31 Dec
2020

Indiana NAACP pushing NIPSCO for earlier closure of Michigan City coal plant

first_img FacebookTwitterLinkedInEmailPrint分享Energy News Network:A northwest Indiana utility made headlines in September when it announced it will retire its last coal plant within a decade. That is not soon enough for the predominately African American community that bears the brunt of the plant’s pollution burden.NIPSCO’s new timeline for coal retirements has been widely celebrated by environmental groups both in and outside the state. Meanwhile, Indiana NAACP leaders continue to press the utility and regulators to act with greater urgency. “Those most impacted should not have to wait another decade for clean air,” said La’Tonya Troutman, environmental chair for the NAACP chapter in Michigan City, where NIPSCO plans to continue operating its coal plant through 2028.NIPSCO surprised many with its announcement that it would speed up coal plant retirements by about a decade and replace the generation with solar, wind and storage instead of a new natural gas plant. The utility retired its Bailly Generating Station in 2018 and now plans to close its R.M. Schahfer Generating Station in Wheatfield by 2023 and the Michigan City plant five years after that.State and local NAACP chapters say it is unacceptable for NIPSCO to leave Michigan City — the plant with the most African Americans living in its shadow — running for years beyond the rest of the utility’s coal fleet. They are calling on the utility to retire the plant by 2025. But that would pose an unacceptable risk to its reliability, according to NIPSCO planning documents. NIPSCO says keeping the Michigan City plant open until 2028 will buttress the energy delivery system while the utility upgrades its grid and secures new wind and solar generation. The plant already has the costly emissions control upgrades that would be necessary to keep R.M. Schahfer open for longer instead.In a previous round of long-term planning that ended in 2016, NIPSCO determined it would close both units of its coal-fired Bailly plant in 2018 (which it did) and two of five R.M. Schahfer units by 2023. The rest of Schahfer and the Michigan City plant would keep running as late as 2037 or beyond. NIPSCO’s new plan would close the Michigan City plant by around a decade earlier than previously planned. Its analysis also showed that an even earlier retirement would save customers more money still, but it says more time is needed to expand transmission and secure new generation, which is underway. The utility recently announced agreements for 800 megawatts of new wind capacity that will be online by 2020.“From a pure economic standpoint, the lowest-cost option for customers pointed toward retiring all remaining coal immediately,” said NIPSCO spokesman Nick Meyer. “However, we must ensure the reliability of our system for customers and there are steps that need to occur prior to the coal retirements.”More: Indiana NAACP leaders say coal plant timeline is unacceptable for residents Indiana NAACP pushing NIPSCO for earlier closure of Michigan City coal plantlast_img read more

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28 Sep
2020

Epic Gas Delivers Loss in 2017

first_imgSingapore-based gas carrier owner Epic Gas saw its loss expand to USD 30.9 million during 2017, from USD 23.3 million reported a year earlier.The company’s revenue for the year ended December 31, 2017 increased by 8 percent to USD 139.5 million from USD 128.8 million reported in the previous year.Time charter equivalent (TCE) revenues were up by a mere 1.4 percent at USD 8,210 per vessel calendar day, against USD 8,095 achieved in 2016.The company recorded a non-cash goodwill impairment of USD 12.9 million during the year ended December 31, 2017 as a result of the goodwill’s carrying value exceeding its fair value. There was no impairment indicator for any of the vessels.During the fourth quarter of 2017, the company’s loss was at USD 16.4 million, compared with USD 15.9 million seen in the same period in 2016. Revenue for the quarter increased to USD 37.3 million from USD 33 million.TCE revenue per calendar day was at USD 8,449 during the quarter, 2.7 percent higher than the USD 8,206 in the fourth quarter of 2016.In February 2018, the company entered into a Memorandum of Agreement to sell the oldest ship in its fleet, the 1998-built Epic St. John. The sale is expected to be completed in March 2018 and will not have a material impact on the company’s fiscal year 2018 earnings. In respect to contract coverage, recent fixtures have raised our 2018 cover to 53%.In January 2018, the company has granted, under its existing share option plan, up to 355,393 stock options to its executive management team at a strike price of USD 1.85. The options will vest after five years.last_img read more

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14 May
2020

With Abelardo the permanence accounts go well

first_imgtwoGetafe12 9Celta Vigo6 fifteenEibar5 10Valladolid6 6Spanish8 Count Espanyol in the future, devising even a plan B in case the most painful scenario is confirmed: the descent. Check out the team, now that he has finally won at Cornellà. And he counts the fans, looking again and again at the calendar in search of a magic formula that makes him see the light of permanence. To everyone’s joy, even the most pessimistic, the accounts come out for the first time throughout the season.The ‘guilty’ of such a turn is none other than Abelardo Fernández, obviously boosted by the goals of Raúl de Tomás. Five days brings the coach to the front of Espanyol, in which only five teams have added more (Real Madrid, Getafe, Villarreal, Barcelona and Valencia) in a LaLiga classification in which the parakeets would be sixth, with eight points, by six from Celta, five from Leganés and three from Mallorca, its direct rivals in this relentless struggle for salvation. A sixth virtual place, Europa League positions, which contrasts with the red lantern that it occupied in the previous days, with such distance from its rivals that it still maintains it today. elevenReal society6 4Barcelona10 twentyAthletic Club3 12Pomegranate6 3Villarreal10 14Seville5 16Osasuna5center_img In any case, and as it is logical, it will be difficult for Espanyol to maintain a score index as high as the one it has achieved so far Abelardo, who gets 53 percent of the points in Game. In a full season, that would mean ending it with 60. In fact it is about more than triple what his predecessor, Pablo Machín averaged, who added five points in ten days, what would be 19 in a full league. And a little better, although not much, was the baggage of the first coach of the course, David Gallego, since he brought those five points together in eight days. Or what is the same, I would have closed the course in 24. Those who expect Espanyol add from here to the end.Classification last five days 13Betis5 But the dynamics has naturally changed. If the current projection is maintained in the remaining 15 days, I would end up adding 24 more points, that is, that LaLiga would end with 42 points, that is, saved. And with slack. Because in its trend of these last five days, Celta for example would accumulate 18 more points until reaching 38, Leganés would get another 15 and conclude the course with 33, while Mallorca would only add another nine, to finish with 27. He would even get into the fight for the permanence of an Eibar which now has 24 points, but in this projection it would end with 39. 5Valencia9 oneReal Madridfifteen 17Leganés5 Pos.Equipmentpoints 7Alaves8 8Atlético de Madrid7 19Majorca3 18I raised3last_img read more

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