UI/SCG Offer Businesses Energy Saving Incentives Amid COVID-19

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To help Connecticut large and small businesses combat the challenges associated with COVID-19, more resources are being dedicated to support cost-saving energy efficiency upgrades and projects to help streamline operations. United Illuminating (UI), Southern Connecticut Gas (SCG) and Connecticut Natural Gas (CNG), subsidiaries of AVANGRID Inc., are offering virtual assessments and larger energy efficiency incentives to help customers navigate the current economic climate, including incentives that cover up to 75 percent of project costs.

UI, SCG and CNG have developed enhanced incentives for retrofit projects to support large Commercial and Industrial (C&I) businesses with rebates and incentives. Up to 75 percent of install measure costs for retrofit projects completed in 2020 can be covered under the current program offerings. In addition, there are now more than 40 available incentive measures for HVAC and food service equipment.

Commercial property owners, energy modeling firms and architectural firms can also obtain attractive incentives

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Intercontinental Exchange, BondLink Partner for Market Data

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Intercontinental Exchange, Inc.’s ICE ICE Data Services has partnered with BondLink to provide issuers a cloud-based market data dashboard on a real-time basis. The launch of the municipal bond market data package is expected in July 2020.

Boston, MA based BondLink is a venture-backed financial technology company that develops solutions for issuers in the approximately $4 trillion municipal bond market. Its software includes a cloud-based investor relations platform for issuers to communicate directly with bond investors. It has become a major destination for startups alongside blue-chip companies like GE and Amazon.

BondLink has expanded its network across more than 30 states, as well as the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Issuers across the municipal bond market rely on BondLink to power their investor outreach. Their clients come from a wide range of sectors and sizes including the State of Florida, the City of Chicago,

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R-Motorsport withdraws from 2020 GT World Challenge season

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The race-winning team, whose Aston Martin Vantage GT3s are jointly run by the British Arden and Jota Sport operations, has opted to put its racing activities on hold as a result of the COVID-19 pandemic. 

R-Motorsport, which also contested last year’s DTM under the Aston banner, has stressed that it intends to return to racing next season in what a spokesman said could be a “bigger, better and more expansive way”.

The decision for 2020 covers the Swiss entrant’s campaigns in both the Endurance and Sprint Cup legs of the GTWCE (formerly known as the Blancpain GT Series) and the GT4 European Series, as well as a return to the Intercontinental GT Challenge at Kyalami in November and the launch of a new one-make Aston series known as the Vantage Cup. 

The one-make series had been expected to begin with a series of pilot races, possibly on the DTM bill,

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J.C. Penney’s Key Weeks Ahead

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J.C. Penney is gearing up to hustle for approval for its business plan. An attorney for the retailer told a Texas bankruptcy court on Wednesday that it will submit its business plan as anticipated, and that it is discussing with lenders about the possibility of having more time this month to get the plan approved. 

So far, the retailer has been hurtling toward a mid-July deadline to get the plan approved. Having it approved by the deadline effectively gives the retailer the greenlight to proceed with its planned restructuring.

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Failing that, the alternative could be a potential sale and possible liquidation of inventory, which Joshua Sussberg of Kirkland & Ellis LLP, who represents J.C Penney, told the court is “an outcome that nobody wants, that is not something that we’re working towards.”

The retailer planned to deliver its business plan

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