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 Promoted ContentBirds Enjoy Living In A Gallery Space Created For Them7 Universities In The World Where Education Costs Too MuchYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeEverything You Need To Know About Asteroid ArmageddonPlaying Games For Hours Can Do This To Your BodyWhich Country Is The Most Romantic In The World?8 Superfoods For Growing Hair Back And Stimulating Its GrowthWho’s The Best Car Manufacturer Of All Time?Great Entertainer Became A Milestone In The History Of CensorshipBest & Worst Celebrity Endorsed Games Ever Made5 Of The World’s Most Unique Theme Parks6 Interesting Ways To Make Money With A Drone Loading… Top seed and three-time US Open winner Djokovic – who has won five of the past seven Grand Slam crowns – has 17 slams, behind Nadal on 19 and Federer on 20.Also on Ashe Monday is top-seeded woman Karolina Pliskova, who goes up against 145th ranked Anhelina Kalinina of Ukraine.Two-time Grand Slam winner Naomi Osaka is scheduled to play as well, but her status is in doubt due to a left hamstring injury that forced her to pull out of Saturday’s WTA New York final.Read Also: Platini questioned in Swiss probe of $2m FIFA paymentSerena Williams starts her bid for a 24th career Grand Slam women’s singles crown to match the all-time record set by Margaret Court on Tuesday.Women’s number one Ashleigh Barty and reigning champion Bianca Andreescu are among high-profile women skipping the event because of concerns about coronavirus.FacebookTwitterWhatsAppEmail分享 Top favourite Novak Djokovic begins his quest for an 18th Grand Slam title on Monday as a unique, spectator-free 2020 US Open gets underway in a COVID-19 quarantine bubble at Flushing Meadows. The world number one headlines the opening day of a tennis major that promises to be unlike any other and which is missing several top players due to coronavirus fears. Djokovic takes on unheralded Damir Dzumhur of Bosnia-Herzegovina in a round-one evening match at an Arthur Ashe Stadium that in normal years buzzes with 23,000 screaming fans. But due to strict measures aimed at keeping COVID-19 out of the US National Tennis Center, only players, officials and a handful of media will be watching in-person this year. “It is strange to see,” said Djokovic, crediting his love of playing on the New York hardcourts to Ashe, which he described as “the most dynamic and explosive court” in the game. “The circumstances are very unusual but we have to deal with it and try to embrace it,” the Serbian superstar added. The US Open marks the first Grand Slam of the coronavirus era, and the first since the Australian Open in January and February, after the global pandemic wiped out much of the season, including Wimbledon. Players are being kept in a tightly controlled environment to minimize the risk of infection and are being tested for coronavirus regularly throughout the tournament. The men’s draw was disrupted on the eve of the tournament Sunday when France’s Benoit Paire was removed after organizers announced that an unidentified player had been withdrawn after testing positive for COVID-19.center_img Under New York state rules, any player that tests positive is immediately withdrawn and must self-isolate for at least 10 days. Most competitors are staying at specific hotels and are not allowed to travel anywhere other than to and from the tournament site and their accommodation. Some players, including Djokovic, have rented private houses that must be guarded 24 hours by security to safeguard the quarantine bubble. Parts of the tennis center grounds were turned into makeshift hospital rooms during the worst of the pandemic in New York in April. Intense cleaning and safety protocols were put in place before the US Open allowed players into the bubble. And the number of support personnel for each competitor is limited, as is the number of players allowed into the locker room at any one time. Players are advised to wear masks when they are not on court and must wash their hands regularly. The absence of defending champion Rafael Nadal and Swiss legend Roger Federer gives Djokovic a prime opportunity to gain ground on his rivals in the chase for the all-time men’s Grand Slam singles title record. The participation of Japan’s Naomi Osaka at the 2020 US Open is in doubt because of injurylast_img read more


