New Vermont Hydro-Québec contract to start below current contract price

first_imgVermont utilities’ new contract with Hydro-Québec will begin in 2012 at rates below the existing contract, which phases out over the next five years. Central Vermont Public Service (NYSE-CV) and Green Mountain Power today filed information with the Vermont Public Service Board that shows a starting price of $58.07 per megawatt-hour. The PSB will hold technical hearings on the proposed contract beginning on Wednesday, Jan. 19, 2011.‘We are extremely pleased with the deal we negotiated and with the starting price we will pay,’ CVPS President Bob Young and GMP President Mary Powell said in a joint statement.  ‘We pride ourselves on providing a low-carbon, high-renewable power supply at affordable rates, and this contract will help us retain a competitive position in the region while helping control the air impacts of our supply.’Under the agreement, which the PSB is reviewing, Vermont utilities will purchase up to 225 megawatts of energy, predominantly hydroelectricity, from H.Q. Energy Services (U.S.) Inc. (HQUS) starting in November 2012 and ending in 2038. HQUS markets electricity from Hydro-Québec’s generating fleet, whose output is 98 percent hydroelectric.While the contract was negotiated by CVPS and GMP, HQUS is also selling energy in selected amounts to every other Vermont utility. Those utilities are Vermont Electric Cooperative Inc., Vermont Marble Power Division of Omya Inc., Washington Electric Cooperative, the Town of Stowe Electric Department, the City of Burlington, Vt., Electric Department, and Vermont Public Power Supply Authority on behalf of its 13 municipal electric utility members.The agreement includes a price-smoothing mechanism that will help shield Vermont customers from volatile market prices. This starting price, while for a somewhat different category of power service, is about 12 percent lower than the existing contract’s expected 2012 price. ‘Any time we can replace something that has served us exceedingly well for decades under pricing terms that are lower while being shielded from the market’s high volatility, that is an improvement and a significant accomplishment,’ Young and Powell said.‘The agreement will provide reasonable price stability and an initial small reduction in the cost of one slice of our power portfolio,’ Young and Powell said. ‘This is a very attractive deal for Vermont and a significant accomplishment on behalf of our customers and the customers of the other participating utilities.’Young and Powell thanked the Douglas Administration for its help in working with Québec in the months leading up to the contract signing this past summer, and the Shumlin Administration for its continued support to gain approval from the PSB. ‘Governor Douglas, Lt. Governor Dubie and Governor Shumlin have been uniformly supportive of our efforts to produce a valuable contract for Vermonters,’ Young and Powell said. ‘There has been a tremendous collaborative effort between utilities, the two administrations and officials in Québec.’Source: CVPS. GMP. 1.13.2011last_img read more

In Illinois coal country, a town takes up solar

first_imgIn Illinois coal country, a town takes up solar FacebookTwitterLinkedInEmailPrint分享Belleville News-Democrat:Chad Easton, Marissa’s new 37-year-old mayor, has found himself in the unlikely position of promoting solar energy as a way to help the former coal community cope with high power costs.Plans call for construction of two solar farms, one 5 acres and one 11 acres, on village property on the west edge of town. Officials expect them to eventually provide all the electricity for the wastewater-treatment plant and most of it for other village buildings, saving thousands of dollars a year.Officials also hope residents of Marissa’s 818 homes will consider buying electricity generated by the solar farms, becoming part of a solar boom in Illinois and possibly saving money on utility bills. The two village projects are separate from a 26-acre solar farm proposed by Colorado-based Microgrid Energy on private property on the east edge of town. Its purpose would be adding electricity to the Illinois power grid through the state’s new community solar program.Microgrid has applied for a special-use permit from the village. Easton is the first Marissa mayor in decades without a coal-mining background.  The decline of coal hit Marissa hard. Its population has dropped from a peak of 2,568 in 1980 to an estimated 1,836 in 2016. Decreases in sales, income and property tax revenue have forced village officials to tighten their budgetary belt, Clerk Laumbattus said.Last year, Mayor Cross asked Easton — then a new trustee and chairman of the utilities committee — to look into possible ways to save on electricity. Power bills were running $7,000 to $10,000 a month at the wastewater-treatment plant alone. The board negotiated with a new supplier, lowering its rate from 5.2 to 4.2 cents per kilowatt hour.StraightUp and SHINE plan to start construction on the 5-acre solar farm on Marissa village property this year. By next spring, officials expect it to be generating 40 percent of electricity for the wastewater-treatment plant at a cost of 4 cents per kilowatt hour, a rate locked in for 25 years.The adjacent 11-acre solar farm is expected provide the plant’s remaining 60 percent and most of the electricity for other village buildings. Power also would be available for purchase by any Ameren customer.More: Coal was king in this Illinois town for generations. A young mayor is betting on solar.last_img read more

