This document summarizes Water en Energiebedrijf (W.E.B.) Aruba N.V.'s presentation to Parliamentary committees regarding a proposed electricity tariff increase. It outlines that W.E.B. has accomplished a 40% reduction in heavy fuel oil consumption through investments but faces rising fuel costs and a drop in electricity sales. Without a tariff increase, W.E.B. projects ongoing losses, inability to fund future operations and investments, and non-compliance with financial covenants. The proposed tariff increase would allow W.E.B. to further reduce fuel consumption and increase renewables while improving its financial position and compliance with financial ratios.
Let’s tackle the myths about all the components contained within supplier’s public lighting invoices.
Many within the unmetered supplies world are unsure what elements are contained within supplier’s invoices; and who gets what of their respective charges?
So let’s break down every aspect of a council’s public lighting & highways invoice.
To transparently discuss every line, every charge, any hidden charges and where the various payments go?
Also examine how the power gets to a typical 70 watt SON lamp on a residential street. The journey from the power station via a 400kV grid to the single phase exit point for the lamp.
This journey includes aspects of the national grid company, the Grid Supply Point (GSP) and the Distribution Network Operator (DNO). All these routes attract charges and losses (loss factors) for which the customer will ultimately pay.
So the presentation and workshop will open every box – from load factor, to billing at meter and billing at grid supply point; with an explanation.
Also tackle the complex DNO’s DUoS HH charges with reference to black, yellow and green charging periods.
This should result in ILP members having a clear understanding of energy accounts, and being able to manage expected consumption.
Also to suggest how the latest technology, such as CMS, can be realised through half hourly dynamic equivalent pseudo metering.
This brings in the perennial question – what are the differences between half hourly and non-half hourly trading for unmetered supplies?
It is envisaged that there will be plenty of opportunity for audience interaction to ask detailed and probing questions – these will be discussed and answered!
The presentation will almost conclude with the details of the next financial impact that councils will be faced with – electrical market reform – and when that will happen?
To end with the latest Energy saving UMS techniques and initiatives and how these can be made into tangible benefits on your bills!
Talk by Andrew Eades, npower
IFPRI Egypt Seminar Series provides a platform for all people striving to identify and implement evidence-based policy solutions that sustainably reduce poverty and end hunger and malnutrition. The series is part of the United States Agency for International Development (USAID) funded project called “Evaluating Impact and Building Capacity” (EIBC) that is implemented by IFPRI.
Let’s tackle the myths about all the components contained within supplier’s public lighting invoices.
Many within the unmetered supplies world are unsure what elements are contained within supplier’s invoices; and who gets what of their respective charges?
So let’s break down every aspect of a council’s public lighting & highways invoice.
To transparently discuss every line, every charge, any hidden charges and where the various payments go?
Also examine how the power gets to a typical 70 watt SON lamp on a residential street. The journey from the power station via a 400kV grid to the single phase exit point for the lamp.
This journey includes aspects of the national grid company, the Grid Supply Point (GSP) and the Distribution Network Operator (DNO). All these routes attract charges and losses (loss factors) for which the customer will ultimately pay.
So the presentation and workshop will open every box – from load factor, to billing at meter and billing at grid supply point; with an explanation.
Also tackle the complex DNO’s DUoS HH charges with reference to black, yellow and green charging periods.
This should result in ILP members having a clear understanding of energy accounts, and being able to manage expected consumption.
Also to suggest how the latest technology, such as CMS, can be realised through half hourly dynamic equivalent pseudo metering.
This brings in the perennial question – what are the differences between half hourly and non-half hourly trading for unmetered supplies?
It is envisaged that there will be plenty of opportunity for audience interaction to ask detailed and probing questions – these will be discussed and answered!
The presentation will almost conclude with the details of the next financial impact that councils will be faced with – electrical market reform – and when that will happen?
To end with the latest Energy saving UMS techniques and initiatives and how these can be made into tangible benefits on your bills!
Talk by Andrew Eades, npower
IFPRI Egypt Seminar Series provides a platform for all people striving to identify and implement evidence-based policy solutions that sustainably reduce poverty and end hunger and malnutrition. The series is part of the United States Agency for International Development (USAID) funded project called “Evaluating Impact and Building Capacity” (EIBC) that is implemented by IFPRI.
IEA Executive Director Fatih Birol's presentation to the Government of Japan's Analysis Meeting on International Finance and Economy on 21 April 2016 in Tokyo. Learn more at: http://www.iea.org/newsroomandevents/news/2016/april/iea-executive-director-briefs-japanese-pm-ahead-of-g7-summit.html
""Over the past three years, we have transformed Eni into a leaner and more resilient company. We have built a high margin portfolio consisting of a large number of mature projects, which will secure our production growth over the medium and long term, and a huge amount of reserves, which will give us flexibility and value."
In conclusion, this new Plan is characterized by the strong growth of all business lines, sustainable even in challenging scenarios, thanks to the consistency of the actions taken, the boosting integration and financial discipline. The Plan aims to further strengthen the portfolio of Eni’s activities and accelerate the generation of value for shareholders. The remuneration for shareholders will mainly take place through the distribution of dividends, while buy backs will be evaluated in the instance of cash exceeding our leverage target of 20-25%.
