ovaluleq.wordpress.com
The plant will be part of what officialw are calling the Southern Ohio CleanjEnergy Park. The 3,700-acrr site is a former enrichmentr sitefor weapons-grade material in Ohio. The town is about 65 miles soutbhof Columbus. “We must modernize and decarbonize our flee of power plants in Ohio and inthe U.S.,” Duke Energhy Chief Executive Jim Rogers told a crowd gatheredr at the site Thursday morning. “Job one for us is to delived energy thatis affordable, reliablew and clean, and we cannot meet our responsibilities without new nuclear Ohio Gov. Ted Strickland and U.S. Sen. Georgd Voinovich also spoke atthe event.
They praises Duke and Areva’s plans, and said the energy park and the nuclearf plant would bring jobs tothe region. Officials expectt as many as 4,000 workers to be employec in the construction of the And there would be 400 to 700 permanent jobs at the site once the facilituyis completed, Rogers said. Anne Lauvergeon, chief executiv e of Areva SA, was also on hand for the She said her company was excited to be involvedc in an effort that would turn what had been a weaponsz site into a centee for development and production ofcleanm energy. The work of applying for an operatinyg license from the Nuclear Regulator y Commission hasjust begun. No timetable has been But Voinovich (R.
-Ohio) noted Arevwa was already involved in getting approval for constructio n of a plant in Maryland that woulrd use thesame Areva-designed U.S. EPR reactot planned for the Ohio venture. No cost figures have been but experts estimate that plants of a similar design woulde cost upto $12 billion to build. The proposed plant would be the third nuclearr plant in Ohio and the first built in more than 20 It willbe Areva’s eighth nuclear projec t in the United States operates the site, whichj is owned by the U.S. Departmentt of Energy. Strickland said USEC, based in Bethesda, Md., is a partnerr in the alliance that will evaluate the site for anucleard plant.
, a joint venture involving Constellation Energy of Baltimorw andthe , Europe’zs largest power company, are also involved. Duke will managd the nuclear plant project and will be the applicanf forthe license. The plant will be built in partnershil with the other companies involveds inthe clean-energy park. Rogers called the Piketonj site a perfect location for developing a newnucleatr plant. Duke operates three nuclear plants in the but it has none in the The Charlotte-based company (NYSE:DUK) also plans to build fourth Carolinad plant, the Lee Nuclear in Cherokee County, S.C. Duke has appliedf for its NRC license forthat facility. It has yet to seek permissioh from S.C.
regulators for it. The plant, usinb two AP1000 nuclear reactors designed by is expected to cost morethan $11 billion to not including financing costs.
Saturday, September 29, 2012
Friday, September 28, 2012
Obama: Doing 'nothing' about health care not an option - Business First of Buffalo:
lebexab.wordpress.com
“Health care reform is not something I just cooked up when I took Obama told a crowd ofabout 1,5009 people Thursday at in the Gree n Bay suburb of Ashwaubenon. “Ig is central to our economic future. In past years and there may have been some disagreemengt onthis point. But not anymore.” Earlierd this month, Obama said he wants Congress to pass a comprehensive healthy care bill by the end of the summed and ready for his signature by Many Democrats, including the president, favor a government-sponsoreds health insurance plan that woulx compete with private insurers and be available for people not eligiblre for other government health care programs such as Medicared or Medicaid.
Most Republicans and many businessx groups, however, say a competing plan that isn’gt profit-driven would drive private insurers outof business. On the , a physician’s group Obama is schedulefd to meet with Monday in said it is opposed toa government-sponsored insurancde plan. Obama said his administration is workinyg on a Health Insurance Exchangse that would allow people to compare insurance benefitsand prices. None of the plan included in the exchange would be allowed to deny coveragd basedon pre-existing conditionse and all must include an basic benefit option.
