Monthly archives for December, 2020

Entergy seeks $4.6 million in legal fees from state of Vermont

first_img Entergy to refuel Vermont Yankee as lawsuit proceeds | Vermont … Judge rules Vermont cannot close Vermont Yankee | Vermont … Jan 20, 2012 … If Vermont Yankee were not allowed to do so, it would have to shut down because the spent-fuel pool is filled and there is no other site outside …www.vermontbiz.com/…/judge-rules-vermont-cannot-close-vermont-yankee Northstar Vermont Yankee,by Anne Galloway vtdigger.org Entergy Corp filed a motion with the US District Court on Friday to recover $4.6 million in legal fees for its lawsuit against the state.The Louisiana company prevailed in federal court on January 20 when Judge J. Garvan Murtha struck down two state laws that required Entergy to seek approval from the Legislature to continue operating Vermont Yankee Nuclear Power Plant past its 40-year anniversary and to store high level nuclear waste at the plant site.The state has 30 days to appeal the decision.Entergy says it is entitled to an award of attorneys’ fees because it also prevailed on its claim under the Commerce Clause.Chanel Lagarde, spokesman for Entergy, said in a written statement that ‘the law allows for the prevailing party to seek recovery of attorney’s fees.’‘We believe this is the appropriate next step for our company in this case where we were compelled to challenge several Vermont state laws that we believed were unconstitutional and were in fact found to be unconstitutional,’ Lagarde said.Download the motion Entergy Attorney Claims 2-3-12.Vermont AG William Sorrell, right, said his office lacked the evidence needed to bring criminal charges against Vermont Yankee Officials. At left is Asst. Attorney Gen. John Treadwell. VTD/Josh LarkinVermont Attorney General Bill Sorrell said he expected Entergy to request attorneys’ fees.‘I was certain it would be all of seven figures, I just didn’t know how far into seven figures it would be,’ Sorrell said. ‘It’s a little higher than I thought.’Sorrell said ‘they threw a lot of legal horsepower at us, they went into the record extensively and they charged New York City rates.’Entergy hired Kathleen Sullivan, the dean of Stanford Law School, to litigate the case. Sullivan was on the short list of candidates for Obama’s recent Supreme Court appointment, and she has been described as ‘one of the most trusted advocates before the United States Supreme Court.’ Sullivan unearthed a detailed record in which she said lawmakers made references to safety as justification for a decision to deny Entergy a permit to continue operating the 40-year-old nuclear plant for an additional 20 years. States can’t regulate the safety of a plant under federal law; safety is the purview of the Nuclear Regulatory Commission.The state can challenge the amount of the fee, Sorrell said. ‘This is a long way from over,’ he said.Sorrell said his office can question whether the lawyers’ hourly rates and the amount of time they spent on the case was reasonable. Entergy can’t claim relief for any legal work related to the questions about the reliability of the nuclear plant, he said.It’s not unusual for litigants to go through a mediation process and retain experts to review attorneys’ fees, according to Sorrell.‘It’s not that they get to say this is what you give us,’ Sorrell said. ‘There’s a lot of lawyering to be done on a request of this magnitude.’Sorrell pointed to the prescription datamining case as an example of how the state has negotiated with other litigants. The state lost the case against IMS, a drug datamining company last summer in proceedings before the U.S. Supreme Court. The attorney general said he couldn’t reveal how much IMS is requesting for attorneys’ fees, but he said the state is negotiating with the company to reach a settlement. The state has already settled with one of the litigants in the case, Pharma, an advocacy group affiliated with IMS for about $1.75 million.Will Entergy’s $4.6 million request affect Sorrell’s decision to appeal? ‘Not really,’ he said.‘Some have speculated that we would be intimidated by the amount not to go further with an appeal,’ Sorrell said. ‘Others have said it reinforces the reasonableness of an appeal because if the decision is overturned we don’t pay a dime. We’ll look at the appeal on its own merits.’Cheryl Hanna, a professor at Vermont Law School and an expert on constitutional law and the U.S. Supreme Court, said the judge ruled that the state of Vermont violated Entergy’s constitutional rights and that entitles Entergy to legal fees.‘As a general rule, we allow that,’ Hanna said. ‘We want to give incentives to enforce constitutional rights even when there is no money involved.’Vermont doesn’t have to pay damages, she said, but ‘we allow for requests for attorneys’ fees so that lawyers will take these (constitutional rights) cases.’ Hanna said fees are requested for a wide range of cases whether the litigants are inmates or multi-million dollar corporations.Hanna says it will be up to court to decide how much to award.‘Unless the state prevails on all counts, we will probably end up paying for Entergy’s lawyers,’ she said. ‘We don’t get a discount rate because we’re in Vermont. The court will force us to pay New York rates.’Last year, the Shumlin administration pushed for a ‘billback’ provision that requires Entergy to pay the state’s legal fees. Sorrell advised the Legislature to move ahead with the change in statute, which would make Entergy Corp. liable for the state’s legal expenses, including responses to public records requests and the preparation of litigation in the case.Whether the court would honor this provision, in light of the judge’s dismissal of the state’s authority in matters of pre-emption, is an open question.vtdigger.org February 4, 2012RELATED:center_img Apr 18, 2011 … The other shoe has finally dropped. Entergy Corporation (NYSE: ETR) announced this morning that two of its subsidiaries, Entergy Nuclear …www.vermontbiz.com/…/entergy-vermont-yankee-sues-state-vermont Jul 25, 2011 … Today Entergy Corporation (NYSE: ETR) communicated to its employees that the company’s board of directors voted to approve the fabrication …www.vermontbiz.com/…/entergy-refuel-vermont-yankee-lawsuit-proceeds Entergy Vermont Yankee sues state of Vermont | Vermont Business …last_img read more