With conditions in the developed markets of Europe and North America likely to remain weak in the near term, business is increasingly looking to Asia for growth. Growth will not be uniform across sectors or even within them. Which subsectors will see the most dynamic growth? And what will drive it? Exports? Domestic sales? Technology? Innovation? Rising consumer incomes? What should companies be thinking about as they plan their Asia strategies for the next five to ten years?
The Economist Intelligence Unit (EIU), sponsored by InvestKL, developed the “industry dynamism” barometer to measure the resilience and growth potential of six industry sectors across Asia.
PwC Advisory Case Competition, 2nd place team
• Competed against 50 teams
• Identified strategic solutions for Baker Hughes to respond to the volatility of oil prices to improve profitability over the next 5 years
Short and medium term strategy updated: costs and capex optimization increased; energy transition targets confirmed, and investments in businesses linked to decarbonization raised. New shareholders’ remuneration policy put in place.
The purpose of ESCO was to identify and develop the UK's Electronic Systems Community. To establish a base-line, the Economic Footprint appendix established key economic figures, and demonstrated the UK-ESCO was a significant employer in and contributor to the UK Economy. The availability of a new core-data sample of 29aug14 gave us the opportunity to re-process this data 2yrs on from the original ... to give a well quantified idea of how the community has developed.
** For Spreadsheet follow link on http://ianp24.blogspot.co.uk/ **
Transformed: My Life In God's Kingdom. OBED ASAMOAH-GYARKOObed Asamoah-Gyarko
It is the desire of God that the believer attains the very nature of Jesus Christ. In this part 1/6 series, learn how to transform your Christian life through worship.
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IEA Executive Director Fatih Birol's presentation to the Government of Japan's Analysis Meeting on International Finance and Economy on 21 April 2016 in Tokyo. Learn more at: http://www.iea.org/newsroomandevents/news/2016/april/iea-executive-director-briefs-japanese-pm-ahead-of-g7-summit.html
""Over the past three years, we have transformed Eni into a leaner and more resilient company. We have built a high margin portfolio consisting of a large number of mature projects, which will secure our production growth over the medium and long term, and a huge amount of reserves, which will give us flexibility and value."
In conclusion, this new Plan is characterized by the strong growth of all business lines, sustainable even in challenging scenarios, thanks to the consistency of the actions taken, the boosting integration and financial discipline. The Plan aims to further strengthen the portfolio of Eni’s activities and accelerate the generation of value for shareholders. The remuneration for shareholders will mainly take place through the distribution of dividends, while buy backs will be evaluated in the instance of cash exceeding our leverage target of 20-25%.
With conditions in the developed markets of Europe and North America likely to remain weak in the near term, business is increasingly looking to Asia for growth. Growth will not be uniform across sectors or even within them. Which subsectors will see the most dynamic growth? And what will drive it? Exports? Domestic sales? Technology? Innovation? Rising consumer incomes? What should companies be thinking about as they plan their Asia strategies for the next five to ten years?
The Economist Intelligence Unit (EIU), sponsored by InvestKL, developed the “industry dynamism” barometer to measure the resilience and growth potential of six industry sectors across Asia.
PwC Advisory Case Competition, 2nd place team
• Competed against 50 teams
• Identified strategic solutions for Baker Hughes to respond to the volatility of oil prices to improve profitability over the next 5 years
Short and medium term strategy updated: costs and capex optimization increased; energy transition targets confirmed, and investments in businesses linked to decarbonization raised. New shareholders’ remuneration policy put in place.
The purpose of ESCO was to identify and develop the UK's Electronic Systems Community. To establish a base-line, the Economic Footprint appendix established key economic figures, and demonstrated the UK-ESCO was a significant employer in and contributor to the UK Economy. The availability of a new core-data sample of 29aug14 gave us the opportunity to re-process this data 2yrs on from the original ... to give a well quantified idea of how the community has developed.
** For Spreadsheet follow link on http://ianp24.blogspot.co.uk/ **
Transformed: My Life In God's Kingdom. OBED ASAMOAH-GYARKOObed Asamoah-Gyarko
It is the desire of God that the believer attains the very nature of Jesus Christ. In this part 1/6 series, learn how to transform your Christian life through worship.
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Kin Housing is an investment management and professional services company with a focus on the real estate market. We help people identify and acquire properties that are most suitable for their residential and investment needs along with helping them with the best financing and insurance solutions.
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Cabot Oil & Gas Slide Presentation at Merrill Lunch Energy ConferenceMarcellus Drilling News
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1. Electricity Tariff Increase
Water en Energiebedrijf (W.E.B.) Aruba N.V.
The roadmap to HFO reduction & renewable energy increase
Presented to Parliamentary Energy
& Financial Committees Sept. 4, 2014
2. Presentation contents
Accomplishments till now
Current realities
The road ahead
Financial state/outlook
The roadmap to HFO reduction & renewable energy increase 2
3. Accomplished till now
W.E.B. Aruba N.V.’s strategy for 2005–2013:
Total investments for 2005-2013 of Afl. 450 Million.
