CVPS plans purchase of VEC’s southern Vermont territory

first_imgscostel Timothy McQuiston 2 6 2006-07-28T13:25:00Z 2006-07-28T15:57:00Z 2006-07-28T15:57:00Z 1 574 3275 CVPS 27 7 3842 10.2625 1474219382 news releaseSCostel@cvps.com(link sends e-mail) Costello, Stephen 471604707 Print Clean Clean 0 pt 0 pt 0 0 0 pt 0 pt MicrosoftInternetExplorer4st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:”Times New Roman”;}July 28, 2006 The purchaseis the second announced by CVPS in recent months.  CVPS announced the purchase of RochesterElectric Light and Power, a privately held, 900-customer company,in April.  That purchase is awaitingregulatory approval, which is expected this summer. Customersaffected by the sale are in Halifax and parts of Andover, Dover, Newfane, Townshend, Wardsboro, Jamaica, Marlboro, Guilford, Vernon, Wardsboro, Wilmington, Windham, Whitingham and Readsboro. When thesale is completed, the former VEC customers will be covered by CVPSs 17 SERVE Standards, which measure everything fromreliability to customer service, and are reported to state regulators.  SERVE stands for Serving Everyone withReliability, Value and Excellence.  Thenew customers will also be eligible for all CVPS programs, including evenmonthly billing, Electripay and CVPS Cow Power”. Thisagreement consolidates service territories and provides CVPS with importantgrowth, President Bob Young said.  Itwill reduce local rates, and strengthens CVPS by providing new revenue and awider base to allocate fixed costs. CVPS plans purchaseof VECs southern Vermont territoryCentral Vermont PublicService will purchase the southern Vermont franchise territory of Vermont Electric Cooperative under an agreement designed to rationalizeservice territories and lower local electric rates. This areais virtually centered between CVPSs Springfield, Brattleboro and Sunderlandoffices, Hallquist said.  It makes more sense for CVPS than VEC toserve it.center_img Under theagreement, which must be approved by the Vermont Public Service Board, CVPSwill acquire VECs southern Vermont assets and the rights to serve 2,770customers, who will on average save about 8.1 percent under CVPS ownership,even after a pending 6.15 percent rate case is complete. CVPS, founded in 1929, is Vermonts largest electric utility, serving about151,000 customers.  More than 100companies have merged into CVPS since its founding. Four of fiveVEC employees in the region are expected to be hired by CVPS.  CVPS plans to maintain the current VECservice office in Wilmington. VEC ChiefExecutive Officer David Hallquist said the sale madesense for the co-op, as it would provide significant cash, while divesting aservice area far removed from most of VECsterritory, which is primarily in northern Vermont.  CVPSwill pay approximately $4 million for VECs southern Vermont assets and territory. Forward-Looking StatementsStatements contained in this report that are not historical fact areforward-looking statements intended to qualify for the safe-harbors from theliability established by the Private Securities Litigation Reform Act of1995.  Statements made that are not historical facts are forward-lookingand, accordingly, involve estimates, assumptions, risks and uncertainties thatcould cause actual results or outcomes to differ materially from thoseexpressed in the forward-looking statements.  Actual results will depend,among other things, upon the actions of regulators, performance of the VermontYankee nuclear power plant, effects of and changes in weather and economicconditions, volatility in wholesale electric markets and our ability tomaintain our current credit ratings.  These and other risk factors aredetailed in CV’s Securities and Exchange Commission filings.  CV cannot predictthe outcome of any of these matters; accordingly, there can be no assurancethat such indicated results will be realized. Readers are cautioned not toplace undue reliance on these forward-looking statements that speak only as ofthe date of this press release.  CV does not undertake any obligation topublicly release any revision to these forward-looking statements to reflectevents or circumstances after the date of this press release.last_img read more