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Union Bankshares announces increase in first quarter earnings

first_imgA quarterly cash dividend of $.25 per share was declared on April 18, 2012 to shareholders of record April 28, 2012, payable May 9, 2012.Union Bankshares, Inc., headquartered in Morrisville, Vermont is the bank holding company parent of Union Bank, which offers deposit, loan, trust, investment management and commercial banking services throughout northern Vermont and northwestern New Hampshire.  Total assets grew to $555.4 million, or 20.8% as of March 31, 2012 from $459.7 million as of March 31, 2011.  The Company operates 13 banking offices, a loan center and 30 ATM facilities in Vermont; 4 branches and ATM facilities in New Hampshire.Union Bank has been helping people buy homes and local businesses create jobs in area communities since 1891.  Union Bank has earned an outstanding reputation for residential lending programs and has recently been granted an Unconditional Direct Endorsement from the Department of Housing and Urban Development (HUD) for the origination of FHA loans, is an SBA Preferred lender and has an outstanding Community Reinvestment Act rating.  Union is proud to be one of the few community banks serving Vermont and New Hampshire and maintains a strong commitment to traditional values.  Union is dedicated to providing genuine customer service and community support, donating tens of thousands of dollars to local nonprofits annually.  These values–combined with financial expertise, quality products and the latest technology–make Union Bank the premier choice for your banking services, both personal and commercial.  Member FDIC.  Equal Housing Lender.Statements made in this press release that are not historical facts are forward-looking statements.  Investors are cautioned that all forward-looking statements necessarily involve risks and uncertainties, and many factors could cause actual results and events to differ materially from those contemplated in the forward-looking statements.  When we use any of the words â believes,’â expects,’â anticipates’or similar expressions, we are making forward-looking statements.  The following factors, among others, could cause actual results and events to differ from those contemplated in the forward-looking statements:  uncertainties associated with general economic conditions; changes in the interest rate environment; inflation; political, legislative or regulatory developments; acts of war or terrorism; the markets’ acceptance of and demand for the Company’s products and services; technological changes, including the impact of the internet on the Company’s business and on the financial services market place generally; the impact of competitive products and pricing; and dependence on third party suppliers.  For further information, please refer to the Company’s reports filed with the Securities and Exchange Commission at www.sec.gov(link is external) or on our investor page at www.unionbankvt.com(link is external).Morrisville, VT April 18, 2012 – Union Bankshares, Inc Union Bank,Union Bankshares, Inc (NASDAQ – UNB) today announced Net Income for the first quarter 2012 of $1.2 million, or $0.28 per share, compared to $1.0 million, or $0.23 per share, for 2011. Results for 2012 reflect a year to year increase in net interest income of $748 thousand or 16.5% and noninterest income of $502 thousand or 35.8%. The increase in net interest income was mainly driven by higher loan balances outstanding, $65.8 million, or 17.7%, year over year as a result of the purchase of three branches in the second quarter of 2011 and with management’s decision to grow the residential real estate portfolio.  The increase in noninterest income is primarily due to the increase in net gains on sale of residential real estate loans as well as ATM/debit card income year over year.  These positive factors were partially offset by increased operating expenses in all categories.  These increases are attributed to the increases in personnel, banking facilities, and equipment needs as a result of the continued growth.  Total loans grew to $437.7 million as of March 31, 2012 from $371.9 million as of March 31, 2011.  The increase is attributable to assets acquired in the three branch acquisition of May 2011 as well as organic growth within our loan portfolio.  Interest rate risk management includes continued sales of a portion of qualifying residential mortgages to the secondary market.  Loans serviced for others grew to $213.8 million, or 21.1% as of March 31, 2012 from $176.5 million as of March 31, 2011.  Total deposits reached $478.0 million compared to the prior year of $384.0 million, or growth of $94.0 million or 24.5%.  The Company had total capital of $40.5 million with a book value per share of $9.09 as of March 31, 2012 compared to $41.8 million and $9.37 per share at March 31, 2011. ###last_img read more

