Latest news with #NERC
Yahoo
6 days ago
- Business
- Yahoo
NERC notes slight commodity value improvements, while MRFs announce significant upgrades
This story was originally published on Waste Dive. To receive daily news and insights, subscribe to our free daily Waste Dive newsletter. MRFs in the Northeast noted an increase in average commodity prices for the first quarter of 2025, according to a report from the Northeast Recycling Council. In Q1, average blended commodity value without residuals was $102.34, an increase of more than 9% from the previous quarter. When calculating the value with residuals, prices were closer to $89.62, an increase of 8.6%, the quarterly MRF Commodity Values Survey Report says. Single-stream MRFs saw values increase by 12% without residuals and 11% with residuals, while dual-stream or source-separated MRFs saw increases of about 10% without residuals and 9% with residuals. Major publicly-traded waste companies echoed some similar commodity trends during their Q1 earnings calls. In a new format from previous reports, NERC's latest version also provided average prices for specific commodities. Surveyed MRFs reported an average OCC price of $99.68 and $54.92 for mixed paper. For plastics, MRFs reported PET at $363.31 per ton and natural HDPE at $1,910.20 per ton, among other plastic commodity prices. The Q1 report also noted some general trends, including an 8% increase in residue since the same period in 2022. It also highlighted that MRFs recorded lower volumes of outbound tons in 2024 compared to 2022, except for PP and bulky rigids, which increased by 40% and 29%, respectively. NERC says its reports are not meant to be used as a price guide for MRF contracts. NERC's quarterly report includes data from 19 MRFs across 12 Northeastern states. It surveys a variety of MRFs in a variety of markets, including those in five states with beverage container deposit laws, which affect material flows into MRFs. It presents a regional look at price trends and is a part of NERC's ongoing work to promote and boost recycled commodity supply and demand in the Northeast. Numerous factors can influence commodity values, but increasing operational efficiencies and MRF upgrades are often contributing factors that can help operators fetch higher prices. Here's a look at several companies throughout the U.S. that have recently announced significant MRF upgrades: The nonprofit recycler invested $12 million to upgrade the facility, which it unveiled as part of its 20th anniversary celebration in April. Eureka added four optical sorters, including three along its paper line. 'That was a huge thing for us, so now our paper quality is just so much better,' said Miriam Holsinger, Eureka's co-president, in an April interview. An upgraded cardboard separation system aims to increase small-format cardboard recovery, and a bigger conveyor belt aims to reduce downtime caused by cardboard jams. The improvements have cut maintenance time by about 60%, Holsinger said. Improved paper quality will be key for Eureka as it looks for new markets to sell the material, she said. 'If you want to stay ahead of the curve, especially to prepare for a possible economic downturn, having solid quality is always helpful in making sure we can continue to move material.' Casella's newly renovated MRF features $20 million in upgrades, including sorting equipment from Machinex, along with new power infrastructure and lighting. Casella also replaced the tipping floor and installed an improved fire suppression system. The upgrade, meant to improve material quality and operational efficiency, is expected to nearly double its processing capacity. Prior to the improvements, the Willimantic facility processed about 60,000 tons a year. During the company's Q1 earnings call, Casella executives said the facility is on track to deliver $4 million of earnings before interest, taxes, depreciation and amortization in 2025. The company says it has spent more than $50 million on other related recycling improvements in the last three years. The City of Phoenix's Public Works Department recently reopened its MRF after four years of construction. The improvements are meant to help Phoenix reduce contamination, which makes baled materials more valuable, officials said in a news release. The MRF, operated by Balcones Recycling, has all-new equipment including a front-end trommel, two ballistic separators, a sorting robot and 11 optical sorters. It processes about 30 tons an hour. The improvements are also meant to help Phoenix more efficiently manage recyclable material as its population grows. The city collects recyclables from about 420,000 households. Republic Services, Bridgeton, Missouri: A new MRF, scheduled for groundbreaking in Q1 2026, will serve the greater St. Louis area. Plans for the facility include at least 10 optical sorters for identifying and separating paper and plastic, as well as AI-enabled systems to help reduce contamination and adjust operations to maximize volumes. Republic expects to process about 45 tons an hour in the 105,000-square-foot facility. The project will employ about 60 full-time employees once it is completed in 2027, the company says. Portsmouth, Virginia: The city announced a new $200 million recycling facility, which will be built in a partnership between the Southeast Public Service Authority and AMP. The facility will use AMP's AI-assisted technology to sort single-stream recycling and will extend the life of the region's landfill, said Mayor Shannon Glover, who announced the partnership during an annual State of the City address on May 2. He did not announce a timeline for the project. Portsmouth's transfer station already uses AMP's technology. This story first appeared in the Waste Dive: Recycling newsletter. Sign up for the weekly emails here. Recommended Reading Northeast MRFs saw 40% jump in commodity values in a year: NERC report Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
