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State treasurer announces Republican quote for guv

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Cathleen Allison/ AP Nevada Treasurer Dan Schwartz affirms in committee at the Legislative Structure in Carson City on Thursday, Feb. 12, 2015.

Tuesday, Sept. 5, 2017|12:46 p.m.

. A businessman who became Nevada state treasurer two years ago states he’ll seek the Republican nomination for guv.

Dan Schwartz made his statement today in Las Vegas, focusing in a declaration on schools, the state economy, federal control of public lands and exactly what he called “pay-to-play” impact by political lobbyists and wealthy experts.

Schwartz joins Las Vegas bike store business owner and political newbie Jared Fisher in a Republican field that is expected to also include state Attorney General Adam Laxalt.

Laxalt has actually not made an official project announcement, however Schwartz has actually slammed Laxalt’s connect to billionaire gambling establishment magnate Sheldon Adelson.

Schwartz credits term-limited Republican Guv Brian Sandoval with guiding the state from the Great Recession, but he says the state economy has to diversify and schools need to improve.

Walgreens Ends Quote to Acquire Rite Aid, Will Rather Buy 2,186 Stores for $5.2 Billion

PLAN B: Walgreens Opts to Obtain, Rebrand Rite Help Stores Outright After Combination Fails to Win Regulatory Approval

Walgreens Boots Alliance Inc. officially ended its offer to combine with Rite Aid Corp. and instead will pay just under $5.18 billion to buy 2,186 of the rival pharmacy chain’s stores.

The ditching of the merger following months of speculation about whether the Federal Trade Commission would try to obstruct the offer, most just recently estimated to be worth $12.4 billion to $13.4 billion.

The relocation likewise scuttles an associated transaction to sell specific Rite Aid shops to Fred’s Inc. in order to assist win antitrust approval.

This brand-new contract changes the previous merger with Rite Aid which was revealed in October 2015. The chains amended the handle January to divest specific Rite Help shops to the Memphis, TN-based Fred’s, Inc. drug store chain.

In a statement, Rite Help stated the decision to end the merger follows feedback gotten from the FTC that “led the company to believe that the parties would not have actually gotten FTC clearance to practiced the merger.”

Walgreens (Nasdaq: WBA) will pay Rite Aid a $325 million termination charge for ending the merger arrangement. Fred’s will receive $25 million as reimbursement for expenses connected with the transaction.

Putting his finest spin on exactly what he called a “frustrating outcome,” Fred’s Inc. CEO Michael K. Flower stated the termination would have no influence on the business’s “change method” or capability to execute.

“While the acquisition of additional shops was an opportunity for development, we always viewed it as a potential result that would accelerate our transformation, not define it,” Flower stated in a declaration today.

After the new deal closes in about 6 months, Walgreens will start obtaining the shops and related assets, with strategies to transform most to the Walgreens brand.

Walgreens anticipates the brand-new deal to be modestly accretive to adjusted diluted net profits per share in the very first complete year after the initial closing and anticipates to recognize more than $400 million in cost savings within three to 4 years, primarily from procurement, expense savings and other functional concerns.

In a statement released early Thursday, Walgreens Boots Alliance Executive Vice Chairman and CEO Stefano Pessina said the brand-new transaction, “will allow us to expand and enhance our retail pharmacy network in essential markets in the United States, including the Northeast, and provide consumers and clients with higher access to practical, affordable care.

“We believe this new deal addresses competitive concerns previously raised with respect to the prior deal,” he added.

Las Vegas quote for NHL franchise advances

Entrepreneur Bill Foley’s bid for a National Hockey League group in Las Vegas has actually relocated to the next stage of consideration, NHL Deputy Commissioner Bill Daly informed the Las Vegas Review-Journal on Friday.It “just suggests that they have pleased requirements of this phase and get to advance to more detailed due diligence and additional submission requirements,” Daly said.

The NHL will certainly continue assessing Foley’s company prepare for a franchise, which could potentially start playing at the brand-new $375 million MGM Resorts International-AEG arena on the Strip by the 2017-18 period.

Foley says he has more than 13,000 period ticket deposits from local Las Vegas fans.

After Foley’s application is thought about and he answers questions from league officials, the NHL Board of Governors might possibly vote on Foley’s quote at a meeting in September or January.

An application from Quebec City likewise advanced.

PUC rejects quote to keep net metering program in place

LAS VEGAS (FOX5) –

Numerous people rallied for solar tasks at a meeting of the general public Utilities Commission Wednesday. Members of Nevada’s solar industry have actually been whining NV Energy is proposing modifications that would eliminate the market.

Public remark started at 9 a.m. and lasted well into the afternoon. The solar market is approaching a 235 megawatt cap on solar net metering set by the Nevada Legislature. That means solar business will have to figure out what to do with consumers who opt to go solar after the cap is reached. Rates will have to be set and credit amounts will have to be figured out.

Currently, NV Energy supplies a credit of 12 cents per kilowatt of energy put back on the grid. Solar companies desire it left there, but NV Energy has actually proposed reducing that to 5 cents per kilowatt. When the law was composed, legislators did not prepare for the cap would be reached.

“In January of this year they got as numerous applications for net metering as they performed in all last year. [There has been an] influx of new solar companies in the market,” Public Utilities Commission Outreach Director Dawn Rivard stated.

Supporter group The Alliance for Solar Option stated existing regulations need to be kept in location to secure the market and its workers.

“Individuals have actually spoken, and they want it. When the energy picked net metering, they didn’t take into account just how much it would grow. [They] ignored the capabilities of solar,” Greg Kates with the Las Vegas-based SolarCity stated. NV Energy representative Kevin Geraghty stated the utility is not trying to eliminate solar power however its routine consumers are subsidizing those who went solar. He additionally stated the energy can find the energy put on the grid by solar consumers more affordable in other places.

“We can buy that power on the free market more affordable. We can produce it even cheaper than that with our most recent utility-sized solar tasks – less than 4.5 cents,” he stated.

On Wednesday, the Public Utilities Commission, by a 3-0 vote, denied the petition filed by The Alliance for Solar Choice asking for the existing net metering tariffs and regulations be extended from the date the cap is fulfilled up until the commission approves new net metering tariffs. According to a release from the commission, commissioners had no statutory authority to raise or remove the cap, nor was it licensed to maintain the existing tariffs beyond the cap. Nevertheless, the release mentioned, the commission does have the authority to resolve the terms, conditions and timing of interim tariffs.

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