• Home
  • Archive by category "gvvyarcu"

Isotopic signatures of major methane sources in the coal seam gas fields and adjacent agricultural districts, Queensland, Australia [in review]

first_imgIn regions where there are multiple sources of methane (CH4) in close proximity, it can be difficult to apportion the CH4 measured in the atmosphere to the appropriate sources. In the Surat Basin, Queensland, Australia, coal seam gas (CSG) developments are surrounded by cattle feedlots, grazing cattle, piggeries, coal mines, urban centres and natural sources of CH4. The use of carbon (δ13C) and hydrogen (δD) stable isotopic composition of CH4 can identify, distinguish between and apportion specific emissions of CH4. However, in Australia there is a paucity of data on the various isotopic signatures of the different source types. This research examines whether dual isotopic signatures of CH4 can be used to discriminate between sources of CH4 in the Surat Basin. We also highlight the benefits of sampling at nighttime in warm to hot climate regions. During two campaigns in 2018 and 2019, a mobile CH4 monitoring system was used to detect CH4 plumes. Seventeen plumes immediately downwind from known CH4 sources were sampled and analysed for their CH4 mole fraction and δ13CCH4 and δDCH4 signatures. The isotopic signatures of the CH4 sources were determined using Miller–Tans plots. These new source signatures were then compared to values documented in reports and peer-reviewed journal articles. In the Surat Basin, CSG sources have δ13CCH4 signatures between −56.0 ‰ and −51.0 ‰ and δDCH4 signatures between −207.0 ‰ and −193.0 ‰. Emissions from an open-cut coal mine have δ13CCH4 and δDCH4 signatures of −60.3 ± 0.2 ‰ and −210.5 ± 0.5 ‰ respectively. Emissions from two ground seeps (abandoned coal exploration wells) have δ13CCH4 signatures of −60.7 ± 0.2 ‰ and −59.9 ± 0.9 ‰ and δDCH4 signatures of −191.2 ± 0.5 ‰ and −185.1 ± 0.9 ‰. A river seep had a δ13CCH4 signature of −61.1 ±  0.9 ‰ and a δDCH4 signature of −225.5± 1.4 ‰. Three dominant agricultural sources were analysed. The δ13CCH4 and δDCH4 signatures of a cattle feedlot are −63.0 ± 1.2 ‰ and −309.0 ± 1.0 ‰ respectively, grazing (pasture) cattle have δ13CCH4 and δDCH4 signatures of −59.9 ± 0.8 ‰ and −291.6 ± 2.4 ‰ respectively, and a piggery sampled had δ13CCH4 and δDCH4 signatures of −47.5 ± 0.2 ‰ and −300.3 ± 1.8 ‰ respectively, which reflects emissions from animal waste. An abattoir had δ13CCH4 and δDCH4 signatures of −44.3 ± 0.3 ‰ and −315.0 ± 1.3 ‰ respectively. A plume from a waste-water treatment plant had δ13CCH4 and δDCH4 signatures of −47.6 ± 0.2 ‰ and −177.5 ± 1.4 ‰ respectively.last_img read more

Charity with links to property industry to be investigated over ‘serious concerns’

first_imgHome » News » Charity with links to property industry to be investigated over ‘serious concerns’ previous nextRegulation & LawCharity with links to property industry to be investigated over ‘serious concerns’The Charities Commission says it has been alerted to concerns about The Ashley Foundation and its founder and former CEO Lee Dribben.Nigel Lewis23rd April 202002,289 Views A homelessness charity with strong links to the property industry is to be investigated by the Charity Commission over serious financial concerns.The charity is The Ashley Foundation, which operates 89 move-on apartments and four large hostels to support the homeless in the North East including in Blackpool, Blackburn and Sunderland and was founded in 1997 by local property investor Lee Dribben.Until February this year he was a director of the charity, and its CEO.The Charities Commission says it has been alerted to concerns about purchases of luxury goods on Dribben’s personal credit card, which were reimbursed by the charity.The purchases do not appear to be linked to the day to day activities of the charity, and so investigators will probe whether the transactions were reasonable and in the charity’s best interests.“The Commission is also aware that charity properties were sold to a third party and then re-sold on the same day for a significantly higher value,” a statement says.“The properties are now being managed by the charity under a management agreement with a third party, the terms of which raise potential concerns.”Statutory inquiryA serious nature of the commission’s investigation mean it is to open a statutory inquiry into the running of the charity which will look at wider issues including the financial management and controls of the charity.The Ashley Foundation has nine active directors which includes Dribben’s son Ashley, who works as an estate agent in Manchester.Its latest accounts lodged with Companies House show the charity has assets worth £4 million, and in 2018 made a consolidated profit of £3.35 million.Most of its income comes from housing benefit paid to it by residents who use its accommodation, but also local authority contracts and grants.The Ashley Foundation Lee Dribben charity April 23, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

