Utilities, governor hail PSB approval of Hydro-Québec agreement

first_imgVermont Governor Peter Shumlin and utility leaders today hailed the Public Service Board’s approval of a 26-year contract with Hydro-Québec, a key element of Vermont’s energy future.‘I am glad that the Public Service Board approved this agreement for clean, reliable, and favorably priced power for Vermonters,’ Gov. Shumlin said.  ‘Hydro-Québec has been an important partner in Vermont for many years, and will continue to be a key player in Vermont’s energy future.’ The PSB order, issued late Friday, is the culmination of a more than a year-long process that began with the signing of a memorandum of understanding between Central Vermont Public Service (NYSE-CV), Green Mountain Power and Hydro-Québec in March 2010.  The MOU led to a contract last August, now approved by the PSB, which will benefit not only CVPS and GMP customers, but people across Vermont. ‘We are very pleased that the Public Service Board has validated our belief that this will be a very favorable contract for Vermont,’ CVPS President Larry Reilly and GMP President Mary Powell said in a joint statement.  ‘This approval ensures a large, clean, renewable baseload energy source in our portfolios that will be competitively priced and reliable.’ The PSB concurred.  ‘The proposed HQ (agreement) would provide a number of benefits to the Vermont utilities and their ratepayers,’ the board said.  ‘First, over the term of the contract the price of power is expected to be competitive with or favorable to market prices, and is less expensive than currently available sources of power with similar characteristics. Second, the price for this power is expected to be more stable than purely market-based purchases due to the formula for determining its future price. ‘This formula is based not only on market prices for power but also on inflation, and includes a buffering feature that limits year-to-year price fluctuations,’ the board said. ‘Third, the Vermont utilities will receive environmental attributes associated with the energy delivered by HQUS into the New England market in an amount matching the Vermont utilities’ purchases under the HQ PPA and reflecting at least 90 percent hydroelectricity, which Vermont law recognizes as renewable.’ Under the agreement, Vermont will purchase up to 225 megawatts of energy starting in November 2012 and ending in 2038. Hydro-Québec’s generating fleet is 98 percent hydroelectric. The agreement includes a price-smoothing mechanism that will shield customers from volatile market prices. The price will start at approximately 5.8 cents per kilowatt-hour.  Vermont has purchased energy from Quebec for decades. In the early 1980s, the first longer-term power deals were established.  The current Vermont-Hydro-Québec contract, which was signed on Dec. 4, 1987, phases out largely in 2016. The current contract has proven to be a sound agreement for Vermont, helping GMP and CVPS maintain clean portfolios and rates that are among the lowest in New England. The new energy contract was negotiated between CVPS, GMP and H.Q. Energy Services (U.S.) Inc., an indirect wholly owned subsidiary of Hydro-Québec. Other Vermont utilities that have confirmed their intent to purchase energy under this agreement are Vermont Public Power Supply Authority, Vermont Electric Cooperative Inc., Vermont Marble Power Division of Omya Industries Inc., the Town of Stowe Electric Department and the Burlington Electric Department.Soruce: CVPS, GMP. 4.18.2011last_img read more

Whispers in Watford warm faint Herts

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Telkomsel says Sumatra network restored ‘100%’ after Tuesday’s fire

first_imgMobile network operator Telkomsel announced on Wednesday that its island-wide network on Sumatra was restored after a fire erupted on Tuesday afternoon at its offices in Pekanbaru, the capital of Riau province.“[The network] has been restored 100 percent,” Telkomsel vice president of corporate communications Denny Abidin said on Wednesday as quoted by kompas.com, and that customers could access all services as usual.”We apologize to customers for this inconvenience. We appreciate our loyal customers for continuing to use our services,” he added. A fire broke out on Tuesday afternoon at the Telkom building on Jl Jenderal Sudirman in Pekanbaru, damaging the automated telephone center (STO) and disrupting the services of both Telkom and parent company Telkom in certain areas of the province.The outage affected Telkomsel customers in Sumatra who reported that the company’s telephone, SMS and internet services, including Telkom’s IndiHome wireless service, became unavailable as a result of the fire.Rozi Syahputera, a customer in Medan, told The Jakarta Post on Tuesday evening that he had no mobile signal since the afternoon, disgruntled that it was taking Telkomsel so long to restore the connection.”I am disappointed. No phone calls or the internet since this afternoon. We do not know how long it will take [to restore access],” Rozi said. He added that he had been forced to switch temporarily to another provider to regain access to the internet.Iyan, an ojol (ride-hailing motorcycle taxi driver), said he was severely affected by the network outage that had disrupted his ability to deliver food.“A customer ordered [food] when the network was still fine, but I couldn’t contact the person [later] when the network was [down]. I couldn’t deliver the order,” he said.Topics :last_img read more

McIlroy’s poor form continues

first_img McIlroy won five times last year, including his second major title in the US PGA Championship at Kiawah Island, but has struggled to reproduce that form in 2013. The 24-year-old finished 41st in the US Open at Merion a fortnight ago and on Wednesday apologised for throwing a club and bending his nine iron out of shape during a final round of 76. Sweden’s Oscar Floren carded a six-under-par 66 to lead by one from former champion Shane Lowry, Michael Hoey, Joost Luiten, Peter Uihlein and Jean-Baptiste Gonnet. Lowry, who was still an amateur when he won at Baltray in 2009, was playing alongside McIlroy – whom he beat in the first round of the Accenture Match Play in February – while the third member of the group, the in-form Thomas Bjorn, carded a 68 that was matched by the likes of Paul Casey and former Ryder Cup captain Jose Maria Olazabal. McIlroy cut a disconsolate figure after his round and there was a long pause when he was asked what was going wrong. “I don’t really know,” the world number two said. “No aspects of my game are standing out as strong. I’m hitting it well on the range and struggling hitting shots out on the course. The game is not coming as easy to me as it did last year. “Off the tee I’m missing it left and right and it’s difficult to stand on the tee and be confident that at least one side is out of play. I don’t know if it’s a case of playing through it or grinding it out on the range. “I just feel a little lost at the moment. I had a good chat with my dad and Michael Bannon (his coach) the Saturday night of the US Open and felt like we got a bit of direction from there, but it’s tough when you have rounds like this or you have tournaments where you think you’re getting somewhere and all of a sudden you’re stopped in your tracks and you’ve got to re-assess everything again. “I’m staying patient and I don’t want to say I’m accepting this, but there’s nothing else I can do apart from trying to play well, practise and try to hit better shots.” Rory McIlroy admitted to feeling “a little lost” as he struggled to a first round of 74 in the Irish Open that left him eight shots off the lead and battling to make the cut.center_img Press Associationlast_img read more