Vermont Small Business Act 250 Fact Sheet

first_imgSooner or later, every growing business will likely need an Act 250 or environmental permits to either move into a new facility, or construct more space. Knowing what to expect, and how to get started are the keys to obtaining your permit as quickly and easily as possible.The Vermont Small Business Act 250 Fact Sheet is designed for businesses, that are not yet familiar with Vermont’s Act 250 process. Created by the Vermont Environmental Assistance Partnership (SBDC, VMEC, VT-ANR, Dept. of Economic Development) in cooperation with the VT Environmental Board.On the web at: www.veap.org/news.shtml(link is external)or by calling 802-728-1423last_img read more

Plasan awarded contract for additional 923 M-ATV armor kits

first_imgSOURCE Plasan.  BENNINGTON, Vt., Oct. 12, 2009 /PRNewswire/ — Plasan, a global leader in survivability and combat-proven armor solutions for vehicles, airborne platforms and personal protection, today announced it has won yet another contract for the delivery of 923 armor kits for the U.S. Army’s MRAP All-Terrain Vehicle (M-ATV) as sub-contractor to Oshkosh Defense. Today’s announcement of additional orders comes just one week after Plasan announced meeting a significant delivery milestone of 750 armor kits on the M-ATV contract.Mr. Dan Ziv, CEO of Plasan, said of the contract: “Plasan continues to expand our operations, creating jobs and protecting warfighters. As soldiers building for soldiers, Plasan understands that these armor solutions are critically needed.”Plasan North America and its local sub-contractors have made advance preparations to comply with strict composite specifications and a tight delivery schedule. Through the application of the modular Kitted Hull concept, developed by Plasan, all armor parts and components are sent to the vehicle’s manufacturer where they are applied to the vehicle at the assembly line, thus improving efficiency and reliability. Plasan’s production capabilities are complemented by a comprehensive supply chain that encompasses suppliers of materials, equipment and solutions throughout the U.S. This extensive network enables the production capacity the necessary flexibility to expand or reduce production volumes according to demand.About PlasanPlasan provides customized survivability solutions for tactical wheeled vehicles, aircraft, naval platforms, civilian armored vehicles and personal protection. A recognized global leader and industry veteran, Plasan’s survivability solutions offer the optimal combination of protection, payload, and cost by combining in-house R&D, design, prototyping and manufacturing capabilities.Plasan combines innovative survivability engineering and design with advanced armor materials development. Its unique development process is based on continuous interaction between the R&D and the Design & Prototyping departments. During this process, Plasan combines computer-generated analysis and simulations with real-time calibration and ballistic test data. The effective combination of test and simulation data enables improved simulation accuracy and performance, resulting in the optimal survivability solution.Plasan’s engineers are unique in terms of their military backgrounds and hands-on experience. As veterans of the Israel Defense Forces they are familiar with soldiers’ behavior during combat and share a common language with the end user. This often contributes to the development of life saving solutions.Plasan’s success is a combination of innovation, a high level of commitment and a full range of in-house capabilities. As a preferred supplier to the Israel Defense Forces and an approved supplier to ministries of defense around the world, Plasan’s solutions have been tried and tested by dozens of armed forces in the most demanding battlefields such as Lebanon, Iraq and Afghanistan.Qorvis CommunicationsPlasan Sasa Ltd.Additional information is available at the Department of Justicelast_img read more

Casella Waste announces divestiture of $134.1 million of non-integrated recycling assets

