ALLENTOWN – Talen Energy Corp. has taken its final step to cancel a second nuclear power plant in Luzerne County that was first proposed nearly a decade ago.
The Allentown company said Wednesday it sent a written request to the U.S. Nuclear Regulatory Commission saying it sees no "viable path" to obtaining and operating license for its proposed Bell Bend nuclear power plant.
Talen Energy spokesman Todd Martin said the company that developed the reactor design, Areva, asked the NRC in February 2015 to suspend the design-certification process. Martin said that decision did not give Talen another way of securing the license. He said it would not have been feasible to seek another design company.
Talen Energy, which in early August reported a net loss of $3 million for the second quarter, said its shortfall included an impairment charge of $122 million related to the Bell Bend project. Company officials said then they had no plans to resume licensing and permitting activities for the project, according to Martin.
The decision is also not tied to Talen Energy's announcement in June that it had entered into a merger agreement with Riverstone Holdings LLC, Martin said. The deal is expected to be completed by year's end. Riverstone Holdings, a private investment firm is Talen's largest individual stockholder. Talen was formed June 1, 2015, from the combination of a PPL Corp. subsidiary, PPL Energy Supply, and Riverstone.
ALLENTOWN — As has been rumored for weeks, Talen Energy — created barely a year ago when it was spun off from PPL Corp. — will be merged with a New York City-based private investment firm that specializes in the energy industry.
Martin estimated Talen Energy had spent more than $200 million on the project. He said the costs were not borne by utility ratepayers.
PPL announced in December 2007 that it intended to seek approval to build the Bell Bend reactor. The company submitted the application in October 2008 with the NRC for the site, which is adjacent to Talen Energy's existing Susquehanna nuclear plant, approximately 75 miles northwest of Allentown.
ALLENTOWN — Talen Energy plans to eliminate 131 positions across three of its power plants and at its downtown Allentown headquarters.
Talen identified 53 excess positions at its Susquehanna nuclear plant, Luzerne County; 42 at the coal-fired Brunner Island plant, York County; 29 at the coal-fired...
PPL had applied in 2008 for $8 billion in federal loan guarantees for Bell Bend – similar to the government co-signing a loan. But early on in the process, the Allentown energy producer said it was not sure it would build the reactor, which was estimated to cost $15 billion as far back as 2010. The loan guarantees was one of the factors the company would have considered in making the decision to build.
This state-of-the-art outpatient cancer clinical care and research facility is the largest project ever undertaken by UCSD Health Sciences. The project consisted of a three-story structural steel clinical services/administrative building and a five-story cast-in-place research laboratory tower, with an atrium and bamboo courtyard connecting the buildings together.
The 273,188-square-foot facility is the region's only National Cancer Institute-designated comprehensive cancer center, and one of 39 nationwide. It was the first Cancer Center in the world to provide all outpatient care and research within one facility.
The building’s exterior integrates six different finishes, including iridescent, acid-etched, stainless steel shingles; plaster; metal panels; pre-cast concrete; stone; and curtainwall. The Cancer Center also incorporates, as part of its mechanical system, the first two thermal fluid heaters (TFH) ever used in San Diego County.
This funky hand-held orange juicer is ideal for squeezing every last bit of juice from the fruit. Made from cast metal with a bright orange enamelled
This funky hand-held orange juicer is ideal for squeezing every last bit of juice from the fruit. Made from cast metal with a bright orange enamelled finish.
Inhabiting the forest floors of Australia and South America, velvet worms catch their prey by shooting out a jet of liquid that rapidly thickens to a sticky gel before hardening into polymer fibres comparable in stiffness to nylon.
“It’s this process of going from a fluid to a polymeric fibre comparable to a plastic that interested me,” Harrington says. “You can actually take slime from the organism and form these fibres by hand.”
Because this ingenious chemical transformation occurs outside the animal’s body, it is likely the process can be mimicked in a laboratory. What’s more, Harrington and his colleagues have discovered the fibres can be dissolved in water.
“The amazing thing is you can take this solution of dissolved fibres and form more fibres from it,” Harrington says. “It’s entirely recyclable, using water as a solvent.”
