PSB approves CVPS alternative regulation planProvides for automatically adjusting rates on a quarterly basis to reflect fluctuating power purchase pricesRUTLAND – The Vermont Public Service Board has approved a Central Vermont Public Service (NYSE-CV) alternative regulation plan designed to better link customer and investor interests, improve efficiency and help control costs.”This construct will help CVPS better serve our customers, improve our credit worthiness, and encourage energy efficiency,” CVPS President Bob Young said. “This is an important improvement in Vermont regulation.”The board order concludes nearly a year of review, and sets the stage for a new system of rate review starting in 2009. It provides for automatically adjusting rates on a quarterly basis to reflect fluctuating power purchase prices, and includes mechanisms to cap cost increases and to share earnings and losses between shareholders and customers.”The decision by the board is a good compromise,” said Steve Wark, director of consumer affairs for the Department of Public Service, the state’s consumer advocate. “It gives the utility the structure it needs, and gives regulators comfort in the oversight process that we need. Overall, consumers will greatly benefit.”Alternative regulation is intended to send customers more accurate and timely price signals, whether costs rise or fall, and create incentives for CVPS to operate efficiently. The PSB and DPS will maintain oversight over the company and its rates through annual reviews and regular quarterly updates of CVPS’s costs and rates.”We find that alternative regulation is in the best interests of CVPS and its ratepayers – a conclusion that both CVPS and the Vermont Department of Public Service have strongly supported in these proceedings,” the board said in its decision. The 56-page order details significant benefits for customers and the company.”The Modified Plan we adopt today provides a number of benefits. For instance, the power cost adjustment mechanism will result in more timely recovery of CVPS’s reasonable power costs, which can vary significantly due to changes in the wholesale market and which comprise nearly 60% of CVPS’s total cost-of-service,” the board wrote. “This should help CVPS achieve an investment-grade corporate credit rating, which, in turn, will enable the Company to attract capital on more favorable terms than it presently does. This enhanced financial posture and lower capital costs will help CVPS as it begins to negotiate for resources to replace the two major long-term contracts for power from the Vermont Yankee Nuclear Power Station and Hydro-Quebec that expire in 2012 and 2015, respectively. Ultimately, these positive effects of CVPS’s strengthened financial profile should redound to the benefit of ratepayers in the form of lower rates and more favorable contractual terms in securing Vermont’s long-term power supply beyond 2012.”The Modified Plan provides direct benefits to ratepayers as well. First, the Modified Plan affords the Company a lower return on equity, which in this case will directly lower the costs that CVPS seeks to collect from ratepayers. Second, the Modified Plan institutes an earnings sharing mechanism that offers ratepayers the prospect of additional rate relief as CVPS improves its earnings by operating more efficiently and cost-effectively.”Under the order, CVPS’s return on equity will drop from 10.71 percent to a previously agreed-upon rate of 10.21 percent. The board plans to investigate and set base rates for CVPS in the coming months, which will be implemented sometime in 2009. The alternative regulation plan will be in place through 2011.
