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Governor, premier announce preliminary 26-year Vermont-Hydro-Québec agreement

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first_imgVermont s two largest utilities today signed a memorandum of understanding with provincial utility Hydro-Québec that sets the stage for a new power supply contract for Vermont customers. The 225-megawatt deal is comparable the current Hydro-Quebec contract and the initial cost will have little if any inflation, according to a utility source. Vermont Gov. Jim Douglas hailed the accord, which he said would be good for Vermont and Québec. Reaching a new long-term agreement with Hydro-Québec is a good deal for ratepayers and strengthens the state s economic future, Douglas said. This new contract will provide stable, clean, renewable power at a competitive price through 2038. Energy trade is the centerpiece of our longstanding and valued trading relationship with the Province of Quebec a relationship that Lt. Gov. Dubie and I have worked hard to strengthen over the past seven years. The agreement reached today is the result of many hours of hard work by my administration working in a collaborative fashion with CVPS and GMP. Québec and Vermont have an established relationship in multiple sectors. Today’s agreement is yet another example of this collaboration. Under this agreement Québec will continue to provide clean renewable electricity to Vermont. Today Québec strengthens its commercial ties with Vermont; together we continue to pursue the fight against climate change, said Jean Charest, Premier of Québec.Central Vermont Public Service and Green Mountain Power seek similar volumes to what they receive from Hydro-Québec today, and to make power available to other Vermont utilities.Under the MOU, the term sheet is confidential to protect market-sensitive information, but the companies announced that they anticipate purchases totaling up to about 225 megawatts starting in November 2012 and ending in 2038. The term sheet includes a price-smoothing mechanism that will shield customers from volatile market spikes over this period.Hydro-Quebec/Vermont Agreement Key Points March 11, 2010This agreement continues a decades-long relationship that has been good for Vermont and Quebec. It will provide a substantial block of energy to Vermont, roughly approximating current purchases from Hydro-Quebec, filling a large piece of the state s impending energy gap. Based on our market evaluation, we expect the starting price will be comparable to our existing HQ contract. It s a very good deal for Vermont.The agreement announced today is the result of extensive, collaborative efforts involving Hydro-Quebec, Premier Jean Charest, Governor Jim Douglas, Central Vermont Public Service and Green Mountain Power.The MOU sets the stage for a new 26-year contract, starting in 2012 and ending in 2038, which will provide the next generation of Vermonters with clean, sustainable, affordable energy from Hydro-Quebec and will help Vermont maintain its low-carbon power supply.The purchase agreement will provide precisely the type of energy Vermonters and policymakers have said they want: clean, low-emission energy with relative price stability.The agreement will tie future energy prices to a series of market indexes and should provide significant price stability at very competitive rates. It will offer Vermont ratepayers significant protection from high energy price spikes, and will protect Hydro-Quebec from very low price swings.The Vermont Legislature can add to the value of the deal by passing legislation that defines large hydro-electric production, including Hydro-Quebec s energy, as renewable energy. If such legislation is enacted, any renewable energy certificate revenue from power delivered over the Highgate Interconnection, up to 225 MW per hour, will be shared 50-50 between the parties, and the Vermont utilities share will benefit their customers.This is a sizable purchase of scheduled energy, available during the key 16 hours of every day, 365 days per year. To put it in perspective, Vermont s typical load is around 700 megawatts, with a peak of about 1,000 megawatts. The contract will provide up to 225 megawatts.Under the MOU, final terms and conditions should be ironed out over the next few months, with a filing at the Vermont Public Service Board expected by August. The resulting contract will require PSB approval.  