Commentary: When Faith Whispers In The Dark

first_imgCommentary: When Faith Whispers In The DarkDecember 25, 2018  By John KrullTheStatehouseFile.com PARIS, France – The moon glows high and full in a cloudy sky above the Notre-Dame Cathedral.Below, the prayerful, the penitent and the merely curious enter its doors. They are among the 12 million people per year who seek solace or stimulus in this massive Gothic structure, built more than 800 years ago as a tribute to God.John Krull, publisher, TheStatehouseFile.comBecause it is the Christmas season, the stream of visitors is steady. Some kneel and make the sign of the cross. Others bow their heads in silent prayer. Others simply stop and stare, stunned by contemplation of something so large, so beautiful, so enduring.I always have to be reminded of the hold faith has on the French soul.Because Paris, in particular, is so worldly, so stylish, so chic, it is easy to overlook the powerful and abiding presence of religion here.Many years ago, when I first traveled to France, I hiked my way up the hilly, twisty lanes in Montmartre to the Sacre-Coeur Basilica as the day faded. When the sun dropped low in the western sky, the white of the cathedral walls seemed to shimmer in the dimming light.I lingered then and there, trying to will the moment and light to linger with me. But night fell, and I was left with a potent memory that I had sensed something sublime, a touch of the otherworldly as I stood on this very real earth.On that same trip, I traveled to Chartres to see the famous cathedral. Constructed, like Notre-Dame, over decades in the 12th and 13th centuries, it is a marvel of art and architecture, a sight of surpassing beauty.I followed a tour guide, a retired academic in late middle age wearing a frayed blue suit, through the church. He walked the small group of us up to each of the famed stained-glass windows. He explained that the windows weren’t simply pieces of exquisite art, but teaching tools designed to instruct on questions and stories of faith.In an age in which few were literate, the windows could inform the faithful in ways that words could not.The windows, beautiful though they are, are not what has drawn pilgrims for centuries to Chartres.Somewhere in the cathedral’s catacombs lies the Sancta Carmisa, supposedly the tunic worn by the Virgin Mary when she gave birth to Christ.Year after year, decade after decade, century after century, the faithful came to Chartres, eager, sometimes, desperate for the Virgin Mother’s intercession.Even when I was still a young and somewhat callow man, the thought of so many souls aching for a whisper from the divine, moved me. Inside that gorgeous cathedral, with the celebrated centuries-old stained-glass windows staring down at me, I bowed my head and offered a prayer for all who had come to this place hoping for God’s blessings.The memory stirs me still.I watch as the mass of humanity moves in and out of the Notre-Dame Cathedral. Many come, it is true, just to gawk.But many others come because a church – any church, this church – is a place of refuge in a troubled world. It is where we go when the light of our lives seems to dim, and we seek the warmth of something greater than ourselves.This is a turbulent time, one filled with confusion, pain and fear.This church, though, has seen many such times through the ages, and offered refuge along the way to souls too numerous to count.It does so still.A street band behind me begins to play holiday tunes. I listen and smile.I look up at the night sky, the clouds and the full moon that seems both so close and so distant at the same time, and I watch the people move into the old church that seems almost as eternal as the sky and moon.Something within me whispers of peace.My head bows.John Krull is director of Franklin College’s Pulliam School of Journalism, host of “No Limits” WFYI 90.1 Indianapolis and publisher of TheStatehouseFile.com, a news website powered by Franklin College journalism students.Print Friendly, PDF & EmailFacebookTwitterCopy LinkEmailSharelast_img read more