The EPSO-G group of companies announces the consolidated operating results for the first three months of 2025
EPSO-G group of energy transmission and exchange companies (company code 302826889, registered office address Laisvės Ave. 10, Vilnius, Lithuania) EPSO-G announces the consolidated financial and performance results of the Group for the first three months of 2025. The main financial indicators for the first three months of 2025: Main financial indicators January-March 2025 January-March 2023 Change, % Revenue, million EUR 136,1 140,4 -3,0 EBITDA, million EUR -16,0 38,3 n/a Net profit (loss), million EUR -22,3 23,5 n/a Investments, million EUR 44,0 39,2 12,2 ROE (of the (last 12 months), % 2,6 20,9 - Net debt, million EUR -33,4 60,4 - Adjusted* EBITDA, million EUR 21,4 20,6 3,8 Adjusted* net profit, million EUR 9,1 8,6 5,8 Adjusted* ROE (last 12 months), % 12,3 8,7 - *Recalculation of regulated income, cost and profitability indicators is carried out due to temporary regulatory deviations from the regulated profitability approved by National Energy Regulatory Council (NERC). In calculating the adjusted indicators, adjustment of income due to previous periods is assessed. By decision of NERC, such adjustment has already been approved by determining the regulated prices of transmission services for the reporting period, and deviation from the approved (regulated) NERC and actual profitability of the reporting period is assessed. This deviation will be assessed when NERC will set transmission prices for the upcoming period. The EPSO-G group consists of the management company EPSO-G and six directly owned subsidiaries - Amber Grid, Baltpool, Energy cells, EPSO-G Invest, Litgrid and Tetas. EPSO-G and its Group companies also hold shares in GET Baltic, Rheinmetall Defence Lietuva, Baltic RCC OÜ and TSO Holding AS. The rights and obligations of the sole shareholder of EPSO-G are exercised by the Ministry of Energy of the Republic of Lithuania. Enclosed: interim management report of EPSO-G group for first three months of 2025 (management, consolidated and the Company's financial statements) and press release. More informationGediminas Petrauskas, EPSO-G Communication PartnerTel. +370 610 63306, e-mail Attachments 2025-05-19_Press_release_Q1_results_EPSO-G 2025_Q1_interim_management_report_ENError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Middle swath of North America at risk of power shortfalls this summer, regulator says
By Laila Kearney (Reuters) -The middle section of the U.S. and Canada could have a shortfall of electricity this summer if higher-than-normal forecasted temperatures drive up demand as a changing mix of power supplies increases reliability risks, the organization overseeing the area's grid said on Wednesday. Electricity demand in the United States and Canada has grown by 10 gigawatts since last summer -- a more than doubling of the previous year's increase -- while fossil-fired power supplies retire and solar power additions surge, the North American Electricity Reliability Corporation said. At the same time electricity consumption rises from data centers, manufacturing and the electrification of industries like transportation, the sources of power generation on the North American electrical grid are shifting from around-the-clock power plants like coal and nuclear to intermittent supply from renewables, like solar and wind. That change has presented new challenges for grid reliability during the summer months, according to NERC, when the use of energy-guzzling air conditioning systems threatens to strip resources on the grid and cause power shortfalls. ERCOT, which controls the Texas grid, will be tested in the early evening hours, when demand increases but solar power output wanes. "When the sun goes down, that late early evening time period, that's when there's potential to fall short," NERC's John Moura during NERC's annual Summer Reliability Assessment news conference call. In the Southwest Power Pool, which covers states, including Montana, New Mexico and Nebraska, low wind power generation could throw off the supply and demand balance. Major Midwestern grid operator MISO, meanwhile, is expected to have less supply than last year with the retirement of 1,575 megawatts of natural gas and coal-fired generation since last summer. Outlier region New England is also at elevated risk of shortfalls. More than 7 gigawatts of fossil-fired power generation, including coal and natural gas, is expected to have retired since last summer in North America. At the same time as those around-the-clock power supplies retire, about 30 gigawatts of installed solar capacity, along with 13 gigawatts of battery storage capacity, has been added on the continent over the last year, NERC said in its report. The U.S. and Canada will need to add new transmission lines and power supplies to keep up with demand and rising temperatures to avoid shortfalls in the summer months, said Moura, who leads NERC's reliability assessment and system analysis. "As demand grows, we've got to build infrastructure," Moura said.
Reuters
14-05-2025
- Business
- Reuters
Middle swath of North America at risk of power shortfalls this summer, regulator says
May 14 (Reuters) - The middle section of the U.S. and Canada could have a shortfall of electricity this summer if higher-than-normal forecasted temperatures drive up demand as a changing mix of power supplies increases reliability risks, the organization overseeing the area's grid said on Wednesday. Electricity demand in the United States and Canada has grown by 10 gigawatts since last summer -- a more than doubling of the previous year's increase -- while fossil-fired power supplies retire and solar power additions surge, the North American Electricity Reliability Corporation said. At the same time electricity consumption rises from data centers, manufacturing and the electrification of industries like transportation, the sources of power generation on the North American electrical grid are shifting from around-the-clock power plants like coal and nuclear to intermittent supply from renewables, like solar and wind. That change has presented new challenges for grid reliability during the summer months, according to NERC, when the use of energy-guzzling air conditioning systems threatens to strip resources on the grid and cause power shortfalls. ERCOT, which controls the Texas grid, will be tested in the early evening hours, when demand increases but solar power output wanes. "When the sun goes down, that late early evening time period, that's when there's potential to fall short," NERC's John Moura during NERC's annual Summer Reliability Assessment news conference call. In the Southwest Power Pool, which covers states, including Montana, New Mexico and Nebraska, low wind power generation could throw off the supply and demand balance. Major Midwestern grid operator MISO, meanwhile, is expected to have less supply than last year with the retirement of 1,575 megawatts of natural gas and coal-fired generation since last summer. Outlier region New England is also at elevated risk of shortfalls. More than 7 gigawatts of fossil-fired power generation, including coal and natural gas, is expected to have retired since last summer in North America. At the same time as those around-the-clock power supplies retire, about 30 gigawatts of installed solar capacity, along with 13 gigawatts of battery storage capacity, has been added on the continent over the last year, NERC said in its report. The U.S. and Canada will need to add new transmission lines and power supplies to keep up with demand and rising temperatures to avoid shortfalls in the summer months, said Moura, who leads NERC's reliability assessment and system analysis. "As demand grows, we've got to build infrastructure," Moura said.
Glasgow Times
11-05-2025
- Entertainment
- Glasgow Times
St Mirren legend's daughter speaks after losing dad to alcoholism
The 'no-nonsense' midfielder, who came through the youth ranks of St Mirren Football Club, captained the Buddies to their 1987 Scottish Cup win and played for Partick Thistle in the late 80s, died in June 2024 following alcohol-related health issues. He was just 65 years old. (Image: Image: SNS) (Image: Image of Billy, provided by Hayley.) The Paisley-born baller, who also played for the likes of Dunfermline Athletic, Cowdenbeath and East Stirlingshire, battled with severe alcoholism when his playing days ended - which Abercromby detailed in his biography, Aber's Gonnae Get Ye. (Image: Hayley Quigg, pictured by Colin Mearns, Newsquest) Billy's daughter, Hayley Quigg, told the Glasgow Times: 'I've seen first-hand the effects alcoholism has on people and the damage it causes families. 'Glasgow in general has a huge problem with alcohol addiction.' In a bid to raise awareness of the effects of alcoholism and addiction, Hayley – who hails from Crookston - will be taking on the Step Up For Charity event on June 7. The fundraiser will see the 37-year-old mum and her dance partner, Craig, take the floor to dance the samba. They will compete against 11 other couples, each performing a different dance style. (Image: Pictures taken by Colin Mearns, Newsquest) (Image: Pictures taken by Colin Mearns, Newsquest) Hayley said she was desperate to take part and raise money for a great cause. She hopes that taking part in the event – which is similar to Strictly Come Dancing - will be a fitting tribute to her late dad too. She added: 'It is a great concept for an event and as an adult who has a 14-month-old child, I don't always have the opportunity to perform.' (Image: Image of Hayley and her dad, supplied.) (Image: Image of Billy, provided by Hayley.) All the money raised will go to the North East Recovery Community (NERC) in Bridgeton, which has helped keep people clean and sober in a supportive environment since 2014. Speaking on the 'deserving' charity, Hayley said: 'NERC aims to promote and assist with recovery for individuals and families. It is a recovery community with comprehensive programmes. 'I have chosen the charity because it helps people to sustain their recovery and is a lifeline for many. I really hope that the money raised can help others fight their addiction and help with their road to recovery. 'Every penny donated will make a massive difference.' You can donate by clicking HERE (Image: Pictures taken by Colin Mearns, Newsquest) Anne-Marie Quigg, who is Hayley's mother and sits on the board for NERC, said: 'NERC is a recovery community with comprehensive drug programmes which support people through the entire journey. 'They encourage people to put down drink and drugs and go into education or employment. They even take people away for retreats and keep them safe.' Anne-Marie is 34 years into recovery. The 66-year-old added: 'When I first got into recovery, there was only Alcoholic Anonymous (AA) meetings, and they were full of men. 'That was so daunting for me at the time, but the help for people nowadays is bigger and better.' (Image: Pictures taken by Colin Mearns, Newsquest) Anne-Marie went on to say: 'If this fundraiser can make people aware that there are options out there to get help, then that's a good thing.' To find out more information about NERC, visit
