North Carolina may take up securitization idea to speed coal plant closures

first_imgNorth Carolina may take up securitization idea to speed coal plant closures FacebookTwitterLinkedInEmailPrint分享Energy News Network:A controversial ratemaking bill in North Carolina contains a little-discussed section that — if amended — could offer a financing model to help Duke Energy close its coal-fired power plants sooner rather than later.Senate Bill 559 includes language authorizing the utility to recoup storm repair costs with bonds secured by ratepayers, a mechanism called securitization. The Duke-backed bill cleared the state Senate this month, but its pace has slowed in the House, primarily because of another provision that would allow upfront, annual rate hikes over multi-year periods.Clean energy advocates say lawmakers should sideline the bill’s ratemaking section and explore broadening the securitization tool to allow Duke to refinance the debt on its aging coal fleet.Duke Energy spent an estimated $571 million last year responding to hurricanes Florence and Michael, and Winter Storm Diego, according to nonpartisan legislative staff. Securitization would allow the utility to recover those expenses right away, rather than waiting for its next rate case.While clean energy advocates oppose the bill’s ratemaking section, they haven’t protested its securitization language. But, said Cassie Gavin, the lobbyist for the North Carolina Sierra Club, “we don’t see why it should be so limited.” Gavin and other advocates say Duke could use securitized bonds for other uses, including paying off the debt on its fleet of decades-old coal-fired power plants, allowing the utility to shut them down years ahead of schedule.The company has closed or converted half of its coal-fired power plant fleet since 2011 and plans to close five more units in the next five years. But its latest long-range plans show it will keep 15 units running until they have fully depreciated, in many cases past 2033. One 844-megawatt facility west of Charlotte, called Cliffside 6, is slated to operate until 2048. Advocates argue keeping these plants open until their value has fully depreciated is uneconomical, with their ongoing costs increasingly more expensive than building new renewable generation or other sources of power.More: In controversial N.C. ratemaking bill, a tool to help retire Duke coal plantslast_img read more

Read more on North Carolina may take up securitization idea to speed coal plant closures

Grades: Offense streaky versus OSU, UM

first_imgRedshirt junior forward Ryan Evans put forth a solid offensive showing against the Buckeyes and Gophers. He hit 7 of 14 shots for a team-best 14 points against Ohio State and followed that up with 17 points, 11 rebounds, three assists, two steals and one block at Minnesota. Evans is shooting .433 on the year and is third on the team with 10.3 points per game.[/media-credit]As is routine, Herald Sports will offer a weekly report card on the Wisconsin men’s basketball team’s two most recent games.The No. 22 Badgers (19-6, 8-4 Big Ten) have had plenty of time off recently, last playing on Feb. 9 in a 68-61 overtime win against Minnesota. Before that, UW lost, 58-52 at home against Ohio State – its fourth home loss of the season.Wisconsin now sits in fourth place of the Big Ten, just a half-game behind third-place Michigan. The Badgers will resume play Feb. 16 at Michigan State, which currently resides in second place.Offense – 3 out of 5There’s plenty of success interwoven with failure in terms of Wisconsin’s shooting over the past two games, which earns this team a middling grade.Against Ohio State, the Badgers shot miserably from behind the 3-point line (18.5 percent) but performed well enough inside to finish with a 40 percent field goal percentage nonetheless.Wisconsin then lit up Minnesota in the first half, hitting 7 of 11 3-pointers (63.6 percent) before nose-diving in the second, shooting 2-for-11 from behind the perimeter (18.2 percent) and 7-for-25 overall (28 percent) in that period.Even with the Gophers mounting a compelling comeback, the Badgers failed to score a basket of any kind in the final seven minutes and 43 seconds of the game.However, Wisconsin’s saving grace came from some rock solid and clutch-free throw shooting in overtime against Minnesota. Fifteen of the 17 points the Badgers scored in the extra period came from the charity line, with only two attempts going astray (88.2 percent).Defense – 3.5 out of 5Wisconsin did well to stifle the offenses of the Buckeyes and Gophers as they both failed to reach their season averages. Ohio State, No. 2 in the conference in scoring, fell about 18 points below its average while Minnesota, in 40 minutes of regulation, was kept at about the same distance from its own.Both opponents ran efficient offenses, however, and ran them consistently. Neither Ohio State nor Minnesota shot below 40 percent from the field in either the first or second halves.But the two teams didn’t shoot very well from downtown – hitting a combined 7 of 24 for 29.2 percent – although neither really had to since there were opportunities inside and UW’s offense was streaky in comparison.Although forward Jared Berggren failed to contain OSU forward Jared Sullinger in his 24-point performance, he’s quickly evolved into a hardened defender and consistent shot-blocker, swatting away five shots in the last two games. Fellow forward Mike Bruesewitz also denied three shots of his own as well.Bench – 2.5 out of 5Head coach Bo Ryan hasn’t dug deep into this year’s lineup very often, but the game against Minnesota marked a real lack of utilizing the bench.Despite coming off the bench all season, guard Ben Brust averages 24.4 minutes per game (and played 22 against the Buckeyes) but played just eight against the Gophers. Meanwhile, forwards Frank Kaminsky and Rob Wilson never played more than 10 minutes in either game.Still, the three managed to chip in somewhat. Brust hit a three-pointer late in the first half in Minnesota, and Kaminsky nailed a clutch trey against Ohio State.Wilson also grabbed two rebounds and Kaminsky had a pair of assists against UM as well.But there were some frowning points, too. Wilson failed to score at all and Brust, against OSU, turned the ball over twice.Player of the week – Ryan EvansThe junior forward might have just enjoyed his best two-game stretch of the season, posting double-digit scoring outputs in both games and earning his first double-double of his college career.Evans was both the top scorer and the most efficient scorer against OSU, hitting 7 of 14 shots for 14 points. He complemented that effort with five rebounds, an assist and one steal.Although Evans wasn’t satisfied with his defensive performance from that game, his steady hand kept Wisconsin in the game nevertheless.And at Minnesota, Evans did a bit of everything, totaling 17 points, 11 rebounds, three assists, two steals and a block. He didn’t shoot all that well – hitting 5 of 14 – but was a solid 7-for-8 at the free throw line. Six of his points came in the five-minute overtime period as well.last_img read more

