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Central Vermont Public Service (NYSE: CV) reported today consolidated earnings of $21 million, or $1.66 per diluted share of common stock, for 2010, compared to $20.7 million, or $1.74 per diluted share of common stock, for the same period in 2009. The lower 2010 earnings per diluted share of common stock are due to the completion of its common stock at-the-market program (’ATM’ see below).
CV reported fourth-quarter 2010 consolidated earnings of $5.3 million, or 40 cents per diluted share of common stock, compared to $2.2 million, or 18 cents per share, for the same period in 2009. ANNUAL REPORT
‘We continue to make steady progress,’ Executive Chairman, Bob Young said. ‘Increased demand in the second half, attributable to warmer weather during the summer and some easing of the economic problems of the past couple of years, helped significantly.
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Three out-of-state companies that charged local consumers and businesses on their telephone bills for services that many of the affected Vermonters claim they did not agree to buy have entered into settlements with the Vermont Attorney General’s Office. The companies are Durham Technology, LLC, d/b/a MyiProducts IMail, of Indianapolis, Indiana; More Local Reach, Inc., of Boca Raton, Florida; and YPD Corporation of Smyrna, Georgia. Together, the three firms billed over $220,000, all of which must be refunded.
Between 2005 and 2010, MyiProducts charged over 1,300 Vermonters more than $78,000 for a voicemail service. Between 2007 and 2010, More Local Reach and YPD, respectively, charged 214 and 201 Vermont businesses more than $58,000 and $84,000 for services related to online business directories. All of the charges appeared on local telephone bills and were facilitated by a middleman (called an ‘aggregator’), Enhanced Services Billing, Inc (’ESBI’), of San Antonio, Texas.
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Champlain College’s Roger H Perry Hall is the winner of the 2011 Architectural Excellence Award presented by the Burlington Business Association.
The Architectural Excellence Award is granted to a project contributing significantly to the physical or architectural quality of Burlington. Champlain College began their $12 million renovation of the historic Roger H Perry Hall in May of 2009. This project not only called for the complete renovation of the building but for some significant additions to the original structure and the land surrounding it. With approval for the project, Champlain went full speed ahead, finishing the restoration completely by late August of 2010, just in time to welcome the incoming students.
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by Anne Galloway March 14, 2011 vtdigger.org
Last week, the House passed an Internet sales tax bill that, in theory, would force out-of-state Internet giants like Overstocks.com and Amazon.com to collect sales taxes on the products they sell to Vermonters.
The two-page bill, H.143, passed on third reading Thursday, and on Friday morning the Senate sent the legislation to its Finance Committee. An identical piece of legislation, S.54, introduced by two unlikely comrades in arms ‘ conservative Sen. Richie Westman, R-Cambridge, and ultra-liberal Sen. Tim Ashe, D/P-Burlington, is also in play.
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US Senator Bernie Sanders (I-VT) today detailed how Vermonters would be hurt by budget cuts recommended by congressional Republicans.
‘The rich are getting richer. The middle class and poor are getting poorer. Meanwhile, we have a $1.5 trillion dollar deficit and a $14 trillion dollar national debt. What is the Republican solution to the deficit crisis? More tax breaks for millionaires and billionaires. Savage cuts in programs that are desperately needed by working families,’ said Sanders, a member of the Senate Budget Committee.
The House-passed budget bill would throw 336 Vermont children off of Head Start and cut or eliminate Pell grants for 13,000 Vermont college students. The average Vermont college student would see their tuition assistance fall by $700.
In addition, some 37,000 Vermonters would lose access to primary health care because of a $1.3 billion cut to community health centers.
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Standing alongside Vermonters struggling with rising gas prices, Representative Peter Welch on Monday announced three pieces of legislation to help calm rising prices in the short term and combat energy market speculation in the long term. Gas prices in Vermont are up nearly one dollar since September, hitting $3.74 in parts of the state.
