Open Letter To The President J.E.A Mills Aug 6, 2009
Its obvious the less fortunate in society are not able to see their dreams materialize due to the high tuition and hostel fees at both public and private institutions, these has worsen with the recent introduction of the full cost recovery at our public tertiary institutions. The annual intake of students to study in any discipline at the various public institutions has been reduced drastically due to lack of facilities to accommodate the numerous potential students who apply to these... (Ghana Web, Ghana)
CenterPoint Energy Reaches Settlement Agreement With Parties on Recovery of Costs Associated With Hurricane Ike Aug 1, 2009
The exact size of the storm cost recovery bond offering will be determined by the PUC in a proceeding currently scheduled for hearing in September 2009. CenterPoint Energy Houston Electric hopes to complete the regulatory process and issue those bonds this fall. (PR Newswire)
Government blows GH1m on Obama Jul 31, 2009
Speaking on behalf of the group at a media briefing in Accra to announce AFAG's intended August 4, 2009 "Atta Adaadaa Yen Demo", Mr Kwabena Bomfeh "a leading member of the group said the ruling government's acceptance of International Monetary Fund's (IMFs) loan facility with such killer conditionalities was a deadly deal for the citizenry. He indicated that the freeze on public sector employment for 2 years and full cost recovery at all tertiary level of education, had led to an increase in... (Ghana Web, Ghana)
AFAGS Actions Are Ridiculous Jul 31, 2009
It was also alleged that, the IMF loan of $535 million had killer conditionalities that state that there should be full cost recovery for tertiary education which has led to an increase in academic facility user fee (AFUF), removal of subsidy from electricity and water bills. This is an unfortunate deceit on the part of AFAG, we dont think this group should be given any regard of any sort. (Ghana Web, Ghana)
Teck Reports Second Quarter Results for 2009 Jul 23, 2009
The second phase of the case, dealing with liability under CERCLA for cost recovery and natural resource damages is scheduled to be heard in October, 2010 ... The second phase of the case, dealing with liability under CERCLA for cost recovery and natural resource damages ("NRD") is scheduled to be heard on October 4, 2010. (CCNMatthews Press Releases)
Press Release: IMF Executive Board Approves US$602.6 Million PRGF Arrangement for Ghana Jul 17, 2009
To help achieve this fiscal goal, the authorities should ensure that petroleum pricing and utility tariffs allow for full cost recovery to avoid large subsidy costs. More effective control will also be needed over the public sector wage bill, and steps should be taken to modernize the tax regime and strengthen collection. (IMF News)
Loans for Economic Resuscitation: Where is NDC Job Creation Plan? Jul 12, 2009
Therefore, a full cost recovery policy would be murderous. The deceptive NDC loan policies are anti-poor and faulty on social services that would cushion the vampires against the people. (Ghana Web, Ghana)
Woodland Fire Department To Begin Billing Jul 1, 2009
The council also authorized an agreement between the city of Woodland and Fire Recovery USA, a cost recovery company, to bill for fire department responses. Fire Recovery USA estimates the Woodland Fire Department will generate $167,000 annually based on 2008 response statistics which equates to 1. (KCRA 3, CA)
Domestic relations prosecutor offers victims hands-on help Jun 28, 2009
Domestic relations cases include dissolutions, modifications on arrangements for children involved in dissolution, domestic abuse, foster care, child support actions, foreign support, cost recovery, administrative orders, income withholdings, medical support, paternity, out-of-state custody and adoptions. Domestic relations or family law cases often require more personal interaction with the victim than other types of prosecutions. (Mason City Globe-Gazette, IO)
CORRECTION FROM SOURCE: Clairvest Reports Fiscal 2009 Fourth Quarter and Year-End Results Jun 24, 2009
"Clairvest filed a new normal course issuer bid enabling it to make market purchases of up to 797,678 of its common shares in the 12-month period commencing March 6, 2009. As at June 23, 2009, Clairvest had repurchased a total of 5,709,578 common and non-voting shares over the last six years.Subsequent to year end, Clairvest declared an annual dividend of $0.10 per share, which will be payable July 27, 2009 to common shareholders of record as of July 10, 2009. This is an eligible dividend for... (CCNMatthews Press Releases)
The Fuel Price Brouhaha Jun 23, 2009
As a buyer, how can I be told that my debt toll is increasing when I am buying at a full cost recovery and I am contributing to a fund set up defray my existing debt. Is this logical. (Ghana Web, Ghana)
Trigon Uranium Corp. and Intercontinental Potash Corp. Announce Proposed Reverse Take-Over Jun 19, 2009
All reclamation plans, environmental plans, and archeological work have been approved by BLM. Bonds in respect of the drill program have been accepted and all cost recovery charges have been paid in accordance with federal regulations. The initial term of the permits, granted on December 1, 2008, is two years and may be extended to four years in total if in the opinion of BLM exploration has proceed in an expeditious manner. (Canada Newswire)
County Tries Again to Revise Prison Development Plan Jun 2, 2009
