the pyramid companies ( also known as pyramid management group ) were formed in 1970 in syracuse , new york by robert j. congel .

the first three malls the company built were the pyramid mall johnstown in johnstown , new york , pyramid mall fulton in fulton , new york , and pyramid mall oneonta in oneonta , new york .

all three malls opened in 1972 .

each mall featured a white-modell 's department store and loblaws supermarket as anchors .

these malls were much smaller , community-type centers compared to the company 's current malls .

the next three malls built by pyramid , regarded as the company 's " pioneer malls " , were pyramid mall ithaca ( later the shops at ithaca mall ) in lansing , new york , pyramid mall plattsburgh ( later champlain centre south ) in plattsburgh , new york , and pyramid mall saratoga ( later saratoga mall ) in saratoga springs , new york .

of these three malls , the plattsburgh and saratoga properties were demolished for strip centers , but the ithaca property still continues to operate as an enclosed mall .

currently , pyramid is the largest privately owned developer of shopping malls in the country .

the company currently owns 17 properties in total , with 13 in new york , three in massachusetts and one in virginia .

pyramid developed and currently manages four out of the 20 most visited shopping malls in america - destiny usa in syracuse , new york ( which is prominently featured on the company 's website ) , palisades center in west nyack , new york , walden galleria in buffalo , new york , and crossgates mall in albany , new york .

