BNEF: Unsubsidized wind now competitive with gas in Minnesota

first_imgBNEF: Unsubsidized wind now competitive with gas in Minnesota FacebookTwitterLinkedInEmailPrint分享Minneapolis Star-Tribune:The cost of deploying wind and solar energy continued to decline significantly in Minnesota last year, and wind — even without federal tax subsidies — may be the state’s cheapest source of new electricity.Those conclusions were included in a report released Monday by Bloomberg New Energy Finance, which annually surveys the U.S. power generation sector for the Business Council for Sustainable Energy, an industry-led group.The cost of new wind and solar power facilities in Minnesota fell by 16 percent and 23 percent respectively in 2018 over the previous year, the report found.The “levelized cost” of new, unsubsidized wind energy came in at $38 per megawatt hour (MWh), which takes into account the cost to build a power plant and its total power output, according to the Bloomberg analysis. Bloomberg didn’t have a state-by-state breakout of the levelized cost of natural gas. But wind in Minnesota is particularly cheap.“Minnesota has access to some of the best wind resources in the U.S.,” the Bloomberg report said. “As a result … new wind build in the state is likely already at parity with new combined-cycle natural gas plants even without incentives.”More: Cost of adding new wind, solar energy continues to fall in Minnesota, report sayslast_img read more

Officer Shot, Killed Bay Shore Carjacking Suspect, Cops Say

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Suffolk County police officer fatally shot a 21-year-old suspect who allegedly carjacked a vehicle with two children inside in Bay Shore after shoplifting from a nearby Best Buy store on Sunday evening, authorities said.The officer responded to a report of a larceny from the store on West Sunrise Highway, where a witness pointed out that the suspect, Denzel Brown, of Amityville, was hiding outside the store at 7:46 p.m., police said. When the officer approached, Brown allegedly fled and the officer chased him on foot, police said. The officer used a Taser on him, but it was “ineffective,” police said.“As Brown was running away, he attempted to open the doors of both moving and parked vehicles that were in the parking lot and along Nevada Avenue,” police said in a news release. “He then attempted to steal a running car from a couple while two children, ages 4 and 6, were sitting in the back seat. The couple was screaming at Brown to stop as the officer caught up with him and ordered him out of the vehicle.”Brown started driving away when the officer fired one shot at him, opened the car door and tried to remove Brown from the vehicle, police said. A struggle ensued and the officer used the Taser again, but it was still not effective, police said. The officer fired a second gunshot before additional officers arrived and took Brown into custody, police said.Brown was taken to Southside Hospital in Bay Shore, where he died during surgery.The incident is similar to one in which a Lake Success village police officer shot and wounded a cell phone store robbery suspect who authorities said was carjacking a victim while making his getaway three weeks ago, Nassau police have said. That suspect survived.Homicide Squad detectives are continuing the investigation and ask anyone with information about this incident to call them at 631-852-6392 or call anonymously to Crime Stoppers at 1-800-220-TIPS.last_img read more

