Northstar Vermont Yankee,Entergy Corporation announced today that a process is under way to explore the potential sale of Vermont Yankee, its 605-megawatt nuclear plant in Vernon, Vermont.The sale process is being conducted on a confidential basis and no additional details will be released at this time, an Entergy statement said. While no decision has been made to sell the plant, the company expects interest from multiple parties. Entergy shares were up more than a point this morning to $75.70.Central Vermont Public Service spokesperson Steve Costello said in regards to the Entergy announcement, “We’ve continued to talk with them about a possible contract, and have said that so long as there is any hope that the plant can be relicensed and we can create value for Vermonters, we’ll continue to do so. We will certainly be interested to see their progress. Given our confidentiality agreement regarding our negotiations, I can’t add much else, except to say that if it can be shown that the plant can be operated safely, we continue to hope to have it as an option given the jobs and taxes it provides and the possibility of a favorable power contract for Vermont.”Green Mountain Power Corp spokesperson Dorothy Schnure said, “If the plant is sold, and of course deemed safe and reliable, we would support relicensing if there is a meaningful power purchase agreement for Vermont. We have been working hard on a meaningful PPA for Vermont and will continue to do so, but at this point there is nothing to report.”CVPS is the largest electric utility in the state. GMP is the second largest.The Vermont Yankee nuclear power plant has been in the news often over the last few years. It has filed an application to extend its license 20 years beyond its original term ending in 2010. That request suffered a serious blow when it was revealed by Vermont Yankee last January that a radioactive substance, tritium, had been leaking from an underground pipe. Plant officials previously had said there were not any underground pipes carrying radioactive materials. In large part because of the leak and the unreliable information coming from the plant, the Vermont Legislature voted earlier this year to deny that license extension.While the Legislature could revisit that issue, Governor-Elect Peter Shumlin led the fight against the relicensing as Senate president pro tem.The company previously had successfully got state and federal approval to increase the power output of the plant and allow for onsite storage of spent, radioactive fuel rods. Much of the goodwill the plant had developed was lost, however, when part of a cooling tower collapsed in 2007. While there was no leakage of radioactive material involved, it gave relicensing opponents evidence that the plant was not safe enough to continue to operate.The Entergy statement said the plant has an outstanding operational record. It completed 532 days of continuous operation in April 2010, the second breaker-to-breaker run in the last five years. The record run for the plant is 547 days, which ended in 2007.‘Our motivation for exploring the sale of the plant is simple ‘ we want to do whatever is in the best interest of our stakeholders, including the approximately 650 men and women who work at the plant,’ said J. Wayne Leonard, Entergy’s chairman and chief executive officer. ‘At the same time, we have been successfully resolving any issues to secure Nuclear Regulatory Commission approval for a license extension at the plant, and we have been in negotiations with the local electric companies to finalize a long-term power purchase agreement to ensure the continued output of clean and reliable energy for Vermont utilities.‘We will aggressively negotiate with potential buyers for extension of employment to all current employees as a condition of any sale.’Entergy acquired the plant from Vermont Yankee Nuclear Power Corporation in 2002, for $180 million.Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $10 billion and more than 15,000 employees.Source: Entergy Corporation. (NYSE: ETR) New Orleans, La. ‘ 11.4.2010 www.entergy.com/investor_relations(link is external)
