Green Mountain Power to buy electricity from Seabrook

first_imgGreen Mountain Power Corp,Green Mountain Power CEO Mary Powell announced today that it has reached a power purchase agreement with NextEra Energy Resources LLC, owner of the Seabrook, NH, nuclear power plant. The 23-year agreement is a fixed-price contract that adjusts with an inflation mechanism to protect customers from future power price swings.Click photo to watch.The energy price for 2012 is 4.66 cents per kilowatt hour. The initial load will be for 60 megawatts and over time be reduced to 40 MW. The 60 MW represents about 20 percent of GMP’s portfolio.GMP also negotiated a reserve of another 25 MW at the same price that Powell said will be available to other Vermont utilities, though no other has committed to it yet.Powell said: ‘It is a contract that fulfills the vision and promise that we made to our customers three years ago, which was to deliver power that is low in carbon, low in cost and incredibly reliable, while we also ramp up cost-effective renewable energy options for Vermont’s future.’NextEra CEO Lew Hay said: ‘We’re delighted to be able to provide power for a very long time that’s very affordable and is zero carbon output. We’re proud of the Seabrook plant. We’ve owned and operated that plant for the better part of eight years and it’s a very reliable plant. It’s a very efficient plant. And we hope this is the beginning of even more things to come.’NextEra bought Seabrook in 2002. Its license does not expire until 2030.Hay said Seabrook has plenty of capacity to make more deals but would not say if he is in negotiations with other Vermont utilities. He said NextEra was approached by Entergy Nuclear several months ago about buying the Vermont Yankee plant. Entergy said in April that it had attempted but failed to find a buyer for VY. Steve Costello from Central Vermont Public Service said his utility is in no rush to sign longterm contracts, given CVPS’ strong position at the moment and the buyer’s market which now exists in the New England power system.Powell said that this deal with Seabrook does not preclude any future power purchase agreement with the Vermont Yankee nuclear plant in Vernon, should VY successfully work its way through various legal and regulatory issues. Powell said that this deal with Seabrook does not preclude any future power purchase agreement with the Entergy Vermont Yankee nuclear plant in Vernon, should VY successfully work its way through various legal and regulatory issues.She said that this Seabrook deal, in conjunction with last year’s Hydro-Quebec agreement, fills GMP’s long-term baseload needs. She calls them “anchor tenants.” She said there is strategic room in the Colchester-based utility’s portfolio to look at different power purchase options as they may come along. She said that GMP is committed to maintaining a diverse portfolio.Pictured: Mary Powell with NEXTera Energy Chairman and CEO Lewis Hay III. Below, Powell chats with reporters before the press conference.Not including nuclear or Hydro-Quebec, Powell said the GMP renewable energy portfolio will account for 20 percent of the utility’s power by 2013. If Hydro-Quebec is included, that number goes up to 60 percent, she said.The announcement was made at Dynapower in South Burlington, whom Powell described as an important customer for GMP. Other important customers were also present.Janet Bombardier, the senior location executive at IBM Burlington, said that IBM is looking for quality, reliable, cost-effective power. She told Vermont Business Magazine that IBM’s concern with the uncertainty involving Vermont Yankee included the price. The current VY cost is about 4.5 cents per kilowatt hour.