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ISO New England has rejected the request by Energy Capital Partners to shut down Brayton Point Power Station, claiming the 1,530-megawatt plant is critical to ensuring a reliable electricity supply to the region, the Boston Business Journal reported Thursday. more
Nearly 1,616 new business entities registered with the Secretary of State’s Business Services Division in the fourth quarter of 2013, pushing the total number of new business formations for the year to 7,199, the secretary’s office announced Friday. more
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose 1.1 percent in November to 124.8 from 123.5 in October. more
Cox Enterprises Inc., the media holding company, agreed to buy back a 25 percent stake in AutoTrader Group from Providence Equity Partners, restoring its full ownership of the e-commerce business. more
Royal Bank of Scotland Group PLC settled lawsuits with Gary Cottle, the former head of risk at its investment banking division, over a $1.2 million bonus. more
As Rhode Islanders woke Friday morning to the aftermath of Winter Storm Hercules, local officials urged continued caution due to dangerous road conditions and freezing temperatures, with parking bans in effect across the state. more
As the first winter storm of 2014 bears down on Rhode Island, National Grid issued a statement Thursday saying its crews are prepared to handle the power outages likely to result from heavy snow accumulation, high winds and potential flooding. more
The Mohegan Tribal Gaming Authority submitted its final application to the Massachusetts Gaming Commission ahead of the proposal deadline on Tuesday, pushing forward its bid for the sole Boston-area gaming license, the Boston Business Journal reported. more
Gov. Lincoln D. Chafee joined state officials at the Rhode Island Association of Realtors headquarters in Warwick Thursday morning to launch the state’s new e-licensing system, designed to make obtaining or renewing a business license in Rhode Island simpler and more convenient. more
Economic development and the celebrated successes of local businesses topped the list of most-read stories on PBN.com in 2013. Three of the top six stories were the announcements of winners in Providence Business News’ annual Rhode Island’s Best Places to Work, 40 Under Forty and Fastest-Growing & Innovative Companies awards. more
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