Latest news with #MARC
New Straits Times
14 hours ago
- Business
- New Straits Times
MARC reaffirms AAA rating on Ranhill Sabah Energy sukuk
KUALA LUMPUR: MARC Ratings has reaffirmed its AAAIS(bg) rating on Ranhill Sabah Energy II Sdn Bhd (RSEII) RM250 million Islamic Medium-Term Notes Programme, maintaining a stable outlook. In a statement, MARC said the rating reflects the unconditional and irrevocable guarantee provided by Bank Pembangunan Malaysia Bhd (BPMB), which is itself rated AAA/Stable by the agency. "This rating continues to reflect strong liquidity and stable cash flow coverage, with sukukholder interests well protected by BPMB's guarantee," MARC said. RSEII owns and operates the 190-megawatt combined-cycle gas turbine Rugading Power Station in Sabah under a 21-year power purchase agreement (PPA) with Sabah Electricity Sdn Bhd, a subsidiary of Tenaga Nasional Bhd. MARC noted that the plant delivered strong performance in 2024, keeping its unplanned outage rate below the 4.0 per cent limit set by the PPA, which resulted in a full capacity payment of RM69.1 million. The plant also met heat rate efficiency targets, enabling full cost pass-through to the offtaker. Total energy payments for the year amounted to RM131.9 million. Operating profit improved to RM23.5 million in 2024, up from RM18.4 million the year before, which had been impacted by major maintenance work. RSEII's cash balance stood at RM85.6 million as of end-March 2025, sufficient to cover the RM56.9 million due in principal and profit payments by June 17. Based on base case cash flow projections, RSEII's average and minimum finance service coverage ratios are forecasted at two times and 1.9 times through 2029, respectively.
Yahoo
23-05-2025
- Climate
- Yahoo
Somerset County residents visit resource center to find relief from flood damage
MEYERSDALE, Pa. (WTAJ) — Somerset County residents visited the Meyersdale Volunteer Fire Department to learn about resources from state agencies for flood damage relief. The social hall turned multi-agency resource center (MARC) had multiple state departments providing options to help residents who have dealt with flooded basements and soaked lawns. Spearheaded by the Pennsylvania Emergency Management Agency, along with help from the Somerset County EMA, residents found some answers for the costly cleanup that can take weeks. 'It allows them to come in, ask those questions from our state insurance department, from PEMA and from other agencies that can help them maybe get back on their feet and begin the recovery process,' Larry West, the Deputy Director of PEMA, said. Some residents wanted to get an assessment of the damage they had on their property. Resident Sue Polenski had nearly eight inches of water in her basement, along with parts of her backyard fence pried out of the ground and off the backer rails. 'I'm just hoping that being single, I can find somebody who can help me to get rid of this debris and perhaps repair my fence for me,' Polenski said. 'I'd be very happy.' The center is also waiting for loans from the Small Business Administration after Gov. Josh Shapiro announced a request for them to help Somerset County. While the loans are yet to be approved, nonprofit organizations stepped in to provide the area with immediate essentials. 'Whether it's clothing and needs or food, whatever might be, they do a tremendous job, within these communities, to get those folks back up on their feet,' West added. West also applauded the effort made by both the community and the county EMA when the flood waters rushed into town last week. 'Somerset County has really done a great job there,' West said. 'The EMA and the county commissioners have done a great job organizing this MARC here.' 'Everybody's rallying together and helping each other and everybody's friendly and kind to each other,' Poleski added. 'And that's what we need more of all this time.' The center, located at 202 Main St. in Meyersdale, is open on Friday and Saturday from 10 a.m. to 7 p.m. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
17-05-2025
- Yahoo
Maryland Transit Administration IDs one of pedestrians struck and killed by MARC train
The Maryland Transit Administration has confirmed the identity of one of the two people who were struck and killed by a MARC train in southern Washington County on May 6. One of the deceased is Summer Giffin, a 20-year-old woman from Knoxville, Maryland, according to emails from transit spokesperson Veronica Battisti. The Knoxville zip code includes the Sandy Hook area and other communities in the southern tip of Washington County as well as parts of nearby Frederick County, according to Giffin was one of two people who were on the train tracks when a MARC train heading from Washington, D.C., to Martinsburg, struck them and they died, Battisti has said. The incident occurred around 6:15 p.m. May 6, on CSX tracks in the Sandy Hook area. In organizing a funeral and memorial GoFundMe for her sister, Destiny Giffin posted, "Please help show her love and celebrate her life that was taken to [sic] soon she was a hero in the long run losing her life to try help a boy not get hit by a train." When The Herald-Mail inquired whether circumstances of the crash were available, Battisti emailed on May 7 that the incident remained under investigation. The GoFundMe had raised more than $9,600 as of May 7. About 100 passengers on MARC Train 875 were transferred to another train to complete their trip after the incident, Battisti has said. The affected route handles Amtrak and freight traffic as well as MARC commuter trains, CSX spokesperson Austin Staton said. Traffic on those tracks resumed around 9:15 p.m. May 6, Staton said in an email. Both CSX and transit officials stressed the dangers of walking on or alongside railroad tracks. CSX has tracks along Sandy Hook Road in southern Washington County that cross the Potomac to Harpers Ferry, West Virginia. The tracks in that area are not far from the river with the route following the curves in the Potomac. On June 11, 1999, two male pedestrians from North Potomac, Md., were killed by a MARC train in the Sandy Hook Road area. Eyewitnesses told The Herald-Mail at the time that the men had finished inner tubing in the nearby Potomac and were sitting on their inner tubes on the tracks. Hagerstown WWII vet to make appearance: Gettysburg Film Festival celebrates WWII victory with special guests This article originally appeared on The Herald-Mail: MTA releases ID of woman struck and killed by MARC train
Yahoo
17-05-2025
- Yahoo
Two pedestrians walking on tracks dead after being struck by MARC train in Western Md.
