Fairpoint spends $15 million on vehicles, Vermont included

first_imgREGIONAL AUTO DEALERS TO SUPPLY VEHICLESFairPoint Communications Spending $15 millionPORTLAND, Maine (June 26, 2008) – FairPoint Communications has entered into agreements with five regional automobile dealerships to purchase motor vehicles as part of its $15 million vehicle purchase and customization plan. Ford F-450 and Ford F-750 trucks will be purchased from Heritage Automotive Group, Inc. in South Burlington, Vermont, Grappone Automotive Group in Concord, New Hampshire, Rowe Ford Sales in Portland, Maine and Whited Ford in Bangor, Maine. These trucks will augment the existing fleet of vehicles used by FairPoint technicians as they bring new voice and high-speed Internet services to customers as well as providing reliable customer service.Additionally, Gateway Motors in White River Junction, Vermont will supply Ford Escape utility vehicles for use by FairPoint central office technicians. Central office technicians install and maintain the electronic components of FairPoint’s current and next generation broadband and voice network. Regional businesses will also provide associated customization services to these and other FairPoint vehicles. Customization services include adding the aerial buckets and storage compartments needed on each vehicle as well as the FairPoint Communications logo and signage.”In selecting these local automobile dealerships and vehicle upfitters, FairPoint is demonstrating its commitment to doing business locally,” said Peter Nixon, president of FairPoint. “We will buy locally whenever we can as we do our part to help stimulate economic growth throughout the region.”About FairPointFairPoint Communications, Inc. is an industry leading provider of communications services to communities across the country. Today, FairPoint owns and operates 32 local exchange companies in 18 states offering advanced communications with a personal touch including local and long distance voice, data, Internet, television and broadband services. FairPoint is traded on the New York Stock Exchange under the symbol FRP. Learn more at www.fairpoint.com(link is external).# # #last_img read more

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Groups urge Shumlin to work with Legislature to allow PSB to act on Vermont Yankee’s continued operation

first_imgIn an open letter to Governor Shumlin, leading organizations representing industry, labor, and energy stakeholders today expressed concern about the closing window of opportunity to allow the Public Service Board to complete its docket on Vermont Yankee’s continued operation beyond 2012, and the serious economic consequences for Vermont if the plant is not allowed to operate under a renewed license.Absent realistic and viable alternatives for more affordable and reliable power, Associated Industries of Vermont, the International Brotherhood of Electrical Workers, and the Vermont Energy Partnership urged Governor Shumlin to work with the Legislature and allow the Public Service Board to complete its outstanding docket on relicensing and determine whether continued operation of Vermont Yankee is it the best interest of the state.The text of the open letter follows:An Open Letter to Governor ShumlinFebruary 3, 2011Dear Governor Shumlin:We are writing out of serious concern about the impact Vermont Yankee’s shutdown in 2012 would have on our electric rates and the resulting costincreases for Vermont employers and risks for the welfare of workingVermonters and their families.If Vermont cannot secure sufficiently reliable alternative sources of powerat a lower price than a new power purchase agreement with Vermont Yankee,the responsible action now is for the Legislature and your Administration toallow the Public Service Board to make a decision in its docket on whetherYankee’s continued operation is in the best interest of Vermont.Realistic, viable alternatives to Vermont Yankee that are more affordableand reliable are not apparent. If your Administration can identify suchalternatives, however, we urge you to do so now, because time is runningvery short for the Board to act soon enough for Yankee to continue tooperate past 2012.The new contracts with Hydro-Quebec appear competitive, but we cannot expectHQ would replace their own expiring contracts and Vermont Yankee, nor wouldit be prudent to have a single company supply such a large portion of ourelectric portfolio. Even the last public offer made by Yankee in December2009 would be highly competitive against realistic alternatives today. Withthe continued negotiations between Yankee and Vermont’s utilities sincethen, it is reasonable to expect any final agreement will be morecompetitive than the HQ deal.We cannot relegate the replacement of Vermont Yankee to the vagaries of theNew England market. Although relatively competitive with Yankee at themoment, market prices cannot be expected to remain so for 20 years, and justthe risk alone of high and unstable prices makes this an unacceptablealternative. It is also worth noting that relying on the regional marketwould undermine Vermont’s extremely low-carbon electric portfolio — a highpriority for many Vermonters.Finally, we cannot rely on Vermont Yankee operating under some form offederal preemption or related legal action — it would appear likely thatsuch a scenario could put at risk any advantageous power contracts or otherspecial benefits for Vermont.Without more affordable and reliable alternatives at hand, the consequencesof Vermont Yankee shutting down in March 2012 will be extremely grave.Vermont will face 1) increased electric rates from more expensivereplacement power than Yankee would offer, 2) increased rates from the costof projects required to shore up the electric grid’s reliability, 3)possible periods of reduced reliability if such projects are not completedin time, and 4) the loss of well over 1,000 jobs from Yankee itself,companies doing business with the plant, and other businesses facing higherelectric rates.Indeed, replacing jobs lost if Vermont Yankee shuts down appears asdifficult as finding acceptable power alternatives. Decommissioning jobs donot come close to those connected with continued operation in number,average wage, or duration. Renewable energy projects have been shown tocreate comparatively few jobs, especially beyond construction, and the costand permitting obstacles to the enormous scale of development that would benecessary to attempt to replace all the long-term jobs lost from Yankee’sclosure make this solution extremely unrealistic. Moreover, development andpower costs would only exacerbate job losses owing to increased electricrates.We understand that you and legislative leaders have long opposed thecontinued operation of Vermont Yankee. But you have also put jobs and theeconomy at the forefront of your agenda, and stated publicly that Vermontbusinesses need the most affordable and reliable power that Vermont canfind. These positions are not compatible with forcing Yankee to close ifthere are not more affordable and reliable alternatives.This might be a difficult decision for opponents of Vermont Yankee, butresponsibility for Vermont’s economy and the welfare of working Vermontersand their families is at stake. Absent better alternatives, we urge you towork with the Legislature to allow the Public Service Board to make adecision on Vermont Yankee before the clock runs out and this option islost, with serious negative consequences for decades to come.We sincerely look forward to working with you and supporting you in thiseffort.Associated Industries of VermontInternational Brotherhood of Electrical WorkersVermont Energy Partnershiplast_img read more