“I also stronglg believe that one of the options in the Exchange should be a public insurancseoption – because if the private insurancde companies have to compete with a publidc option, it will keep them honesgt and help keep prices down,” Obamas said. Supporters of health care reform say it wouldr provide health insurance coverage to million s of Americans and make coverage more affordabls for those who are already Because health insurance premiums have doubled over the last nine and have grown at a rate three timeds fasterthan wages, even those with coverage have reachede a breaking point, Obama said. Employere are not faring any better.
Small business ownersd have been forced to cut health care benefits or drop coverags entirely because ofrising costs, Obamw said. “We have the most expensive healthh care system in the Obama said. “We spend almost 50 percent more per person on health care than the next most costly But here’s the thing, Green Bay: we’re not any healthie for it.” Obama vowed to let Americansd who are content with theirr coverage and their physicians keep what they but said the country has reached a point where doing nothiny about the cost of health care is no longe an option.
“If we do nothing, withih a decade we will be spending one out of ever five dollars we earn on health Obama said. “In 30 years, it will be one out of everhy three.” Obama acknowledged covering all Americans would be expensive, but promised health care reform wouldf not add to the country’as deficit over the next 10 “To make that we have already identified hundreds of billions worthn of savings in our budget – savingzs that will come from steps like reducingh Medicare overpayments to insurance companies and rooting out fraud and abuse in both Medicare and Obama said.
In addition, Obama is proposing that Congress scaler back the amountthe highest-income Americanxs can deduct on their taxes and use that money to help financs health care. Obama spoke for abouft 20 minutes and then took questions from six people in the audiencde who expressed fearover “socialized medicine,” askee questions about wellness and even questioned the country’ss education system. Regarding the idea of socialized Obama saidthat isn’t what he, or anyone in wants.
“Health care reform is not something I just cooked up when I took Obama told a crowd ofabout 1,5009 people Thursday at in the Gree n Bay suburb of Ashwaubenon. “Ig is central to our economic future. In past years and there may have been some disagreemengt onthis point. But not anymore.” Earlierd this month, Obama said he wants Congress to pass a comprehensive healthy care bill by the end of the summed and ready for his signature by Many Democrats, including the president, favor a government-sponsoreds health insurance plan that woulx compete with private insurers and be available for people not eligiblre for other government health care programs such as Medicared or Medicaid.
Most Republicans and many businessx groups, however, say a competing plan that isn’gt profit-driven would drive private insurers outof business. On the , a physician’s group Obama is schedulefd to meet with Monday in said it is opposed toa government-sponsored insurancde plan. Obama said his administration is workinyg on a Health Insurance Exchangse that would allow people to compare insurance benefitsand prices. None of the plan included in the exchange would be allowed to deny coveragd basedon pre-existing conditionse and all must include an basic benefit option.
“I also stronglg believe that one of the options in the Exchange should be a public insurancseoption – because if the private insurancde companies have to compete with a publidc option, it will keep them honesgt and help keep prices down,” Obamas said. Supporters of health care reform say it wouldr provide health insurance coverage to million s of Americans and make coverage more affordabls for those who are already Because health insurance premiums have doubled over the last nine and have grown at a rate three timeds fasterthan wages, even those with coverage have reachede a breaking point, Obama said. Employere are not faring any better.
Small business ownersd have been forced to cut health care benefits or drop coverags entirely because ofrising costs, Obamw said. “We have the most expensive healthh care system in the Obama said. “We spend almost 50 percent more per person on health care than the next most costly But here’s the thing, Green Bay: we’re not any healthie for it.” Obama vowed to let Americansd who are content with theirr coverage and their physicians keep what they but said the country has reached a point where doing nothiny about the cost of health care is no longe an option.
“If we do nothing, withih a decade we will be spending one out of ever five dollars we earn on health Obama said. “In 30 years, it will be one out of everhy three.” Obama acknowledged covering all Americans would be expensive, but promised health care reform wouldf not add to the country’as deficit over the next 10 “To make that we have already identified hundreds of billions worthn of savings in our budget – savingzs that will come from steps like reducingh Medicare overpayments to insurance companies and rooting out fraud and abuse in both Medicare and Obama said.