This agreement sets the stage for a new contract that will help us maintain what is arguably the cleanest power supply in the nation, while ensuring a relatively stable and affordable future for our customers, CVPS President Bob Young and GMP President Mary Powell said in a joint statement. It continues a relationship that has helped us provide competitive rates in the northeast, with minimal air and greenhouse impacts. This is an enormous step forward as we continue to plan Vermont s energy future. This agreement is the natural extension of a business relationship that has benefited both Hydro-Québec and our Vermont customers, said Thierry Vandal, President and Chief Executive Officer of Hydro-Québec. It will allow us to optimize our exports of clean renewable electricity, and Vermonters will continue to benefit from a reliable energy source at a stable and competitive price.Under the accord, announced at a meeting with Premier Charest and Gov. Douglas, CVPS, GMP and Hydro-Québec will negotiate final terms of the agreement over the next few months. The final 26-year agreement is expected to provide broad, scheduled energy delivery at a good value for customers. The market is extremely volatile, with tremendous highs and lows, the companies said. The contract will tend to keep Vermont s purchases near the middle of the market, protecting Vermont consumers from the highest price swings and Hydro-Québec from the lowest price swings.Young said the memorandum of understanding will help secure a major segment of CVPS s power supply as existing contracts with Hydro-Québec and Vermont Yankee come to a close starting in 2012. Hydro-Québec s clean, sustainable hydroelectric projects and relative price stability provide exactly the kind of power Vermonters have told us they would like, Young said. We have always provided an energy mix with very low emissions, and this agreement will help us ensure that tradition for the next generation of our customers.Powell said: A major component of our energy strategy, launched two years ago, was to pursue a broader, more strategic partnership with Hydro-Québec in order to benefit from its highly reliable, very low-carbon power system. Our agreement today is a major step in that direction and also ensures significant economic value for Vermont consumers.Vermont and Québec have had an energy partnership for a very long time. Energy trading between Vermont and Québec has been an important component of Vermont s energy supply since the early 1980s, when longer-term power deals were inaugurated. The current Vermont-Hydro-Québec contract, which was signed on Dec. 4, 1987, expires in 2016.One of the key provisions of the agreement is for the Vermont General Assembly to enact legislation to designate large hydro, which would include Hydro-Québec power, as renewable. Any renewable energy credit revenues for HQ power delivered over the Highgate Interconnection would be shared between the Vermont companies, benefiting their customers, and Hydro-Québec.The accord was signed by CVPS (NYSE-CV), GMP and H.Q. Energy Services (U.S.) Inc., an indirect wholly owned subsidiary of Hydro-Québec. It commits the parties to negotiate in good faith a power purchase agreement based on the non-binding term sheet. According to the memorandum, the parties intend to negotiate the material terms of the power purchase agreement no later than June 30, 2010 to allow the parties to obtain all necessary internal organizational approvals and execute the agreement no later than July 31, 2010. The final agreement will be subject to Vermont Public Service Board approval and certain other conditions.The binding terms of a power purchase agreement will be established only upon execution of a contract acceptable to each party. Should execution of the agreement by all parties fail to occur for any reason prior to July 31, 2010, the memorandum of understanding and the obligations of the parties to negotiate a final agreement will terminate.Source: Governor’s office. Québec, March 11, 2010 – -30-last_img read more

