Latest news with #TomRice
Yahoo
5 days ago
- Business
- Yahoo
Solar panels 'to cut leisure centre running costs'
Solar panels have been installed on a leisure centre as part of efforts to reduce costs and protect the environment. Workington Leisure Centre in Cumbria has been fitted with 160kW panels, which will provide about 20% of the site's electricity demand. The installation is expected to save money on running costs and generate income by exporting electricity back into the National Grid during periods of low consumption. Cumberland Council's executive member for vibrant and healthy places, Anne Quilter, said the solar panels were one way the council was working to "build a greener, more sustainable future for [its] communities". She said their installation also aligned with the Labour-led local authority's "commitment to tackling the climate emergency and building environmental resilience" across the region. The solar panels were paid for using capital grant funding from the Sport England Swimming Pool Support Fund, which also helped to pay for panels at The Sands Centre in Carlisle. Tom Rice, partnership manager at Greenwich Leisure Limited, which runs the centre, said: "One of our key priorities is to futureproof leisure facilities across [the area] and champion environmental resilience." He said the cost savings made from selling electricity back to the grid would be reinvested back into the leisure centre. Follow BBC Cumbria on X, Facebook, Nextdoor and Instagram. £2.5m work to replace events space roof to begin Crane brought in to remove Raac from venue's roof Cumberland Council
Yahoo
28-05-2025
- Business
- Yahoo
Cumbrian leisure centre installs 160kW solar system
Workington Leisure Centre has installed a 160kW solar panel system. According to the council, the panels will provide around 20 per cent of the centre's total electricity demand. The solar panels were funded by UK taxpayers via a grant administered by the Sport England Swimming Pool Support Fund, which is part of a national scheme that aims to improve the energy efficiency of public swimming pools across the UK. The project was led by Cumberland Council, in collaboration with Day Cummins Ltd and Petit Singleton Associates Ltd, and delivered by Penrith-based solar installation specialists Love Solar Ltd. Councillor Anne Quilter, Cumberland Council's executive member for vibrant and healthy places, said: "This is a fantastic example of how targeted investment and strong partnerships can help us build a greener, more sustainable future for our communities. "This installation not only contributes directly to our Carbon and Energy Management Plan, but also aligns with our wider commitment to tackling the climate emergency and building environmental resilience across Cumberland." Tom Rice, partnership manager at Greenwich Leisure Limited (GLL), who operate Workington Leisure Centre and the Sands Centre, Carlisle, on behalf of Cumberland Council, said: "One of our key priorities is to futureproof leisure facilities across Cumberland and champion environmental resilience. "We constantly strive to reduce the carbon footprint of our centres and utilise renewable energy as much as possible in a bid to decrease energy bills by lowering the centre's reliance on the national grid. "These cost savings will be reinvested so that we can continue our ongoing programme of improvements to enhance the customer experience and offer the best possible leisure facilities for local people. "Working collaboratively with partners, it supports the shared vision of building, creating and shaping sustainable communities." In addition, £73,000 in taxpayer funding was secured from Sport England as part of the second phase of the Government's Swimming Pool Support Fund (SPSF) to improve energy efficiency at the Sands Centre, Carlisle. The Sands Centre, as well as Wigton Baths, also received support through Sport England Capital funding from The National Lottery.