How your credit union can prepare for the coronavirus

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The news concerning the possible spread of the novel coronavirus (COVID-19) in the United States can be unsettling. While the full domestic impact remains to be seen, credit unions can take proactive measures by anticipating possible business impacts, calculating potential responses and reviewing emergency preparedness plans.As the situation unfolds, credit unions may want to analyze and test their possible responses to some of the potential social and market impacts.Potential Market Impacts:Decreased branch and ATM trafficPossible interruption or reduction in paychecks for some members (disrupted supply chain/fewer work hours/closings)Delayed demand for traditional auto and mortgage loansInitial spike and later decline of in-person retail shoppingIncreased online buying and delivery of goods and groceriesTravel and entertainment sectors might see declines in attendance and spendingDeposit balances might increase as a net result of the above and stock market volatilityFederal Reserve intervention – additional liquidity and reductions in the federal funds rateAdditionally, it could be helpful to remind your members about some of the built-in advantages of credit union membership, particularly your payment vehicles.last_img read more

ATP unveils revised rankings systems due to COVID-19 stoppage

first_imgThe men’s Tour will resume on Aug. 14 with the Citi Open, ATP 500 event in Washington, D.C.Among the key elements of the revised system, a player’s ranking will now be comprised of his “Best 18″ results over the 22-month period. A player cannot count the same tournament twice in his breakdown.The ATP also said tour-level tournament points added in 2020 that count in a player’s ranking breakdown will remain on a player’s ranking for 52 weeks, or until the event in question is played again in 2021, whichever comes first.”The temporary changes to the rankings system have been made in consultation with the four Grand Slam tournaments and the ITF,” the ATP said in a news release.”Should the 2021 season be impacted by COVID-19, further adjustments to rankings will be considered.” Topics : A revised system for calculating world rankings when the tennis season resumes in August following a five-month stoppage due to the COVID-19 pandemic was unveiled by the governing body of men’s tennis (ATP) on Monday.The rankings, a determining factor in a players’ ability to enter events and receive seedings, traditionally operate on a “Best 18” results basis over 52 weeks but will now cover a 22-month period from March 2019 through December 2020.International tennis ground to a halt in mid-March, with Wimbledon being cancelled and the French Open being moved to September, and rankings were frozen.last_img read more

Astros, Gerrit Cole go through arbitration hearing

first_imgThe Astros and starting pitcher Gerrit Cole are in arbitration this week.Cole’s hearing was Monday and the arbitrators overseeing the case are expected to rule sometime this week, according to The Associated Press. Cole, 28, is coming off of a career year with the Astros in which he went 15-5 with a 2.88 ERA in 32 starts. He struck out 276 batters in 200 1/3 innings. Related News The right-hander asked for $13.5 million while Houston posted an offer of $11.425 million. Players and teams have split six arbitration decisions this year, with four more hearings scheduled. Carlos Correa wins arbitration case with Astros, will earn $5M in 2019 The 2011 No. 1 pick was paid $6.75 million last season.The Astros earlier lost their arbitration case withCarlos Correa, who will be paid $5 million this season, and avoided arbitration with Chris Devenski, who they signed to a one-year contract with an option for a second.last_img read more

When do the Raiders play at home? Best bets for spending a 2020 NFL weekend in Vegas