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PP&D Brochure Distribution acquires The Blue Map and brochure distribution display locations

first_imgPP & D Brochure Distribution,Bill Orleans, President of PP&D Brochure Distribution, is proud to announce he has purchased the Blue Map and nineteen brochure display locations, including the Church Street Marketplace Information Kiosk, from Brant Dinkin, owner of Information Gallery.”I’ve admired the Information Gallery displays and The Blue Map for decades. Brant has done a great job promoting Burlington businesses for a long time. I look forward to assisting his clients and the tourism community to continue those efforts,’’ says Orleans.The brochure distribution locations include the Church Street Kiosk, six Lake Champlain Ferry Docks, Shelburne Museum, Shelburne Farms, Shelburne Vineyards, Vermont Teddy Bear, University Mall, The Courtyard Burlington Harbor Marriott, and the new Hotel Vermont.‘Bill and his locally-owned and independent organization’ is the ideal choice to continue this’ responsibility as well as the Blue Map. Bill is an integral long-standing part of our community and has been a highly regarded specialist in the’ field of brochure’ distribution’ for over thirty years,’’ says Dinkin.Dinkin has operated the Blue Map and Information Gallery for thirty years. He had a staff of eleven. Many of the staff, including Sales Director Kit Antinozzi, Distributor Chuck Conn, Art Director Anne Linton, and Church Street Booth Manager George Commo will be continuing to work with PP&D Brochure Distribution.PP&D, headquartered on Pine Street in Burlington, was founded in 1981. They currently distribute in the Burlington area as well.’ ‘I am very pleased to add these new displays to our routes. We will better serve our current clients and offer a wider variety of brochures to the new host locations.’PP&D currently has seven employees. They have over 700 brochure displays in Vermont, New York and New Hampshire. Some of their over 300 clients include: Lake Champlain Chamber, Magic Hat Brewery, Church Street Marketplace, Stowe Mountain Resort, Vermont Gift Barn, Spirit of Ethan Allen, Skinny Pancake, Ben & Jerry’s, Jay Peak Resort, Cabot Creamery and the Vermont Attractions Association. Source: PP&D 11.7.2013‘last_img read more

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Deadline extended for new dairy farm production price insurance program

first_imgSenator Patrick Leahy (D-Vermont) is urging Vermont’s dairy farmers to take advantage of US Agriculture Secretary Tom Vilsack’s decision to extend for a week the signup period for the new dairy farm production price insurance program created under the 2014 Farm Bill.Vilsack on Wednesday afternoon announced that the signup deadline for the new Margin Protection Program for Dairy (MPP-Dairy) will be extended to December 5, 2014, and that the comment period for the new MPP-Dairy rule would be extended until December 15, 2014.Leahy said, “This extension is good and useful news for dairy farmers in Vermont and across the country who are weighing their options and still learning about the new Margin Protection Program for Dairy. USDA and the University of Vermont Extension Service have worked hard to help educate farmers across our state, and we all recognize that farmers will need more time. This will give them more time to study their options and make informed decisions on signing up for this new risk management tool.”Leahy has encouraged dairy producers to use the online MPP-Dairy web tool at http://www.fsa.usda.gov/mpptool(link is external) to determine the best coverage levels for their farms. Leahy, the most senior member of the Senate Agriculture Committee and a conferee on the Farm Bill, pushed to ensure that the web tool was authorized and funded in this year’s Farm Bill to allow farmers to review past market scenarios to help them better understand how the new program would help if poor market conditions arise in the dairy sector. The web tool is run on a secure website that can be accessed by computers, tablets and smartphones.Leahy has also urged dairy farmers, especially new and beginning farmers, to consider submitting public comments on the Margin Protection Program rule that will guide the program’s future.“All dairy farmers in Vermont, including beginning farmers, and those who plan to become dairy farmers, have the opportunity to help shape this program to ensure that it will work for the next generation of farmers,” Leahy said. “Parents hoping to bring their children into their operations in the coming years should consider commenting about how this safety net should cover potential growth in their production. It is important that this program not hinder inter-generational growth, and that it does not encourage gaming of the program or excess production that runs counter to market signals. The Agriculture Department needs to hear from dairy producers, and especially our young co-op members and those future farmers considering a return to their family farms.”Source: Leahy 10.29.2014last_img read more

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Casella gets more support in proxy fight

first_imgby Timothy McQuiston Vermont Business Magazine With its annual shareholders meeting a week from Friday, Casella Waste Systems, Inc is muscling up to fend off one of its investors in a shareholders proxy fight that could result in Chairman and CEO John Casella being removed from the board of directors. The annual shareholders meeting is November 6. In that effort, Casella has been supported recently by two independent advisory firms and an improved third quarter 2015 financial report released last week, which showed an increase in revenues and earnings.JCP Investment Management, LLC, a small investment firm based in Houston, TX, holds just over a 5 percent stake in the Vermont-based firm. It said it wants to replace the three board members up for re-election with three independent members of its choosing “because we are dedicated to maximizing shareholder value and improving corporate governance at Casella and we are confident that enhancing the Board is a critical first step towards these goals.”Casella, the solid waste and recycling company based in Rutland, has released financial results that it hopes will ensure that shareholders will elect the slate of directors as nominated by its board.JCP Group is conducting a proxy contest and is seeking the election at the 2015 Annual Meeting of two director candidates in opposition to the director nominees unanimously recommended by the Casella board. Among those up for re-election this year’s is Chairman and CEO John Casella.Casella has found support from Institutional Shareholder Services Inc, an independent proxy advisory firm, which has issued a report recommending that Casella stockholders vote the WHITE proxy card FOR ALL three of Casella’s director-nominees – John W Casella, William P Hulligan and James E O’Connor – standing for election. ISS’ clients include institutional investors, mutual funds, pension funds and other fiduciaries.ISS noted in its conclusion that JCP had not made a compelling case that additional change to Casella’s Board is needed and that votes for the Casella Board’s nominees on the WHITE proxy card are warranted.Additionally, ISS highlighted the significant and numerous positive changes that have already occurred at Casella. In particular, ISS took note of the refreshment of the Casella Board of Directors that has taken place, recognizing that four new directors have been added to the Casella Board since 2008. ISS noted:“The two most recent additions [William P Hulligan and James E O’Connor], both within the past year, appear to reflect the board’s commitment to chart a new course, in part, by adding credible industry expertise to the independent directors.”ISS also took note of the significant progress and momentum Casella has achieved in executing on its strategy, strengthening its management team, simplifying and streamlining its business, reducing its exposure to risk, improving its financial performance and positioning Casella for long-term growth and profitability. ISS noted that:“the current board appears to have made meaningful effort to put the company back onto a more promising path, including through reshuffling management, reassessing pricing structures, divesting underperforming assets, cost controls and focus on operational efficiency. Casella’s most recent financial results also appear to support the board’s assertions that its strategy is yielding improvements.”With respect to JCP’s proposed board candidates, ISS noted its concern that the JCP nominees may not bring to the Casella Board any perspectives not already present among the current members of the Casella Board and the risk that JCP’s proposed board candidates could have an adverse effect on the progress and momentum that Casella has achieved in executing on its strategy. As ISS recognized:“the risk of derailing the recent improvements overseen by the current board appears to outweigh the potential benefits of injecting additional, but potentially duplicative new perspective to the board.”Egan-Jones, one of the leading U.S. proxy advisory firms, has published a report recommending that Casella stockholders vote the WHITE proxy card FOR ALL three of Casella’s director-nominees – John W. Casella, William P. Hulligan and James E. O’Connor – standing for election at the 2015 Annual Meeting of Stockholders to be held on November 6, 2015. The Egan-Jones recommendation follows the recent recommendation of Institutional Shareholder Services Inc. (ISS), which also recommended that Casella stockholders vote the WHITE proxy card FOR ALL three of Casella’s director nominees.Another proxy advisor has offered the same advice. Proxy Mosaic, one of the leading US proxy research and corporate governance firms, has published a report recommending that Casella stockholders vote the WHITE proxy card FOR ALL three of Casella’s director-nominees.In its recommendation, Egan-Jones highlighted the following:Voting FOR management’s nominees and voting FOR management’s proposals on the WHITE proxy card is in the best interest of Casella and its stockholders;JCP has made an insufficient case to warrant the election of its nominees to Casella’s Board of Directors;Casella has continued to execute well against its key strategies and is driving improved financial performance; andCasella’s Board is composed of nine highly-qualified and experienced directors, seven of whom are independent, and boasts a broad and diverse set of skills and experiences in the areas of solid waste collection, recycling, disposal services, operations, accounting, finance, mergers and acquisitions, capital markets, capital allocation, capital structure, risk management, and strategic planning.Q3 2015 Financial ReportCasella reported its third quarter results for the period ended September 30, 2015 on October 23. Revenues and earnings were up and ahead of Wall Street analysts’ forecasts. Shares on October 28 were $6.14 and were trading at the high end of its 52-week range ($3.41 – $6.75).Highlights for the Three and Nine Months Ended September 30, 2015:Revenues were $146.2 million for the third quarter, up $4.3 million, or 3.0%, from the same period in 2014.  