Eversource to acquire Columbia Gas’s Massachusetts assets from NiSource

first_img Eversource to acquire Columbia Gas of Massachusetts assets from NiSource. (Credit: Pixabay/Gerd Altmann) US-based electric utility company, Eversource Energy has agreed to acquire the Massachusetts natural gas assets of Columbia Gas from NiSource for $1.1bn.Under the terms of the deal, Eversource will acquire all of the assets of Columbia Gas of Massachusetts as well as all of the assets held by any of its affiliates that mainly related to the business of storing, distributing or transporting natural gas to residential, commercial and industrial customers in Massachusetts.Currently, Columbia Gas currently serves 330,000 natural gas customers in over 60 communities in Massachusetts.With the acquisition of Columbia Gas, Eversource will serve 626,000 natural gas customers in Massachusetts across over 60 communitiesEversource currently serves four million customersEversource currently serves 4 million electricity, natural gas and water customers in Connecticut, Massachusetts and New Hampshire.As per the terms of the agreement, NiSource will be responsible for the liabilities related to the September 2018 gas distribution incidents in the Merrimack Valley.Subject to approval from the US Justice Department under the Hart-Scott-Rodino Act and the Massachusetts Department of Public Utilities, the transaction is expected to be closed by the end of the third quarter of this year.The acquisition is expected to enable the customers of Columbia Gas to participate in demand response and other clean energy initiatives, which will be undertaken by Eversource.Eversource is planning to fund the transaction with a balance of new equity and debt that maintains its strong credit profile.For the deal, Goldman Sachs & Co is acting as the exclusive financial advisor and Ropes & Gray is serving as legal advisor to Eversource Energy.In February last year, the electric utility firm had signed an agreement with Danish energy company Ørsted to acquire a 50% stake in 830MW offshore wind assets in the US. With the acquisition of Columbia Gas, the electric utility company will serve 626,000 natural gas customers in Massachusetts across over 60 communitieslast_img read more

Marmora Man Arrested on Multiple Drug Charges

first_imgCape May County Prosecutor Robert L. Taylor announceds the arrest of 48-year-old Angelo Cuculino, a resident of Upper Township, during the execution of a search warrant in Marmora on Thursday.Members of the Cape May County Prosecutor’s Office Gangs, Guns and Narcotics Task Force with assistance from members of the New Jersey State Police Woodbine Barracks Detective Bureau concluded a narcotics investigation with the execution of a warrant at a residence located on 600 block of South Shore Road.As a result of the execution of the search warrant, an amount of alpha-pyrrolidinopeniophenone, a Schedule I Controlled Dangerous Substance, over 28 grams of marijuana and three firearms were seized, along with $19,225 in cash. A passenger style motor vehicle utilized by Angelo Cuculino during this investigation, was also seized and is pending civil forfeiture.(Alpha-pyrrolidinopeniophenone is described as a stimulant that is sometimes the active ingredient in a drug commonly known as “bath salts.”)As a result of the investigation, Cuculino was charged with the following and lodged in the Cape May County Correctional Facility in lieu of $75,000 full cash bail:Possession of a schedule I controlled dangerous substance, a third degree crime.Possession with intent to distribute a a schedule I controlled dangerous substance, a third degree crime.Possession of marijuana with intent to distribute, a third degree crime.Unlawful possession of a weapon, a second degree crime.Certain person not to possess a weapon, a second degree crime.Possession of a weapon during the commission of a CDS offence, a second degree crime.Prosecutor Taylor advises that persons convicted of a second degree crime are subject to a term of imprisonment of 5 to 10 years in New Jersey State Prison; persons convicted of a fourth degree crime are subject to a term of imprisonment up to 18 months in New Jersey State Prison.Prosecutor Taylor continues to urge the citizens of Cape May County to report any information regarding illegal drug activity and or any criminal activity within community and that this information can be reported anonymously through the Cape May County Sheriffs Tip Line at cmcsheriff.net and click on anonymous tip, or through the Cape May County Crime Stoppers at 609-465-2800 or 877-465-2801.— News release from the Cape May County Prosecutor’s Officelast_img read more