Changes to the Rules of Criminal Procedure Changes to the Rules of Criminal Procedure October 1, 2005 telephone Regular News The Florida Supreme Court’s Criminal Court Steering Committee has submitted to the Court a report proposing amendments to Florida Rule of Criminal Procedure 3.851, Collateral Relief After Death Sentence Has Been Imposed and Affirmed on Direct Appeal. The committee also proposes new Florida Rule of Criminal Procedure 3.590(b), Time for Filing [Motions for New Trial or for New Penalty Phase] in Capital Cases Where the Death Penalty is an Issue. The Court invites all interested persons to comment on the committee’s proposals, which are reproduced in full below, as well as online at www.floridasupremecourt.org/decisions/proposed.shtml. An original and nine paper copies of all comments must be filed with the Court on or before November 1, with a certificate of service verifying that a copy has been served on the committee chair, Judge O.H. Eaton, Jr., 101 Bush Boulevard, Sanford 32773, as well as a separate request for oral argument if the person filing the comment wishes to participate in oral argument, which may be scheduled in this case. Electronic copies of all comments also must be filed in accordance with the Court’s Administrative Order In Re: Mandatory Submission of Electronic Copies of Documents, Fla. Admin. Order No. AOSC04-84 (Sept. 13, 2004). IN THE SUPREME COURT OF FLORIDA IN RE: AMENDMENTS TO FLORIDA RULES OF CRIMINAL PROCEDURE 3.851 AND 3.590, CASE NO. SC05-1165 Rule 3.590. Time for and Method of Making Motions; Procedure; Custody Pending Hearing (a) Time for Filing in Noncapital Cases. A motion for new trial or in arrest of judgment, or both, in cases in which the state does not seek the death penalty, may be made within 10 days after the rendition of the verdict or the finding of the court. A timely motion may be amended to state new grounds without leave of court prior to expiration of the 10-day period and in the discretion of the court at any other time before the motion is determined. (b) Time for Filing in Capital Cases Where the Death Penalty is an Issue. A motion for new trial or in arrest of judgment, or both, or for a new penalty phase hearing may be made (1) within ten days after the jury returns a penalty recommendation in the penalty phase or (2) if there is no jury, within ten days after all of the penalty phase evidence has been presented to the court. The motion may address grounds which arose in the guilt phase and the penalty phase of the trial. Separate motions for the guilt phase and the penalty phase may be filed. The court may extend the time for filing these motions until ten days after sentence is pronounced on its own motion or on motion of either party. The motion or motions may be amended without leave of court prior to the expiration of the ten day period, and, in the discretion of the court, at any other time before the motion is determined. (b) (c) Oral Motions. When the defendant has been found guilty by a jury or by the court, the motion may be dictated into the record, if a court reporter is present, and may be argued immediately after the return of the verdict or the finding of the court. The court may immediately rule on the motion. (c) (d) Written Motions. The motion may be in writing, filed with the clerk; it shall state the grounds on which it is based. A copy of a written motion shall be served on the prosecuting attorney. When the court sets a time for the hearing thereon, the clerk may notify counsel for the respective parties or the attorney for the defendant may serve notice of hearing on the prosecuting officer. ( d) (e) Custody Pending Motion. Until the motion is disposed of, a defendant who is not already at liberty on bail shall remain in custody and not be allowed liberty on bail unless the court on good cause shown (if the offense for which the defendant is convicted is bailable) permits the defendant to be released on bail until the motion is disposed of. If the defendant is already at liberty on bail that is deemed by the court to be good and sufficient, it may permit the defendant to continue at large on such bail until the motion for new trial is heard and disposed of. Committee Notes (No Change) Court Commentary 2005 Amendment. This amendment provides the time limitations and procedures for moving for new trial, arrest of judgment or a new penalty phase in capital cases in which the death penalty is an issue. The motions must be made (1) within ten days after the jury returns a penalty recommendation, (2) within ten days after all of the penalty phase evidence has been presented to the court sitting without a jury, and (3) it provides the presiding judge with the discretion to allow the filing of these motions ten days after pronouncement of sentence. Rule 3.851. Collateral Relief After Death Sentence Has Been Imposed And Affirmed On Direct Appeal (a) Scope. This rule shall apply to all motions and petitions for any type of postconviction or collateral relief brought by a prisoner in state custody who has been sentenced to death and whose conviction and death sentence have been affirmed on direct appeal. It shall apply to all postconviction motions filed on or after October 1, 2001 . , by prisoners who are under sentence of death. Motions pending on that date are governed by the version of this rule in effect immediately prior to that date. (b) Appointment of Postconviction Counsel. (1) Upon the issuance of the mandate affirming a judgment and sentence of death on direct appeal, the Supreme Court of Florida shall at the same time issue an order appointing the appropriate office of the Capital Collateral Regional Counsel . or direct the trial court to immediately appoint counsel from the Registry of Attorneys maintained by the Commission on Capital Cases. The name of Registry Counsel shall be filed with the Supreme Court of Florida. (2) Within 30 days of the issuance of the mandate, the Capital Collateral Regional Counsel , or Registry Counsel, shall file a notice of appearance in the trial court or a motion to withdraw based on a conflict of interest or some other legal ground. Motions to withdraw filed more than 30 days after the issuance of the mandate shall not be entertained unless based on a specific conflict of interest as set forth in section 27.703, Florida Statutes. (3) Within 15 days after Capital Collateral Regional Counsel , or Registry counsel, files a motion to withdraw, the chief judge or assigned judge shall rule on the motion and appoint new postconviction counsel if necessary. The appointment of new collateral counsel shall be from the Registry of attorneys maintained by the Commission on Capital Cases unless the case is administratively transferred to another Capital Collateral Regional Counsel. (c) Preliminary Procedures. (1)(No Change) (2) Status Conferences. The assigned judge shall conduct a status hearing conference not later than 90 days after the judicial assignment, and shall hold status conferences at least every 90 days thereafter until the evidentiary hearing has been completed or the motion has been ruled on without a hearing. The attorneys, with leave of the trial court, may appear by telephone electronically at such the status conferences. Such requests Requests to appear electronically shall be liberally granted. Pending motions, disputes involving public records, or any other matters ordered by the court shall be heard at the status conferences. (3) – (4) (No Change) (d) Time Limitation. (1) Any motion to vacate judgment of conviction and sentence of death shall be filed by the prisoner within 1 year after the judgment and sentence become becomes final. For the purposes of this rule, a judgment is final: (A) – (B) (No Change) (2) No motion shall be filed or considered pursuant to this rule if filed beyond the time limitation provided in subdivision (d)(1) unless it alleges : that (A) the facts on which the claim is predicated were unknown to the movant or the movant’s attorney and could not have been ascertained by the exercise of due diligence, or (B) the fundamental constitutional right asserted was not established within the period provided for in subdivision (d)(1) and has been held to apply retroactively, or (C) postconviction counsel, through neglect, failed to file the motion. (3) All petitions for extraordinary relief in which the Supreme Court of Florida has original jurisdiction, including petitions for writ writs of habeas corpus, shall be filed simultaneously with the initial brief filed on behalf of the death-sentenced prisoner in the appeal of the circuit court’s order on the initial motion for postconviction relief filed under this rule. (4) – (5) (No Change) (e) Contents of Motion. (1) Initial Motion. A motion filed under this rule is an initial postconviction motion if no state court has previously ruled on a postconviction motion challenging the same judgment and sentence. An initial motion and memorandum of law filed under this rule shall not exceed 75 pages exclusive of the attachments. Attachments shall include , but are not limited to , the judgment and sentence. The memorandum of law shall set forth the applicable case law supporting the granting of relief as to each separately pled claim. This rule does not authorize relief based upon claims that could have or should have been raised at trial and, if properly preserved, on direct appeal of the judgment and sentence. As to If claims that were raised on appeal or should have or could have been raised on appeal are contained in the motion, the memorandum of law shall contain a brief statement as to explaining why these claims are being raised on postconviction relief. The motion shall be under oath and shall include: (A) a statement specifying description of the judgment and sentence under attack and the name of the court that rendered the same; (B) – (E) (No Change) The memorandum of law shall set forth the applicable case law supporting the granting of relief as to each separately pled claim. As to claims that were raised on appeal or should have or could have been raised on appeal, the memorandum shall contain a brief statement as to why these claims are being raised on postconviction relief. (2) (No Change) (f) Procedure; Evidentiary Hearing; Disposition. (1) (No Change) (2) Duty of Clerk. Upon the filing of a motion for postconviction relief, the clerk of the trial court shall immediately forward the motion and file to the assigned judge. A motion filed under this rule shall be immediately delivered to the chief judge or the assigned judge along with the court file. (3) Answer. (A) Answer To Initial Motion to the initial motion. Within 60 days of the filing of an initial motion, the state shall file its answer. The answer and accompanying memorandum of law shall not exceed 75 pages, exclusive of attachments and exhibits. The answer shall address the legal insufficiency of any claim in the motion, respond to the allegations of the motion, and address any procedural bars. As to any claims of legal insufficiency or procedural bar, the state shall include a short statement of any applicable case law. (B) Answer To Successive Motion to a successive motion. Within 20 days of the filing of a successive motion, the state shall file its answer. The answer shall not exceed 25 pages, exclusive of attachments and exhibits. The answer shall specifically respond to each claim in the motion and state the reason(s) that an evidentiary hearing is or is not required. (4) (No Change) (5) Case Management Conference; Evidentiary Hearing. (A) Initial Postconviction Motion. No later than 90 days after the state files its answer to an initial motion, the trial court shall hold a case management conference. At the case management conference, both parties shall disclose all documentary exhibits that they intend to offer at the evidentiary hearing, provide an exhibit list of all such exhibits, and exchange a witness list with the names and addresses of any potential witnesses. All expert witnesses shall be so specifically designated on the witness list, and copies of all expert reports shall be attached. At the case management conference, the trial court shall: (i) – (iii) (No Change) (B) – (D) (No Change) (6) – (7) (No Change) (g) – (h) (No Change) (i). Dismissal of Postconviction Proceedings. (1) A prisoner under sentence of death in this state, through counsel or pro se, may file a motion to discharge counsel and to dismiss pending postconviction proceedings. (2) The assigned judge shall review the motion and schedule it for hearing. The prisoner shall be present at the hearing. (3) The trial judge shall examine the prisoner at the hearing and, if it appears the prisoner is incompetent, shall order the prisoner to be examined by not fewer than two nor more than three qualified experts, who shall file reports with the court setting forth their findings. Thereafter, the court shall conduct an evidentiary hearing and enter an order setting forth findings of competency or incompetency. (4) The trial court shall not proceed if the defendant is found to be incompetent. (5) If the prisoner is found to be competent, the court shall conduct a complete (Durocher/Faretta)inquiry to determine whether the prisoner knowingly, freely and voluntarily wants to discharge counsel and dismiss pending post conviction proceedings. (6) If the court determines that the prisoner has made the decision to knowingly, freely and voluntarily discharge collateral counsel, the court shall enter an order discharging counsel and dismissing all post conviction proceedings. (7) A copy of the motion, the order, and the transcript of the hearing or hearings conducted on the motion shall be forwarded to the Clerk of the Supreme Court of Florida within thirty days. Court Commentary 2005 Amendment. The amendments provide for the appointment of Registry Counsel in areas of the state that are not served by a Capital Collateral Representative Counsel. Counsel are allowed to appear at hearings electronically to authorize both telephonic and video appearances.
2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Bob Saunders Bob is a founding partner of Momentum (www.momentumbuilds.com), which is a national provider of strategic facilities services to the financial industry, as well as higher education. Strategic operations … Web: www.momentumbuilds.com Details About half of U.S. construction is going green.Sustainable or ‘green’ design is one of the most influential factors to impact the design and construction industry – some say that even reinforced concrete and structural steel pale in comparison. But make no mistake, green buildings aren’t just for those concerned with environmental awareness. In fact, green buildings currently comprise 48% of all commercial and institutional construction in the U.S., with nearly 3.6 billion square feet of building space achieving LEED-certification. Considering that the LEED rating system didn’t exist until 2000, this is quite an impressive set of statistics.What is LEED-certification?LEED stands for Leadership in Energy and Environmental Design and is a set of universal best practices and guidelines pertaining to sustainable design and green buildings, including a green building certification program. Owners, architects, and construction managers seek LEED-certification to ensure that their facilities conform to a rigorous set of planning, design, construction, and operational standards. While achieving LEED-certification is not a simple endeavor, it serves as a great tool in ensuring that you are making the most of your membership’s investment.It gives a competitive advantage.The AIA (American Institute of Architects) links sustainable design to ‘the creation of communities, buildings and products that contribute to the enduring prosperity of all living things.’ If you think about it, you apply similar principles every day as you manage your credit union – striving for consistent, measurable growth and long-term success. Why not apply a similar approach to the ownership and operation of your facilities? After all, your facilities should reflect your core values. Sustainably designed facilities will not only help you stand out from the crowd, but as a community leader, you’re entrusted to be the guardian of your organization’s resources and a responsible building owner as well. We feel confident in stating that ignoring sustainable design can be short-sighted and even ill-advised.Benefits gained:Leading edge design and deployment tacticsFacilities are less expensive to maintain and operateMore effective use of land and local natural resourcesHealthier, cleaner, more productive work environmentIncreased social capital and community awarenessAligning member needs.For a credit union, perhaps more relevant is how sustainable design can align directly with the people helping people philosophy. Members already appreciate the fact you’re diligent and prudent in managing their money. When you integrate this way of thinking into the design and management of your facilities, the social capital that you can gain is significant. Plus, you’ll have an effective and efficient facility that not only looks good, but provides a healthy work environment for staff and members, and outpaces the average facility in terms of life cycle performance and energy consumption.View the seven reasons for sustainable design. Continue reading about how sustainable design is impacting Momentum. See the full article on Momentum’s website.
9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Bitcoin was once viewed as a promising alternative to the US dollar and other fiat currencies that are controlled by federal governments or national banks. Bitcoin was appealing and newsworthy because it offers near real-time transfer of value (compared to 1-3 days for a bank settlement), anonymity, and virtually free transactions versus credit card merchant charges of 1-3%.Bitcoin: The good old daysIn its first few years starting from when Bitcoins were first minted (or mined in Bitcoin parlance) in January 2009, the currency had limited practical use, limited to transfer between Bitcoin miners and a few computer geeks. Bitcoin ATMs, which allowed individuals to insert dollars in exchange for a piece of paper – the digital representation of a Bitcoin wallet – began to appear. Robocoin, the first ATM vendor of its kind, installed early Bitcoin ATMs in Vancouver and Austin, starting in October 2013. This allowed non-miners to exchange real currency for Bitcoin currency and participate in the promise of a global currency that knew no international boundaries, had no exchange fees, and could be used universally around the world.It could be argued that December 2014 was the peak of merchant acceptance of Bitcoin, a major component of that promise. Bitpay, a startup that enabled merchants, including brick and mortar stores, to accept Bitcoin, purchased the rights to rename the St. Petersburg Bowl, an annual NCAA college football postseason game played in St. Petersburg, Florida, to the Bitcoin Bowl. Leading up to the game, Bitpay enabled many local merchants in downtown St. Petersburg and around the stadium to accept Bitcoin. Several Bitcoin ATM vendors also stepped in and installed Bitcoin ATMs. continue reading »
Istria wants to develop tourism in a sustainable and responsible way, respecting environmental, economic and social aspects. These goals are contained in the Strategy for the Development of Croatian Tourism until 2020, in the Master Plan for the Development of Tourism in Istria until 2025 and in the Work Program of the Administrative Department for Tourism of the County of Istria. The aim of the call is therefore to include in the project those private renters who want to adapt their facilities and services and offer them to guests in a responsible and sustainable way.It was published on the website of the Istrian County Public call for inclusion in the certification program for Eco-friendly accommodation in Istria. By diversifying private accommodation, we want to attract ecologically aware guests who adhere to ecological principles in everyday life, and in the destination where they spend their vacation, they prefer to choose accommodation in which such principles are also respected and nurtured.The Eco Domus program is intended for small tourist accommodation facilities that are categorized as holiday homes or as apartments with a total capacity of up to 30 beds, which are registered for year-round business and are engaged in renting for at least 2 years. “By diversifying private accommodation, we want to attract ecologically aware guests who adhere to ecological principles in everyday life, and in the destination where they spend their vacation, they prefer to choose accommodation in which such principles are also respected and nurtured. A survey conducted by Booking.com earlier this year on a sample of over 12.000 respondents worldwide confirms that awareness of environmentally friendly accommodation options is growing as travelers around the world seek environmentally friendly accommodation and additional costs are not a problem if their trip is sustainable.“Point out the Administrative Department for Tourism of the Istrian County.Last year’s public call was submitted by 13 landlords who were provided with free advisory services on the adaptation of their facility to obtain the eco-label, and after evaluating all applications received, 11 facilities were selected that met the criteria, namely: Villa Baldaši from Baldaši (Vižinada), Villa Milica from Šajini (Barban), Villa Ladonja from Manjadvorci (Barban), Apartment Margerita from Bezjaki (St. Peter in the Forest), House Una from Kranjčići (Svetvinčenat), Villa Dubravka from Pinezići (Tinjan) ), Agrotourism Ograde from Katun Lindarski (Pazin), Villa Marten from Brajkovići (Kanfanar), Apartment Oliveto from Medulin, Villa Dolce Vita from Motovun and Villa Gašparini from Cerion (Višnjan).Selected candidates will be provided with free professional advisory services for adjusting their accommodation to the criteria of the Eco-friendly accommodation certification program in Istria ( certificate award criteria ), and for more information on Eco Domus, see hereSide dish: Public call for inclusion in the EcoDomus project
Metro Sport ReporterThursday 27 Aug 2020 12:29 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link4.8kShares Arsenal ready to submit offer for Amadou Diawara as Mikel Arteta seeks Lucas Torreira upgrade Lucas Torreira has struggled to win his place back in the Arsenal starting XI after recovering from an ankle injury (Picture: Getty)The Uruguay international, who is also interesting the likes of Fiorentina and AC Milan, featured prominently during the early part of Arteta’s reign but struggled to win his place back after recovering from an ankle injury.Roma, themselves, are interested in signing the 24-year-old and, according to Corriere dello Sport, would be willing to entertain the possibility of a swap deal involving the combative Diawara who impressed last season following his move from Napoli. More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalArsenal enjoy cordial relations with Roma after the two clubs reached a mutually beneficial agreement recently over the deal which saw Henrikh Mkhitaryan effectively rip up the remainder of his Gunners contract and join the Serie A side on a permanent basis. Ghana international Partey had been Arsenal’s first choice to bolster their midfield but are not in a position to activate his £50m release clause and the 27-year-old now looks likely to sign a new contract. MORE: Arsenal to announce Gabriel Magalhaes transfer after defender signs five-year contractMORE: Gareth Southgate explains decision not to include Arsenal’s Bukayo Saka in England senior squadFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page. Advertisement Mikel Arteta is hoping to overhaul Arsenal’s midfield this summer (Picture: Getty)Arsenal are preparing to tempt Roma with an opening £27million bid for midfielder Amadou Diawara after abandoning their pursuit of Atletico Madrid’s Thomas Partey.Mikel Arteta has largely focused his efforts so far this summer on strengthening his defence. After securing new deals for Pablo Mari, Cedric Soares and David Luiz, Arsenal are preparing to announce the signing of Gabriel Magalhaes from Lille imminently. With captain and star striker Pierre-Emerick Aubameyang set to commit his future to the club, Arteta’s most pressing concern now centres on bolstering his central midfield.With Mateo Guendouzi still in exile and Dani Ceballos back at Real Madrid after a successful loan spell in north London, Granit Xhaka represents the only senior and in favour midfielder available to Arteta ahead of Saturday’s Community Shield against Liverpool at Wembley. AdvertisementAdvertisementADVERTISEMENTTorreira shone during his first season at Arsenal following his £24million move from Sampdoria but struggled when Unai Emery deployed him in a more attacking role at the start of last term. Advertisement Comment
The UK’s largest public pension fund sold 10% of its equity exposure in December as part of an ongoing risk-reduction exercise.The £21.2bn (€23.7bn) Strathclyde Pension Fund cut more than £1bn from a passive equity mandate run by Legal & General Investment Management during the month, according to an investment strategy report presented to the fund’s trustees on 28 February.Strathclyde director Richard McIndoe’s report laid out plans to reduce the scheme’s equity exposure to 52.5% of the portfolio, rebalancing in favour of its short-term and long-term “enhanced yield” allocations. December’s activity meant Strathclyde finished 2017 with 57.5% of its portfolio weighted to equities. The pension fund – for council workers in and around Glasgow, Scotland – began reducing its stock market exposure last year after an actuarial valuation showed it to be 105% funded as of 31 March 2017. The scheme generated a return of 12.5% a year in the three-year period to this date.It is moving to a broadly diversified strategy including private debt, emerging market debt, global credit and UK infrastructure, the latter with a focus on renewable energy. McIndoe said the fund planned to retain its target allocations for private equity and the direct investment portfolio, meaning the strategies would become a larger part of the overall equity portfolio.Rebalancing favours credit, EMD, infrastructureManagers including Barings, Oak Hill, Ashmore and DTZ stood to benefit from the shift, the strategy report said.Barings and Oak Hill were to receive £420m between them, the report said, for additional investments into existing multi-asset credit strategies. Ashmore stood to receive £210m to invest in emerging market debt. These allocations are part of Strathclyde’s “short-term enhanced yield” silo.In the “long-term enhanced yield” silo – designed to provide inflation protection as well as income – the scheme planned to invest 2.5% of the portfolio with global infrastructure managers.“In the first instance this should look at open-ended pooled funds as these can achieve fairly rapid deployment of capital, good visibility of existing assets and a stable long-term allocation with the option of some liquidity,” the report said.“Consideration should then be given to closed-ended funds which could provide a long-term yield, and a more specific focus on individual market segments in addition to core holdings.”The current allocation shift is scheduled to be implemented by 2020. Under Strathclyde’s longer-term plan, yet to be formally agreed, it could shift its equity allocation down further to 42.5% and then 32.5%.
