CVPS reports fourth quarter loss, annual gain

first_imgRUTLAND, VT — (Marketwire) — 03/13/09 –Source: Released: 03/13/09 04:59 AM EDT Central Vermont Public Service (NYSE: CV Central Vermont Public Service reported consolidated annual earnings of $16.4 million, or $1.52 per diluted share of common stock for 2008, compared to $15.8 million, or $1.49 per diluted share of common stock for 2007. CV reported fourth-quarter 2008 consolidated losses of less than $0.1 million, or 1 cent per diluted share of common stock, compared to earnings of $5.3 million, or 50 cents per diluted share of common stock, for the same period last year.Highlights: — Annual earnings of $16.4 million, or $1.52 per diluted share, up 3 cents compared to last year — Fourth-quarter loss of less than $0.1 million, or 1 cent per diluted share, 51 cents lower than last year — Increased annual resale revenues of $9.7 million and increased annual earnings from affiliates of $9.8 million contributed favorably — Retail rate increase of 2.3 percent effective Feb. 1, 2008 — Vermont Public Service Board (PSB) approved alternative regulation plan effective Nov. 1, 2008 — Deferred $4.1 million of Dec. 2008 ice storm costs for recovery over one-year beginning July 2009 — Common stock issuance of 1,190,000 shares provided $21.3 million of net proceeds — 2009 earnings guidance of $1.40 to $1.60 per diluted share.”Extremely high storm restoration costs due to a historic ice storm in December would have significantly affected our fourth-quarter and annual earnings, but we received a favorable Public Service Board regulatory decision, with the Department of Public Service’s endorsement, under our alternative regulation plan and were able to defer $4.1 million of those costs,” President Bob Young said. “Restoring service after the ice storm cost the company more than $5 million. Despite the tremendous costs and challenges, the storm showcased the incredible spirit and professionalism of our employees, who rose to the occasion and restored service to all customers quickly and safely. What could have been a disaster operationally became one of our finest hours.”Year-end 2008 results compared to 2007Annual operating revenues increased $13.1 million, including $9.7 million in resale revenues, $1.3 million in retail revenues and $2.1 million in other operating revenues. Resale revenues increased due to higher average prices and an increase in excess power available for resale. We had more power available for resale because retail sales volume decreased 2.6 percent, while output from Vermont Yankee, Independent Power Producers and our owned and jointly owned generating units increased compared to 2007.The increase in retail revenues included $5.7 million from the 2.3 percent rate increase and $2.2 million from higher average unit prices resulting from customer usage mix and rate redesign. This was partially offset by a $6.6 million decrease in sales volume. The volume decrease reflects lower average usage resulting from a slowing economy and energy conservation, and the effect of the loss of three industrial customers due to plant closures. Other operating revenues increased largely due to the sale of transmission rights.Purchased power expenses increased $4.7 million due to increased purchases of output from the Vermont Yankee plant, Independent Power Producers and short-term purchases, partially offset by reduced deliveries from Hydro-Quebec due to a 5 percent decrease in the annual load factor. Vermont Yankee operated at nearly full capacity during 2008 with the exception of a few derates and the scheduled refueling outage in the fourth quarter of 2008. The plant had a scheduled refueling outage in the second quarter of 2007, and a derate and unplanned outage in the third quarter of 2007.Other operating expenses increased $8.3 million. This was largely the result of higher transmission-related expenses, due to higher rates under the New England transmission tariff and costs from Vermont Transco LLC (“Transco”) for its capital projects and increases in its operating costs. As a result of a favorable regulatory decision from the Public Service Board, pursuant to our alternative regulation plan, we were able to defer $4.1 million of service restoration costs resulting from the ice storm in December 2008. We also had higher tree trimming and employee-related costs, higher net regulatory amortizations and reserves for uncollectible accounts, partially offset by lower professional service costs. In 2007, Other operating expenses included $3.5 million of service restoration costs related to the so-called Nor’icane.Other factors impacting 2008 results compared to 2007 include a $9.8 million increase in equity in earnings from affiliates as a result of the additional $53 million investment in Transco that we made in December 2007, partially offset by the related income taxes, a $2.3 million decrease in other, net, principally due to a decline in the cash surrender value of variable life insurance policies held in trust to fund supplemental retirement plans, which are affected by the equity markets, and a $3 million increase in interest expense largely due to the $60 million first mortgage bonds issued in May 2008.Fourth-quarter 2008 results compared to 2007Operating revenues decreased $3.2 million in the fourth quarter, including $3 million of lower resale revenues, $0.4 million of lower retail revenues, and $0.1 million of provision for rate refunds, offset by $0.3 million of higher other operating revenues. Resale revenues decreased due to less power available for resale due to planned nuclear refueling outages and lower average prices. Less power was available for resale due to the planned refueling outages at the Vermont Yankee and Millstone Unit #3 plants. Retail revenues decreased $0.4 million due to lower volume and customer usage mix, which were partially offset by the 2.3 percent retail rate increase effective Feb. 1, 2008.Purchased power expenses increased $0.5 million related to higher short-term purchases for replacement power during the planned nuclear plant outages and increased output from Independent Power Producers, partially offset by decreased output from the Vermont Yankee plant. Independent Power Producers consist primarily of hydro facilities and output levels are dependent on weather conditions.Other operating expenses increased $4.1 million due to transmission-related expenses principally due to higher rates under the tariff, partially offset by higher reimbursements under the New England open access transmission tariff. Other items are the