Main Street Capital Corporation (NYSE:MAIN) announced the expansion of total commitments under its three-year credit facility (the “Credit Facility”) from $155 million to $210 million . The $55 million increase in total commitments included commitment increases by lenders currently participating in the Credit Facility, as well as the addition of one new lender relationship which further diversifies the Main Street lending group to a total of seven participants.
Main Street Capital Corporation is a business development company specializing in equity, equity related, and debt investments in small and lower middle market companies.
Laclede Group Inc. (NYSE:LG) announced that Douglas H. Yaeger , Chairman and Chief Executive Officer of The Laclede Group, has decided to retire from the board of directors simultaneously with his previously announced retirement as CEO of Laclede .
The Laclede Group, Inc., through its subsidiaries, engages in the retail distribution, sale, and marketing of natural gas. It serves approximately 630,000 residential, commercial, and industrial customers in St. Louis and surrounding counties in eastern Missouri.
Cleantech Transit, Inc. (CLNO)
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
ADVANTAGES OF BIOMASS
o Biomass can be used for fuels, power production and products that would otherwise be made from fossil fuels.
o It does not add CO2 to the atmosphere as it absorbs the same amount of carbon in growing as it releases when consumed with fuel.
o It can be used to generate electricity with the same equipment or power plants that are now burning fossil fuels.
o It is sensible to use waste products where we can.
o Biomass fuel generally tends to be cheap.
o Using biomass sources places less demand on the Earth’s resources.
o The use of biomass energy has the potential to greatly reduce greenhouse gas emissions.
o The use of biomass can reduce dependence on foreign oil.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net).
For more information please visit official website of CLNO: www.cleantechtransit.com
Westar Energy, Inc. (NYSE:WR) Board of Directors declared a quarterly dividend of 32 cents per share payable Jan. 3, 2012, on the company’s common stock.
Westar Energy, Inc., an electric utility company, engages in the generation, transmission, and distribution of electricity. It produces electricity through various sources, including coal, wind, nuclear, natural gas, oil, and diesel.
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