AEP CEO says company on ‘precipice’ of renewable energy transformation

first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):American Electric Power Co. Inc. plans to continue investing in clean energy resources to build on its planned acquisition of wind projects in Oklahoma, despite lingering uncertainty from the coronavirus pandemic and the upcoming U.S. elections.“The way I see it is we are just on the precipice of a massive transformation to renewable resources,” AEP Chairman, President and CEO Nicholas Akins said Oct. 22 on the company’s third-quarter 2020 earnings call. “And AEP, if you look at the runway, it’s pretty substantial.”AEP in July reaffirmed its $2 billion commitment to acquiring the North Central wind projects in Oklahoma, which represent nearly 1,500 MW of capacity, despite Texas regulators’ rejection of the plan.AEP announced in July 2019 plans to acquire three wind projects under development in Oklahoma from Invenergy LLC. The deal involves the acquisition of about 1,485 MW of wind capacity from the planned 999-MW Traverse Wind Farm, the 199-MW Sundance Wind Project and the 287-MW Maverick Wind Project by AEP subsidiaries Public Service Co. of Oklahoma and Southwestern Electric Power Co.In February, AEP management said the company will likely issue equity and could sell assets to fund the North Central Wind projects.[Darren Sweeney]More ($): AEP on ‘precipice’ of green transformation despite pandemic, policy uncertainty AEP CEO says company on ‘precipice’ of renewable energy transformationlast_img read more

Boeing to offer second layoff plan, CEO Calhoun sees smaller market ahead

first_img“We anticipate seeing a significantly smaller marketplace over the next three years.”The health crisis, which has hammered planemakers, airlines and suppliers, has added to the woes of Boeing that has been grappling with a production freeze and year-long grounding of the 737 MAX following two fatal crashes.The company doesn’t have a set target at this time and was encouraging all eligible employees interested in the voluntary layoff package to apply, Boeing said in a statement.The move to extend the overall workforce reductions beyond the initial 10 percent target is in response to employee feedback, Calhoun said.The planemaker had said in April it would cut its 160,000-person workforce by about 10 percent, many of which was to be completed by the end of this year at its commercial aircraft division.More details will be made available to the employees beginning Aug. 24, according to the CEO’s note.Topics : Boeing Co said on Monday it would offer employees a voluntary layoff package with pay and benefits for the second time this year, as the planemaker battles a coronavirus-induced slowdown in global air travel.It will be offered to employees in the commercial airplanes and services businesses as well as corporate functions, Chief Executive Officer Dave Calhoun wrote in a note to employees, a copy of which was seen by Reuters.“Unfortunately, layoffs are a hard but necessary step to align to our new reality, preserve liquidity and position ourselves for the eventual return to growth,” Calhoun said in the note.last_img read more

Govt tightens rules on Bali visitors as COVID-19 cases rise

first_imgAuthorities will impose stricter screening measures on visitors to Bali amid an increasing number of COVID-19 cases on the resort island.Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan said the measures would be enforced for the next two weeks.“We don’t want to just uncontrollably open Bali for tourism. People wanting to visit the island will be required to undergo strict testing,” Luhut said during a teleconference on Friday. The minister is among several officials tasked by President Joko “Jokowi” Widodo with handling COVID-19 in several provinces with high case numbers and fatalities, including Bali.The resort island saw a significant increase in confirmed cases following the reopening of tourism for domestic visitors in late July.Read also: Bali’s Ngurah Rai, Incheon collaborate to boost air travel confidenceAccording to data from the Bali administration, the province recorded more than 1,600 new cases in the past few weeks, bringing the total number of confirmed cases to 7,543 as of Friday. The number of fatalities has almost doubled from 100 on Sept. 4 to 199 on Friday. Nationwide, health authorities recorded 3,891 new confirmed COVID-19 cases on Friday, bringing the official tally to 236,519. More than 9,300 people have succumbed to the disease so far.Since opening its doors to domestic travelers, Bali has seen an increase in tourist arrivals. Bali Tourism Agency acting head Cok Raka Darmawan revealed that 2,500 to 3,000 domestic tourists had arrived every day at Ngurah Rai International Airport in Denpasar in August.The government has canceled a plan to reopen the resort island to international tourists on Sept. 11.The pandemic has dealt a hard blow to Bali’s economy, which relies heavily on tourism. The province’s economy contracted by 10.98 percent year-on-year in the second quarter of 2020, and thousands of people in the tourism sector have lost their jobs.Topics :last_img read more

Mass of Resurrection for David Bropleh

first_imgThe remains of the late Major David Livingstone M. Bropleh were laid to rest at the Brewerville Cemetery last Thursday, December 19.Major Bropleh died on October 18, 2013 in Ghana. He was born on April 29, 1949.The funeral was held at Our Lady of Lourdes Catholic Church, St. Mary’s Parish on Bushrod Island, Monrovia.Official clergies were Rev. Fr. Robert B. Korti, Parish Priest, and Rev. Fr. Dominic Y. Sumo, Associate Pastor.Among many of the friends and sympathizers were representatives from the Liberia Football Association, St. Joseph’s Warriors. NDPL, Friends of Bropleh, (UMARCO Compound), Mantus Caucus, The Church and the family.On behalf of former St. Joseph’s Warriors players, Jonathan Armah Baxter, (who played for Warriors in the 1987-88 season), recounted the deceased’s love for football and stressed how his death meant to those Major Bropleh invested into.Representative Munah Pelham Youngblood, whose father, the late Walter Pelham played and coached St. Joseph’s Warriors, recounted her family’s relationship with the deceased.Among sympathizers present were Associate Justice Kabina Ja’neh, George Dweh, and Security Adviser to the President of Liberia, H. Boima Fahnbulleh and Josiah N. Johnson.Meanawhile, Widow Nancy Bropleh has expressed the family’s appreciation to all those who made it their duty to mourn with them in their time of distress, and expressed God’s loving kindness to all.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more