Howard Foundation offer community grants

first_img Howard Lake | 15 August 2006 | News Howard Foundation offer community grants The Katharine Howard Foundation is inviting applications in support of community projects and initiatives, with a grant deadline of 29th September. The Foundation was established in 1979 by Katharine Howard and is operated through a voluntary Board of Trustees and small support staff.The Foundation supports organisations and projects related to work in disadvantaged areas throughout Ireland, with Co. Wexford and South Wicklow (where the late Miss Howard lived) given particular consideration.The Trustees are keen to support the formation and development of community groups by those who live in the area, especially where this will lead to building co-operation and community spirit at a local level. KHF concentrates on giving a small grant to projects where it will make an impact and the Foundation therefore looks favourably towards start-up projects and to those that might be co-funded from other sources. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  26 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img Tagged with: Ireland Funding for research studies that aim to produce positive recommendations for improving the quality of life of disadvantaged sections of the community will also be considered through the General Grant applications. The Foundation is particularly interested in co-funding action research projects that link to early intervention and family support in disadvantaged areas.Applications will be considered for Projects supporting:— Families— Children and young people— People with disabilities— Older people— Refugee and asylum seekersGrants are normally in the range of euro 500 – 2,500. About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Income of Armed Forces charities soars over five-year period, CAF research finds

first_img  165 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis5 Income of Armed Forces charities soars over five-year period, CAF research finds Tagged with: Armed Forces Charities Aid Foundation Research / statistics AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis5 CAF analysed the data ahead of Armed Forces Day this Saturday, 29 June by examining annual returns submitted to the Charity Commission from more than 1,100 charities.Susan Pinkney, Head of Research at CAF, said the increasing popularity of Armed Forces charities may be linked to the moving and widespread commemorations of the Great War.She said:“Armed Forces charities do vital work supporting troops, veterans and their loved ones. It’s quite possible that with the four-year-long centenary commemorations of the First World War, the work of these charities received more well-deserved attention and resulted in an increase in donations. This level of giving once again demonstrates the positive impact of charitable giving across the UK.”However, the figures show that the surge in incomes for these charities was confined to a select few high profile organisations, such as Blind Veterans UK and the Royal British Legion. The median income for an armed forces charity fell by 4% between 2013 and 2017, whilst the largest 10 charities saw their combined income grow by 27%, equivalent to a boost of £70m. Melanie May | 28 June 2019 | News Image: Armed Forces Day, Colchester.  164 total views,  2 views today Figures from Charities Aid Foundation have revealed a significant increase in the income of Armed Forces charities over the past five years.Armed Forces charities in England and Wales brought in £5.2 billion in income between 2013 and 2017 with legacy income also growing significantly: by 45% to £98 million over the same time.According to CAF‘s figures, the charities benefitted from a boost in donations as well as investments and earned incomes. The income for 2017, the last year for which details are available, was £1.1 billion – up 16% compared to 2013. Advertisement About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more

Military authorities use all means possible to prevent coverage of current events