While Harrington and his colleagues in Germany continue to advance their understanding of the velvet worm’s natural chemistry, Harrington’s success in obtaining a grant from the McGill Sustainability Systems Initiative (MSSI) Ideas Fund will enable him to start exploring a synthetic process to emulate the animal’s eco-friendly plastic production.
Manley is a partner in the debt finance group of McGuireWoods. He has extensive experience representing lead arrangers, administrative agents and lenders in syndicated loan transactions and bilateral loans.
He regularly works on secured and unsecured loan facilities provided to leveraged and investment-grade borrowers. His clients include national banks and their capital markets affiliates, state banks and commercial finance companies. He also represents publically-held and privately-owned businesses as borrowers in loan facilities.
Manley has also handled complex structured finance transactions – representing issuers in asset securitizations and arrangers in synthetic lease and other leveraged lease facilities.
He has taught classes on syndicated lending, loan documentation, secured transactions and leasing to lawyers, bankers, bar organizations and paralegal organizations. He is co-chairman of the firm’s Legal Opinion Committee and chairman of the debt finance group’s Associate Training Program.
Manley was a law clerk to Judge Irving L. Goldberg in the U.S. Court of Appeals for the 5th Circuit. He was a Morehead Scholar at the University of North Carolina at Chapel Hill.
Representation of lead arranger and administrative agent in senior secured acquisition facilities, financing the purchase of companies in the restaurant franchise and motor vehicle dealer industries.
Representation of lead arranger and administrative agent in syndicated credit facilities for borrowers in the technology, healthcare, professional sports and manufacturing industries.
Representation of lead arranger and administrative agent in multinational, multicurrency senior debt facility for an international service company
Representation of commercial finance company in intellectual-property secured loans, and in structuring senior and subordinated warehouse facilities for such loans.
IP-backed note issuance that was named "Deal of the Year" by Securitization News, a financial industry publication.
Leveraged leasing facilities for manufacturing plants, distribution centers and corporate headquarters buildings, and securitizations of leveraged leases.
Member, Mecklenburg Bar Revue (traveling musical group sponsored by the Mecklenburg County Bar, specializing in political and legal satire)
Speaker, "Drama in the Syndicated Loan Market: Recent Developments in Structuring, Documentation and Case Law," Lorman Education Services Seminar, July 2012 and October 2013
Panelist, "Emerging Issues in the Syndicated Loan Market," 10 Banking and Finance Forum, October 2010
Speaker, "Legal Opinions in Business Transactions – Current Developments," North Carolina Bar Association Business Law Institute, April 2010
Panelist, "The Role of Lead Counsel in Syndicated Loan Transactions," ABA Working Group on Legal Opinions Seminar, April 2008
Speaker, "Preparing and Negotiating Transactional Legal Opinions," North Carolina Bar Association, April 2008
Selected for inclusion as a "Leading Lawyer," Commercial Lending: Advice to Lenders, North Carolina, Legal 500 US, 2016-2017
In the past year, McLeod Health has hired over 50 full time physicians, mid-level providers, and locum tenens physicians across our network of McLeod Regional Medical Center, McLeod Health Cheraw, McLeod Health Clarendon, McLeod Darlington, McLeod Dillon, McLeod Loris, McLeod Seacoast and McLeod Physician Associates.
With the rapid changes in healthcare, physician leadership and collaboration within a healthcare system will be critical to providing high-quality, efficient care to our community. Physician-led and integrated health systems like the Mayo Clinic and the Cleveland Clinic are often cited by our peers as models for future healthcare delivery systems. To promote these qualities within our own organization, McLeod is proud to announce the McLeod Health Physician Leadership Academy (PLA).
A 10 month educational program designed to prepare physicians for leadership roles within their practice and the health system. Twenty-five (25) physicians, from a variety of disciplines, will be selected from the application pool.
The Academy curriculum offers seminars by regionally and nationally recognized experts on a variety of topics, including: Emotional Intelligence, Healthcare Finance, Quality & Safety, Physician Alignment, and Team Building. Attendance at 75% of the academy events is expected. McLeod Health is excited to offer this program in 2018. As a medical staff member, we invite you to apply for this program if you are interested in serving in a leadership role within our organization.