Total HFO reduction of approx. 40% or Afl. 160 Million/year.
Realized renewable penetration of 17%.
The roadmap to HFO reduction & renewable energy increase 3
4. RECIP 1
24 MW RECIP 2
6,180 6,166 6,227
24 MW
SWRO1
8,000m3
5,635
5,296
WP Vaderpiet
30 MW
4,922 4,992
4,172
3,791
3,716
3,543
$36.13
$46.27
$51.99
$77.66
$55.40
$73.13
$99.02
$102.83
$97.13 $97.51
$120
$100
$80
$60
$40
$20
$-
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
HFO Price in USD/Bbl
HFO Consumption in Bbls/Day
HFO Bbl/Day HFO (all-in) Price
RECIP 3 & WHRB
44 MW
SWRO2
24,000m3
4
Accomplished till now
40% reduction in HFO Consumption
while prices increased with 170%
The roadmap to HFO reduction & renewable energy increase
5. Current realities
Increase Fuel Oil expenses
Increased handling fees from US$ 2.40 to 6.50 (by Valero).
Change of invoicing method to delivered price (by Valero).
Higher Fuel Oil consumption (WEB), due to:
• Equipment not operating at optimal efficiency levels.
o Increased wind energy production
Drop in electricity sales combined with a high peak demand.
The roadmap to HFO reduction & renewable energy increase 5
6. Current realities
Correlation between monthly tariff vs. Fuel Oil pricing 2005 - 2014
The roadmap to HFO reduction & renewable energy increase 6
7. Current realities
The roadmap to HFO reduction & renewable energy increase
7
RELIABLE AFFORDABLE SUSTAINABLE
8. Current realities
The year-to-date result up to July 2014 + the forecasted trend
provide the following outlook, if the tariff is not increased:
Current realities in Afl. in Millions & Ratio's Norm 2013 2014 2015 2016 2017 2018
Cash at end of period - before increase (15.0) 3.7 (20.4) (42.5) (68.2) (77.8) (87.5)
Net profit before tax 18.0 (3.1) (1.8) (7.5) (8.0) 1.6 (1.2)
Debt Service Coverage Ratio 1.30 0.92 1.34 1.14 1.11 1.25 1.26
Equity Ratio 0.50 0.49 0.48 0.46 0.43 0.45 0.47
Current Ratio 1.00 1.18 1.16 0.96 0.79 0.72 0.68
The roadmap to HFO reduction & renewable energy increase
8
Outlook is negative:
Insufficient funds to fund operation and future investments
Poor financial performance resulting in yearly losses
Non-compliance with financial covenants – unable to obtain financing
9. The road ahead
Strategy WEB Aruba for 2014–2018:
Further reduce dependency on Heavy Fuel Oil.
Enhance production plant automation with Intelligent
Generation Management System (IGMS)
Introduce Energy Storage solutions
Further implementation of affordable renewable technologies
The roadmap to HFO reduction & renewable energy increase 9
10. The road ahead
Strategy WEB Aruba for 2014–2018:
Investments for 2014-2018 of Afl. 211 Million.
Realize an extra HFO reduction of approx. 20% or Afl. 80
Million/year.
Increase renewable penetration from 17% to approx. 40%.
The roadmap to HFO reduction & renewable energy increase 10
11. 11
The road ahead
60% HFO reduction compared to 2005
The roadmap to HFO reduction & renewable energy increase
12. Financial outlook
Tariff adjustment required! The adjustment is based on the
following assumptions:
Income/expenses:
Reduced electricity sales for 2014, 2015 and 2016
Reduced operating expenses
Investments:
Delayed Windpark Urirama
Delayed SWRO III (fixed plant)
The roadmap to HFO reduction & renewable energy increase 12
13. Increase Electricity tariff to ELMAR as of October 1st, 2014. The
financial impact is as follows:
Cashflow in Afl. in Millions Norm 2013 2014 2015 2016 2017 2018
cash at end of period - before increase (15.0) 3.7 (20.4) (42.5) (68.2) (77.8) (87.5)
cash at end of period - after increase (15.0) 3.7 (19.5) (19.3) (23.2) (13.0) (2.8)
cumulative increase in cashflow 1.0 23.2 45.1 64.7 84.7
Financial outlook in Afl. in Millions & Ratio's Norm 2013 2014 2015 2016 2017 2018
Net profit before tax 18.0 (3.1) 5.4 20.4 19.3 28.9 26.0
Debt Service Coverage Ratio 1.30 0.92 1.49 1.71 1.66 1.67 1.73
Equity Ratio 0.50 0.49 0.49 0.50 0.51 0.56 0.61
Current Ratio 1.00 1.18 1.22 1.23 1.17 1.23 1.35
Based on actual figures up to July 2014 and forecasted figures for remainder of the years.
13
Financial outlook
The roadmap to HFO reduction & renewable energy increase