Revenues year-to-date were $406.5 million, up $14.1 million, or 3.6%, from the same period in 2014.Adjusted EBITDA* was $33.1 million for the third quarter, up $2.4 million, or 7.8%, from the same period in 2014.  Adjusted EBITDA year-to-date was $78.3 million, up $5.9 million, or 8.1%, from the same period in 2014.Operating income for the third quarter was $12.7 million, up $2.1 million, or 19.5%, from the same period in 2014.  Operating income year-to-date was $27.2 million, up $20.7 million, or 319.5%, from the same period in 2014.Free Cash Flow* for the third quarter was $0.8 million, up $7.0 million from the same period in 2014.  Free Cash Flow year-to-date was $11.6 million, up $19.8 million from the same period in 2014.Overall solid waste pricing for the third quarter was up 2.9%, mainly driven by strong residential and commercial collection pricing up 5.2%.“During our third quarter, we continued to execute well against our key strategies of increasing landfill returns, improving collection route profitability, creating incremental value through resource solutions, reducing financial and operational risks, and improving our balance sheet,” said John W. Casella, Chairman and CEO of Casella Waste Systems.  “I am pleased with the third quarter results and our continued improvement across our key operating and financial metrics.”“As a result, we continued to expand Adjusted EBITDA margins, up roughly 100 bps year-over-year, and we used positive free cash flow generated on a year-to-date basis to repay debt during the quarter,” Casella said.  “We repurchased and permanently retired $9.7 million of our 7.75% Senior Subordinated Notes due 2019 during the quarter, demonstrating our commitment to reduce leverage and accelerate free cash flow generation by retiring our highest cost debt.  With our continued cash flow growth and debt repayment during the third quarter, we reduced our consolidated leverage ratio as defined by our ABL Revolver to 4.98x as of September 30, 2015, down from 5.43x on March 31, 2015.” “From an operating standpoint, our solid waste pricing programs continued to gain traction in the quarter with overall solid waste pricing up 2.9%, driven by strong residential and commercial pricing up 5.2% and higher pricing in the disposal line-of-business, with our average landfill price per ton up 3.3%,” Casella said.  “These strong pricing gains were complemented by further improvements in our operating efficiency programs with our fleet and routing programs driving lower costs.”“We continued to have success implementing the Sustainability/Recycling Adjustment (“SRA”) fee to offset lower recycling commodity prices and driving higher returns in the recycling line-of-business,” Casella said.  “Through the third quarter we have rolled out the SRA fee to over 80% of our target collection customers.”Casella’s Board of Directors has issued a letter to its stockholders and a retort to JCP.The letter, which includes a WHITE proxy card, outlines the significant and decisive actions that Casella’s Board and management have taken to enhance Casella’s long-term prospects and best position Casella to create value for its stockholders, and recommends that stockholders vote on the WHITE proxy card FOR the election of all three of Casella’s highly qualified and very experienced nominees, John W Casella, William P Hulligan and James E O’Connor. Casella urges stockholders to promptly vote the WHITE proxy card via Internet, telephone or mail by following the instructions provided. The Board also urges stockholders to discard any gold proxy card or voting instruction form they may receive from the JCP Group.As previously disclosed, JCP Investment Management, LLC (James C Pappas majority owner) and the other participants in its solicitation (the “JCP Group”) have indicated that they intend to conduct a proxy contest and seek the election at the 2015 Annual Meeting of director candidates in opposition to “the highly qualified and very experienced nominees unanimously recommended by the Casella Board.”JCP, in its statement, blistered the existing Board and management by saying, in part, “In our view, Casella is deeply undervalued as a result of poor investment and operational decisions and a dual capital structure that has eroded shareholder rights and value.” It is putting up three candidates, as is Casella.In order for stockholders to have access to all relevant information concerning the 2015 Annual Meeting that Casella has made available, the company has developed a website focused on the 2015 Annual Meeting, which is accessible at www.casellashareholders.com(link is external)(link is external).last_img read more

