VEC Board to consider Vermont Yankee offer April 26

first_imgVEC Board to review Entergy Vermont Yankee proposal, not final yet … Vermont Electric Cooperative (VEC) officials responded to a press release issued by EntergyCorporation on March 30, 2011. In this press release, Entergy … Vermont Electric Cooperative (VEC) directors will consider a twenty-year power offer from Entergy to purchase electricity produced at the Vermont Yankee nuclear power plant at below market prices. One consideration of the proposed agreement with Entergy would require state regulatory approval for the continued operation of the plant in Vermont. At a regularly scheduled board meeting on Tuesday, April 26, 2011, at noon at VEC headquarters in Johnson, the 12-member VEC board of directors will hear from nuclear industry experts following an overview of the proposed contract by VEC staff.  Arnie Gundersen, an independent nuclear engineering and safety expert from Fairewinds Associates, and officials from Entergy will present their respective views and answer questions from the board. The board is expected to vote on the proposal at the meeting. Entergy last week filed two court cases against the state of Vermont. The first one essentially saying that the state Legislature has no right to determine the fate of the Vernon nuclear plant, as that decision should be left to regulators at the state and federal level – the Vermont Public Serivce Board and the Nuclear Regulatory Commission. Entergy also filed an injunction to stop the state from closing the plant. (SEE STORY HERE) ‘Many VEC members have expressed concerns about the Vermont Yankee facility in Vernon and about the rising costs of energy. There are no easy answers,’ said CEO Dave Hallquist.  ‘Our energy decisions come with many tradeoffs. VEC’s power procurement team continually seeks out options that are priced competitively, but lower price tags often come with negative environmental consequences. From wind to nuclear to solar — it’s a balancing act that weighs financial costs against environmental risks.’ ‘Because VEC is a cooperative and a democratic institution, our customers are both members and owners and they elect directors to represent their interests,’ continued Hallquist. ‘The April 26, 2011 meeting should result in a decision that ultimately reflects the overall interests of the VEC membership.’ Elected democratically by its consumers, VEC’s board of directors is responsible for setting policy for Vermont’s third largest electric distribution utility, which serves members in 74 towns in northern Vermont.  Aside from executive sessions, VEC board meetings are open to VEC members and invited guests. Members and others wishing to address the board at the meeting will need advance authorization in accordance with the VEC bylaws and board policy. Audio and video recording of board meetings is not permitted. More information about the meeting, along with contact information for VEC directors, can be found on the VEC website at is external) Source: VEC, Johnson, April 22, 2011RELATED STORIES: Entergy, Vermont Electric Cooperative complete negotiations on … Mar 30, 2011 … Entergy Corporation (NYSE: ETR) today announced Entergy Nuclear Vermont Yankee, LLC has completed negotiations on a 20-year agreement to …center_img Entergy Vermont Yankee sues state of Vermont | Vermont Business … Apr 18, 2011 … Entergy has sought to extend the license another 20 years. It said a shorterextension was not feasible because of the capital investment …last_img read more

Richmond, Va, not Asheville, NC, will be future home of Whitewater Hall of Fame

first_imgAfter a nationwide search, two cities were left standing as the potential future home of the International Whitewater Hall of Fame and World River Center: Asheville, NC and Richmond, Va. Yesterday, it was announced that Richmond, settled along the James River, won the bid. Asheville had hoped to interest the Whitewater Hall of Fame in locating near the town of Woodfin’s world-class whitewater wave, currently in development. To see more photos of the paddlers, wildlife, and passionate outdoor community of the James River Park System, take a look at the photography of Rich Young. Photo of the James River in Richmond, VA by Rich Young center_img In the end, Asheville lost the bid to Richmond, who had more properties, strong vision and fundraising in place. The Whitewater Hall of Fame and World River Center recognize and honor individuals who have made significant contributions to the sport of whitewater paddling.last_img read more

Don’t miss today’s NAFCU Member Call-In

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NAFCU President and CEO Dan Berger and senior staff will discuss the latest developments on key credit union issues and the association’s advocacy efforts today during NAFCU’s member-only call-in, which is slated to run 4-5 p.m. Eastern.“Today’s call offers a unique opportunity for NAFCU member credit union leaders to hear directly from your advocacy team about developments in Washington having an impact on you,” said Berger.Berger will be accompanied during the call by Senior Vice President of Government Affairs and General Counsel Carrie Hunt, Legislative Affairs Vice President Brad Thaler, Regulatory Compliance Director Brandy Bruyere, Director of Research and Chief Economist Curt Long and others.The call-in, “NAFCU CEO and Staff Issues Update,” will spotlight key legislative, regulatory, compliance and economic issues of concern to the association’s members – among them, cyber and data security, field-of-membership rules, NCUA’s budget, risk-based capital and more. The call will also look at the Fed’s decision last week not to raise interest rates. continue reading »last_img read more

