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New
Release -- Superconductor Week does not edit or endorse the following
news release:
Energy Bill Transmission Grid
Improvements Experts Available to Provide Analysis
Westborough, Mass,
Jul 27: The Energy Bill is expected to be ready for President Bush's review and
approval within the next few days.An important feature of the bill addresses the
stability and modernization of the United States transmission grid including
mandatory reliability standards, and repeal of the Public Utility Holding
Company Act of 1935.
Research and development money is allotted for
innovative, new technologies such as high temperature superconductors, publicly
cited by President Bush as key elements to help stabilize and improve the
electric transmission grid.
The Production Tax Credit will affect a broad range of
energy related products including alternative energy sources such as wind farms
and fuel cells.
American Superconductor (NASDAQ:AMSC) executives are
available to provide in-depth analysis and understanding of the transmission
grid and the role of reactive compensation solutions, and to discuss the ways in
which the bill is expected to stimulate investment and modernization of this
critical infrastructure.Key provisions include: the introduction of mandatory,
enforceable grid reliability standards; PUHCA repeal; authorizations for
expanded R&D into superconductor-based transmission solutions; and the enactment
or extension of production tax credits for wind energy and the manufacture of
fuel cells.
Executives include:
* Greg Yurek, Ph.D., Founder, Chairman of the Board,
CEO -- a globally recognized leader in the development and commercialization of
breakthrough technologies for large-scale electrical systems.
* Terry Winter, Executive Vice President, Advanced
Grid Solutions -- former CEO of the California Independent System Operator and a
nationally recognized and highly respected electric power industry expert.
* John Howe, Vice President, Electric Industry Affairs
-- former Chairman of the Massachusetts Department of Public Utilities (now the
Department of Telecommunications and Energy).
To arrange interviews or briefings, please contact:
Wanda Whitson
Public Relations Manager
American Superconductor
Tel: 508-621-4454
Email:
wwhitson@amsuper.com
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