Green Mountain Power to pay out $21 million in savings to CVPS ratepayers over four years

first_imgGreen Mountain Power Corp,by Andrew Stein February 25, 2013 Green Mountain Power presented its plan to the state on Monday for $21 million in energy efficiency improvements for former Central Vermont Public Service customers.If the Public Service Board approves the proposed annual plan, the company’ s Clean Energy and Efficiency Development, or CEED, Fund would pay out $20.9 million over the next four years for residential and business retrofits, farm programs, renewable energy projects, weatherization upgrades and emerging technologies.The company estimates that the gross societal benefits of these programs would total $53.2 million at the end of 2017.The creation of the $21 million CEED Fund was a contentious matter in 2012, when GMP’ s Canadian parent company Gaz Métro bought CVPS and merged it with GMP ‘ giving the company more than 70 percent of the state’ s electric distribution territory.The debate over those funds originated in a Public Service Board decision made in the early 2000s. In the 1990s, the Rutland-based company and Green Mountain Power purchased electricity from Hydro-Quebec at above-market rates that eventually eroded the value of the two utilities, both of which faced bankruptcy. The board allowed CVPS to increase power rates for consumers in order to salvage the company, but with the stipulation that if CVPS were sold for higher than its book value, the windfall would be shared with CVPS customers who helped bail out the company.While some legislators and groups, such as the AARP, in the last legislative session demanded that Gaz Metro pay the $21 million windfall back to Central Vermont Public Service customers in cash, the board decided to allow Gaz Metro to put that money in the CEED Fund for energy efficiency investments. The AARP estimated that GMP owed average households $76 each.Robert Dostis, a spokesperson for Green Mountain Power, said the fund is a better investment for ratepayers than simply handing back money.‘ In the end, we’ re going to be investing $21 million, but there will be at least $53 million worth of benefits back to customers,’ Dostis said. ‘ We all know ‘¦ that when we invest in efficiency programs, the payoff to customers is significant, and it’ s long term.’In 2012, GMP invested $6 million into the fund for the state’ s weatherization program for low-income Vermonters, and in 2013 the utility plans to invest another $4 million. The company estimates that the $10 million investment will net $12 million in overall societal benefits.GMP proposes investing $1.2 million in electric efficiency programs this year that will be broken into three groups: $1 million for existing businesses to retrofit buildings and upgrade equipment; $50,000 in interest-free loans to public schools for energy upgrades, and about $150,000 for farms to improve technology and install biomass heating systems.Between 2014 and 2017, Green Mountain Power plans to invest $7.7 million more in similar electric efficiency upgrades. The company estimates that the combined $8.9 million will net about $19 million in benefits.If the board allows Green Mountain Power to break up its $2 million thermal efficiency program, the utility would invest $1.5 million in 2013 and $500,000 in 2014. Those dollars would go to residential and business energy retrofits, open-air heat pumps and condominium upgrades. The company estimates the $2 million would net $2.4 million in benefits.In the event that the board would not permit GMP to break up the $2 million over two years, the utility would eliminate the condo initiative, and the company estimates that fewer customers would be helped. GMP representatives say the utility and its partners need the additional year to more effectively implement the programs.GMP is teaming up with a range of energy organizations, including Efficiency Vermont, Vermont Energy and Climate Action Network, Vermont Fuel Dealers Association and Vermont Energy Investment Corp.Final comments on the plan are due by the end of next week, and Dostis said the utility hopes to get approval to implement the plan as soon as possible.‘ There are tight timelines and we have to demonstrate the savings this year,’ he said. ‘ In order to meet those timelines the sooner it gets approved the better.’GMP CEED 2013 ANNUAL PLANlast_img read more

