Brookfield Renewable: Q1 Earnings Snapshot
HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Brookfield Renewable Energy Partners LP (BEP) on Friday reported a loss of $108 million in its first quarter.
The Hamilton, Bermuda-based company said it had a loss of 35 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.
The operator of hydroelectric and wind power generation facilities posted revenue of $1.58 billion in the period. Its adjusted revenue was $857 million, also missing Street forecasts. Eight analysts surveyed by Zacks expected $910.9 million.
Brookfield Renewable shares have increased nearly 2% since the beginning of the year. The stock has decreased slightly in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BEP at https://www.zacks.com/ap/BEP
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Yahoo
29 minutes ago
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City moves forward with second plan for Central Park makeover; businesses, officials still split
JOHNSTOWN, Pa. – A somewhat symbolic sidewalk dividing a grassy lawn space has been added to the proposed design for a remade Johnstown Central Park. The original tentative idea, created by New York City-based Scape Landscape Architecture, included a spacious green area with an accessible path in the center of the grounds. The first plan was never formally adopted by Johnstown City Council. Scape's relationship with the city eventually ended. Then, in May, City Council voted 6-1 to approve a revised plan with more concrete, including a walkway and circle area near where the current fountain is located. Mayor Frank Janakovic, Deputy Mayor the Rev. Sylvia King, Ricky Britt, Marie Mock, Charles Arnone and Taylor Clark voted in favor. Councilwoman Laura Huchel was the lone 'no' vote, as she supported Scape's original design that was created after months of ideas and feedback from the community. Other divided opinions exist, too. Discover Downtown Johnstown Partnership President Melissa Radovanic supports 'paramount' upgrades to aspects such as electricity, infrastructure, sidewalks and data that will help her organization put on the annual holiday display with a 36-foot-tall animated Christmas tree as the focal point. But she is 'highly disappointed' that the annual Christmas village will be mostly located in the new Park Place walkway, as opposed to being spread throughout the entire property as in the past. NEW CENTRAL PARK NO CHRISTMAS VILLAGE In contrast, Mike Messina, owner of Chameleon Bookstore, said the planned placement of the village buildings is 'wonderful for me' since it will bring visitors right to the front door of his business after the Gazebo Park street is closed and converted into a pedestrian zone. Overall, though, he thinks there 'could have been a lot more grass' in the final design. Numerous city residents, businesses and nonprofits have offered support for the project, believing it will help make the downtown a more inviting place for people to live, work and recreate. But one business located next to the town square, The Write Cup Coffee Shop, is relocating out of downtown, with the owner citing 'park-nado' among the reasons why in a recent Facebook post. State Rep. Frank Burns, D-East Taylor Township, and Republican Party mayoral nominee John DeBartola are among the loudest critics, opposing doing the work at all and expressing that the money could be better spent in other ways. Central Park | Downtown Johnstown View of Central Park and Main Street in downtown Johnstown on Thursday, June 12, 2025. Photo taken from the fifth floor of the AmeriServ corporate office building. Representatives from The Sweet Spot and Roots Kitchen + Juicery, two restaurants located near Central Park, made a video of themselves chained to a tree and questioning why money was being spent on changing the park in a city with a high poverty rate and other needs. They also noted that the time the park is closed for construction with no events taking place will affect their businesses. 'A lot of this is obviously in the eye of the beholder,' Johnstown City Manager Art Martynuska said. 'It's interesting. It's one of those darned-if-you-do, darned-if-you-don't kind of things. 'There are still folks out there that don't want anything done, still folks out there that wanted the Scape concept, and other folks who are in agreement with the plans that we put forth. Hopefully the compromise will lie somewhere in the middle of all three of those.' Construction is expected to begin around Labor Day. 'Move a project forward' The approved plan includes a redesigned pavilion on a concrete surface, trees and flowers, lawn space, benches, a monuments display and a water feature. A sidewalk dividing the lawn is one of the most noticeable design changes. Clark preferred the 'very spacious grassy area' and 'disagreed' with adding the cement walkway, but said he understood it was put into place under the assumption that people would cut across and make a path anyway. 'I still don't like it, but here we are,' Clark said. 'Sometimes there's compromise that has to go on to move a project forward.' Converting Gazebo Park into a pedestrian walkway is one of the biggest transformations. Messina enthusiastically supports the change that will create a place for people to stroll, sit and spend time together. 