first_img News US journalist held in Yangon prison notorious for torture Help by sharing this information Organisation to go further News August 28, 2007 – Updated on January 20, 2016 Military authorities use all means possible to prevent coverage of current events MyanmarAsia – Pacific News Follow the news on Myanmar May 12, 2021 Find out morecenter_img MyanmarAsia – Pacific RSF_en Thai premier, UN rapporteurs asked to prevent journalists being returned to Myanmar Receive email alerts RSF asks Germany to let Myanmar journalist Mratt Kyaw Thu apply for asylum May 26, 2021 Find out more May 31, 2021 Find out more News Reporters Without Borders and the Burma Media Association firmly condemn the methods being used by the military government to prevent journalists, including those working for foreign media, from covering a wave of unrest in response to an increase in the price of fuel. The two organisations call on European embassies in Rangoon to publicly defend the right of Burmese journalists to work without obstruction.“The military’s response to the wave of protests against price increases since 19 August has again been heavy-handed repression, intimidation and censorship of Burmese journalists,” the two organisations said. “Despite the violence by the military and their bully-boys, reports and pictures of the demonstrations are being seen abroad. This testifies to the courage of the Burmese journalists and demonstrators.”The censorship bureau and the police stepped up controls after the government decided to raise the price of fuel on 15 August.The Burmese correspondents of foreign news media say they been subjected to a great deal of intimidation from plain-clothes police and members of the Union Solidarity and Development Association (the regime’s militia) while covering the recent demonstrations in Rangoon. Armed with spades and iron bars and circulating in army trucks, police and militiamen have been insulting and threatening journalists. An unidentified journalist was roughed up by men in plain clothes as he took pictures of people lining up to take public transport in the capital on 22 August. USDA members and police prevented journalists from approaching a group of street demonstrators in Rangoon the next day. USDA thugs jostled and insulted journalists. A Reuters reporter was forbidden to take pictures of arrests and the police finally seized his cameras.As a result of this intimidation, Agence France-Presse has described coverage of the current events as “delicate.” A journalist working for a foreign news organisation based in Bangkok told Reporters Without Borders that its Burmese stringer had been forced to stay away from the demonstrations because of the constant intimidation. “Men in plain clothes impose an atmosphere of fear around the demonstrations which prevents us from working,” said one Burmese journalist employed by a foreign news organisation. “It is hard to risk being arrested for a photo.”The Rangoon military command has banned journalists from taking photos of demonstrations and has ordered the seizure and destruction of cameras from those who do not comply. In order to hamper the dissemination of reports, the authorities are said to have slowed Internet traffic, even for private companies. According to some accounts, it has become increasingly difficult to access gmail.com and gtalk. Mobile phone networks have also been disrupted since demonstrators began gathering every day in Rangoon last week.Lots of the images and reports of the demonstrations seen abroad have come from demonstrators or amateur journalists. The magazine Irrawaddy has paid homage to them and is talking of the emergence of “citizen-journalists” in Burma.After banning the Burmese media from publishing any reports about the demonstrations, the government announced that their leaders, known as the Generation 88 activists, will be prosecuted for trying to start an uprising. They face up to 20 years in prison. After a 10-day news blackout, the media have also been told they can now refer to the fuel price increase, albeit only in positive terms.last_img read more

Donation From Guruvayoor Devaswom Funds To Chief Minister’s Distress Relief Fund Illegal : Kerala High Court