Praise for Dr. Patricia McGeehan

first_imgTo the Editor:It has been the ultimate privilege and pleasure to know Dr. Patricia McGeehan. A better teacher or principal there has never been. A better superintendent, we in Bayonne have never witnessed. The children always came first. That was her priority. As a parent, education has always been a matter of considerable significance. I’ve been so thankful a woman with your knowledge and persona was in charge for so many years. You are truly one of the most remarkable, totally caring, with your whole heart and soul woman I have ever met. You always gave 150 percent of yourself. I have always admired you. You have always been so kind and considerate and I and so many others appreciate all that you’ve done. Your goal was to focus on working hard and every child simply felt the motivation you were trying to instill in them. All the children would always rally around you as a teacher, no matter where you were. There are very few people in your caliber. All your dedication and hard work has never gone unnoticed. I wish you the best on your new journey but always remember there could never be a replacement for you, with all the exceptional qualities you have shared with so many parents and students over the years. I and so many others want you to know, it is our turn to rally around you and honor you for all that you’ve unselfishly given us and our children.ANGELA GOFFlast_img read more

Auto Buffs Marvel Over Exotic, Dream Cars at Ocean City Show

first_imgSleek, high-end sports cars got the crowds revved up at the Ocean City Cars & Coffee Show. By Donald WittkowskiMatthew Gabriel paused for a moment while trying to estimate the value of all of the 122 exotic, luxury and vintage cars gracing the grounds of the Ocean City Tabernacle on Saturday.Certainly, it was in the millions, he acknowledged. Then, he set his sights higher, guessing that it was in the tens of millions. Finally, he settled on around $100 million.Gabriel, a 19-year-old college student who organizes the annual Ocean City Cars & Coffee Show, smiled when that staggering amount of money registered in his mind.But who’s counting?What was really important was that auto buffs got a chance to marvel over some of the rarest, fastest and most gorgeous cars on the planet – and perhaps dream that someday they would be sitting behind the wheel as their owner.Danny Paolillo, 16, of Holmdel, Monmouth County, and his friend, Phillip Yurgin, 17, of Mullica Hill, Gloucester County, took plenty of time to admire a 2014 Mercedes-Benz SLS AMG Black Series with gullwing doors. The car’s estimated value is between $500,000 and $600,000.“If there’s one car in the world that I could have, this would be it,” Yurgin said. “It is so cool. I think it looks sleek, especially in black.”Phillip Yurgin, 17, left, and his friend, Danny Paolillo, 16, check out a flashy 2014 Mercedes-Benz SLS AMG Black Series.Paolillo said his dream car is a Ferrari 250 GTO, a stunning piece of automotive history produced by the famed Italian auto maker in the 1960s. One of them sold for $38 million during a California auction in 2014.With no Ferrari 250 GTOs to be found at the Cars & Coffee Show, Paolillo said he would gladly settle for the Mercedes SLS AMG.“This car is extremely exclusive and extremely expensive,” he said. “You usually don’t see the Black Series. It’s extremely rare.”Gabriel, who has organized the Cars & Coffee Show for three years, noted it is one of the few places where ultra-exotic autos such as Black Series Mercedes-Benzes, Ferraris and Lamborghinis are on public display.“It’s stuff that you don’t get to see every day,” he said.Ocean City Cars & Coffee Show organizer Matthew Gabriel, left, is joined by his mother, Colette, sister, Juliette, and father, Sam.For the record, Gabriel, a sophomore majoring in entrepreneurship at High Point University in North Carolina, drives a 2017 Ford F-250.“I just picked it up,” he said of the black truck.Relying on social media to promote the show, Gabriel was able to summon car owners from New Jersey, Pennsylvania, Delaware, New York and Maryland to come to Ocean City on Saturday.Lining the Ocean City Tabernacle grounds was a striking collection of Ferraris, Lamborghinis, Mercedes-Benzes, Aston Martins, Bentleys, Porsches, Maseratis, Corvettes and other high-end cars.Another highlight of the show was the lineup of vintage cars, including a 1934 Packard convertible owned by Dick Jones, a 78-year-old retired banker who lives in Naples, Fla., and has a summer home on Ocean City’s bayfront.Resplendent in a lush Washington blue color scheme and beige leather interior, the Packard has all of its original parts except for the engine, Jones said.He bought it, fully restored, in 2009 for $99,000.“I’m a banker. I don’t like to get my hands dirty,” Jones joked of leaving the restoration work to someone else.Dick Jones takes the wheel of his 1934 Packard convertible, a car that he bought for $99,000 in 2009.Jones recently sold another vintage car he owned, a 1931 Ford Model A convertible. Along with the Packard, he has a 1939 Ford Deluxe convertible.His previous home in Florida had only enough garage space for his Deluxe convertible and a golf cart. So, he decided to buy a new home in Naples – one that has a big enough garage to accommodate his Packard, too.Now that’s a man who really loves his car.last_img read more

