first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg Businessweek:As President Donald Trump prepares to pay failing coal plants to stay open, several states are hatching plans to gently put them to sleep. One solution gaining steam among lawmakers, environmentalists, and policy experts can be found in an unlikely place: the bond market.For utilities, getting out of the coal business can be costly. They have to pay to dismantle generators, and they don’t want to miss out on future revenue by scrapping still-productive assets early. Plus, coal-plant workers will need to be retrained for other jobs. To pay for all that, states could allow utilities to issue special bonds at low rates. While the plan has yet to be implemented, Colorado, New Mexico, and Missouri are among the states where legislation has been debated.“If there’s a no-cost option available to the state, I think it would be absurd to not do it,” says Jacob Candelaria, a Democratic state senator in New Mexico. Candelaria sponsored a bill that failed to pass and plans to reintroduce it next year. No tax dollars would be spent for such bonds, he says, but the debt would be backed by ratepayers. That means the utility can add a special charge to customers’ bills to cover the payments. The predictable cash flow means the bonds can carry lower rates. For years, coal’s been losing out to cheaper natural gas and cleaner renewables such as wind and solar. Coal-fired facilities accounted for more than half of U.S. electricity from 1949 through 2005, according to the Energy Information Administration. Since then, its share has declined to less than one-third of the U.S. total.Strategies for managing the transition vary. The operators of New England’s power grid have instituted a plan, sometimes called “cash for clunkers,” that includes—as a side effect to making room for new clean energy sources—paying old plants to retire. Trump, who has struggled to fulfill a campaign promise to help the coal industry, announced on June 1 that he was ordering Energy Secretary Rick Perry to stem the tide of closures. The government would establish a “strategic electric generation reserve” and compel grid operators to buy electricity from coal and nuclear plants. The administration says this is to protect national security. Still, many state and local authorities—and even a lot of utilities—see coal-plant shuttering as inevitable. Almost two dozen coal plants, with a combined capacity of more than 16 gigawatts, are scheduled to close in 2018, according to data compiled by Bloomberg New Energy Finance from the EIA and the Sierra Club. Another 30 gigawatts’ worth of plants are slated to follow suit by the end of 2025.It’s just a question of how the process unwinds. Candelaria estimates his legislation would have allowed utility PNM Resources Inc. to issue bonds that would pay 1 percent to 3 percent, as long as the proceeds were spent on shutting a coal plant. If PNM had to issue bonds on its own to do the same thing, it might have to pay interest of 6 percent to 8 percent, the lawmaker says. The exact rates would depend on a variety of factors, but “we’re talking about real money,” Candelaria says. Ron Darnell, senior vice president of public policy for PNM, calls the strategy “an equitable way to facilitate the transition to newer, cleaner energy resources.”More: Buy Bonds, Kill Coal States turn to bond market to fund decommissioning of coal plantslast_img read more


first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Natural gas-fired and renewable generation increased across the U.S. in July while generation from coal continued to fall.According to the U.S. Energy Information Administration’s latest “Electric Power Monthly” released Sept. 24, utility-scale generation net of hydroelectric pumped storage fell 0.4% year over year in July to 411.6 million MWh.Natural gas’s share of July generation was 42.3%, up from 40.5% in July 2018, while coal’s share fell to 24.5% from 27.9%.Renewable output climbed 12.0% year over year to 60.4 million MWh as growth among renewable resources was mixed. Conventional hydro generation saw a 4.6% decline, while generation from solar and other renewables climbed 19% and 27%, respectively.Year-to-date through July, utility-scale generation declined 2.0% to 2.38 billion MWh, with coal supplying 24.0% of the nation’s power and natural gas at a 36.6% share. So far, renewable generation has supplied 18.6% of the nation’s power, compared with 18.2% a year earlier.Over the same period, coal-fired generation declined 13.1% year over year to 571.1 million MWh, while gas-fired generation climbed 5.7% to 871.3 million MWh. Renewable generation declined 0.3% to 442.4 million MWh.More ($): Natural gas, renewables combine for 57% of US generation in July EIA: Coal generated 24% of U.S. electricity through July, renewables at 18.6%last_img read more