Read more on Grades: Offense streaky versus OSU, UM

Microgaming on board with All-in Diversity as founding member

first_img Related Articles Jason Ader – No Boogeyman… Activism will play a vital part in reshaping gambling August 20, 2020 FSB selects Glenn Elliott as new COO August 12, 2020 Share AIDP adds two new global advisors August 12, 2020 Share StumbleUpon Submit Microgaming has become the latest firm to join the ranks of the All-in Diversity Project as a founding member, as it strives to help spearhead progress towards a more inclusive gaming sector.All-in Diversity is a not for profit industry driven initiative, that is aiming to facilitate open discussions in the key strategic areas of diversity, equality and inclusion, across the betting and gaming sector on a global basis.Founded by gambling executive Kelly Kehn and Christina Thakor-Rankin, its lists its primary objective as being “to establish a global industry standard index designed to be the definitive benchmarking tool for measuring diversity and inclusion in the sector.”John Coleman, Microgaming CFO, commented: “Our diverse workforce helps keep us strong, dynamic and moving forward. It is important that we identify industry-specific barriers to inclusion and diversity so we can continue to work on areas where we can help diversity thrive. “We look forward to working with All-in Diversity and being part of the driving force aimed at creating a more inclusive environment within the industry for years to come.”All-in Diversity aims to provide annual reports on progress made, as well as recommendations to improve issues such as diversity and inclusion within the industry, in areas such as corporate governance, recruitment and equal pay.Kehn, Co-Founder of the All-in Diversity Project, added: “We are proud to welcome Microgaming to the Founding Membership of All-in Diversity Project. The team at Microgaming brings a breadth of industry knowledge and expertise to the table with their brands, products and policies as well as a real passion for people which is reflected in the diversity of their teams spread across the world. There is no limit to what we can achieve with this calibre of supplier on board.”This follows similar deals signed with Paddy Power Betfair, IGT and Kindred.To mark the new deal Microgaming released the below video, stating that “as a founding member of the All-in Diversity Project, Microgaming is proud to celebrate the diversity that keeps us strong, dynamic and moving forward”.last_img read more

Read more on Microgaming on board with All-in Diversity as founding member