same as those described above.Equity in earnings of affiliates increased $2.4 million, interest expense increased $0.8 million, and Other, net decreased $0.1 million due to the reasons described above.2009 Earnings GuidanceCV anticipates 2009 earnings in the range of $1.40 to $1.60 per diluted share. As part of an alternative regulation agreement approved by the Vermont Public Service Board, the company’s allowed rate of return on equity is 9.77 percent, but due to the earnings sharing provisions of the agreement, the actual return on equity from utility operations can fall between 10.21 percent and 8.77 percent.WebcastCV will host an earnings teleconference and webcast on March 13, 2009 beginning at 11 a.m. EDT. At that time, CV President and CEO Robert Young and CV Chief Financial Officer Pamela Keefe will discuss the company’s financial results, as well as progress made toward achieving its long-term strategy.Interested parties may listen to the conference call live on the Internet by selecting the “Q4 2008 Central Vermont Public Service Earnings Conference Call” link on the investor relations section of the company’s website at www.cvps.com(link is external). The dial-in number is: 1-877-407-0782. An audio archive of the call will be available at approximately 1 p.m. EDT at the same location or by dialing (Toll Free) 1-877-660-6853 or (International) 1-201-612-7415 and entering Passcodes: Account #: 286 and Conference ID #: 314464.About CVCV is Vermont’s largest electric utility, serving approximately 159,000 customers statewide. CV’s non-regulated subsidiary, Catamount Resources Corporation, sells and rents electric water heaters through a subsidiary, SmartEnergy Water Heating Services.Form 10-KToday the company filed its annual 2008 Form 10-K with the Securities and Exchange Commission. A copy of that report is available on the investor relations section of our web site, www.cvps.com(link is external). Please refer to it for additional information regarding our condensed consolidated financial statements, results of operations, capital resources and liquidity.Forward-Looking StatementsStatements contained in this press release that are not historical fact are forward-looking statements intended to qualify for the safe-harbors from the liability established by the Private Securities Litigation Reform Act of 1995. Statements made that are not historical facts are forward-looking and, accordingly, involve estimates, assumptions, risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. Actual results will depend, among other things, upon the actions of regulators, performance of the Vermont Yankee nuclear power plant, effects of and changes in weather and economic conditions, volatility in wholesale electric markets and our ability to maintain our current credit ratings. These and other risk factors are detailed in CV’s Securities and Exchange Commission filings. CV cannot predict the outcome of any of these matters; accordingly, there can be no assurance that such indicated results will be realized. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this press release. CV does not undertake any obligation to publicly release any revision to these forward-looking statements to reflect events or circumstances after the date of this press release.Reconciliation of Earnings Per Diluted Share Three Twelve Months Ended Months Ended December 31 December 312007 Earnings per diluted share $ 0.50 $ 1.49 (Lower) higher operating revenues (0.17) 0.73 Higher equity in earnings of affiliates 0.13 0.54 Higher purchased power expense (0.03) (0.27) Higher transmission expense (0.01) (0.25) Higher interest expense (0.05) (0.17) Higher other operating expenses (1) (0.21) (0.21) Other (2) (0.17) (0.34) ———– ———–2008 (Loss)/Earnings per diluted share $ (0.01) $ 1.52 =========== ===========(1) Includes higher tree trimming, employee-related and net regulatory amortizations, offset by lower service restoration costs, largely due to the April 2007 Nor’icane.(2) Includes higher loss on life insurance policies, affected by the equity markets, and higher income taxes related to equity in earnings. Central Vermont Public Service Corporation – Consolidated Earnings Release (unaudited) (dollars in thousands, except per share amounts) Three Months Ended Twelve Months Ended December 31 December 31 2008 2007 2008 2007 ———- ———- ———- ———-Condensed income statementOperating revenues: Retail sales $ 71,732 $ 72,083 $ 283,073 $ 281,819 Resale sales 8,211 11,254 48,641 38,935 Other 2,741 2,520 10,448 8,353 ———- ———- ———- ———-Total operating revenues 82,684 85,857 342,162 329,107 ———- ———- ———- ———-Operating expenses: Purchased power – affiliates and other 41,132 40,590 165,451 160,722 Other operating expenses 42,059 37,946 153,403 145,119 Income (benefit) tax expense (947) 1,443 4,878 5,291 ———- ———- ———- ———-Total operating expense 82,244 79,979 323,732 311,132 ———- ———- ———- ———-Utility operating income 440 5,878 18,430 17,975 ———- ———- ———- ———-Other income: Equity in earnings of affiliates 4,022 1,618 16,264 6,430 Other, net 13 92 (879) 1,379 Income tax expense (1,512) (183) (5,862) (1,458) ———- ———- ———- ———- Total other income 2,523 1,527 9,523 6,351 ———- ———- ———- ———-Interest expense 2,968 2,149 11,568 8,522 ———- ———- ———- ———-Net (loss) income (5) 5,256 16,385 15,804Dividends declared on preferred stock 92 92 368 368 ———- ———- ———- ———-Earnings available for common stock $ (97) $ 5,164 $ 16,017 $ 15,436 ========== ========== ========== ==========Per common share dataEarnings per share of common stock – basic $ (0.01) $ 0.51 $ 1.53 $ 1.52Earnings per share of common stock – diluted $ (0.01) $ 0.50 $ 1.52 $ 1.49Average shares of common stock outstanding – basic 10,863,926 10,222,378 10,458,220 10,185,930Average shares of common stock outstanding – diluted 10,863,926 10,380,808 10,536,131 10,350,191Dividends declared per share of common stock $ 0.00 $ 0.00 $ 0.92 $ 0.92Dividends paid per share of common stock $ 0.23 $ 0.23 $ 0.92 $ 0.92Supplemental financial statement dataBalance sheet Investments in affiliates $ 102,232 $ 93,452 Total assets $ 626,126 $ 540,314 Notes Payable $ 10,800 $ 63,800 Common stock equity $ 219,479 $ 188,807 Long-term debt (excluding current portions) $ 167,500 $ 112,950Cash Flows Cash and cash equivalents at beginning of period $ 3,803 $ 2,799 Cash provided by operating activities 28,400 34,092 Cash used for investing activities (40,498) (76,620) Cash provided by financing activities 15,017 43,532 ———- ———- Cash and cash equivalents at end of period $ 6,722 $ 3,803 ========== ==========last_img read more