Associated Press
01-05-2025
- Business
- Associated Press
TVA Reports Second Quarter Fiscal Year 2025 Financial Results
KNOXVILLE, Tenn., May 1, 2025 /PRNewswire/ -- The Tennessee Valley Authority reported $6.5 billion in total operating revenues on 81 billion kilowatt-hours of electricity sales for the six months ending Mar. 31, 2025. Total operating revenues increased 9% over the same period last year, primarily due to higher sales volume and higher effective base rates. Sales of electricity increased approximately 4% compared to the same period last year, primarily driven by increases within the data processing, hosting, and related services sector and a 2% increase in heating degree days. 'Our teams at TVA work every day to deliver affordable, reliable, and resilient power while building more generation to meet the current and future needs of the 10 million residents, businesses and industries of the Tennessee Valley region,' said Don Moul, TVA President and CEO. 'The growth of our economy depends on having reliable energy infrastructure, and TVA is leading that charge. We're making some of the largest capital investments in our history, which will help power the next generation of American jobs.' Fuel and purchased power expense was $183 million higher in the first six months of fiscal year 2025 over the same period of the prior year, primarily due to an increase in purchased power expense due to less availability of nuclear generation. For the second quarter of fiscal year 2025, 46% of TVA's power supply was carbon-free — coming from nuclear, hydroelectric, solar and wind. Operating and maintenance expenses increased by $93 million over the same period last year, driven primarily by increased labor costs. Depreciation and amortization expense was $68 million higher than the same period last year, primarily related to an increase in amortization expense and asset retirement decisions. Interest expense was $573 million for the first six months of fiscal year 2025, or $45 million higher than the same period last year. TVA's net income was $533 million for the six months ending on Mar. 31, 2025, $99 million higher than the same period of the prior year, primarily due to higher operating revenue. To unleash American energy, TVA has 5,500 megawatts of new firm, dispatchable generation under construction or being evaluated for potential construction. TVA has added nearly 1,400 megawatts of new gas units at Paradise in Kentucky and Colbert in Alabama. 'We continue to see increased power demand and TVA is focused on providing power at the lowest feasible cost as we make significant investments to meet the Tennessee Valley region's future power needs,' said Tom Rice, TVA's Chief Financial Officer. 'We will achieve this with continued financial discipline – TVA's balance sheet is in the best health in decades, and the Enterprise Transformation Program we started last year will help us ensure our business is running as efficiently as possible.' Don Moul named TVA's Chief Executive Officer In March, TVA named Don Moul as TVA's fourth Chief Executive Officer. He succeeds Jeff Lyash, who announced his retirement earlier this year. In his new role, Moul is responsible for leading the nation's largest public power utility in its mission of serving the people of TVA's seven-state region. 'I'm excited about this opportunity and will build on the momentum that our team has created,' said Don Moul. 'I will ensure that TVA remains focused on continued excellence in operations, financial discipline, and a commitment to the fundamentals of our mission of service.' Moul brings more than 38 years of experience across all facets of power generation and operations with a proven track record of improving operational performance and teamwork. He is recognized across the industry as a strong, versatile leader. Prior to being named CEO, Moul served 4 years as TVA's executive vice president and chief operating officer, where he held primary responsibility for power generation, transmission, and power supply functions. Under Moul's leadership, TVA is a national leader in driving advanced nuclear technologies forward. In addition, TVA twice set records for meeting all-time peak power demands during severe weather and consistently delivered the strongest safety performance years in TVA history. TVA's senior leadership team will host a conference call and webcast at 9:30 a.m. ET today to discuss the second quarter fiscal year 2025 results. Please click here to pre-register. A webcast replay and transcript will also be available for one year on TVA's website at TVA's quarterly report on Form 10-Q provides additional financial, operational, and descriptive information, including unaudited financial statements for the quarter ending on Mar. 31, 2025. TVA's quarterly report and other SEC reports are available without charge on TVA's website at on the SEC's website at or by calling TVA toll free at 888-882-4975. This release may contain forward-looking statements relating to future events and future performance. Although TVA believes that the assumptions underlying these statements are reasonable, numerous factors could cause actual results to differ materially from those in the forward-looking statements. Please refer to TVA's most recent annual report on Form 10-K and quarterly report on Form 10-Q for a discussion of factors that could cause actual results to differ from those in the forward-looking statements. The Tennessee Valley Authority is the nation's largest public power supplier, delivering energy to more than 10 million people across seven southeastern states. TVA has one of the most diverse energy systems – including nuclear, hydro, solar, gas, and advanced technologies. TVA is making significant investments in its power system toward new generation and transmission. TVA is a corporate agency of the United States, receiving no taxpayer funding, deriving virtually all of its revenues from sales of electricity. TVA maintains some of the lowest energy costs and highest reliability in the nation. TVA's residential rates are lower than those paid by over 80% of customers of the top 100 U.S. utilities, and its industrial rates are lower than those paid by over 90% of customers of the top 100 U.S. utilities. In addition, TVA provides flood control, navigation, and land management for the Tennessee River system, and assists local power companies and state and local governments with economic development and job creation. Learn more at View original content to download multimedia: SOURCE Tennessee Valley Authority
