BED to Seek Rate Increase

first_imgBED to Seek Rate IncreaseBurlington Electric Department announced October 23, 2008, that it will seek a rate increase of up to 5.9 percent from the Public Service Board, pending the approval of the City Council. The increase would become effective Jan. 1, 2009. The exact amount of the increase will be determined as BED endeavors to arrange the optimal debt strategy for 2009 and beyond. The need for the increase is driven by increased power, transmission and operating costs, along with declining sales of electricity that are a result of BED’s successful energy efficiency programs.BED has advanced its ongoing major capital projects, the McNeil air quality improvements and the East Avenue reliability upgrade, through favorable short-term borrowing arranged through the City. This allows BED to reap the benefits of these projects in lowered operating costs as it moves into 2009 without fully absorbing the cost of the debt these projects will require.”That’s the bright side,” said general manager Barbara Grimes. “More problematic is that these projects will still need long-term financing in a bond market that is very uncertain, given the current financial turmoil. Though thankfully we have voter support to obtain bond funding, and we prefer long-term to short-term debt, the bond market is currently expensive. It is difficult to say today when the time will be right. But by implementing these cost-effective projects now, we can count on reaping their benefits to lower the amount needed when we do go for long-term financing.”BED is sensitive to the difficult economic times Burlington’s residents and businesses are experiencing. “While we’re reluctant to put off what we know will be needed and defer debt until tomorrow, we think it is best in the current economic situation to ask for as small a revenue increase as possible,” said Grimes.BED will continue to offer aggressive energy efficiency programs to all its customers. “We’ve known through our planning that these programs will reduce revenue and impact rates in the short term, but participating in these offerings is the best way for our customers to lower their own bills and offset the increased cost. The payoff will come in the long term, when BED can avoid buying new supply sources.”All BED customers are encouraged to explore what’s available for reducing their energy bills by visiting BED’s web site, www.burlingtonelectric.com(link is external), or by calling 658-0300.#30last_img read more

2-for-1 deal: Sellers swap homes in unusal sale

first_imgThe home at 11 Buena Vista Ave, Coorparoo.More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours ago“They were looking for a bigger home close to the city,” Ms Reich said.The 1960s home on a 1578sq m block has been renovated and extended. The two-level home has four bedrooms, two bathrooms, open-plan living and dining area that opens to an entertaining deck with city views, kitchen, laundry and additional family room. City views from 11 Buena Vista Ave, Coorparoo.In a bizarre twist, Ms Reich then sold a house at Carindale, the buyers’ previous home, to the sellers of 7 Buena Vista Ave before it went to market.Ms Reich said this was a rare situation.“I said to them (the sellers), ‘I have the perfect house for you.’”Ms Reich sold the Carindale home for $1.3 million. “Essentially, it is two separate sales,” she said. “But a great situation where I was able to give the opportunity to the seller to purchase the buyers’ house.” 7 Buena Vista, CoorparooTwo sellers, one after a bigger family home and the other looking to downsize, have swapped homes. Marketing agent Ivana Reich of McGrath Bulimba said her clients, a young family, bought 7 Buena Vista Ave, Coorparoo for $1,925,000.last_img read more

SAD PASSING OF ST EUNAN’S LEGEND SEAMUS ‘IRON MAN’ MCCANN

first_imgThe death has been announced of St. Eunan’s Legend and Hall of Fame Footballer, Seamus “Iron Man” McCann.He was inducted into club’s Hall of Fame just two years ago.Affectionately known as “The Chap”, Seamus won 2 Senior  County Championship medals with St. Eunan’s (1956 & 1960). He also won several underage titles and captained the St. Eunan’s Juvenile team to their first ever 3-in-a-row of Co. Championships in 1952  – a year in which he also won a Senior Co. League medal at just 16 years of age.Seamus is reposing at his late residence in College Farm Rd.His Funeral Mass will take place in St. Eunan’s Cathedral at 12:30pm on St. Patrick’s Day (Saturday) and will be followed by interment in Conwal Cemetery. The Club says it will be forming a Guard of Honour for Seamus at the funeral.  SAD PASSING OF ST EUNAN’S LEGEND SEAMUS ‘IRON MAN’ MCCANN was last modified: March 15th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:SAD PASSING ST EUNAN’S LEGEND SEAMUS ‘IRON MAN’ MCCANNlast_img read more