City approves $$$ for water systems Sep 20, 2008
Approval of an ordinance amending the electrical rates to include a power cost recovery factor. This new portion of the rate will show the amount of decrease or increase in fuel being charged to the city monthly by its power supplier Lower Colorado River Authority. (Brenham Banner, TX)
GRF Board and Finance Committee get a lot to think about regarding the proposed 2009 Foundation budget Sep 18, 2008
Possible revenue sources, cost recovery ... There are six sources of potential revenue being put forth for consideration, Salmons said, and five ideas for cost recovery ... The fifth idea for cost recovery has already been included in the proposed budget: increasing the golf course fees by 10 percent, amounting to an estimated 92,000 return. (Walnut Creek Rossmoor News, CA)
Letters to be sent out to proposed annexation land owners Sep 6, 2008
Adopted an ordinance allowing a power cost recovery factor to be included in electrical rates. Utilities director Lowell Ogle Jr. stressed that the charge is not a rate increase but is purely a mechanism to recover source costs. (Brenham Banner, TX)
Statement By The NDC Forum Sep 4, 2008
In fact, some of the reasons for which inflation has not gone even higher are the fact that the NPP has, for political expediency, thrown its much vaunted full cost recovery policy in the petroleum sector out of the windows. Additionally, they have also refused to pay contractors and suppliers, newly recruited nurses, teachers, doctors, immigration workers and NYEP workers. (Ghana Web, Ghana)
State auditor reignites 'battle' with Chevron Sep 4, 2008
Under the country's cost recovery mechanism, CPI can claim expenses from the government for electricity and steam for the cogen plant. But the BPK has alleged that irregularities in the project have resulted in state losses in the form of cost recovery payments. (Jakarta Post, Indonesia)
City to discuss project funding Sep 3, 2008
Amending electrical rates to include a power cost recovery factor ... First readings of ordinances increasing water rates and implementing the power cost recovery factor in electric rates. (Brenham Banner, TX)
Senate flexes its muscles by voting down budget bill Aug 29, 2008
Health Minister Nicola Roxon's office was unable to say if the Government would pursue its drug cost recovery proposal ... "We think there's merit in the principle of cost recovery. What there's not merit in is having vulnerable Australians missing out from getting medicines," he said. (The Australian)
Alabama Power wants double-digit rate increase that would take effect Oct. 9 Aug 28, 2008
Alabama Power wants to raise its energy cost recovery rate to pay for the higher costs of coal and natural gas that it burns at its power plants, said utility spokesman Michael Sznajderman ... The utility has proposed that the higher energy cost recovery rate take effect for 12 months ... The higher cost recovery rate requested Monday would raise about $331 million over a year. (AL.com)
Troubling view Aug 27, 2008
"Approximately 50 percent comes from property taxes, which we all know what the value of housing is at this juncture. The other 20 (percent) to 30 percent comes from fees generated from the services we provide, which are limited to cost recovery. We cannot make a profit on the fees we charge.". Councilman Johnny Kolakowski asked if the city is looking at other revenue streams, such as private partnerships. (The News-Herald)
New Energy Frontiers Expand Global Connections Part I Aug 26, 2008
Giving communities a means to pay for energy services: Productive-use activities may allow communities to generate income from their activities so that they can pay for electricity services thus moving rural electricity access towards cost recovery. For communities of limited financial means, targeted and monitored subsidies may also be required so that service is provided regardless of the community s ability to pay. (YaleGlobal Online Magazine, CT)
It's Unwise To Tax 'Well-Earned' Profits Aug 26, 2008
Revise the federal tax code to increase the speed of capital cost recovery for new investment. Reduce the corporate tax rate to give companies more funds for capital expenditures. (Investors Business Daily)
Ontario Power Generation reports 2008 second quarter financial results Aug 22, 2008
It is expected that the Province will ensure that an appropriate cost recovery mechanism is established to enable OPG to recover the costs of its coal-fired generating stations following the implementation of the CO(2) reductions. On August 13, 2008, Standard s (Sounced that it raised OPG's long-term credit rating to "A-" with a stable outlook from "BBB+" with a positive outlook. (Canada Newswire)