U.S. News: Vermont Tech is state’s only ‘Best Value’ in Northeast

first_imgVermont Technical College,Vermont Business Magazine Vermont Tech is pleased to announce that the college has been ranked 19th among the Best Northeast Regional Colleges for 2019 in the annual best college rankings published by U.S. News & World Report(link is external). The college has risen in two important categories this year, in both the public college category and Best Colleges for Vets. As a public college, Vermont Tech ranks 9th in the Northeast region, making it one of the top 15 public colleges in the north for the seventh year in a row.Vermont Tech also ranks 17th again in the Best Value Schools and has risen to 12th in the Best Colleges for Veterans in the Regional Colleges North category and is the only Vermont college to make these lists.”We’re proud to see Vermont Tech recognized as a top college again by U.S. News & World Report,” said College President, Patricia Moulton. “This, along with our College Scorecard rankings as the 5th highest for salary after graduation and 4th lowest graduate debt in Vermont demonstrate the college’s great return on investment. Vermont Tech might be a small college, but we produce big outcomes.”U.S. News & World Report gathers data from each college on 11 indicators of academic excellence to determine the annual rankings. The indicators range from student retention, peer assessment, student/faculty ratio and more. These rankings serve as a powerful tool that allows prospective students and their families to better navigate the college search process.About Vermont Tech – Vermont Technical College is a leading public college with a mission of applied education and student-centeredness. One of the four institutions of the Vermont State Colleges System, Vermont Tech serves students from throughout Vermont, New England, and beyond at its residential campuses in Williston and Randolph Center, regional campuses in Brattleboro and Bennington, and at six nursing sites located throughout the state. Vermont Tech features state-of-the-art laboratory experience and a highly personalized classroom and student-life experience. All of our programs utilize a technological educational component, from the simulators used by our nursing program around the state, to manufacturing laboratories in Randolph Center and Williston. Our academic programs encompass a wide range of engineering technology, agricultural, health, and business fields that are vital to producing the knowledgeable workers needed most by employers in the state and in the region. is external).View Online:–news—world-report/5679(link is external)Source: RANDOLPH CENTER, VT (10/04/2018) Vermont Tech 10.4.2018last_img read more

XTERRA Wellington working towards zero waste

first_img Related XTERRA Wellington, taking place on February 1, has committed to a series of sustainability initiatives to reduce waste and lessen the event’s environmental impact on the landscape.In the first in a series of sustainability initiatives around the 2020 XTERRA World Tour, the season-opener at XTERRA Wellington on February 1 has committed to reducing waste and environmental impact by ‘doing everything it can to reduce the impact it has on the landscape.’“We believe we should protect where we play,” said Gillian Barsanti from the organizing team at the event’s on-the-ground organiser Barefoot Sport. “In fact, we go one step further and say it is our duty to improve and safeguard our land for the generations to come.“We can only run this event because of the amazing landscape New Zealand and Kāpiti has given us, and therefore we must protect it.”Running several initiatives concurrently, XTERRA Wellington will reduce the waste it creates and is aiming for zero waste produced by participants throughout the day. This means that no product supplied or purchased on site will create general waste.“We will have two bin options on site,” explained Gillian. “Compost and Recycle. Nothing sold on site will require it to be disposed of as general waste. It’s exciting. All our participants and supporters will receive reusable cups and eco vegetable reusable bags that they will be able to keep and use proudly at home. It’s like another little collectors’ item.”Bengy Barsanti, Event Director and Gillian’s husband, added, “This is one of our favourite initiatives. I always hated ending up with a bunch of useless paper and soap testers in my race pack that always ended up in the bin. We love that we have a small ability to change that. Our participants will still get the goodies they are looking for but all via a digital experience they can then use with our generous sponsors. Much better value and much more relevant.”Following a similar initiative recently seen in music events across NZ, Bengy added that he is excited they are not going it alone. “It’s just awesome. It’s great to see like-minded folks trying to do their bit. There is a real buzz around ensuring events don’t create the strew of rubbish you currently see following any festival.“Our vendors have been amazing at coming on board with our vision; and we now have full agreement from our vendors to sell no single use plastics, and all food stuff will be provided on fully compostable plates and cutlery.”In addition, all participants and supporters have the ability to purchase native trees that will be planted on the land at Whareroa Farm, one of the key pieces of land competitors will run and bike over, and the trophies all are all made from reclaimed Totara that was going to rot on the farm and has been transformed by the Kāpiti Menzshed.Ann Evans from the Whareroa Guardians Trust was pleased to see another group take an interest in the land. She said, “We have had a number of school and community groups plus our huge group of volunteers help out at our planting days over the last 14 years but never a combined gift of trees and planting.“It’s great to have a commercial group enhancing the environment. What is exciting is that in years to come participants will see the land transform around them thanks to their generosity and effort. We hope some of them will become volunteers at Whareroa in the future.” read more

Local Democrats Mark 100 Days To General Election

first_imgScreenshot of U.S. Rep. Ben Ray Luján’s ‘Virtual Road Trip’ Friday. Courtesy/DPLAC Screenshot of  ‘Virtual Meet and Greet’ Saturday for Democratic Council candidates Denise Derkacs, Rodney Roberson and Sean Williams. Courtesy/DPLAC DPLAC News:The Democratic Party of Los Alamos County marked 100 days until the general election with a weekend of virtual events.Friday, U.S. Rep. Ben Ray Luján held a “Virtual Road Trip” attended by a variety of elected officials and members of the public. Saturday afternoon, voters joined a “Virtual Meet and Greet” for Democratic candidates for Los Alamos County Council including Denise Derkacs, Rodney Roberson and Sean Williams. Sunday’s virtual volunteer kickoff event brought DPLAC leaders and volunteers together to discuss plans for the next 100 days.Over the course of the weekend, more than 50 individuals joined local Democrats on Zoom and Facebook Live in looking forward to and strategizing for the November General Election.last_img read more