‘This helps keep those rates stable,’ she said.Green Mountain Coffee Roasters, based in Waterbury, is the fastest growing company in Vermont among the state’s 25 largest, according to VBM (January 2011). Its five-year growth rate is over 700 percent. Its 10 year growth rate is over 1,500 percent.As with IBM, it operates sophisticated machinery that require a large amount of reliable power.Paul Comey, GMCR’s VP for Environmental Affairs said his firm, as with GMP, is committed to renewable power and regularly buys offsets from around the country to achieve carbon neutrality.Betsy Bishop, president of the Vermont Chamber of Commerce said, ‘I think this is a good day for the business community.’She said all electric customers in Vermont want low-cost, reliable, baseload power.Powell said in a statement: “This agreement is very favorable for our customers, and delivers on the vision Green Mountain Power launched three years ago to move to a cleaner, greener future in a cost effective way. We set out to accomplish this by ramping up cost effective renewables while we built a solid portfolio that is low in carbon, cost and is incredibly reliable. This provides the perfect platform for our continued efforts to pursue cost effective renewable energy options.””With this agreement, along with the recently approved Hydro Quebec contract and plans to build Kingdom Community Wind in Lowell, Green Mountain Power has delivered on the major components of its vision to provide reliable, low cost and low carbon resources,” Powell added.Located in southern New Hampshire, the 1,245-megawatt Seabrook nuclear power plant has been in operation since 1990. NextEra Energy Resources is the majority owner and operator of the plant.NextEra Energy Resources has more than 100 power generating facilities in 26 states and Canada.The Florida-based company is the leading US producer of wind power, and its solar array in California’s Mojave Desert is currently the largest in the United States. Green Mountain Power and NextEra Energy Resources hope to continue to collaborate on future renewable energy projects in Vermont as Green Mountain ramps down its portfolio dependence on Seabrook.Mitch Davidson, president and CEO of NextEra Energy Resources, said in a statement, “We anticipate that this is the first step in a long-term partnership with Green Mountain Power and the people of Vermont. We look forward to discussing new opportunities to partner with Vermont utilities, in particular in regards to promoting and developing renewable energy.”Beginning in 2015, GMP will take 60 megawatts of Seabrook power ramping down to 40 megawatts by the end of the contract, representing approximately 20 percent of its total overall energy mix. An additional 25 megawatts of power will be made available to other Vermont utilities on the same favorable terms. The agreement was reached after several months of negotiations, and must be approved by Vermont’s Public Service Board before taking effect.GMP will also purchase 15 megawatts of energy from NextEra Energy Resources for 2012-2014, a period during which GMP has been periodically replacing its expiring power supply contracts.Liz Miller, Commissioner of the Vermont Department of Public Service, said, “GMP has struck a deal for a price that looks good for its own customers and for the customers of other Vermont utilities that decide to participate. Keeping costs down for Vermonters is great for the state’s economic development.” About Green Mountain PowerGreen Mountain Power (www.greenmountainpower.com(link is external)) transmits, distributes and sells electricity in the State of Vermont. It serves more than 175,000 people and businesses.About NextEra Energy ResourcesNextEra Energy Resources, LLC is a clean energy leader and one of the largest competitive energy suppliers in North America. A subsidiary of Juno Beach, Fla.-based NextEra Energy, Inc. (NYSE: NEE), NextEra Energy Resources is the largest generator in North America of renewable energy from the wind and sun. It operates clean, emissions-free nuclear power generation facilities in New Hampshire, Iowa and Wisconsin as part of the NextEra Energy nuclear fleet, which is the third largest in the United States. NextEra Energy had 2010 revenues of more than $15 billion, nearly 43,000 megawatts of generating capacity, and approximately 15,000 employees in 28 states and Canada. www.NextEraEnergyResources.com(link is external).last_img read more