Oil and gas industry: Coal plants no more secure than pipelines

first_imgOil and gas industry: Coal plants no more secure than pipelines FacebookTwitterLinkedInEmailPrint分享Houston Chronicle:More than 300,000 miles of natural gas transmission lines crisscross the United States, fueling electricity and industrial plants and heating homes, while also providing an alluring target for hackers looking to disrupt the American economy. Now those pipelines are at the center of a debate in Washington about the future of the power grid, as Energy Secretary Rick Perry argues that an increasingly sophisticated cybersecurity threat makes relying on natural gas to the exclusion of coal and nuclear plants a disaster waiting to happen.“You have a greater reliance on natural gas than you’ve ever had before,” Bruce Walker, assistant secretary of electricity and energy reliability, said in an interview. “Because of the interdependence on the gas infrastructure, if you take out a pipeline you can also take out 10 to 15 [power] generators.”The administration’s concern about cybersecurity comes as the White House considers next steps in its bid to halt the closure of coal and nuclear power plants, which have come under increasing economic pressure from the huge glut of cheap gas coming out of shale fields in Texas and other states, as well as increasingly efficient renewable energy sources such as wind and solar.That has set the administration and Perry in direct conflict with natural gas producers, many of whom believe the administration is raising the issue of cyber security of gas pipelines to justify bailing out a coal sector that President Donald Trump has promised to revive.Lobbyists for oil and gas companies are fighting to head off such action, arguing in meetings on Capitol Hill that pipelines are as well protected from cyber threats as any U.S. industry and the administration’s talking points amount to another attempt to bail out the coal sector.“To single out gas infrastructure, it misses the point. All the energy sector is being targeted by bad actors,” said Todd Snitchler, director of market development at the American Petroleum Institute. “The oil and gas industry takes our cybersecurity very seriously. It’s being managed all the way up to the board level.”More: Is focus on pipeline cyber security ruse to prop up coal?last_img read more