first_imgDamascus, Virginia is a well-loved outdoor mecca in southwest Virginia which serves as a popular hub for several trails including the popular 34+mile Virginia Creeper, the Iron Mountain trail, Trans-America National Bicycle Trail, and of course the famous Appalachian Trail which literally lies atop the town’s Main Street.  It has long been regarded as one of the most welcoming communities along the famous footpath and celebrates both the trail and the thousands of annual thru-hikers during its popular Trail Days festival which has been held every May for over 30 years.We attempted to contact Hey Joe’s for comment, but the number that the restaurant lists on Facebook has been disconnected. Hey Joe’s, a restaurant in the Appalachian Trail town of Damascus in southwest Virginia, is reportedly closing its doors after the owner and his brother were caught on film on Monday, October 23 hurling anti-Semitic remarks at a man in the street.“You should get in a f*cking Jewish oven and die like your ancestors,” one of the men can be heard saying on the video.The victim has been identified as Appalachian Trail thru-hiker Craig Johnston.WARNING: The video below contains violence and highly offensive racial slurs. Immediately after the racist remarks are made, the owner, wearing a striped shirt in the video, appears to strike Johnston. The two then turn and walk away, continuing to spout racial insults while threatening more physical harm to the individual filming.“You better be careful when you’re walking around,” one of the men can be heard saying, as they leave the scene.According to a statement from the Damascus Police Department, the two men—Joseph E. Killian and Henry Oscar Killian II—have been arrested and are being held without bond at the Abingdon Regional Jail.Damascus Mayor Jack McCrady posted a statement on his personal Facebook page which can be read in full below.“Seems like our wonderful Town has yet again been placed under the scrutiny of bad press. As with most issues, there is controversy. For those who viewed the hideous anti-Semitic video, nothing can justify the statements, it certainly doesn’t represent our community. The individual assaulted isn’t completely innocent of any wrong doing either. By his own admission, he went there in an attempt to purchase illegal drugs, the transaction soured inside the business and then spilled out into the streets, resulting in the videoed portion of the altercation. The victim didn’t press charges, but instead chose to vent on social media. The Town has pressed charges, and the two men from the business are being held in the regional jail without bond. Nothing can justify the hideous statements made by those involved. This behavior does not represent Damascus or our citizens. The business was due to permanently close at the end of the month, but due to current circumstances is now closed.”McCrady later told the Bristol Herald that the men are not from Damascus originally but moved to the area from Charlotte, North Carolina.“There is no justifying this behavior,” said fellow Damascus business owner, Joe Bridges. “I know that it is not accepted in any way by the town, and the community immediately railed against them and their actions. I’m a Jewish resident of Damascus, and I haven’t experienced any kind of antisemitism since moving here in July of 2015. I also own and operate a bakery/juice bar around the corner from Hey Joe’s.”The Appalachian Trail Conservancy, which administers stewardship of the trail along its 2,200-mile path, has issued a statement on Twitter.last_img read more


first_imgThe waters off the Atlantic coast are as much a highway as I-95, with leisure, commercial, and marine life traffic in constant motion up and down the Gulf Stream. Countless animals call this area home, including the extremely endangered North Atlantic right whale. Driven to near extinction before whale hunting was banned in 1935, the whale population slowly fought its way back to roughly 500 around 2010, but increases in ship strikes and entanglements in fishing equipment have started to reverse that trend. To make matters worse, a new threat has emerged in the form of the Navy’s new Undersea Warfare Training Range.For years, litigation swirled around the 500-square-mile area off the coast of Jacksonville, Florida, selected in 2009 as the site for the range. In 2010, the Natural Resources Defense Council (NRDC) led a suit against the Navy to halt construction, arguing that it was too close to the only known calving and nursing grounds for right whales and did not include adequate safeguards for them as an endangered species. Ultimately, the courts decided the Navy was taking sufficient protective measures, and construction began in October 2014.The NRDC, however, is not convinced. Ship strikes are already a major concern, with four whales dying in U.S. waters this past summer, and sonar could pose an even greater danger. While the range doesn’t directly overlap the critical habitat designated by the National Marine Fisheries Service (NMFS), studies of sonar and comparable sounds “have shown whales fleeing [up to] 150 miles away,” says Taryn Kiekow Heimer, Senior Policy Analyst with the NRDC. The latest research estimates that whales entangled in fishing equipment may burn as much as 25,000 extra calories per day engaging in normal activities. That alone is often enough to starve a whale to death, without adding the stress and physical exertion of disorientation or fleeing.Sonar is turned off if whales are spotted in the blast range, but unfortunately, “any marine mammal observer—not just Navy—only spots [right whales] about 5% of the time,” says Heimer. They are dark, stay very close to the surface, and have no dorsal fin, she explains, making them “a sitting target for unintentional ship strikes.” Furthermore, the Navy has not adopted the only mitigation measure that Heimer believes would be effective at this point, which is to refrain from running exercises during the critical calving and nursing period, from November to April.Construction of the range isn’t taking place during these months, but training exercises will. The Navy expects the range to be operational in the Fall of 2019, with full-scale training operations beginning Summer 2023. If training exercises led to any strandings or trauma, the Navy would certainly investigate the incident thoroughly, but with the population already so low, Heimer and others worry that even one incident could put the species over the edge.last_img read more


first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Quentin FottrellMany older workers are holding on to their jobs instead of retiring — and that’s causing a logjam in the labor market.After reaching a historic peak in 2000, the labor force participation rate — the sum of workers and those who want to work as a proportion of the working-age population — “drifted gradually downward,” says Patrick O’Keefe, director of economic research at CohnReznick, an accounting and advisory firm. The decline accelerated with the 2008 recession and the rate fell to a 36-year low of 62.8% at the end of 2013 and, he says, “has hovered around that level since.” The rate was at 62.9% in January 2015.There’s been a sharp decline in labor force participation among younger workers (aged 16 to 24) and prime-age working adults (aged 25 to 54), according to the most recent Bureau of Labor Statistics figures, while older workers have been holding on to their jobs. “Coincidentally, a larger share of baby boomers, an exceptionally large cohort, continues to participate at historically high levels,” O’Keefe says. “Fewer Americans have or are seeking jobs and that has long-term implications for the U.S. economy and economic policy.”In the fourth quarter, the labor force participation rate of younger workers was just 55.5% after holding steady at about 66% from 1998 to 2000, and participation by the prime earning group (ages 25 to 54) was unchanged at 80.8% after peaking at 84.4% in early 2000. However, participation among those approaching retirement had slipped only slightly from the mid-2010 post-war record rate of 65.3% to 64.3% in the most recent quarter and was 18.6% for those 65-plus, just shy of a two-year high of 19%. continue reading »last_img read more


first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The Federal Financial Institutions Examination Council yesterday released two statements informing financial institutions on ways they can identify and avoid cyberattacks that compromise user credentials or use malware and how institutions can prepare for and respond to such threats.The FFIEC noted that cyberattacks over the past couple years have often involved the theft of credentials used by customers, employees and third-party vendors seeking to access a business’ systems. It also said cyber criminals can install malware on systems through email attachments and via external devices such as USB drives; or by stealing credentials and placing the malware directly on the systems itself.FFIEC encouraged financial institutions to “securely configure” systems and services and “review, update and test incident response and business continuity plans,” among other things. The council also highlighted various resources with information on how to strengthen user safety regarding online practices. continue reading »last_img read more


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first_imgArsenal set to re-attempt efforts to terminate Mesut Ozil’s contract early ahead of January transfer window View 5 comments Advertisement Advertisement Metro Sport ReporterThursday 8 Oct 2020 1:44 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link893Shares Arsenal want to get rid of Ozil again (Picture: Getty Images)Arsenal are set to re-enter discussions with Mesut Ozil in an attempt to terminate the midfielder’s contract ahead of the winter transfer window, according to reports.The German hasn’t played for the Gunners since Marcj and was left out of their Europa League squad for the upcoming campaign.Although boss Mikel Arteta remarked before the new season that every player would ‘start from zero’, Ozil has not featured in any matchday squad so far this term, while fellow outcast Matteo Guendouzi was shipped out on loan to Hertha Berlin. Arteta has taken a no-nonsense approach to managing his squad (Picture: Getty Images)The 31-year-old’s contract isn’t due to expire until June 2021 and he has previously insisted that he plans to stay until the ‘last day’ of his deal.AdvertisementAdvertisementADVERTISEMENTAccording to the Daily Mail, over the last two weeks, Arsenal unsuccessfully approached Ozil over ending his contract early.However, they are prepared make another offer to the midfielder in the hopes that they can remove his mammoth £350,000-a-week paycheck from their wage bill in January.The report states that an agreement is unlikely to be reached before the winter window and Ozil is said to want almost all of the remaining £13 million on his contract paid up.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalEarlier this week, the playmaker offered to pay the wages of Gunnersaurus, after the club mascot was effectively made redundant as part of staff cuts to deal with the financial impact of the Covid-19 pandemic.Arsenal quickly responded to Ozil’s gesture, with a club spokesman telling ESPN: ‘Gunnersaurus is not extinct and will return to action when fans are allowed back at matches.’MORE: Kevin Campbell explains the two positions Thomas Partey can play at ArsenalMORE: Chelsea hero Frank Leboeuf rates Manchester United and Arsenal’s top-four chancesFollow Metro Sport across our social channels, on Facebook, Twitter and InstagramFor more stories like this, check our sport pagelast_img read more


first_imgHe described Bolivar as“highly mobile” and frequently changes his hideout. Bolivar has a pending arrest warrantfor violation of the Comprehensive Dangerous Drugs Act of 2002. He was chargedalthough he managed to escape from policemen trying to entrap him in a buy-bustoperation at his house in Barangay Guinacas on No. 9, 2016. He ordered his men to validate theinformation. “All reports we have received arebeing validated. If we have zeroed on in his whereabouts we will arrest him,”said Defensor. There have been reports that Bolivaris hiding in a remote barangay in Jaro district. Bolivar was believed to be a minion ofPrevendido and stepped up drug trafficking activities after his boss died in ashootout with policemen. Bolivar, a resident of BarangayGuinacas, Pototan, Iloilo, has been spotted several times in parts of WesternVisayas and Metro Manila but has never been caught. ILOILO City – Western Visayas’ topdrug suspect Ernesto Bolivar was recently spotted in a restaurant here,according to Iloilo City Police Office (ICPO) director Police Colonel MartinDefensor, citing intelligence information. center_img Recently, Police ColonelRoland Vilela, director of the Iloilo Police Provincial Office, offered aP100,000 reward to whoever could give information leading to the successfularrest of Bolivar, 41. Ernesto “Erning” Bolivar He became the prime target of thePolice Regional Office 6 (PRO-6) after the death of drug lord Richard “Buang”Prevendido in September 2017. Sources also said Bolivar has tappedthe services of “new players” in his drug trafficking operation to avoiddetection The provincial government of Iloilo isalso dangling a P500,000 monetary reward. The Bolivar drug group operates mainlyin central and northern Iloilo province and parts of nearby Capiz./PNlast_img read more


first_img Loading… “Over the past decade, the 2.06m (6ft 9in) power forward became an inspirational figure for the D’Tigers never missing call up from his country.” Commenting on 34-year-old Nigerian shooting guard, Chamberlain ‘champ’ Oguchi, FIBA Africa said: “One of the biggest storylines at FIBA AfroBasket 2015 was the way Oguchi carried Nigeria to glory. “Perhaps motivated by the last-minute decision that prevented him from playing at FIBA AfroBasket 2013, Oguchi arrived in Tunisia ready for revenge, and Nigerians thanked him for his masterclass performance as they won their first ever African title. “And although the 1.96m (6ft 5in) shooting guard finished with a game-high 19 points in the final against Angola, it was his display in the semifinal against Senegal that epitomised his desperation to make history for Nigeria. Read Also: Video: Timo Werner first Chelsea training emerges online “Even though Oguchi has had some eye-catching displays with the D’Tigers uniform on – Oguchi’s FIBA AfroBasket 2015 performance was one for the ages. So much so, that he was named the tournament Most Valuable Player. Others on the list top 10 includes, Souleyman Diabate (Cote d’Ivoire), Carlos Morais (Angola), Salah Mejri (Tunisia), Abdelali Lahrichi (Morocco), Gorgui Dieng (Senegal), Makram Ben Romdhane (Tunisia) and Eduardo Mingas (Angola). FacebookTwitterWhatsAppEmail分享 Nigeria basketball stars, Al Farouq Aminu, Ike Diogu and Chamberlain Oguchi have been listed among the top 10 African players of the last decade, Sportinglife.ng reports. The D’Tigers trio were selected among the best 10 players by the FIBA Africa’s editorial team from a list of 55 African players based on their impact at club and/or national teams’ participations at FIBA competitions, which run from 2010 to 2020. On Orlando Magic power forward, Al Farouq Aminu, FIBA Africa said: “Aminu’s first appearance with D’Tigers has coincided with the revival, and maybe, the highest moment of Nigerian basketball. “The 29-year-old small forward has played a vital role in helping Nigeria shock the world as they became the first African team to secure an Olympic berth via FIBA Olympic Qualifying Tournament in Venezuela. “Following a disappointing FIBA AfroBasket 2013 campaign where the star-studded Nigeria team finished seventh, Aminu returned two years later to help his country win their first-ever African title thanks to a convincing 74-65 win over then-defending champions Angola in the final. “And although, Aminu sat out the 2016 Rio Olympics, he has helped Nigeria claim Africa’s best-placed team at FIBA Basketball World Cup 2019, which qualified the D’Tigers for the 2021 Tokyo Olympics.” On Shimane Susanoo Magic power forward, Ike Diogu, FIBA said: “Just a few days before Nigeria travelled to Tunisia for what turned out to be a historic moment for their country’s basketball – as they won their first African title – Diogu got hurt. It was an unexpected experience, yet, he was so determined to make a difference that he watched the entire FIBA AfroBasket 2015 from the sidelines. “Nigeria may have finished runners-up at FIBA AfroBasket 2017, but Diogu was huge. So much so, that he returned home with a special trophy, the Most Valuable Player award.center_img Promoted Content10 Phones That Can Work For Weeks Without Recharging7 Universities In The World With The Highest Market ValueThe Funniest Prankster Grandma And Her GrandsonThe Best Cars Of All Time12 Actors Who Can Only Play Bad Guys6 Best Movie Cars You Could Own But Probably Can’t AffordPortuguese Street Artist Creates Hyper-Realistic 3D Graffiti7 Universities In The World Where Education Costs Too Much5 Of The World’s Most Unique Theme ParksThe World’s Most Desirable Fruit – Pink PineappleYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeThe Highest Paid Football Players In The Worldlast_img read more