Pensions industry weighs in on ECB data reporting plan

first_imgThe associations said it was not clear which German entities would have to report to the ECB. The central bank’s requirements would prove an additional burden for IORPs, the German organisations added, as such funds would be subject to “the almost simultaneous introduction of new reporting requirements by EIOPA”.“I fear this being a very significant resource drain for no demonstrable benefit”Mark Dowsey, Willis Towers WatsonIn total, pension funds would in future have to comply with three “extensive” reporting requirements, the associations added, including “existing, but hopefully reduced” reporting to the German national supervisor.They raised concerns about the timeframe for reporting liabilities – within 14 weeks – and said this was too short if a binding validation of the data was required within this period.Mark Dowsey, senior consultant at Willis Towers Watson, told IPE that the ECB’s data collection plans were “a big issue for many pension funds in Europe”.“I fear this being a very significant resource drain for no demonstrable benefit,” he said. “I understand the ECB’s wanting a broad handle on things at the macro level, but this sort of granular detail seems unnecessary.”What the European Central Bank has proposed EIOPA is still consulting on the regular reporting of occupational pensions information from national supervisory authorities. The requirements would apply to pension funds of €1bn or more in assets.According to Willis Towers Watson, the information sought by EIOPA goes beyond that targeted by the ECB – including, for example, data about pension protection schemes.In its work programme for 2018, EIOPA said its strategic ambition was to be “the EU data-hub for the collection, use and dissemination of reference and reporting data on EU insurance companies and pension funds”. It also claimed this year’s stress test of pension funds “will likely highlight a number of risks in relation to the occupational pensions market, and EIOPA will need to enhance its means of collecting, managing and analysing data on the sector”.EIOPA’s data proposals have already been criticised by pension funds, although formal responses will come in following the end of the consultation on 27 October.EIOPA and the ECB have worked together in setting up their definitions and frameworks with a view to minimising the reporting burden on the pensions industry, the two parties have said.EIOPA’s proposals – which are still open to consultation until 27 October – are focused on obtaining information from national supervisors. However, Willis Towers Watson’s Dowsey said regulators would still have to seek this data from individual pension schemes.The UK and other non-euro-zone European countries would probably be unaffected by the ECB’s regulation, Dowsey said, but – subject to Brexit negotiations – would probably still be affected by the EIOPA proposal. Proposed new data reporting rules affecting pension funds should be delayed by up to a year to aid understanding and compliance, according to German pension fund trade bodies.Both the European Central Bank (ECB) and the European Insurance and Occupational Pensions Authority (EIOPA) have proposed frameworks for data gathering from pension funds, both of which have been criticised already as posing a significant burden.Responding to the ECB’s consultation, which closed at the end of September, Germany’s aba called for a 12-month delay to the first required reporting date, from the end of 2018 to at least the end of 2019, “because from our perspective the earlier date is not feasible”.aba’s response was also on behalf of the German trade bodies for public and church pension funds (AKA) and Versorgungswerke (ABV).center_img The ECB wants pension funds to report regularly on their assets and liabilities as a means of “increasing transparency in this fast-growing sector of the financial services industry”. It published a draft regulation on this at the end of July and its consultation on the regulation ended on 29 September.According to Willis Towers Watson, the ECB regulation would require pension funds to provide broad and detailed reports on their assets, liabilities and membership numbers. At the asset level they would have to provide each security’s identification number (ISIN), price, market value, number of units, revaluations, and more.The draft rules state that “national central banks” should co-ordinate quarterly asset portfolio data and annual data regarding liabilities and membership. Dowsey questioned what the ECB or regulators would be able to do if they thought the data revealed a problem.“Let’s say they establish that pension funds have a significant exposure to Greek sovereign debt, or too many people are investing in a certain security,” he said. “They can’t compel [investors] to sell. Even issuing a warning would move markets, perhaps unnecessarily.”Trade bodies call for minimal reporting burdensPensionsEurope – the continental trade body for pension funds – and the Netherlands’ Pensioenfederatie both voiced support for the ECB’s aims in their consultation responses.The Dutch trade body appeared relatively unconcerned by the central bank’s plans. In comments shared with IPE, it said the dataset as requested by the ECB was not as comprehensive as the dataset requested by its national supervisor.“Consequently, the effect of this initiative on Dutch pension funds should be limited,” it said.In general, however, it was very important that reporting burden and costs were minimised as much as possible for its pension fund members, the Pensioenfederatie added.“When it comes to the process of data collection and distribution, a central role should be played by the national authority, that already [has] a lot of information available (at least in the Netherlands),” the federation said. PensionsEurope also emphasised the importance of keeping the reporting burden and costs to a minimum, but said it was “happy to see that the ECB already pays a lot of attention to that in its draft regulation”. However, it reiterated that pension funds should not be required to pay high fees to third parties to obtain the information required by the ECB and EIOPA.EIOPA’s plans for an EU “data-hub”last_img read more

​Jaime Munguia vs. Gary O’Sullivan odds, prediction, betting trends for middleweight fight