Walmart pre-cut fruit recalled due to listeria contamination

first_img Facebook Walmart pre-cut fruit recalled due to listeria contamination Google+ Pinterest Twitter WhatsApp Twitter By Darrin Wright – October 6, 2020 0 684 (95.3 MNC) If you buy fresh pre-cut fruit from Walmart, check your packages.According to the Food and Drug Administration, Country Fresh is recalling various containers of “Freshness Guaranteed” cut or sliced apples, grapes, mangos, pineapples, and cantaloupe distributed by Walmart.The recall is a precautionary measure due to a possible health risk from listeria contamination after the germ was found on equipment used in an area near where these products are packed.The products were sold at Walmart locations in Indiana and several other states, with “best if used by” dates between October 3rd and October 11th.Find a full list of products impacted by the recall here.center_img TAGSFDAfreshfruitlisteriapre-cutrecallwalmart WhatsApp Facebook IndianaLocalNationalNews Pinterest Google+ Previous articleStudy: Evictions linked to coronavirus deathsNext articleUpswing in COVID-19 cases could lead to more restrictions in St. Joseph County Darrin Wrightlast_img read more

News story: Joint Ministerial Council (Gibraltar EU Negotiations) 5 June 2018

first_img It was a pleasure meeting with Chief Minister Fabian Picardo and his team today for the seventh JMC GEN. We spoke at length about the key issues facing both the UK and Gibraltar as we leave the EU and reaffirmed the continued commitment of the UK Government to represent the best interests of the entire UK family, including our friends in Gibraltar. We look forward to continuing our constructive partnership over the coming months, years and beyond. Chief Minister of Gibraltar, Fabian Picardo said: The UK and Gibraltar have confirmed their commitment to continue to work together to achieve a Brexit deal that fully recognises the priorities of the Rock.At the latest Joint Ministerial Council (Gibraltar EU Negotiations) in London today, which was chaired by Minister at the Department for Exiting the EU, Robin Walker, and attended by the Chief Minister for Gibraltar Fabian Picardo and his team, Ministers agreed to continue to fully involve Gibraltar in the UK’s negotiations with the EU.They discussed the practical implications of our EU Withdrawal for Gibraltar. Officials from across Government provided an update on developments in the reciprocal package announced at the 8 March JMC, including on the issue of access to higher education and on further building on existing health cooperation.Following the meeting, Minister Robin Walker said:center_img It is a genuine pleasure to continue working with Robin Walker on the Brexit issues that he has responsibility for at the Department for Exiting the European Union and which are relevant to Gibraltar. Through DExEU we are engaging with the whole of Whitehall on matters which will have a positive impact in Gibraltar in coming years and which affect all parts of our economic activity as we prepare to leave the European Union with the United Kingdom next March.last_img read more