The care taker

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MIPIM UK: Boris slams “xenophobic” protesters

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Harrowing Threats Target Latinos

first_imgImagine receiving what you assume to be a harmless text only to find a grisly picture of an execution-style murder. Then, the sinister warning: “You’re next.” Even worse, what if a caller stated he knows where you are, and unless you pay up at once, he’ll come for you?So far no one has been hurt by what Southampton Town police are calling a “scam,” although a chilly one.“There have been several calls and texts using the same graphic photo or similar graphic photos depicting an execution-style murder,” the department said.Scammers are using mobile apps to threaten and defraud users to send them specified amounts of money, investigators said.It is neither new nor limited to the area.Richmond, VA police experienced a similar extortion scam that involved social media apps back in 2017, as did Dodge City, KS the following year. The scammers often use Facebook to find photos of the target and their family and WhatsApp to initiate calls or text messaging. All the reported text messages and phone calls were written and spoken in Spanish.“This scam so far has specifically targeted Hispanics — natural Spanish speakers — but it’s a crime of which everyone should be aware,” Dodge City police warned. There had been five instances there in May 2018, with police saying that callers may send videos of men and women being killed.The department is warning the community to avoid sending any money to an unknown number or caller. Victims are urged to contact local police if and when encountering incidents like these.Funny MoneyA Brooklyn woman was arrested after using fake bills to purchase gift cards from a 7-Eleven in Westhampton, police said.Kaylynn Dyer, 30, of Brooklyn, was arrested by Suffolk County police September 24 for separate charges, but was identified through a Crime Stoppers tip as being wanted on a counterfeit charge.Dyer was turned over to Southampton Town police and charged with first-degree criminal possession of a forged instrument, a felony. She was processed at town police headquarters in Hampton Bays and held for Sharelast_img read more

Photo: ‘VOS Grace’ launched

first_imgVroon has informed that a launching ceremony for its VOS Grace vessel last week took place at Fujian Southeast Shipyard in China. VOS Grace is a 60-m field-support vessel (ERRV/FSV), currently under construction at the shipyard for Vroon Offshore Services.The vessel is the last in a series of four FSVs being built at the shipyard for Vroon. The company has a total of 22 offshore-support vessels on order at Fujian Southeast, with delivery planned between 2014 and 2016.Unrelated to the story, but related to Vroon, Malaysia’s offshore ship builder Nam Cheong has today said it has received an order from Vroon for an AHTS vessel.last_img read more

Forecasters at Leading Edge see growth after a shallow drop next year

first_imgSubscribe now for unlimited access Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community Get your free guest access  SIGN UP TODAY To continue enjoying, sign up for free guest accessExisting subscriber? LOGIN Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to industry news as it happensBreaking, daily and weekly e-newsletterslast_img read more