first_imgNews UpdatesDonation From Guruvayoor Devaswom Funds To Chief Minister’s Distress Relief Fund Illegal : Kerala High Court LIVELAW NEWS NETWORK18 Dec 2020 8:13 AMShare This – x’All the properties, including movable and immovable properties and money, dedicated to or endowed in the name of Lord Guruvayurappan or any property acquired in any manner by Guruvayur Devaswom shall vest in the idol of Lord Guruvayurappan, consecrated in Sree Krishna Temple, Guruvayur.The Kerala High Court has held that the Guruvayoor Devaswom Managing Committee has no authority to contribute any amount from the Devaswom Funds to Chief Minister’s Distress Relief Fund or to any other Governmental agency.All the properties, including movable and immovable properties and money, dedicated to or endowed in the name of Lord Guruvayurappan or any property acquired in any manner…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Kerala High Court has held that the Guruvayoor Devaswom Managing Committee has no authority to contribute any amount from the Devaswom Funds to Chief Minister’s Distress Relief Fund or to any other Governmental agency.All the properties, including movable and immovable properties and money, dedicated to or endowed in the name of Lord Guruvayurappan or any property acquired in any manner by Guruvayur Devaswom shall vest in the idol of Lord Guruvayurappan, consecrated in Sree Krishna Temple, Guruvayur, a full bench comprising of Justices A. Hariprasad, Anu Sivaraman and MR Anitha overruling a judgment delivered last year which had upheld the donation of Rs. 5 crore made during the 2019 floodsReferenceThe court was answering a reference from the Division bench whether the Managing Committee of the Guruvayoor Temple can make donations for non-religious purposes, before the Chief Justice for consideration by a larger bench.A division bench of Justice Shaji P. Chaly and Justice MR Anitha had earlier referred PILs filed by Hindu devotees against the donation of an amount of Rs. 5 crores made by the Committee of the Guruvayoor Devaswom to the Chief Minister’s Distress Relief Fund, on May 5, 2020, in view of the COVID-19 situation. The bench had doubted the judgment in Anil V. v. State of Kerala & Ors., WP (C) No. 19035/2019, which had upheld the donation of Rs. 5 crore made during the 2019 floods. It had noted the judgment in CK Rajan v. State AIR 1994 Kerala 179, in which it was held that notwithstanding that donation worth Rs. 5 lakh was made to the CM’s Distress Relief Fund for “laudable purposes”, the same was unauthorized as Section 27 of the Act does not authorize the Managing Committee to make such payments.The following are some of the observations made in the full bench judgment”We hardly find any legal reason to hold that the authority conferred on G.D.M.C. to provide medical relief, water supply and sanitary arrangements under Section 27(c) could be exercised in such a macro-level to cover the entire State or even beyond the State boundary. As pointed out earlier, pilgrims throng Guruvayur Temple from various parts of the country. Likewise, Lord Guruvayurappan is worshipped by hundreds of thousands outside the State too. Is it intended or possible to provide help to all such worshippers and pilgrims in case of any natural calamity affecting them happens elsewhere in the country In our view, the answer is an emphatic negative. If the argument raised by the learned counsel for the respondents that the Devaswom funds can be utilized for providing medical relief, water supply and sanitary arrangements to the worshippers and pilgrims anywhere in the State is accepted, it will lead to absurd results. There will be no legal logic for denying medical aid, water supply and sanitary arrangements to the worshippers and pilgrims staying outside the territorial limits of the State, if they also face such an alarming situation Moreover, it is an admitted case that the Devaswom provides medical relief by running a hospital at Guruvayur. Further, they provide water supply sanitary arrangements and accommodation facility to the worshippers and pilgrims. “We do not intend to limit G.D.M.CS authority, rather obligation to provide medical reef, water supply and sanitary arrangements in the close proximity of the Temple premises alone. However, it shall be done at any place within a reasonable distance with a view to benefit the worshippers and pilgrims. By any stretch of the imagination we find no legal reason to read and understand the expressions medical relief. water supply and sanitary arrangements to the worshippers and pilgrims occurring in Section 27(c) in an expansive sense to cover the entire State. Moreover, nowhere in the impugned decisions or proceedings there mention about G.D.M.C. or Commissioner applying their mind regarding the predicament of the worshippers or pilgrims at the time of taking the decision to give away amounts from the Devaswom funds”The conclusions made by the bench are as follows :1) All the properties, including movable and immovable properties and money, dedicated to or endowed in the name of Lord Guruvayurappan or any property acquired in any manner by Guruvayur Devaswom shall vest in the idol of Lord Guruvayurappan, consecrated in Sree Krishna Temple, Guruvayur.2) Guravoyoor Devaswom Management Committee(G.D.M.C) constituted under Section 3 of the Guravayoor Devaswom Act of 1978 is legally bound to administer, control and manage all the properties belonging to Guruvayur Devaswom in accordance with the provisions of the said Act. The Administrator and the Commissioner shall also function in accordance with the provisions of the said Act. 3) The legal status of G.D.M.C. constituted under Section 3 of the Act of 1978 is that of a trustee in management of the Devaswom properties and the Committee is duty bound to scrupulously follow the stipulations contained in the Act of 1978. Unless a contrary intention, either expressly or by necessary implication, arises from the provisions of the statute in any particular subject or context, G.D.M.C. is legally bound to administer and manage the Devaswom and its properties in accordance with the settled legal principles relating to the administration of Hindu Religious Trusts.4) G.D.M.C., being the trustee in management of Devaswom properties, is legally bound to perform its duties with utmost care and caution. In view of the settled legal principles that the trustees cannot delegate their powers and duties to any other person, we hold that G.D.M.C. cannot delegate its powers, functions and duties under the Act of 1978 to the State Government or any other entity.5) None of the provisions in the Act of 1978, including Section 27, authorises G.D.M.C. or the Administrator or the Commissioner to contribute or part with or give away in any manner any amount from the funds belonging to Guruvayur Devaswom, either to C.M.D.R.F. or to any other Governmental agency, for any purpose specified under the Act of 1978, including Section 27 of the Act, since it is the non-negotiable obligation of G.D.M.C., as a trustee, to perform the duties and obligations enumerated therein all by itself or, in an exigency, directly under its supervision and control through other means.6) Section 27(c) of the Act of 1978 relating to medical relief, water supply and other sanitary arrangements for the worshippers and pilgrims cannot be read and understood detached from that part in the clause relating to the construction of buildings for the accommodation of worshippers and pilgrims. Scope of Section 27(c) cannot be widened so as to provide medical relief, water supply and other sanitary arrangements as contemplated under the impugned decisions/orders.7) View adopted by the Division Bench in W.P.(C) No. 19035 of 2019 on Section 27 of the Act of 1978 is legally unsound and unsustainable. We overrule the decision.After answering the reference, the full bench send back the writ petitions to the regular bench.Case: Bijesh Kumar M. v. State of Kerala & Ors. [WP (C) No. 20495/2019] Read Judgment https://www.livelaw.in/news-updates/can-a-temple-committee-make-donations-to-a-non-religious-purpose-kerala-hc-refers-to-larger-bench-the-plea-against-donation-of-guruvayoor-devaswom-to-cm-relied-fund-156582Next Storylast_img read more