Bethpage Man Charged With Fatal Hit-and-run

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A suspected hit-and-run driver was arrested for allegedly causing the death of a 59-year-old Seaford man in North Massapequa over the weekend, Nassau County police said.Francis Ossandon, 77, of Bethpage, was driving northbound on Hicksville Road when he struck a bicyclist and fled the scene at 6:26 p.m. Sunday, police said.The victim, Francis Llanos, was taken to Saint Joseph’s Hospital, where he was pronounced dead. Police found Ossandon at his residence and placed him under arrest.Ossandon was charged with leaving the scene of a fatality. He will be arraigned Monday at First District Court in Hempstead.last_img

UK Pensions Infrastructure Platform adds solar as fund launch nears

first_img“It is important we do everything we have to do in describing this novel concept [to the FCA],” he said.“We should benefit by the fact we are investing in very simple products – real tangible assets, not complex structured derivative instruments. “We might lose in consideration by [the PIP’s] being a new, different structure with founding investor pension schemes backing the concept.”For the FCA authorisation, Weston said it was essential to have appropriate people within the company, adding that it was currently recruiting for an investment director with direct dealing experience in infrastructure assets.There are also plans to add a head of risk function and investment analytical support for the team. Weston said headcount would grow as assets under management did.The PIP is also set to launch a multi-strategy infrastructure investment fund, which has been already developed by the organisation and will be launched once FCA authorisation is given.Over the long term, Weston said he expected the PIP to hold a mixture direct and indirect investments – using the two external funds as a starting point.In addition to the PPP Equity Fund, managed by Dalmore Capital, the PIP has arranged to host Aviva Investors’ Solar PV fund, which invests in solar panels and power generation.The Dalmore fund has already invested £255m (€209m) of PIP founding investor capital in 42 assets and increased the cap of the fund to £600m, which will close in September this year.Dalmore said it expected to increase its fund AUM from £350m currently to £500m by April, while the solar fund has yet to be launched but has a cap of £250m.Weston also said the PIP would like to grow and become more able to invest in large-scale UK infrastructure projects and that discussions had taken place over a bid for the Thames Tideway Tunnel, a £4.8bn project to update London’s ageing sewer network.The PIP originally set its target size of £2bn based on £200m commitments from its original 10 founding members.Weston admitted there was a long way to go to raise the capital.However, he said the “controlled expansion” of the platform would allow for this to happen.He also said the PIP was working on the challenge of being able to accept commitments of any size from UK pension funds – and that assets would match those required by insurance companies so pension schemes could still approach buyouts.Only five of the 10 founding investors have committed capital to the Dalmore PPP Equity fund, as three funds left the platform altogether, and two refrained from infrastructure equity.Read Taha Lokhandwala’s analysis on how the PIP and similar projects in Europe are working for pension funds The UK’s Pensions Infrastructure Platform (PIP) has added a solar investment fund to its portfolio as it builds up internal capacity and awaits regulatory approval to become a fully fledged asset manager.The PIP was set up, backed by the National Association of Pension Funds (NAPF), in 2011 as a method of channelling pension fund investment into UK infrastructure, avoiding the market fee structure and general partner/limited partner set-ups.After making its first allocations in public/private partnership (PPP) infrastructure equity assets in 2014, the PIP is set to finalise its approval from the Financial Conduct Authority (FCA) and begin managing assets in-house.Mike Weston, chief executive at the PIP, said gaining authorisation would be the third and final key stage in the fund’s long-term plan to become a ‘one-stop shop’ for pension fund infrastructure investment.last_img read more

