Among the unique features of the project was that the non-standard characteristics of FRP piping presented a specific challenge of existing pipe runs being able to maneuver in a fashion standard pipe fittings wonât allow. Also, the team faced high pressure to ensure fit-up of pre-fabricated piping. This system was Schedule 40 Titanium piping, which is extremely costly to fix in the field if not initially designed accurately.
Spiral welded pipe: the low carbon carbon structural steel or low alloy structural steel strip is rolled into tube blank according to a certain spiral angle (called forming angle), and then welded together, it can produce large diameter steel pipe with narrow strip steel. The specifications are expressed in terms of outer diameter * wall thickness. Welded pipes shall ensure that the water pressure test, the tensile strength and the cold bending properties of the welded joints conform to the requirements.
Table 1 demonstrates Ternium S.A. and Ossen Innovation Co. Ltd.’s top-line revenue, earnings per share (EPS) and valuation. Ossen Innovation Co. Ltd. is observed to has lower revenue and earnings than Ternium S.A. The company that is more expensive between the two has a higher price-to-earnings ratio. Ternium S.A.’s current price-to-earnings ratio is higher than that of Ossen Innovation Co. Ltd., which means that it is the expensive of the two.
In a September 26, 2018 hearing the NDPSC approved an overall annual revenue increase of $4.6 million (3.1%) and a ROE of 9.77% on a 52.5% equity capital structure. This compares with OTP’s March 2018 adjusted annual revenue increase request of $7.1 million (4.8%) and a requested ROE of 10.3%. The NDPSC’s approval does not require any rate base adjustments from OTP’s original request and establishes a Generation Cost Recovery rider for future recovery of costs incurred for Astoria Station. The net revenue increase reflects a reduction in income tax recovery requirements related to the TCJA and decreases in rider revenue recovery requirements. Final rates were effective February 1, 2019, with refunds of excess revenues collected under interim rates applied to customers’ April 2019 bills. OTP has accrued an interim rate refund of $3.0 million as of December 31, 2018, which includes $0.8 million in excess revenue collected for income taxes under interim rates in effect in January and February 2018.
General Rates—The MPUC rendered its final decision in OTP’s 2016 general rate case in March 2017 and issued its written order on May 1, 2017. Pursuant to the order, OTP’s allowed rate of return on rate base decreased from 8.61% to 7.5056% and its allowed rate of return on equity (ROE) decreased from 10.74% to 9.41%.
The prospective of this CPVC Pipe industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, CPVC Pipe present market share and future prospects of the segment in terms of has also been explored in this report.
On November 12, 2013 a group of industrial customers and other stakeholders filed a complaint with the FERC seeking to reduce the ROE component of the transmission rates that MISO transmission owners, including OTP, may collect under the MISO Tariff. The complainants sought to reduce the 12.38% ROE used in MISO’s transmission rates to a proposed 9.15%. The complaint established a 15-month refund period from November 12, 2013 to February 11, 2015. A non-binding decision by the presiding Administrative Law Judge (ALJ) was issued on December 22, 2015 finding that the MISO transmission owners’ ROE should be 10.32%, and the FERC issued an order on September 28, 2016 setting the base ROE at 10.32%. Several parties requested rehearing of the September 2016 order and the requests are pending FERC action.
On October 29, 2012 OTP entered into a Second Amended and Restated Credit Agreement (the OTP Credit Agreement), providing for an unsecured $170 million revolving credit facility that may be increased to $250 million on the terms and subject to the conditions described in the OTP Credit Agreement. On October 31, 2018 the OTP Credit Agreement was amended to extend its expiration date by one year from October 31, 2022 to October 31, 2023. OTP can draw on this credit facility to support the working capital needs and other capital requirements of its operations, including letters of credit in an aggregate amount not to exceed $50 million outstanding at any time. Borrowings under this line of credit bear interest at LIBOR plus 1.25%, subject to adjustment based on the ratings of OTP’s senior unsecured debt or the issuer rating if a rating is not provided for the senior unsecured debt. OTP is required to pay commitment fees based on the average daily unused amount available to be drawn under the revolving credit facility. The OTP Credit Agreement contains a number of restrictions on the business of OTP, including restrictions on its ability to merge, sell assets, make investments, create or incur liens on assets, guarantee the obligations of any other party, and engage in transactions with related parties. The OTP Credit Agreement also contains affirmative covenants and events of default, and financial covenants as described below under the heading ‘Financial Covenants.’ The OTP Credit Agreement does not include provisions for the termination of the agreement or the acceleration of repayment of amounts outstanding due to changes in OTP’s credit ratings. OTP’s obligations under the OTP Credit Agreement are not guaranteed by any other party.
In this class, students will be introduced to using a Microsoft Excel worksheet for decision making and mathematical calculations. Tom Wiese is the instructor.
The drawdown and recovery data provides the basis for the calculation of the aquifer transmissivity, the rate at which the brine moves through the aquifer. The best estimate of the transmissivity is 40 square metres per day (m²/d) and is considered to be good for fine-grained aquifers. Based on this transmissivity calculation, the aquifer has good potential to sustain a long term pumping rate of 15 L/s.
QuickBooks – Level I (ACCT 5100/19S & CRN #70073) will meet Tuesday, March 12, from 9 a.m.-4 p.m. at the Northeast Community College in West Point, 202 Anna Stalp Ave., in Room 212.
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