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Shelton Selected as President of Giant Magellan Telescope Organization Prominent Physicist and Academic Leader to Join Historic Project From STAFF REPORTS Published on Tuesday, January 24, 2017 | 11:05 am Top of the News The Giant Magellan Telescope Organization (GMTO) today announced the appointment of physicist Robert N. Shelton, PhD, to the position of President, effective February 20, 2017. Dr. Shelton will lead the organization behind the development of the 24.5 meter Giant Magellan Telescope (GMT) which is poised to be the world’s largest astronomical telescope when it comes online early in the next decade. Dr. Shelton will work closely with the GMTO Board of Directors, the leadership at the partner institutions, and the GMT team to complete construction of the observatory.Expert leadership is critical to transforming the GMT from a bold vision into a world leading research facility,” said Walter E. Massey, Ph.D, Chair of the GMTO Board of Directors and Chancellor of the School of the Art Institute of Chicago. “Dr. Shelton brings the skills and experience that we need at this critical time in the development of the GMT. The GMTO Board looks forward to working with Robert on this exciting project”.The GMT will enable breakthrough science ranging from studies of the first stars and galaxies in the Universe to the exploration of planets around other stars. The project is being developed by an international consortium of universities and research institutions in the US, Australia, Brazil, and Korea. The telescope will be located at the Las Campanas Observatory high in the Andes mountains of northern Chile. Dark skies, a dry climate and smooth airflow make Las Campanas one of the world’s premier astronomical observing sites. Construction is underway at the observatory site in Chile and the giant mirrors that are at the heart of the telescope are being polished at the Richard F. Caris Mirror Laboratory at the University of Arizona.“The GMT will be an incredible asset to the future of scientific discovery and our understanding of the Universe,” said Robert N. Shelton, PhD, President, GMTO. “I am delighted to join the organization behind this historic project and look forward to working with the Board and our partner institutions to ensure the successful completion of the telescope.”Shelton joins GMTO from the Research Corporation for Science Advancement where he has been president since March 2014 and leads the vision and direction of America’s first foundation dedicated solely to funding science. Dr. Shelton has been the executive director of the Arizona Sports Foundation, the 19th president of the University of Arizona, and provost and executive vice chancellor of the University of North Carolina at Chapel Hill, among many other notable leadership and academic positions at renowned public research universities. He also brings experience as a distinguished experimental condensed-matter physicist focusing on collective electron effects in novel materials, reaching more than 240 refereed publications, 50 invited talks and 100 contributed papers at professional meetings.Comments on the NewsAstronomer and Nobel Laureate, Dr. Brian Schmidt, Vice Chancellor of the Australian National University said, “Dr. Shelton is highly respected in the astronomical community through his service on the boards of numerous observatories and scientific institutions, and was also president of my alma mater. The ANU and Astronomy Australia Limited look forward to working with Dr. Shelton in his new role at GMTO.”“The GMT will be a ground-breaking scientific tool for discovery, and I look forward to Robert Shelton’s experienced leadership in making it a reality,” said Harvard University President Drew Faust.About the Giant Magellan Telescope OrganizationThe Giant Magellan Telescope Organization (GMTO) manages the GMT project on behalf of its international partners: Astronomy Australia Ltd., The Australian National University, Carnegie Institution for Science, Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP), Harvard University, Korea Astronomy and Space Science Institute, Smithsonian Institution, Texas A&M University, The University of Texas at Austin, University of Arizona, and University of Chicago.Connect with the Giant Magellan Telescope Organization on social media: gplus.to/gmtelescope,twitter.com/GMTelescope, https://www.facebook.com/GMTelescope, https://www.instagram.com/gmtelescope/ and visit http://www.gmto.org. 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The seventh annual Charm City Bluegrass Festival has announced the lineup for their 2019 event, set to take place on April 26th and 27th at Baltimore, MD’s Druid Hill Park.The 2019 lineup will feature headlining action from The Bridge, Deer Tick, and Steep Canyon Rangers. Jeff Austin Band will team up with special guests to perform John Hartford’s 1971 album Aereo-Plain. Seldom Scene, Hawktail, Frank Solivan & Dirty Kitchen, Front Country, Charm City Country, Rob Ickes and Trey Hensley, Jon Stickley Trio, Town Mountain, Fireside Collective, Blue Octane, Gangstagrass, The 19th Street Band, Maybe April, and Blue Train round out the other acts set to play Charm City Bluegrass Festival in 2019.Head here for tickets and more information on Charm City Bluegrass’ 2019 event.
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.