Transit Authority manager wants on asset list Aug 22, 2008
With an expected 2008 budget of over a $1 million, Carter noted that PVTA has the highest cost recovery transportation system in the state, including those located in the bigger cities of Charleston and Huntington. He also gave recent statistics involving the number of clients being transported to and from their work places: 43,500. (Keyser Mineral Daily News Tribune, WV)
New oil, gas chief sets priorities: Consolidation, production Aug 18, 2008
We are hoping to study another type of contract which excludes the cost recovery mechanism. It seems this cost recovery scheme has confused many people. (Jakarta Post, Indonesia -- Business)
Trimac Announces Second Quarter Results Aug 13, 2008
In commenting on the results for the current period, Jeffrey J. McCaig, Chairman, President and CEO of Trimac, said: "The bulk trucking operations experienced some reduction in customer demand translating into reduced loads hauled and lower profitability. Fuel surcharges in the current period increased by $5.1 million or 55% over the prior period. This increase in revenue is primarily a cost recovery. When prior period one-time events (described above) are considered, consolidated net earnings... (PR Newswire)
Bankers Petroleum achieves record production, revenue, funds from operations and net income Aug 13, 2008
Bankers had previously proposed the 9% increase in the gross overriding royalty during the cost recovery period in exchange for expanded development opportunities of the Patos Marinza oil field, which was approved by Albpetrol and awaiting Ministry approval ... The cost recovery pool represents deductions for income taxes in Albania. (Canada Newswire)
Fortis Reports Second Quarter Earnings of $29 Million Aug 8, 2008
25 per cent reduction in basic customer rates and the elimination of the hurricane cost recovery surcharge ("CRS") at Caribbean Utilities, effective January 1, 2008, under the terms of the Company's new T&D licence. Earnings: Earnings' contribution was $13 million lower quarter over quarter. (CCNMatthews Press Releases)
Sabretooth Energy Ltd. announces second quarter operational results and additional Northeast British Columbia exploration and development details Aug 7, 2008
QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)
Saying goodbye to PSC? Aug 7, 2008
The government's intention to scrap the cost recovery scheme for new oil and gas contracts is certainly a bold idea ... The cost recovery scheme is a built-in element of the production sharing contract (PSC) system, which has been used in Indonesia for more than 40 years ... By scrapping the cost recovery scheme in a contract, the government will allow the use of contracts other than the PSC.. (Jakarta Post, Indonesia -- Editorial)
Horizon Lines' 2Q earnings down Jul 26, 2008
"We were able to effectively mitigate the impact of steep fuel cost increases in the quarter through a combination of conservation, strict vessel scheduling and fuel cost recovery measures. Additionally, we repaid $10 million in revolving debt during the quarter, further strengthening our financial position.". Rising fuel prices have prompted Horizon to lower its adjusted earnings per diluted share forecast for the full year to between $1. (Pacific Business News, HI)
Momentum Announces Q4 and Year End Results Jul 23, 2008
Administrative expenses decreased $983,349 to $3,622,651 from $4,606,000 due to reduced facility and staff costs as well as the cost recovery of certain expenses from the purchaser of the VAR Business. Other amortization was $581,984 in 2008 compared with $703,000 in 2007, representing a reduction of $121,016 due primarily to declining asset book values. (CCNMatthews Press Releases)
Uplifting the North must be a policy priority Jul 23, 2008
In the case of education for example, the continued rise in poverty limits the capacity of northerners to bear or share the burden of basic education as anticipated under the cost recovery and cost sharing measures built into educational reform packages since 1987. Consequently, all the problems in the education sector in Ghana such as unaffordable costs of education, shortage of teachers, and learning materials, poor enrolments, poor quality of education and school performance, high dropout... (Ghana Web, Ghana)
FP&L gets OK for three solar plants Jul 18, 2008