News story: Fake ID gang jailed

first_img The criminal business that Kanaventi and Adekoya were running was designed to undermine the fundamental immigration rule that if you have no legal status in the UK, you have no right to work. Their customers hoped that the fake documents would be enough to convince prospective employers that they were entitled to work, in turn allowing them to a build a life for themselves in the UK to which they were simply not entitled. By bringing Kanaventi, Adekoya and their associates to justice we have stopped a concerted, systematic and financially motivated assault on the UK’s immigration system. Paul Kanaventi, 37, of Forster Street, Nottingham Victor Ariyo, 53, of Rye Hill Park, London Madalitso Majawa, 33, of Ombersley Close, Redditch Steven Kanaventi – 3 years 4 months and 2 weeks Adekoya – 3 years 4 months and 2 weeks Paul Kanaventi – 9 months Azeeza – 4 years Ariyo – 3 years Nkanta – 1 year 4 months Majawa – 6 months CFI will now pursue the confiscation of £135,000 of cash under the Proceeds of Crime Act which was sitting in a bank account belonging to Ariyo. The criminal organisation was dismantled following an operation led by Immigration Enforcement’s Criminal and Financial Investigation (CFI) Team.From late 2015 until June 2017, officers gathered evidence which ultimately led to the conviction of 7 conspirators from Coventry, Nottingham, Redditch and London.Over the course of their investigation, officers unearthed wide-scale distribution of British passports, British residence permits, degree certificates and Constructions Skills Certification Scheme (CSCS) cards – all of them fake. Prices ranged from £900 for a passport to £200 for the CSCS card and degree certificate.The gang was led by Steven Kanaventi, 39, of Mulliner Street, Coventry, and Alfred Adekoya, 47, of Kingslake Street, London. They were jailed at Woolwich Crown Court today (26 January) and each sentenced to 3 years 4 months and 2 weeks imprisonment having pleaded guilty to conspiracy to manufacture a fake document at an earlier hearing.Inspector Ben Thomas from CFI said: Ben Thomas said: Steven Kanaventi was a particularly brazen operator, to the extent that his social media alias – Chris Namatchanga – was a clear play on words of ‘name changer’. Kanaventi was involved in every part of the Midlands operation. He set the prices, he placed the orders with his forger Ariyo and he was even caught on CCTV posting the counterfeit documents to his customers. Adekoya was arrested on 20 June last year after making an exchange inside a betting shop in Woolwich with a man subsequently identified as Luke Nkanta, 29. When Adekoya was stopped and searched shortly after the transaction had been made he was found in possession of 3 counterfeit British passports.When Nkanta, of Wordsworth House, Woolwich, was stopped he was found with an envelope containing a counterfeit British passport.Also arrested on 20 June was Abdul Azeeza, 57. When officers raided his home address in Missenden, Inville Road, they found him in possession of a fake residence permit, a fake passport as well as some of the paraphernalia – including specially adapted tools for dismantling passports, threads for stitching, paint thinners and laminating equipment – used in the manufacture of fake ID documents. He also had numerous orders for fake documents, some on his phone and some completed on betting slips.Kanaventi was arrested at his home address just over a week later on 28 June. Arrested on the same day, each at their home addresses, were 3 accomplices: Like Adekoya and Steven Kanaventi, Ariyo, Azeeza, Paul Kanaventi, Nkanta and Majawa had pleaded guilty at an earlier hearing. Ariyo admitted conspiracy to manufacture a fake document and money laundering. Azeeza admitted possessing fake documents and possessing equipment with the intention of making fake documents. Paul Kanaventi admitted money laundering. Nkanta and Majawa both admitted to possessing fake ID documents with improper intention.The full breakdown of the sentences passed today at Woolwich Crown Court are:last_img read more

