GE Capital says middle market strong
Results from the largest study ever of U.S. middle-market companies suggests the segment is the nation”™s surest bet for economic recovery, according to a survey by Norwalk-based GE Capital and The Ohio State University Fisher College of Business.
“As the U.S. struggles through the worst economic crisis in recent history, middle-market firms are keeping local economies viable and represent the country”™s strongest engine for growth and long-term success,” said Mike Neal, CEO of GE Capital, in a prepared statement.
More than 80 percent of middle-market companies ”“ defined as having between $10 million and $1 billion in revenue ”“ survived the recession, compared to a little more than half of small businesses according to GE and Ohio State researchers. Those companies
added 2.2 million jobs between 2007 and 2010, the organizations said, even as the largest corporations shed 3.7 million jobs over the same stretch.
CL&P readies renewable credit program
Connecticut Light & Power solicited input from customers for a planned zero- and low-emission renewable energy credit payment program.
If approved by the Connecticut Public Utilities Regulatory Authority, eligible customers would be able to sell their credits to CL&P at a fixed price for a period of 15 years. The price for each zero-emission renewable energy credit, or ZREC, could be as much as $350 in the first year of the program, and each low-emission renewable credit, or LREC, could be as much as $200 in the first year of the program. ZREC projects may not be larger than 1,000 kilowatts and LREC projects may not be larger than 2,000 kilowatts.
DOB names new securities chief
Eric Wilder is the new director of the securities and business investments division of the Department of Banking, having served in an acting director capacity since April 2011.
Wilder, of Enfield, has been assistant director of the securities division since 1984. He is a graduate of Western New England College.