Time to Put an End the TCO versus TCA Debate

first_imgIn the coming months, we’ll also be adding support for the Dell EMC PowerEdge 14th generation server portfolio across the Dell EMC HCI and Ready Nodes portfolio.But here comes the mind-blowing part as it relates to the cost of acquisition – we’re introducing a new option which eliminates that step-in acquisition cost entirely. We are really, really pushing the envelope here.We’re launching Dell Financial Services Cloud Flex for HCI, which fundamentally changes how customers can acquire HCI on-premises with a cloud-like consumption mode. DFS Cloud Flex for HCI offers a flexible, risk-free payment solution that eliminates initial capital costs and spreads payments over time with no obligation after the first year.We challenged ourselves to put our money where our mouth is—one of the biggest benefits of HCI is that you can start small, grow as you need—which means “overbuying” IT is a thing of the past. Also, with HCI, expansion takes minutes, is non-disruptive, and there is no “big migration event”. Why not take these technological advantages and turn them into a financial advantage?If our VxRail and XC Series offers are as good as we think they are, the benefit to the customer is massive.  Uniquely, as the only private IT giant, Dell EMC can partner with our customers in the long term. If we’re doing a good job, customers will consume our HCI more, and, if it means they buy less up front, so be it.Cloud Flex for HCI means customers pay per month, require no lease terms, and can return at any time – after the first 12 months without any penalty for returning some or all of the equipment. It’s a complete OPEX model—no CAPEX anywhere to be seen. Heck, we’ve even built in committed price declines over time, just like some of the most aggressive public cloud models.We’re starting Cloud Flex for HCI with Dell EMC VxRail and XC Series engineered systems – but if this as successful as I suspect (if I was a customer, I would be all over this!), we will expand it to all our HCI offers, including our HCI Rack-Scale systems.And remember, HCI isn’t an end in itself. Customers use HCI commonly as the foundation for IaaS and PaaS models—the on-premise half of Hybrid Cloud models.It’s why our VMware-based IaaS—the Enterprise Hybrid Cloud—is now available on VxRail and VxRack. It’s also why our Pivotal and VMware-based developer-ready infrastructure platform—the Native Hybrid Cloud—is available on VxRail and now VxRack.We’re not stopping with our deeply integrated Dell Technologies family stacks – customers want choice when it comes to Hybrid Cloud, and we have critical technology partners in our open ecosystem.Dell EMC also is expanding our long-standing partnership with Microsoft to deliver a new hybrid cloud platform, the Dell EMC Cloud for Microsoft Azure Stack.Based on an instance of the same cloud operating system software stack Microsoft employs in its public cloud, Microsoft Azure Stack gives customers that have standardized on virtual machines from Microsoft the ability to seamless deploy applications either in their local data center or on the Azure cloud.Similar to Azure Stack federating with Azure – our VMware powered Enterprise Hybrid Cloud is available in conjunction with any number of our cloud service provider partners, including Virtustream and soon Amazon Web Services (AWS). The moral of the story? Cloud is an operating model, not a place.It’s not just us who think that Hybrid Cloud models – with simple turnkey on-premises offers paired with off-premises stacks – is the answer. A new IDC study commissioned by Dell EMC – with 1000 enterprises sampled –shows that many IT organizations already operate in hybrid cloud environments. The study shows that 79.7 percent of large organizations have a hybrid cloud strategy in place, and that 51.4 percent already employ both public and private clouds.Dell EMC has a singular focus on injecting as much technical agility and financial flexibility into the hybrid cloud computing equation as possible. That’s only made possible by being the largest provider of IT infrastructure in the industry. Dell EMC uniquely has the financial wherewithal to not only invest billions of dollars in research and development, but also make those innovations accessible via the most flexible financial terms bar none.DFS Cloud Flex for HCI is only the latest in a series of dividends for Dell EMC customers that would not have been economically feasible without merging the two companies. But best of all, the cost of entry to start becoming eligible for those dividends is now effectively zero.We’re very excited about all of the different ways we’re innovating to help accelerate outcomes for our customers and partners. Thanks as always for your support and collaboration on this journey to IT at the speed of business. Watch this space for more updates direct from Dell EMC World in Vegas. We’re making the entry point more flexible for HCI Rack Scale-Systems, which transform the network/SDN:VxRack SDDC now offers six additional PowerEdge R630-based server nodes to both increase high performance as well as expand entry level options in cores, memory and CPUsExpanded VxRack FLEX configurations to support Dell EMC PowerEdge R930, enabling the most data-demanding applications such as OLTP, in-memory databases, OLAP, CRM and ERP to be run on a pre-integrated system For more years than anyone cares to admit, the IT industry has been caught up in a largely artificial debate about the total cost of ownership (TCO) for IT infrastructure versus the total cost of acquisition (TCA).TCO has been a way to shift the discussion of the large up-front cost of IT infrastructure to a more real metric – the value over the life of said IT resource, versus the cost of acquisition. It’s a way to move the discussion off the material upfront investment that IT traditionally represents.It’s a real point – but there’s another way to make the debate moot – take the large up-front cost of IT off the table entirely. That’s what we’re doing this week at Dell EMC World.We’ve already been aggressively moving down that path with a set of unrivaled, pre-integrated converged and hyper-converged systems, which eliminate all the integration and lifecycle costs that have been foisted on internal IT organizations for years. That’s what VxBlock, VxRack, VxRail, and XC Series have always been about. Instead of requiring an internal IT organization to stitch together compute, storage and networking on their own to create a functional system and then carry the zero-value burden of maintaining the stack for its full lifecycle, we invested in developing the intellectual property necessary to create truly turnkey systems and appliances to drive the transition to software-defined data centers.BUT – they always had a material “step in” cost that needed to be absorbed. We’re making that step smaller, more flexible, and, in one case, eliminating it completely.How?We’re lowering the entry point for HCI Appliances, which are simple and plug-in to existing networks: Announcing new single processor options for VxRail Appliances priced as low as $25,000 USD street price for a three-node cluster as part of our expansive VxRail 4.5 updatesA new XC Series appliance–the XC430 Xpress–that’s a robust entry offering with full features and optimized for the smallest environments up to four nodesRevamped and new Ready Nodes across ScaleIO, VMware vSAN and Microsoft Storage Spaces Direct for customers who want to build-their own stacks – with more flexibility (but of course less turnkey outcomes)last_img read more

