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Published on 5/6/2010 in the Prospect News Convertibles Daily and Prospect News Preferred Stock Daily.

PowerSecure International files $70 million stock and preferreds shelf

By Devika Patel

Knoxville, Tenn., May 6 - PowerSecure International, Inc. filed a $70 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers common stock, preferred stock, warrants and units.

The preferreds may be structured as convertibles.

Proceeds will be used for general corporate purposes.

PowerSecure is a Wake Forest, N.C.-based provider of Energy and Smart Grid Solutions to electric utilities and their commercial, institutional and industrial customers, and of Energy Services to oil and natural gas producers.


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