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People’s United Bank sponsors Bowl for Kids’ Sake

first_imgPeople’s United Bank,Big Brother Big Sisters of Windham County recently received $3,000 from People’s United Bank to sponsor the 31st Annual Bowl for Kids’ Sake fundraising event.The event will be held on April 7th and teams will bowl and raise money to help provide a high quality mentoring program in Windham County for many wonderful kids who need and want a mentor. The money raised at Bowl For Kids Sake will go to support every aspect of the program: recruiting, screening, training and supporting mentors; learning about Littles so a good match is made with a great Big; supporting the Littles and their parents; providing fun activities for Bigs and Littles to attend, and other administrative expenses.There are so many wonderful kids who need and want a mentor. Mentors are ordinary people doing something very special for as little as one hour a week and making a big difference in the lives of local youth. Mentors do what they normally would but do it with their Little, such as cooking dinner, go to the movies or a quiet walk in the woods.Recent surveys of Windham County’s Little Brothers and Little Sisters demonstrate a 79% increase in their self-confidence; 74% increase in their ability to express their feelings; 67% increase in their decision-making ability; 66% increase in their academic performance and their use of school resources; and 61% improvement in their attitude towards school.‘It is only through the generous support of local businesses such as People’s United Bank, that Youth Services can provide the Big Brother Big Sisters program to kids who really benefit from having caring mentors in their lives,’ said David Brown, Interim Executive Director, Youth Services, Inc.‘We are proud of People’s United Bank’s history of sponsorship, that spans over a decade, making a positive difference in the lives of local youth,’ said Arne Hammarlund, Community Services Manager at People’s United Bank.Big Brothers Big Sisters of Windham County is a program of Youth Services, Inc. Since 1972, Youth Services’ programs have been helping area youth and families cope with tough issues. A staff of professionals assists area youth and families with problems ranging from the challenges associated with growing up to substance abuse or trouble with the law. The agency’s goals are to be responsive to the needs of the residents of Windham County and nearby New Hampshire and to be accessible to everyone, regardless of their ability to pay for services.People’s United Bank is a subsidiary of People’s United Financial, Inc., a diversified financial services company with approximately $25 billion in assets. Peoples United Bank, founded in 1842, provides consumer, commercial and wealth management services through nearly 340 branches in Connecticut, Vermont, New Hampshire, Massachusetts, Maine and in Westchester County and Long Island, New York. Through additional subsidiaries, People’s United provides equipment financing, asset management, brokerage and financial advisory services, and insurance services.Brattleboro, VermontPhoto:Arne Hammarlund, Community Services Manager at People’s United Bank presents a $3,000 check to David Brown, Interim Executive Director at Youth Services, Inc.last_img read more

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