Technically, the PSC vote was on a staff recommendation that the three projects be considered eligible for full-cost recovery. The PSC said its approval is consistent with recent legislation allowing utilities to recover renewable energy project costs, up to a total of 110 megawatts statewide, through the Environmental Cost Recovery Clause ... FP&L is the first utility to request cost recovery eligibility under the new Florida statute. (South Florida Business Journal, FL)
Portugal: 2008 Article IV Consultation, Preliminary Conclusions of the Mission Jul 18, 2008
For electricity, integration with the Spanish market is continuing, but it will be important that regulated tariffs are set to ensure full cost recovery, that the roadmap for the end of regulated prices be developed, and that opportunities be grasped to increase competition in domestic generation. 17. (IMF News)
16 cost recovery items to remain on list: Govt Jul 15, 2008
The government has reduced the number of items oil and gas contractors are allowed to claim reimbursement for under a cost recovery system to 16 from 33 in a bid to increase revenue in the sector, a senior official says ... Edy Purwanto, deputy for economy and distribution at BP Migas, told journalists: "We cannot eliminate all of the reimbursables under the cost recovery system because that would discourage contractors from investing in the oil and gas sector.". (Jakarta Post, Indonesia -- Business)
BMC among India's best, rated AA Jul 6, 2008
The BMC has been a leader in carrying out reforms outlined under the JNNURM. It has an e-governance set-up, which is partially operational, has 100% cost recovery for operations and maintenance for water supply and also for solid waste management. However, it lags behind in property tax reforms. (India Times, India)
New players save the NELP-VII show Jul 1, 2008
Whats even more surprising is that these companies have projected a cost recovery of just 15% to 20. At this rate, private oil companies can bid good-bye to Indias oil sector, an energy analyst associated with the bidding rounds said. (Economic Times)
Govt to limit reimbursable items under cost recovery scheme Jul 1, 2008
The government is wrapping up a new regulation that will eliminate 17 expenses that oil and gas contractors can currently claim for reimbursement under the cost recovery scheme, a minister says ... "To specifically detail activities that can and cannot be refundable under the cost recovery program, we are finalizing a regulation at the ministry," Purnomo told a hearing with the House of Representatives' commission VII overseeing energy affairs ... "Those items should have been excluded from the... (Jakarta Post, Indonesia)
Unusual deal brought the Open to San Diego Jun 30, 2008
For the city, about $500,000 in rent from the Friends, plus cost recovery up to $350,000 and another $350,000 for other golf course work. The city also derived other benefits, many of them hard to quantify, such as five days of national television exposure. (San Diego Union-Tribune)
Fire dues added to property tax bills? Jun 27, 2008
ClarksonChief wrote on Jun 25, 2008 1:52 PM:" Shutting down fire departments is not the answer, nobody I know wants the Fire Department coming to their emergency to be 20 minutes driving time away. If time wasnt a factor it wouldnt be an emergency. To help shed light on the idea of realistic fire fees, Kentucky Revised Statues states that the most a fire department can charge for a fire in a single family dwelling is 500 dollars. Commercial and multi- family dwellings are set... (Leitchfield Grayson County, KY)
Infrastructure deficit effect growth Jun 26, 2008
Similarly, Rangarajan said, issues related to pricing and cost recovery need to be addressed. "Efficient and speedy implementation of projects is critical in the infrastructure area.". (India Times)
CBM investors to get more certainty Jun 26, 2008
The company that conducts the study will be refunded under a government cost recovery program when production begins ... As with oil and gas operators, CBM operators are subject to tax holidays and cost recovery. (Jakarta Post, Indonesia -- Business)
'Shake-up' for internet proposed Jun 24, 2008
"We are doing this on a cost recovery basis. We've already spent $10m on this," he said. Individuals will be able to register a domain based on their own name, or any other string of letters, as long as they can show a "business plan and technical capacity". (BBC News -- Technology)
"Politics": How Do Regulators Respond? Jun 19, 2008
EnergyPulse - Insight Analysis and Commentary on the Global Power Industry. Energy Central Sponsors. (Energy Pulse, CO)
Severe Midwest Weather Impacts Alliant Energy Operations Jun 18, 2008
