Green Mountain Power Lauds New Stable Rate Plan

first_imgGreen Mountain Power said it was pleased with the opportunity to stabilize electric rates for its 90,000 customers as a result of a Vermont regulatory order issued Monday.”This is very positive news for our customers as it allows a very stable rate path between now and 2007,” said Green Mountain President and Chief Executive Officer Christopher L. Dutton. Green Mountain last increased its electric rates in January 2001, so the new rate order provides customers with a six-year period of rates that have been essentially flat.The Vermont Public Service Board issued an order Monday that:· Allows Green Mountain Power to raise rates 1.9 percent, effective January 1, 2005; and 0.9 percent effective January 1, 2006, if the increases are supported by cost of service schedules submitted 60 days prior to the effective dates.· Allows Green Mountain the opportunity to file for rate increases during the period if the Company experienced extraordinary events, like repair costs due an ice storm or other natural disaster.· Green Mountain will reduce its return on equity from the current 11.25 percent to 10.5 percent for the period beginning Jan. 1, 2003 to Jan. 1, 2007. This will allow investors a secure earnings path that will assist the Company in attracting investor capital to help finance needed system infrastructure improvements during the period.· Approves a three-year economic development agreement for International Business Machines, as long as IBM does not reduce employment by more than five percent during the period. The Board found that the IBM economic development agreement is not subsidized by other Green Mountain Power customers. The Board further stated in its December 22nd Order that, “Thus, we accept the proposition that retained jobs are essentially equivalent to new jobs.”· Provides for recovery of various regulatory assets, including the remediation of the Pine Street environmental superfund site in Burlington, VT.In summarizing the impact of its Order the Vermont Public Service Board said, “Green Mountain will benefit from the certainty the Memorandum of Understanding provides to its standing in the financial community, the security of predictable rate recovery, and the resolution and rate recovery of certain deferred accounting items.”The Board order also provided:· Green Mountain Power to file a new comprehensive rate design with regulators within 60 days, and this rate design will feature new proposals regarding economic development rate special contracts.· Green Mountain Power and the Vermont Department of Public Service will work to develop a proposed alternative rate regulation plan within 120 days. “On the whole, this order reflects a fair balancing of Green Mountain Power’s customer and investor interests. We are pleased with this favorable regulatory development,” said Mr. Dutton.last_img read more

Hotel Esplanade offers its guests a new unique service

first_imgZagreb Hotel Esplanade offers its guests a new unique service that they want to enrich their stay in Zagreb and this historic hotel with professional photos from their trip.With a focus on creating special experiences, continuing the trend of innovation in order to offer more than expected, the Zagreb hotel Esplanade introduces a professional photography service for guests. The idea of ​​the service created in cooperation with the MyTripographer photography studio is to offer guests a relaxed tour of Zagreb, enjoy the parks and city sights accompanied by a professional photographer who will capture happy moments with top photos and turn them into unique lasting memories. Take more than selfie photos with you on your trip.”So that professional photography would not be reserved only for weddings and special occasions, we decided to offer such a service to our guests and allow them to become stars for one day, to experience the destination in a special way and bring with them wonderful lasting memories of an unforgettable stay at the Esplanade.. ” pointed out the general manager of the Esplanade Hotel, Ivica Max Krizmanić. Also, as an additional income and hotel service for those guests who want to shine in full splendor, the hotel offers additional services through a professional makeup artist and hairdresser.Five created packages will satisfy the wishes of guests depending on their needs and faithfully show emotions in photos with the help of professional photographic equipment and lighting and the expert eye of the photographer, they point out from the Esplanade Hotel.So simple and ingenious, apart from the added value as well as the extra income that ranges from 1.500 to 5.500 kn depending on the selected package, the hotel is smartly positioned on a conscious and unconscious level. Hotel guests will certainly put the pictures in a visible place, and they will show it to their loved ones so that the picture, ie the visibility of the hotel, multiplies at that moment. Of course, the guests will remember the Esplanade Hotel fondly, and the picture will additionally remind them of that moment during the year. And because of the whole story, the guests will return to the Esplanade Hotel and that’s it – the circle is closed and most importantly they got a loyal guest.Related news:HOTEL ESPLANDE THE FIRST CROATIAN CERTIFIED HOTEL WITH GLUTEN FREE OFFER TESLA CAR OWNERS IN ESPLANADE CAN CHARGE THEIR ELECTRIC VEHICLE FOR FREElast_img read more

Wimbledon 2019: Roberto Bautista Agut sets semi-final date with Novak Djokovic

first_imgNovak Djokovic took what was shaping up as an entertaining, well-played matchup in the Wimbledon quarterfinals and quickly turned it into a lopsided romp with a 10-game run.Down an early break, the defending champion grabbed control midway through the opening set Wednesday and never let go, overwhelming the 21st-seeded David Goffin 6-4, 6-0, 6-2 to reach his ninth semifinal at the All England Club.”Obviously things could have gone a different way,” Djokovic said. “Who knows what the match would look like if I lost the first set?”The No. 1-seeded Djokovic will face No. 23 Roberto Bautista Agut on Friday in the semifinals. The Spaniard beat No. 26 Guido Pella of Argentina 7-5, 6-4, 3-6, 6-3.Djokovic is seeking his fifth Wimbledon championship and 17th Grand Slam trophy overall.Roberto Bautista Agut reached his first Grand Slam semifinal by beating Guido Pella 7-5, 6-4, 3-6, 6-3 at Wimbledon.The Spaniard broke Pella in the opening game of the first two sets, and then again for a 2-1 lead in the fourth. He served out the victory on his first match point when Pella sent a forehand long.The 31-year-old Bautista Agut, who had never been past the fourth round of a Grand Slam before, will play defending champion Novak Djokovic on Friday.Bautista Agut was the only player to reach the quarterfinals without dropping a set, while Pella had spent nearly twice as much time on court 12 hours, 47 minutes compared to 6 hours, 48 minutes after coming through two five-setters.Also Read | 15-year-old Coco Gauff thinking about Wimbledon next yearadvertisementAlso Read | Wimbledon 2019: Serena Williams battles to reach semis, Simona Halep eases throughAlso Seelast_img read more