The home has a unique, glass wine cellar.Graya Construction also renovated the property next door at 29 Rockbourne Tce, which sold in October for $2.99 million.Mr Wakely said the appetite for high end, residential property in Brisbane was stronger than ever. This house at 33 Rockbourne Tce, Paddington, has sold for $3m.It was the first time Mr Wakely had taken a buyer through the property — and the first time he had seen inside it himself as it had previously been listed with another agent.The brand new home was built on an elevated corner block only 5km from Brisbane’s CBD. One of the bathrooms in the home at 33 Rockbourne Tce. Inside the home at 33 Rockbourne Tce.More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours agoNamed ‘Woodrock’, the five-bedroom, three-bathroom property has multiple living spaces separated by a landscaped terrace.The Graya brothers, Rob and Andrew Gray, commissioned award-winning Brisbane-based architect Tim Stewart to design the house. MORE: A window to make a splash The kitchen at the home at 33 Rockbourne Tce, Paddington.Features include a striking swimming pool with glass feature window, outdoor dining area with double-height ceiling, built-in barbecue, glass wine cellar, polished concrete floors and marble benchtops.“It’s one of the best houses in Brisbane and they’re lucky people to get to live in it,” Mr Wakely said. “It’s definitely a head turner.” Solani and Liam Jooste with Rob Gray of Graya Construction in the swimming pool at 33 Rockbourne Tce, which has sold for $3m. Picture: Jamie Hanson.ONE of the most talked about homes in Brisbane — with arguably the best swimming pool in the city — has sold for $3 million to a family who opened the cheque book after just one inspection.The luxury Paddington property at 33 Rockbourne Tce has been turning heads since it was built by the dynamic brother duo, Graya Constructions, last year. RELATED: Meet the home turning heads Rob and Andrew Gray during the construction of the house at 33 Rockbourne Tce, Paddington. Photo: Lyndon Mechielsen.“I’m getting calls every day since 2019 started from expats and buyers from Sydney, Melbourne, Noosa,” he said.“There are a lot of people moving to Brisbane because we haven’t seen the growth Sydney and Melbourne have, so people are looking to Brisbane as the next hot spot to see growth.”Paddington is a high demand suburb with a median house price of $1.15 million, according to the latest CoreLogic figures. ‘Woodrock’ at 33 Rockbourne Tce, Paddington, was architecturally designed by Tim Stewart.Selling agent Ben Wakely of Urban Property Agents recently acquired the listing and managed to sell it to a young family relocating from the Gold Coast who had originally inquired by another property on Mr Wakely’s books, which was no longer available.“I told them about Rockbourne, which I’d just signed up, took them through and within 20 minutes, they knew it was the house for them,” Mr Wakely said.
Energinet has commenced the feasibility studies for the Thor offshore wind farm in the Danish North Sea.Preliminary investigations start immediately, while the first vessels will begin working on the project site after the summer holidays, the Danish transmission system operator said.Energinet’s Board of Directors decided that approximately DKK 180 million (some EUR 24 million) will be used on the investigations.According to Chairman of the Board Lars Barfoed, it is important that thorough feasibility studies are conducted to make sure Denmark receives the best and most competitive bids for constructing and operating the project.“If bidders know the geology under the seabed, know the environmental consequences, wind conditions, currents, wave heights, etc., we remove a lot of uncertainties and risks and get a sharper price. This makes the offshore wind farm cheaper for Denmark and the Danes,” said Barfoed.Thor is the first of three 800MW offshore wind farms to be constructed in Danish waters before 2030, with an option for the developer to boost the wind farm’s capacity to up to 1,000MW.The project will be built off Nissum Fjord in the North Sea and is expected to feature 13-15MW turbines set to be operational between 2024 and 2027.
Wintershall Dea has farmed out its 30% stake in the Shrek licenses (PL838/838B) in the Norwegian Sea to Lime Petroleum.Wintershall Dea said on Tuesday that the licenses, located near the Skarv field in the Norwegian Sea, come from DEA Norge’s legacy portfolio, and the divestment is part of an ongoing asset management process for the merged Wintershall Dea company.“Having started to operate as one company, the farm down in Shrek is part of a global portfolio and budget optimization that helps to reduce our high level of exploration expenditure in 2019,” said Roy Davies, Head of Exploration in Norway.In the event of a commercial discovery in the Shrek well – due to be drilled later this year – the development solution will be a tie-back to the Skarv field where Wintershall Dea is the second largest owner. In this way, the company will still benefit from a discovery in Shrek even after exiting the license.Wintershall Dea added it expects to participate in a further five exploration wells in Norway before the end of 2019.Polish oil company PGNiG is the operator of the license with a 40% share and Aker BP is another partner with a 30% interest.PGNiG plans to start drilling the Shrek well between September 1 and November 30, 2019, following the completion of the drilling of the production wells at Aker BP-operated Skogul and Ærfugl fields. The well will be drilled using the Odfjell Deepsea-owned Nordkapp semi-submersible drilling rig.