first_imgRUTLAND, VT–(Marketwire – March 01, 2011) – Casella Waste Systems, Inc. Casella Waste Systems Inc,Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, announced today that it has completed the sale of select non-integrated recycling assets to a new company formed by Pegasus Capital Advisors, L.P. and Intersection, LLC for $134.1 million in gross proceeds, including an estimated $3.7 million working capital adjustment.Highlights include:* Net cash proceeds of approximately $120.0 million to be used to repay Senior Secured Term Loan B borrowings.* Transaction results in pro forma leverage of 4.0x, down 0.4x from the October 31, 2010 leverage of 4.4x, as calculated per Senior Secured Credit Agreement.* The assets sold as part of this transaction contributed $14.0 million consolidated Adjusted EBITDA* for the twelve months ended October 31, 2010.* The divested assets include the FCR recycling assets located outside the company’s core operating region of New York, Massachusetts, Vermont, New Hampshire, Maine and northern Pennsylvania, including 17 material recycling facilities, 1 transfer station and certain related intellectual property assets.* Casella’s business strategy remains focused on providing integrated solid waste, recycling, and resource transformation solutions to its customers throughout the Northeastern U.S.”A little over a year ago we laid out an ambitious plan to drive long-term shareholder value by selling non-integrated assets to reduce leverage and improve our balance sheet,” said John W. Casella, chairman and CEO of Casella Waste Systems. “With the closing of this divestiture we have made substantial progress towards our debt reduction goals, and we are well positioned for the future with a stronger balance sheet and a solid operating platform.”*Non-GAAP Financial MeasuresFor the twelve months ended October 31, 2010, the assets to be sold as part of this transaction contributed $14.0 million consolidated Adjusted EBITDA which can be reconciled to Net Income as follows, $10.3 million of Net Income plus $4.2 million of Depreciation and Amortization less ($0.5) million of Other (Income).In addition to disclosing financial results prepared in accordance with Generally Accepted Accounting Principles (GAAP), the company also discloses earnings before interest, taxes, depreciation and amortization, adjusted for accretion, depletion of landfill operating lease obligations, severance and reorganization charges, a goodwill impairment charge, an environmental remediation charge as well as development project charges (Adjusted EBITDA) which is a non-GAAP measure and can be reconciled to Net Income (Loss).We present Adjusted EBITDA because we consider it to be an important supplemental measure of our performance and believe it is frequently used by securities analysts, investors and other interested parties in the evaluation of our results. Management uses this non-GAAP measure to further understand our “core operating performance.” We believe our “core operating performance” represents our on-going performance in the ordinary course of operations. We believe that providing Adjusted EBITDA to investors, in addition to corresponding income statement measures, provides investors the benefit of viewing our performance using the same financial metrics that the management team uses in making many key decisions and understanding how the core business and its results of operations may look in the future. We further believe that providing this information allows our investors greater transparency and a better understanding of our core financial performance. In addition, the instrument s governing our indebtedness use a bank defined cash flow metric (Adjusted EBITDA with additional adjustments) to measure our compliance with covenants such as interest coverage, leverage and debt incurrence.Non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles in the U.S. Adjusted EBITDA should not be considered in isolation from or as a substitute for financial information presented in accordance with generally accepted accounting principles in the U.S., and may be different from Adjusted EBITDA presented by other companies.About Casella Waste Systems, Inc.Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides solid waste, recycling and resource management services in the northeastern United States. For further information, contact Ned Coletta, vice president of finance and investor relations at (802) 772-2239, or Ed Johnson, chief financial officer at (802) 772-2241, or visit the company’s website at http://www.casella.com(link is external).Safe Harbor StatementCertain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such by the context of the statements, including words such as we “believe,” “expect,” “anticipate,” “plan,” “may,” “will,” “would,” “intend,” “estimate” and other similar expressions, whether in the negative or affirmative. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the disposition and the industry and markets in which we operate and management’s beliefs and assumptions. We cannot guarantee that we actually will achieve the plans, intentions or expectations disclosed in the forward-looking statements made. Such forward-looking statements, and all phases of our operations, involve a number of risks and uncertainties, any one or more of whic h could cause actual results to differ materially from those described in our forward-looking statements. Such risks and uncertainties include or relate to, among other things those detailed in Item 1A, “Risk Factors” in our Form 10-K for the year ended April 30, 2010. We undertake no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.last_img read more

