ADVFN - Advanced Financial Network.
HOME» NYSE » N » NRG Stock Price » NRG Stock News

Nrg Energy Share News

 Nrg Energy (new) Stock Price
NRG Stock Price
 Nrg Energy (new) Stock Chart
NRG Stock Chart
 Nrg Energy (new) Stock News
NRG Stock News
 Nrg Energy (new) Company Information
NRG Company Information
 Nrg Energy (new) Stock Trades
NRG Stock Trades

CME-CBOE Tax Break Bill Clears First Legislative Hurdle In Illinois

By Howard Packowitz Of DOW JONES NEWSWIRES CHICAGO -(Dow Jones)- An Illinois Senate committee endorsed legislation Thursday that would cut by about half the state taxes paid by Chicago's derivatives exchanges. The city's two largest exchanges, CME Group Inc. (CME) and CBOE Holdings Inc. (CBOE), threatened to leave Illinois because of what they call an unfair tax burden. The legislature in January raised the state's corporate income tax to 7% from 4.8% to help fill gaping budget deficits. However, the bill introduced Monday by Democratic Senate President John Cullerton would reduce CME and CBOE's tax bill by about 50%. The measure's key provision would tax only about 27.5% of all electronic trades performed at the exchanges, rather than the 100% now. Cullerton came up with the 27.5% figure based on U.S. census data approximating the proportion of electronic trades that are performed in Illinois. Electronic platforms expand their reach worldwide, far beyond traditional trading floors. Action on the bill was delayed for a day because it lacked bipartisan support, according to a Cullerton spokesman. The committee's endorsement followed a meeting this morning between legislative leaders and Gov. Pat Quinn, a Democrat. The bill now moves to the full Senate for consideration. It must also win favor in the Democratic-controlled Illinois House of Representatives and Gov. Quinn. -By Howard Packowitz, Dow Jones Newswires; 312 750 4132; howard.packowitz@dowjones.com

Stock News for Nrg Energy (NRG)
DateTimeHeadline
04/26/201607:30:00NRG Names FIRST® as Flagship Non-Profit Partnership
04/22/201612:50:00Offshore Driller Noble Further Slashes Dividend
04/22/201612:44:00Offshore Driller Noble Further Slashes Dividend
04/21/201617:33:00NRG Energy, Inc. to Report First Quarter 2016 Financial Results...
04/19/201616:30:00NRG Partners with DigitalKap to Bring Solar Power to Haitian...
04/18/201607:30:00NRG Energy, Inc. Announces Quarterly Dividend
04/13/201603:03:00Two Utilities, Two Approaches -- WSJ
03/17/201616:20:00California Regulators Give Ivanpah Solar Plant More Time
03/17/201615:57:00California Regulators Give Ivanpah Solar Plant More Time
03/16/201621:00:00Ivanpah Solar Plant May Be Forced to Shut Down
03/16/201619:57:00Ivanpah Solar Plant May Be Forced to Shut Down
03/08/201618:07:00Correction to Whole Foods Solar Article
03/08/201611:10:00Whole Foods Reaches Installation Deals With SolarCity, NRG Energy
03/08/201611:02:00Whole Foods Reaches Installation Deals With SolarCity, NRG Energy
03/08/201608:00:00Whole Foods Market and NRG to Plan Large Scale Commercial Solar...
03/07/201608:00:00NRG and NRG Yield Unveil New 20 MW Solar Facility in Southern...
02/29/201608:50:00NRG Energy, Consolidated Energy Slash Dividends
02/29/201606:29:00NRG Energy, Inc. Reports Record 2015 Adjusted EBITDA Results...
02/11/201614:00:00NRG Canal 3 Project Clears ISO-NE Capacity Auction
02/10/201607:30:00NRG Energy, Inc. to Report Full Year and Fourth Quarter 2015...

Nrg Energy and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad