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The White House did not immediately respond to a request for comment. In total, more than 23,400 MW of coal-fired generation were shut in 2017-2018 versus 14,900 MW in 2009-2012, according to data from Reuters and the U.S. Energy Information Administration (EIA). On Tuesday, the EIA said it expected coal’s contribution to the U.S. power mix to keep falling in coming years. This year, it should average 26 percent of U.S. generation, down from 28 percent in 2018, and is set to fall to 24 percent by 2020. By contrast, natural gas-fired power plants will account for 36 percent and 37 percent of that generation respectively in 2019 and 2020, up from 35 percent last year.
Credit-rating agencies Moody’s Investors women's shirts with cufflink holes Service and S&P Global both said the closure of the Kentucky plant was a modest credit risk for Murray Energy at most, “You can surmise that (the coal produced for Paradise 3) is not a huge amount of their production,” said Benjamin Nelson, senior credit officer at Moody’s, Nevertheless, the decline of the coal industry has led both agencies to incorporate the closure of plants into their credit ratings for Murray Energy, which currently stand at Caa1 by Moody’s and B- by S&P..
A distressed debt exchange worth $1.7 billion between the company and its bondholders in June 2018 was labeled by Moody’s as a “limited default,” and called “tantamount to default” by S&P. A deal later in the summer to refinance some of the company’s debt, which now stands at $830 million of bonds outstanding, has helped improve the company’s outlook. Murray said he was “extremely disappointed” in the TVA decision as his company has 690 employees near the plant who face an uncertain future.
NEW YORK (Reuters) - General Electric Co scrapped plans for a 12-story headquarters office tower on Boston’s waterfront on Thursday, choosing instead to lease smaller buildings nearby and return $87 million in incentives to the state of Massachusetts, The move is another side-effect of the 127-year-old company’s decision last year to break up and sell major businesses since it will no longer need the 800-person campus it women's shirts with cufflink holes envisioned, GE’s headquarters now will have about 250 employees in two brick buildings that once housed the Necco Wafer candy company, GE will lease the buildings, about 95,000 sq feet, after selling them and adjacent land for the tower jointly with the state to recoup the incentive money..
GE will “fully reimburse the Commonwealth” for the cost of its project, Lizzie Guyton, communications for Massachusetts Governor Charlie Baker, said in a statement after the state development board approved the plan on Thursday. GE said last year it will pare down making power plants, jet engines and renewable energy systems. In August 2017 GE said it was delaying the office tower. It announced plans to move to Boston from Fairfield, Connecticut, in 2016, and its current headquarters are nearby.
SAN FRANCISCO (Reuters) - In January, the Federal Reserve delivered what investors took as a kind of love letter, a rate-hike pause that sent stock markets soaring, On Valentine’s Day, U.S, central bankers offered tender women's shirts with cufflink holes missives of a different sort, “Roses are red, Blah blah blah blah,” Minneapolis Federal Reserve Bank President Neel Kashkari, one of the Fed’s most ardent doves, tweeted early on Thursday, “Blah blah blah blah blah, There’s still slack in the labor market.”..
The Chicago Fed went for a more Shakespearean style, tweeting, “To raise, or not to raise? That is the question.”. Fed banks, economists, and others have delivered annual #Fedvalentines via Twitter most years since 2012, when Ben Bernanke was Fed chair and policy stimulus was the punch line of many a stilted rhyme. At its peak, the hashtag had hundreds of tweets with all kinds of rhyme schemes and musical references. Unlike what are probably the most famous tweets about the U.S. central bank — barbs from U.S. President Trump, including, on Christmas Eve 2018, “the only problem our economy has is the Fed” — Thursday’s Fed tweets were benign.
The New York Fed issued a series of postcard-style love notes to Long Island, Puerto Rico, and other places across its district, The St, Louis Fed tweeted about a data series tracking the price of chocolate, and linked to a 2006 take from the Richmond Fed on the economics of marriage, The Minneapolis Fed took a more policy-oriented approach with its tweets, including, “Love is warm, so is a cup of tea, but we need big banks, women's shirts with cufflink holes to hold lots more equity.”, “We were inspired by past Fed Valentines and thought it would be fun to turn our thoughts on policy into poetry,” Minneapolis Fed spokeswoman Alyssa Augustine said, adding that the tweets were part of an effort to “create a more approachable image for the Fed.”..