first_imgTAROUBA, Trinidad (CMC) – Unbeaten Trinbago Knight Riders swept into tomorrow’s final of the Caribbean Premier League (CPL) after ruthlessly disposing of an erratic Jamaica Tallawahs by nine wickets in the first semi-final here yesterday.Akeal Hosein laid the platform for TKR’s 11th straight win when he snatched three for 14 with his left-arm spin to restrict Tallawahs to a meagre 107 for seven off their 20 overs.Opener Lendl Simmons then stroked an unbeaten 54 and Tion Webster, 44 not out, as TKR chased down their target with five overs left.“Getting this far now is about the big picture which is on tomorrow; so for us, we still have to try and keep it level,” TKR captain Kieron Pollard said afterwards.“We still have to try and enjoy our victory as we’ve been doing throughout the tournament but we still have to come in 48 hours and try to play a better game of cricket than we did today.”Sent in, Tallawahs lost Jermaine Blackwood to the fourth ball of the match without a run on the board, bowled by Hosein, as he missed a wild heave and when Glenn Phillips steered left-arm spinner Khary Pierre (2-29) to point in the next over, the innings was already in crisis at two for two.Hosein then quickly knocked over the promoted Mujeeb-ur-Rahman (0) and Asif Ali (4) to leave Tallawahs tottering on 25 for four before Nkrumah Bonner top-scored with 41 and captain Rovman Powell chipped in with 33, to salvage pride for their side.Bonner struck five fours in a 42-ball knock while Powell counted a four and a six off 35 deliveries, as the pair combined in a 38-run fifth wicket stand.Leg-spinner Fawad Ahmed broke the stand in the 12th over when he got Bonner to play on at 63 for five and with five runs added, Tallawahs suffered a game-changing blow when Andre Russell was controversially given out by umpire Nigel Duguid, caught at slip for two off off-spinner Sunil Narine.A clearly upset Russell remonstrated angrily before storming off and TV replays confirmed the player’s reaction, showing the ball clearly striking only the pad before ballooning to Dwayne Bravo.With their talisman gone, Tallawahs’ hopes of a competitive total also disappeared and it was left to Powell and Carlos Brathwaite (13 not out) to add 24 for the seventh wicket, before Powell holed out to deep mid-off off Pierre at the end of the 18th over.“We lost four wickets in the power-play and the stats show when you lose four wickets in the power-play you usually end on a (losing) note,” Powell lamented.“There was a lot of inconsistency. The batters didn’t stand up all season and we asked our international batters to bat most of the overs and we just didn’t do that.”The target was never going to seriously test TKR but when off-spinner Mujeeb bowled Narine for four in the second over with 14 runs on the board, Tallawahs began to dream.However, Simmons and Webster hastily dashed those hopes in a rollicking 97-run, unbroken second-wicket stand.Simmons faced 44 balls and struck half-dozen fours and two sixes while Webster’s 43-ball knock was laced with one six and half-a-dozen fours – the last two of which propelled TKR past their target.last_img read more