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Martynuska said he expects a savings of between $800,000 and $1.2 million from the original design to the new one approved by council, mostly by removing proposed rock features that would have cost hundreds of thousands of dollars. Even with the changes, Martynuska said the goal remains the same – to have the remaking of Central Park, combined with other projects, such as a Main Street streetscape, create a 'rejuvenation of downtown.' 'Hopefully, in the end, everybody will benefit,' Britt said. Britt addressed the concerns expressed by some residents and business owners, saying, 'I think that quite naturally nobody likes change. People become accustomed to seeing things certain ways. In my opinion, when you're doing something over or building something new, there's always a change in the plan somewhere. … You're going to have different opinions about different things, but hopefully it turns out that everyone will enjoy it.' Central Park | Downtown Johnstown Downtown visitors sit to talk near the Union Veterans of the Civil War statue at Central Park in Johnstown on Thursday, June 12, 2025. All ARPA money needed to be allocated by Dec. 31, 2024; therefore, any funds set aside for the Central Park work must now be spent on that project. ARPA dollars need to be spent by Sept. 30, 2026, a date that was recently moved up from Dec. 31, 2026. DeBartola suggested the city should just return the money set aside for the park to the federal government. Clark considered the idea, too. 'That would just hurt the city so much,' Clark said. 'It would be very difficult to get funding moving forward because we would have proven that we can't even get a project done once we get the money for it. At the point that we're at now, even though I believe from the get-go there was too much money to spend on Central Park and all that, we're past that point. 'We've got to move forward with the project that we have, get something good done for the people even if I disagree with some aspects of it, and move this project forward.' Clark also emphasized that the project needs to remain within budget, regardless of what unexpected situations might be encountered when construction is taking place, 'because the council will not allocate any more money for the park. This is it.' 'Changes in leadership' Scape displayed the general proposed design for the park in August 2023. Since then, City Manager Ethan Imhoff resigned, then Melissa Komar and Robert Statler served as co-interim city managers, before Martynuska took on the position full-time. There have also been three Department of Community and Economic Development directors over the same period. That coincided with what publicly appeared to be a period of inactivity on the project. 'Those changes in leadership just created disruptions,' Huchel said. Messina said he has been 'disturbed' at the pace of the remodel and how the process has been handled. 'It's been a long process,' he said. 'I was on the original Main Street project team (appointed by City Council). We had a big meeting. There was like 25, 30 of us there. We were all excited about it. That was years ago. And nothing happened. We heard nothing for a couple of years. I was very disappointed. Essentially, that was disbanded.' Thaddeus Pawlowski, an urban designer who is originally from the Johnstown region, helped Scape in the early part of the process by soliciting local involvement and keeping the public aware of what was occurring. 'I probably should have been like, 'You know what, I should just stay involved the whole time,' ' Pawlowski said. 'That's on me. I have other things to do with my life, but obviously I care deeply about this project being successful.' Pawlowski added: 'I think, in retrospect, there were some lessons learned. One is you gotta just keep the public engaged the whole time through this.' Overall, Pawlowski thinks the redesigned park will be 'hugely impactful' and provide a 'positive long-term economic benefit.' PHOTO GALLERY | Central Park | Downtown Johnstown 'Differences of opinion' Scape, which was paid $1.6 million for its work, has left the Central Park and Main Street projects. 'A lot of the conversations had stopped because of change in leadership (in the city), change in personnel,' Martynuska said. 'We reinvigorated that conversation with Scape, started the process, obviously not anew, but reignited, if you will. … None of those conversations were contentious. There were definitely differences of opinion, professional differences of opinion.' Scape founding principal Kate Orff said the turnover in City Hall leadership affected the project and that 'the plan changes were so dramatic as to kind of change the community's vision. Again, it's not our vision. We were like channeling the community's vision.' Orff said the 'better plan was to just separate and let this new process – because it is a new process – play out.' Regarding how the process went, Orff said, 'Scape has delivered signature, beloved public parks for cities around the United States, and we really tried to do that for Johnstown. 'Right now, our park, Tom Lee Park (in Memphis, Tennessee), is on the cover of Landscape Architecture Magazine. We just also won an ASLA (American Society of Landscape Architects) award for a park in San Francisco. 