The News Review:
- First Regional Greenhouse Gas Initiative Auction is a Crucial …
- NextStudent Inc. to Explore Liquidity Options for Outstanding …
- Joye Brown column: Auction reprieve for North Bellport
First Regional Greenhouse Gas Initiative Auction is a Crucial …
MarketWatch
The Regional Greenhouse Gas Initiative (RGGI) is a cap-and-trade scheme
covering the emissions from approximately 230 electricity generating
units of 25 MW capacity or more in ten north-eastern US states. On
September 25, 2008 RGGI successfully completed its first auction of CO2
allowances in preparation for the start of the first compliance period
in January 2009. The auction raised $39 million, for state
administrations to invest in carbon reduction programs, based on a
clearing price of $3. RGGI is a crucial proof of concept for a
federal cap-and-trade scheme. North-eastern power generators like Dynegy
and Dominion now lobby for a national scheme.
Related: This Comprehensive Low-Fare and Regional Aviation Handbook …
NextStudent Inc. to Explore Liquidity Options for Outstanding …
MarketWatch
“We’ve signed a letter of engagement with a major financial
institution,” said Jack Wallace, NextStudent Executive Vice President. “We haven’t initiated any transactions yet, but we’re committed to
exploring all liquidity options for the Trust. ”
These options include the possibility of repurchases in the open
market or a tender offer for some or all of the Trust’s auction rate
notes. If the Trust were to make any future repurchases or a tender
offer, however, the purchase price would likely be at an amount less
than par. Caught in the blowback from the subprime mortgage implosion and the
ongoing squeeze in the credit markets, the auction rate securities
market has been in a severe and worsening liquidity crunch for most
of the past year, with auctions failing for most auction rate
securities, including student loan-backed auction rate notes. These
market conditions have affected the liquidity of the auction rate
notes of the Trust, as well as the auction rate securities of other
student loan asset-backed issuers. “We look forward to completing a transaction that could provide some
liquidity to the NextStudent Trust,” said Wallace.
Joye Brown column: Auction reprieve for North Bellport
Newsday, NY
Suffolk County was going to auction off tax-delinquent properties vital to the community’s planned redevelopment. Suffolk officials decided yesterday afternoon to pull 11 local properties off the county’s Thursday auction list. The county will keep – and later pass along to the Town of.