first_imgHere’s a guide to everything you need to know about betting on the ​Jaime Munguia vs. Gary O’Sullivan fight, including updated odds, trends and our prediction.MORE: Join DAZN to watch Munguia vs. O’Sullivan & 100+ fight nights a year​Jaime Munguia vs. Gary O’Sullivan oddsJaime Munguia: -1981Gary O’Sullivan: +1006Total rounds: 5.5Munguia is a heavy favorite to win his first bout as a middleweight. He is nearly a 1 to 20 favorite per the boxing betting odds, and he is expected to be just the third fighter to knock out O’Sullivan. Oddsmakers are very skeptical this fight will go the distance with an over/under of 5.5 rounds. The former WBO light middleweight champion is 23 years old, but he has plenty of experience for a boxer his age. Munguia turned pro at the age of 16, and he won the WBC Latino light middleweight title less than two years ago. He claimed the WBO light middleweight strap just three months later with a fourth-round TKO, and he defended the belt successfully five times before making the move up in weight. He is 34-0 ahead of this fight with 27 of those victories coming by knockout.O’Sullivan is 30-3 with 21 knockout wins. He is 12 years older than Munguia, but he has taken part in less bouts as his career has followed a more traditional path. O’Sullivan claimed the WBO International middleweight title in July 2012, but he lost the strap to Billy Joe Saunders a year later. He claimed another minor belt when he dominated Antoine Douglas to win the WBO Intercontinental middleweight belt in December 2017, but he suffered a first-round knockout at the hands of David Lemieux in his last big fight in September 2018.MORE: Get the latest boxing odds and betting trends from Sports InsiderAn Irish boxer gave Munguia his toughest test There is likely to be a little trepidation from Munguia’s corner as the only boxer to genuinely test him during his time as a light middleweight was Dennis Hogan. In a bout that Munguia was supposed to win easily, Hogan gave the champion all he could handle. They met in Monterrey, Mexico in April of last year, and Munguia did not look like himself in his lone title defense on home soil.  Most pundits believed that Hogan won the bout. Hogan landed the bigger blows and Munguia was constantly asking his corner whether he was ahead, but the judges gave the champion a majority decision. Munguia stated afterwards that he believed the fight was a draw, indicating that he felt he could have easily lost the fight. That might give him cause for pause against another Irish boxer in O’Sullivan.More than a mustacheO’Sullivan is most known for his distinctive facial hair. When he first steps into the ring, he looks like a boxer from the previous century, but underestimate him at your peril. Although he has yet to win a major belt, he dismantled an up and comer that was supposed to easily get past him in Douglas two years ago, and he has formidable power.In addition to dealing Douglas his first defeat, O’Sullivan recently knocked out another up and comer in Berlin Abreu, and he can upset Munguia if the younger boxer isn’t prepared mentally and physically. What’s next?Munguia’s camp wants to use this fight as a springboard to set up a major bout with one of the big names in the middleweight division. He had initially agreed to fight Gennady Golovkin in place of Canelo Alvarez before that was quashed by the Nevada State Athletic Commission, but a convincing Munguia victory could earn him a coveted bout with GGG, Alvarez, or Demetrius Andrade. After dominating the light middleweight division for almost two years, Jaime Munguia is looking for another challenge. Munguia will be moving up to the more competitive middleweight division this Saturday when he makes his debut fight at the weight class against the exciting Gary “Spike” O’Sullivan. A partisan crowd will be cheering on Munguia at the Alamodome in San Antonio, Texas, and you can catch the fight exclusively on DAZN.This bout will headline a card on Saturday, January 11, 2020, and coverage will start at 7 p.m. ET with the main card scheduled to start at 9 p.m. ET. Munguia and O’Sullivan are expected to enter the ring at 11 p.m. ET to cap off the evening.last_img read more

SUMMER SCHOOL TO REMEMBER BROTHER PASCHAL WILLIAMSON

first_imgThe keynote address at next month’s second annual Micheael O’Cleirigh Summer School in Rossnowlagh will remember Brother Paschal Williamson.Franciscan Brother, Paschal Williamson, who was buried in Rossnowlagh, Co. Donegal, yesterdayPhoto: James Connolly / PicSell8This was announced by School chairperson Brian McAuley at a formal launch of the School in the Sandhouse Hotel, Rossnowlagh, on Friday, April 10.Principal speaker on The Saints of South Donegal will be Pádraig Ó Riain, Emeritus Professor of Early and Medieval Irish at University College, Cork, and author of a Dictionary of Irish Saints. The organising committee decided that his address will be The Brother Paschal Williamson Memorial lecture, in honour of a man who over his lifetime promoted the values and ideals that Micheal O’Cleirigh exemplified as leader of the Four Masters.They produced the all‐encompassing annals of the Kingdom of Ireland between 1632 and 1636.Brother Paschal, who died in 2009 aged 87, worked for more than half a century in the service of the Franciscan Order, all of it in Rossnowlagh.He championed the Irish language and Irish dancing, and was a founder‐organiser of Feis na gCeithre Maistri held annually between 1959 and the early 1990s at the friary in Rossnowlagh. He would have been an enthusiastic promoter of the O’Cleirigh Summer School. Mr McAuley also revealed that the School will be officially opened by Mr Joe McHugh, Minister of State at the Department of Arts, Heritage and Gaeltacht, on the first evening of the three‐day event on May 15.One of the highlights of the School this year is a production of Dark Daughter by Rossnowlagh playwright Soinbhe LallyIt is a drama based on Lughaidh O Cleirigh and Inion Dubh. Lughaigh wrote about the life of Aodh Rua(Red Hugh) O’ Domnhaill. Inion Dubh was Aodh Rua’s mother.Maura Logue, director of Dark Daughter Productions, and Christian Carbin, who plays Lughaigh, mingled with the launch attendance.Information about the School can be found on www.mocleirigh.ie or by linking to Micheal O’Cleirigh on Facebook or on 087 444 5848. SUMMER SCHOOL TO REMEMBER BROTHER PASCHAL WILLIAMSON was last modified: April 10th, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more