Vermont-based Northern Power Systems, Inc., announced today that it has been commissioned to deliver an energy efficient, on-site power system to the One Market Street office complex in downtown San Francisco, owned by Equity Office Properties Trust (NYSE: EOP).Equity Office is the nation’s largest publicly held office building owner and manager with a portfolio of 767 buildings comprising 127.4 million square feet in 21 states and the District of Columbia. With 1.5 million square feet of commercial space occupying an entire city block, One Market is one of the premier office buildings in San Francisco’s financial district.When the 1.5 megawatt system is completed early next year, it will become what is believed to be the first commercial on-site electric power system to be fully interconnected with Pacific Gas & Electric’s downtown San Francisco electricity grid.The advanced cogeneration system consists of three natural gas-fired generators and a sophisticated heat recovery process, which converts waste heat from the generators and their exhausts into steam. The steam will be used to heat the building. Northern is providing overall system design, engineering and commissioning. Northern is also supplying the generators and an automated control system designed to maximize system efficiency.Northern believes that this will be the first cogeneration system to be interconnected to the downtown San Francisco utility grid in full compliance with the Pacific Gas & Electric’s Rule 21 Interconnection Standards. Running in parallel with the utility grid allows the system to meet as much of the building’s electricity demand as possible, while the utility meets any needs in excess of the system’s capacity. By running near full capacity, the system delivers maximum electrical efficiency. Northern’s integrated control system also maximizes utilization of the waste heat from the generators, further increasing overall system efficiency.The cogeneration system, scheduled for installation in February 2003, can deliver up to 30% of One Market’s electricity and 85% of its steam needs for its space heating system.Northern’s power system is also considered a “green” system. In recovering waste heat, the system’s overall fuel efficiency rises to approximately 60%, compared to typical efficiencies of 30% from utility-produced power. Doubling fuel efficiency can reduce greenhouse gas emissions by up to 40%. These higher fuel efficiencies also qualify Equity Office’s new system for an incentive rebate from the Self-Generation Incentive Program of the California Public Utility Commission (CPUC). This program was established in 2001 to encourage on-site generation to reduce peak demand and avoid rolling blackouts such as those recently experienced by the state.”Equity Office is leading the commercial real estate market in actively implementing power solutions that make sense from a power security and from an environmental standpoint,” said Thomas Smith, Vice President of Energy Operations at Equity Office. “Teaming with Northern Power Systems to create this innovative approach to energy supply is fully consistent with our commitment to maintaining superior quality of service to our tenants, improving the efficiency of our systems, and lessening the impact of our operations on the environment.”Jito Coleman, president and CEO of Northern, stated, “We are fortunate to work with a company whose people recognize that power security and environmental benefit are not mutually exclusive. All of us at Northern are happy to help Equity Office reach its goals through the design and installation of this innovative and highly efficient cogeneration system.”
Vermont’s mortgage delinquency and foreclosure rates are still well below the national average and are some of the lowest in the nation. The May Mortgage Monitor report released today by Lender Processing Services, Inc. (NYSE: LPS), a leading provider of mortgage performance data and analytics, shows a 2.3 percent month-over-month increase in the nation’s home loan delinquency rate to 9.2 percent in May 2010, and that early-stage delinquencies are increasing as normal seasonal improvements taper off. This report includes data as of May 31, 2010.According to the Mortgage Monitor report, the percentage of mortgage loans in default beyond 90 days increased slightly, while both delinquency and foreclosure rates continue to remain relatively stable at historically high levels. There are currently more than 7.3 million loans currently in some stage of delinquency or REO. The report also shows that the average number of days for a loan to move from 30-days delinquent to foreclosure sale continues to increase, and is now at an all-time high of 449 days, resulting in an increase in “shadow” foreclosure inventory.After a two-month decline, deterioration ratios increased, with 2.5 loans rolling to a “worse” status for every one that has improved. The number of delinquent loans that “cured” to a current status declined for every stage of delinquency, except in the “greater than six months delinquent” category. This improvement was likely the result of trial modifications made through the Home Affordable Modification Program (HAMP) that transitioned into permanent