first_img2020 NFL SCHEDULE RELEASE:Strength of schedule rankings | Best ‘revenge’ gamesReally, it doesn’t require an NFL team moving to Vegas to do what happens in Vegas on any given weekend, including wagering on wall-to-wall NFL games that are nowhere close to there. Just consider it one more excuse to plan a football-themed Vegas weekend, whether it’s responsible viewing in a stadium or sportsbook. The Raiders will break in their new digs wth a marquee Monday night Week 2 game against the Saints on Sept. 21. Six of their remaining home games will be on Sundays, with one Thursday night affair against the Chargers in Week 15 on Dec. 17.WEEK 1 BETTING LINES: Raiders-Panthers is a pick ’em gameKnowing that, and looking at the tentative college football schedule, here are the dates around when you should be looking to socially distance near the Raiders’ new home during the 2020 NFL season:1. Week 4: Las Vegas Raiders vs. Buffalo Bills (Sunday, Oct. 4)The opener vs. the Saints would be a hard ticket to get if avaiable and it’ll be two days after all the college games will have been played. But get to Vegas for a weekend on Friday, Oct. 2, and you’re in business for both footballs.A USC vs. Utah Pac-12 clash that night will open the fun. There are also plenty of good appetizers on Saturday, highlighted by Baylor vs. Oklahoma and Penn State vs. Michigan during the day and going all the way through to the nightcap of Notre Dame vs. Wisconsin in Lambeau Field. Whether or not you’re in the Bills Mafia and just want some taste of the game if you can’t be there, this full weekend is an excellent way to start.2. Week 7: Las Vegas Raiders vs. Tampa Bay Buccaneers (Sunday, Oct. 21)Before you see Tom Brady play in Las Vegas for the first time and remind the Raiders what they might have had this season as the teams meet in a rematch of Super Bowl 37, you can really soak it all in. If you’re so incliined and you’re allowed to attend live games, you can see UNLV host Colorado State in Allegiant the day before.Elsewhere, you can bet on Bedlam (Okahoma vs. Oklahoma State) and another big-time Big Ten matchup (Ohio State-Penn State). You can keep it rolling through Saturday, honoring former Raiders coach Lane Kiffin by watching some Florida Atlantic, some Ole Miss and then Alabama vs. Tennessse.3. Week 10: Las Vegas Raiders vs. Denver Broncos (Sunday, Nov. 15)Let’s be completely honest: You know it’s one of those college football weekends when Clemson is hosting The Citadel and Alabama brings in Tennessee-Martin. But then you realize it’s November and it’s getting colder and it’s nice to be in the desert where you can still golf comfortably during the day and go clubbing uncomfortably at night.You still have plenty of nice conference games to watch indoors and you can keep it going very late on Saturday/early Sunday with hometown UNLV playing at Hawaii.4. Week 11: Las Vegas Raiders vs. Kansas City Chiefs (Sunday, Nov. 22)It’s just short of Rivalry Weekend and Thanksgiving, but you’ll be fine regardless with Patrick Mahomes headlining some combination of Cirque Du Soleil show and magic act right off the Strip. You still get to watch two nice SEC matchups — Texas A&M vs. Alabama and LSU vs. Auburn — and there’ll also be a pretty loaded Pac-12 slate to take care of you on Saturday. Unfortunately, this is the last full college football weekend during which the Raiders are also home, so you should think about taking advantage of that if you want to maximize the action.5. Week 14: Las Vegas Raiders vs. Indianapolis Colts (Sunday. Dec. 13)There’s a chance the Raiders might still be looking for their first home win this late given the level of competiton they’re inviting to Allegiant. There’s a pretty big college football game still left at this point, too, with Army-Navy set for that Saturday in Philadelphia. There’s always (hopefully) the heart of the new NBA and NHL seasons (maybe the Golden Knights will be at home, too) to round out a late-season weekend as you try to earn some extra holiday cash.SCHEDULE WINNERS & LOSERS: Rough early stretch may doom Raiders The Raiders’ home schedule for their first season in Las Vegas is out, and though there is much uncertainty about whether home and away fans will be able to attend those inaugural games because of coronavirus-related restrictions, there is still plenty of buzz about the NFL’s newest city.Whether or not there will be crowds in Allegiant Stadium, having the league play games adjacent to Mandalay Bay and the southern part of the Las Vegas Strip adds another reason to go to the Mecca of legal gambling this fall. 6. Week 16: Las Vegas Raiders vs.  Miami Dolphins (Sunday, Dec. 27)This is last but it’s not least, because this might become the easiest Vegas ticket for an outsider to get this season, given that it falls between Christmas and New Year’s Day. The Dolphins may be ending another shaky season, which will make it hard for their fans to leave South Florida for somewhere colder more than 2,500 miles away.Getting there before Friday will be good, so you can settle in for the Vikings-Saints holiday special and unwrap the traditional marquee NBA games. You can also go crazy betting on random bowl games and putting down final futures for both the College Football Playoff and Super Bowl 55It’s all just Vegas, baby. Just Vegas.last_img read more

1285 new COVID-19 cases reported in Iowa over weekend, no new cases in our listening area

first_imgCerro Gordo266 Worth 31 1 Butler342 11 12 21321 14121 Wright21 Franklin11132 Hancock 321 DES MOINES — 1285 more cases of COVID-19 and 14 more deaths were reported in the state of Iowa over the weekend.The Iowa Department of Public Health on Saturday reported 757 new cases and five more deaths, while on Sunday the department reported 528 more cases and nine new deaths. That brings the total number of confirmed cases in Iowa to 9169 with 184 deaths. 3325 cases have been confirmed as recovered.No new cases were reported in our immediate listening area, where there’s been a total of 41 cases in Cerro Gordo and the eight surrounding counties plus Kossuth County. The number of area cases fully recovered increased by two over the weekend and now stands at 25. Four patients in the area remain listed as hospitalized.center_img 1 21 1 Area Total01018112410254 Confirmed CasesChildAdult (18-40)Middle (40-60)Older (60-80)Elderly (81+)TotalDeathsRecoveredHospitalized 22 1 Kossuth11 Mitchell Floyd Winnebago11 92last_img read more