U.S. economy is flying high

first_img continue reading » 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Credit unions are in the “best sector” of a robust economy, Wall Street guru Peter Ricchiuti tells attendees at the CUNA CFO Council Conference in Orlando.“We’re adding 200,000 jobs a month,” he says. “Consumer confidence is at a 15-year high. Loans are rising. You are in the best sector of the economy.”Other highlights from Ricchiuti’s presentation:• Investors are hot and cold on the Trump administration. They like cuts to corporate tax rates, deregulation, and increased infrastructure spending.But they’re not keen on protectionism, import tariffs, and immigration restrictions, which make it hard to fill key jobs and limits innovation.• Unemployment is below 5%, which is considered to be full employment. “There’s very little slack in the economy right now, Ricchiuti says. “If the economy improved any more we really don’t have [enough] workers.”In fact, he says, 89% of manufacturing job losses are the result of improvements in efficiencies, automation, and robotics. “That’s good news for American robots,” he says.last_img read more

Governor Wolf Visits JLG Industries in Fulton County

first_img Economy,  Jobs That Pay,  Press Release Harrisburg, PA – Today, Governor Tom Wolf visited one of Fulton County’s largest employers, JLG Industries, to highlight the administration’s continuing efforts to make Pennsylvania the best place for manufacturers to do business.“Since day one I have been committed to strengthening Pennsylvania manufacturing, and today’s tour helps reinforce the fact that we’re on the right path for manufacturing prosperity in Pennsylvania,” said Governor Wolf. “I’m proud that Pennsylvania is home to manufacturers like this that are committed to investing in their employees and their local communities.”In 2017 Governor Wolf launched the Manufacturing PA initiative, which supports Pennsylvania’s manufacturing community through strategic partnerships while emphasizing job training to career pathways. Since the launch, the initiative has awarded $8.6 million in funding to Industrial Resource Centers, educational institutions, and other manufacturing partners cross the commonwealth. This includes a total of more than $1 million awarded to nine organizations across the commonwealth to develop new, innovative training programs to help more than 350 unemployed and underemployed individuals, as well as those with barriers, to get the skills they need to gain employment in the manufacturing sector. Governor Wolf Visits JLG Industries in Fulton County August 06, 2018center_img SHARE Email Facebook Twitterlast_img read more

Governor Wolf Announces New Funding to Support Job Training and Close Manufacturing Workforce Gap in South Central Pa.

first_img April 22, 2019 Economy,  Press Release Harrisburg, PA – Today, Governor Tom Wolf announced the approval of new funding for MANTEC, a manufacturing consulting firm in York County, to support an eight-week career readiness program that will address the needs of manufacturers in southcentral Pennsylvania and create a job-ready workforce in the greater York County area. The grant will come from Governor Wolf’s Manufacturing PA initiative.“Our administration continues to look for ways to upskill and reskill Pennsylvania’s current and future workers to become a leader in the 21st century,” Governor Wolf said. “Through MANTEC’s job training initiative we will be able to provide all our residents with opportunities to compete for family-sustaining, well-paying jobs in the manufacturing industry.”The grant will provide $200,000 to MANTEC, which will partner with HACC, Central Pennsylvania’s Community College; the York County Economic Alliance, SCPA Works, Crispus Attucks and York County Veterans Affairs to offer manufacturing job training opportunities for youth, veterans and other unemployed or underemployed populations.During the first four weeks of the program, participants will attend HACC’s STEP Academy at HACC’s York Campus to learn the essential skills needed to perform today’s jobs including communication skills, teamwork and collaboration, adaptability, problem solving, critical observation and conflict resolution. The second part of the program consists of classwork towards the Manufacturing Skills and Safety Council Certified Production Technician program, where participants will have the opportunity to earn three more nationally-recognized credentials.MANTEC will also assist participants with employment placement by partnering with area manufacturers including Johnson Controls, Klinge Corp., York Container; APX/York Sheet Metal, L2 Brands, Elsner Engineering and UTZ.“The number one issue MANTEC hears from the manufacturers we serve is the lack of talent to meet their customer demand,” said John Lloyd, president and CEO of MANTEC. “This grant from the commonwealth will enable MANTEC and our partners to address the workforce shortage by elevating the skills of new workers about to embark on a career in manufacturing.”The Pennsylvania Manufacturing Training-to-Career grant is designed to provide funding for training programs to help unemployed and underemployed individuals, as well as those with barriers, to gain the skills they need to gain employment in the manufacturing sector. Eligible applicants include technical and trade schools, universities, and nonprofit organizations that develop new and innovative training programs and partner with two or more manufacturers.The Training-to-Career grant is part of Governor Wolf’s Manufacturing PA initiative that was launched in October 2017. This initiative ensures that training leads not simply to any job, but to careers that provide higher pay and opportunities for advancement. Working with DCED’s strategic partners, including Industrial Resource Centers (IRCs), Pennsylvania’s colleges, universities, technical schools, and non-profit organizations, this initiative fosters collaboration and partnerships to accelerate technology advancement, encourage innovation and commercialization, and build a 21st century workforce.In the 2019-2020 Executive Budget, Governor Wolf proposed the new Statewide Workforce, Education, and Accountability Program (SWEAP) to provide workforce development opportunities for Pennsylvanians from birth to retirement. SWEAP will expand access to early childhood education, increase investments in schools and educators, and further partner with the private sector to build on the PAsmart initiative. Through SWEAP and PAsmart, the governor is calling for an additional $4 million to help Pennsylvania manufacturers train workers and $6 million to expand career and technical education for adults.For more information about the Wolf Administration’s commitment to manufacturing, visit the Department of Community and Economic Development (DCED) website or follow us on Twitter, LinkedIn, Facebook, and YouTube. Governor Wolf Announces New Funding to Support Job Training and Close Manufacturing Workforce Gap in South Central Pa.center_img SHARE Email Facebook Twitterlast_img read more