HUD awards Vermont $336,000 to help low-income families receive job training, employment

first_imgThe US Department of Housing and Urban Development (HUD) today awarded Vermont $336,683 to help public housing agencies to retain or hire service coordinators to work directly with families who participate in HUD’s Housing Choice Voucher program.  The coordinators will assist these voucher recipients to find employment resources and job training opportunities to put them on a path toward self-sufficiency. ‘In today’s economy, it’s never been more critical to help families obtain the skills that lead to jobs,’ said HUD Secretary Shaun Donovan.  ‘With HUD’s help, these housing agencies will be able to assist families in finding employment, increasing their earning potential and putting them on a path to self sufficiency.’  VermontBurlington Housing AuthorityVT001$101,685 Vermont State Housing AuthorityVT901$234,998 Vermont Total                                                                                                                              $336,683HUD’s Housing Choice Voucher Family Self-Sufficiency Program (HCV/FSS) supports public housing agencies (PHAs) to retain or hire family self-sufficiency coordinators.  These coordinators in turn link adults in the HCV program with welfare agencies, schools, businesses and other local partners to develop the skills and experience to enable them to obtain jobs that pay a living wage. The local organizations typically provide participating individuals job training, childcare, counseling, transportation, job placement and homeownership counseling.Participants in the HCV-FSS program sign a contract that requires the head of the household will get a job and the family will no longer receive welfare assistance at the end of the five-year term.  As the family’s income rises, a portion of that increased income is deposited in an interest-bearing escrow account.  If the family completes its FSS contract, the family receives the escrow funds that it can use for any purpose, including a down payment on a home, paying educational expenses, starting a business or paying back debts. HUD’s Family Self Sufficiency (FSS) Program is a long-standing resource for increasing economic security and self-sufficiency among participants.  HUD issued a new report earlier this yearthat evaluated the effectiveness of the FSS Program.  Conducted from 2005 to 2009, the study shows the financial benefits are substantial for participants who complete the program.  This study is the second of a three-part series by HUD that evaluate the effects of the FSS program.  The first study found individuals who participated in the FSS program fared better financially than those who did not enroll in the program.  HUD’s Office of Policy Development and Research (PD&R) will launch the third and final installment to complete the series this year. See national impact of HUD’s grant funding here. HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and  transform the way HUD does business. More information about HUD and its programs is available on the Internet at www.hud.gov(link is external) and http://espanol.hud.gov(link is external).  You can also follow HUD on twitter @HUDnews, on facebook at www.facebook.com/HUD(link is external), or sign up for news alerts on HUD’s News Listserv.last_img read more

D.C. Commission, in Surprise 2-1 Reversal, Approves Pepco-Exelon Merger

first_imgD.C. Commission, in Surprise 2-1 Reversal, Approves Pepco-Exelon Merger FacebookTwitterLinkedInEmailPrint分享Thomas Heath and Aaron C. Davis for the Washington Post:District regulators approved a $6.8 billion merger between Pepco Holdings and Exelon on Wednesday, creating the largest publicly held utility in the country.The decision marked a surprising turn of events for the deal, which D.C. regulators had rejected twice and which appeared to be on life support in recent weeks as D.C. Mayor Muriel E. Bowser (D) and other city leaders lined up in opposition.The merger means that Pepco will be absorbed by a company with the largest number of nuclear reactors in the country and widespread operations throughout the Mid-Atlantic, Midwest and New England.The sale affects about 2 million Mid-Atlantic electric customers who are served by Pepco Holdings, including more than 815,000 ratepayers in the District and in Prince George’s and Montgomery counties.And it is widely expected that those customers will see higher electric rates — possibly as soon as this summer — as has happened in Baltimore and other cities after Exelon acquired energy distributors. Pepco has not sought annual rate increases since 2014, when Exelon first proposed its takeover of Pepco, despite having made capital improvements.Neither Pepco nor Exelon claimed victory after the vote, in part because stakeholders can seek a stay on the order’s implementation.The utilities wasted no time in completing the merger, announcing late Wednesday afternoon that both sides had completed and filed the paperwork. Pepco stock would cease to exist as of Thursday, with shareholders receiving $27.25 per share.“Today, we join together as one company to play a vital role as a leader in our industry and the mid-Atlantic region,” Chris Crane, Exelon’s chief executive, said in a statement.Joseph M. Rigby, previously chairman, president and chief executive of Pepco Holdings, officially retired Wednesday. He was replaced by David M. Velazquez.Bowser and other officials did not say whether they will try to squash the merger. In a statement, the mayor said residents should brace for higher electric bills. “It appears the Public Service Commission favors government and commercial ratepayers over DC residents,” the mayor wrote. “Instead of a three year rate increase reprieve that we negotiated, it appears that DC residents will be hit with a rate increase as soon as this summer.”Anya Schoolman, head of the nonprofit group Community Power Network and an opponent of the deal, said she was “shocked” by the reversal.Power DC, an umbrella group of community organizations that opposed the merger, voted to fight on. “By approving the merger, the PSC has exposed our city to decades of higher rates, weakened its own ability to guide our city’s energy future, and helped ensure that DC will fall behind the rest of the US on clean, efficient energy,” the group said.D.C. Council member Mary M. Cheh (D-Ward 3), a fierce opponent of the merger, blasted the commission for the reversal.“What we’re doing here is fundamentally not in the public interest for the ratepayers or people of the District of Columbia,” she said. “I’ll tell you who the beneficiaries are, quite plainly: It’s Exelon and the shareholders of Pepco who get a big windfall out of this. Those are the people who won. . . . The rest of us, we lost.Full article: D.C. regulators green-light Pepco-Exelon merger, creating largest utility in the nationlast_img read more