Arsenal fans demand Bernd Leno starts Europa League final after Petr Cech agrees Chelsea return

first_imgArsenal fans demand Bernd Leno starts Europa League final after Petr Cech agrees Chelsea return Read More Metro Sport ReporterTuesday 21 May 2019 8:44 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.8kShares Comment PLAY Read More Advertisement Arsenal fans have not taken the news well, however, with many taking to social media to urge manager Unai Emery to reconsider starting Cech in the final if he does indeed already has an agreement with Chelsea… The veteran keeper leaves Arsenal at the end of the season and will return to Chelsea (Picture: Getty)Arsenal fans have reacted furiously to reports that Petr Cech has already agreed to return to Chelsea this summer just a week before the Europa League final.The veteran Czech shot-stopper has started every knockout game in Europe this season ahead of No.1 keeper Bernd Leno and had been expected to keep his place in the side for the final in Baku.That will represent his final game for the Gunners before he retires, and Sky Sports are now reporting that he will be take up a new role as sporting director at old club Chelsea.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityThe Blues have been keen to bring back some of their old guard from the club’s most successful era, though it is not yet known what Cech’s responsibilities will involve.AdvertisementAdvertisementADVERTISEMENT 1/1 Read More SPONSORED Top articles Read More Manchester United captain Harry Maguire Read More Petr Cech will be working at Chelsea next season. No need for sentimentality. Start Leno in the final.— Not a football account (@1886_blog) May 21, 2019 Skip / Full Screen Video Settings Coming Next Skip Ad Cech addressed the speculation on Twitter, saying: ‘Despite the news today as I had already said to everybody before, I’ll make a decision about my future after the last game.‘Now my sole focus is to win the Europa League with Arsenal.’Despite the news today as I had already said to everybody before , I’ll make decision about my future after the last game . Now my sole focus is to win the EL with @Arsenal .— Petr Cech (@PetrCech) May 21, 2019 by Metro This guy cannot start in the final, it would almost be forfeiting this final. He has agreed to take up a sporting director role for the team we play against. Leno better start or we’ve lost. https://t.co/uRzXuUOyfF— Alex° 🇦🇿 (@TheAlexEra) May 21, 2019 Admire Cech but announcing you are (re) joining a rival you are playing against in a European final in a week means I would drop him and play Leno.— Ross Baxter (@RossWBaxter) May 21, 2019 Rio Ferdinand tells Ole Gunnar Solskjaer to drop struggling Advertisement 1 min. story About Connatix V67539 Visit Advertiser website GO TO PAGE After initially battling Leno for the No.1 berth at the start of the season, Cech eventually lost the role to the summer signing from Bayer Leverkusen – though the German has only played four times in the Cups.Cech has been tasked with keeping goal in the Europa League, Carabao Cup and FA Cup instead, keeping six clean sheets in 10 European appearances, and has performed his role diligently despite his looming retirement.Who should start in goal for Arsenal in the Europa League final?Petr Cech0%Bernd Leno0%Share your resultsShare your resultsTweet your resultslast_img read more

State program provides funding for disposing of hogs that can’t go to packing plants

first_imgDES MOINES — The Iowa Department of Agriculture has launched a program to help pork producers deal with hogs they can’t take to market after coronavirus shutdowns at packing plants.Ag Secretary Mike Naig says it’s something no producer wants to deal with. “Farmers are doing everything they can to avoid having to take the step of euthanizing and disposing of animals,” Naig says. “They are finding alternate ways to market, they are selling direct to consumers, they’re changing their feed ration to slow down the rate of gain — they are doing everything they can. This truly is an action, a decision of last resort.”The Ag Department is offering producers $40  for each animal to help cover some of the disposal costs for market-ready hogs. “It won’t cover all costs, but it is a part of the cost that they’ll incur to euthanize and dispose of animals,” he says. Naig says they are still hoping for federal help to cover the lost of revenue from the hogs.Iowa State University estimates that by mid-May there were approximately 600,000 pigs in Iowa that were unable to go to the packing plants. Iowa producers were faced with killing thousands of chickens and turkeys during the aviation influenza outbreak five years ago — and Naig says they learned some things from that response.“One of the key learnings from that was to really empower producers to make decisions and to take control of the situation,” according to Naig. “They know their operations better than anyone else. And they also know the resources at their disposal better than anyone else. We learned that back in 2015.”He says they will hand out the funding in at least three rounds. “The first round closes Friday of this week, and farmers will need to reach out to our office. They can call the main number or they can go to IowaAgriculture.gov and there is a way to apply there. And then we will subsequently roll out rounds two and three,” Naig says.Naig says this will help producers deal with the short-term problem. In the long-term, he says they need to continue to get making the packing plants safe for workers. He says that will allow the employees to confidently show up and know that they can work safely. “That’s ultimately what it takes to return to full processing capacity. Today in Iowa we are running at about 75 percent of our normal processing capacity — an again that number steadily improves each day.” Naig says.He says this could continue to be a problem throughout the summer. Each applicant who is approved will receive funding for at least 1,000 animals and up to 30,000 each round, depending on the number of applicants. The money comes from federal coronavirus relief funding.last_img read more