At the Montpelier City Public Works Department, Welch was joined by Cabot Cheese Warehouse and Distribution Manager Louie Quintin, owner of Middlesex Electric Donald Pierce and Montpelier City Manager Bill Fraser, all of whom are trying to absorb rising gas prices into tight budgets. The legislative initiatives would eliminate tax loopholes that encourage energy market speculation, release fuel from the nation’s Strategic Petroleum Reserve (SPR) to calm rising prices and set criminal penalties for those found to be engaging in price gouging.
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Vermont Housing affordability improved in 2010 for the fourth consecutive year, according to The Vermont Economy Newsletter’s annual housing affordability analysis.
‘The share of median family income needed to finance the payments on a median priced home in Vermont fell to 14.8% in 2010, the lowest percent of income needed to service a mortgage since 2002,’ said Art Woolf, author of the study. ‘In the 24 years we have been tracking housing affordability, there have been only four years when housing has been more affordable than in 2010.’
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The International Center for Captive Insurance Education (ICCIE), based in Burlington, closed the book on 2010 by finishing another year in the black - and by graduating 50 Associates in Captive Insurance (ACIs), bringing the total to date to nearly 200 industry professionals who have completed the captive industry's only designation.
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Senator Bernie Sanders (I-VT) is slated to be named chairman of the Senate Subcommittee on Primary Health and Aging. Part of the Committee on Health, Education, Labor & Pensions, the panel that Sanders will head is responsible for several areas that are among his top priorities, including community health centers, home heating assistance, seniors programs, pensions and dental care.
Sanders has been a champion in Congress for community health centers, securing $11 billion in last year’s health care reform law to increase the number of patients served in the next five years by 20 million. That infusion of support came on the heels of another $2 billion that he added in the 2009 stimulus bill.
The centers provide affordable primary and dental care as well as low-cost prescription drugs and mental health counseling. In Vermont, Community health Centers now serve over 100,000 Vermonters.
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Champlain College's annual Spring Job Fair will play host to more than 100 area businesses and organizations and offer an array of workshops to help students and others find employment.
The annual Champlain College Job Fair will be held on Monday, March 28, from 1:30 to 5:30 p.m. in the Argosy Gymnasium at 262 South Willard St., Burlington. The event is free and open to the public.
By co-mingling students with the general public, Champlain's Career Services Office feels it provides a more realistic view of the job market and is also more attractive to area businesses. "It enables our students to understand first hand that the market is competitive and that they must be prepared and professional to get a job," explained Dolly Shaw, director of Champlain College Career Services.
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The Lake Champlain Committee is joining with the EPA’s WaterSense Program to promote Fix a Leak Week. Fix a Leak Week encourages Americans to find and fix residential leaks and to help put a stop to the more than 1 trillion gallons of water wasted from household leaks each year. Leaks can also account for more than 10,000 gallons of water in an average home every year’enough water to wash nearly 10 months’ worth of laundry.
‘Conserving water saves money, saves energy, and helps reduce nutrient pollution in Lake Champlain’, notes LCC Executive Director Lori Fisher. ‘Letting a faucet run for five minutes uses about as much energy as letting a 60-watt light bulb run for 14 hours. Even a pin-hole size leak can waste 4,000 gallons a month!’
To help save water for future generations, the Lake Champlain Committee is asking consumers and businesses to take time during the coming week to improve water efficiency by finding and fixing leaks.
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US Senator Patrick Leahy (D-VT) and IBM Friday celebrated the overwhelming Senate approval of patent reform legislation as one of the country’s first steps toward modernizing the USpatent system which is essential to protecting inventors, preserving American innovation leadership and generating economic growth. The bill passed this week, 95 to 5, with a tidal wave of bipartisan support. If passed by the House and signed into law by President Obama, the America Invents Act would be the first comprehensive reform to the US Patent System in nearly 60 years.
Patenting is increasingly important for protecting new innovations and helping a range of entities from entrepreneurs to large-to-medium-size companies to bring ideas to fruition and job creation.