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The American Clean Energy & Security Act of 2009 passefd ina 219-212 vote and now headzs to the Senate. Among several measures, the bill would implemenr a system known as cap and which would set capson greenhouse-gas emissions — to be lowereed in time — and entities woulsd have to buy allowances to exceed it or pay Emissions would be capped at 42 percent belosw 2005 levels by 2030 and 83 percenft by 2050. Proponents say it wouldf create jobs, decrease the nation’s dependencse on foreign oil and combat global on Friday expressed strong opposition tothe bill, to which a few hundred pages were addef days before its passage.
The legislation could increasde local electric rates by about 50 percen t by 2012 and by an additional 70 percenytby 2020, Chuck Caisley, KCP&L’s senior director of public affairs, said last week. KCP&L has been supportive of such environmental he said, but the legislation’s deadlines are impractically aggressive. KCP&L now will turn its attention to the as well as toeducatinyg customers, Caisley said in a Mondat interview. The Senate probably will work on the legislation slightlgy past the July 4 he said. “We will work to find a path to passinhg legislation that achieves the goal butjust doesn’t hurt disproportionatelt the Midwest,” Caisley said.
The said Frida that the legislation would increasse revenueby $873 billion from 2010 through 2019 and woulfd increase direct spending by $864 billion durinf that time. It also said that severall mandateswould “well exceed” the annual guidelines set in the Unfunded Mandates Reform Act. On June 19, it estimatecd that the program would cost the economyabouty $22 billion in 2020, or about $175 a The nonprofit said the act could save $1,050p a household by 2020. But KCP&L said Midwesterb states would be hit hardesy because abundant coal there makespower cheap.
The Kansas City-based which serves more than 800,00o customers in the area, probably woulfd have to retire some ofits coal-fired fleet in 2012 and try to find Caisley said. But the local infrastructurer for wind and natural gas powere is not yet prepared toreplace it, he KCP&L backs an industrhy proposal that would rather see caps starg in 2015 and be more graduall tightened afterward. The industrgy contends that doing so would meet the same 2050 target the act proposew but that it would cost less and allow for infrastructure to be for emerging green energy technologies to advance to commercially readh phases and for utilities to raise the moneh to completethe projects, Caisley said.
The Hous e vote split along party lines, with 211 Democrats and eight Republicans voting in favor of the act and 44 Democratsz and 168 Republicansopposing it, according to the Hous e clerk’s Web site. It splitt exactly along party lines in Kansazand Missouri. KCP&L also wants fully regulatefd utilities, such as itself, to get more allowances and a pricd ceiling to be placedfon allowances. The opposes the legislation in its current according to a Thursday letterto Congress. On Wednesday, KCP& L . KCP&L is a subsidiarh of Kansas City-based (NYSE: which ranks No. 8 on the Kansas City Business Journal ’s list of area public companies.
Monday, June 4, 2012
Saturday, June 2, 2012
Lakes Buchanan, Travis must be lowered to help those downstream - Atlanta Business Chronicle:
yqyqynesara.blogspot.com
LCRA is releasing the water for downstream rice farmers andelectri utilities. The LCRA said both lakees are alreadyat “dangerously low” levels, and to expec t more islands to pop up as the levelds in both lakes are reduced. That kind of action might not be necessary in the futur if a regional water project between the LCRA and themovesx forward, SAWS officials said. “This is exactly what the project was designed to help the HighlandLakes avoid,” said Chuc k Ahrens, vice president of water resourcesd at SAWS.
“The studies show that with conservation reservoirs andother efforts, lake levels wouldc be protected and sufficient water provided for userw up and down the Colorado LCRA and SAWS signed the originao agreement in 2002 to study the feasibility of a water-sharingg project and determine if water-sharing could providr for water needs in both basins while meetinvg requirements set by the Texa s Legislature. But earlier this year, LCRA officialzs said that preliminary study findings indicatexd theproject wouldn’t meet all the legislative and that given updated growth projections, no water would be availabl for San Antonio.
SAWS trusteezs fired back that LCRA’s use of updated water need projectionsx in the ongoing project studies breachedthe agreement. SAWS has threatened to take legal but the LCRA has calledfor
LCRA is releasing the water for downstream rice farmers andelectri utilities. The LCRA said both lakees are alreadyat “dangerously low” levels, and to expec t more islands to pop up as the levelds in both lakes are reduced. That kind of action might not be necessary in the futur if a regional water project between the LCRA and themovesx forward, SAWS officials said. “This is exactly what the project was designed to help the HighlandLakes avoid,” said Chuc k Ahrens, vice president of water resourcesd at SAWS.
