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

Taylor enjoys winning return

first_img Taylor received a raucous reception at the purpose-built boxing arena which was filled to capacity on a night on which 15 national men’s and women’s champions were also crowned. It was the kind of low-key comeback favoured by Taylor, who has admitted struggling with the fame foisted upon her since she underlined her status as her nation’s favourite sports star with victory in London. Taylor was caught by a couple of counters in the second round but soon found her range with her clubbing left hand, and seemed to relish the chance to work off the rust that had gathered from her six months out of the ring. Another booming left at the start of the third prompted the referee’s intervention to issue Graczyk a standing eight count, and Taylor’s relentless accuracy and range of shots soon had the referee interrupting again. The Pole’s sparse shots seemed almost feeble in response, with every Taylor strike jolting her opponent back, and Graczyk did admirably well to make it all the way to the final bell. It was the start of a busy weekend for Taylor, who is scheduled to fight again in Dublin on Sunday as she builds up to her competitive return, which is likely to come at the EU Championships in Hungary in June. Earlier, Olympic bronze medallist Michael Conlan claimed his third straight national title at flyweight, easing away for a comprehensive 20-9 win over Chris Phelan. Beijing silver medallist Ken Egan announced his retirement after suffering his third straight finals defeat to Joe Ward at light-heavyweight, taking a standing count en route to a 25-5 defeat. The 31-year-old Egan was bidding to become the first man to win 11 Irish senior titles and brought everything, but was simply outgunned by the sustained ferocity of an opponent 13 years his junior. Olympic champion Katie Taylor marked her return to action for the first time since her gold medal triumph last August with a 28-5 win over Poland’s Karolina Graczyk at the National Stadium in Dublin on Friday night.center_img Press Associationlast_img read more

Inter Milan 0 – 1 Bayern Munich

first_imgMario Gomez struck in injury time as Bayern Munich took a huge step towards avenging their defeat by Inter Milan in the 2010 Champions League final.The Bundesliga top scorer pounced on an error by Inter keeper Julio Cesar to tap home a priceless away goal in the first leg of the sides’ last-16 clash.Bayern played the better football throughout with Franck Ribery and Arjen Robben hitting the woodwork.Samuel Eto’o was repeatedly denied by keeper Thomas Kraft in an open match.Yet the game looked to be heading for a stalemate until the 90th minute when Cesar failed to hold Robben’s 20-yard strike and Gomez capitalised, leaving Inter’s grasp on the Champions League crown they won last May hanging by a thread.It was no less than the Germans deserved for a display full of attacking panache, led by the outstanding Robben, with 22-year-old goalkeeper Kraft imperious on his ninth senior match for the club. The two sides have endured a rough time since meeting in last year’s final, with Inter eclipsed by rivals AC Milan in Serie A and Bayern 13 points adrift of the Bundesliga summit.But both have improved of late, with Bayern in particular notching 22 goals in their previous seven games, and they produced an entertaining match with a dramatic finale.The Inter side that beat Bayern 2-0 last season famously had no Italians in it but the sole indigenous player in the current line-up, Andrea Ranocchia, should have given the Nerazzurri the lead within 70 seconds.The young centre-back, making his first Champions League start, found himself unmarked from Wesley Sneijder’s free-kick but he turned his effort wide from a few yards out.Bayern youngster Kraft was then called into action to charge down a close-range effort from Esteban Cambiasso. The visitors improved with star duo Ribery and Robben, playing together for only the third time this season because of injuries, beginning to shine.The pair combined to create Bayern’s best chance of the first half when Ribery headed his team-mate’s dinked cross against the bar.A fabulous Bayern passing move then ended inauspiciously when Gomez walloped the ball way over the bar from 10 yards.While the visitors continued to play the prettier football, Inter’s defence proved typically durable and the Italians created another chance when Kraft made a terrific one-handed save to deny Eto’o from 12 yards.Bayern had a great opportunity to break the deadlock seconds after half-time when Robben’s right-wing cross presented Thomas Mueller with a free header, which he contrived to glance well wide.Robben then created a chance for himself, scurrying across the penalty area before rifling an effort against the outside of the post as the Germans began to look dominant. Bayern’s stylish approach play continued to be undermined by their sloppiness in defence and Kraft again came to the rescue to parry Eto’o’s fierce effort, with Cambiasso spooning the rebound over with the goal at his mercy.Just as the match appeared to be igniting, it just as quickly began to fizzle out with Bayern unable to find the final ball to compliment their superior possession.There were no more chances of note until the final 10 minutes, with Inter appearing to be finishing the match stronger.Kraft made two stops, first to deny substitute Houssine Kharja and then to parry Thiago Motta’s point-blank header, before Eto’o’s goalbound effort was deflected just wide.But it was Bayern who found the decisive goal at the death when Robben broke forward and unleashed a strike from just outside the box, which Julio Cesar parried into the path of Gomez who tucked gleefully home. Source: BBClast_img read more