first_imgThink about it …Alabama and LSU are both candidates to get in the Playoff, regardless of what happens Saturday. But the Tigers should be a little more wary of the short history of the rankings. Alabama has opened in the top four of the rankings in every season except 2014 — when they were knocked out in the Sugar Bowl by Ohio State.LSU, meanwhile, opened in the top four in the first time. A look at the other SEC schools that were in that spot in the first poll reveals a tough trend:YearTeamWL2014Auburn852014Ole Miss942014Mississippi State1032016Texas A&M852017Georgia1322018Georgia113Those schools finished a combined 59-22 — an average of almost four losses per team. That is one trend LSU will hope to buck in the final month of the season. MORE: Will Tagovailoa play vs. LSU?That is one of three games between ranked teams. No. 5 Penn State travels to No. 13 Minnesota in a battle of Big Ten unbeatens (noon, ABC), and No. 18 Iowa travels to No. 16 Wisconsin (4 p.m., FOX).Every week, Sporting News will survey the landscape looking for Heisman contenders, coaches on the spot, upset alerts and other trends. With that in mind, get ready for Week 11:Heisman watchLet’s hope that Tagovailoa matchup materializes, which would add the Heisman layer to the Alabama-LSU matchup. Keep in mind that the quarterbacks who have finished No. 1 and No. 2 in the Heisman voting have met twice this century in the regular season.Tagovailoa (2,166 yards, 27 touchdowns, two interceptions) ranks second in the FBS in passer rating at 212.4, one spot ahead of Burrow (2,805 yards, 30 touchdowns, four interceptions) at 204.5. This one should to be a high-scoring affair like those other regular-season shootouts.In 2008, Oklahoma’s Sam Bradford (28 of 39, 387 yards, five touchdowns, two interceptions) and Texas’ Colt McCoy (28 of 35, 277 yards, touchdown) put on a show in the Longhorns’ 45-35 victory. In 2016, Clemson’s Deshaun Watson (20 of 31, 306 yards, five touchdowns, three interceptions) and Louisville’s Lamar Jackson (27 of 44, 295 yards, touchdown, interception) did the same in the Tigers’ 42-36 victory. In both cases, the Heisman winner was on the losing team while the losing quarterback played for a national championship.Makes sense, right?Coach on the spotThis is LSU coach Ed Orgeron’s big moment on the big stage, and he could solidify Coach of the Year candidacy with a victory against the Crimson Tide.Orgeron has a chance to deliver LSU’s first victory against Alabama since the No. 1-vs.-No. 2 showdown in 2011. That was the last time Les Miles beat Alabama and part of a stretch from 2011-13 where he was 1-3 against the Crimson Tide and 32-4 against everybody else.So far, Orgeron is 0-3 against Alabama and 30-6 against everybody else.Upset alertBaylor is putting its undefeated record on the line against TCU this weekend, and the Bears have not won this game since the legendary 61-58 shootout in 2014 that ended up keeping both teams out of the College Football Playoff.TCU coach Gary Patterson offered a small jab this week, too.Gary Patterson on the TCU-Baylor rivalry: “You go all the way back to the SWC ties … It was heated back in 2014-2015 and it’s calmed down, but think it will pick back up. I haven’t been getting as much Twitter rebuttal as I was a few years ago.”— Dean Straka (@DWStraka49) November 5, 2019The Horned Frogs are 3-1 at home — the lone loss a 41-38 shootout with SMU on Sept. 21. TCU averages 41.3 points per game at home. Baylor better be careful here.WEEK 11 PICKS: Straight up | Against the spreadOver/underMinnesota can take control of the Big Ten West with a home upset of Penn State on Saturday under third-year coach P.J. Fleck. The Gophers have a two-game lead on Wisconsin and Iowa — and the loser of that game will be all-but eliminated from the division race with three weeks left in the regular season.The Gophers beat Wisconsin 37-15 last season, too. Minnesota will play three ranked teams in the final four weeks and could potentially face Ohio State in the Big Ten championship game. Keep in mind Iowa went undefeated in the regular season in 2015 and Wisconsin followed in 2017. Is this Minnesota’s turnRemember, a 13-0 Big Ten champion is 100 percent getting in the Playoff. Week 11 of the college football season features the biggest matchup of the regular season — and a lot more.No. 1 LSU travels to No. 2 Alabama in a regular-season “Game of the Century” at Bryant-Denny Stadium. That game between the Tigers and Crimson Tide features SEC West and College Football Playoff implications, and the duel between quarterbacks Joe Burrow and Tua Tagovailoa — if he plays — could decide the Heisman Trophy.last_img read more


first_imgA man has pleaded not guilty at the Special Criminal Court in Dublin to the murder of another man at a church car park in Co Donegal in February, 2008.The court heard that Martin Kelly was part of a joint enterprise to lure Mr Andrew Burns, who lived in Strabane, Co Tyrone, to the car park at Donnyloop, Castlefin.The shooting was heard by a group of five young people from Clady, Co Tyrone who were walking in the area, he added. Martin Kelly (aged 36), a bus driver, of Barrack St, Strabane, Co Tyrone pleaded not guilty to the murder of Mr Andrew Burns (aged 27) at Donnyloop, Castlefin, Co Donegal on February 12, 2008.Opening the prosecution case, Mr O’Connell said that on the day of the murder, Mr Burns spent the day at the home of his elderly parents, three miles outside Strabane, and they dropped him back to the town around 6.45pm.A group of five young people from Clady in Co Tyrone, which is 1.4 kilometres from Donnyloop, were walking along the road just after 7pm.Two of them would give evidence that they heard two shots about 7.10pm.

They also saw a silver car drive in the direction of the car park then drive past them at high speed.Later they saw the body of Mr Burns on the road.

Some of the young people saw Mr Burns stumble on to the roadway, an ambulance was called and arrived at 7.35pm.Mr Burns was pronounced dead by a doctor at 7.58pm.A post mortem carried out by State Pathologist Dr Marie Cassidy established that Mr Burns was shot twice in the back, one shot hitting him in the left shoulder and the other in the middle of the right back.This second shot penetrated the aorta and Mr Burns lost a substantial amount of blood. The cause of death was a gunshot wound to the trunk.Mr O’Connell told the court that Kelly was arrested in Milford, Co Donegal in February, 2010 and he was taken to Letterkenny Garda Station where he underwent 17 hours and 22 minutes of interviews by gardaí.Counsel said that Kelly made a number of statements to gardai and the court was told that the defence are challenging the admissibility of the alleged statements on the grounds that they were not made voluntarily.The trial is expected to last three weeks.EndsMAN DENIES KILLING ANOTHER MAN AT CO DONEGAL CHURCH CAR PARK was last modified: October 4th, 2011 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:castlefinDonnyloopmurderlast_img read more