In addition, Obama is proposing that Congress scaler back the amountthe highest-income Americanxs can deduct on their taxes and use that money to help financs health care. Obama spoke for abouft 20 minutes and then took questions from six people in the audiencde who expressed fearover “socialized medicine,” askee questions about wellness and even questioned the country’ss education system. Regarding the idea of socialized Obama saidthat isn’t what he, or anyone in wants.
Thursday, September 27, 2012
Lee decides against reverse stock split - Philadelphia Business Journal:
olimstgon.blogspot.com
Mary Junck, chairman and chief executivre officer, said the boarxd considered currentmarket conditions, business forecasts and other factorz that could affect shareholder value, including the prospect of remainint in compliance with rules for continued listing. The NYSE notifiedr Lee (NYSE: LEE) in Decembeer 2008 that the company was not in compliancde with its continued listing standard of at least $1 a share. Since then, the NYSE announceds that the standard has been temporarily suspended throughJuly 31. As a Lee has until Dec. 3, 2009, to return to compliance. Lee was tradingf at 55 cents a sharwWednesday morning.
In February, the Iowa-based company it took on when it boughrthe Post-Dispatch and restructured futured payments under its $1.1 billion bank financing arrangements. The remaining debt balance of $186 million has been refinanced by the lenderswuntil 2012. Newspaper publishere nationwide are struggling with declining advertising revenue as readerss flock tothe Internet.
Mary Junck, chairman and chief executivre officer, said the boarxd considered currentmarket conditions, business forecasts and other factorz that could affect shareholder value, including the prospect of remainint in compliance with rules for continued listing. The NYSE notifiedr Lee (NYSE: LEE) in Decembeer 2008 that the company was not in compliancde with its continued listing standard of at least $1 a share. Since then, the NYSE announceds that the standard has been temporarily suspended throughJuly 31. As a Lee has until Dec. 3, 2009, to return to compliance. Lee was tradingf at 55 cents a sharwWednesday morning.
In February, the Iowa-based company it took on when it boughrthe Post-Dispatch and restructured futured payments under its $1.1 billion bank financing arrangements. The remaining debt balance of $186 million has been refinanced by the lenderswuntil 2012. Newspaper publishere nationwide are struggling with declining advertising revenue as readerss flock tothe Internet.
Tuesday, September 25, 2012
Persons to leave Massey Communications - San Francisco Business Times:
lehoquvuhu.wordpress.com
His last day with Massey will be no latedr thanJuly 24. Bud Brewer, formerlyy president and CEO ofthe agency, will take place as vice chairman, overseeing the agency's public relations, business developmen t and social media services. Brewer has been with the agencg and itsparent company, , since 1986. Lynne Frederick was promotedc from vice president and director of marketinvg for Massey Services to president and CEO ofMasset Communications. Frederick has been with Massey Services forsix years. Her priofr marketing and advertising experience includes work with General Electricd and FordConsumer Services.
Andrea Massey-Farrell was promoter from vice president of operations at Massey Communicationz to executive vice president and chiedoperating officer. She has been with the agencty for 12 years and will lead its advertisingyservices division, in addition to her responsibilities with agency operations and Yellow Page Directorgy advertising. “These changes will better position our agency to take advantagw of the opportunities that we anticipatd over the nextfew years,” said Harvey chairman of the company, in a prepared He said the agency's goal its to sharpen its focus and provides more targeted services.
Personw said he would open a new strategicpublicv relations, media relations and networkin g consulting firm called Todd Personse Communications in downtown Orlando in earlyh August. “I'm especially grateful to Harvey Massey and to Bud Brewer for theit friendship andwise counsel," Personse said. Massey Communications is a full-service strategic marketing and publicrelations agency. The agency and its parent company, Massey are based in Orlando.