Press release: Sword-wielding Bristol murderer to spend longer in prison

first_imgA man who murdered his friend with a martial arts weapon has today had his sentence increased after the Attorney General, Geoffrey Cox QC MP, referred his sentence to the Court of Appeal for being too lenient.Kerr Somers, 29, and Nathan Jones, 39, had been out drinking in Bristol together when they got into a fight. After leaving the pub, Somers returned home, armed himself with the sword, and hid in a hedge that he knew Jones would pass. Somers then snuck up behind Jones and stabbed him with such force that the sword penetrated all the way through his body. He later claimed that he had acted in self-defence.Somers was originally sentenced at Bristol Crown Court in July to life imprisonment with a minimum term of 18 years. Today, after the Attorney General’s referral, the Court of Appeal increased his minimum term to 21 years.Commenting on the increase, the Attorney General said:“Somers’ brutal attack on Nathan Jones was just the latest in a series of violent offences. The Court of Appeal’s decision today ensures greater public protection from this dangerous individual.”last_img read more

Market reaction

first_imgIt started three years ago as an audacious experiment to invert the venerable Harvard Business School case-study model: Push fledgling M.B.A. students out of the classroom nest and fly them around the globe to take up real-world business challenges on their own turf.Now, the Field Immersion Experiences for Leadership Development program, or FIELD, is a transformative core piece of the first-year M.B.A. curriculum, matching scores of companies and organizations in far-flung, emerging markets in need of intellectual capital with hundreds of students who want an opportunity to develop and test their skills and ideas in consequential ways.Felix Oberholzer-Gee, the Andreas Andresen Professor of Business Administration, said the impetus for the program stems from research showing that when companies go global, they often find it difficult to replicate their local success because of the many ways that businesses must adjust as they enter an unfamiliar environment.“FIELD 2 is all about making students familiar exactly with this process,” said Oberholzer-Gee, who oversees this second module of the three-part course in his role as senior associate dean for international development. He led the first FIELD group to work with businesses in Cambodia earlier this month.“Even people who have long global careers, they tend to be overly optimistic about how much they already know and how much of that will be valuable or work in this foreign market,” said Oberholzer-Gee.He said the students “do great research before they go there, and they are quite confident that they can do something in a short period of time that’s quite valuable. And then in Day 1 or 2, you see mild panic: ‘Oh my God, it’s not quite what we thought it would be.’“It teaches HBS students something for which they’re not exactly well-known, and that is humility,” he said. “You have to go into these markets, and you have to be quite humble about what works and what doesn’t work and how much of your previous experience is applicable to a particular market.”Immersion in three phasesIn the first phase of FIELD, all 932 first-year M.B.A. students spend the fall in small teams developing and testing an innovative conceptual product or service for the U.S. market, and researching market conditions in the city of their partner company.Then in early January, the students jet off to locations around the world to work with one of the businesses participating in the program, refining, testing and presenting their concepts to company executives during a frenetic, eight-day visit. This year’s FIELD teams wrapped up that visit last week, and will share their team projects and experiences with their home sections when they return to campus on Jan. 27.For FIELD 3 in the spring, student teams use their enhanced entrepreneurial and marketing skills to design and launch a microbusiness, first pitching those ideas to other student sections and participating in a stock market simulation. Teams that are ready to launch their product or service present in late April on “Launch Day.” The course culminates in May on “IPO Day” when teams present to their sections and to a panel of alumni judges who select the top three teams in each section. Those finalists present to the entire class and a winner is named by the panel. Students with projects that don’t make the cut must analyze why the business didn’t live up to expectations, what they might have done differently, and why other projects succeeded.Navigating challengesIn all, about 149 companies were selected for this year’s FIELD 2 in 16 cities in South America, Asia, Europe, and Africa, ranging from the almost fully developed Shanghai and Mumbai, India, to the delicate and struggling economies of Accra, Ghana, and Phnom Penh, Cambodia.