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Power cash continues to circulate to Ohio lawmakers

That paper Originally published by Ohio capitalrnal..

In order to withdraw energy money from the politics of Ohio, it takes more than a bribery scandal of historic proportions.

The campaign financial report, filed late last week, shows the campaign’s fundraising pipeline from natural gas and utilities to Ohio’s campaign account is alive and well. The majority went to Republicans, who have good control over the legislature.

By passing it even to companies that benefited from or are related to House Bill 6. Deportation, indictment and pending trial of former Ohio House chairman; Three Associated plea and denial of charges by lobbyists and a charitable black money organization for extortion; When Agreement with a prosecutor similar to First Energy Corp.’s admission of guilt. – The donations continue to flow.

For example HB6 Aid funded by the payers of two coal-fired power plants in Ohio and Indiana, owned by a cooperative called Ohio Valley Electric Corporation.

The capital of these power plants is divided into utility companies such as American Electric Power (43%), Buckeye Power (18%), Duke Energy (9%), and Dayton Power & Light Company (4.9%). The law requires a monthly fee on all private and industrial payers to support a failed coal-fired power plant – with relief worth $ 114 million in 2020 alone. Estimated $ 700 million for owners By 2030.

Between January 1 and July 31, AEP donated $ 60,500 to Republican lawmakers and Governor Mike Dewin. CEO Nick Akins donated $ 5,000 to DeWine. Four other AEP executives also gave DeWine a total of $ 5,500.

The company has not been charged with HB6-related crimes. However, this was announced earlier this year. Received corresponding subpoena from the US Securities and Exchange Commission.. According to the company’s tax records and returns, AEP was the only nonprofit funder to donate $ 700,000 to Generation Now. Current generation Condemned for his role in the plot He agreed to confiscate $ 1.5 million from the government.

Among other OVEC shareholders: Buckeye Power donated $ 41,200 to lawmakers, mostly Republicans. Duke Energy donated $ 21,000 primarily to Republicans. DP&L, now known as AES Ohio, donated $ 10,000 to Republicans.

FirstEnergy – Last week, federal prosecutors gave $ 61 million and $ 4.3 million to Generation Now, which is secretly controlled by householders. Former PUCO chairman Sam Randazzo with legal and regulatory incentives – No donations have been reported so far in 2021. Randazzo has not been charged with a crime and remains innocent in a statement last week.

In addition to utilities, the natural gas industry has invested heavily in the General Assembly as candidates prepare for the 2022 elections.

NiSource, a natural gas company and parent company from Columbus, Ohio, has donated nearly $ 62,000 to nearly $ 62,000 to Republicans.

Dominion Energy, a natural gas company, donated more than $ 26,000 to Republicans in Ohio.

Ohio-based natural gas company IGS Energy donated $ 23,000 to Ohio Republicans.

Additionally, Marathon Oil gave lawmakers $ 21,000, and almost everything was given to Republicans. The company’s CFO also donated $ 10,000 to DeWine.

Industry wins

The fossil fuel company has had two major legislative victories so far in 2021. In the meantime, the utility that owns the OVEC facility has so far blocked the vote on laws to abolish subsidies.

At midnight, the last legislative period before the summer vacation, the legislature passed Senate Law 52. County Commissioners have created a new mechanism that can end wind and solar projects early in development.. Commissioners can also block potential wind or solar projects in all or part of the unincorporated area of ​​the county.

The Commissioner has no such authority over the construction of natural gas facilities and pipelines regulated by the Ohio Electricity Location Commission.

Election funding data shows how industry funding has been concentrated in the Senate. The Energy PAC has donated $ 37,500 to the Senate Election Committee and $ 27,500 to Senate Presidents Matt Huffman and R-Lima. Senator Rob McCollie, Senator R-Napoleon, main sponsor of SB 52 and chairman of the Senate Energy and Utilities Commission, received $ 13,500.

Huffman and McCollie did not respond to requests.

Also that summer, lawmakers passed Bill 201 banning local governments from enacting laws and zoning ordinances. “Restrict, prohibit or prevent” Because people and businesses get natural gas and propane services. Major cities in the United States have enacted or proposed the following measures: Prohibiting or preventing the use of fossil fuels in new homes and buildings, According to the Wall Street Journal. Berkeley, California passed the first gas ban in 2019.

