Electricity Supplier Offers Ebay Auction
A Connecticut electricity supplier called MXEnergy has found an unusual way to sell energy - by auctioning it on eBay.MXEnergy, one of several electricity suppliers in the states deregulated market, is offering homeowners and small businesses electricity rates that are locked in, similar to power purchases by large commercial and industrial customers.To promote its business among United Illuminatings 320,000 customers, the Stamford-based MXEnergy is auctioning off 1 megawatt of electricity to the highest bidder before Dec. 13. As of Friday afternoon, the highest of 18 bids was $132.50.MXenergy will accept the highest bid on a megawatt, or 1,000 kilowatts, of electricity and divide it by 1,000 to determine the rate at which the winner can purchase up to 10 megawatts in a year after signing up with MXenergy.Thats about how much electricity an average household uses annually, said Jeffrey Mayer, president and chief executive of MXEnergy.MXEnergy has 500,000 customers according to the Fool.com story. The eBay auction listing can be found here.Permalink | Recent Headlines | WWFeeds.com
UBS to mark down auction-rate securities - CNNMoney.com
PravdaUBS to mark down auction-rate securitiesCNNMoney.com - 3 hours agoTORONTO Thomson Financial - UBS NYSE:UBS AG said Friday it is cutting the value of auction-rate securities in its brokerage customers' accounts, the first confirmation that problems with the securities have eroded the principal holdings of investors.3 Firms Are Asked for Data on Auction-Rate Shares New York TimesUBS, Merrill, Bank of America Auction Sales Probed Update4 BloombergForbes - Wall Street Journal - Reuters - Boston Heraldall 54 news articles