Koolmees: ‘Balanced transition’ most difficult challenge of new pensions contract

first_img“For sure, there will be serious discussions about the valuation of pension rights during the transition,” he said.The fact that parliamentary elections are coming up in March next year only complicates matters further. “There will be serious discussions about the valuation of pension rights during the transition”Wouter Koolmees, Dutch social affairs minister “This means time is short to draft the required legislation,” Koolmees acknowledged, adding he is not sure the current parliament will be able to vote through all required legislation in time.Right of appealAnother contentious topic is the question of whether pensioners will have the opportunity to object against the eventual decision by their pension fund on how to convert their pension rights from DB to DC.The minister is of the opinion that cutting pension rights is possible in the public interest, provided the individual is not disproportionately burdened by the reduction.While the legislation will thus not foresee in an individual right of appeal, “we want to strengthen the collective right of appeal,” vowed Koolmees.Pension funds’ accountability bodies will get a central role in this strengthened right of appeal, but the minister added the relevant legislation is currently being developed.Responding to a questions by a pensioner, Koolmees could not give a definite answer on whether pension funds’ accountability bodies will also get a “right of rejection” in addition to their “strengthened right of appeal”.To read the digital edition of IPE’s latest magazine click here. Ensuring a balanced transition to the new defined contribution (DC) pensions contract, that will result in an outcome that’s acceptable to all generations, will be the most difficult challenge for the new pensions agreement, the Netherlands’ social affairs minister Wouter Koolmees said.In a live webinar (in Dutch) during which he answered questions of readers of Dutch publication Pensioen Pro, Koolmees acknowledged the precarious financial position of many pension funds in the Netherlands – many of which have coverage ratios below or close to 90% – that will make the upcoming transition from defined benefit to DC plans “a complex affair”.If pension schemes’ funding ratios are still below 100% at the moment of transition, they will have no choice but to cut pension rights. Koolmees vowed to do everything in his power to ensure “transparency” in pension funds’ decision-making.Under the new pension law, which is yet to be drafted, pension funds will be required to ensure a “balanced” transition that takes into account the interests of all scheme members.last_img read more

Bloodied Ferguson shows off wounds in hospital selfie

first_img Loading… Promoted Content7 Theories About The Death Of Our Universe10 Risky Jobs Some Women DoWhat Is A Black Hole In Simple Terms?6 Interesting Ways To Make Money With A DroneBoys Deserve More Than Action-Hero Role ModelsWho Earns More Than Ronaldo?5 Of The World’s Most Unique Theme Parks8 Superfoods For Growing Hair Back And Stimulating Its GrowthBirds Enjoy Living In A Gallery Space Created For ThemLook At Something Beautiful That Wasn’t Made By A Human BeingTop 10 Most Famous Female Racers Of All Time8 Things To Expect If An Asteroid Hits Our Planet Tony Ferguson seemed in good spirits as he posted a photo in hospital after he suffered a broken eye-socket in his shock defeat to Justin Gaethje at Ultimate Fighting Championship (UFC 249)Ferguson suffered his first defeat in eight years on Saturday night against Gaethje, in an event where he was originally scheduled to face unbeaten lightweight champion Khabib Nurmagomedov.But after receiving a bruising from Gaethje in front of an empty arena in Jacksonville, Florida, the referee waved off the fight in the fifth-round and Ferguson was rushed to hospital. Despite the loss, the 36-year-old smiled for a selfie with wife Cristina to celebrate Mother’s Day in the US. He captioned his Instagram: ‘Love You Babygirl. Thanks for Taking Care of Me #Happy Mother’s Day Toots.’  Ferguson also posted a video dancing in hospital, saying: ‘When You’re About To Get Discharged From The Hospital #LetMeOut.’ Gaethje delivered the performance of his career and dominated from start to finish, securing a fifth-round stoppage and thus a shot at the title against Khabib. The unbeaten Russian congratulated the victor on Twitter afterwards, saying: ‘It was so impressive, congratulations. Very smart fight.’ Gaethje landed 143 significant strikes, 100 of those to the head, as he outfought Ferguson to win the interim lightweight crown. UFC president Dana White has confirmed that Ferguson sustained an orbital fracture in the process.Battered Tony Ferguson recuperating after bloody fightFerguson himself was full of praise for Gaethje, though admitted the uncertainty surrounding his opponent at the behind closed doors event made preparation difficult. ‘It was a long camp. The weight cut had nothing to do with it. Justin’s a tough son of a b***h, I’ll be realRead AlsoWWE: Asuka, Otis win MITB briefcases after Mysterio is thrown off the roofIt was Ferguson’s first loss since 2012 and despite contesting the stoppage, his facial wounds were evidence of the beating he suffered in the main event, with White admitting: ‘I thought Tony Ferguson looked off tonight. FacebookTwitterWhatsAppEmail分享 last_img read more