Second, both IPL and WPL will be evaluating regulatory options for cost recovery, as appropriate to each specific jurisdiction. Finally, the incremental costs of any required replacement power needs are expected to flow through IPL's energy adjustment clauses. (PR Newswire)
County Lines for June 14, 2008 Jun 14, 2008
County to seek cost recovery for fire. Santa Barbara County fire officials say the county will try to recover the costs of firefighting efforts related to a small grass fire Thursday afternoon near San Antonio Creek Road and Pennell Road near Highway 154 outside of Santa Barbara. (Santa Maria Times)
Claims include Pinocchio DVD, golf clubs, dance class, charities Jun 11, 2008
"There are numerous items which should be excluded from the cost recovery provision. For example, costs for community development. The firms seem to be generous but at the end of the day they pass on the bill to the government," said BPK senior auditor Widodo H. Mumpuni ... Aside from the Pinocchio DVD, Total filed cost recovery claims for a water skiing boat engine, diving, recreation, French film festival sponsorship, HIV campaign, dancing teachers and farewell parties ... Not until the BPK... (Jakarta Post, Indonesia -- Business)
Malta-2008 Article IV Consultation Concluding Statement of the Mission Jun 6, 2008
In this connection, a revision of subsidized administered prices of electricity to drastically increase cost recovery is urgent. Also, tight spending control and efforts to identify potential savings should be intensified in all expenditure categories. (IMF News)
DeLand leaders agree to charge nonresidents for accidents Jun 3, 2008
The commission votes came after lengthy discussion surrounding the concept -- a new one to Volusia County communities -- and the billing, which will be done by Ohio-based Cost Recovery Corp. ... Regina Moore, president of Cost Recovery Corp., told commissioners that 56 percent of insurance companies recognize the fees as legitimate and pay ... A 60-minute crash involving one fire rescue vehicle, one EMT and one firefighter costs $668, plus $203 in "station prep," or administrative costs that... (Daytona Beach News Journal)
Kufuor Has Said Nothing New - NDC May 29, 2008
It is the position of the NDC that the NPP government has no right to claim that the increase in world market price of crude oil has thrown its budget off gear since according to the party, the NPP government policy on petroleum prices has been one of full cost recovery. Week after week, as the prices of petroleum rose on the world market, prices of petroleum products have been increased in Ghana with the full cost including the tax component passed on to the Ghanaian consumer, it stressed. (Ghana Web, Ghana)
Economy As Hot As Pepper Soup May 25, 2008
As Ghana sought to increase water access, the IMF recommended "full cost recovery." Ghana's water company moved to install prepaid meters and disconnect nonpaying customers, according to a report from Jubilee USA, an anti-poverty nonprofit group in Washington. As a result, Ghanaian women, who traditionally bear the burden of providing water for household use, were forced in some instances to dig unsafe, shallow wells to access drinking water. (Ghana Web, Ghana)
City/County Briefs/Meetings May 20, 2008
The program supports the regional dispatch and provides support for system equipment, equipment maintenance, the E-9-1-1 network, consulting services, training, wireless cost recovery and ATM mapping. New ambulance. (Rio Rancho Observer, NM)
Electricity summit gets direction May 16, 2008
The cabinet said in a statement issued yesterday that the new electricity pricing policy sought to ensure that the value chain: contributed to economic growth; provided universal access to electricity; created an investor friendly pricing structure that promoted efficient cost recovery measures and a reasonable return on investment; led to environmentally friendly usage of resources; provided open and non-discriminatory access to the transmission system; and promoted greater levels of... (Business Report, South Africa)
Tanganyika Announces First Quarter 2008 Results May 14, 2008
The Company acquired its interest in the Oudeh Block ("Oudeh") in 2003 pursuant to a Contract for Development and Production of Petroleum with the Government of Syria (the 'Government"). The objective of the contract, which has a term of 20 years with a provision for a five year extension, is to increase oil recovery and crude oil production within the block by applying enhanced oil recovery ("EOR") techniques. The Company began EOR through the use of thermal (steam) technology during 2006.The... (CCNMatthews Press Releases)
SBY to issue new economic package May 12, 2008