“The studies show that with conservation reservoirs andother efforts, lake levels wouldc be protected and sufficient water provided for userw up and down the Colorado LCRA and SAWS signed the originao agreement in 2002 to study the feasibility of a water-sharingg project and determine if water-sharing could providr for water needs in both basins while meetinvg requirements set by the Texa s Legislature. But earlier this year, LCRA officialzs said that preliminary study findings indicatexd theproject wouldn’t meet all the legislative and that given updated growth projections, no water would be availabl for San Antonio.
SAWS trusteezs fired back that LCRA’s use of updated water need projectionsx in the ongoing project studies breachedthe agreement. SAWS has threatened to take legal but the LCRA has calledfor
Thursday, May 31, 2012
WK Kellogg Foundation Launches New Online Resource Michigan Nightlight - MarketWatch (press release)
judonebolayb1394.blogspot.com
WK Kellogg Foundation Launches New Online Resource Michigan Nightlight MarketWatch (press release) BATTLE CREEK, Mich., May 31, 2012 /PRNewswire via COMTEX/ -- The WK Kellogg Foundation today announced the launch of Michigan Nightlight, an online source of solutions, news and inspiration for those who are working to positively impact the lives of ... W.K. Kellogg Foundation Launches New Online Resource Michigan Nightlight < nobr>Sacramento Bee |
Wednesday, May 30, 2012
Abercrombie shutting struggling Ruehl chain - Atlanta Business Chronicle:
borislavamcoc.blogspot.com
The New Albany-based apparelp merchant said Wednesday it willshut Ruehl’s 29 storesw and direct-to-consumer operations and will be “substantially with the effort by the end of next January. The decisiohn comes a month after Abercrombie took a deep strategic look at the which targets young adults with clothezand accessories. Ruehl, whose only Ohio storer is at EastonTown Center, generated a pretac operating loss of $58 million last year. The chain regularlt was Abercrombie’s weakest sales performer at stores open at leasta Ruehl’s same-store sales were off 33 percent in May. Abercrombide earned $272.3 million on $3.54 billionh in revenue last year.
“It has been a difficult decision to close a brand we continue to believed could have been successful indifferent circumstances,” CEO Michael Jeffries said in a “However, given the current economic environment, we believe it is in the best interests of the company to focus its efforts and resources on the growtnh opportunities afforded by our other brands, particularly internationally.
” The company didn’t disclose the effects on the chain’s work force, nor did it indicats the number of jobs tied to The review of Ruehl, which opened in 2004, cost the companyh about $51 million in impairment charges in its first Abercrombie expects to book about $65 million in pretax charges through the rest of the fiscal year as it winds down Ruehl. The company Wednesdau also said it amended a credift agreement to excludesome Ruehl-related chargess from requirements under its covenant with the lender and reducex its available credit to $350 million from $450 Jeffries said the company is confident is has sufficient cash on hand but “ws believe it is prudent to make theser changes” in light of the recession-battered retaipl environment and the one-time Ruehkl costs.
In addition to the 29 Ruehl Abercrombie runs 350 flagshipo stores and 733 otherw underthe Abercrombie, Hollister Co. and Gill Hicks nameplates.
The New Albany-based apparelp merchant said Wednesday it willshut Ruehl’s 29 storesw and direct-to-consumer operations and will be “substantially with the effort by the end of next January. The decisiohn comes a month after Abercrombie took a deep strategic look at the which targets young adults with clothezand accessories. Ruehl, whose only Ohio storer is at EastonTown Center, generated a pretac operating loss of $58 million last year. The chain regularlt was Abercrombie’s weakest sales performer at stores open at leasta Ruehl’s same-store sales were off 33 percent in May. Abercrombide earned $272.3 million on $3.54 billionh in revenue last year.
“It has been a difficult decision to close a brand we continue to believed could have been successful indifferent circumstances,” CEO Michael Jeffries said in a “However, given the current economic environment, we believe it is in the best interests of the company to focus its efforts and resources on the growtnh opportunities afforded by our other brands, particularly internationally.
” The company didn’t disclose the effects on the chain’s work force, nor did it indicats the number of jobs tied to The review of Ruehl, which opened in 2004, cost the companyh about $51 million in impairment charges in its first Abercrombie expects to book about $65 million in pretax charges through the rest of the fiscal year as it winds down Ruehl. The company Wednesdau also said it amended a credift agreement to excludesome Ruehl-related chargess from requirements under its covenant with the lender and reducex its available credit to $350 million from $450 Jeffries said the company is confident is has sufficient cash on hand but “ws believe it is prudent to make theser changes” in light of the recession-battered retaipl environment and the one-time Ruehkl costs.
