27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Southern California Edison (SCE) has launched a Request for Offers (RFO) to acquire renewable energy, capacity and load reduction from new preferred resources. The utility is also looking to these resources to serve the local system, including providing ancillary grid services.
The RFO is the second solicitation launched to support SCE's Preferred Resources Pilot (PRP) in central and southern Orange County and is seeking up to 100 megawatts for delivery in 2018.
"Now in its second full year, this pilot is a real-world test where SCE is exploring how cleaner-energy resources can help maintain or improve electric service reliability in a densely populated area," said Caroline McAndrews, director of SCE's Preferred Resources Pilot. "This second RFO helps us prepare for the future and keeps us moving forward in obtaining the cleaner resources needed for this innovative project."
Eligible preferred resources for the RFO include renewable distributed generation, demand response, energy storage and renewable generation paired with energy storage.
Eligible resources must connect to circuits or load that feed into the Johanna or Santiago substations in Orange County.
Projects that meet the RFO requirements can participate in the competitive bidding process and SCE has scheduled an in-person bidder's conference on Oct. 7 in the Orange County area. Conference details can be accessed by registering sceprprfo.accionpower.com and selecting the "PRP RFO #2" link.
"The grid of the future will have a mix of these preferred resources providing reliable and affordable service to our customers while reducing or eliminating the need to build new gas-fired plants," said McAndrews.
About Southern California Edison
An Edison International (NYSE: EIX) company, Southern California Edison is one of the nation's largest electric utilities, serving a population of nearly 14 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150928006000/en/
Southern California Edison
Media Contact:
Robert Laffoon Villegas, (626) 302-2255
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!