If you feel that the Academy is right for you, we encourage you to complete our online application. Applications for the 2018 program need to be submitted by February 16, 2018.
Attendance Expectation – Attendance of the academy events is expected. We are asking you to make this a priority.
Group Project – Each participant will be assigned to a small work group at the beginning of the year. This group will be given a project to work on through out the year. The project will be related to a goal from the McLeod Health Management Action Plan. Each group will present their project at the end of the year to the rest of the group.
Myers Briggs Indicator Test – Each participant will complete the Myers-Briggs Type Indicator, as well as, participate in a 1 hour coaching session with an Executive Coach. The participants will use their results in the “Building Trust” and “Conflict Management” seminars we have scheduled this year.
McLeod Health is pleased to offer our new physicians and their families the services of the McLeod Physician Concierge program. The Physician Concierge will provide participants with assistance in obtaining services and appointments for your family’s needs and interestsThese may include childcare and children’s activities, local vendors including florists, salons, travel agents and housekeepers and tickets to regional entertainment and special event opportunities. For a complete list of services available please contact the McLeod Physician Concierge at (843) 777-7035 or carly.white@mcleodhealth.org
SPSS Inc. predictive analytics data mining software has been ranked as the number one choice of data mining professionals worldwide for a second consecutive year, according to the company. The "2008 Data Mining Survey" published by Rexer Analytics recognizes SPSS as the top data mining solution used to drive strategic decisions, improve operational processes, and resolve business problems, the company reports.
SPSS predictive analytics data mining software was identified in the survey as "the primary software package used by more data miners than any other software package," beating out SAS and other competitors, the company reported. SPSS also ranked as the most commonly used predictive analytics software (55 percent) as respondents placed a high value on dependability of the software, ability to handle large data sets, and quality of output.
Karl Rexer, Ph.D., founder and principal of Rexer Analytics, said, "The SPSS predictive analytics suite of products is clearly the preferred choice of data miners worldwide. For two consecutive years SPSS has earned the top ranking because of its ability to quickly resolve critical business issues and make an impact on the overall performance of their organizations."
Organizations realize tremendous value from SPSS' data mining software, a component of the SPSS predictive analytics product suite, through increased user productivity, new insight into business problems and powerful visualization, according to the company. With the ability to automate modeling-identifying the best analytic models and combining multiple predictions for the most accurate results-businesses gain behavioral insight that drives ROI as they focus on acquiring, growing, and retaining valuable customers, and detecting fraud and reducing risk, the company said.
SPSS data mining software also easily integrates with a customer's existing infrastructure and other SPSS predictive analytics products, the company says, including SPSS text mining to extract key concepts, sentiments and relationships for the analysis of unstructured data, and the Predictive Enterprise Services platform. This platform allows organizations to manage analytical results, automate analytical processes and deliver predictions and insight into business processes where needed.
Colin Shearer, senior vice president of market strategy at SPSS, said, "Once again, we're delighted to see our products recognized as leaders in the annual Rexer Analytics survey. The focus on driving strategic decisions and improving operational processes matches exactly what we're seeing in the market-that turning predictive analytics results into action is the key to driving ROI. That's why we put so much emphasis on ensuring our software and solutions deploy easily into business processes and systems."
Rexer Analytics is a data mining and CRM consulting firm offering advanced analytic solutions to clients in a variety of industries, including finance, technology, and retail services. For more information about Rexer Analytics or for a summary report of its Second Annual Data Miner Survey, visit www.RexerAnalytics.com.
SPSS Inc. (Nasdaq: SPSS - News) is a leading global provider of predictive analytics software and solutions. The company's predictive analytics technology improves business processes by giving organizations forward visibility for decisions made every day. By incorporating predictive analytics into their daily operations, organizations become predictive enterprises -- able to direct and automate decisions to meet business goals and achieve a measurable competitive advantage. More than 250,000 public sector, academic and commercial customers rely on SPSS technology to help increase revenue, reduce costs and detect and prevent fraud. Founded in 1968, SPSS is headquartered in Chicago, Illinois. For additional information, visit www.spss.com.
Company unveils Version 11 of the data warehouse software that is tightly integrated with the firm's...