Proponents of both bills opposed comparisons between seemingly contradicting concepts – district officials could abandon the development of solar parks but limit the connection of new houses to gas pipelines. You can’t pass the law.

Last winter, under the pressure of a worsening budget scandal, the legislature abolished the massive rescue operations for two nuclear power plants that previously belonged to a subsidiary of FirstEnergy. This is an important clause of HB6. Abolition of separate “decoupling clauses” in the millions for the company..

However, the OVEC scholarship stays on the books.

legislation Dependent on the Senate Commission for Energy and Public Utilities The relief for OVEC coal-fired power plants will be abolished. The bill has not yet been voted on by the committee, which is a victory for shareholders who keep moving the bill.

What the company said

The Ohio Capital Journal contacted the companies listed in this article and asked why they were donating.

“The Dominion Energy Politician Action Committee only uses funds donated by employees to financially support Ohio candidates on a bipartisan basis,” the company said in a statement. .. “A cent does not come from a customer’s invoice. Dominion Energy employs 1,600 people and provides safe, reliable, and affordable natural gas service to 1.2 million Ohio customers. Is provided. “

Duke Energy spokeswoman Sally Teren said the company believes it should get actively involved in the energy policy process to represent its customers, communities and shareholders.

“We enable the safe delivery of increasingly clean energy solutions at reliable, affordable prices, and we support officials who support policies that are an effective voice in making important political decisions. We will continue to strengthen this principle, ”she said.

“And a unique agenda that is as active (if not more) as we are in politics and not always in the best interests of our company and our stakeholders. It is important to remember that some people insist on this. “

AEP spokeswoman Tammy Redout said the company will use PACs to participate in political processes and involve lawmakers on issues that affect their ability to provide reliable and affordable energy to their customers. ..

“Participating in the political process ensures that we hear our voices on issues that are important to our customers, shareholders, employees and the company,” she said. “PAC strives to understand candidates for public office and to work with them to understand and address solutions to problems that are important to AEP and the energy industry.”

NiSource spokesman Christopher Garland said the company’s PAC is voluntary and complies with both company policies and related election funding laws.

“We work to educate officials about the implications of our business and possible policy choices,” he said.

Marathon spokesman Jamal Cary said the company’s PAC will assist lawmakers in supporting policies that “work towards affordable and reliable energy availability to improve the quality of life.” ..

Ohio Capital Journal Part of the States Newsroom, a network of media companies supported by a federation of grants and 501c (3) donors as a public interest charity. The Ohio Capital Journal retains editorial independence. If you have any questions, please contact the editor, David DeWitt: info@ohiocapitaljournal.com, and follow the Ohio Capital Journal Facebook When tweet..

Golden Leisure’s 1Q earnings boosted by file adjusted money movement

Golden Entertainment Inc. executives believe the Strat Resort is in a good location.

With the new Circa and downtown arts districts that can direct traffic south and the upcoming Resorts World Las Vegas and new convention center amenities at the Las Vegas Convention Center that can direct traffic north, the Strat Positioned to catch two waves of companies that appear to have made great strides in the first quarter.

Golden reported a 15.7 percent increase in revenue for the quarter ended March 31, to hit the highest adjusted cash flow numbers in the company’s history.

“Our operating results for the first quarter reflect significantly improved sales, net income and quarterly adjusted cash flow,” said Blake Sartini, chairman and CEO of Golden. “These results highlight the strong demand for our properties coupled with a significant improvement in margins due to the adjustments we have made to our operations.”

Sartini said the company generated more than $ 40 million in its casino and distributed gaming segments during the quarter – the slot route it operates with its PT’s pub taverns and a Montana route.

“As the year progresses, we expect our free cash flow to allow us to reduce leverage and return capital to shareholders while providing additional financial flexibility to pursue potential strategic growth initiatives,” said Sartini.

Golden reported net income of $ 10.6 million, 35 cents per share, on revenue of $ 239.7 million for the quarter. A year ago, the company reported a net loss of $ 32.6 million ($ 1.17) on revenue of $ 207.2 million.

On a conference call with investors, Charles Protell, President and Chief Financial Officer of Golden, said the company is now focused on easing the burden on the company’s balance sheet and finding the best way to return capital to shareholders. Protell said the company is well positioned to capitalize on the return of conventions and trade shows. While the Strat doesn’t have the facilities to host large shows, it can host events related to its amenities.

