Northstar Vermont Yankee,Entergy Corporation reported fourth quarter 2010 earnings of $1.26 per share on an as-reported basis, compared to the same period last year of $1.64. For year-end 2010, earnings were $6.66 versus $6.30 for 2009. Entergy is the parent company of the Vermont Yankee nuclear power plant in Vernon. SEE FULL REPORT HEREOperational Earnings Highlights for Fourth Quarter 2010â ¢ Utility results were lower due to an increase in non-fuel operation and maintenance expense.â ¢ Entergy Wholesale Commodities earnings decreased as a result of lower net revenue and a higher effective income tax rate, partially offset by a gain on sale of an investment.â ¢ Parent & Other results declined due to several individually insignificant items including higher interest expense.‘Once again our businesses delivered strong operational performance and for the sixth year in a row we achieved record operational earnings per share,’ said J. Wayne Leonard, Entergy’s chairman and chief executive officer. ‘Our efforts in 2010 have positioned us for future success. The Utility’s regulatory progress, including rate case settlements in Arkansas and Texas, and future opportunities for productive investments provide one of the best growth stories in the industry. The execution of the reorganization to establish Entergy Wholesale Commodities further enhances our focus on license renewal efforts. And as EWC faces challenging power markets, we are largely hedged in the upcoming years to provide certainty in a bearish environment.’Entergy’s business highlights include the following:â ¢ The Staff of the Nuclear Regulatory Commission issued its final supplemental environmental impact statement for Indian Point’s proposed 20-year license renewal, concluding that there are no environmental impacts that would preclude license renewal for an additional 20 years of operation.â ¢ The Public Utility Commission of Texas unanimously approved the Entergy Texas rate case settlement.â ¢ In January, Entergy Louisiana received the remaining regulatory approval from the Louisiana Public Service Commission for its proposed acquisition of the Acadia Unit 2 power plant paving the way for a first quarter 2011 closing.
COSTA RICAN rail administration Incofer invited bids on August 22 for a 25-year concession to restore and operate the 300 km Ferrocarril del Atlantico (RBR97 p52). Bidders have been given three months to inspect the property and submit final tenders by November 28. Various firms are in discussion with Incofer, and the government is confident of getting several offers.The Atlantico concession covers 170 km of main lines linking San Cristóbal and Ley River to Limón, and around 120 km of branches serving the region’s agricultural centres. Principal traffic prior to the suspension of services in June 1995 was export bananas to the port of Moín. As well as the right to rehabilitate and use the infrastructure, the concessionaire will be allocated a mix of state-owned assets, including 15 diesel locos, 545 wagons, and the workshops at Limón and Siquirres.Bidding terms for the second concession, covering the 150 km Pacifico network linking San José to the port of Caldera, are to be announced before the end of this year. Incofer President Lic José Francisco Bolaños Arquin says ’the concessioning process will bring major benefits through the efficient private-sector operation of rail services which meet the real transport needs of Costa Rica.’ o
“I’m just going to go and have a beer with Sam (Allardyce)…we’re not really supposed to be playing like this, Sam and myself,” he said. “Sam and I both playing diamonds? Usually we’re just buying diamonds for people’s fingers. “It was a really entertaining game of football. When I analyse it later I’ll probably think it was a point gained. “We’ve both brought people in to add fire power and score goals but there’s also a knack of keeping people out which we need to do too.” Allardyce highlighted Valencia’s stunning effort as the key moment, the Ecuador striker marking his first league start with an effort that will surely keep him in the XI for the foreseeable future. “Our first goal is one of best we’ll see this season and we’ve seen some terrific goals already,” said Allardyce. “The power and accuracy of the shot…it was past McGregor before he could move. “It stunned the whole ground, the place went silent I think. “It was that good a goal but it was very important to get back in the game. “It was a nip and tuck first half but Hull got their noses in front. “I thought we then took control for long periods and we had one or two chances to score but then we gifted them the second. “I’m thinking ‘come on lads, you can’t allow us to play like this and not get anything’ and we did bounce back very quickly.” It might have been an even more memorable showing from the Uruguay international had a 25-yard drive five minutes later crept under the crossbar instead of ricocheting off it. Asked what had persuaded him to pitch Hernandez directly into action after one training session, Bruce said: “It was just his attitude. He’s been back (from international duty) and in Europe for three, four, five (days) waiting patiently for his passport. “So we went to Croydon to the office for it, we flew to Rome with it and met him there in Rome. “He only got here on Saturday afternoon, Sunday he was training and he was desperate to play. I’m so pleased we did it, even though he can hardly move now, but he’ll be fine.” Hernandez’s header put Hull 1-0 up at half-time only for opposite number Enner Valencia to top it with a superb piledriver from 25 yards. A second City debutant, Mohamed Diame, starting against the club he left on deadline day, then restored the lead with an opportunistic goal after pickpocketing an errant Hammers throw-in. The visitors levelled again when Diafra Sakho’s low shot escaped Allan McGregor and was turned home by defender Curtis Davies, teeing up a tense finale that peaked when Valencia’s injury-time header was deflected off the crossbar. That left Bruce to reflect on an exciting spectacle, but one that did little to enhance either manager’s reputation for defensive solidity. Hull manager Steve Bruce credited a late dash from Croydon to Rome for making Abel Hernandez’s barnstorming debut possible. Bruce had expected to be without his club record signing for the home clash with West Ham due to a delay with his work permit. But the relevant paperwork was completed just in time for the Tigers to complete a cross-continental jaunt to bring the £9.5million signing in over the weekend and he repaid Bruce’s decision to throw him straight in by scoring a fine header in his side’s 2-2 draw. Press Association