the pyramid companies

some multi - level marketing companies have been accused of being pyramid schemes . | urltoken
the pyramid companies ( also known as pyramid management group ) were formed in 1970 in syracuse , new york by robert j . congel .
pyramid - gallery . . . pyramid of khafra shaohao tomb , qufu , china stockport pyramid in stockport , united kingdom karlsruhe pyramid , germany the pyramid arena in memphis , tennessee hanoi museum in hanoi , vietnam features an . . .
while critics accuse multilevel marketing companies of being pyramid schemes , the federal trade commission says that a company only qualifies as a pyramid scheme if its salespeople are paid primarily on the basis of recruitment , as opposed to the sale of a retail product or service .
the direct selling association currently represents about 200 companies and says there are about 50 more awaiting admission .
listed companies ( across the main board and altx ) has dropped by 8 % to 388 , from 422 ( in the roughly two decades , from 1998 , the number of listed companies has declined by 42 % ) .
many companies , like avon and mary kay , released few details on the average income of their sellers .
importantly , direct - selling companies are dedicated to providing opportunities to americans of all races and ethnicities . according to an annual survey sponsored by the direct selling association , the trade association for more than 160 direct - selling companies , almost two - thirds of direct sellers say their companies focus on diversity development .
pyramid ( gladiators ) . . . pyramid is an event played in several incarnations of the television series gladiators . . . in this event played on a giant sponge pyramid , two contenders must climb to the top whilst two gladiators attempt to halt their progress . . .
“i think the environment has changed , ” says robert fitzpatrick , who runs the website pyramid scheme alert . “more complaints about these companies are coming . it’s going to be impossible for the ftc to sweep this all under the rug . ”
the ftc won’t say how often investigations lead to lawsuits or fines , but the answer seems to be not too often . since 2001 , the ftc has charged just five companies with running pyramid schemes , and three of those cases dated back to investigations that started in the 1990s . and all of those cases were against relatively small companies .
pyramid ( gladiators ) - event history - united kingdom . . . years active 1994 - 1997 , 2008–2009 pyramid was introduced in the third series of the original british run , becoming one of the show ' s core events . . . the steps at the base of the pyramid were also made thinner to reduce the risk of falling awkwardly . . . despite the events revamp , pyramid was axed for the second time and did not return for the seventh series . . .
the pyramid companies , also known as pyramid management group , were formed in 1970 in syracuse , new york by robert j . congel . its first three malls , or the company ' s
pioneer malls
, were pyramid mall ithaca ( the shops at ithaca mall ) , pyramid mall plattsburgh , and pyramid mall saratoga . all three malls opened in 1975 and marked the beginning of an advance in shopping center construction and ownership . currently , it is the largest privately owned developer of shopping malls in the country . the company has since grown to own 20 properties throughout new york and massachusetts . however , of the three original pyramid malls , two have been demolished for strip centers , and the ithaca property has since been sold .
pyramid schemers had better watch out . according to the wall street journal , the securities and exchange commission ( sec ) is on the lookout for web - based pyramid schemes that may be exploiting the booming direct - sales industry .
glassdoor gives you an inside look at what it ' s like to work at pyramid management group , including salaries , reviews , office photos , and more . this is the pyramid management group company profile . all content is posted anonymously by employees working at pyramid management group .
sound confusing ? it is . not every company in the direct selling industry is a pyramid scheme , but the sketchy behavior of a few companies has caught the attention of regulators . here are five of the biggest companies that have faced accusations of fraud . one is a popular makeup company , and another sells herbal supplements . the businesses on the list are ordered by 2016 net revenue .
the pyramid companies - policies - mb - 18 . . . in 2005 , pyramid began the implementation of a parental escort policy ( branded mb - 18 ) at the group ' s largest malls . 1996 from 600 pm to closing ( it was changed to 400 pm at around the same time pyramid initiated its mb - 18 policy ) , is currently in effect at destiny usa ( syracuse . . . all pyramid malls have security programs managed by ipc international , having been in - house prior to september 2009 . . .
biederman , david ,
the pyramid formula ,
business west , august 1998 , p . 6 .
the pyramid companies - theatery . . . the
theatery
concept was developed by the pyramid companies in conjunction with the opening of palisades center in 1998 . . . currently , palisades holds the only theatery concept , but a major renovation and expansion at the walden galleria on the side that faces i - 90 will bring many new upscale restaurants and retailers . . . has also stated his intention to use the theatery concept in his forthcoming medley centre project in irondequoit , a suburb of rochester , new york . . .
in 2011 , roughly 15 . 6 million americans worked as salespeople for multilevel marketing companies , according to the direct selling association .
in the u . s . alone , there are hundreds of multilevel marketing companies that sell a variety of goods and services .
keep and the ftc’s peter vander nat recently updated their research from the mid - 2000s on mlm companies . keep says ackman and the controversy around herbalife partly inspired the update .
the mall is owned and managed by the pyramid companies , a group who also owns and manages regional sister mall galleria at crystal run in middletown , ny , as well as the palisades center in west nyack , ny . the poughkeepsie galleria has adopted the pyramid corporate
mb - 18
teenage curfew policy on friday and saturday evenings , a policy that began in september 2005 .
the totals in this analysis , as published by the jse , include what one might call “zombie” companies who remain listed , but are suspended . a well - known example of this is 1time holdings , and there are easily a few dozen of these companies ‘on’ the jse .
amway is the most profitable direct - selling firm in the world , and the company has been a frequent subject of pyramid scheme investigations . in a landmark ruling in 1979 , the ftc decided amway was not a pyramid scheme because distributors were not paid specifically for recruiting new salespeople , setting a precedent for the ftc’s definition of a pyramid scheme that still holds today .
pyramid president michael bovalino told news conferences in poughkeepsie and the town of wallkill yesterday that the policy has been working well in the other malls .
in october 2006 , blue outdoor signed a long - term agreement with pyramid companies , one of the largest privately held shopping center developers in the northeast , to place advertising in their 15 malls in new york and massachusetts . the pyramid companies own and manage the most successful portfolio of retail - based , tourist , and entertainment destinations in the northeast . malls in the pyramid portfolio are the center of commerce in cities throughout new york and massachusetts including : albany , buffalo , plattsburgh , poughkeepsie , and ithaca . their malls include the palisades center , the tenth largest enclosed mall in the country . blue outdoor has access to over 600 advertising faces in 15 malls , reaching over 171 million annual visitors .
pyramid schemes might not be quite as old as the pyramids themselves , but they’ve been around for a long time .
ithaca , ny – susan feiszli joins cushman wakefield / pyramid brokerage company as a read more . .
many u . s . - based companies also have massive international sales operations that in some cases make up the majority of their sales .
. get organized and identify specific companies who contribute to hetero - white supremacist oppression . but please , for our collective sanity , stop sharing sloppy calls to boycott random companies at 11 : 29 p . m . on the third tuesdays of every other month .
about pyramid group – pyramid hotel group is a privately held , boston - based hotel company with some 80 hotels and resorts under hotel management and asset management , comprising more than 22 , 000 rooms and approximately10 , 000employees . pyramid hotel group , ranked among the largest u . s . hotel management companies by independent sources , provides hotel management , asset management and project management services to a broad array of hotel assets ranging from a90 - room select - service hotel to world - class properties with more than 1 , 000rooms . pyramid hotel group is a franchisee of all major hotel brand companies and an operator of independent four - and five - star hotels and resorts . pyramid’s resort group currently manages resorts throughout the united states , caribbean and europe . for more information , please go to urltoken
pyramid hotel group provides superior operations , owner relations , and support services to its assets and investors throughout the investment horizon .
sandakan - born graffiti artist kenji chai ’s masterpiece entitled “resurrection” is located at the ground floor , adjacent to the sunway pyramid west link bridge .
some relatively big news regarding medley centre . hope pyramid ' s plans don ' t draw interest away from the midtown redevelopment !
the chinese media called nu skin a pyramid scheme in 2014 , and the company was then investigated by a chinese government agency . this was not the first time the company faced criticism for its operations in china . citron research published a report calling nu skin an illegal pyramid scheme in 2012 .
ames monument - richardsonian design . . . the monument is a four - sided , random ashlar pyramid , 60 feet ( 18 m ) square at the base and 60 feet ( 18 m ) high , constructed of light - colored native granite . . . the pyramid features an interior passage , now sealed , alongside the perimeter of the structure ' s base . . . richardson designed the pyramid , which includes two 9 feet ( 2 . 7 m ) tall bas - relief portraits of the ames brothers by sculptor augustus saint - gaudens on the east and west sides of the pyramid ' s top . . .
effective september 9 , the poughkeepsie galleria and the galleria at crystal run in the town of wallkill will join four other malls owned by the syracuse - based pyramid companies and institute a weekend parental escort policy for teens under the . that means kids must be accompanied by a parent or adult after 4 p . m . on fridays and saturdays .
this was the big story of the day in the oneonta star on friday , feb . 18 , 1972 , as officials of the syracuse - based pyramid investors corp . said the day before that they would build a fully enclosed , air - conditioned shopping mall . many will remember this as the pyramid mall , today ' s foxcare center .
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this deal may create more incentive for the next tier of brand companies to combine in order to compete effectively . hyatt and ihg have been mentioned in this regard
fast 25 join us on july 25th to honor indy ' s top 25 fastest - growing privately held companies . get your tickets today ! .