He may change or put in some additional points to help cushion the impact of the fuel price increases," said the official. According to the package, the economic team will focus in the remaining 16 months before next year's general election on improving the investment climate and stabilizing the macro-economy and financial institutions. Improving the management of the country's natural resources, environment, and agriculture sector, empowering small and medium enterprises, and reforming the... (Jakarta Post, Indonesia)
Pregis Announces First Quarter 2008 Financial Results May 10, 2008
Commenting on the Company's results, Mike McDonnell, President and Chief Executive Officer, stated, "Our first quarter results were negatively impacted by raw material cost inflation, as well as the weakened economic environment in the U.S. as well as in Europe. Although resin costs stabilized somewhat during the first three months of 2008, we expect continued volatility and remain committed to our disciplined focus on achieving pricing for value and full cost recovery as rapidly as possibly. In... (PR Newswire)
Press Release: IMF Board of Governors Approves Key Element of IMF's New Income Model May 8, 2008
This cost recovery will not affect the Fund's ability to provide concessional lending to low-income countries. ANNEX. (IMF News)
Uneasy gas market causes Vectren 1Q earnings decline May 3, 2008
The company will eliminate its gas cost recovery rate and go to a market-based structure, which will decrease rates for residential and business customers. The new program will give customers natural gas at the wholesale market price each month, plus an additional amount which will be set through an auction among natural gas suppliers. (Dayton Business Journal, OH)
Flagbearers On Energy Apr 23, 2008
These investments affect revenues since cost recovery is an essential part of the investment framework An important aspect of the nation deriving value from oil and gas production, therefore, is the effective monitoring of these large capital expenditures. Recognizing the key roles that both the Ministry of Energy and GNPC have in ensuring proper accounting for all expenditures, strengthening of capacity in these areas, particularly, will be important to enable government achieve expected... (Ghana Web, Ghana)
Council to vote on insurance ordinance Apr 22, 2008
Dayton, Ohio-based Cost Recovery Corp. would collect fees for the city if the ordinance is enacted ... Regina Moore, president of Cost Recovery Corp., told the Council last month that no other city that has enacted the plan has seen insurance rates rise ... Robert wrote on Apr 22, 2008 7:31 AM:" It not really a surprise that Regina Moore, president of Cost Recovery Corp.would say no raises in insurance cost. The insurance companies are in the business of giving away money at no charge. What... (Elizabethtown News Enterprise, KY)
Coal-fired power has some big question marks ahead of it Apr 20, 2008
A new coal project faces the combined hurdles of escalating costs, opposition from environmentalists, long lead times and cost recovery challenges, the Wood Mackenzie report concluded. There s no mention of the cloud hovering over Washington, D.C., where a bipartisan greenhouse gas cap-and-trade bill is tentatively scheduled for June debate in the Senate. (Gillette News-Record, WY)
Villaraigosa: City Must Eliminate 767 Positions Apr 12, 2008
"We're going to be looking at issues like full cost recovery ... full cost recovery across the board.". Villaraigosa is expected to discuss the city's budget problems in his State of the City address on Monday. (NBC4.tv, CA)
Georgia Power Signs Contract for Nuclear Units Apr 9, 2008
" Southern Company also continues to support the efforts of the NuStart Energy consortium to test the Nuclear Regulatory Commission's new licensing processes. NuStart Energy and TVA have submitted a Combined Operating License application to the NRC for two Westinghouse AP1000 units at TVA's Bellefonte site in northern Alabama. Georgia Power is the largest subsidiary of Southern Company (NYSE: ), one of the nation's largest generators of electricity. The company is an investor-owned, tax-paying... (PR Newswire)
Financing police building 'won't be easy' Apr 9, 2008
Benest's list also includes several "cost recovery" programs: $150,000 from targets of code enforcement; $50,000 from park field users; $35,000 for the spay-and-neuter program; $80,000 for paramedic services in the form of a 911 fee; and $68,000 from transferring full traffic-control and police costs for special events (such as football games) to Stanford. The city could charge new developments a public-safety-services fee, generating $300,000, he said. (Palo Alto Online, CA)