The Friday Flyer – June 28th 2013

first_imgWhat looks like a positive potential stimulator of project cargo logistics demand, may have negative implications. What if a switch to onshore fracking plants reduced offshore gas exploration and installations. What if the much trumpeted US self-sufficiency in gas leaves it less hungry for coal imports to fuel its power stations, reducing the drive for coal mine investment around the world and dampens the need to shift heavy capital equipment by sea?Fracking operations could, however, provide interesting opportunities for project cargo operators. This week it was reported that in the UK, or rather, under the UK, there seems to be at least 1,300 trillion cubic feet of shale gas and the UK government is including shale gas drilling as part of its infrastructure plans.However, the whole argument has a great potential for generating ‘sound and fury’ in the corridors of power that may yet dampen any real business opportunities for the sector.A bumper edition of this week’s Friday Flyer is sponsored by Liebherr Maritime Cranes, which offers a perfectly balanced portfolio of innovative heavy lift solutions. The state-of-the-art mobile harbour crane range has a maximum lifting capacity of up to 208 tonnes and even up to 416 tonnes in tandem operation. Over 1000 mobile harbour cranes delivered worldwide prove the high demand for sophisticated heavy lift solutions in ports. Additionally, Liebherr’s advanced range of heavy-duty deck cranes provides strong lifting capacities of up to 450 tonnes.In the corporate worldTerex Port Solutions is getting closer to its clients; streamlining its customer services by creating one point of contact responsible for coordinating all necessary products and services.Climate changes that are keeping the Arctic Ocean’s North East and North West Passages navigable for longer periods of the year have spurred Iceland to work with bremenports to plan a new port in the Finna Fjord.DB Schenker and Salem Freight International have created Schenker Logistics LLC as a new Abu Dhabi joint venture operation.Less than two weeks after filing for court receivership in South Korea, STX Pan Ocean has filed US Chapter 15 bankruptcy protection with the federal bankruptcy court in New York.Erickson Air-Crane has received a subcontract with Fluor Corporation to support deployed forces in Afghanistan, as well as reconstruction activity, worth more than USD100 million.DSV has acquired its Columbian agent, Airmar Cargo, to further strengthen its foothold in South America.??Grieg Star will open an office in Singapore on July 1, in an effort to capture opportunities in this part of the world together with its offices in Tokyo, Seoul and Shanghai, says the company’s president and ceo, Tom Rasmussen.Capacity developmentsSteel is being cut on the RollDock Storm, a semi-submersible heavy lift ro-ro vessel and the second RollDock newbuilding, at the FSG Shipyard in Flensburg, Germany.Searoute International is now selling “K” Line’s twice-monthly ro-ro service, suitable for heavy and out-of-gauge cargoes, between Southampton, UK and Galveston, USA.Crowley Maritime Corporation is building two new heavy lift deck cargo barges for use in the Asia Pacific region.Geodis Wilson is on track after expanding Asia-Pacific operations to include domestic Chinese rail freight operations, with services to Europe planned for the future.Mexico’s transport ministry is planning USD4.34 billion in infrastructure developments to increase port capacity in a move that includes two new ports and six port expansions.Two post-Panamax car carrier vessels, scheduled for delivery in 2015 and 2016, are to be built at Tianjin Xingang Shipyard in China for Wallenius Lines.BigLift Shipping has named its brand new heavy lift vessel Happy Sky at a ceremony in Zhangzhou, China (pictured top right).Terex Port Solutions has launched its new Gottwald Model 5 harbour crane, with a maximum load capacity of 125 tonnes, suitable for heavy project cargo.Etihad Cargo has taken delivery of three new freighter aircraft – one B747-8F, one B777F and one A330F – taking its dedicated all-cargo fleet to nine (pictured second right).Network newsProject Cargo Network (PCN) welcomes a number of companies. Land Bridge Logistics has signed up representing Laos; membership in Morocco is now closed as Trafimar joins as its third and final representative; membership has also closed in Venezuela as Interlogistic come on board in the country; Specialized Shipping and Logistics has become the Project Cargo Network’s (PCN) third and final member in Iraq. Wilhelmsen Ships Service Georgia LT (Wilhelmsen Georgia) has also become the third member to join PCN representing the country.People and placesNabil Sultan has stepped into the shoes of Ram Menen as divisional senior vice president Emirates SkyCargo (pictured top right).Claudia Roller, Port of Hamburg Marketing (HMM) ceo, will step aside at the end of 2013 on her retirement. Executive board member Axel Matter will take temporary charge of HMM until its supervisory board identifies a successor.Farook Al Zeer, who is currently managing director of Schenker LLC in Dubai, has extended his existing responsibilities to become managing director of Schenker Logistics LLC.It’s ahoy to Lindsey Francis as she joins yacht transportation firm PSP as a sales executive (pictured second right).Tuvshin Zorigt brings a decade-and-a-half of industry experience to his new role as head of industrial projects, Singapore for DHL Global Forwarding.Crowley Maritime Corporation is opening a new project management office in Singapore.The Port of Esbjerg has opened its brand new 650,000 sq m Østhavn (East harbour) extension for the wind turbine industry.??Bremen based logistics company, IPSEN LOGISTICS, has revealed Henrique Wohltmann has the new man in charge of its worldwide project cargo activities as the company prepares for further development of the division (pictured last above).Experience Liebherr Maritime Cranes at the following shows: Breakbulk Americas (New Orleans/USA) in September, NEVA (St. Petersburg/Russia) in September and TOC Americas (Miami/USA) in October.All about EvieEvie wished she could have seen Universal Africa Lines (UAL) blow out the candles on its cake to celebrate its 30-year anniversary in Rotterdam, where it also christened the new 8,600 dwt cargo ship UAL Texas. Here’s to the next 30 years, she says.As a sophisticated wine lover, the news that two containers containing New Zealand wine slipped over the side when MOL Comfort foundered and broke in two on the Indian coast, hit her to the core. After ascertaining no one was injured, her thoughts turned to the 30,000 bottles of her favourite Kiwi Sauvignon blanc that were lost at sea.She could have done with a drink this week when she heard the news that the long-established De Lloyd newspaper and sister magazine Transport Echo have closed. She naturally sends her best wishes to some old friends on the editorial team and wonders if there is room in the market for a nimble, fast-moving, boutique publishing company to step in to fill the information gap. Watch this space.last_img read more