during january 2005 , the mall announced it would enact and begin enforcing the pyramid companies '
mb - 18
teenage curfew policy beginning in september 2005 , following a large fight involving young teenagers in front of then - filene ' s . due to the size of the incident , local police were called , and several arrests were made .
so what exactly differentiates a pyramid scheme from a legitimate business ? according to the ftc , pyramid schemes “promise consumers or investors large profits based primarily on recruiting others to join their program , not based on profits from any real investment or real sale of goods to the public . ”
the jse’s director of issuer regulation john burke , writing for the very first edition of the financial markets journal in april 2005 , defended the trend towards fewer companies on the market , which has been in place for at least the last two decades . burke pointed out that in 1998 , “there were 669 companies listed on the jse” and that “by 2004 , this number had dropped to 396” . he argued that “those that remain are a far stronger and more solid group of companies in which to invest . the market as a whole has almost doubled in size , and the listings requirements have been tightened up significantly” .
while this analysis deals with the number of companies listed , the underlying composition and character of the market has changed significantly over the same period . patrick cairns’s excellent analysis in december 2015 revealed how between 2005 and 2015 , 40 % of the top 40 had changed . at that point , of the 16 companies that had fallen out of the top40 over that decade , only three had delisted . the underlying shifts between sectors have been far more impactful , as cairns deftly summarises : “there are essentially three major themes to how the index has changed – the fall of mining companies , the rise of property stocks , and the jse’s move towards being a market dominated by industrial counters” .
fortune — bill ackman’s campaign to prove that diet shake company herbalife is operating a pyramid scheme has finally paid a dividend .
while we certainly rely on recruitment to sell our products , the compensation is based not on the recruitment of other people but ultimately on the sales of the product to real people who are using the products ,
said joseph mariano , president of the direct selling association , an industry trade organization that represents roughly 200 direct sales companies , including herbalife . nearly all direct sales companies rely on a multilevel model .
as a leader in the hotel industry , pyramid is committed to providing outstanding service to our guests and superior returns to our owners and investors .
at its flagship asset , sunway pyramid shopping mall . the property giant collaborated with three internationally - recognised local artists to create wall murals based on the central theme .
if any one of these companies were a sponsor of major league soccer , we would look askance at it ( as many have with herbalife over the years ) , but then put it from our minds . however , all of these companies follow the same business model : an initial investment from a large number of people , with the notable payouts that are advertised and everything but promised only going to 1 % of the participants . mls should look at fixing their relationships with these companies before one of them explodes in their face .
, but preying on black people through pyramid schemes and messy boycotts is not . instead of sending threads of unorganized ideas , boycott
i applied through college or university . the process took 1 day . i interviewed at pyramid management group ( syracuse , ny ) in april 2011 .
from 8 - 14 may 2017 , sunway reit will be conducting various activities for the public at lg 2 orange avenue , sunway pyramid shopping mall .
over the next dozen years congel and pyramid built a dozen malls in new york and massachusetts . according to a 1988 boston globe profile of the company ,
along the way , the pyramid companies established a reputation not only as the biggest and fastest - growing builder of shopping malls around , but also as a corporate operator - - aggressive , prolific and proud of it . one company executive referred to pyramid ' s squadrons of young executives as ' the green berets of mall - building . '
drawn from top colleges and recruited by headhunters , pyramid employed young lawyers and m . b . a . s willing to work whatever hours were necessary to complete a project . while associates operating out of the syracuse headquarters were required to attend a daily work meeting at 6 : 30 a . m . , those in the field had to be on the construction site at 5 : 30 a . m . in order to make their reports to the main office . it was an intense , fast - paced work environment that left little time for a social life , but generally it was only people who already possessed the necessary devotion and drive who were hired by pyramid . legions of pyramid - trained lawyers and developers went on to establish their own companies around the country , most of whom professed gratitude to congel for his crash course in business .
other regulators do seem to have been a bit more aggressive . the securities and exchange commission has charged two mlm companies in the past two years with running pyramid schemes . one of them , rex venture group , which ran online auction company zeekrewards , was as large as $ 600 million . in 2009 , california shut down yourtravelbiz , calling the company , which sold access to travel deals , an “elaborate pyramid scheme . ” and the sec opened an investigation into herbalife last year , shortly after ackman began to attack the company .
artists kenji chai , caryn koh and louise low put their imagination to work and expressed their interpretations of the theme on three exterior walls around sunway pyramid .
in 2013 , malaysian health promotion board ( mysihat ) recognised and accredited sunway pyramid as malaysia’s first health promoting mall ( hpm ) .
additionally , pyramid recently received the coveted “hyatt franchise hotel of the year award” for the 470 - room hyatt regency schaumburg , chicago . fields stated , “this award rounds out our brand trophy case . pyramid now has received a top award from all five of the major , full - service brand groups and brings the total honors awarded to pyramid to 24 in the past 10 years . this recognition is especially humbling because only a small handful of elite operators may operate a hyatt hotel , making competition for this award particularly intense . ”
the pyramid mall sat vacant for just over a year , until bettiol enterprises confirmed in the closing days of december 1994 that it had purchased the property . it hadn ' t been decided what would be done with the property .
palisades center routes 59 and 303 rockland county ( town of clarkstown ) , new york plans for a lower hudson valley shopping mall were first envisaged in 1982 . 3 years later , syracuse ' s pyramid companies announced plans for an upscale shopping center which was to comprise 875 , 000 leasable square feet .
burke’s argument that the number of companies should not be looked at in isolation might certainly hold water . the total market capitalisation of the jse over time paints a picture of a market in rude health . follow - up to come .
instead , balance images with plain text . use html background colors , bulletproof buttons , and content that’s arranged in an inverted pyramid layout .
ron , pyramid has been doing this in its carousel center mall in syracuse for several years . there does not seem to be any opposition from the retailers or too many objections from the kids . i do know the mall is quieter now and pyramid is looking to expand carousel into a massive entertainment / retail / tourist complex called destiny usa .
according to the star of wednesday , oct . 18 ,
the mall opened at 9 : 30 tuesday morning with a series of brief speeches by pyramid and white modell executives .
the top two operators are tanger factory outlet centers ( skt ) and simon property group ( spg ) . both companies are experiencing earnings growth and pay above - market dividend yields . fear of interest rate hikes has scared investors out of these stocks . thus they have not participated in the recent market rally . this is an opportunity to purchase these fast growing companies at bargain prices .
despite criticism of its methods , pyramid was in many ways the envy in its field . whereas the industry average sale level for mall tenants was $ 170 per square foot , pyramid boasted an average of $ 250 per square foot , due in large part to hard - nosed bargaining of leases that allowed pyramid to remove underperforming tenants . the company also was able to build its projects in half the time as other developers , needing only six to nine months from groundbreaking to completion . to achieve this end , pyramid again skirted the edge of acceptable business practices . according to a 1988 forbes article ,
in pittsfield , massachusetts , recently , pyramid and a subcontractor paid over $ 240 , 000 in fines for filling in a swamp , relocating a stream , and even laying drinking water and sewage pipes in the same trench . still , the 100 - store mall opened recently to more than 120 , 000 shoppers over the first five days .
no matter how vehement the community protests leveled at pyramid during the developmental stage of a project , the mall always proved to be highly trafficked . the forbes profile conceded that
for all his roughshod tactics , congel invariably leaves behind malls that enhance the local economy and are much appreciated by the townfolk . ' i declared war on pyramid , ' admits thacam n . y . ' s former mayor , edward conley , who also took to visiting city after city in the northeast to warn others about pyramid . he now says , ' in retrospect i have to admit that pyramid helped us rejuvenate our community by offering us competition , making the whole county a vibrant retail market . '
have you used other vacation rental companies ? if you have , then you know that the bigger property management companies could have up to 300 properties on their program . as a result , you may have felt as though you and your property are just another property code in their system . if you’ve never used a vacation rental company , than you’re in for a treat .
most people know the telltale signs — promises of fast money , pressure to recruit others , and products of dubious value . yet these scams just won’t go away . the ftc isn’t always successful at identifying and shutting them down , in part because there’s no single federal rule clarifying what makes a pyramid scheme a pyramid scheme , bloomberg reported .
the fairfax county public schools system is divided into eight pyramid clusters , each comprising two to four high schools and their feeder elementary and middle schools . students who live in the tysons , mclean or vienna areas attend schools in cluster 1 , the herndon - langley - mclean pyramid , or cluster 2 , the falls church - madison - marshall pyramid . tysons public schools spend about $ 14 , 166 per student , whereas the u . s . average expenditure is $ 12 , 435 . it is estimated there are 13 . 2 students per teacher in tysons .
this specifically applies to pyramid companies - owned malls , though not all as of yet . ( palisades center is not one of the malls with this
mb18
restriction , but the nearest ones to here ( nyc ) are crossgates in albany and holyoke mall in holyoke . crossgates already has this restriction , and holyoke mall will have it as of september 9 . )
finally , the national labor relations board has proposed what may be a far - reaching ruling that may have a significant effect on the industry . they want to allow labor organizers to force local franchisees to follow the practices of the parent companies , rather than acting as independent employers . although targeted at mcdonalds and other fast - food companies , hotels are clearly covered by this as well , and the industry’s lobbying arm , the american hotel & lodging association , is organizing a challenge to this proposal .
indianapolis - based developer centre properties is the target of another foreclosure suit , this one involving pyramid place shoppes , a retail center in a busy shopping area on the city ' s northwest side .
a basic idea behind the pyramid scheme is that the more people you recruit to “work” under you , the more money you will make . it is a multi - level marketing program where success is based on the number of people you can recruit , the number of people they can bring in under them , and so on . the people at the top of the pyramid stand to make the most money , as the people lower down are simply paying off the people who invested above them . should recruiting action slow down or come to a halt , the money source will quickly dry up and the scheme will fall apart .
multilevel marketing companies employ a network of independent salespeople who sell products directly to people in their community . these salespeople earn income based on their personal sales , as well as the sales of people they recruit to work for the company .
the most recent quarter saw a large number of guidance reductions for the rest of this year , although the 2016 outlook remained relatively positive . some short - term issues affected a couple of the companies , but as will be evident in the discussion of stock prices , most of the negativity was already factored in , and share prices generally have recovered along with the rest of the market over the past few weeks .
in the late 1980s congel looked to build a mall in his own backyard , targeting the site of an old junkyard . named the carousel center , it opened in 1990 and served not only as a flagship center for pyramid but also a prototype for the future malls . also in 1990 pyramid attempted to become directly involved in retailing when it paid $ 20 million to acquire the venerable bonwit teller department store chain from its bankrupt corporate parent , after an earlier attempt at acquiring b . altman had failed . for pyramid , the acquisition assured that a bonwit teller store continued to serve as an anchor in its walden galleria mall in cheektowaga , new york . moreover , pyramid hoped to use bonwit teller department stores as anchors at its new malls , as well as to open a new flagship operation on fifth avenue in manhattan . efforts to revitalize bonwit teller failed , however , and pyramid returned its focus to leasing rather than retail .
celebrated success stories credited to the american spirit of enterprise . care must be taken to defend them from misguided attempts to restrict the independence of its millions of salespeople and from the threats posed to sellers and customers by pyramid scheme fraud .
in 2007 , bersin properties was purchased by scott r . congel , a former principal with the pyramid companies of syracuse . the sale triggered speculation that the half - empty mall may be developed into a mixed use property . congel announced ambitious plans for redeveloping the property : a 421 - room hotel , 330 condominium units and a 16 - screen movie theater would be part of the project , as well as retail , restaurant and office space and an underground parking garage .
niedt , bob ,
alumni build on successes learned at pyramid school of development ,
syracuse herald american , august 21 , 1994 , p . a1 .
at pyramid peak properties , we recommend that vacation property owners in south lake tahoe , fallen leaf and kirkwood depend on our professional property management services . read more
last october , a group of consumer advocates filed a petition urging the ftc to do more to regulate the mlm industry . among the proposals was one that called for the ftc to require mlm firms to disclose the success rate and average profits of recruits . other companies , such as franchisors , have to disclose similar statistics .
although the ftc says receiving commissions based on actual product sales is legal , sole - smith claims in many ftc investigations of multi - level marketing companies , “the majority of sales occurred between company and salespeople . ” in these cases , the products can be mere decoys .
the mall had a good run of success , but things began to fade around 1983 , when the southside mall opened . in addition to the white modell anchor department store at the pyramid mall , others included king ' s , barker ' s and nichols , with the latter closing in 1990 .
on a pure numerical basis ( not value ) , the composition of the jse has changed from 91 % domestic companies with 9 % foreign in 2007 , to 80 % domestic and 20 % foreign as at the end of 2016 . on a value basis , the shift is arguably far more pronounced .
“the chances that the ftc investigation against herbalife will turn into something is almost nil , ” says tracy coenen , a forensic accountant who has been following multi - level marketing companies for nearly a decade . “bill ackman is wrong in thinking the government will shut down herbalife . ”
pyramid hotel group is a privately held , boston - based hotel company with 60 hotels and resorts under hotel management and asset management , comprising more than 22 , 000 - plus rooms and approximately 8 , 900 employees . pyramid hotel group , ranked among the largest u . s . hotel management company by independent sources , provides hotel management , asset management and project management services to a broad array of hotel assets ranging from a 90 - room select - service hotel to world - class properties with more than 1 , 000 rooms . pyramid hotel group is a franchisee of all major hotel brand companies and an operator of independent four - and five - star hotels and resorts . additional information is available at urltoken .
boston , ma , october 7 , 2013 –officials of pyramid hotel group , one of the nation’s largest independent hotel management companies , today announced it has added thirteen hotels , a combination of full - and select - service properties , to its portfolio throughout the continental united states through the first nine months of 2013 . additionally , the company is continuing its robust project management project work , with more than $ 50 million in renovations / upgrades completed or underway this year .
the problem is , these individuals are looking for an easy way to make money without having to sell a lot of product or offer a service people can use . this is what the pyramid scheme is all about .
“i do think this is an under - regulated industry , ” says william keep , who is the dean of the business school at the college of new jersey and has co - authored studies with a top economist from the ftc to define the difference between a legal mlm company and a pyramid scheme .
perhaps no company has faced a bigger roller coaster of allegations in recent years than herbalife . a commercial court in belgium ruled herbalife an illegal pyramid scheme in 2011 , and the company faced a huge class - action lawsuit by former and current distributors back in 2004 . the plaintiffs alleged herbalife was a pyramid scheme , offering little to no opportunity to earn a profit . in 2014 , bill ackman of pershing square capital released a presentation suggesting herbalife was a pyramid scheme , produced a damning documentary , and even made a $ 1 billion bet against the company by shorting its stock .
pyramid has had a very active few months , highlighted by its acquisition of the management assets of winegardner and hammons inc . ( whi ) , a long established cincinnati - based operator with a portfolio of 17 hotels , mostly full service marriott products in the midwest . whi also has several development projects in the pipeline . pyramid also took over management at the radisson hotel in manchester nh , the hilton boston - woburn ma , sunshine suites on grand cayman island , and the dahlman campus inn in ann arbor michigan . pyramid also signed a contract to operate a residence inn in downtown hartford ct , with transition scheduled in late november or early december . finally , pyramid entered into an agreement to manage the guest house at graceland , a 450 key hotel currently under construction in memphis tn adjacent to elvis presley’s former residence which is scheduled to open next fall .
investigations are actively under way and at least one company has already been shut down by the sec as a result of allegations it was nothing more than a “fraudulent $ 129 million pyramid scheme . ”
the lack of ftc prosecutions has long frustrated critics of multi - level marketing companies , which sell their products by recruiting individuals to sell to friends , family members , and acquaintances . herbalife is one of the nation’s largest and oldest multi - level marketing firms . critics say that many mlm businesses are essentially pyramid schemes , ripping off new recruits . last year , fortune detailed the extensive fraud allegations against another large mlm company , nu skin ( nus ) .
messages and reminders supported with medical facts in forms of visuals are displayed at key locations throughout the mall , staircases and the covered elevated canopy walk , connecting sunway pyramid , sunway university and monash university malaysia within sunway resort city .
the syracuse area is home a number of diverse companies that lead their respective industries such as o’brien and gere , carrier corporation , bristol meyers squib , lockheed martin , national grid , l . & j . g . stickley , inc . united parcel service , welch allyn , verizon , axa equitable life insurance , excellus blue cross blue shield of new york , anheuser busch companies , the bank of new york , time warner cable , sensis and syracuse research corporation .
aside from property , there are four mega foreign companies that have listed on the jse in recent years : glencore ( ‘glencore xstrata’ , in 2013 ) , steinhoff international’s delisting and subsequent secondary listing ( 2015 ) , anheuser - busch ( ab ) inbev ( 2016 ) and medi - clinic’s delisting and subsequent secondary listing ( following the reverse takeover of al noor in 2016 ) . combined , these four companies have a market capitalisation of more than r3 . 5 trillion .
in the 1990s , nu skin was investigated by the ftc and the states of connecticut , pennsylvania , florida , illinois , ohio , and michigan . the company settled in all cases and ended up paying $ 2 . 5 million to the ftc over two cases . when the connecticut attorney general refused the original settlement terms and sued nu skin for operating a pyramid scheme , the company ended up paying out $ 85 , 000 and admitting no wrongdoing . the attorney general of pennsylvania sued nu skin , as well , alleging that the company operated a pyramid scheme through its subsidiary , qiq connections . even hbo’s john oliver has singled the company out for criticism .
the poughkeepsie galleria is a shopping center on u . s . 9 in the town of poughkeepsie , new york , located just north of wappingers falls , and is the largest shopping center in dutchess county . the galleria has an area of 1100000sqft with two floors containing 140 shops and 14 restaurants as well as a 16 - screen , stadium - seating regal cinemas theater . the galleria is owned and managed by the pyramid companies , a group who also owns and manages regional sister mall the palisades center in west nyack , ny . the galleria has adopted the pyramid corporate
mb - 18