AREC 2018 Gold Coast kicks off on Sunday

first_imgAuthor of the best-seller The Ultimate Book of Influence Chris Helder will speak at AREC 2018 on the Gold Coast in May.This year’s keynote speakers include Australian business whiz Chris Helder, Canada’s inspirational speaker and New York Times best-selling author Amanda Lindhout, and Tom Ferry, the leading real estate trainer in the US.Attending every single AREC since its inception, James Tostevin will give a keynote presentation at AREC 2018. In the past four years Mr Tostevin has ranked as one of the top two performers in Australia. “From my presentation I plan to give delegates an understanding of the importance of articulating their points of difference in a listing presentation, both their own and that of their company … the ability to differentiate themselves, given the similarities and competence of most of their competitor agencies,” he said. GC Good Health Guide Suburb Aerial Photography of the Gold CoastTHE cream of Australia’s real estate industry will descend on the Gold Coast next weekend for the Australasian Real Estate Conference.In its milestone 21st year, the line-up of more than 30 speakers at AREC 2018 has proven to be a major drawcard with 3450 registrations from Australia and New Zealand and as far away as the UK, South Africa and Hawaii.The two-day conference, set to focus on real estate strategies for the future, returns for the seventh year to the Gold Coast Convention and Exhibition Centre. More from news02:37International architect Desmond Brooks selling luxury beach villa17 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoGold Coast Mayor Tom Tate said securing signature conferences such as AREC allows the Coast to take centre stage. Picture Glenn HampsonGold Coast Mayor Tom Tate said the Gold Coast economy was forging ahead following the 2018 Commonwealth Games with a range of commentators speaking positively about the real estate, tourism, health and knowledge and tertiary education sectors.“Securing signature conferences such as AREC allows our city to take centre stage with some of the most influential minds in the real estate business,” Mayor Tate said. “It is a coming of age for the Gold Coast — bring it on.” John McGrath (left) and Bob Wolff at AREC 2017. Picture: Matthew Foster“Last year we achieved our largest attendance in AREC’s history and the momentum from that has carried over into this year’s event,” Nichola Byrne, general manager of Total Real Estate Training, said.“We believe we have our best line up of speakers in our 21 years, as we are seeing and feeling the excitement and anticipation from our delegates, and we are on track to break last year’s record attendance. “With such diversity among the speakers, agents are going to walk away with such varied and valuable content which will set them up with strategies that can enhance their own businesses and service to their clients.”NSW and Victoria are leading AREC registrations with 38 per cent and 31 pre cent respectively.Queensland follows with 12 per cent while New Zealand has 10 per cent of delegates registered.There are also four registrations from UK, four from South Africa and one delegate from Hawaiicenter_img Gold Coast agent Michael Kollosche, of Kollosche Prestige Agents, is attending AREC 2018. Picture Mike Batterham Gold Coast agent Michael Kollosche, of Kollosche Prestige Agents, is attending AREC 2018 and said it was a coup to have the conference in his backyard.“It’s fantastic having it here on the Coast and I’ve encouraged my entire team to attend,” Mr Kollosche said.“You’re never too good in this industry to learn and it’s always good to hear from the leading agents around Australia.” AREC 2018 will be held on the Gold Coast on May 27 and 28. For more information or to register visit www.tret.com.au or call 1800 335 336.last_img read more

Bethlehem’s Ronald Cruz takes it on the chin in a loss to a sharp Ray Narh

first_imgBethlehem’s Ronald Cruz hadn’t fought in nine months, but Ray Narh, his opponent on Friday night at the Sands Bethlehem Event Center had the potential for even more rust.That’s because Narh hadn’t fought in two years.Any potential rust never revealed itself as Narh soundly defeated Cruz by unanimous decision to the disappointment of a large hometown crowd that wanted to see the hometown favorite get his welterweight career back on track after his first professional loss.Instead, they saw a dominant performance from Narh, originally from Accra, Ghana.The taller, long-armed Narh couldn’t have been sharper with his punches or his movement in controlling the action all night.The fight was part of another NBC Sports Network “Fight Night” card at the Sands and the place remained packed through seven bouts, including four that showcased local fighters. It was Cruz’s fourth fight at the Sands, but it was not a night he will want to remember.“It was just hard for me to focus tonight,” he said a somber dressing room. “There are no excuses. He beat me fair and square.”One of three judges, Pierre Benoist, didn’t give Cruz a single round. Julie Lederman had it 8-2 in rounds and David Braslow had it 6-4.Narh, who will turn 35 next month, had Cruz on the defensive almost the entire fight. He never allowed Cruz to get inside to use his jab.“There was nothing he did that I didn’t expect,” Cruz said. “I don’t know what to say. I just couldn’t pull the trigger tonight.” The 17-2 Cruz, fighting for the first time since a much closer loss by decision last September, said he was never hurt by Narh, who has 21 knockouts on his resume.“He was a pretty hard puncher, but he never hurt me,” Cruz said.He did get cut under his left eye and his face was bruised at night’s end, while Narh was singing and celebrating with his entourage in one of the Sands’ backstage rooms.Narh, a member of the 2000 Ghanaian Summer Olympics team, hadn’t fought since losing to Mike Alvarado in Las Vegas in May of 2011. He is now 26-2 and both losses were to unbeaten fighters.“It wasn’t that Ray didn’t want to fight; nobody wanted to fight him,” said his trainer Asante Qwamie. “He just needed to stay in shape and get someone to fight him. When this opportunity came up, he took it and made the most of it.’ Qwamie said Narh needed to keep moving and box Cruz.“He was in control the whole time,” Qwamie said.Cruz vowed he’d be back.“I would like to fight again, right away,” Cruz said. “I need to go back and learn from my mistakes, but it’s pretty hard to say what will happen right now.”last_img read more