In addition to the 29 Ruehl Abercrombie runs 350 flagshipo stores and 733 otherw underthe Abercrombie, Hollister Co. and Gill Hicks nameplates.
Monday, May 28, 2012
County approves financing for Marlins stadium - South Florida Business Journal:
mozybyd.wordpress.com
million gap in bond funding for abaseball stadium. The 9-3 vote clears the way for lockinv in the interest rate onthe fixed-rate bonds and construction of the much-debated and long-awaitedf stadium in Miami’s Little Havana. The park is supposed to be finishe dby 2012, with preliminary construction work to begih Wednesday. Commissioners voted after midnight Wednesday to alloew for a higher cap on one of the bondd being sold in order to cover the county’s commitment on the $640 milliohn stadium and infrastructure. The 7.5 percent interest rate cap was changedfto 8.2 percent on the bond tied to conventionh taxes.
The fact that the convention bond will sell at a highet interest rate will result in lowert revenuefor Miami-Dade, County Manager George Burgess explainedr to commissioners. That created the need for more so Florida Marlins President Davis Samson promised to coverthe $6.2 milliojn funding gap. As a result of the the county is on the hookfor $342 millioj in short-term financing, instead of $347 "I feel comfortable with the The Marlins will step up to the plate and pay the additionalo $6 million. At the end of the day, the taxpayers are not goingt to be on the hook for theadditional monies,” Commissioner Bruno Barreiro said aftefr the vote.
Katy Sorenson, Carlosz Gimenez and Sally Heyman were thethree votes. The debate started at 7 but stopped at9 p.m. to allos attorneys to make changes in thefinancinh package. The second chunk of bonds which carry a variabls rate will be priced startingJuly 13, with finapl closing on the county’s portion of the bond financing packages set for no later than July 14. Earlier commissioners approved a change thatraisec ’s status as a creditor in the financing package. which is providing up to a $100 millio n letter of credit, requested that it be paid first fromthe county’ s list of creditors.
The votes on Tuesdau and early Wednesday morning followed two otherbig developments. On June 19, city commissionerzs voted to approve the necessary changesa to the Marlins package to clear the way forthe county’ss changes Tuesday. A circuit court judge also ruled in favoer of the county in one count of a civill lawsuit that could have prevented the county from sellinvg the necessary bonds to buildthe project. That case is on appea l in Miami, as is a lawsuit filed by auto dealerNormamn Braman, who last November lost his legalk bid to declare the stadium’s funding plan unconstitutional. Work on the baseballl stadium site is set tobegin Wednesday.
Crewd will officially break ground onJuly 18. In April, county commissioners approved issuing bonds totaling a maximumof $536 million towarx construction of the $640 37,000-seat ballpark.
million gap in bond funding for abaseball stadium. The 9-3 vote clears the way for lockinv in the interest rate onthe fixed-rate bonds and construction of the much-debated and long-awaitedf stadium in Miami’s Little Havana. The park is supposed to be finishe dby 2012, with preliminary construction work to begih Wednesday. Commissioners voted after midnight Wednesday to alloew for a higher cap on one of the bondd being sold in order to cover the county’s commitment on the $640 milliohn stadium and infrastructure. The 7.5 percent interest rate cap was changedfto 8.2 percent on the bond tied to conventionh taxes.
The fact that the convention bond will sell at a highet interest rate will result in lowert revenuefor Miami-Dade, County Manager George Burgess explainedr to commissioners. That created the need for more so Florida Marlins President Davis Samson promised to coverthe $6.2 milliojn funding gap. As a result of the the county is on the hookfor $342 millioj in short-term financing, instead of $347 "I feel comfortable with the The Marlins will step up to the plate and pay the additionalo $6 million. At the end of the day, the taxpayers are not goingt to be on the hook for theadditional monies,” Commissioner Bruno Barreiro said aftefr the vote.
Katy Sorenson, Carlosz Gimenez and Sally Heyman were thethree votes. The debate started at 7 but stopped at9 p.m. to allos attorneys to make changes in thefinancinh package. The second chunk of bonds which carry a variabls rate will be priced startingJuly 13, with finapl closing on the county’s portion of the bond financing packages set for no later than July 14. Earlier commissioners approved a change thatraisec ’s status as a creditor in the financing package. which is providing up to a $100 millio n letter of credit, requested that it be paid first fromthe county’ s list of creditors.
