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The $150-million investment is in the form of 7.50 percent convertible notes due in 2016. The notes will be convertible into shares of Clean Energy common stock at $15 per share. The closing of the investment is scheduled to occur on or before Aug. 30, 2011 and is subject to customary conditions.
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As a result of the economic recession and failure of Proposition 1, the Board of Commissioners directed staff to implement a 35 percent reduction in service by October 2011 to address the agency's budget shortfall.
Read More →L.A. Metro announced plans to order 550 New Flyer Xcelsior natural gas buses, powered with the ISL G 8.9 liter engine, to be deployed in 2014 and 2015. The San Diego MTS announced the decision to purchase up to 350 Gillig 40-foot low floor buses and 118 New Flyer 60-foot low floor articulated buses, also powered with the ISL G 8.9.
Read More →Vicinity and ABC Companies will jointly exhibit a range of heavy-duty, light-duty, and special purpose vehicles.
Read More →The buses are also low-floor vehicles capable of “kneeling,” making the boarding process more convenient and fully accessible.
Read More →Center includes four bus shelters with a total of 140 seats, informational boards, a landscaped bicycle and pedestrian path, and a bus layover area under the parking garage for the new Joint Traffic Management Center now under design.
Read More →MTA's new fuel cell bus is hybrid-electric, zero emission and powered by a 120 kW UTC Power PureMotion fuel cell system.
Read More →Transit agencies across the country are looking for ways to cut emissions, reduce petroleum use and save on fuel costs. Sun Tran, operated by the City of Tucson, Ariz., has been successful on all three fronts and serves as a great example for other public transit providers.
Read More →Of the 919 buses, roughly 75% are replacements, including 250 CNG and 455 clean diesel and hybrid-electric buses.
Read More →Thirty-six of the units are powered by Cummins ISC 260 diesel engines, and the remaining seven are powered by John Deere 8.1 CNG engines.
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