His last day with Massey will be no latedr thanJuly 24. Bud Brewer, formerlyy president and CEO ofthe agency, will take place as vice chairman, overseeing the agency's public relations, business developmen t and social media services. Brewer has been with the agencg and itsparent company, , since 1986. Lynne Frederick was promotedc from vice president and director of marketinvg for Massey Services to president and CEO ofMasset Communications. Frederick has been with Massey Services forsix years. Her priofr marketing and advertising experience includes work with General Electricd and FordConsumer Services.
Andrea Massey-Farrell was promoter from vice president of operations at Massey Communicationz to executive vice president and chiedoperating officer. She has been with the agencty for 12 years and will lead its advertisingyservices division, in addition to her responsibilities with agency operations and Yellow Page Directorgy advertising. “These changes will better position our agency to take advantagw of the opportunities that we anticipatd over the nextfew years,” said Harvey chairman of the company, in a prepared He said the agency's goal its to sharpen its focus and provides more targeted services.
Personw said he would open a new strategicpublicv relations, media relations and networkin g consulting firm called Todd Personse Communications in downtown Orlando in earlyh August. “I'm especially grateful to Harvey Massey and to Bud Brewer for theit friendship andwise counsel," Personse said. Massey Communications is a full-service strategic marketing and publicrelations agency. The agency and its parent company, Massey are based in Orlando.
Monday, September 24, 2012
System Source buys Hunt Valley HQ for $7M - Baltimore Business Journal:
stages-paddocks.blogspot.com
The company went to its landlord, Chicago-baser (NYSE: FR) earlier this year to ask for a new or to buythe building, System Source CEO Robert Roswelll said in an interview. First Industrial agreed to System Source, which runs technology training classes, now owns the 72,000 square feet of flex spacs at 330-338 Clubhouse Lane in the Hunt Valleybusines district. It leases about 20,000 square feet of the space to Chesapeake Manufacturinv and is looking for a tenant for a vacant Roswell said. System Source is the building’sz fourth owner since the companu moved into the space sevenyears ago, he Its first landlord was Columbia’s Rouse Co.
, whicu was later acquired by now-bankrupt Chicago firm GGP) in 2004. General Growth sold the building to Firstt Industrialin 2005. Real estate firm LLC, through Vice Presidenty David Paulson, negotiated the transaction. The sale closexd March 31, Roswell said.
The company went to its landlord, Chicago-baser (NYSE: FR) earlier this year to ask for a new or to buythe building, System Source CEO Robert Roswelll said in an interview. First Industrial agreed to System Source, which runs technology training classes, now owns the 72,000 square feet of flex spacs at 330-338 Clubhouse Lane in the Hunt Valleybusines district. It leases about 20,000 square feet of the space to Chesapeake Manufacturinv and is looking for a tenant for a vacant Roswell said. System Source is the building’sz fourth owner since the companu moved into the space sevenyears ago, he Its first landlord was Columbia’s Rouse Co.
, whicu was later acquired by now-bankrupt Chicago firm GGP) in 2004. General Growth sold the building to Firstt Industrialin 2005. Real estate firm LLC, through Vice Presidenty David Paulson, negotiated the transaction. The sale closexd March 31, Roswell said.
Sunday, September 23, 2012
Six Flags files Chapter 11 bankruptcy - Nashville Business Journal:
ramsburgsyuheo1544.blogspot.com
has initiated Chapter 11 bankruptcyt proceedings, Six Flags announced Saturday. Six Flags’ (OTCBB: SIXF) board of directors on June 12 voterd to begin reorganization proceedingsin U.S. Bankruptct Court for the Districgof Delaware. The company listed assetse of $3.03 billion and debts of $2.36 billion in its filing. New York-based Six Flags is planning to reorganizsethe company’s financial structure, which managementy said is feeling the pressure of an inherited $2.4 billiohn debt.
In a letter to employees, Six Flaga CEO and president Mark Shapiro saidthe company’ s debt is left over from previous management and despits the company making $275 million last year, it has been difficult for Six Flagzs to improve its balance sheet when paying out $175 millionj in interest on debt, Shapiro He added that more than $400 million in debt is due withihn the next 12 and the company is having to spend $100 million in park improvements in an atmospherew where refinancing is difficult. Shapiro assured employees no staf f reductions will arise out ofthe filing, and employeeas will continue to be paid and receives benefits.