West Hempstead Nightclub Stabbing Suspect Nabbed

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Central Islip man was arrested for stabbing a man at a West Hempstead nightclub over the weekend, Nassau County police said.Kareem Small, 34, got into an altercation with the 29-year-old victim at Rumor’s Night Club on Hempstead Turnpike when the suspect pulled out a black knife and stabbed the victim inside the club at 1:40 a.m. Sunday, police said.Officers that responded to the scene found the victim outside suffering from a laceration to the right side of his body. The victim was taken to a nearby hospital where he was treated.Smalls was apprehended as he was seen leaving in a Chevrolet, police said. He was charged with assault and possession of a dangerous weapon.He will be arraigned Monday at First District Court in Hempstead.last_img read more

IMF sees pandemic causing global recession in 2020, recovery in 2021

first_imgThe coronavirus pandemic will cause a global recession in 2020 that could be worse than the one triggered by the global financial crisis of 2008-2009, but world economic output should recover in 2021, the International Monetary Fund said on Monday.IMF Managing Director Kristalina Georgieva welcomed extraordinary fiscal actions already taken by many countries to boost health systems and protect affected companies and workers, and steps taken by central banks to ease monetary policy. “Even more will be needed, especially on the fiscal front,” she said.Georgieva issued the new outlook after a conference call of finance ministers and central bankers from the Group of 20 of the world’s largest economies, who she said agreed on the need for solidarity across the globe. Topics : “The human costs of the coronavirus pandemic are already immeasurable and all countries need to work together to protect people and limit the economic damage,” Georgieva said.More countries are imposing lockdown measures to contain the rapidly spreading virus, which has infected 337,500 people across the world and killed over 14,600.Georgieva said the outlook for global growth was negative and the IMF now expected “a recession at least as bad as during the global financial crisis or worse.”Earlier this month, Georgieva had warned that 2020 world growth would be below the 2.9% rate seen in 2019, but stopped short of predicting a recession. Trade wars pushed global growth last year to the lowest rate since a 0.7% contraction in 2009.center_img On Monday Georgieva said a recovery was expected in 2021, but to reach it countries would need to prioritize containment and strengthen health systems.”The economic impact is and will be severe, but the faster the virus stops, the quicker and stronger the recovery will be,” she said.Georgieva said the IMF would massively step up emergency finance, noting that 80 countries have already requested help and that the IMF stood ready to deploy all of its $1 trillion in lending capacity.Advanced economies were generally in better shape to deal with the crisis, but many emerging markets and low-income countries face significant challenges, including outward capital flows.Investors have already removed $83 billion from emerging markets since the start of the crisis, the largest capital outflow ever recorded, Georgieva said.The IMF is particularly concerned about low-income countries in debt distress and was working closely with them to address those concerns, she added.The IMF called again on members to contribute funds to replenish its Catastrophe Containment and Relief Trust to help the poorest countries.Georgieva said the IMF was exploring other options with its members. Several low- and middle-income countries have asked for an allocation for the Special Drawing Right, an international reserve asset created by the IMF in 1969 to supplement its member countries’ official reserves, as was done during the global financial crisis, she said.IMF members also needed to provide additional swap lines with emerging market countries to address a global liquidity crunch, she said.The IMF was also exploring a proposal that would help facilitate a broader network of swap lines, including through an IMF-swap-type facility. last_img read more

