CVPS, DPS agree on smaller rate increase of 7.67 percent

first_imgCentral Vermont Public Service (NYSE-CV) and the Vermont Department of Public Service have agreed to a rate settlement that will reduce a November rate request.Driven by reliability and transmission improvements and increasing power costs, in November CVPS asked the Vermont Public Service Board to authorize an 8.34 percent rate increase under the company’s alternative regulation plan. CVPS and the DPS have agreed to reduce the increase, which is expected to take effect Jan. 1, to 7.67 percent. The agreement also amends and extends the company’s alternative regulation plan.Under the settlement, which must be approved by the PSB, the company’s allowed return on equity would remain at the current level of 9.59 percent. CVPS agreed to reduce its return on equity request and make an additional $13 million investment in the Vermont Electric Power Company by the end of the year, changes that reduced the size of the rate increase.Even with the increase, CVPS states that its rates will remain among the lowest of the major utilities in New England.Under the proposed base rate change, a residential customer using 500 kilowatt-hours per month would experience a $5.91 increase, from $78.11 to $84.02. By comparison, the same customer would pay as much as $121.80 elsewhere in New England, according to the Edison Electric Institute.Since 1999, CVPS rates have risen at a fraction of the rate of inflation in the energy sector, with a handful of increases and decreases, including a 1.15 percent decrease in July. Overall, rates in 2011 are expected to be 21.8 percent higher than in 1999. Based on the latest federal data available, the Consumer Price Index for Energy has increased 81 percent.‘We have worked hard to mitigate the need for a rate increase, and are pleased that the VELCO investment will help reduce the impact on customers,’ President Bob Young said. ‘The increase is driven in large part by increases in power costs and a large increase for reliability improvements and regional transmission costs.‘I wish we could forego an increase, but we must continue to invest in our systems and pay our share of regional transmission costs,’ Young said. ‘While it doesn’t eliminate the impact, I am proud to say we will continue to provide a value that is extremely competitive in the region, even after the increase.’Other Vermont utilities have received rate increases ranging from 3.11 percent to as much as 30.76 percent in the past 8 months.The new rates will serve as the base rates for 2011 under CVPS’s amended alternative regulation framework. Under the plan, CVPS’s rates are adjusted up or down every quarter to account for specified changes in power costs, and annually for specified changes in other costs and earnings.Source: CVPS. 12.22.2010last_img read more

Iran’s Regime is a Threat to International Financial System, Group Says

first_imgBy ShareAmerica February 27, 2020 Iran needs to be essentially blacklisted from participating in the international financial system after the regime refused to implement restrictions against terrorist financing, an international watchdog group said February 21.The Paris-based Financial Action Task Force (FATF) had given Iran’s regime a February deadline to enact restrictions against money laundering and terrorist financing. But the regime declined to take adequate steps, and FATF is cautioning against investment.The “FATF will remain concerned with the terrorist financing risk emanating from Iran and the threat this poses to the international financial system,” the 37-member organization said in a February 21 statement.FATF noted that Iran’s regime committed to implementing reforms in June 2016 but has declined to adopt international standards. North Korea is the only other country that FATF deems “high-risk,” essentially blacklisting it from the international financial system.The United States commended the FATF action. “The regime needs to adhere to the basic standards that virtually every other country in the world agrees to,” U.S. Secretary of State Mike Pompeo said in a February 21 statement.“Iran must cease its reckless behavior and act like a normal nation if it wants its isolation to end,” he said.The United States is using economic sanctions to deny Iran’s regime the revenue it would use to fund U.S.-designated terrorist groups, such as Hezbollah and Hamas, and the regime’s own Islamic Revolutionary Guard Corps (IRGC).Iranian President Hassan Rouhani has even acknowledged that the regime’s failure to curb money laundering deters investment and called for compliance with FATF rules.But Rouhani’s call for compliance with international anti-terrorist financing standards belies the fact that he has been part of the problem. In 2019, Rouhani pulled billions from Iran’s National Development Fund to support the regime’s IRGC.last_img read more

NZ Chlamydia rate climbs

first_imgReport reveals NZ children diagnosed with chlamydiaNZ Herald 21 January 2016An annual report reveals more than 28,000 Kiwis contracted the most common sexually transmitted disease, chlamydia, last year.Eighty-three children under the age of one were also reported to have contracted the disease, according to the Institute of Environmental Science and Research.The research revealed infants born to infected mothers could contract the disease during delivery.The report also revealed 83 per cent of chlamydia cases were most commonly diagnosed in females between the ages of 15 to 24 years.Maori females aged between 15 to 19 years old were reported to have the highest estimated rate of the disease — more than twice the national estimate.Gonorrhoea was found in 70 out of every 100,000 Kiwis.Maori females aged 15 to 19 years were reported to have the highest estimated rate — with 396 reported cases per 100,000 people.That was more than threes times the national rate. up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more


first_imgBY EMMET RUSHE: I’m going to ask you a question….This might seem odd to you. You might even disagree with me, but what I’m about to ask you could be the biggest reason why you are not sticking to the goals that you set out for yourself at the start of the year.Is your social circle preventing you from losing weight? Whenever you begin to take control of your health and initially start your journey into weight loss, people will be happy for you. You will receive a lot of encouragement and this will help spur you on.But….after a while, you will begin to notice some small changes in how some of your friends, family and work colleagues act around you.This will be subtle to begin with.Actually it will be like the scene in ‘Jaws’… the person is swimming in the ocean, blissfully unaware that anything strange is happening. Then the music starts…Duh, Duh….Duh, Duh. Then all of a sudden, SNAP! This is pretty much how it goes when you start. It could be some small remarks, maybe regarding how you are eating, or maybe you declined the usual Friday night ‘after work’ drinks.Then, you begin to lose weight, or maybe you drop a dress size. All of a sudden the water gets a bit choppier.The small indirect comments will become direct ones. There will be questions; lots of confusing, conflicting questions and some of the stories will be so absurd, they have to be true, don’t they?Questions like:* ‘Why do you want to lose weight’? * ‘I don’t know how you can eat like that’* ‘You can’t miss another night out’?The stories that you will hear will go something like this:* ‘2 litres!, I know this one person who drank that much water and they died!’ * ‘When you stop training all your muscle will turn to fat, you should just stop now!’* ‘You are just depriving yourself. Give in now and it will save you all the heartache later on. You know you will give up anyways.’This is the undercurrent that will eventually drag you down into the murky depths of despair.The real question is why would your family and friends do this? Why would they try and prevent you from achieving your goals?The answer is simple. They cannot help it.Change makes people uncomfortable, really uncomfortable. When you start to lose weight all of their insecurities about themselves are being highlighted. The more you succeed, the more they realise their own failings and hence the more they want you to fail. But don’t be angry. They probably don’t even realise that they are doing it.Now, I am not saying that everyone will do this, but I’m sure that everyone reading this has at one time or another been subject to this sort of behaviour.So, what do you do?Invite your friends and work colleagues to join you. If you can create a social circle that is actively involved in your goals, your ability to achieve them will be easier.Stay focused on your goals, there will always be temptation, there will always be an easy option, don’t take it.You can sink into the murky waters of negativity, or you can swim past the sharks and get to where you want to go.#TrainSmartFor further information on Personal Training and Nutrition you can contact me through the link below.* Emmet is the owner and operator of Rushe Personal Training and PerformanceEMMET RUSHE’S FITNESS COLUMN: IS YOUR SOCIAL CIRCLE PREVENTING YOU FROM LOSING WEIGHT? was last modified: February 2nd, 2014 by John2Share 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:emmet rushefitnesspersonal trainerweight loss advicelast_img read more