On the Blogs: FirstEnergy’s Double Standard

first_imgOn the Blogs: FirstEnergy’s Double Standard FacebookTwitterLinkedInEmailPrint分享Dennis Wamsted at WamstedOnEnergy:These two aging facilities—the Sammis plant’s newest unit is 45 years old while the oldest is 57; the Davis-Besse facility is 39 years old but it has a history of serious maintenance problems—have been battered by the drop in natural gas prices, the influx of new wind and solar generation, and the continued stagnation in overall electricity demand. The battering has been so bad that they essentially can’t compete in the current market, and FirstEnergy is asking state regulators to bail them out while hitting customers with new monthly charges that could run into the billions of dollars over the coming eight years.In its pleadings with the Ohio PUC, FirstEnergy has said the bailout is essential to keep the plants operating, and that the plants, in turn, are needed to maintain reliable, affordable electric supplies in the state—in other words, could I get a little re-regulation here, please.In defending the company’s proposal, Doug Colafella, a FirstEnergy spokesman, told the Toledo Blade: “We like to think of it as an insurance policy against volatility and the future uncertainty of the marketplace. It’s a concept we think will benefit customers because it considers the long-term volatility of the marketplace.”That doesn’t sound at all like the pro-competition track laid down by former CEO Alexander (Remember, “competitive markets, over time, will produce the lowest prices for customers.”) or the pro-competition testimony offered just months ago in Maryland regarding renewables (Remember, “competitive markets, not regulatory mandates, provide the most economical solution….”).Well, the competitive markets have spoken in Ohio (and the broader PJM territory in which FirstEnergy’s generating units operate), and Sammis and Davis-Besse simply can’t compete. This point was driven home by PJM itself in a recent report: “The simple fact that a generating facility cannot earn sufficient market revenue to cover its going-forward costs does not reasonably lead to the conclusion that wholesale markets are flawed,” PJM wrote. “More likely, it demonstrates that the generating facility is uneconomic.”It’s time for FirstEnergy to stand by its competitive mantra and close those two plants, not seek to soak its customers for billions for plants that are no longer economic.Full item: FirstEnergy Fails the Test on Utility Competition With Its Bailout Bidlast_img read more

Atlético says 2 group members test positive for coronavirus

first_imgNo other clubs involved in the quarterfinals have reported positive tests among its players recently. The Spanish club did not name those who tested positive and did not say if a player was involved. It said it immediately informed health authorities in Spain and Portugal about the positive results, as well as UEFA and other soccer bodies in both countries.It said in a statement that the entire group that was set to go to Lisbon will be tested again before the team can travel, and that the team’s schedule is being altered to allow the new tests.Atlético is set to face Leipzig on Thursday in the last eight.The quarterfinals start on Wednesday with Atalanta facing Paris Saint-Germain. The other one-game series will involve Barcelona vs. Bayern Munich on Friday and Manchester City vs. Lyon on Saturday. Atlético says 2 group members test positive for coronavirus Share This StoryFacebookTwitteremailPrintLinkedinRedditMADRID (AP) — Two members of Atlético Madrid’s group set to travel to Portugal for the Champions League quarterfinals tested positive for the coronavirus on Sunday.It’s the first pandemic-related setback among clubs participating in the final stage of Europe’s top club competition.The last eight will begin in Lisbon on Wednesday amid tight health safety protocols to prevent a coronavirus outbreak from derailing the competition’s finale. The semifinals and Aug. 23 final will also be played in Lisbon. August 9, 2020center_img Associated Press The matches will take place at two stadiums in Lisbon.Earlier this week Atlético had to cancel a friendly of its women’s team after a positive test within the group.___ More AP soccer https://apnews.com/Soccer and https://twitter.com/AP_Sportslast_img read more