Over Two Tons of Cocaine Recovered from Submarine Sunk in Honduras

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first_imgBy Dialogo August 01, 2011 On 28 July, Honduran and U.S. authorities recovered 2.5 tons from inside a sunken drug submarine in the Central American country’s Caribbean waters, a high-ranking Honduran military leader said. The semi-submersible vessel, which is estimated to still hold another 2.5 tons of drugs, was scuttled on 13 July by its four crew members – three Colombians and one Honduran – when they were intercepted by Honduran coast guard agents. “We’ve recovered 2.5 tons of cocaine, and we estimate that there is an equal amount still in the vessel,” said the head of the Joint General Staff of the Honduran Armed Forces, Gen. René Osorio. Honduras, which has Atlantic and Pacific coasts, is used by Mexican and Colombian cartels for shipping cocaine from South America to the United States. The presence in Honduras of the Mexican cartels, which have extended their operations into Central America as a result of the war launched against them in their own country, is exacerbating local violence due to territorial disputes between gangs, according to the authorities.last_img read more

Long Island Suffers When Nassau and Suffolk Can’t Get Their Act Together

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first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Up until last week’s piece on the Nassau Coliseum, the focus of my work for the Long Island Press has been mostly a critical look at recent planning efforts undertaken by Suffolk County. Notable examples include my analysis of the flawed Connect Long Island plan, criticisms concerning the Suffolk County’s lackluster water protection planning efforts, and my take on the recent “regional planning alliance” that was formed to shepherd through the Ronkonkoma Hub.The focus on Suffolk is intentional – simply put, Suffolk County is where the urban planning action (if it can be called that) is on Long Island. With roughly 46,000 acres of vacant open space left, multiple opportunities for redevelopment, and room for expansion, Suffolk is where any meaningful development policies can still be enacted on Long Island. Suffolk County’s policymakers routinely discuss land use issues. In Nassau, they toss tax breaks at political insiders while praying for the best. Even worse is that planning is needed just as much in Nassau as it is in Suffolk. Nassau is a stagnant county, and even worse off in regards to regional planning. Simply put, there is no body of work to build future strategies upon.Suffolk has a rich legacy of planning efforts that over the course of recent administrations has become watered-down and special-interest driven, which is a disservice to the process itself. Good policies have been enacted, continued and expanded, but others leave room for improvement. And that is why I write about these important issues in the first place.Late last week, Suffolk released the latest iteration of its “Comprehensive Master Plan.” Entitled Framework for the Future, this document lays out the county’s growth strategies through 2035. Interestingly enough, Suffolk already produced such a plan in 2011, and the Long Island Regional Planning Council studied Sustainable Strategies for Long Island 2035 in 2010. Both documents are detailed and lengthy (the LIRPC plan is around 230 pages), making the 76-page document just released by Suffolk seem quaint by comparison.Compared to the other efforts, the new report reads like a series of disjointed press releases from the Suffolk County Executive’s office. Essentially it is the same series of solutions that are pushed routinely. A true inventory that quantifies regional needs is missing. Where is a detailed housing analysis, data-backed commercial and industrial analysis, transportation assessment or the like? In the past, the county’s housing studies alone were 120 pages. In total, the latest plan, minus the introductions and the platitudes, has a mere 48 pages of written analysis. Quality vs. quantity is not the argument here because much of what is presented is clearly recycled content from the administration’s previous press releases, statements and Suffolk County reports. The previous studies were lengthy and dense – each page filled with facts, figures and recommendations.By itself, the latest version is not a bad document. The data included in it covers several years as it should. Arguably, the 2011 plan did all of the groundwork already, but what is troubling is that the current document released by the Steve Bellone administration makes no reference to any of the previous 2035 plans, even in passing. There has to be a better way to bring cohesion to these efforts.And they must go beyond photo ops and luncheon appearances featuring smiling county executives. At least, Suffolk provides a fertile ground for policy debate, creation and incubation. Not so west of Route 110. Recently, Nassau’s comptroller of all people had to take the reins to bring about a much needed discussion of the county’s future, hosting a series of public hearings and even going so far as to write a strategic plan in regards to retaining LI’s millennial generation. Time is running out for Nassau County Executive Ed Mangano and Suffolk County Executive Bellone to make a coordinated meaningful difference in meeting the Island’s ever-pressing needs.Our woes don’t respect the county line, and we have to stop planning at the regional level like they do.Rich Murdocco writes about Long Island’s land use and real estate development issues. He received his Master’s in Public Policy at Stony Brook University, where he studied regional planning under Dr. Lee Koppelman, Long Island’s veteran master planner. Murdocco is a regular contributor to the Long Island Press. More of his views can be found on www.TheFoggiestIdea.org or follow him on Twitter @TheFoggiestIdea.last_img read more

LOUD THINKING @ HrTurizam.hr / Influence of coronavirus on continental tourism – Slavonia

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first_imgMentor: Goran Rihelj, editor-in-chief of the HrTurizam.hr portal In the virtual studio we were joined by:  VIDEO / 1. LOUD THINKING @ HrTurizam.hr Influence of coronavirus on continental tourism – Slavonia. 2. JASMINA KRKIĆ POZNIĆ – owner of family accommodation Maksimilian and incoming tur. agency Maxi Tours, OSIJEK 1. KRISTINA DUKANOVIĆ – Director of Hotel Slavonija and Hotel Gem, VINKOVCI 3. ZRINKA SIX – owner of the electric solar ship Magenta 1 Vukovar Waterbus and DMC agency Danubiumtours 1. LOUD THINKING @ HrTurizam.hr we talked about the impact of the coronavirus on continental tourism – Slavonia.last_img

Local knowledge

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first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Brisbane median house price jumps as 15 suburbs hit million-dollar mark

