Montana’s Colstrip bailout bill defeated, for now

first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):A bill meant to save the Colstrip power plant in Montana is dead for now, but NorthWestern Corp. hopes lawmakers will revive the idea in other legislation before the session ends May 1.The bill was one of the most controversial pieces of legislation in this year’s session. Republican state Sen. Tom Richmond’s initial proposal would have allowed NorthWestern, the state’s largest utility, to pass on $75 million to ratepayers to cover the cost of increasing its share by up to 150 MW in one unit of the beleaguered coal plant. The proposed bill came as other utilities in the Pacific Northwest pull out of Colstrip because of requirements in states such as Oregon and Washington to move away from coal-fired generation. The bill would have allowed NorthWestern to pass on the costs to ratepayers investments for “environmental, regulatory, and safety compliance and reliability” without review by the Montana Public Service Commission.But lawmakers stripped language allowing the company to skirt PSC oversight, leading some to wonder what the resulting bill was intended to accomplish. And on April 16 Montana house members abruptly rejected the measure by a 60-37 vote.Anne Hedges, lobbyist for the Montana Environmental Information Center, said in an email, “We’re hopeful that this concept is dead for the session but we are staying vigilant. There’s too much time left and too many opportunities for bill proponents to hijack other ideas and try to force people to vote for this bill.”Jo Dee Black, spokeswoman for NorthWestern, said in an email that the company “continues to track legislation as the 2019 Montana Legislature continues.” Black would not say whether the company would still attempt to increase its ownership in the unit from the undisclosed seller.Talen Generation LLC operates Colstrip, which has a generating capacity of 2,094 MW, according to S&P Global Market Intelligence data. Owners include Puget Sound Energy Inc., of Bellevue, Wash., Portland General Electric Co. and Berkshire Hathaway Inc. subsidiary PacifiCorp, both of Portland, Ore.; and Avista Corp., of Spokane, Wash.More ($): Colstrip bailout bill dies in Montana Montana’s Colstrip bailout bill defeated, for nowlast_img read more

Construction work inches higher in Queensland, spikes nationally

first_imgConstruction work in Queensland rose only modestly in the September quarter. Picture: Stewart McLean.CONSTRUCTION work has risen for a second straight quarter in Queensland, but at a slower pace than other mainland states and territories.Nationally, the value of construction work done in the September quarter jumped 15.7 per cent to $61.9 billion, bolstered by a 33 per cent surge in engineering work, according to the latest figures from the Australian Bureau of Statistics.Western Australia led the gains nationally, with a 64.7 per cent surge in construction work completed during the quarter, followed by the Northern Territory, the ACT, New South Wales, South Australia, Victoria and Queensland. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Construction work jumped nearly 16 per cent in the September quarter. Picture: Brendan Radke.CommSec senior economist Ryan Felsman noted private new home building work increased only modestly, weighed down by surprise a drop in renovation work. “The construction pipeline in the south-eastern states of Australia remains very strong, supported by record low interest rates,” he said in a note to clients.“Population is rising, more homes are being built and economic activity is being sustained by construction-dependent companies and sectors. “This is further supported by public infrastructure works focused on road and transport related projects.”CommSec expects the next move in interest rates to be up, although not until late in 2018. Construction work spiked nationally during the September quarter.Tasmania was the only state to see a decline in construction work of 10 per cent.More from newsParks and wildlife the new lust-haves post coronavirus23 hours agoNoosa’s best beachfront penthouse is about to hit the market23 hours agoConstruction work in Queensland during the period rose a modest 0.5 per cent, on the back of a 2.1 per cent rise in the June quarter.Nationally, total building work on homes and non-residential buildings such as offices and shops fell 0.4 per cent during the quarter. RECORDS TUMBLE AS COAST SURGES BRISBANE’S PROPERTY HOTSPOTS PETER BEATTIE SPOTTED ON HUNT last_img read more

Jordan Fredericks headlines an impressive game for Syracuse freshmen

first_img Published on September 5, 2015 at 12:07 am Contact Jesse: [email protected] | @dougherty_jesse After taking the handoff from Eric Dungey, it looked like Jordan Fredericks was going to be swallowed up at the line of scrimmage.But the freshman running back found a small hole, ran 11 yards untouched and met four Rhode Island defenders around the Rams’ 3-yard line. Fredericks made one miss with a spin move, regained his balance after taking a hit and stumbled into the end zone with two defenders grabbing at his back.“I just run, that’s it,” Fredericks said after Syracuse (1-0) beat Rhode Island (0-1) 47-0 in the Carrier Dome on Friday night. “I try not to think about anything, and when I get tackled I get tackled.”Except on that play, a 13-yard touchdown run that was the first of his career, Fredericks never went to the ground. It was the highlight of his college debut — with strong competition from his first rush, a 31-yard dash down the middle of the field — in which he collected a game-high 103 yards and one touchdown on 14 carriesStarting running back Devante McFarlane did not play in the game and junior running back George Morris started in his place, but Fredericks came in and made the most of an early-season opportunity.AdvertisementThis is placeholder text“Jordan’s a beast man,” SU wide receiver Steve Ishmael said. “He just plays football, that’s one thing I love about him. He doesn’t think twice about anything. If he sees a brick wall he’ll run into it without even thinking.”Fredericks was the headliner for a great offensive performance by Syracuse’s freshmen, even if it was against a Football Champion Subdivision team that went 1-11 last season.Freshman quarterback Eric Dungey took over for an injured Terrel Hunt at the 7:33 mark of the first quarter, and went 10-for-17 for 114 yards and two touchdowns. Freshman hybrid Dontae Strickland ran twice for 42 yards, and his second resulted in a 21-yard touchdown. Even freshman walk-on Jacob Hill saw action in the second half, rushing for 75 yards on 17 carries.In all, freshmen accounted for 359 of total offense in the game, which was 84 percent of the Orange’s 426.“I’m just really excited for these freshmen man,” Ishmael said. “All these guys are just contributing, and I’m looking forward to seeing them down the stretch.” Comments Facebook Twitter Google+last_img read more