Emenalo Quits Chelsea Job

first_imgFormer Super Eagles player, Michael Emenalo has quit as Chelsea’s technical director.The English Premier League champions announced on its website yesterday that Emenalo, a key confidant of club owner, Roman Abramovich, was standing down from his role at Stamford Bridge.Emenalo acted as a link between the first team and the Blues board, had an influence on transfers, including Chelsea’s much-scrutinised loan strategy, and was involved in developing players from the academy.The former Nigerian international, who joined Chelsea in 2007 and has been technical director since 2011, has already been linked with a position at Monaco.“Chelsea Football Club today announces that technical director Michael Emenalo has decided to stand down from his role,” the club said in a statement. “Michael arrived at Chelsea in 2007 and in 10 years at Stamford Bridge has contributed to a period of unprecedented success for the first team and academy.”Emenalo said it had been a difficult decision to make, adding: “I have had the privilege to work alongside some of the most talented people in the world of sport over the past 10 years and I will depart incredibly proud of the achievements we have made.“I wish Chelsea every success and look forward to following the club’s future triumphs from afar.”Chelsea chairman Bruce Buck praised Emenalo’s work.“He has had a tremendous impact on the club over the past 10 years and this is evident in everything we have achieved,” he said. “We are sorry to see him go but understand his desire to move on and explore new challenges.”Chelsea have had seven permanent managers in the period since Emenalo first arrived, plus Guus Hiddink (twice) and Rafael Benitez as lengthy interim appointments.Head coach Antonio Conte’s expressions of frustration at Chelsea’s summer recruitment, plus some indifferent results, had led to speculation over his future but Conte and Emenalo had a good working relationship and the Italian said he was sorry to see him leave the club.During his time at Stamford Bridge, Chelsea won three Premier League titles, three FA Cups, the League Cup, Europa League and the Champions League in 2012 as well as achieving huge success in youth football.ROLE CALL OF MANAGERS DURING EMENALO’S TIMEAvram Grant (2007-08)Luiz Felipe Scolari (2008-09)Ray Wilkins (2009, caretaker)Guus Hiddink (2009, interim)Carlo Ancelotti (2009-11)Andre Villas-Boas (2011-12)Roberto Di Matteo (2012)Rafael Benitez (2012-13)Jose Mourinho (2013-15)Steve Holland (2015, caretaker)Guus Hiddink (2015-16, interim)Antonio Conte (2016-)Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

GVL Begins Gbanken-Zoloken Road Works

first_imgGolden Veroleum Liberia is constructing a road in Grandcess/Wedabo Statutory District in Grand Kru County, which directly connects Gbanken to Zoloken and Ylatwen,  The 2.35km road is expected to benefit over 2,000 local residents and businesses in the area by providing easy access for community residents and promoting the free flow of goods and services.It will bring relief to over six communities that for several years have been using bush roads and walking through swamps. Upon completion, it will also serve Juduken and Ylatwen towns.Golden Veroleum Community Affairs Officer for Social Sustainability, Blanyon Himmie, indicated that the project is part of GVL’s ongoing efforts to coordinate development initiatives with local communities.“We envision ourselves as part of the local communities and GVL is committed to improving and providing road accessibility to communities in which we operate,” said Himmie. “We are committed to improving and developing our local communities by bringing long-term prosperity which we hope will help eradicate or minimize rural poverty in the Liberia.”Recognizing the road initiative by GVL, Wedabo Paramount Chief Peter Newon praised GVL for the road, describing it as the first of its kind.“When we invited and accepted GVL to develop our land, we knew that our lives were certainly going to change.  Today we can boast of modern schools for our children, safe drinking water, new roads and most importantly employment of our citizens,” said Paramount Chief Newon,”On December 17, 2013, GVL signed a Memorandum of Understanding (MOU) with the citizens of Zoloken- Grandcess/Wedabo District to include the construction and improvement of roads and bridges to the direct benefit of the communities.To date the company has rehabilitated and constructed several feeder roads in Grand Kru, including the road linking Ylatwen to Beloken, Po-River Middle Town to Weteken, Waterside Weteken and Big Town to Weteken, a GVL  press release said.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more