SC/ST Reservations Can’t Be Taken Away By Invoking Technicalities Forgetting The Hardships faced By Them In Accomplishing Literacy And Awareness: Delhi High Court

first_imgNews UpdatesSC/ST Reservations Can’t Be Taken Away By Invoking Technicalities Forgetting The Hardships faced By Them In Accomplishing Literacy And Awareness: Delhi High Court Akshita Saxena5 Jan 2021 5:51 AMShare This – x”The very fact that members of the STs have been granted certain reservations/relaxations, not only legislatively but also constitutionally, shows the need therefor. The said need has to be fulfilled, not only by providing reservations/relaxations but also by providing relaxations in implementing the said reservations and benefits conferred on the STs. The reasons and objective of…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?Login”The very fact that members of the STs have been granted certain reservations/relaxations, not only legislatively but also constitutionally, shows the need therefor. The said need has to be fulfilled, not only by providing reservations/relaxations but also by providing relaxations in implementing the said reservations and benefits conferred on the STs. The reasons and objective of providing such reservations/relaxations should not be lost sight of while implementing the reservations and relaxations,” observed the Delhi High Court recently. A Division Bench of Justices Rajiv Sahai Endlaw and Asha Menon emphasized that the authorities should not take technical objections while considering candidatures filed by people belonging to these communities. It observed, “The said reservations/relaxations are in admission of the disadvantages which the STs have suffered for generations and which disadvantages place them in a unequal position vis-a-vis other citizens. Such disadvantages extend to all parameters of day to day life, making it more difficult than for others. The said reservations/relaxations cannot be given by one hand and taken away by another, invoking technicalities, forgetting the hardship and difficulties faced by such members in accomplishing smallest of the things, including of literacy and awareness.” The remarks were made while hearing a writ petition filed by Lekhraj Meena, a Police-forces aspirant from Rajasthan, belonging to the reserved category. Background It was the Petitioner’s case that though he had applied for the SSC examination under the SC category and had passed the examination with flying colours, he was unable to qualify the Physical Efficiency Test (PET) conducted in Delhi, for the reason that he had not filled up the form of certificate for height relaxation. It was submitted that the Presiding Officer of the PET Board granted 5 days’ time to the Petitioner to submit the requisite form of certificate for height relaxation, after obtaining certification from the competent authorities of the district where the petitioner ordinarily resides (Karauli, Rajasthan). However, the same could not be submitted on time and the Presiding Officer refused to accept his certificate after five days. The Petitioner submitted that the delay beyond the stipulated five days was for reasons beyond his control and due to hurdles created by the ongoing Farmers’ Protest and Municipal Elections held in Rajasthan. Findings Taking note of these submissions, the Court held the default by the petitioner in submitting the certificate for height relaxation, though he submitted a caste certificate of belonging to the ST, cannot be enforced pedantically, forgetting the very purpose of granting the reservations. The Court also judicial notice of the ongoing Farmers’ Protest around NCR to ensure that none is deprived of due owing thereto, and directed the concerned authorities to consider the Petitioner’s application along with height relaxation certificate. Case Title: Lekhraj Meena v. Union of India & Ors. Click Here To Download Order Read OrderSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Wave-particle interactions in the equatorial source region of whistler-mode emissions