Home in built up street is masterclass in use of privacy filters

first_img4 Garrick Street Coolangatta Qld 4225The standout example was the outdoor entertainment zone with custom made barbecue that has a soaring two storey ceiling, walled in on three sides for privacy and open towards the swimming pool area. The perimeter fence consists of solid walls and louvres of varying levels. 4 Garrick Street Coolangatta Qld 4225A COOLANGATTA home with apartment buildings for neighbours is a masterclass in the use of privacy filters.Designed by Paul Uhlmann Architects, the triple storey property at 4 Garrick Street, Coolangatta was billed as “an exemplary lifestyle sanctuary”. 4 Garrick Street Coolangatta Qld 4225Floor-to-ceiling glass “frames serene park and oceanic vistas”, but the design throws in the use of automated screens, panels, curtains, decks and manicured gardens to create personal space. More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor9 hours ago4 Garrick Street Coolangatta Qld 4225Metres from the beach and restaurants, the layout uses design elements to boost privacy while still making the most of the water views.center_img 4 Garrick Street Coolangatta Qld 4225Agents Chris and Kelly Holt of McGrath Coolangatta/Tweed Heads have just put the property under contract. 4 Garrick Street Coolangatta Qld 4225last_img read more

LAPFF warns IASB proposals fail to satisfy UK post-Brexit legal test

first_imgFRSs used in the UK will become known as UK-adopted International Accounting StandardsEffectively, all of the powers currently exercised by EU institutions to endorse accounting standards for use in the bloc will be repatriated back to the UK.Those powers will then be exercised by a new endorsement board which will be hosted by the Financial Reporting Council.Documents obtained recently by IPE using the Freedom of Information Act reveal that the UK business department has held talks with representatives of the IFRS Foundation to licence those standards for use in the UK.IAS 1 is arguably more important than any other international standard because it is effectively the gateway through which entities pass when they first adopt IFRSs.Among the elements of the IFRS accounting model that it regulates are the minimum format and content of financial statements and important concepts such as accruals accounting and the going concern.The issue of whether the concept of going concern and the way it is audited is sufficiently robust has caught the attention of politicians in the UK following recent high-profile corporate collapses such as Carillion and Thomas Cook.The LAPFF complained that the IAS 1 going concern assessment is flawed because it “confuses management intent with the de facto position of the company”.This, the forum goes on to argue, creates a situation where, for example, auditors could, contrary to UK law, avoid liability for fraud leaving shareholders with inadequate redress.Concerns about fraud and the role of auditors in relation to capital maintenance have arisen in at least one recent high-profile UK corporate collapse, the 2019 AssetCo High Court ruling, as well as during ongoing UK parliamentary hearings.Sources familiar with the issues have told IPE they believe it is this collision of Brexit, increased political scrutiny of accounting matters and the repatriation of laws from Brussels that LAPFF has sought to tap into.The IASB has extended the comment period on the exposure draft from 30 June 2020 to 30 September 2020.To read the digital edition of IPE’s latest magazine click here. The LAPFF also said is it necessary for proposals to satisfy UK political and parliamentary scrutiny.Sparking this latest row over the compatibility of IFRSs with UK law is the board’s Primary Financial Statements project.The board launched the effort in 2017 with the broad ambition of improving how information is communicated through an entity’s financial statements.The board’s proposals center on the income statement, although they also make limited changes to the balance sheet and the cashflow statement.They will eventually require the board to replace IAS 1 with a new standard that sets out:new requirements for presentation and disclosure; andlimited conforming amendments to IAS 1.Once the UK has formally left all of the EU’s structures, it will continue to apply international standards. However, IFRSs used in the UK will become known as