teenage curfew policy on friday and saturday evenings , a policy that began in september 2005 . anchor stores include best buy , dick ' s sporting goods , jcpenney , macy ' s , sears , and target .
in addition to the ill - fated purchase of bonwit teller , pyramid also experienced financial pressure in the 1990s from major cost overruns in the construction of the carousel center and palisades centers in rockland county , new york . chase manhattan loaned the company $ 200 million to complete palisades as well as to help congel prepare pyramid properties for sale . in april 1998 congel announced that he was interested in selling pyramid ' s 31 properties ( including 29 malls ) , which he portrayed as a family decision . with five children , he preferred to avoid family conflict by selling the assets , then allowing his heirs
to do their own thing .
the fact that a number of competing real estate investment trusts had recently paid high prices for mall operations , according to congel ,
only made what was inevitable much better .
when the real estate market soon cooled , however , he elected to sell off the pyramid malls individually . but this strategy also failed to produce the kind of return for which congel had hoped , and the properties were pulled from the market . in the aftermath of this decision , congel was sued in federal court in may 2000 by eight partners in individual new york and massachusetts malls who claimed that he had drawn millions of dollars from their partnerships in order to acquire bonwit teller and complete carousel center . pyramid attorneys maintained that such actions were proper and normal operating procedure for the company . pyramid officials also called the suit
sour grapes ,
caused by the company ' s failure to sell the malls .
lipin , steven , and david d . kirkpatrick ,
pyramid , a big real - estate firm , seeks buyer ,
wall street journal , april 8 , 1998 .
pyramid reportedly lost $ 60 million between 1990 and 1999 operating bonwit teller . the amount was the subject of a lawsuit alleging company chairman robert congel illegally transferred $ 20 million of the debt to partners in the company ' s crossgates mall in albany , which never housed a bonwit teller store .
on wednesday , herbalife disclosed that it was under investigation by the federal trade commission . the ftc later confirmed the news . shares of herbalife ( hlf ) have fallen 12 % since the news broke , and the stock is down 26 % this year . investors , though , could be overreacting to the news . the ftc’s track record is uneven at best in policing pyramid schemes .
although the ftc did order amway to make certain changes , it was largely a victory for amway and the future of the multi - level marketing industry . amway has faced legal trouble in numerous countries outside the u . s . over the years , and robert todd carroll , author of the skeptic’s dictionary , insisted amway was a “legal pyramid scheme . ”
tysons corner has been voted the 12th largest business district in the united states and is the largest business district of fairfax county , with 26 . 4 million square feet of office space . tysons is home to many companies listed on the fortune 500 list : ibm , microstrategy , at & t , boeing , hilton worldwide , booz allen hamilton , capital one , deloitte , ernst & young , freddie mac , gannett ( usa today ) , the mitre corp . , the national automobile dealers association , pricewaterhousecoopers , saic , northrop grumman , and sun microsystems . the following companies are headquartered in fairfax county , 5 of which are located in the heart of tysons business district .
and most companies have a laundry list of requirements , including sales quotas of hundreds or thousands of dollars a month , that must be met to stay an
active
seller and to qualify for coveted commission checks .
joseph mariano , of the direct selling association , says pyramid schemers have evolved over the years and are now extremely adept at making their scheme appear as if it is a legitimate business . if you are involved in direct sales and more emphasis is placed on recruiting family and friends to join you in your direct - sales activities , or the list prices on items you are supposed to sell seem overly inflated , you may be involved in a pyramid scheme .
matthew bader , the galleria’s general manager , did not respond to repeated requests by phone and email for comment . a spokeswoman at pyramid management group , the syracuse - based developer and property manager that operates walden galleria , directed questions to bader .
3 . and then there’s the aviation mall in queensbury , n . y . built in 1975 , it is owned by pyramid companies , which bills itself as “the largest privately - owned developer of shopping centers in the northeast . ” the aviation mall “features” just over 50 stores anchored by j . c . penney ( jcp ) , sears ( shld ) , bon - ton ( bont ) , target ( tgt ) , tj maxx ( tjx ) , dick’s sporting goods ( dks ) and regal cinemas ( rgc ) .
from lipsticks sold by iconic
avon ladies
to the popular p90x workout system , multilevel marketing companies represent nearly $ 30 billion in annual u . s . sales and enlist tens of millions of americans as independent salespeople . here ' s a look at how the industry works .
to protect minority entrepreneurs for whom direct selling is a vital path to opportunity , federal anti - pyramid scheme legislation is needed . last year , reps . marsha blackburn ( r - tenn . ) and marc veasey ( d - texas ) introduced the bipartisan anti - pyramid promotional scheme act to protect americans involved in direct selling and their customers by clearly defining , for the first time in federal statute , the difference between a legitimate direct - selling business and an illegal pyramid scheme . this pro - consumer legislation is a critical safeguard for vulnerable populations , which is why its bipartisan supporters included members of the congressional black caucus and hispanic caucus . there are plans to reintroduce similar legislation in the 115th congress .
built in 2004 , the reserve at chesterfield is a community consisting of 49 luxury townhomes . the reserve at chesterfield is located in westtown township , chester county , pa . the reserve at chesterfield was built while francis iacobucci was president of iacobucci homes , a division of baker companies ( privately owned regional builder ) .
pyramid brokerage company 5786 widewaters pkwy p . o . box 3 syracuse , ny 13214 phone : ( 315 ) 445 - 1030 fax : ( 315 ) 445 - 2074 syracuse @ urltoken
lately , all eyes have been on herbalife , a $ 4 billion weight loss and nutritional supplement company that hedge fund manager bill ackman has attacked as an alleged
pyramid scheme .
our goal at pyramid consulting group is to be “one place to fill all your space . ” with a diversified team of recruiters , we focus on developing and nurturing top talent networks nationwide . we are proud to be the preferred vendor for some of the largest organizations in the world .
famous examples include mary kay , scentsy , and three of major league soccer ' s team and league sponsors : herbalife , advocare , and lifevantage . multi - level marketing companies are not necessarily intrinsically problematic , but their operations allow for economic exploitation of their contractors and can sometimes devolve into pyramid schemes . these kinds of operations are especially prevalent and enticing in our current economy : the siren call of being able to make extra money on the side while working for yourself is very tempting .
of course , we’ve seen a boom in property listings over this time period and many of these have been secondary listings on the south african bourse ( helping drive the number of foreign companies higher ) . local investors’ fascination with ( particularly eastern ) european property funds has meant no shortage of demand .
during the campaign , president donald trump pledged to enact policies that promote job growth for african - americans . to support the aspirations of many african - american entrepreneurs , it is critical to enact legislation that supports direct sellers and job creation while combating pyramid schemes .
the
theatery
concept was developed by the pyramid companies in conjunction with the opening of palisades center in 1998 . it mixes movie theaters and upscale restaurants together for a combination of a movie / dinner experience . currently , there are two centers with the theatery concept - with a major renovation and expansion at the walden galleria in 2007 . scott r . congel ( son of robert j . congel ) had also stated his intention to use the theatery concept in medley centre project in irondequoit , a suburb of rochester , new york . mr . congel lost the mall in winter 2016 for failure to pay his payment in lieu of taxes ( pilot ) obligations to the town of irondequoit and the irondequoit school district after the mall sat nearly vacant for years .
in 2012 , harper’s magazine published a story referring to mary kay as “the pink pyramid scheme . ” the journalist behind the piece , virginia sole - smith , said , “really , the only way to make money is by recruiting other people to sell products as part of their sales unit , which they then get paid a commission off of every time those women place a wholesale order . and that does look like a pyramid scheme . ” an agency spokesperson told sole - smith he was unable to confirm or deny whether the company had ever been investigated .
also occupying the pyramid mall ,
the article explained ,
will be loblaws supermarket , fay ' s drugs , an assortment of smaller shops , and branches of the oneonta savings and loan association and mechanics exchange bank .
the latter was in an outside building , now a branch of community bank . parking was available at the mall for 692 cars .
usana was also scrutinized by dr . murray h . smith , a new zealand government statistician for the commerce commission . in 2008 , he said , “you can make a very strong argument that this could be a pyramid scheme . ”
while a vast majority of salespeople - - 78 % - - are still women ( many companies like avon and mary kay target women almost exclusively ) , the percentage of men who are entering the business is growing . in 2011 , about 22 % of salespeople were men compared with 14 % in 2008 .
the wknd and hotlink partner to bring you the all - new the wknd sessions live . . .
fake friend creators charge people who are interested in increasing the number of followers they have or in having their products and services promoted , yet deliver no discernible results . companies and individuals who pay these types of schemers are often left with nothing more than false , inflated numbers .
fields added that pyramid expects to see more large hotels changing hands as the hotel economy continues to improve and financing becomes more readily available . “there is a pent - up demand by a number of institutional investors to acquire major assets in this phase of the cycle . ”
2014 saw the highest number of listings ( 24 ) since 2008 ( 23 , a number which was equaled in 2015 ) . the boom in 2007 , with 62 listings , remains an almost outlandish number . last year , the number of listings dropped to below 20 . the trend in the delistings column below makes for interesting reading . the jse effectively needs to attract around 20 new listings a year just to stand still in terms of the number of companies on the bourse . it has managed to have more listings than delistings in four of the last ten years .
all 1 , 005 guestrooms & suites , enclosed public areas and function venues within sunway resort hotel & spa , pyramid tower east and the villas have been converted into smoke - free zones . however , designated smoking areas have been made available within selected outdoor locations at the hotel .


the karnataka power transmission corporation limited , also known as kptcl , is the sole electricity transmission and distribution company in state of karnataka .

its origin was in karnataka electricity board .

this electricity transmission and distribution entity was corporatised to provide efficient and reliable electric power supply to the people of karnataka state .

jindal thermal power company ltd . vs karnataka power transmission . . . on 8 april , 2004
karnataka power transmission corporation ltd md s selva kumar has said that karnataka electricity board ( keb ) is short of hands - - two persons perform the work of four .
karnataka power transmission corporation limited is mainly vested with the functions of transmission and distribution of power in the entire state of karnataka . it operates under a license issued by karnataka electricity regulatory commission . kptcl purchases power from karnataka power corporation limited , which generates and operates major power generating projects in the state consisting of hydel . thermal and other sources . kptcl purchases power from kpc at the rate fixed by the state govt . from time to time .
in the year 1999 , karnataka embarked on a major reform of the power sector . as a first step , karnataka electricity board ( keb ) was dissolved and in its place , the karnataka power transmission corporation limited ( kptcl ) was incorporated .
© owned by power grid corporation of india ltd . ( powergrid ) , ministry of power .
another agency , karnataka power transmission corporation ltd ( kptcl ) is in charge of transmitting power to different escoms , including bescom . once it gets the power from kptcl , bescom’s local network supplies it to consumers .
2018 all rights reserved by power grid corporation of india ltd . ( powergrid ) , ministry of power
three agencies are involved in the procurement , transmission and supply of power , before it reaches consumers . karnataka power corporation ltd ( kpcl ) is the state agency that gets power from different generating stations . kpcl also buys power from other states when required .
kptcl also purchases power from central government owned generating stations like national thermal power corporation , neyvelli lignite corporation and the atomic power stations at kalpakkam and kaiga . the approximate share of power from these generating stations is around 16 % .
to improve the performance of the power sector and in tune with the reforms initiated by government of india , the government of karnataka came out with a general policy proposing fundamental and radical reforms in the power sector . accordingly an act , namely the karnataka electricity reforms act was passed by the karnataka legislature . the reform has mandated major restructuring of the karnataka electricity board and its corporatisation . as part of corporatisation , karnataka electricity board ceased to exit and karnataka power transmission corporation limited was constituted from 1st august 1999 .
mr . k . anil kumar , senior manager ( regulatory affairs ) , karnataka power transmission corporation ltd ( kptcl ) , delivering a lecture at the garden city college of science and management studies , bangalore .
aspiring managers who wish to become corporate leaders must develop a ‘think beyond , look beyond ' attitude , said mr k . anil kumar , senior manager - regulatory affairs , karnataka power transmission corporation ltd ( kptcl ) .
the public should not be made a scapegoat for the failures , lapses and inaction on the part of the karnataka power corporation limited , karnataka power transmission corporation limited and the bescom . the consumers are already coughing up highest power tariff as compared to the other southern states , if not the whole of india . the ngos and other consumer organisations would do well to raise a banner of revolt , by strongly resisting any further indiscriminate power - rate hike .
karnataka power transmission corporation limited ' s annual general meeting ( agm ) was last held on 29 september 2016 and as per records from ministry of corporate affairs ( mca ) , its balance sheet was last filed on 31 march 2016 .
the transmission and distribution system in the state was under the control of the government of karnataka ( then mysore ) till the year 1957 . in the year 1957 , karnataka electricity board was formed and the private distribution companies were amalgamated with karnataka electricity board .
power grid corporation of india limited ( powergrid ) , is an indian state - owned electric utility company headquartered in gurugram , india . powergrid transmits about 50 % of the total power generated in india on its transmission network .
after tasting the bitter response from different quarters of society as regards the reintroduction of power cuts in bangalore and other parts of the state , the karnataka power transmission corporation limited ( kptcl ) has resorted to a ‘power rationing’ system by allotting a certain number of units of power to each escom . further , bescom has also stepped up its vigilance and patrolling exercises to nab culprits who who steal power illegally during the festive season .
wednesday ' s rain in several parts of the city resulted in the collapse of hoody station of karnataka power transmission corporation limited , plunging most areas in bengaluru east and north into darkness for several hours from 6pm . with at least nine sub - stations supplying power to the city failing , some areas in west bengaluru and the cbd too had no power from 8pm onwards .
this was followed by the constitution of karnataka electricity regulatory commission ( kerc ) in november 1999 . in the next phase of the reform process , the transmission and distribution business managed by kptcl were unbundled in june 2002 . four new distribution companies were formed to distribute power in karnataka .
karnataka power transmission corporation limited ' s corporate identification number is ( cin ) u40109ka1999sgc025521 and its registration number is 25521 . its email address is companysecretarykptcl @ urltoken and its registered address is cauvery bhavank . g . road , bangalore k . g . road , bangalore ka 560009 in , - , .
the transmission and distribution system in the state was under the control of the government of karnataka ( then mysore ) till year 1957 . in the year 1957 , mseb was formed and the private distribution companies were amalgamated with karnataka electricity board .
for instance , in sugar and steel factories , while production process goes on , power can be generated simultaneously . the factories use part of this power for themselves , and sell the excess to the state . udupi power corporation ltd ( upcl ) , a major ipp , produces power from imported coal .
draft typical tender notification document for outsourcing maintenance work of 400kv transmission lines of kptcl - reg .
sterling investment corporation . . . vs securities and exchange board of . . . on 5 september , 2005
kudankulam nuclear plant has been producing power that is to be shared among all the southern states . why have the karnataka power agencies and government failed , as of yet , to stake their claims for enhanced quota ?
hon ' ble minister of energy , govt . of karnataka , vidhana soudha , benagaluru - 560001
karnataka power transmission corporation limited is a public incorporated on 28 july 1999 . it is classified as state govt company and is registered at registrar of companies , bangalore . its authorized share capital is rs . 30 , 000 , 001 , 000 and its paid up capital is rs . 21 , 823 , 225 , 900 . it is inolved in production , collection and distribution of electricity
directors of karnataka power transmission corporation limited are sampathkumar , thittamegalapalya nanjundaiah ramesh , ramakrishnaiah taggikuppe ramaiah , rangarajan sridhar , manchegowda ramakrishna , ajjipur malegowda mahadevaprasad , anand prasad , srinivas mysore naganna , nandagopal jyothi prakash , mazhar alam khan , bhakthrahalli venkatarayappa munegowda , javarayagowda suranahally jayaramegowda , shivshankar somaling malagli , thamenahalli hanumantharayappa mohankumar , alenahalli ningegowda jayaraj , shashikant parasappa sakkari , deepak rajaram hegde , .
the state has over 15 hydel power stations – shivanasamudra , sharavathy and bhadra are some of them . though hydel power is a major part of state’s power , bescom gets only a small share of it . the amount of hydel power allocation is fixed for escoms ( electricity supply companies ) .
consequent to this the function of distribution of power has been totally separated from kptcl . kptcl is now vested with the responsibility of transmitting power all over the state and construction and maintenance of stations and lines of 66kv and above . kptcl will purchase power from various power producers and sell it to the distribut
thermal power comes from coal , gas and diesel stations . raichur and bellary thermal power stations ( rtps and btps ) , and yelahanka diesel generating station ( ydgs ) are the state’s major thermal stations . unlike hydel power , thermal power is stable as long as there is no shortage of coal / diesel .
bangalore’s daily power demand is about 2300 mw ( mega watt ) . that is , 2300 mw of power is transmitted throughout the day to the city on average ( there are sharp differences in peak and non - peak hour consumption though ) . bangalore consumes about one - third of the state’s total power . karnataka’s average demand is 6000 mw per day .
bangalore is powered by the same grid that supplies to the entire state – there are no specific sources for bangalore alone . the sources include hydel , thermal and non - conventional sources like wind and sun . the state also gets power from central generating stations ( cgs ) like neyveli lignite corporation , kaiga atomic power station in north karnataka etc . together , the sources have the maximum capacity to produce 12 , 000 mw of power , but actual generation is about 6000 mw and the extent of generation from each source varies through the day . major sources are the state’s own hydel and thermal power stations .
moreover the karnataka state is not generating power in surplus . we have been buying power from the sources in the public and private sectors at high costs . rumours say that one such source in the mangalore - udupi belt had tried to toe in their own terms and conditions for buying their thermal - power , by allegedly blackmailing the former bescom md , ias officer p manivannan .
seven companies bid lowest in power supply auction , quote rs 4 . 24 / unit
bescom gets 12 % of state’s hydel power for its entire area which also includes tumkur , chitradurga , davanagere etc ( not just bangalore ) . because of this low dependency on hydel power , poor monsoon rains do not hinder power supply to bangalore as much .
cgs are thermal / nuclear stations . the stations are maintained by central government , and each state gets a specified share of the power generated . the state in which the station is located , will get majority of the power while neighbouring states will get a smaller share . karnataka gets about 1000 mw from cgs , on average .
the state of karnataka , with availability of cheap electric power , and other infrastructure facilities , was conducive for increased tempo of industrial activity . it became necessary therefore , to augment power generating capacity by harnessing the entire potential of the sharavathi valley . the first unit of 89 . 1 mw was commissioned in 1964 and completed in 1977 .
the state of karnataka , with availability of cheap electric power , and other infrastructure facilities , was conducive for increased tempo of industrial activity . it became necessary to augment the power - generating capacity by harnessing the entire potential of the sharavathi valley . the first unit of 89 . 1 mw was commissioned in 1964 and completed in 1977 .
has decentralised its helpline and come up with division wise helpline numbers to resolve power cut problems .
for over a month , there have been reports about power shortage in the city . early october , bescom had contemplated power cuts for industries , but later changed the plan when rains started .
the demand for power saw a phenomenal increase in the mid sixties and onwards with the setting up of many public sector and private industries in the state . as power generation in the state was entirely dependent on monsoon and was subject to its vagaries , the state government set up a coal based power plant at raichur . the present installed capacity of the power plant at raichur is 1260 mws .
the demand for power saw a phenomenal increase in the mid sixties and onwards with the setting up of many public sector and private industries in the state . as power generation in the state was entirely dependent on monsoon and was subject to its vagaries , the state government set up a coal based power plant at raichur . the present installed capacity of the power plant at raichur is 1260 mw . to augment the energy resources of the state , the kalinadi project with an installed capacity of 810 mw at nagahari power house and 100mw at supa dam power house , with an energy potential of 4 , 112 mkwh , were set up .
the potential for hydel power generation in the state is limited and already exhausted . why has the government failed to tap thermal power , either on their own or with the help of the premier organisation , ntpc ?
overall , bangalore consumes 42 million units ( mu ) energy per day , as opposed to state’s 140 mu . the transmission of 2300 mw through the day , leads to consumption of 42 mu of energy .
this power is produced not by government agencies , but by independent power producers ( ipps ) . nce sources mainly are wind , sun , biomass etc . wind generation is a major part of nceps , but depends on wind availability . while ipps like tata bp solar exclusively generates solar power , much of nce is generated in factories as by - product .
distributed rooftop solar is a threat not only to fossil fuel power generation , but also to the profits of monopolistic model of utilities . while the overall amount of electrical capacity represented by distributed solar power remains miniscule for now , it’s quickly becoming one of leading sources of new energy deployment . as adoption grows , fossil fuel interests and utilities are succeeding in pushing anti - net metering legislation , which places surcharges on customers who deploy rooftop solar power and sell unused power back to their utility through the power grid . other state legislation is aimed at reducing tax credits for households or businesses installing solar or allows utilities to buy back unused power at a reduced rate , while reselling it at the full retail price . urltoken
to augment the energy resources of the state , the kalinadi project with an installed capacity of 810mw at nagjhari power house and 100 mw at supa dam power house , with an energy potential of 4 , 112 mkwh , were set up .
( i ) whether the karnataka electricity regulatory commission - respondent no . 3 can be added as a party respondent to the appeal and whether it is entitled to defend the impugned order on merits ?
as the sc verdict on wednesday gives the delhi government more teeth , a look at the power struggle in the . . .
the erstwhile mysore state had the enviable and glorious position of establishing the first major hydroelectric generating station for commercial operations at shivasamudram as early as 1902 . the art at that time was still in its infancy , even in the advanced countries . the longest transmission line , at the highest voltage in the world , was constructed to meet the power needs of mining operations at kolar gold fields .
the erstwhile mysore state had the enviable and glorious position of establishing the first major hydro - electric generating station at shivasamudram as early as 1902 for commercial operation . the art at that time was still in its infancy , even in the advanced countries . the longest transmission line , at the highest voltage in the world , was constructed to meet the power needs of mining operations at kolar gold fields
citizens flooded bescom helplines with complaints through the night . “they haven ' t told us when power will be restored . . . how can such a light shower disrupt power in so many areas ? what will happen when the real monsoon hits the city next month ? “ asked concerned residents .
bescom – bangalore electricity supply company limited is responsible for power distribution in eight districts of karnataka . bescom covers an area of 41 , 092 sq . kms . with a population of over 207 lakhs . the company has 3 operating zones – bangalore metropolitan area zone , bangalore rural area zone and chitradurga zone , 9 circles , 28 divisions , 119 sub - divisions and 453 section offices .
more emphasis had been given to 110 kv and 66 kv categories power lines as these take electricity to consumers at every nook and corner of the state .
bescom said the sudden power outage was due to incoming supply failure from various muss linked to the 400kv hoody station . “the lines tripped due to heavy wind followed by rain . we hope to restore power supply before midnight . but the continuous strong winds are a concern , “ an officer said on wednesday night .
newly inducted ministers to the karnataka cabinet d k shivakumar , has been allocated energy department portfolio and r roshan baig has been given infrastructure development department ( idd ) , information from kannada and culture , information department and haj from minority welfare and wakf department .
the generating capacity of the shivasamudram power house gradually increased to 42 mw in stages . to meet the increasing demand for power , the shimsha generating station , with an installed capacity of 17 . 2 mw , was commissioned in the year 1940 . the power demand was ever on the increase , for industries and rural electrification , and additions to generating capacity became imperative . the 1st stage of 48 mw and 2nd stage of 72 mw of the mahatma gandhi hydroelectric station were commissioned during 1948 and 1965 , respectively .
the generating capacity of the shivasamudram power house gradually increased to 42 mw in stages . to meet the increasing demand for power , the shimsha generating station , with an installed capacity of 17 . 2 m . w , was commissioned in the year 1938 . the power demand was ever on the increase , for industries and rural electrification , and additions to generating became imperative . the 1 st stage of 48 mw and 2 nd stage of 72 mw of the mahatma gandhi hydro - electric station were commissioned during 1948 and 1952 , respectively .
64 . the materials produced in the case and the circumstances noticed above would show that the status of power plant is that of an ipp and not cpp . point no . iv :
why has the government of karnataka not shown much enthusiasm in expanding the existing nuclear plants in the state ? if doing so will invoke public criticism , is it not the duty of the government to alleviate people’s fears or find solutions ? this was successfully done by the tamil nadu government and central government .
only such out - of - the - box thinking and action plan can save the state from the eternal poverty of power . with a long summer setting in , if the bescom chief does not act now , the public will not buy his excuses for hiking power tariff , and he , unlike his predecessor manivannan , will not go down in the annals of bescom as a dynamic chief .
when this is the situation , there is no need for bescom to buy power at exorbitant rates and sell it to the corporates with a profit - margin , with the excuse of cross - subsidising other customers .
keeping in mind the rampant power thefts that take place during the festive season , bescom officials have stepped up vigilance across the city . “we have informed all associations conducting festivals to get licenses from both the police stations concerned and respective branches of bescom . if we come across any cases of organisers extracting power directly from the main lines , criminal cases will be booked against the culprits , ” a senior manager with bescom said .
subsequently , the bhadra project , with an installed capacity of 33 . 2 mw , and the thungabhadra left bank power house , with an installed capacity of 27 mw at munirabad were commissioned during 1964 and 1965 , respectively .
all of this is co - ordinated by kptcl’s state load despatch centre ( sldc ) . escoms inform sldc about their power requirement forecast for the next day , 24 hours earlier . similarly , kpcl informs sldc of its generation forecast , a day before . depending on this , the total power is distributed among each escom for the next day . demand and supply varies through the day , and sldc maintains real - time data on this . ⊕
the officials from kptcl on tuesday said that the state on an average is consuming 97 . 032 million units against the allotted 110 million units . “depending on the generation capacity at major reservoirs and consumption rate under each escom’s jurisdiction , power has been allotted to all the escoms . bescom which is consuming more power than any other escom has been given 55 mu . however , bescom is consuming 47 mu , ” a technical officer told bangalore mirror .
the power outage resulted in complete darkness on the streets , and collapse of traffic signals . traffic clogs were reported on major link roads in east and north bengaluru . “it took me two hours to cross a main road due to a huge pileup of traffic , “ said an office - goer in marathahalli .
hoody station , which supplies power to areas like fraser town , cooke town , banaswadi , kalyan nagar , hrbr layout , hennur and even parts of hebbal and surrounding areas , could not re solve the issue until late night . kptcl cited the sudden downpour on wednesday evening as the reason for the station collapse .
59 . the chief minister , gok and the kptcl have made public announcements that the tariff rate is one of the lowest and is to be the benchmark rate for all future ipps . the documents containing those announcements are produced . the kptcl in its affidavit dated 18th october , 2001 has admitted that the appellant is an ipp . in addition , daily generation / transmission charges of kptcl and website of kptcl show the appellant as an ipp . even the tariff orders of the commission for the years 2000 , 2002 and 2003 show that the appellant is an ipp .
till the year 1986 , keb was a profit making organisation . however , in the subsequent years , like other state electricity boards in the country , keb also started incurring losses , mainly due to the increase in agricultural consumption and due to the implementation of the socio economic policies of the government , the performance of the power sector was affected .
( ii ) whether there existed a binding contract between the appellant and the kptcl on the tariff prior to commencement of karnataka electricity reform act , 1999 with effect from 01 . 06 . 1999 , in terms of explanation to section 19 and proviso to section 27 ( 2 ) of the act ? if the answer is in the positive , whether the commission has jurisdiction to review the tariff particularly when the proviso to sub - section ( 2 ) of section 27 is restricted to tariff determination and does not require a ppa to establish a concluded contract ?
( vi ) letter of kptcl dated 19th january 1999 informing the gok of the appellant ' s officer of 100 mw on a guaranteed basis at a tariff rate of rs . 2 . 90 per unit and its recommendation to gok to buy power from the appellant at rs . 2 . 60 per unit with escalation of 5 % per annum thereon .
, has begun ! this is a time for fun and happiness . however , the current festive season , unlike previous years , is headed for some toned down entertainment . as if inflation worries and the current spell of incessant rains were not enough to dampen spirits , the troubling power scenario in the state is set to spoil the mood of revelers .
( ix ) the formal proposal of the appellant contained in its letter dated 31 . 03 . 1999 incorporating the terms settled at the meeting and containing the final offer of supplying 100 mw of power on single part tariff basis at the rate of rs . 2 . 60 per unit with escalation of 5 % per annum for a period of 5 years .
the four newly formed independent distribution companies , which were registered on 30 / 04 / 2002 , are bangalore electricity supply company , mangalore electricity supply company , hubli electricity supply company and gulbarga electricity supply company . they have started functioning w . e . f . . 01 / 06 / 2002 . these companies are incharge of distribution of power within their jurisdiction .
they want to encourage citizens to install solar panels but have made it so expensive that no one wants to invest… . germany has almost every other house investing in solar panels on their roofs , god given energy and in a country like ours , can resolve power problems … but the govt takes no initiative to drive this… no incentives that are tempting for home owners to do it… . .
( iii ) appellant ' s letter dated 20th october , 1998 referring to its earlier proposal dated 28th september , 1998 , incorporating the details and the basis of tariff calculations for 20 years . ( iv ) appellant ' s offer dated 21st november , 1998 for sale of power on two - part basis for the first year at tariff rate of rs . 2 . 90 per unit inclusive of fixed and variable costs .
61 . it was , however , contended on behalf of the respondents that power was supplied to keb only after jvsl ' s commitment was fulfilled and since the entire capacity of 240 mw has been underwritten by jvsl , the appellant is a cpp to the jvsl . it is also contended on behalf of the respondents that determination of ipp / cpp is irrelevant as the commission has allowed kptcl to pay fixed charges to the appellant .
the city of bengaluru and the mangalore - belt are surrounded by hills – small and big . anyone can imagine how much energy can be tapped from the wind sweeping these hills . if there are no funds to do this , the government should map and mark the area into different sectors and auction them to private firms . the sole purpose should be to generate wind energy , and there should be a commitment to buy power from them at the market - rates .
( ii ) clause 4 of the heads of terms for wheeling and banking agreement which provides that if , at any stage , the appellant has excess firm capacity and / or energy for sale , then , keb may purchase the same from the appellant subject to agreement on price and other terms to be negotiated at the time of such sale . in other words , keb has agreed to buy excess firm capacity of power on such price and terms negotiated at the time of such sale .
the rooftops of hmt , hal , beml , bhel , iti , and a number of other public and private industries the city can boast of , serve as ideal locations to place solar panels . it must be made mandatory for these organisations to put up solar panels for their own electricity consumption . if the power thus generated is more than what the companies can consume , the government can buy the surplus from them at market - rates . again if there is fund problem , it can be leased out to other interested private firms . the central government must subsidise such projects as they are construed in public interest / welfare .
the tamil nadu assembly today passed the lokayukta bill , 2018 on the last . . .
following the announcement of the farm loan waiver , state may borrow to . . .
noting that the minister of state for civil aviation jayant sinha had . . .
union minister of shipping , road transport and highways nitin gadkari is . . .
the supreme court today dismissed pleas filed by three out of the four . . .
the tamil nadu government today tabled a bill in the state assembly for . . .
indianoil has partnered fortum india , part of the finland - based fortumoyj , . . .
the ability of ceos to make tough calls and avoid feel - good short - term decisions often decides their legacies , . . .
for the last six years , sudhanshu vats , group ceo , viacom 18 media pvt ltd , has been busy turning the . . .
fans of the very popular oneplus phones probably don’t need a reason to like the phone more than they already . . .
inadequate forex reserves , growing pile of external debt and tightening global liquidity can exert pressure on . . .
₹2121 • hdfc bank s1s2r1r2comment 2110208521352160 resistance ahead . go long only if the stock breaks above . . .
as trees stand on shaky ground in our cities , a shave away from the axe of development , a meditation on their . . .
in keeping with the rest of the issue , this week’s quiz is all about trees .
last week’s visit to boston with my sister su was built around my trial - by - visa at the spanish consulate . all . . .
the world cup upsets show that messi and ronaldo , the greats of their time , can thrive only with an able . . .
the explosively growing food delivery business in india is going upmarket , getting specialised and dishing out . . .
cashing in on the popularity of videos , facebook’s instagram has launched igtv , a platform where videos can . . .
there will be $ 24 billion in net new advertising investment this year , the best annual increment since the . . .
in this concluding series on jobs , businessline finds that while small units have been hit all over the . . .
the pejorative jokes on pakoda sellers apart , the centre has been keen on pushing self - employment in a country . . .
teamlease services , a recruitment and consultancy concern , has been an observer - participant in india’s labour . . .
in the first of a two - part series on skills and jobs , businessline examines the angst and aspirations of . . .
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the chairman will only preside over the board meetings and provide necessary guidance for transacting business of the company .
he has overall incharge of functions of kptcl under the guidance of board of directors .
( independent director ) , additional chief secretary to govt . energy department , vikasa soudha , bengaluru - 560001
( independent director ) , additional chief secretary to govt . , finance department , bengaluru - 560001
( independent director ) , managing director , kpcl , no . 82 , shakti bhavan , r c road , bengaluru - 560 001
managing director , hescom , p . b road , navanagar , hubli - 25
( independent director ) # 3 - 1 , 2nd main , no . 652 , 4th main road , 19th cross , vidyaranyapuram mysore - 570 008
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( bescom ) helpline 1912 has come under intense criticism recently . waking up to the need to get its act together ,
acknowledging that there were problems with the helpline last week , energy minister dk shivakumar said , “our helpline has 30 lines . but , during the rainy days last week , we received about 20 , 000 phone calls while we could take only 11 , 000 calls . i understand the anxiety levels of the people as they would have serious problems at hand . so i have directed bescom to add another 15 lines to the existing capacity . but this would take at least 2 months to accomplish . hence we have come up with mobile helplines for each division where people can lodge their complaints . ”
enabling easy access to people , bescom has come up with 12 mobile numbers with separate mobile numbers for the division—east , west , north and south . “four different mobile helplines for each division would help balance out the calls . with three mobile numbers additional to the existing helpline , people can get through any of the numbers and can register their grievances , ” shivakumar said .
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appointment orders to the selected candidates to various posts in kptcl and against whom the police verification report / caste validity certificates / rural study confirmation are received will be dispatched on 02 . 07 . 2018 by registered post -
appointment orders to the selected candidates to various posts in kptcl and against whom the police verification report / caste validity certificates / rural study confirmation are received are dispatched by registered post on 20 . 06 . 2018
modification to revised final seniority list of asst . engineer elec . ( non - graduate ) and resulting in correction to the provisional eligibility list of junior engineer elec . published on 26 . 04 . 2018 - notification dated : 02 . 05 . 2018
circular - on line collection of supervision charges , processing charges , one time payment , o & m charges and scada integration charges , inspection chrages and net work augmentation charges etc - reg , dated : 02 . 05 . 2018
furnishing the details of je ( ele ) / ( civil ) to consider for appointment by transfer from je ( ele ) / ( civil ) to ae ( ele ) / ( civil ) ( graduate ) - reg , dated : 20 . 03 . 2018
counseling for place of posting to the candidates selected for recruitment to the post of assistant engineer ( elec ) , assistant accounts officer , junior engineer ( ele / civil ) , assistant and jr . assistant , dated : 16 . 03 . 2018
final list of the candidates selected for recruitment to various posts is published along with cut - off marks / equi - percentile , dated : 06 . 03 . 2018
revised final seniority list of asst . engineer ( elec . / civil ) ( non graduate ) and above and senior personal assistant and above , revised in accordance with the judgment dated 09 . 02 . 2017 of the hon’ble supreme court in civil appeal no . 2368 of 2011 ( b . k . pavitra & others vs union of india & others ) clubbed with other 7 civil appeals including civil appeal no . 2369 of 2011 ( r . s . raveesh kumar & others vs kptcl & others ) and govt . order no . dpar 182 srr 2011 dated 06 . 05 . 2017 .
provisional seniority list of asst . engineer ( elec . / civil ) ( non graduate ) and above and senior personal assistant and above , revised in accordance with the judgment dated 09 . 02 . 2017 of the hon’ble supreme court in civil appeal no . 2368 of 2011 ( b . k . pavitra & others vs union of india & others ) clubbed with other 7 civil appeals including civil appeal no . 2369 of 2011 ( r . s . raveesh kumar & others vs kptcl & others ) and govt . order no . dpar 182 srr 2011 dated 06 . 05 . 2017 .
revised final seniority list of asst . engineer ( elec . / civil ) ( graduate ) and asst . accounts officer cadres and above , in accordance with the judgment dated 09 . 02 . 2017 of the hon’ble supreme court in civil appeal no . 2368 of 2011 ( b . k . pavitra & others vs union of india & others ) [ ( 2017 ) 4 scc 620 ] connected with other 7 civil appeals including civil appeal no . 2369 of 2011 ( r . s . raveesh kumar & others vs kptcl & others ) and govt . order no . dpar 182 srr 2011 dated 06 . 05 . 2017
provisional seniority list of asst . engineer ( elec . / civil ) ( graduate ) and asst . accounts officer cadres and above , revised in accordance with the judgment dated 09 . 02 . 2017 of the hon’ble supreme court in civil appeal no . 2368 of 2011 ( b . k . pavitra & others vs union of india & others ) clubbed with other 7 civil appeals including civil appeal no . 2369 of 2011 ( r . s . raveesh kumar & others vs kptcl & others ) and govt . order no . dpar 182 srr 2011 dated 06 . 05 . 2017
public hearing on 08 . 01 . 2015 before the kerc in the matter of the petition filed by kptcl seeking approval for collection of o & m charges from the ht / eht consumers and ipps
written note filed by the kptcl and escoms in kerc on 04 . 09 . 2013
765kv , 400kv and 200kv - existing and proposed network as on 31 . 03 . 2018
revised typical tender notification document for arranging shift duties and minor maintenance works at 220kv , 110kv and 66kv stations of kptcl .
information / instructions to contractors / suppliers with regard to monitoring of issuing of br . nos to capital works bills submitted to units - reg .
notification no : kerc / rp / d / 07 / 08 dated : 12th march , 2008 ( amendment to clause 4 . 0 ( c ) of safety standards for distribution system notified along with the grid code / distribution code - 2005 ) .
click here to view the list of candidates short listed under ph quota ( locomotor disability ) in kptcl / escoms for recruitment to various posts and who have been called for physical examination at bengaluru between 06 . 12 . 2017 and 15 . 12 . 2017 .
notification - downloading of call letters by the short listed candidates in kptcl and candidates shortlisted under physically challenged quota ( ph quota ) for document verification process .
click here to download the test admission ticket ( tat ) for the online aptitude test for the post of assistant accounts officer , test date : 07 . 07 . 2017
click here to download the test admission ticket ( tat ) for the online aptitude test for the post of assistant engineer elect . , test date : 07 . 07 . 2017
click here to download the test admission ticket ( tat ) for the online aptitude test for the post of junior engineer ( civil ) , test date : 07 . 07 . 2017
notification - final answer keys , scores of online aptitude test held on 24 . 12 . 2016 for the post of aee ( ele ) and ae ( civil )
notification - challenging of question / answer keys of online aptitude test held on 24 . 12 . 2016
master questions / answer keys of online aptitude test held on 24 . 12 . 2016
for the post of assistant executive engineer ( ele ) , assistant engineer ( ele / civil ) and assistant accounts officer in kptcl and escoms on 03 . 12 . 2016
notification - regarding conducting of online aptitude test for the post of assistant executive engineer ( ele ) on 27 . 11 . 2016
765kv , 400kv and 200kv - existing and proposed network as on 30 . 06 . 2015
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solar tariffs once again hit all - time low of rs 2 . 44 a unit at seci auction
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bangalore electricity supply company limited ( bescom ) has taken over the responsibility from kptcl for the distribution of electricity in 8 districts and commenced its operations from 1st june 2002 .
till the year 1986 , keb was a profit - making organisation . however , in the subsequent years , like other state electricity boards in the country , keb also started incurring losses , mainly due to the increase in agricultural consumption and due to the implementation of the socio - economic policies of the government .
as a part of the reforms , the distribution sector was further divided into 4 companies viz . bangalore electricity supply company limited – bescom ; hubli electricity supply company limited – hescom ; mangalore electricity supply company limited – mescom ; gulbarga electricity supply company limited – gescom . these companies came into existence from 1st june 2002 .
known for its famous projects such as the burj khalifa and downtown dubai , arcadis is the leading global natural and built asset design and consultancy firm located in the middle east .
featured on the very first issue of gineersnow : water leaders is olivia lum , the executive chairman and group ceo of hylux .
to inform people of the dangers of global warming , we asked these experts to discuss the importance of pushing the world to become 100 % renewable .
for the cover story on this month ' s hvacr leaders issue , we’re putting the spotlight on johnson controls’ chairman and ceo , mr . alex molinaroli .
in this month’s cover story , we put the spotlight on saudi aramco , currently one of the world’s leading integrated energy and chemical companies .
discussing the future of the construction industry , this month’s cover story features zahid group .
known as the founder of alibaba group , jack ma , we explore how his methods have re - engineered the online distribution and e - commerce industry .
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government vide order no . 69 bsr 2001 bangalore , dated 15 / 02 / 2002 has unbundled kptcl and formed four distribution companies .
kptcl is headed by a chairman and managing director at the corporate office . he is assi
sted by four functional directors . the board of kptcl consists of a maximum of twelve directors .
the annual turnover of the organisation was nearly rs . 4000 crores during the year 2000 - 01 .
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currently , the city has shortage of around 100 mw daily , which is only less than 5 % of its total requirement , says p manivannan , md of bescom [ 1 ] . the shortage for entire bescom area is upto 600 mw . manivannan says ,
the shortage cannot be quantified , but varies from 0 - 600 mw through the day depending on wind and other sources . we are able to handle it , and are not contemplating any load shedding for the city .
navya p k is a former senior staff journalist at citizen matters , and a freelance journalist based in kerala .
differences over the proposed tagore circle underpass has led to the bbmp’s technical advisory committee to take matters into its own hands . the body will now oversee approval for all major road projects in bengaluru .
for those with a penchant for museums , bangalore has a collection of them . admire the surreal paintings of yesteryear bangalore or learn the principles of electronics or astronomy . read on . 1 . government museum and venkatappa »
only 800 bmtc buses have bilingual destination boards , while the remaining 4000 - odd regular buses have kannada - only boards . it is the top political leadership that appears to be standing in the way .
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unpaid / unclaimed dividend for final dividend of f . y . 2016 - 17
21st june - international day of yoga - common yoga protocol ( 4 . 27 mb ) pdf
, plunging most areas in bengaluru east and north into darkness for several hours from 6pm . with at least nine
people ' s misery was compounded as a heavy downpour , accompanied by strong winds , started about 9 . 30pm . darkness covered a large swathe of the city and its suburbs  from hoskote and whitefield to murugesh palya , indiranagar , ulsoor , vasanthnagar , malleswaram , lingarajapuram , thanisandra , nagawara , sanjaynagar , hebbal , and shantinagar , cubbonpet , chamarajpet , city market and sampangiramnagar .
the weatherman said wednesday ' s rain was normal , and was characterized by strong and gusty winds which are likely to continue for the coming 24 - 36 hours . four trees uprooted : at least four trees were uprooted owing to late evening rain , accompanied by strong winds that hit bengaluru city on wednesday .
according to bbmp , tree fall was reported from cox town , commercial street , sulthan palya and the orion mall area . however , there were casualties .
the bangalore electricity supply company ( bescom ) has planned a price hike . this is a reaction from a citizen to the price hike proposal . a report on reactions by various political and civic bodies was carried earlier by citizen matters . this is a reaction by a citizen to the issue .
a report by the economic times says that bescom will be incurring a loss of rs . 850 crore , due to the exit of the ‘big - ticket’ customers like wipro , sap labs , manyata tech park , sasken and others from their client list . this has been used as justification for rising tariffs on electricity by him .