'We wish that the park in Johnstown had a different result and that we could see the community's vision through toward implementation. 'However, this is not the direction that the city wants to go in and we wish everyone the best. Many generations to come will be modifying and changing this park to suit their needs, and that is the beauty of parks and public space.' CJL Engineering, a local company that was originally a subcontractor, has taken over completion of the plan, working with UpStreet Architects. CJL did not respond to an interview request. UpStreet deferred to city officials for comment. Huchel, who is involved with two organizations that border the park – Gallery on Gazebo and Alma Hall – still emphatically supports the original plan. 'I'm really disheartened that people are no longer talking about the Scape design,' Huchel said. 'They're only talking about superimposing that design CJL and UpStreet did over Scape's design. I think it's really disheartening that Scape has had to distance themselves from this project. 'I've said numerous times that we paid $1.6 million for a plan and many of those dollars came back locally to CJL, who was always a subcontractor. But we paid $1.6 million for this plan and now we're using it as toilet paper. I think that's a really irresponsible way for us to use our federal grant dollars.' She said it was 'atrocious' and an 'incredible overreach' to override a 'robust community engagement process and a team of professionals who do award-winning parks all over the U.S.' City officials have recently stepped up messaging about the park, including discussing it during the annual State of the City Address, council meetings, personal interactions with nonprofits and governmental agencies, and a gathering in the park last Saturday.
Yahoo
29 minutes ago
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Kantner man takes helm of new Bottomlands Conservancy, ensuring rehab of Stonycreek continues
JOHNSTOWN, Pa. – As chairman of the newly formed Bottomlands Conservancy, Logan Lichvar, of Kantner, will now be at the tip of the spear in keeping polluted mine water from entering the Stonycreek River. The Friedens-based nonprofit has taken over several abandoned mine discharge treatment facilities from the Somerset County Conservancy, and the North Star graduate hopes to continue the ongoing battle to rehabilitate local waterways. 'It definitely means a lot,' said Lichvar. 'I feel a large responsibility, but I know we have guys in place on the board and future members that are going to help out a lot.' Lichvar said that the conservancy was looking for someone to take over the sites, and was either going to give them away or sell them. 'So,' he said, 'to keep those properties open to the public and make sure the AMD sites are taken care of in the future, we decided to go ahead and start Bottomlands so that we could transfer those properties to us.' Lichvar and his father Len, who will serve as Bottomlands' vice chairman, already have a great deal of experience with the treatment facilities, as each worked with the conservancy in the past. The elder Lichvar recently retired from the Somerset Conservation District. As an employee of InnoH2O Solutions in Friedens, which conducts AMD engineering and treatment for coal companies and the state Department of Environmental Protection, Logan Lichvar will use experience gained from the private sector. The company's president, Mike McClusky, will serve as Bottomlands secretary. 'Nobody in Bottomlands is going to be paid,' said Lichvar. 'It's a true small nonprofit. Everything is volunteer.' Currently there are just four members, with InnoH2O's Nate Moot serving as treasurer. Established with a letter of determination from the state Nov. 6, Bottomlands will be writing grants and seeking donations and membership fees to maintain and operate the passive treatment sites. 'Right now, we basically just threw a couple of bucks in to get it started and get it going,' said Lichvar. Aside from treating polluted water, one of Bottomlands' goals is to keep open to the public approximately 200 acres of ground that comes with the transfer. Lichvar explained that the Somerset Conservation District has always funded, operated and maintained the treatment ponds, and the conservancy was the land trust that owned the ground. 'It just made sense to do something to keep local control and make sure they're open to the public so people can keep hunting there and walking,' he said. The properties are used for hiking, hunting, trapping, bird-watching and fishing. Deer, turkeys, woodcocks, squirrels, and even an occasional bear or bald eagle use the properties, Lichvar said. Jenner Rod and Gun Club stocks pheasants on one parcel. Lichvar said Bottomlands' immediate goals are to rehabilitate a treatment facility on Coal Run in Meyersdale, and to address two seepage areas at its Hawk View site north of Kantner. Water from those sites flows into the Casselman and Stonycreek rivers, respectively. 'We would be looking at adding systems wherever we can,' said Lichvar. 'We're definitely a Somerset County group, but we're not limiting ourselves to Somerset County.' He added, 'Even if it's consulting with other nonprofit organizations or conservation districts, it feels good to know you're doing something that's making a difference.'