Funding sources are still to be explored by the county and there remains a gap of 9 million to 12 million between the cost of development and cost recovery. In addition to the 352 residential units, the plan contains 41,000 square feet of specialty retail, both new construction and reuse of the penitentiary dining hall, which Alexander said could be used as a small grocery store along the lines of a Trader Joe s. The power plant has the ideal atmosphere for a restaurant, said an Alexander... (South County Chronicle, VA)
Press Release: IMF Staff Mission to Ghana Conducts Article IV Consultation, Makes Progress on Fund Support for Program May 24, 2009
Cost recovery pricing for petroleum products and utilities remain important to avoid heavy subsidy costs, and reforms are needed to improve the affordability and service standards of the public service. The government is encouraged to move ahead vigorously with its reform plans in these areas. (IMF News)
IMF staff mission makes progress on possible program May 24, 2009
"At the same time, expenditure monitoring and control has not taken full advantage of computerization. Cost recovery pricing for petroleum products and utilities remain important to avoid heavy subsidy costs, and reforms are needed to improve the affordability and service standards of the public service. The government is encouraged to move ahead vigorously witl1 its reform plans in these areas." Mr Allum said, "good progress" was made in discussions between the mission and the authorities on a... (Ghana Web, Ghana)
U.K. Put On Notice Debt Rating At Risk; Will U.S. Be Next? May 23, 2009
On May 1, this column detailed a base the health-care cost recovery firm was then forming. Just 10 days later, the stock passed its 36. (Investors Business Daily)
State Capitol Briefs, Thursday, April 7 May 9, 2009
By State House News Service. Thu May 07, 2009, 11:08 PM EDT. (Belmont Citizen Herald, MA)
Idaho Power to cut jobs May 8, 2009
4 percent power cost adjustment, which is an annual filing that's strictly a cost recovery mechanism that passes along both benefits and costs to the customers. The company has also requested a fixed cost adjustment for residents and small businesses -- the specific percentage increase requested was not available -- as well as a 1. (Pocatello Idaho State Journal, ID)
Vectren Corporation Reports First Quarter 2009 Results Apr 30, 2009
The order allows for the phased movement toward a straight fixed variable (SFV) rate design which places substantially all of the fixed cost recovery in the customer service charge. A SFV design mitigates most weather risk as well as the effects of declining usage, similar to the company's lost margin recovery mechanism, which expired when this new rate design went into effect on February 22, 2009. (PR Newswire)
NYT: Cities turn to fees to fill budget gaps Apr 12, 2009
A company in Dayton, Ohio, called the Cost Recovery Corporation specializes in setting up collection systems for municipalities that bill for police and fire responses. (The company keeps 10 percent of billings. (MSNBC -- Politics)
Croatia—2009 Article IV Consultation, Concluding Statement Apr 10, 2009
The mission welcomes the recent health sector reforms to improve cost recovery and the adoption of tax identification numbers that would allow stronger tax compliance and better targeting of social benefits ... Possible measures include curtailing subsidies and advancing the restructuring of loss-making SOEs; improving cost recovery for social services; containing the growth of privileged pensions; better targeting social benefits; and scaling back the public investment program. (IMF News)
AEP looks to the future (9) Apr 1, 2009
Jensen said a fix for that problem could be real-time cost recovery, allowing the company to meet costs with electric rate increases during construction. Michigan does not allow that method of cost recovery, he said, and without a change in the law, AEP will not build in the state. (The Herald-Palladium)
Use less PGE power but pay more? That's the fear Mar 27, 2009
In a filing this week, the Citizens' Utility Board asked the utility commission to either suspend the program or put a hard, one-time cap of 2 percent on any cost recovery. As an alternative, Jenks said, the commission could establish a mechanism that required utilities to verify that any reduction in electricity use was tied to energy efficiency programs. (OregonLive, OR -- Business)
Bankers Petroleum announces 2008 financial results Mar 20, 2009
Bankers had previously proposed a 9% increase in the gross overriding royalty during the cost recovery period in exchange for expanded development opportunities of the Patos Marinza oilfield, and effective August 12, 2008 the Albanian Parliament approved an amendment to the hydrocarbon fiscal system by establishing a 10% royalty tax ... The Company's cost recovery pool in Albania is $88. (Canada Newswire)
Entergy customers to see rate decrease Mar 20, 2009
Entergy Arkansas collects fuel and purchased power cost from its customers through the Energy Cost Recovery Rider (Rider ECR), which appears as a separate line item on customer bills, according to an Entergy press release. These costs are for fuel the company burns in its power plants to make electricity and for electricity the company buys from other generators when it is less expensive than generating its own power. (Paragould Daily Press, AR)
FP Newspapers Income Fund Reports Fourth Quarter 2008 Results Mar 11, 2009