first_imgWave-particle interactions can play a key role in the process of transfer of energy between different electron populations in the outer Van Allen radiation belt. We present a case study of wave-particle interactions in the equatorial source region of whistler-mode emissions. We select measurements of the Cluster spacecraft when these emissions are observed in the form of random hiss with only occasional discrete chorus wave packets, and where the wave propagation properties are very similar to previously analyzed cases of whistler-mode chorus. We observe a positive divergence of the Poynting flux at minima of the magnetic field modulus along the magnetic field lines, indicating the central position of the source. In this region we perform a linear stability analysis based on the locally measured electron phase space densities. We find two unstable electron populations. The first of them consists of energy-dispersed and highly anisotropic injected electrons at energies of a few hundreds eV to a few keV, with the perpendicular temperature more than 10 times higher than the parallel temperature with respect to the magnetic field line. Another unstable population is formed by trapped electrons at energies above 10 keV. We show that the injected electrons at lower energies can be responsible for a part of the waves that propagate obliquely at frequencies above one half of the electron cyclotron frequency. Our model of the trapped electrons at higher energies gives insufficient growth of the waves below one half of the electron cyclotron frequency and a nonlinear generation mechanism might be necessary to explain their presence even in this simple case.last_img read more

Seabirds mated for life migrate separately to the same places: behavioural coordination or shared proximate causes?

first_imgLong-term pair bonds occur in diverse animal taxa, but they are most common in birds, and can last from a few years to a lifetime. In many of these species, after the reproductive season, birds migrate to distant nonbreeding grounds where they remain for several months, and until recently, little was known about whether partners maintain contact during migration. This gap in knowledge was primarily due to past methodological difficulties in tracking long-term, large-scale movements of individuals. However, the development of new animal-borne geolocation devices has enabled researchers to track movements of individuals for a year or more. We tracked the annual migrations of both members of breeding pairs of Scopoli’s shearwaters, Calonectris diomedea, breeding on Linosa Island (Italy) and found that although they did not migrate together, they did spend a similar number of days travelling to and from similar terminal nonbreeding areas. Although migration destinations were alike, they were not identical. That partners did not appear to travel or spend time together in the nonbreeding season suggests that similarities were not due to behavioural coordination. We performed additional analyses to uncover alternative, potential proximate mechanisms. First, we found that body mass of breeding adults during the chick-rearing period correlated positively with the decision to migrate further south, so conceivably pair members may migrate to similar areas because of shared reproductive costs; however, partners were not of similar body mass. Distances between nonbreeding areas for individuals that nested closer together were smaller than for individuals that nested far apart. As neighbours tend to be more closely related due to high natal philopatry, this suggests that similarities within pairs in migration behaviour may reflect the influence of shared genes on migration strategy.last_img read more