status. Other key results from LPS’ latest Mortgage Monitor report include:Total U.S. loan delinquency rate:9.20 percentTotal U.S. foreclosure inventory rate:3.18 percentTotal U.S. non-current* loan rate:12.38 percentStates with most non-current* loans:Florida, Nevada, Mississippi, Georgia, Arizona, California, Illinois, New Jersey, Ohio and IndianaStates with the fewest non-current* loans:North Dakota, South Dakota, Wyoming, Alaska, Montana, Nebraska, Vermont, Colorado, Iowa and Minnesota*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.Note: Totals based on LPS Applied Analytics’ loan-level database of mortgage assets.LPS manages the nation’s leading repository of loan-level residential mortgage data and performance information from nearly 40 million loans across the spectrum of credit products. The company’s research experts carefully analyze this data to produce dozens of charts and graphs that reflect trend and point-in-time observations for LPS’ monthly Mortgage Monitor Report.To review the full report, listen to a presentation of the report and access an executive summary of the report, visithttp://www.lpsvcs.com/NEWSROOM/INDUSTRYDATA/Pages/default.aspx(link is external).About Lender Processing ServicesLender Processing Services, Inc. (LPS) is a leading provider of integrated technology and services to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, workflow automation (Desktop), portfolio retention and default, augmented by the company’s award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages by dollar volume are serviced using LPS’ Mortgage Servicing Package (MSP). LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, visit www.lpsvcs.com(link is external).SOURCE Lender Processing Services, Inc. JACKSONVILLE, Fla., July 6, 2010 /PRNewswire-FirstCall/ —
Sierra magazine has recognized Green Mountain College for its innovative efforts in sustainability, ranking GMC as the greenest college in the nation in its annual “Coolest Schools” feature. The cover story in the magazine’s September/October issue cites GMC for its commitment to sustainability in several categories including energy efficiency, food, academics, purchasing, transportation, waste management, administration, and financial investments.”Green Mountain College excels in most categories, and it’s the MVP when it comes to creativity. The campus gets power and heat from biomass and biogas (a.k.a. cow power),” the magazine said, referring to GMC’s new combined heat and power biomass plant and the College’s participation in Central Vermont Public Service’s Cow Power program, which converts cow manure on Vermont farms to methane gas, a renewable source of energy. No school scored a perfect 100 in the assessment; GMC came closest at 88.6.”Green Mountain established its environmental liberal arts mission in 1995, so we are an ‘early adapter’ in responding to the social and environmental challenges of our times,” said GMC president Paul J. Fonteyn. “Through our Environmental Liberal Arts program, we’ve sought to provide an education that emphasizes sustainability across all disciplines. This recognition is a testament to all the hard work of a whole generation of students, faculty and staff.”Fonteyn noted that construction of the school’s new biomass plant resulted from a strong collaboration among students, faculty, College administrators, and the Board of Trustees. The new plant will use locally-sourced woodchips to provide 85% of the school’s heat and generate 20% of its electricity. Through this project and several other initiatives, GMC expects to be the first college in the country to reach carbon neutrality after having reduced carbon emissions by more than 50%.Green Mountain College received several other accolades for sustainability practices in recent months. The College received a score of 98 out of a perfect 99 in the Princeton Review’s annual college “green” rankings included in the 2011 edition of The Best 373 Colleges. GMC announced in June that SAGE (Students for Academic and Green Engagement) Hall, the College’s recently renovated honors residence hall, was designated as a LEED® gold certified building by the U.S. Green Building Council.Sierra’s September/October cover story spotlights the schools that are making a difference for the planet, and marks the magazine’s fourth annual listing of America’s greenest universities and colleges.The complete list is available online at www.sierraclub.org/sierra/201009/coolschools/top100.aspx(link is external). To learn more about what GMC is doing to make its campus more sustainable, visit http://www.greenmtn.edu/sustainability.aspx(link is external).SOURCE: Green Mountain College. POULTNEY, Vt., Aug. 16, 2010 /PRNewswire-USNewswire/ —