(This story has been updated with new information and to correct the destination of Train 875.) A Maryland Transit Administration official confirmed late May 6 that two people walking on train tracks in southern Washington County were struck by a MARC train and died. "We are saddened by this tragic incident and remind the public that it is never safe to walk on or alongside railroad tracks," Maryland Transit spokesperson Veronica Battisti said in an email to The Herald-Mail. "We express our condolences to the victims and their families." About 100 passengers on MARC Train 875 were transferred to another train to complete their trip, Battisti said. Train 875 was heading west from Washington, D.C., to Martinsburg, West Virginia, around 6:15 p.m. on Tuesday, May 6, when the train struck the two people walking on the tracks, Battisti said. The incident occurred on train tracks in the Sandy Hook area, east of the Harpers Ferry station, she said. The investigation into the incident is ongoing. Earlier in the evening, CSX spokesperson Bryan Tucker, via email, confirmed an incident involving a MARC train on CSX tracks in southern Washington County. He referred further questions about the incident to the Maryland Department of Transportation. Tucker said a CSX special agent responded, as well as Washington County first responders. Transit posted messages on X, formerly known as Twitter, about police activity delaying a MARC train on the Brunswick line east of the Harpers Ferry station. CSX has tracks along Sandy Hook Road in southern Washington County that cross the Potomac River to Harpers Ferry. The Transit Authority posted after 6 p.m. on May 6 about the MARC Brunswick Train 875 being stopped east of Harpers Ferry station due to police activity and the train later being terminated with passengers to take Train 879. Train 875, according to the online MARC schedule, departs Union Station in Washington, D.C., shortly before 4:30 p.m., to head to Martinsburg. Battisti said May 7 that MARC Train Brunswick Line service was operating on a regular schedule that morning. Track 2 reopened around 9 p.m. May 6 with speed restrictions and all tracks were open at 10 p.m. May 6, Battisti said. CSX spokesperson Austin Staton said the route is used for freight and Amtrak as well as for MARC. Staton stressed that "this incident must serve as a reminder of the very real dangers of trespassing on railroad property and why it is important for the public to stay away from active railroad tracks and rail yards." More information about railroad safety can be found at Operation Lifesaver, a nationally recognized leader of rail safety education, according to Staton. A spokesperson for the Washington County Sheriff's Office referred questions about the incident to CSX on the evening of May 6. This article originally appeared on The Herald-Mail: CSX investigating MARC train fatalities in southern Washington County
Yahoo
17-05-2025
- Yahoo
Second of two pedestrians struck, killed by MARC train ID'd by MD Transit Administration
The Maryland Transit Administration has now confirmed the identity of both of the people who were struck and killed by a MARC train in southern Washington County on May 6. The MTA confirmed May 12 that Cian Cassidy, a 21-year-old man from New Market, Maryland, died in the incident, after previously confirming Summer Giffin, a 20-year-old woman from Knoxville, Maryland, was the other person who died. MTA spokesperson Veronica Battisti confirmed the identity of both of the deceased. An obituary for Cassidy said his "absence leaves a space that can never be filled, but his memory will remain a guiding light for all who were fortunate to know and love him." The Knoxville ZIP code where Giffin was from includes the Sandy Hook area and other communities in the southern tip of Washington County as well as parts of nearby Frederick County, according to Here's more from previous Herald-Mail reporting on the deadly train incident. ORIGINAL STORY ON TRAIN INCIDENT: Two pedestrians walking on tracks dead after being struck by MARC train in Western Md. FIRST PEDESTRAIN IN INCIDEN ID'D: Maryland Transit Administration IDs one of pedestrians struck and killed by MARC train The incident occurred around 6:15 p.m. May 6, on CSX tracks in the Sandy Hook area. Giffin and Cassidy were on the train tracks when a MARC train heading from Washington, D.C., to Martinsburg, struck them, Battisti has said. About 100 passengers on MARC Train 875 were transferred to another train to complete their trip after the incident, Battisti added. The affected route handles Amtrak and freight traffic as well as MARC commuter trains, CSX spokesperson Austin Staton said. Traffic on those tracks resumed around 9:15 p.m. May 6, Staton said in an email. Both CSX and transit officials stressed the dangers of walking on or alongside railroad tracks. CSX has tracks along Sandy Hook Road in southern Washington County that cross the Potomac to Harpers Ferry, West Virginia. The tracks in that area are not far from the river with the route following the curves in the Potomac. On June 11, 1999, two male pedestrians from North Potomac, Md., were killed by a MARC train in the Sandy Hook Road area. Eyewitnesses told The Herald-Mail at the time that the men had finished inner tubing in the nearby Potomac and were sitting on their inner tubes on the tracks. This article originally appeared on The Herald-Mail: MTA identifies second pedestrian struck and killed by MARC train