Pension Corp seals $1.2bn longevity reinsurance deal

first_imgUK specialist insurer Pension Insurance Corporation (PIC) has reinsured against increases in life expectancy four of the pension schemes it administers.PIC agreed the transaction – worth $1.2bn (€1bn) – with Prudential Retirement, part of US-based Prudential Financial. It is the fifth such deal between the two companies, with nearly $5bn worth of liabilities reinsured in total, according to Prudential’s head of transactions for international longevity reinsurance, William McCloskey.“These agreements help PIC to manage longevity risk and thereby secure the retirement benefits of thousands of UK pensioners,” McCloskey added.Khurram Khan, head of longevity risk at PIC, said: “Prudential is now an established longevity reinsurance market participant. This latest agreement covers four sizeable transactions executed by PIC during 2017. “The collaborative nature of the talks and speed of deal completion highlight the things we value in a partnership. Over 2017 to date, PIC has now reinsured around £3bn [€3.4bn] of longevity risk in support of an excellent year for new business.”In a press release announcing the deal, Prudential said it highlighted “rebounding demand for pension derisking solutions”, in particular longevity reinsurance.In July PIC reinsured £1bn worth of liabilities with SCOR, the first time PIC had worked with this company.PIC has taken on liabilities worth more than £2bn in 2017 so far through buy-in and buyout transactions, including:£600m buy-in for the Wolseley Group Pension Plan£400m buy-in for the pension scheme of engineering firm Vesuviustwo deals worth a combined £350m for schemes sponsored by energy company SSE£200m buy-in for the 3i Group Pension Plan£190m buyout of GKN Group Pension Scheme£130m buy-in for the TI Group Pension Scheme£100m buy-in for Alcatel-Lucent Pension Scheme£90m buy-in for Civil Aviation Authority Pension Scheme£33m buyout of the Alps Electric (UK) Limited Pension SchemeThe PIC longevity swap deal was Prudential Retirement’s fourth major transaction of the year, the US firm said. Since 2011 it has reinsured $45bn worth of liabilities.last_img read more

The suburbs generating the highest rental yield in Townsville

first_imgExclusive sales agent for Little Street Luxury Residences, Martin McDonough, at the location of the residential development.WITH property prices low in Townsville and expected to increase in the next few years, industry leaders have been vocal that now is the time to buy.The Adani Carmichael mine has been approved, the new Townsville Stadium is set to be complete at the beginning of next year and other construction projects are expected to bring demand for accommodation to the region. The Townsville Bulletin has collated a list of the suburbs generating the highest rental yield for investors wanting to buy before the boom. CoreLogic data shows the top performing suburb over the year to April was Magnetic Island’s Nelly Bay which returned an indicative gross rental yield of 8.8 per cent.REIQ regional director Damien Keyes said the holiday hot spot was a drawcard for investors. “Nelly Bay is typically an area for short-term holiday style accommodation,” Mr Keyes said. “Investors are visiting for a holiday and they like the area so much that they are buying units and renting them out when they’re not there.“It’s also right next to the ferry terminal which is where people are obviously staying when they visit.” An artist’s impression of the Little Street Luxury Residences in Townsville.“That’s going off today’s market, but in a few years’ time when they are built, we’re expecting that will go up. “The two-bedroom residences are selling off the plan from $495,000 to about $560,000.”Mr McDonough said prices for the apartments were expected to go up when the development was completed in 2021. “Trying to get a new unit these days is very hard to find, so a lot of people are realising the apartments are something they can invest in,” Mr McDonough said. REIQ regional director, Damien Keyes.The second highest performing suburb for rental yield in the twelve months to April was Belgian Gardens, which had an indicative gross rental yield of 8.3 per cent for units.The area is currently attracting attention from residential developers looking to take advantage of the opportunity. More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“Rent in Belgian Gardens is obviously higher being on the fringe of the city,” Mr Keyes said. “People are targeting professionals who are waiting to be close to the city for work, but still be in proximity to the strand.Sales agent Martin McDonough, who is exclusively marketing the recently announced residential complex Little Street Luxury Residences in Belgian Gardens, said the apartments were expected to return a high rental yield. “We are expecting $525 to $575 per week in rental return for a two-bedroom apartment in the complex,” Mr McDonough said.center_img A view of the Little Street Luxury Residences to be built in Belgian Gardens, Townsville“The block of 20, two to three-bedroom apartments, is ideal for investment and the higher end apartments we think will be mainly purchased by owner occupiers.“We’ve set the prices according to the current market, but with the approval of Adani and once the stadium is finished, we’re expecting prices will be going up.”Other suburbs returning a high rental yield were houses in Rasmussen and units in Hermit Park and Douglas.last_img read more