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first_imgREIQ CEO Antonia Mercorella outside the new REIQ headquarters in Cannon Hill. Picture: Claudia BaxterREIQ chief executive Antonia Mercorella said the Queensland capital city was a consistent performer for property owners.“Brisbane now has its first $2 million suburb with Teneriffe, but compare this with Sydney, which has more than a dozen, possibly up to 14 suburbs with a median house price of $2 million or more.”Highgate Hill ($1.1625m), Hawthorne ($1,2m), Bulimba ($1.15m), Wilston ($1.15m) and West End ($1.08m made up the rest of Brisbane’s top 10 median prices. The other five million-dollar suburbs were Robertson ($1.077m), Chelmer ($1.053m), Clayfield ($1.05m), Fig Tree Pocket ($1.05m) and Paddington ($1.005m).REIQ found modest results across the state in the March quarter, with the Queensland median house price increasing slightly from $467,000 to $469,500 quarterly and up 3.3 per cent to $465,000 annually. Generic photo of Brisbane houses, real estate – Picture: Richard WalkerTHE median house price in the Brisbane City Council region jumped 27.5 per cent in the last five years as 15 suburbs hit million-dollar medians, latest industry data found.The Real Estate Institute of Queensland Market Monitor found the Brisbane local government area’s annual median price hit $650,000, while the March quarter figure was $642,000.It said Brisbane was the third-largest capital city house market in the country with about 35,400 sales per year yet was “more affordable than Perth, Canberra and Darwin where the markets are significantly smaller”.The standout suburb, Teneriffe, which hit $2.075m median in the March quarter, saw massive growth of 40 per cent in the past 12 months and 93 per cent in five years. More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoNew Farm ($1.615m), Ascot ($1.4125m), a strong performance by university suburb St Lucia ($1.185m), and Hamilton ($1.165m) rounded out the top five median prices for the Queensland capital city.last_img read more

Small Town Baseball

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first_imgYou have seen stories I have written in the past about some of the local baseball leagues that existed 50 years ago. Most of them are now just memories for us older folks. Recently, a group of us were talking about these leagues and how toward the end of the season towns liked to pick up an extra player to help them win the playoffs. In those days it wasn’t unusual for a town to have a good player playing in some minor league system. These lower minor leagues usually ended by September 1st so when the players came home, it was certain one of the area teams would pick them up to finish the season. Even if they weren’t pitchers for their minor league team, they often were asked to pitch for these local teams, because they were great athletes and probably had pitched some time in their past. This would always cause a lot of discussion between the local teams as to just how fair this procedure was. Really, the only thing that the other team was mad about is the fact that their hated rival got to this player first and signed him up before they did. No league president would interfere because these rivalries created a lot of interest which in turn filled the stands and added some much needed money to the league treasury. You can bet that the next year all the teams would go out and scour the area to see if there were any of these guys available for that final push for local bribing rights. All I know is that it was a lot of fun as a kid to go and watch these games, because the baseball was excellent and it only cost a couple bucks to see the game.last_img read more

Lady Bulldogs Spikers Sweep Lady Lions

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first_imgFrom Coach Shelly Prickel:The Batesville JV Volleyball team traveled to Rushville on Tuesday evening and earned a convincing 25-14, 25-9 win. Nikki Fox was perfect on all 13 serves scoring 9 points including 4 aces. Kerigan Haskamp earned 8 points, tied for the team lead with 4 kills, and rejected the Lion offense with 3 stuff blocks. Katie Bedel and Shelby Westerfeld also pounded 4 kills in the front line. Belle Wolters and Grace Sarringhaus each had 2 kills at the net. Grace Laudick had a team high 14 good serve receptions and 7 digs. Their record is now 11-4.In the Varsity match the lady bulldogs showed they could control a match winning 25-16, 25-19, 25-21.  Never once did we feel we may lose.  We had a uniform attack with multiple players having five or more kills.  Our service attack was strong and with less errors than usual.  If anything bothered us last night it was the heat.  We finally found a venue that makes us appreciate our gym; IT WAS HOT!  #* Lily Abplanalp controlled the service line for us standing back and serving for the most rotational points and aces.Dogs travel to South Dearborn for our first match up with them this season on Thursday.  JV start time will be 5:00.Courtesy of Bulldogs Coach Jody Thomas.last_img read more