Maurice Smith eyeing multi-event coaching in high schools

first_imgWorld Champs decathlon silver medallist Maurice Smith wants to start a multi-discipline coaching programme in Jamaica. Smith said recently that he would be looking to reach out to local high schools which compete at the annual ISSA/GraceKennedy Boys and Girls’ Championships. Thirty-six-year-old Smith represented Jamaica at two Olympic Games (2004 and 2008), and a total of four World Championships (2005, 2007, 2009 and 2011). He won silver at the 2007 World Championships in Osaka, Japan, picking up a total of 8,644 points. According to Smith, who was part of Calabar’s coaching team during their successful Boys’ Championships defence, he is looking to into the schools where he can host seminars on the multi-discipline events. “Just like I was everywhere on the track, I want to be everywhere in the schools, making positive changes in the multi-disciplines. “For me, I’d rather work with youth, as I am an educator, and I have my bachelor’s in education, my thing is not necessarily for the classroom because I am very passionate about the sports and education in sports, so I want to help teach the youth the multi-disciplines,” he told The Gleaner. Confident Smith, who broke the Pan American Games record in 2007, winning his first international gold medal, remains confident that he will be able to train, and impart knowledge to upcoming athletes who want to take up the multi-disciplinary events. “I enjoy coaching at this level because when you have done it, and they understand that, it’s easier to effect change,” he continued. “Not only can I explain, I can also demonstrate because I am very much still in great condition,” assured the 36-year-old who is back home having lived overseas since 1999.last_img read more

Jeep Compass launched in India at Rs 14.95 lakh

first_imgAmerican carmaker Jeep has launched the much awaited Compass in India, with prices beginning from Rs 14.95 lakh and going all the way up to Rs 20.65 lakh. These are ex-showroom prices and will stay the same all over India.The Compass is the first model from Jeep that will be manufactured India. It is a big launch for the American carmaker, one that can make or break Jeep’s legacy in India. Keeping this in mind, the Compass has been priced aggressively in the country.The Compass is available with two engine options in India, one petrol and one diesel. The Petrol unit is a 1.4-litre MultiAir engine that puts out 162PS of power 250Nm of torque. It is available with a six-speed manual and a seven-speed DCT gearbox. The diesel engine is a 2.0-litre Multijet unit that pushes out 173PS of power and 350Nm of torque. For the time being, the diesel engine is only available with a six-speed manual gearbox, although a nine-speed automatic will be introduced at a later date. The petrol variant of the Jeep will be offered only in a 4×2 set up while the diesel trims will be available with a 4×2 and 4×4 set up.ARAI figures for the petrol engine are not availble yet, but the diesel engine is capable of returning a fuel efficiency of 16.3kmpl for the 4×4 version and 17.1kmpl for the 4×2 version.Jeep had entered India last year with the Grand Cherokee and Wrangler Unlimited. Both cars were brought in through the CBU route and their price tags left not many impressed. However with the Compass, Jeep is aiming to get mass numbers in India to cement its position in the market. Another area where FCA (Jeep’s parent company) needs to buck-up in India is its aster-sales service.The Compass is available in three trims, Sport, Longitude and Limited.advertisementJeep has revealed that even before launch, the Compass had garnered 38,000 enquiries and 5,000 bookings, These are pretty impressive numbers for a SUV whose price was not known until the launch. The Compass also gets a three year/1,00,000km warranty. Prices of all the trims are:ModelPrice (Ex-showroom, Delhi) 1.4 MultiAir Petrol Sport Rs 14.95 lakh 1.4 MultiAir Petrol Limited (AT) Rs 18.70 lakh 1.4 MultiAir Petrol Limited Option (AT) Rs 19.40 lakh 2.0 Multijet Diesel Sport Rs 15.45 lakh 2.0 Multijet Diesel Longitude Rs 16.45 lakh 2.0 Multijet Diesel Longitude Option Rs 17.25 lakh 2.0 Multijet Diesel Limited Rs 18.05 lakh 2.0 Multijet Diesel Limited Option Rs 18.75 lakh 2.0 Multijet Diesel Limited 4×4 Rs 19.95 lakh 2.0 Multijet Diesel Limited Option 4×4 Rs 20.65 lakhThe Jeep Compass’ main competitor in the market is the Hyundai Tucson but with its aggressive pricing, it could eat into the market share of cars like the Mahindra XUV500 also.Also Read:  Made-in-India Jeep Compass launch date revealedAlso Read: Fiat officially commence online booking for upcoming Jeep Compass in Indialast_img read more