Ireland loss sends Germany through

first_img Indeed, the game might have turned out very differently had Ireland, for whom goalkeeper David Forde was superb, enjoyed slightly better fortunate in a flurry of activity either side of half-time. Defender Ciaran Clark, the man who was clipped by Khedira’s goal-bound shot, almost made amends in first-half injury time with a header which came back off the crossbar, and lone striker Anthony Stokes caught the Germans cold just 17 seconds into the second half with a shot which flew just wide. Ireland at least restored a measure of pride a day short of a year since they were taken apart by Germany at the Aviva Stadium in a 6-1 rout which very nearly cost Giovanni Trapattoni his job during the days which followed. Trapattoni did depart last month after successive defeats by Sweden and Austria, the two sides with whom they were realistically competing for second place from the off. His replacement is yet to be appointed, but, if he was watching as events unfolded at the Rhein Energie Stadion, he would have been impressed with the kind of organisation and commitment which were a feature of the Italian’s first four years at the helm. Ireland will bring a disappointing campaign to a close at home to Kazakhstan on Friday already looking towards the Euro 2016 qualifiers which begin in September next year. By contrast, the Germans head for Sweden knowing their job is done and they can start planning in earnest for an assault on World Cup glory. King retained only four of the men who started against Austria last month, although he had no choice over suspended duo Richard Dunne and John O’Shea or the injured Robbie Keane, and only skipper for the night Seamus Coleman and James McCarthy survived from the mauling in Dublin. He had worked all week on a system designed to frustrate the runaway group leaders and, while his 4-2-3-1 formation was not a surprise, the personnel he asked to fill some of those roles was. Darron Gibson and Marc Wilson sat in front of the back four with a midfield trio of Kevin Doyle, McCarthy and Glenn Whelan playing behind lone striker Stokes. The Celtic frontman was inevitably isolated for long periods, but Ireland’s early focus was on solid defence, and the plan worked. Or at least it did for 12 minutes until their luck ran out. Stokes was guilty of giving the ball away too easily deep inside his own half and German skipper Philipp Lahm pounced to feed Khedira, whose shot took a decisive deflection off Clark and completely wrong-footed Forde. But it was not until the final 10 minutes of the first half that the pressure started to tell. Schurrle, who had earlier seen appeals for a penalty waved away after he appeared to get a nudge in the back from Whelan, powered a bullet header towards goal only to see Forde make a fine reaction save, and the Millwall went one better eight minutes before the break to turn away Thomas Muller’s piledriver. But Ireland were very nearly back in it in first half injury time when Gibson played a free-kick short to Whelan, whose cross was headed against the bar by Clark with Stokes miskicking as he attempted to volley home the rebound. Ireland returned in determined mood and went close twice within the opening two minutes of the second half, Stokes firing just wide after running on to Doyle’s knock-down and then forcing Manuel Neuer to tip over a dipping cross. Stokes later missed the target from an unlikely angle after Neuer had unwisely left his line in pursuit, ultimately in vain, of a defence-splitting Whelan through-ball. But the game was over when Schurrle controlled Kroos’ deft 58th-minute pass and beat Forde with ease to make it 2-0. Ireland might have got themselves back into the game with 17 minutes remaining but for a good double save by Neuer to deny first Stokes then Coleman, and Stokes and Clark both went close again in a late flurry. However, Ozil had the last word when he ran on to Kroos’ pass in stoppage time to complete the victory. The Arsenal midfielder struck in stoppage time at the end of the game to round off a 3-0 win which ensured that Joachim Low’s Group C leaders cannot be caught with a game to spare after taking their points tally to 25 from a possible 27. Sami Khedira set the ball rolling with a deflected 12th-minute effort from distance, but it was not until Chelsea forward Andre Schurrle converted Toni Kroos’ pass from close range 13 minutes after the restart that the points were assured. Mesut Ozil put the seal on Germany’s passage to Brazil as a 3-0 victory over Ireland ensured their presence at the World Cup finals. Press Associationlast_img read more