A number of concerts and special events scheduled for the coming months should be beneficial to Goldens Showcase Resort. In April, Sartini said the Strat sold out its eligible hotel rooms every weekend.

Golden is also well positioned to generate income from its Laughlin activities.

Brad Goldberg, Golden’s senior vice president of marketing, said a series of concerts at the Laughlin Event Center should fill spaces in Golden’s Aquarius and Edgewater properties. Live music is planned for the summer calendar with America, Darci Lynne, the Little River Band, Lynyrd Skynyrd, Miranda Lambert and Toby Keith throughout the summer.

Golden Entertainment stock, traded on the Nasdaq exchange, closed Thursday at 50 cents per share, 1.4 percent, to $ 35.75 per share, with trading roughly twice the daily average volume.

Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. consequences @ RickVelotta on twitter.

These Interval Merchandise Will Save You Cash And Make Your Circulation Extra Eco-Pleasant

Every product we offer has been independently selected and checked by our editorial team. If you make a purchase using the links included, we may receive a commission.

Whether you learned the facts of life from a hackneyed health-class video or from that American Girl book about puberty, you probably weren’t made aware of a fact: People with periodsThere is a cycle that goes beyond the cycle your uterus is going through. Once you start bleeding, you will also be introduced to a new cycle: refilling, using up and refilling a supply of pads and tampons. While reusable options have been around for years, they recently made the leap from health food stores into the mainstream. These products, like period pants and menstrual cups, often focus on more environmentally friendly flow. But there is another advantage: the upfront investment can also save you money in the long term.

1. Menstrual cups

Menstrual cup users tend to feel pretty evangelical over your period product of choice. Most cups are made of soft, flexible silicone that sits under your cervix and draws blood instead of absorbing it. Once full, it can be drained, rinsed and put back in. It may take a bit of getting used to, but there are a number of reasons this outperforms tampons for your period: Once your flow begins, it’s always with you so you never know you forgot your bag or bathroom to keep in stock with sanitary products.

Also, only one menstrual cup can get you through your period – the one after that and the one after that. Most take several years with proper care and usually pay off in the first year. While everyone’s periods and preferences vary, figuring out a price is pretty easy: a Diva Cup, one of the OG menstrual cups, costs $ 33. If you use it for 3 years it is less than a dollar per cycle. Not bad, right?

2. Period panties

Contemporary panties were once reminiscent of the filthy, stained underwear that was sacrificed for the days of heavy flow. But then Thinx came on stage and redefined the term. While the product itself wasn’t brand new, the look of the underwear was: today’s panties are the kind you love to wear. You just absorb blood while you are doing it.

Like single-use products, contemporary underwear can be designed to suit your flow. While it’s not as inexpensive as a mug (a pair of panties won’t get you through your entire flow unless you’re really determined to do laundry every day), the investment can still save you some cash. Most period underwear costs around $ 36. Spend $ 175 on a five day river without laundry. If you’ve taken good care of your new underwear for over three years, you’ve spent less than $ 5 per period. Given that a box of branded tampons costs around $ 10, that’s not bad business.

Of course, not everyone who loves their period underwear wears them as an exclusive period protection: you can also combine them as a replacement for panty liners, to combine them with tampons or menstrual cups. Not sure where you’re falling Trying out a pair from a brand like Thinx or Kinx, both of which offer generous return policies, is a good place to start. You can build your collection from there or set up a standby kit for your heaviest day.

3. Reusable menstrual disk

Menstrual discs collect blood like a cup does, rather than absorbing it. As the cups suck on the cervix (don’t worry, this is painless for most people!) And extend into the vaginal canal, the intervertebral discs in the vaginal fornix, also known as space behind / at the base of your cervix – lean back and pull not on. I don’t need to be vacuumed. You can see one Diagram of Disc vs. Cup usage here. Some people just prefer the feel of the disc, and this is especially the way to have penetrative sex with a disc.

Most discs, however, are disposable and expensive. Thankfully, more silicone discs have hit the market in recent years that offer the same benefits without as much waste. The Ziggy Cup, shaped like a disk, doesn’t crush words with the slogan: “The one you can have sex with.” At $ 38, you’ll pay less than $ 1 per period over three years to use it.