Why Ferguson sold David Beckham to Real Madrid–Giggs

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first_img ‘The likes of David Beckham it was getting too much, where he was arguing every other week and it was just time for both parties to move and that happened on a few occasions.’ Beckham admitted it took him ‘years’ to watch United games after leaving the club, despite being a boyhood supporter of the Red Devils. read also; Beckham: How Messi Forced me Into Retirement The midfielder’s relationship with Ferguson remained cold until the pair made up around 2010 when Beckham was on loan at AC Milan. They’ve since put their differences aside. FacebookTwitterWhatsAppEmail分享 The former United winger swapped Old Trafford for the Bernabeu in 2003 for a fee of around £25million to bring his 15-year stay at the club to an end. Beckham’s final season at the club was marred by an incident after an FA Cup defeat to Arsenal in which Ferguson kicked a boot that hit the midfielder just above his eye. Speculation over Beckham’s future went into overdrive but Giggs denies the moment was the deciding factor, insisting instead that the constant bickering between the pair was the main reason. ‘I think the majority of the time it was for football reasons,’ Giggs told BeIN Sport. ‘It was to get someone in or the player maybe losing that influence. Or it was just the time.Advertisement Loading… Promoted ContentWho’s The Best Car Manufacturer Of All Time?Can Playing Too Many Video Games Hurt Your Body?Best Car Manufacturers In The WorldThe Very Last Bitcoin Will Be Mined Around 2140. Read More10 Risky Jobs Some Women DoCouples Who Celebrated Their Union In A Unique, Unforgettable WayTop 7 Best Car Manufacturers Of All TimeBirds Enjoy Living In A Gallery Space Created For ThemThe Models Of Paintings Whom The Artists Were Madly In Love With6 Interesting Ways To Make Money With A DroneA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This DayThe Funniest Prankster Grandma And Her Grandson Manchester United legend Ryan Giggs says David Beckham’s move to Real Madrid was inevitable after the former England captain started arguing on a ‘weekly basis’ with Sir Alex Ferguson.last_img read more

Genelle Henderson, 95, Elrod

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first_imgGenelle Ruth Henderson, 95, of Elrod passed away at 6:30pm, Tuesday, December 11, 2018 at Ripley Crossing in Milan. She was born near Elrod on June 29, 1923 the daughter of Morris and Elva Pearl Elliott Stevens. She was married to Chester Henderson on April 12, 1942 and he preceded her in death on November 8, 2007. Survivors include two daughters Rosalie Hooton, and Shirley (Tom) Pavey both of Elrod; 6 grandchildren, 15 great-grandchildren, and 5 great-great-grandchildren; one sister Virginia McDonald of Milan. She was also preceded in death by her parents, her granddaughter Nadine Wiley, her son-in-law Rev. Rand Hooton, her brother Donald Stevens, and her sisters Darlene Lambert and Doris Mounce. Mrs. Henderson was a 1940 graduate of Versailles High School. After high school Genelle worked as a nanny for an Orthodox Jewish family in Cincinnati, an experience that gave her a greater appreciation for faiths different than her own. After marriage she helped Chester on the farm with everything from field work to tending to the livestock. She and Chester also did a lot of hunting together and Genelle was a crack shot with a 22, often outdoing her husband in squirrels, rabbits, and crows. Genelle served as secretary for the Johnson Township as well as the Ripley County Farm Bureau and also for the Laughery Association American Baptist Women. She was a former trustee for the Southeastern Baptist Youth Camp at Westport and she and Chester were former youth leaders at the Washington Baptist Church at Elrod. Genelle was a member of the Versailles Baptist Church, the Ripley County Historical Society, and she and Chester were also former ambassadors for People to People which included farm tours to New Zealand, Australia, and England. Funeral services will be held on Monday, December 17th at 11am at the Versailles Baptist Church with Rev. Mike Cantrell and Rev. Harold Carter officiating. Burial will be in the Cliff Hill Cemetery. Visitation will be on Sunday from 4pm to 7pm at the Stratton-Karsteter Funeral Home and from 10am until time of services Monday at the church. Memorials may be given to the Versailles Baptist Church, the Southeastern Baptist Youth Camp, or the American Bible Society in care of the funeral home.last_img read more