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Shumlin launches Website dedicated to State of the State Address Jan 7

first_imgVermont Business Magazine Governor Peter Shumlin has launched a website dedicated to the State of the State Address that he will deliver on January 7, 2016. The website can be found atwww.2016stateofthestate.com(link is external). The site currently features information on the Governor’s five previous addresses to the legislature and statistics about the significant progress Vermont has made since Governor Shumlin came to office in January 2011.“Together, we have moved Vermont forward by growing jobs and economic opportunity, rebuilding Vermont’s infrastructure, enhancing Vermont’s education system, reforming Vermont’s criminal justice system, creating a cleaner energy economy, expanding access to health care while controlling costs, and much more,” Shumlin said. “I am so proud of the progress Vermont had made in the last five years. We live in a truly great state. I look forward to outlining an agenda that will make it even greater.”The site will be updated in the coming weeks with information about the Governor’s agenda for 2016.MONTPELIER – December 30, 2015 – Governor’s officelast_img read more

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Leahy bill to help preclearance operations for air, rail, marine and overland travel to Canada

first_imgVermont Business Magazine Vermont Senator Patrick Leahy on Tuesday led a bipartisan coalition of Senate and House legislators in introducing long-awaited legislation to facilitate travel and commerce between the United States and Canada, the largest U.S. trading partner.  The Promoting Travel, Commerce, and National Security Act paves the way for expansion of preclearance facilities, operated by U.S. Customs and Border Protection, at land, rail, marine and air ports of departure in Canada. The bill – unveiled days before the arrival next week of Prime Minister Justin Trudeau – was introduced in the Senate by Leahy (D-Vt.) and is cosponsored by Senators Lisa Murkowski (R-Alaska), Chuck Schumer (D-N.Y.), Ron Johnson (R-Wis.), Heidi Heitkamp (D-N.D.), Jeanne Shaheen (D-N.H.), Maria Cantwell (D-Wash.), Patty Murray (D-Wash.), and Kirsten Gillibrand (D-N.Y.).  Bipartisan companion legislation was introduced in the House of Representatives, led by Representatives Elise Stefanik (R-N.Y.) and Annie Kuster (D-N.H.).The United States currently operates preclearance facilities at 15 airports in six countries, including Canada.  These facilities allow travelers to pass through CBP inspections prior to traveling, expediting their arrival in the United States, and protecting national security by identifying individuals who represent a threat to U.S. national security before they depart foreign soil.  Under the new agreement, the United States will expand its preclearance operations in Canada, which will include rail preclearance facilities for the first time. The Leahy-authored legislation ensures that the U.S. has the legal authority to hold U.S. officials accountable if they engage in wrongdoing while stationed in Canada – a necessary prerequisite to full implementation of this agreement.Leahy, a longtime advocate for improving cross-border travel, said:  “In Vermont we look to our Canadian neighbors as partners in trade and commerce and as joint stewards of our shared communities.  Many Vermont families have members on both sides of the border.  This agreement has long been a dream for Vermonters who have fond memories of taking the train north to Montreal to enjoy all that this vibrant cultural hub offers.  It is also a win for visitors from Canada’s largest cities who love to come to Vermont to sightsee, ski, shop and dine.  This agreement will greatly benefit the Vermont and the U.S. economies.”   Approval of the legislation will advance discussions regarding the creation of a preclearance facility at Montreal’s Central Station, reestablishing train service between Vermont and Montreal, and is a step forward in improving the air service between Burlington International Airport and Toronto City Airport. The United States currently stations CBP officers in select locations in Canada to inspect passengers and cargo bound for the United States before they leave Canada.  These operations relieve congestion at U.S. airports, improve commerce, save money, and provide national security benefits.  Down the road, the bill also will help achieve the goal of restoring “Montrealer” passenger rail service between Vermont and Montreal.More background information can be found HERE(link is external), and Senator Leahy’s full statement can be found HERE(link is external).WASHINGTON (TUESDAY, March 1, 2016) – Vermont Senator Patrick Leahylast_img read more

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Norwich University concludes ROTC Centennial Symposium