As part of its continuing network investment to support growing demand for advanced mobile devices and applications, AT&T today announced the activation of a new mobile broadband cell site in Cabot that will enhance coverage for area residents and businesses. With mobile broadband speeds, AT&T customers can surf the Web, download files faster, and enjoy the very latest interactive mobile applications.The new cell site is one part of AT&T’s ongoing efforts to drive investment and innovation to deliver the nation’s best, most advanced mobile broadband experience for customers. With the nation’s fastestmobile broadband network, AT&T provides accelerated mobile data speeds and simultaneous voice and data capabilities.”We want you to have an extraordinary experience when you make a call, check e-mail or surf the Internet on your device,” said Steve Krom, vice president and general manager, AT&T in New England. “Investing in the local wireless network is just one way to accomplish this. In addition, our recently announced agreement to acquire T-Mobile USA will strengthen and expand our network in Vermont. If approved, this deal means that we’ll be able to expand the next generation of mobile broadband ‘ 4G LTE ‘ from our current plan of 80 percent of the U.S. population to 95 percent.”AT&T’s mobile broadband network is based on the 3rd Generation Partnership Project (3GPP) family of technologies that includes GSM and UMTS, the most widely used wireless network platforms in the world. AT&T has the broadest international coverage of any U.S. wireless provider, providing access to voice service in more than 220 countries and data service in more than 200 countries. AT&T also offers voice and data roaming coverage on more than 135 major cruise ships, as well as mobile broadband services in more than 130 countries.AT&T also operates the nation’s largest Wi-Fi network with more than 24,000 hotspots in the U.S. and provides access to more than 125,000 hotspots globally through roaming agreements. Most AT&T smartphone customers get access to our entire national Wi-Fi network at no additional cost, and Wi-Fi usage doesn’t count against customers’ monthly data plans.For more information about AT&T’s coverage in Vermont or anywhere in the United States, consumers can visit the AT&T Coverage Viewer. Using the online tool, AT&T customers can measure coverage quality of coverage from a street address, intersection, ZIP code or even a landmark.About AT&TAT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates ‘ AT&T operating companies ‘ are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation’s fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile broadband and emerging 4G capabilities, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse® and AT&T |DIRECTV brands. The company’s suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising.Source: AT&T Inc., April 19, 2011 /PRNewswire/
Saint Michael’s College,Fiske Guide to Colleges in 2012 and the Princeton Review’s Best 376 Colleges 2012 edition. The Fiske Guide is widely sold as ‘the #1 best-selling guide to colleges.’ And the Princeton Review’s Best 376 Colleges is called ‘the Princeton Review’s flagship college guide.’ ‘We’re very pleased to be included in these guides; we know that these are among the most important resources for students and their parents in making college choices, so it’s wonderful for Saint Michael’s to be described in books that get into the hands of so many families across the nation,’ said Saint Michael’s President John J Neuhauser. Being selected for these guides in the first place is the big step, since each book selects only about 15 percent of the nation’s colleges and universities for inclusion in its publication. On top of being included, Saint Michael’s was deemed a ‘Best Buy’ in the Fiske Guide, one of 49 institutions so named. Saint Michael’s made the 6th best in the Princeton Review category ‘best gown-gown relations’ and was deemed ‘a best Northeastern college.’ Neither guide ranks the colleges overall from 1 to 376 (that’s left to U. S. News). These two guides simply select the schools they deem academically worthy for inclusion, based on interviews, visits and research. They also make sure to include schools located across the whole U.S. geography and schools of all sizes. Saint Michael’s is a Fiske Guide ‘Best Buy’‘All of the Best Buy schools fall into the inexpensive or moderate price category, and most have four- or five-star academics ratings,’ according to the Fiske Guide’s press release, which said further, that despite rising tuition rates, ‘there are some bargains to be found in higher education.’ The Fiske Guide Best Buys are ‘schools that offer outstanding academics with relatively moderate prices,’ Saint Michael’s among them. Founded and written by Edward B. Fiske, who was education editor of the New York Times for 17 years, the Fiske Guide has come to be widely regarded as the leading college search book. It has been published for more than 25 years, helping untold numbers of students, parents, and counselors gain an independent perspective on the distinctive personalities of ‘the best and most interesting colleges and universities in the U.S., Canada, and Great Britain,’ according to the announcement of the book’s release.Saint Michael’s is #6 nationally in ‘good town-gown relations’ and ‘a best Northeastern college’ in Princeton Review’s Best 376 Colleges‘Our choices are based on institutional data we collect about schools, our visits to schools over the years, feedback we gather from students attending the schools, and the opinions of our staff and our 28-member National College Counselor Advisory Board,’ said Robert Franek, Princeton Review VP and author of The Best 376 Colleges.