Editorial: Ameren Missouri Is Making the Right $1 Billion Move

first_img FacebookTwitterLinkedInEmailPrint分享Columbia Missourian:We applaud Ameren Missouri’s announcement this past week to invest $1 billion in wind and solar power technology.The utility, which operates a coal-fired power plant in Labadie, says the investment will ultimately allow it to reduce its carbon emissions by 80 percent in 2050 from 2005 levels.Ameren said it would add at least 700 megawatts of wind generation by 2020.Without question, this is a significant shift in strategy for Ameren, which has relied on coal-fired power plants to generate the bulk of its power.The utility said it would retire two coal-fired plants and phase out two units at its Labadie facility in 2037.While the times have changed and consumers have  clamored for cleaner energy, the demand for affordable power has always driven investment decisions.Wind and solar power generation technology has improved to the point where it is becoming more affordable than traditional coal and gas technology.That’s why more and more companies and municipalities are adopting renewable energy goals in addition to reducing the carbon footprint. It’s good for the environment and for the bottom line.More: Right on Renewables Editorial: Ameren Missouri Is Making the Right $1 Billion Movelast_img read more

Facebook plans 437 MW of solar to power Oregon data centers

first_img FacebookTwitterLinkedInEmailPrint分享Associated Press:Facebook and Pacific Power said Wednesday they are teaming up to construct solar projects that will produce enough power to offset what the social media giant consumes at its data centers in Prineville, Oregon.The solar projects—two near Prineville and four in Utah—will generate 437 megawatts of power when completed by the end of 2020.Data centers use large amounts of energy to run and cool the computers inside. The solar power for Facebook’s Prineville campus is roughly equivalent to the energy use of 100,000 Northwest homes. The company declined to say how much it will cost to build the solar projects or how the cost of the clean energy will compare to what it pays now, The Oregonian/OregonLive reported.The companies along with Oregon Gov. Kate Brown announced the deal at an event in Prineville. “This partnership bolsters Prineville’s 21st century model for a small town,” Brown said. “With projects like these, we continue to demonstrate that Oregon is ready for the clean energy economy of the future.”Facebook, drawn by tax breaks, has three data centers in the Central Oregon community and is adding two more.More: Facebook goes solar to power Oregon data centers Facebook plans 437 MW of solar to power Oregon data centerslast_img read more

Two units at Montana’s Colstrip coal plant to be retired this weekend

first_img FacebookTwitterLinkedInEmailPrint分享Associated Press:One of the largest coal-fired power plants in the western U.S. will close two of its four units by Saturday as the Montana facility edges toward an eventual total shutdown.Colstrip Units 1 and 2 – built in the 1970s when massive strip mines were being developed across Montana and Wyoming – will close as soon as they run out of coal to burn, Talen Energy spokeswoman Taryne Williams said Thursday.The plant employs about 300 people and is the main driver of the economy for the surrounding town of Colstrip, which has about 2,300 people. But it’s been unable to compete with surging investments into renewable energy and cheap natural gas, as the coal plant’s operating costs have risen with the need for better pollution controls.The closure of Units 1 and 2 was long anticipated as demand for U.S. coal collapsed in recent years and came despite vows by elected officials in Montana to find ways to keep it open. The two closing units are operated by Pennsylvania-based Talen, which co-owns them with Puget Sound Energy of Washington state.Six utilities – including Spokane-based Avista Corp. – own shares of the remaining two units built in the 1980s. Most of the owners are making preparations for operations to cease as early as 2025.[Matthew Brown]More: Montana coal power plant closing two units built in 1970s Two units at Montana’s Colstrip coal plant to be retired this weekendlast_img read more

