Grady OKs $27.5M Wind Power Bonds
GRADY, N.M. – The Grady Village Council recently adopted an ordinance to create $27.5 million in industrial revenue bonds for a pair of wind power companies under the umbrella of Broadview Energy LLC.
A dozen turbines will generate 19.8 megawatts of power for the two power plants – separated due to interconnect agreements that limit plants to 10 megawatts annually – across 1,680 acres of leased land. The land is located about five miles south of Grady, a village of 107 people.
Jesse Hopkins-Hoel, a project developer for National Renewable Solutions, said the project is on schedule to be completed in November, though mid-December is probably a more realistic date.
Hopkins-Hoel said the aim is to get the plants up and running in 2012 in case a renewable energy tax credit for wind energy is not renewed for 2013, but he noted cautious optimism that the credit would stay in place.
$2.5M Grant Going To Clovis College
Secretary of Labor Hilda L. Solis on Thursday announced $500 million in grants to community colleges and universities around the country for the development and expansion of innovative training programs.
In New Mexico, Clovis Community College will get a $2,502,875 grant to develop a co-enrollment track for its nursing program, develop an accredited physical therapist assistant program, and to redesign its health information technology program to comply with accreditation requirements.
In total, 297 schools will receive grants as individual applicants or as members of a consortium.
Samsung To Add iPhone 5 to Suit
NEW YORK – Samsung Electronics says it plans to add the iPhone 5, set to be released today, to the list of Apple devices that it claims infringes its patents in a California court case.
The jury in the case, in federal court in San Jose, ruled a month ago that Samsung’s patent claims against earlier iPhones were baseless, but Samsung is set to appeal. The jury also ruled that Samsung phones and tablets did infringe on Apple patents, and that Samsung owes Apple $1.05 billion.
Korea’s Samsung spelled out its plans in a court filing late Wednesday. It’s seeking royalties from Apple from sales of iPhones.
Mortgage Rates At Record Lows
WASHINGTON – The average U.S. rate on the 30-year fixed mortgage touched its record low this week and the rate on 15-year mortgage hit a new record.
The declines followed the Federal Reserve announcement last week that it would buy bonds to try to push mortgage rates lower and stimulate the housing market.
Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan declined to 3.49 percent from 3.55 percent last week. That matched the lowest rate since long-term mortgages began in the 1950s.
Wal-Mart Drops Amazon’s Kindle
NEW YORK – Wal-Mart Stores is phasing out selling Amazon.com’s Kindle tablet and e-readers, the world’s largest retailer said Thursday.
Wal-Mart says the decision was made as part of its overall merchandising strategy to offer a broad assortment of products at low prices. Wal-Mart Stores will continue to sell a range of tablets and e-book readers, including Apple’s iPad, the Barnes & Noble’s Nook, and devices from Samsung, Sony and others.
The move echoes Target Corp.’s decision to stop offering the Kindle in May after selling it for two years following a merchandise review.
Wal-Mart spokeswoman Sarah Spencer says the Bentonville, Ark., company will continue to sell its existing inventory of Kindles until it is depleted.
Amazon.com, based in Seattle, declined to comment.
— This article appeared on page B1 of the Albuquerque Journal