UK-adopted International Accounting Standards. The Local Authority Pension Fund Forum (LAPFF) has warned that proposals from the International Accounting Standards Board (IASB) to amend its lynchpin accounting standard could fail to satisfy the UK’s endorsement criteria following the country’s departure from European Union institutions on 31 December.In a sharply worded comment letter on proposals to amend International Accounting Standard 1, Presentation of Financial Statements, the forum warned that without “further substantial changes” the new IFRS “as it stands is un-endorseable”.LAPFF chair Doug McMurdo told IPE: “The IFRS system doesn’t stand up to legislative scrutiny. The model has been engineered to avoid dealing with going concern, capital and profits.“Each depends on the other, but the IFRS system doesn’t deal with any of them properly and/or effectively.”last_img read more

Bombora seeks extreme wave and current tester

first_imgBombora’s mWave device (Image: Bombora Wave Power) Bombora Wave Power Europe is looking to appoint a contractor to perform extreme wave and current testing in support of the company’s demonstration wave energy device.According to the tender published on Welsh government’s procurement portal Sell2Wales, the European subsidiary of Australian-based Bombora wants to determine the hydrodynamic loads that its demo device will experience from exposure to extreme waves and currents at a defined location.Therefore, the company is looking to hire a contractor that would deliver the full design of testing activities, and of a test model required to achieve the test objectives, while also specifying all components required for try-outs.Additionally, the contractor is to produce a report detailing the results of the testing to support the development of Bombora’s fully-submerged membrane-style wave energy converter dubbed mWave.The deadline to apply to the tender – set up as a two-stage procedure – has been set for October 2, 2018.To remind, Bombora Wave Power Europe recently secured £10.3 million of EU funding to support the design and testing of its mWave device.Bombora’s mWave device features a series of air-inflated rubber membranes mounted to a concrete structure on the sea floor.As waves pass over the mWave, the air inside the membranes is squeezed into a duct and through a turbine. The turbine spins a generator to produce electricity. The air is then recycled to re-inflate the membranes to prepare them for the next wave.last_img read more

If we want to save the environment, don’t legalise cannabis

first_imgThe electricity consumed by growing pot in Ontario is forecast to grow by 1,000 per cent over five yearsThe Star 24 November 2019Family First Comment: “the energy munched by the fledgling cannabis-growing business is expected to rise by 1,250 per cent in Ontario over the next five years..”And of course, all the other factors harmful to the environment – energy, water, pesticides, harm to the landscapeRead more: pot industry will not be a mellow new player on the province’s power grid.Indeed, the energy munched by the fledgling cannabis-growing business is expected to rise by 1,250 per cent in Ontario over the next five years, according to a recent study by the province’s Independent Electricity System Operator.“We’re seeing absolutely a significant increase in electricity demand because of the greenhouse growth in Ontario,” says Terry Young, vice-president of policy, engagement and innovation at the IESO.“If you forecast out five years, what we’re seeing is over a thousand per cent growth in electricity to a sector,” says Young, whose Crown corporation released a study on electrical use by cannabis growers in October.At a projected 1.258 terawatt-hour (TWh) consumption by 2024, pot producers will suck up far more energy than the 0.8 TWh the province’s auto sector used in 2018.Last year, cannabis production in Ontario — which has the country’s largest capacity — consumed just 0.09 TWh. (Recreational cannabis was legalized in Canada on Oct. 17, 2018.)But in the Leamington area alone,  Young says cannabis and other greenhouse production will increase overall electricity demand by 200 per cent by 2026 — a surge that would require a new transmission line be built.Total electricity usage in the province is 140 TWh a year, with the mining industry, at 5.06 TWh usage, being by far the largest consumer.READ MORE: read more