8%, primarily due to lower charges for newsprint cost recovery and the cancellation of the National Post Winnipeg printing contract. Promotions and Services revenues for the eleven months excluding October increased by $0. (CCNMatthews Press Releases)
Few Red Flags Over Ghana's Budget Mar 11, 2009
To promise recapitalization without voting considerable funds for it, and to refuse to commit government to either full direct subsidization or acquiescence to full cost recovery by the SOEs, is to significantly devalue governments industrial policy for the coming year. It is also not clear how Government proposes to reduce debt servicing from 17% of payments in 2008 to 14% in 2009 when carry-over effects of 2008s deficit financing, reserve fund depletion, arrears (for which some GHC533m... (Ghana Web, Ghana)
Daylight Resources Trust Reports Year End 2008 Financials and Delivers Record Results- Increased Production and 175% Reserve Replacement Highlight Record Year Mar 5, 2009
The ceiling test is a cost recovery test intended to identify and measure potential impairment of assets. An impairment loss is recorded if the sum of the undiscounted cash flows expected from the production of the proved reserves and the lower of cost and market of unproved properties does not exceed the carrying values of the petroleum and natural gas assets. (CCNMatthews Press Releases)
Bonavista Energy Trust Announces 2008 Year End Results Mar 3, 2009
Pursuant to the Plan of Arrangement, Bonavista entered into a Technical Services Agreement ("TSA") with NuVista, whereby, Bonavista received payment for certain technical and administrative services provided by it to NuVista on a cost recovery basis. Effective January 1, 2007 the terms of the TSA were amended to reflect the reduced level of services provided by Bonavista and subsequently on August 31, 2007 the TSA was terminated and replaced with a new services agreement. (CCNMatthews Press Releases)
Pearl Announces 2008 Fourth Quarter and Annual Financial and Operating Results Feb 27, 2009
Throughout 2008, the WTI/Western Canada Select ("WCS') differential was narrower than 2007. In 2008, the WCS reference price averaged 78% of the WTI price, compared with 68% of the WTI price in 2007.Overall, oil and gas revenues increased 43% in 2008 to $183.5 million compared with $128.5 million in 2007. The increase is attributable to a 9% increase in boe sales volumes and a 63% increase in the average sales price. Netbacks (per boe)... (CCNMatthews Press Releases)
Lawmakers OK early nuclear cost recovery Feb 27, 2009
Early cost recovery would save Georgia Power $300 million in financing expenses, allowing the company to save customers 25 percent over the project s 60-year lifetime, said Rep ... House Minority Leader DuBose Porter said early cost recovery would leave ratepayers holding the bag if the project experiences cost overruns or the plant isn t built. (Atlanta Business Chronicle, GA)
DNR taps historical society for crash site clean up Feb 26, 2009
It can also then seek cost recovery in court. The spill agent, however, said that he is not worried about lawsuits at this time, and added that he is only worried about cleaning the site. (Menomonie Dunn County News, WI)
OPTI Canada Announces Year End 2008 Results Feb 25, 2009
All of the Company's remaining assets were subject to a ceiling test and cost recovery test which concluded no further impairment existed. The ceiling test is described in Note 2 of the financial statements. (Canada Newswire)
SWEPCO Seeks Arkansas Base Rate Increase Feb 20, 2009
Methods of major storm cost recovery for utilities are under consideration in a separate docket opened by the APSC last year. SWEPCO serves 113,500 customers in Arkansas, along with 180,000 in Northwest Louisiana and 180,000 in East and North Texas for a total of more than 473,500. (PR Newswire)
Proposed Nuclear Plant Feb 14, 2009
AmerenUE has told members of the Legislature that the company can't build a second Callaway reactor if the lawmakers do not allow cost recovery during construction. There is support for the legislation and, as expected, opposition. (Missourian Publishing, MO)
Ameren Announces 2008 Earnings Feb 14, 2009
The Missouri order authorized fuel and purchased power cost recovery and vegetation management and infrastructure inspection cost-tracking mechanisms. These mechanisms improve our ability to continue to invest in our infrastructure so that we will be able to meet our customers' expectations for safe and reliable service. (PR Newswire)
Ghana & Her Oil Contracting Feb 10, 2009
In this case, if the cost recovery is too great, it may represent a liability for the state as it may reduce its share of gross production, this can play a role in the states losing its control of her hydrocarbons resource to foreign investors. CONCLUTION. (Ghana Web, Ghana)
IUE & AMI: Everyone's in a rush except utilities and the general public Feb 7, 2009
"We have to lay the groundwork, all of this is very expensive," said one major utility CIO. "We have to have the regulatory framework for all of this. Who is going to pay for it? Will we be allowed cost recovery? Right now we are in a couple of AMI pilots, but we have to have the regulatory structure to ensure our stakeholders, including our investors, are going to be protected. Shareholders are entitled to a reasonable return on their investments and until these details are worked out; we just... (Energy Pulse, CO)
