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John Lounsbury, Managing Editor and Co-founder of Global Economic Intersection, provides comprehensive financial planning and investment advisory services to a small number of families on a fee only basis. He has a background which includes 34 years with a major international corporation, 25... More
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  • Getting a Charge in Raleigh 0 comments
    Nov 24, 2010 9:23 AM | about stocks: ETN

    Electric car charging stations are being installed in Raleigh, North Carolina.  Two are in place in downtown locations and a third will be operational next week.  The picture here, from the News & Observer, shows  Robert Jefferies, left, and Kostya Filippenko checking out an electric vehicle charging station at 285 W. Hargett Street. The stations are part of Raleigh's effort to become a leader in electric vehicles in the U.S. Southeast.

    Raleigh plans to have at least 30 charging stations in operation within the next ten months.  Many will be in downtown parking garages and some on the North carolina State University campus.  Raleigh's efforts are part of a partnership the city formed last year with Indianapolis and Portland, Ore.

    The state of North Carolina will have more than 350 charging stations.  The effort is supported by donations of the initial stations (value about $3,000 each) by the Eaton Corp (NYSE:ETN) and through the use of federal stimulus dollars.  The electricity is being provided free initially, but users will pay meter or garage parking fees.

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    Disclosure: No positions.
    Stocks: ETN
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