Former athletes planning Independence Day `Old School versus New School’ athletic championship

first_imgBy Joe ChapmanCOME Independence Day, May 26, two former track athletes from Mackenzie High School (MHS) and Christianburg/Wismar Secondary (Multi) are putting together what they term the inaugural ‘Old School/New School’ Track and Field Championship, which will be staged at the Mackenzie Sports Club ground.The former athletes Shawn ‘Baldhead’ McNeil who attended MHS and Floyd Cameron who is a past student of Multi came up with the idea as they reminisced at the good old days when they were fierce competitors.Speaking to Chronicle Sport, McNeil said, “We started at the Under-11s to compete against each other, then at secondary school and as such, over the years Floyd began giving back basically to Multi items such as running shoes and I did likewise, to get trophies for MHS athletes from time to time. So we thought instead of doing things individually, he at Multi and I at MHS, we decided to do something to let both schools benefit.”Shawn McNeilIt was from this aspect of donating to their alma mater that McNeil said, “We decided to host a championship in our names and pit the two schools against each other. We call it the “Old School, New School” track athletic championship.Events for past athletes will be the Over-20, Over-40, Over-50 and the normal events for the athletes who are currently attending school.“Our plan is to give each school nothing less than $100 000 that will go towards their individual track and field programme. That is our plan and it is also our desire to feed the athletes on the day of the championship and not let that be the task of the schools.”McNeil also hinted that while it is our plan to feed the athletes, we are looking to create a menu that is going to be beneficial for the athletes on that day.”McNeil added, “We also plan to recognise eight former athletes, two males and two females from each school. Instead of giving athletes a trophy we plan to give them a tablet and it is about six tablets which we have catered for in our budget.”The former standout MHS track and field athlete further informed that they also intend to give the two schools one Smart flat screen television to help with the track and field programme.They have already approached Multi Track Club and Ministry of Education, who are excited about the planned championship. He said, “Both schools are on board and hopefully everything works out the way it is planned to have a successful championship.”last_img read more

Tiger Woods Eyes October Return After Knee Surgery

first_imgTiger Woods Masters champion Tiger Woods is seeking an October return after revealing he had a knee operation last week.The 43-year-old, who ended an 11-year wait for his 15th major in April, said arthroscopic surgery repaired minor cartilage damage in his left knee.The world number eight hopes to play in the PGA Tour’s new event in Japan, the ZOZO Championship, from 24-27 October. Woods, one short of Sam Snead’s 82 PGA Tour wins, has had four previous knee operations and four back surgeries.The latest operation was performed by Dr Vern Cooley, who said: “I expect Tiger to make a full recovery. We did what was needed and also examined the entire knee. There were no additional problems.”After winning his fifth Masters title in April, Woods missed the cut at the PGA Championship and Open.He withdrew from this month’s Northern Trust shortly before his tee time citing a mild sprain, but returned for the BMW Championship at Medinah Country Club.However, his 37th-place finish meant he did not qualify for the Tour Championship finale, which he won the year before to end a five-year spell without a PGA title.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Eunisell Boot Joint-winners Boost Eagles Squad for Togo Clash

first_imgCHAN 2020Eunisell Boot 2019 joint winners Sunusi Ibrahim and Mfon Udoh are amongst players in the camp of the Super Eagles ahead of their CHAN 2020 First Leg, final round qualifier against Togo, on Sunday.Both players were celebrated at an impressive ceremony by Eunisell, earlier in the year, as part of the brand’s desire to boost the quality of domestic football in the country. Sunusi Ibrahim and Mfon Udoh Udoh, who plays for Akwa United said: “I feel great. I feel excited and grateful. The Eunisell Boot has enhanced my profile.“It shows I have been recognized for hard work.”Ibrahim, who scored his first goal for Nigeria on his second cap for the U23 team is equally excited.“A lot has happened to me since the Eunisell Boot coronation and I dedicate this invitation to Eunisell,” he said to Eunisell Football’s Twitter account: @EunisellFball.Conceived by Nigeria’s leading chemical and specialty fluids and Production Solutions Group, Eunisell, the Eunisell Boot seeks to raise the standard of public interest in the top flight by rewarding the outstanding top scorers in the domestic top flight with cash incentives.With the 2019/20 NPFL season about to kick off, top stars have continued to score goals in pre-season tournaments across the land to indicate their readiness for the Eunisell Boot 2020 Award.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Schelling: Students’ voices hopefully change policy for better