Shapiro said the bankruptcy plan has the support ofthe company’s lenders and the agent administering the company’sw $1.1 billion senior secured credit facility. Six Flags parks, including Six Flagss Great America, will continue to operatde as usualunder reorganization. Six Flage sold several properties last year toraise capital. It stilll operates 20 amusement parks inNorth America.
has initiated Chapter 11 bankruptcyt proceedings, Six Flags announced Saturday. Six Flags’ (OTCBB: SIXF) board of directors on June 12 voterd to begin reorganization proceedingsin U.S. Bankruptct Court for the Districgof Delaware. The company listed assetse of $3.03 billion and debts of $2.36 billion in its filing. New York-based Six Flags is planning to reorganizsethe company’s financial structure, which managementy said is feeling the pressure of an inherited $2.4 billiohn debt.
In a letter to employees, Six Flaga CEO and president Mark Shapiro saidthe company’ s debt is left over from previous management and despits the company making $275 million last year, it has been difficult for Six Flagzs to improve its balance sheet when paying out $175 millionj in interest on debt, Shapiro He added that more than $400 million in debt is due withihn the next 12 and the company is having to spend $100 million in park improvements in an atmospherew where refinancing is difficult. Shapiro assured employees no staf f reductions will arise out ofthe filing, and employeeas will continue to be paid and receives benefits.
Shapiro said the bankruptcy plan has the support ofthe company’s lenders and the agent administering the company’sw $1.1 billion senior secured credit facility. Six Flags parks, including Six Flagss Great America, will continue to operatde as usualunder reorganization. Six Flage sold several properties last year toraise capital. It stilll operates 20 amusement parks inNorth America.
Friday, September 21, 2012
Maryland Transit Administration preps for crush of inauguration travelers - Baltimore Business Journal:
ogarawo.wordpress.com
The MTA will offer regular service on the MARC Penn Line from Baltimoreto D.C., and limited service on the Brunswick and Camdenh lines on Jan 19. The MARC trains do not usually operatre on the federal Martin Luther King holiday. Commuter bus shuttle servicd will also be offered fromvarious park-and-ride locations to D.C. metr o stations. On inauguration day, Jan. 20, MARC trainb service will operate on a special schedule beginningv at5 a.m. until 9 a.m., and resuming from 4 p.m. to 9 p.m. on the Camden and Brunswick lines. The commutee buses will operate on the same schedule from several locations. The MTA will launchg an inauguration Web page on Friday providingv details onthe initiatives.
“Th inaugural events will draw record crowdx levels and are a greag opportunity to showcase the important role publidc transit plays is transporting commuters and visitora alike throughoutour state,” MTA Administratioh Paul Weidefeld said in a statement. Inauguration organizerss have projected crowds to be as high as 3 milliomn people forthe event.
The MTA will offer regular service on the MARC Penn Line from Baltimoreto D.C., and limited service on the Brunswick and Camdenh lines on Jan 19. The MARC trains do not usually operatre on the federal Martin Luther King holiday. Commuter bus shuttle servicd will also be offered fromvarious park-and-ride locations to D.C. metr o stations. On inauguration day, Jan. 20, MARC trainb service will operate on a special schedule beginningv at5 a.m. until 9 a.m., and resuming from 4 p.m. to 9 p.m. on the Camden and Brunswick lines. The commutee buses will operate on the same schedule from several locations. The MTA will launchg an inauguration Web page on Friday providingv details onthe initiatives.
“Th inaugural events will draw record crowdx levels and are a greag opportunity to showcase the important role publidc transit plays is transporting commuters and visitora alike throughoutour state,” MTA Administratioh Paul Weidefeld said in a statement. Inauguration organizerss have projected crowds to be as high as 3 milliomn people forthe event.
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