first_imgVermont Business Magazine Norwich University hosted 12 generals and admirals, 40 classroom presentations, two keynote lectures and a moderated panel discussion last week to commemorate 100 years of Reserve Officers’ Training Corps and to discuss the future of the leader development program. As the birthplace of ROTC, Norwich University celebrated ROTC’s centennial anniversary with the “ROTC Centennial Symposium: Preparing the Next Generation Leaders in a Complex World” on April 21-23, 2016. The symposium brought over 150 VIPs to campus including representatives from the Australian and Macedonian attachés as well as the Canadian Military Service Academy, to debate, discuss and celebrate ROTC.·         General Mark A. Milley(link is external), 39th U.S. Army Chief of Staff, on April 21, 2016 at 7 p.m. in Kreitzberg Arena. GEN Milley presented “Leading Through Complexity(link is external),” the keynote address of the ROTC Centennial Symposium.·         Psychology of Leadership(link is external), a classroom conversation with Major General Peggy C. Combs(link is external).·         Air Force ROTC Development, a classroom conversation(link is external) with Brigadier General Paul H. Guemmer(link is external) Continuum, Deputy Chief of Staff, Strategic Plans and Programs Headquarters U.S. Air Force, the Pentagon, Washington, D.C.·         “Ethics and Leadership(link is external)”, a classroom conversation with General David G. Perkins(link is external), Commanding General, U.S. Army Training and Doctrine Command.·         “Preparing for the Next Century of ROTC(link is external)”, a panel discussion moderated by Tom Bowman(link is external), National Public Radio Pentagon Reporter·         Lieutenant General H.R. McMaster(link is external), Director, Army Capabilities Integration Center and Deputy Commanding General, Futures, U.S. Army Training and Doctrine Command, closing keynote address(link is external).SEE VIDEOS BELOWThe symposium kicked off on Thursday, April 21, at the Vermont Statehouse with a morning event and reading of a State of Vermont proclamation by Governor Peter Shumlin and a Joint House and Senate resolution marking the milestone. That evening U.S. Army Chief of Staff General Mark Milley delivered a keynote Todd Lecture(link is external) at 7 p.m. entitled, “Leading Through Complexity.”On Friday, April 22, a number of other high ranking military and business leaders engaged in classroom conversations and roundtable discussions.  An afternoon panel discussion addressed “Preparing for the Next Century of ROTC,” which was moderated by Tom Bowman, Pentagon Reporter for National Public Radio. Friday evening, the symposium concluded with a keynote by Lt. General H.R. McMaster, a leading military futurist.On Saturday, April 23, 200 people participated at Norwich in a world-wide synchronized 5K fun run, in partnership with JROTC. The top JROTC runners received tuition scholarships to Norwich’s Future Leader Camp(link is external).“After three days of hosting so many leaders from both the military and private industry, the Norwich community, and indeed the state of Vermont, can be proud that the institution of ROTC – a leadership development program responsible for producing over 70 percent of officers in the U.S. military – started right here at Norwich University,” President Richard W. Schneider said. “This symposium achieved the goal of connecting current ROTC students to high level members of the Armed Forces to discuss the future direction of this critical program.”Norwich University is a diversified academic institution that educates traditional-age students and adults in a Corps of Cadets and as civilians. Norwich offers a broad selection of traditional and distance-learning programs culminating in Baccalaureate and Graduate Degrees. Norwich University was founded in 1819 by Captain Alden Partridge of the U.S. Army and is the oldest private military college in the United States of America. Norwich is one of our nation’s six senior military colleges and the birthplace of the Reserve Officers’ Training Corps (ROTC). www.norwich.edu(link is external)In fulfillment of Norwich’s mission to train and educate today’s students to be tomorrow’s global leaders and captains of industry, the Forging the Future campaign is committed to creating the best possible learning environment through state-of-the-art academics and world-class facilities. Norwich University will celebrate its bicentennial in 2019. Learn more about the campaign and how to participate in the “Year of Transformation” here: bicentennial.norwich.edu(link is external).last_img read more

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Norwich, VSAC team up on science and technology scholarships for Vermont students