first_imgMark your calendars now: Student football tickets go on sale June 22 at 8:30 a.m.Set five alarms or stay up all night with a case of 5-Hour Energy if you have to, because tickets will once again be first-come, first-served — just like the good ol’ days.Now before you criticize the Athletic Department based on the rapid sellout and communication issues in the past, keep in mind why it made the change.According to the press release, the decision to change (or go back to normal) was made “after considering substantial feedback from students.”I guess all the complaining everyone did about the lottery system worked after all.So, this means you don’t have to win a lottery to get the opportunity to buy tickets this season, and you won’t have to wear wristbands like the start of last season after the success of the “Fuck the wristbands” chant. So, that’s the good news, but what about the bad news?Well, with the introduction of a complete first-come, first-served system, the Athletic Department has put everyone on equal ground. That’s right — whether you’re on your victory lap as a fifth-year senior or an incoming freshman, you have an equal opportunity to buy season tickets to watch Bret Bielema’s new punt formation.That means your friend’s roommate’s little brother, who may not have even set foot on campus before now, has just as much chance of buying tickets as you or I.So while you’re toiling away at your summer job or internship with another “case of the Mondays” on June 22, be careful not to let some bright-eyed and bushy-tailed incoming freshman who has yet to appreciate the beauty of thousands of drunken students singing “Sweet Caroline” swoop in and take away your tickets.Sure, they’ve always reserved some tickets for freshmen, but in doing so, they kept the playing field level among returning students by making them compete only with each other while incoming freshmen had to win a lottery to get tickets. This meant there were more tickets available to sophomores, juniors and seniors, and they were all but guaranteed to anyone who remembered the date and time of the sale.If you’re a graduate student, however, you’re in luck.Rather than hope to beat out the countless number of students trying to buy tickets at 8:33 a.m. on June 22, you can conveniently stroll over to www.uwbadgers.com on July 6 and buy one of 1,700 tickets reserved for graduate and professional students.Wait, what?That’s right, apparently graduate students are more coveted attendees of Wisconsin football games than undergraduates. And it’s not like they will have a lottery for graduate students to buy tickets — they can buy one of those 1,700 in the same first-come, first-served fashion as everyone else.Of course, if the graduate students decide 1,700 tickets is too many for them as a collective unit to purchase in four days, they will become available to the general student body on July 13.Why the three-day gap between the end of graduate sales and the reopening of the tickets to undergrads? Sometimes I think the people that think these systems up just pick random, arbitrary dates for everything and hope everything works out for the best.Although the new-old ticketing system employed by the Athletic Department for the upcoming season is a step in the right direction, it leaves plenty of room for improvement. And although I will not need tickets to the football games in the fall — barring any unforeseen change in my job description — I offer a few suggestions.First, reserve a specific (read: small) number of tickets for freshman.The number should be somewhere in the same range of the freshman lottery in the past and those tickets, like all the rest, should be first-come, first-serve among new students.In doing so, the UW would give at least a small amount of priority to students who have actually sat through a power lecture before, rather than group them in with all incoming freshmen who held their high school graduation party the night before buying tickets.Second, student IDs should be scanned at every game to determine who is using their tickets and who is simply selling them off to someone else.It seems inevitable tickets will sell out at a record pace with the new system, so to make things fair, those that scalp tickets for obscene amounts of money should be punished in future seasons.It’s simple: Track everyone who buys tickets and check to see if they actually use their tickets or if they sell to someone else. If someone buys tickets and fails to attend a single game, do one of two things next year: Either prevent them from buying tickets altogether or make them wait a day or two to purchase tickets.Finally, make sure everyone with any potential interest in purchasing tickets receives the e-mail announcement this year. I don’t care if you flood my e-mail inbox with a reminder every day from now until June 22 — if that’s what it takes to ensure that people don’t “forget” about the purchase date, so be it.As long as everyone has an equal chance to watch John Clay and company crush the likes of Wofford, Northern Illinois and Fresno State, I’m confident this system will be better than the lottery I had to wait out last June.Jordan is a junior majoring in journalism and political science. Think the new system will work? Have any creative plans for making sure you wake up in time? Let him know at jschelling@badgerherald.com.last_img read more