Astec Acts on Its Growth Plans – Analyst Blog
Zacks Market Commentaries (October 7th, 2009) Writes:
Zacks Market Commentaries (October 7th, 2009) Writes:
Stuart Smith (September 10th, 2009) Writes:
Sep. 10, 2009 (Business Wire) — GWS Technologies, Inc. (OTCBB:GWSC), an alternative energy company developing and marketing solar and wind-powered renewable energy products and solutions, today commented on the September 2, 2009 ruling by the Maricopa County Superior Court affirming that the Arizona Corporation Commission has the authority to set renewable energy standards and allow utilities to collect tariffs to meet them.
The Court ruled that the Commission has the authority to set the standards as part of its ratemaking and policy authority granted by the state’s constitution. The Commission instituted the standards in 2006 requiring all utilities that it oversees to provide 15 percent of their power from renewable sources by 2025. In order to do that, many of the utilities raised funds through special tariffs associated with renewable energy.
“This ruling is widely seen as a big win for Arizona’s solar industry and will provide incentives to promote
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