You may consider yourself either an extrovert or an introvert, but for the majority of us, we lie somewhere in the middle. You may feed off the energy of a party crowd but also feel recharged after spending some time alone. As an ambivert, you probably need both your alone time and time around friends. So even if you’ve always considered yourself an extrovert, you may need to do things differently from time to time. If you know you have an introvert side, here are three tips for embracing those feelings and being a better leader.Have one-on-one meetings: If you find that it’s easier for you to communicate with your staff in a one-on-one setting, that’s completely okay. Larger group meetings may make you anxious, and you may have staff who feels the same way. When dealing with employees who are also introverted, a one-on-one meeting is probably the best way for you to communicate.Zip your lips: As a leader, you may feel pressured to talk a lot. As an introvert, you’re probably more comfortable listening. This isn’t a bad thing. In a communication situation, more people could learn to listen and not have to always be the one talking. When you’re doing all the talking, your employees may not have a chance to really get their thoughts out, and that’s not good. Being a listen-first leader is healthy for your staff and will really set you apart from most bosses.Be honest: Introverts like to do things differently. If you need time to process thoughts and responses, make sure your employees understand the way you operate. They’ll also appreciate a thoughtful response over a hasty reaction. 115SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Pettit John Pettit is the Managing Editor for CUInsight.com. John manages the content on the site, including current news, editorial, press releases, jobs and events. He keeps the credit union … Web: www.cuinsight.com Details
WATCH US LIVE Associated Press Television News FOLLOW US COMMENT First Published: 23rd August, 2020 06:58 IST Written By SUBSCRIBE TO US Dustin Johnson could have used a finish like this for a record score. The birdie-eagle ending to his round Saturday at The Northern Trust gave him a 7-under 64 and stretched his lead to five shots in the FedEx Cup playoffs opener.Johnson, coming off a remarkable day in which he was 11 under through 11 holes and finished with seven pars for a 60, pulled away from Harris English and Scottie Scheffler with a 20-foot birdie putt on the 17th and a 40-footer for eagle on the closing hole at the TPC Boston.He was at 22-under 191, his lowest 54-hole score by three shots.“I’m in a great position and like where I’m at, but I’m still going to have to go out and shoot a good score,” Johnson said. “You can go low out here and guys are going low every day, especially with the conditions we have — perfect greens, golf course is in great shape and not a lot of wind.”English had three birdies in a four-hole stretch early on the back nine and was tied for the lead when Johnson made his lone bogey of the round on the 13th hole when he failed to get up-and-down from a bunker.English, however, followed with consecutive bogeys when he missed the green well to the right of the water on the par-3 16th, and three-putted from 70 feet on the 17th. He missed a third consecutive putt from 7 feet or closer, the last one for birdie, and had to settle for a 66.Scheffler closed with a birdie to follow his second-round 59 with a 67. He played in the final group with Johnson, just like he did two weeks ago on the final day of the PGA Championship.Even so, they’re five shots behind Johnson, who is going for his second victory of the year and could go to No. 1 in the world — provided Jon Rahm doesn’t finish second — for the first time since May 2019.“Try to make as many birdies as I can and see what happens,” English said.Louis Oosthuizen (68) was seven shots behind, and his best hope now would appear to be moving into the top 70 who advance to the second playoff event next week at Olympia Fields south of Chicago.Tiger Woods predicted Friday there would be low scoring in the third round, and he was right — just not from him or Rory McIlroy, a star pairing for the breakfast hour. Woods birdied the last hole for a 73. McIlroy made two triple bogeys in his round of 74. They get to play again Sunday morning.Johnson will be going for his fifth FedEx Cup playoff victory, and third in this event on a third course. What matters more is how he finishes the season. The FedEx Cup already features some of the best players in golf — Woods, McIlroy, Vijay Singh, Justin Thomas and Jordan Spieth among them — and Johnson wants to be on that list.Johnson set the target with four birdies in eight holes before heavy rain moved in and halted the third round for 45 minutes. It also softened a TPC Boston that was getting slightly firmer.He came back and hit to tap-in range for birdie on the 12th, and the had the great finish.Johnson needed a birdie on the 18th on Friday for his first 59, and said he regrets hitting driver off the tee with a shot that tumbled down a small slope into the rough. Lesson learned? Not really. With the rain, he opted for driver again, teed it low and hit this one perfect, setting up a 5-iron to the green and his long eagle putt.Image credits: AP LIVE TV Last Updated: 23rd August, 2020 06:58 IST Johnson’s Big Finish Gives Him 5-shot Lead At TPC Boston Dustin Johnson could have used a finish like this for a record score. The birdie-eagle ending to his round Saturday at The Northern Trust gave him a 7-under 64 and stretched his lead to five shots in the FedEx Cup playoffs opener