“There’s a variety of factors that we consider, but the key one is what kind of experience can we deliver to students,” said Alan D. MacCormack, M.B.A. Class of 1949 Adjunct Professor of Business Administration, who led 54 students to Lima, Peru. “And we thought that where Peru’s economy is in terms of being rapidly growing, they’ve got pretty good economic fundamentals. And the kinds of firms that we were likely to encounter there would be good places to host teams.“So it’s a mixture of what’s the student experience going to be like, what’s the environment like for business, and how easy do we think it will be to recruit companies with the kind of projects that we want to undertake,” said MacCormack.“And, as you might imagine, in January, going to the Southern Hemisphere is rather popular with the students.”The nine teams worked on projects for local businesses that included a chain of movie theaters, a banking conglomerate, and a restaurant group owned by a renowned local chef. Each team took on specific product- or service-oriented challenges set forth by the businesses. The challenges involved customers: attracting new ones, maintaining and extending existing ones, testing their brand loyalty.Failure and frustration are woven into the FIELD experience, said MacCormack.“It really relies upon iterative trial-and-error experimentation. So understanding what’s the problem or what’s the need, brainstorming solutions to the problem or need, and then prototyping solutions and getting feedback,” and then starting all over, is essential to learning.“I would say nine times out of 10, they realize the thing they came up with in Boston is just never going to work, and that’s part of the pedagogy,” he said.Letting go of preconceived suppositions and stepping outside one’s comfort zone are integral to the program’s success.“Part of going to an emerging market is experiencing an emerging market,” said Anthony J. Mayo, Thomas S. Murphy Senior Lecturer of Business Administration. “The other part is the fact that they worked on a team with six people whom they didn’t know on a project that they didn’t choose. So how did they navigate the challenges?”Mayo, along with Henry W. McGee, a senior lecturer of business administration, joined 90 students in the capital city of Accra, Ghana. “It’s hard to really know what to expect in Ghana. Of all the markets we go to, it’s probably the most emerging or least developed. The infrastructure is very fragile. The road systems, the traffic is horrible, there’s massive poverty, the income disparity.“You get a completely different appreciation of emerging markets when you go to a country like Ghana, which is really on the cusp … but there’s a long way to go,” said Mayo.On the first day, students working with wireless phone businesses, banking firms, and a company that makes shea-butter products were asked to go across the city to identify potential customers and do a photo project describing what they encountered. Mayo said many were “taken aback” by what they saw, using words like “disparity, chaos, confusion,” but also terms such as “entrepreneurial and bustling and energy.”“I think you can’t really experience the sort of chaos and energy and frenetic sense without being there. You see overwhelming poverty in a way that in many emerging markets is very compartmentalized,” he said. “In Ghana, you can’t get away from it.”For the teams that went to Buenos Aires, Argentina, expecting that they weren’t going to face the same fundamental business obstacles as those working in Ghana, the trip was a bit surprising, said Heidi K. Gardner, an assistant professor of business administration. “It’s a country of enormous potential, and yet it consistently underperforms expectations,” said Gardner.“I think they really had their eyes open once they got on the ground to what the local challenges were, and those ranged from seemingly capricious regulations in the telephony market: very rapid, sudden changes that the partner organization had to react to … rather than being able to step back and think strategically and operationally,” as well as great inflation, she said.“And I think they saw a stratification of Argentinian society at a level that’s perhaps a little hard to understand until you get there,” said Gardner.Ultimately, some of the most meaningful insights and learning come where students least expect it.“In some ways, FIELD 2 is designed, of course, to learn certain objectives we have that are pedagogical. But it’s designed to create options for all sorts of lessons that will come out of interactions with local people,” said MacCormack. “We can’t predict up front what they are, but we observe them when they happen, and it’s just fantastic.”last_img read more