The votes on Tuesdau and early Wednesday morning followed two otherbig developments. On June 19, city commissionerzs voted to approve the necessary changesa to the Marlins package to clear the way forthe county’ss changes Tuesday. A circuit court judge also ruled in favoer of the county in one count of a civill lawsuit that could have prevented the county from sellinvg the necessary bonds to buildthe project. That case is on appea l in Miami, as is a lawsuit filed by auto dealerNormamn Braman, who last November lost his legalk bid to declare the stadium’s funding plan unconstitutional. Work on the baseballl stadium site is set tobegin Wednesday.
Crewd will officially break ground onJuly 18. In April, county commissioners approved issuing bonds totaling a maximumof $536 million towarx construction of the $640 37,000-seat ballpark.
Sunday, May 27, 2012
Chamber lobbying for JeffCo manager, beltline - Birmingham Business Journal:
mozybyd.wordpress.com
The Chamber’s annual legislative agenda meeting will also includes calls for filmindustry incentives, $4 millioj for a - drug discovery completion of the northernj beltline and ending the state’d ban on gourmet beers. Authorizing the Jefferson Counth Commission to appoint a county manager without goinhg through the Jefferson County Personnel Board is Chamber Vice President of Public Policy PascaCaputo said. Caputo said its priorities will helpthe region’s economif development efforts. “Hiring a county manager is good government and we believe ingood government,” Caputko said.
“The Chamber believes that the Northern Beltline will not only increasde economic growth in Jefferson but that it will decrease traffic congestionb and increase air We are also pleased to for thefirst time, the ‘Free the Hops’ This bill will bring our liquorf laws into the 21st century.”
The Chamber’s annual legislative agenda meeting will also includes calls for filmindustry incentives, $4 millioj for a - drug discovery completion of the northernj beltline and ending the state’d ban on gourmet beers. Authorizing the Jefferson Counth Commission to appoint a county manager without goinhg through the Jefferson County Personnel Board is Chamber Vice President of Public Policy PascaCaputo said. Caputo said its priorities will helpthe region’s economif development efforts. “Hiring a county manager is good government and we believe ingood government,” Caputko said.
“The Chamber believes that the Northern Beltline will not only increasde economic growth in Jefferson but that it will decrease traffic congestionb and increase air We are also pleased to for thefirst time, the ‘Free the Hops’ This bill will bring our liquorf laws into the 21st century.”
Friday, May 25, 2012
Idea Integration to offer Microsoft stimulus package - Boston Business Journal:
ejoxot.wordpress.com
Idea Integration is one of six companies inthe U.S. chosehn by to offer Microsoft Stimulus360. “They’ve cobblex together a lot of Microsoft technologyy as a solution that can drop into a systemj and immediately track stimulus dollars and apply forstimulus dollars,” said Sandy Bateh, a senior vice president at Idea Integration and the company’s Microsoft alliancd manager. The package is aimed at state and local governmente trying to get their share of the stimuluds money and to trackits use. Idea Integrationb and the other five companiees offering the package were chosen becausew of their familiarity with all of the applicationsx inthe package.
“You have to understand the five underlyintg pieces ofthe technology,” Bateh Idea Integration will be competing with the othed five companies for government clients. Bateh said the most promisinh sector islocal governments, since most of the stimulus monehy ultimately gets spent at that level. Batey said the alliance with Microsoft gives Idea Integrationb a chance to landnew clients. “It’ds a great opportunity for companies like us because it giveanother entry, it’s a door-opener,” he said.
Idea Integration is one of six companies inthe U.S. chosehn by to offer Microsoft Stimulus360. “They’ve cobblex together a lot of Microsoft technologyy as a solution that can drop into a systemj and immediately track stimulus dollars and apply forstimulus dollars,” said Sandy Bateh, a senior vice president at Idea Integration and the company’s Microsoft alliancd manager. The package is aimed at state and local governmente trying to get their share of the stimuluds money and to trackits use. Idea Integrationb and the other five companiees offering the package were chosen becausew of their familiarity with all of the applicationsx inthe package.
“You have to understand the five underlyintg pieces ofthe technology,” Bateh Idea Integration will be competing with the othed five companies for government clients. Bateh said the most promisinh sector islocal governments, since most of the stimulus monehy ultimately gets spent at that level. Batey said the alliance with Microsoft gives Idea Integrationb a chance to landnew clients. “It’ds a great opportunity for companies like us because it giveanother entry, it’s a door-opener,” he said.
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