OTP accrued interim and rider rate refunds until final rates became effective. The final interim rate refund, including interest, of $9.0 million was applied as a credit to Minnesota customers’ electric bills beginning November 17, 2017. In addition to the interim rate refund, OTP refunded the difference between (1) amounts collected under its Minnesota ECR and TCR riders based on the ROE approved in its most recent rider update and (2) amounts that would have been collected based on the lower 9.41% ROE approved in its 2016 general rate case going back to April 16, 2016, the date interim rates were implemented. The revenues collected under the Minnesota ECR and TCR riders subject to refund due to the lower ROE rate and other adjustments were $0.9 million and $1.4 million, respectively. These amounts were refunded to Minnesota customers over a 12-month period beginning in November 2017 through reductions in the Minnesota ECR and TCR rider rates. The TCR rider rate is provisional and subject to revision under a separate docket.
On January 11, 2019, the Court granted the United States’ motion for judgment by default for a penalty in the amount of $51,102 plus post-judgment interest as provided by law plus costs. In the underlying proceeding, Selecta Corporation had failed to respond in any way since the issuance of the penalty claim and throughout the duration of the litigation before the Court. Accordingly, the Court found that it had no basis to conclude that the penalty proposed by the United States would be inequitable. Based on the government’s loss of the use of the funds, the Court concluded that the imposition of the penalty sought by the U.S. was the appropriate disposition of this action and ruled in favor of the Government.
DAVIES: Tell us a little bit about the Paris underground. I mean, it’s – there’s a storied history of the catacombs. Just describe a bit for us.
DAVIES: Our guest is Will Hunt. He has written a new book about life underneath the earth. It’s called "Underground: A Human History Of The Worlds Beneath Our Feet." We’ll continue our conversation in just a moment. This is FRESH AIR.
Several other brokerages have also recently issued reports on TX. Goldman Sachs Group assumed coverage on shares of Ternium in a research report on Thursday, December 13th. They set a “buy” rating on the stock. Itau BBA Securities cut shares of Ternium from an “outperform” rating to a “market perform” rating in a research report on Monday, January 14th. Banco Santander cut shares of Ternium to a “hold” rating and set a $35.00 target price on the stock. in a research report on Wednesday, December 12th. Santander cut shares of Ternium from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Finally, Zacks Investment Research cut shares of Ternium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $37.50.
Efficiency and Accuracy: Scans have the capability to provide a comprehensive look into the surrounding area. So, for example, with a piping job such as this, PLC was able to use the point cloud to verify tie-ins, verify equipment, verify valves and instruments, as well as clashes. By using the scans, PLC was able to spend more time in the office working on the design rather than spending countless hours measuring these variables in the field, making design process significantly more efficient and also more accurate.
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These essential steps are encouraging but need to be further developed. We are pursuing our efforts to improve our cost competitiveness in identified areas. We will focus particularly on Germany, where an ambitious plan is being launched, as well as on Brazil. These new initiatives are planned to add at least €200m to our 2020 objective of gross savings, now at €650 million, with a significant part achievable as soon as 2019. We have in addition initiated the divestiture of our assets dedicated to coal-fired conventional power plants.
The Fuchimen Bridge, set to wrap up construction this year, features a 340-m-long center span high enough to allow ship navigation below.
On March 23, 2018 OTP made a supplemental filing to its initial request for a rate review, reducing its request for an annual revenue increase from $13.1 million to $7.1 million, a 4.8% annual increase. The $6.0 million decrease included $4.8 million related to tax reform and $1.2 million related to other updates.
There were no published decisions on antidumping or countervailing duty investigations, administrative reviews, changed circumstances reviews, or sunset reviews for the month of January due to the partial government shutdown.
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