Press Release: IMF Managing Director Strauss-Kahn Applauds Executive Board's Landmark Agreement on Fund's New Income and Expenditure Framework Apr 8, 2008
This cost recovery will not affect the Fund's ability to provide concessional lending to low-income countries. Key elements of the medium-term budget. (IMF News)
Nigeria's changing energy regulations Apr 7, 2008
These were established on a cost recovery basis where the oil companies only pay revenues to the government after they have recouped their initial investment costs. The government sees the tax treatment of these contracts as too favourable and would like to encourage more investment in onshore projects which are taxed at a higher rate. (Globe and Mail -- Business)
M Ramachandran, Urban development secretary Apr 3, 2008
These include stamp duty rationalisation at 5%, repeal of urban land ceiling act, property tax reforms and service cost recovery at the ULB level. The money is released in phases, contingent upon the reform steps undertaken. (India Times)
Record fuel prices blow budgets Apr 1, 2008
"Cost recovery through surcharges is becoming increasingly difficult," the Fed said. John Baiker of Doylestown, Pa. (USA Today -- Money)
Outlaw motorcycle gang clubhouse forfeited Mar 28, 2008
Special purpose account funds may be disbursed: to compensate direct victims of the unlawful activity that led to forfeiture (victims may submit a claim for compensation); for cost recovery to the Crown; for grants to support programs and initiatives that help victims of unlawful activity or prevent victimization. CIVIL FORFEITURE SUCCESSES Ontario's Civil Remedies for Illicit Activities office is recognized nationally and internationally for its precedent-setting work. (Canada Newswire)
WB heading for unsustainable debt situation: CAG Mar 28, 2008
"Increasing fiscal liabilities accompanied with negligible rate of return on government investments and inadequate cost recovery on loans and advances might lead to unsustainable debt situation in medium to long run," the CAG said in its audit report. To prevent such a situation, the state should take suitable measures to compress non-plan revenue expenditure and to mobilise additional resources both through tax and non-tax sources in the ensuing years, the CAG said. (India Times, India -- Community News)
War and aftermath destroying economies Mar 20, 2008
Corruption, smuggling and other illicit activities result in revenue losses and low cost recovery. Now we read in The Boston Globe that not only are these funds misused, but that Kellogg Brown & Root, the nation s top Iraq war contractor and until last year a subsidiary of Halliburton Corp., has avoided paying hundreds of millions of dollars in federal Medicare and Social Security taxes by hiring workers through shell companies based in the Cayman Islands. (Sierra Vista Herald, AZ)
Stark County SWCD seeks county board backing Mar 19, 2008
Also approved was a resolution presented by Hodel to adopt a Stark County Geographic Information System products and services cost recovery policy. Hodel said he hopes to fill a summer internship position with a college engineering student. (Kewanee Star Courier, IL)
TUSK Energy Corporation: Financial and Operating Results for the Three Months and Year Ended December 31, 2007 Mar 18, 2008
In 2007, TUSK provided the services of an employee to this company on a cost recovery basis ... In 2007, TUSK provided the services of an employee to this company on a cost recovery basis. (CCNMatthews Press Releases)
Radcliff may bill insurance companies for police response Mar 16, 2008
City Council members in Radcliff listened to a presentation Monday by Regina Moore, president of Cost Recovery Corp., a company that focuses on billing insurers for such services ... But she said it is early in the process of determining whether to invoke cost recovery ... Moore said the city could ultimately determine who would and who would not be held accountable under the contract between the city and Cost Recovery Corp.. (News Enterprise Online)
Fees lock out some citizens Mar 16, 2008
Virtually every state allows cost recovery for duplication of records, and most allow agencies to charge for staff time involved in making written documents, videotapes, audio recordings and other records available to the public ... Cost recovery is a huge issue for state agencies, said Tim Gleason, dean of the University of Oregon School of Journalism and Communication and a board member of Open Oregon, one of the groups that backed the change. (Albany Democrat-Herald, OR)