first_imgNorwich University,Vermont Student Assistance Corporation,Vermnt Business Magazine Norwich University is partnering with the Vermont Student Assistance Corporation (VSAC) to offer science, technology, engineering and mathematics (STEM) scholarships for qualified Vermont students beginning this fall. Students identified by school representatives, including VSAC GEAR UP(link is external) and Talent Search(link is external) representatives within each high school, will be eligible to apply for this premier scholarship, which ranges from $25,000-$30,000 a year for each of four years. Norwich University will award up to 30 STEM scholarships annually to qualified students. Students will also have access to need-based financial aid that can supplement scholarship awards.The program and partnership with VSAC is designed to increase college enrollment for Vermont students. While Vermont has one of the highest high school graduation rates at 87.8 percent, postsecondary enrollment is reported as some of the lowest in the country at approximately 60 percent.“The statistics show that the students who do not attain postsecondary education fall heavily into the lower-income, first-generation group,” Norwich University Vice President for Enrollment Management Greg Matthews said. “I think the reason these students do not attain is that colleges and universities haven’t provided the guidance and financial support required.“VSAC as a partner is in all of the high schools with GEAR UP and Talent Search counselors. They are serving to introduce Norwich, assist with students visiting Norwich, and helping those students to access other resources afterward, while they are competing for STEM scholarships. Ideally, these students will go to Norwich, receive funding to afford Norwich, and get good-paying jobs in the high tech industries in Vermont so that Vermont is better positioned to retain its young talent.”“Norwich University is really stepping up to address not only the issue of making a university education accessible to Vermonters but also of creating the paths to keeping highly technical and educated Vermonters in state,” VSAC President and CEO Scott Giles said.In order to qualify, students must apply and be accepted to Norwich University in one of the following majors: Engineering (Civil, Construction Management, Electrical and Computer or Mechanical); Architecture (with a Master’s option that leads to licensure); Computer Security and Information Assurance; Computer Science; Biological Sciences (Biology, Exercise Science, Biochemistry); Chemistry; Physics or Mathematics.Ninety-six percent of recent graduates from these majors have gone onto graduate school, employment or military service within eight months of graduation.“Our graduates from these programs are leading satisfying and successful careers,” Matthews said.Norwich was one of the first colleges in the country to teach engineering(link is external) and boasts a world-class cybersecurity education(link is external) program. The Norwich School of Architecture + Art(link is external) is the only accredited architecture school in northern New England, and undergraduate research(link is external) in the sciences and across disciplines has grown rapidly in the past 10 years.In addition to being admitted to Norwich University, students will need to:·         Complete the Norwich/VSAC scholarship application.·         Visit Norwich University as part of a VSAC organized visit or by arrangement with the Norwich University Admission office.·         Interview with a Norwich STEM Scholarship Representative.GPA requirements for these scholarships begin at 3.3 on a 4.0 point scale, but exceptions may be made for students who are on an upward trend and are recommended by their Guidance Counselors, VSAC Counselors, Gear Up Counselors, or Talent Search Counselors.“We are especially interested in students who like to learn while doing because of Norwich University’s highly interactive and experiential learning environment,” Matthews said. For more information contact: VP for Enrollment Management Greg Matthews at 802-485-2741 or [email protected](link sends e-mail) or Director of Student Financial Planning Martin Daniels at [email protected](link sends e-mail).Norwich University is a diversified academic institution that educates traditional-age students and adults in a Corps of Cadets and as civilians. Norwich offers a broad selection of traditional and distance-learning programs culminating in Baccalaureate and Graduate Degrees. Norwich University was founded in 1819 by Captain Alden Partridge of the U.S. Army and is the oldest private military college in the United States of America. Norwich is one of our nation’s six senior military colleges and the birthplace of the Reserve Officers’ Training Corps (ROTC). www.norwich.edu(link is external)In fulfillment of Norwich’s mission to train and educate today’s students to be tomorrow’s global leaders and captains of industry, the Forging the Future campaign is committed to creating the best possible learning environment through state-of-the-art academics and world-class facilities. Norwich University will celebrate its bicentennial in 2019. Learn more about the campaign and how to participate in the “Year of Transformation” here: bicentennial.norwich.edu(link is external).last_img read more

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Vermont to host meeting to highlight updates to regional carbon market program Nov 29

first_imgVermont Business Magazine An informational meeting covering proposed updates to the Regional Greenhouse Gas Initiative (RGGI) program will be held on Tuesday, November 29, 2016 for Vermont businesses and organizations. The meeting will be a follow-up to a regional webinar(link is external) being held on November 21 for all participating states. The Regional Greenhouse Gas Initiative (RGGI) is the first mandatory market-based program in the United States to reduce greenhouse gas emissions. States participating in the program establish a regional cap on annual carbon emissions allowable from the power sector, and require power plants to purchase and trade units of carbon emissions so that the regional cap is met. Participating states include Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, Rhode Island, and Vermont.The Vermont Agency of Natural Resources and the Public Service Board will hold the meeting on November 29 to brief stakeholders on the status of the 2016 RGGI program review, and to receive comment on Vermont-specific elements of the program.The meeting will also cover the anticipated schedule for release of the final proposed RGGI Model Rule and the schedule for state rulemaking.Stakeholders will be invited to provide comments on the state-specific elements of the RGGI program. Comments on non-state specific elements of the program should be submitted directly to RGGI, Inc. at [email protected](link sends e-mail).The meeting time and location are as follows:WHEN: Tuesday, November 29, 2016 at 9am-11amWHERE: Catamount Conference Room, Agency of Natural Resources Offices at 1 National Life Drive, Davis Building, Montpelier, Vt.Due to building security rules, please notify [email protected](link sends e-mail) in advance if you plan to attend.For more information about the 2016 RGGI Program Review, visit: https://www.rggi.org/design/2016-program-review(link is external)To register for the RGGI Program Review Stakeholder Webinar on November 21, go to: https://cc.readytalk.com/registration/#/?meeting=27zlkelu2k67&campaign=wkq10v7mg2fv(link is external)last_img read more

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