Utah State Women’s Volleyball Announces 2018 Schedule

first_imgMay 22, 2018 /Sports News – Local Utah State Women’s Volleyball Announces 2018 Schedule FacebookTwitterLinkedInEmailLOGAN, Utah-Tuesday, Utah State women’s volleyball coach Grayson DuBose announced the Aggies’ 2018 schedule which features tournaments at Sacramento State and Western Michigan.The schedule also features tilts against Utah Valley and Weber State before they commence the 2018 Mountain West season slate.Utah State opens its season the weekend of August 24-25 and will travel to Sacramento State to face the Hornets, along with Arizona and Cal State Northridge.The Aggies are 0-2 all-time against Sacramento State but are facing the Hornets for the first time since 1984.They are 6-10 all-time against Arizona and last faced the Wildcats in 2007. Against the Matadors, the Aggies boast an all-time record of 7-5-1 and thee two last faced in 2006.On August 31 and September 1, the Aggies will be in Logan to host Texas-Rio Grande Valley, Loyola Marymount and Cal Poly-SLO.September 7 and 8, the Aggies will travel to Kalamazoo, Mich. to compete in the Western Michigan tournament against the host Broncos and Loyola-Chicago.Utah State faces their out-of-conference Utah foes September 4 at Utah Valley after which they will host Weber State on September 13.September 19, the Aggies commence their conference schedule at Albuquerque, N.M. against New Mexico and conclude it at home November 10 against Wyoming. This will be Senior Day for the Aggies.The Aggies return seven letter-winners from last year’s squad, including middles Lauren O’Brien and Bailey Downing. Other stalwarts returning include libero Tasia Taylor and defensive specialist Maddi Olson-Shepherd.Setter Kassidy Johnson also provides stability, having amassed 777 career assists, averaging 10.36 assists per set. Written by Brad James Tags: Bailey Downing/Grayson DuBose/Kassidy Johnson/Lauren O’Brien/Maddi Olson-Shepherd/Tasia Taylor/USU Women’s Volleyballlast_img read more

Governor Mike Pence Directs Flags Be Flown at Half-Staff Statewide for Victims of Orlando…

first_imgFacebookTwitterCopy LinkEmailShare Governor issues statement, calling the attack “senseless act of terror”Indianapolis – In accordance with a presidential proclamation issued this afternoon, Governor Mike Pence directs flags be flown at half-staff at state facilities statewide to honor the victims of Sunday’s terror attack in Orlando. Flags should be flown at half-staff beginning immediately until sunset on Thursday, June 16. Governor Mike Pence also issued the following statement:“Karen and I are shocked and saddened by the senseless act of terror committed in Orlando this morning,” said Governor Pence. “On behalf of the state of Indiana, we extend our prayers to the victims, their families, and the Orlando community. Today’s horrifying news stands as a grave reminder that we live in dangerous times and the war on terror continues.  For this reason we must commit to ensuring the safety and security of our people.”Governor Pence has also asked the Indiana State Police to offer any assistance to the Indianapolis Metropolitan Police Department (IMPD), particularly during a vigil tonight at the Old National Center in Indianapolis to honor the shooting victims in Orlando.Today’s flag directive overlaps a previous directive from the Governor, which directed that flags be lowered to half-staff for the passing of Hoosier West Point Cadet Mitchell Alexander Winey. Cadet Winey was one of nine soldiers killed when their truck overturned in a flooded area in Ft. Hood. He was in Fort Hood for Cadet Troop Leader Training. Flags for Cadet Winey should remain at half-staff until sunset on the day of his funeral, Saturday, June 18.last_img read more

Fitch: Rules on Coal Investment Could Affect Debt Ratings of Electric Co-Ops and Utilities

first_imgFitch: Rules on Coal Investment Could Affect Debt Ratings of Electric Co-Ops and Utilities FacebookTwitterLinkedInEmailPrint分享Steven Johnson for Electric Co-Op Today:Electric cooperatives and public utilities have dealt well with past limits on access to capital, but new curbs on coal investment could pose a challenge, Fitch Ratings said.California regulators have called on insurance companies doing business in the state to sell their thermal coal investments, including those in utilities that generate 30 percent or more of their energy from coal, regardless of location.“Should similar policies and restrictions aimed at utilities with existing coal generation versus new investment proliferate, public power systems could be faced with the difficult decision of prematurely retiring existing units or confronting a significant loss of liquidity,” Fitch said.In turn, that could increase operating and debt service costs that co-ops would have to account for in some fashion, the service said.Full article: Fitch: Coal Investment Curbs Could Affect Co-opslast_img read more