CVPS and GMP file merger petition with Public Service Board

first_imgGreen Mountain Power Corporation (GMP) and Central Vermont Public Service (CVPS) today filed a petition with the Vermont Public Service Board (PSB) for the planned acquisition of CVPS by Gaz Métro Limited Partnership (Gaz Métro) and the merger of GMP and CVPS into one, stronger utility. Gaz Métro, GMP and CVPS announced in July the acquisition and the agreement to merge that provides significant benefits for customers, community, employees and shareholders, including a commitment to $144 million in customer savings over 10 years, a public ownership interest in VELCO, and the establishment of the Headquarters for Operations and Energy Innovation in Rutland.”Today’s filing with the PSB represents an important step in the process of combining two great Vermont companies,” said Mary Powell, President and CEO of GMP and Larry Reilly, President and CEO of CVPS. “CVPS and GMP have a long history of bringing affordable, clean and reliable power to our customers. This combination is a unique opportunity that will allow us to deliver lower rates and higher quality service than if the companies continued to operate as stand-alone entities — while maintaining the strong local bonds that set Vermont utilities apart.”The combination of CVPS and GMP will produce $144 million in customer savings over the next decade. The merger will generate permanent cost reductions and customer savings will grow to as much as $500 million over a twenty-year period. Due to the commitment to no layoffs, as well as the complexity of the integration, the full realization of annualized savings will take six years to achieve. During that time, the new combined company would share in anticipated savings while ensuring that customers receive $144 million of cumulative benefit over the first 10 years.The agreement also includes other benefits in addition to customer savings. The new combined company will transfer 33% of the voting shares in VELCO, Vermont’s transmission utility, to a new public benefit entity, which will diminish the new combined company’s voting control of VELCO to less than 50%. The new public entity will provide $1 million annually — largely generated by dividend from the VELCO stock — to support a low-income rate program.The Rutland region will remain part of the new utility’s corporate identity, with the merged company locating its Headquarters for Operations and Energy Innovation in Rutland. There will be no layoffs, other than some executive officer positions due to the consolidation, nor mandatory relocation of employees. Additional benefits for the Rutland region include the establishment of a new downtown facility, $200,000 for regional economic development and support for the downtown, and new “Solar City” program in Rutland. Finally, the new, combined entity will build on CVPS’s extensive community support efforts that are already underway.The combined utility will also deliver even better service to customers in a number of ways. For example, a more contiguous service area will aid in storm recovery as resources can be deployed more uniformly than is possible today and crews from the separate utilities will no longer have to travel across the other company’s service territory to work in a district.The PSB will establish a schedule for the regulatory proceedings. The full petition can be downloaded at http://www.greenmountainpower.com/about/gmpcvpsmerger.html(link is external).This press release is for informational purposes only. Statements that are not historical facts are forward-looking and involve risks and uncertainties that could cause actual outcomes or results to materially differ from those expressed in this release. Readers are cautioned not to place undue reliance on these forward-looking statements and such statements speak only as of the date of this release. MONTPELIER, VT–(Marketwire – September 02, 2011)last_img read more

Central Islip Man Arrested for Fatal Hit-and-Run

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 30-year-old Central Islip man was arrested Friday for leaving the scene of a fatal hit-and-run in November, Suffolk County police said. After a nearly two-month investigation, Suffolk County police Vehicular Crime Unit detectives arrested Joseph Melendez for the Nov. 9 crash that killed Lorenzo Fuentes and charged him with leaving the scene of an incident without reporting involving a fatality.Police said Fuentes, 64, of Central Islip, was walking eastbound on Motor Parkway at Highland Road around 4:50 a.m. when he was struck. The driver fled the scene following the crash, police said. Fuentes was pronounced dead at the scene. In a news release describing the incident, police said they were searching for a metallic-colored, late-model Dodge or Chrysler with damage to the front and passenger side of the vehicle. Melendez is expected to be arraigned Friday at Suffolk County Court in Riverhead.last_img read more