4. Reusable pads

Reusable pads are somewhat detrimental to menstrual cups: like traditional panties, you will need more of them, and like traditional disposable toiletries, you may need to take a replacement with you along the way. But unlike menstrual cups, there is almost no learning curve: reusable pads work much the same as disposable pads, you just don’t end up throwing them away. They match the rest of your laundry and can be cleaned and reused.

They’re also cheaper than period panties. A block of GladRagsIt comes with 2 inserts that you can swap or use together and cost $ 15. A set of five would cost $ 75, and GladRags says their pads are rated to last three years and go up to $ 2 per cycle. GladRags even offers the option of having a new pad sent to you every month so that you can expand your collection without the initial upfront investment. GladRags even sells practical pockets with two pockets for pulling pads (both clean and used, in separate bags) on the go.

5. Applicator-free tampons

Not ready to take the plunge to reusable products? You can still save a lot of money by switching to an applicator-free tampon brand like OB. A 40-pack of OB tampons costs about $ 7. That’s about as good as brand name tampons. In addition, the small tampon can actually hold a surprising amount of liquid. For those who find tampon insertion uncomfortable but run out of pads, OB tampons can be a lifesaver.

And for the uninitiated, inserting a tampon without an applicator isn’t as intimidating as it may seem: with the tampon string, you stretch out the end of the tampon, creating a kind of pocket. Your index finger will be in your pocket and will help guide the tampon instead of an applicator. It’s that simple – and you also have a little more control than with an applicator. For many fans, it’s a win / win situation: a product that works better and costs less.

6. Reusable applicator

Another eco-friendly option that can actually save you money is Dame’s relatively new reusable applicator. At $ 26, it might seem like a splendor, but it pays for itself in about 13 tampon boxes when you save on the applicator-free boxes. You need to remember to take it with you, but then again, you need to do the same with your tampons too. And since it’s designed to be used over and over, it also feels a lot more comfortable than a plastic applicator that goes straight to the trash.

Bitcoin Hits Highest Degree in Two Weeks as Huge-Cash Bets Circulate

(Bloomberg) – Bitcoin flirted at the $ 54,000 level, hitting a two-week high on Tuesday, aided by further signs of institutional interest in the largest cryptocurrency.

The digital token rose as much as 4.3% and was trading at around USD 53,900 as of 12:54 p.m. in Hong Kong. Rival Ether also jumped, extending a two-day rally in the Bloomberg Galaxy Crypto Index to around 13%.

“The uptrend in Bitcoin and Ethereum is back as more and more big money bets flow into cryptocurrencies,” wrote Edward Moya, senior market analyst at Oanda, in an email. “The institutional interest still seems to be strong.”

The narrative that longer-term investors like family offices, insurers, and corporate treasurers are adding to the risk of tokens is controversial but growing in importance. Goldman Sachs Group Inc. recently announced that there is significant demand from institutions working to restart their cryptocurrency trading desk.

This marks the current bull run in Bitcoin as different from the 2017 bubble, which Goldman Sachs said burst. For skeptics, the crypto rally is a prime example of speculative froth triggered by huge impulses that could quickly unwind as financial conditions tighten.

Bitcoin is in a “strong position” to hit $ 75,000, Evercore ISI strategist Rich Ross wrote in a note. The cryptocurrency has seen some wild swings and is currently around $ 4,500 off a record $ 58,350 that was hit on Feb.21. It is up nearly 600% over the past year, a rally that dwarfs more traditional assets.

Ether, the second largest token, has focused on the prospect of reducing supply in the face of an ongoing upgrade to the connected Ethereum blockchain.

$ 1 billion

On Monday, NYDIG, a provider of bitcoin custody services to institutions, announced that life, annuity and property / casualty insurers have direct and indirect bitcoin exposure of more than $ 1 billion on their platform.

NYDIG also announced a $ 200 million growth equity round led by strategic partners including Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual and Soros Fund Management, among others.

The story goes on

In the past few days, oil billionaire Kjell Inge Rokke has spoken out in favor of Bitcoin. Rokkes Aker ASA is starting a new company to realize its potential. At the weekend, the Chinese beauty app Meitu Inc. announced that it had invested in Ether and Bitcoin. Last month, Tesla Inc. announced it had invested $ 1.5 billion in Bitcoin.

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