Korea’s Hanwha Securities to stop financing Adani’s coal projects in Australia

first_imgKorea’s Hanwha Securities to stop financing Adani’s coal projects in Australia FacebookTwitterLinkedInEmailPrint分享The Guardian:A second major Korean backer of Adani’s Australian coal operation has said it won’t provide any more financial support for the controversial miner, which faces potential debt difficulties related to its Abbot Point export terminal.Guardian Australia has seen a letter from Korean brokerage firm Hanwha Securities – sent to the climate group Tipping Point on 30 July – which stated the firm would cease financing Adani’s coal projects.Last month, the ratings agency S&P Global downgraded its outlook on Adani’s Abbot Point terminal to “stable” after the company’s efforts to refinance debts were hindered by the coronavirus pandemic.The terminal’s Indian parent company, Adani Enterprises, urgently injected $100m needed to meet repayments due in May. Adani Abbot Point has also drawn down on about $170m of shareholder loans to pay off debt – owed to Commbank and Westpac – that was due to mature in November.Adani plans to export coal from its under-construction Carmichael mine from Abbot Point, which has total debts of about $1.5bn. Those debts include about $1.1bn due for repayment by December 2022, according to S&P Global.As the company postpones its efforts to refinance the most immediate Abbot Point debts, environmental activists have now secured withdrawal commitments from two large Korean financiers. Last month, Samsung group company Samsung Securities pledged to cease its financial backing of Adani, just days after protests began to target the group’s electronics branch.[Ben Smee]More: Second major Korean brokerage withdraws financial backing for Adani’s coal projectslast_img read more

St. Paddy’s Crazy Creek Giveaway

first_imgThis contest is now closed, but be sure and check back to our Giveaways page for more great opportunities to win!Rules and Regulations: Package must be redeemed within 1 year of winning  date. Entries must be received by mail or through the www.blueridgeoutdoors.com contest sign-up page by 12:00 noon EST on March 20th, 2013. One entry per person. One winner per household.  Sweepstakes open only to legal residents of the 48 contiguous United  States and the District of Columbia, who are 18 years of age or older.  Void wherever prohibited by law. Families and employees of Blue Ridge Outdoors Magazine and participating sponsors are not eligible. No  liability is assumed for lost, late, incomplete, inaccurate,  non-delivered or misdirected mail, or misdirected e-mail, garbled,  mistranscribed, faulty or incomplete telephone transmissions, for  technical hardware or software failures of any kind, lost or unavailable  network connection, or failed, incomplete or delayed computer  transmission or any human error which may occur in the receipt of  processing of the entries in this Sweepstakes. By entering the  sweepstakes, entrants agree that Blue Ridge Outdoors Magazine and Wintergreen Resort reserve  the right to contact entrants multiple times with special information  and offers. Blue Ridge Outdoors Magazine reserves the right, at their  sole discretion, to disqualify any individual who tampers with the entry  process and to cancel, terminate, modify or suspend the Sweepstakes.  Winners agree that Blue Ridge Outdoors Magazine and participating  sponsors, their subsidiaries, affiliates, agents and promotion agencies  shall not be liable for injuries or losses of any kind resulting from  acceptance of or use of prizes. No substitutions or redemption of cash,  or transfer of prize permitted. Any taxes associated with winning any of  the prizes detailed below will be paid by the winner. Winners agree to  allow sponsors to use their name and pictures for purposes of promotion.  Sponsors reserve the right to substitute a prize of equal or greater  value. All Federal, State and local laws and regulations apply.  Selection of winner will be chosen at random at the Blue Ridge Outdoors  office on or before March 30th, 6:00 PM EST 2013. Winners will be contacted by  the information they provided in the contest sign-up field and have 7  days to claim their prize before another winner will be picked. Odds of  winning will be determined by the total number of eligible entries received.last_img read more