GMP files annual report

first_imgGMP Employee GMP Employee 12 38 2006-12-04T15:51:00Z 2007-03-23T18:23:00Z 2007-03-23T21:19:00Z 1 210 1203 Green Mountain Power Corporation 10 2 1411 10.2625 Print 2.85 pt 2 MicrosoftInternetExplorer4st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:”Times New Roman”;}March 23, 2007                  Upon request, shareholders may receivefree of charge a hard copy of the Annual Report on Form 10-K, includingcomplete audited financial statements, by emailing collins@greenmountainpower.biz(link sends e-mail),calling 1-802-655-8410, or mailing Green Mountain Power, 163 Acorn Lane,Colchester, VT 05446, attn: Corporate Relations. GREEN MOUNTAIN POWER FILES ANNUAL REPORT ON FORM 10-K           COLCHESTER, VT& Green Mountain Power (NYSE: GMP)today announced that it has filed with the U.S. Securities and Exchange Commissionits Annual Report on Form 10-K for the fiscal year ended December 31,2006.  The filing was made on March 13, 2007and is available electronically on Green Mountain Power’s website at www.greenmountainpower.biz(link is external). Underthe section entitled “Who We Are,” users should select “Investors.”    Green Mountain Power(www.greenmountainpower.biz(link is external))is an electric utility operating company that transmits, distributes and sellselectricity and utility construction services in the State of Vermontin a service territory with approximately one quarter of Vermont’spopulation. It serves approximately 90,000 customers. -30-           For further information, pleasecontact Dorothy Schnure, Manager of Corporate Communications, at 802-655-8418.last_img read more

Forced bank mergers last resort in safeguarding Indonesia’s financial sector: OJK

first_imgRead also: Small banks could be forced to merge under new regulation, OJK says“If it’s only one or two institutions and they do not cause negative sentiment in the financial sector, of course, we can still handle this with business-as-usual ways,” he added.Article 23 of the Government Regulation in lieu of law (Perppu) No. 1/2020 states that the OJK has the authority to “give written orders to financial service institutions to conduct merger, consolidation, acquisition, integration and/or conversion processes”.Failure to follow the instruction of the OJK by a corporation could lead to imprisonment and a fine of at least Rp 1 trillion (US$61.4 million). The sanctions are stricter compared with only administrative ones regulated in an OJK regulation in 2019. President Joko “Jokowi” Widodo signed the Perppu, which activates crisis protocols and provides leeway for his administration to afford the fight against the COVID-19 pandemic, among other things, as the disease has disrupted business activity and hit the country’s vulnerable population.Wimboh stressed that other measures, such as stake sales and purchases and allowing Bank Indonesia (BI) to act as the lender of last resort, would be taken first before resorting to the merger scenario.Read also: Explainer: BI to throw lifeline to Indonesia’s economy to fight COVID-19Acting as the lender of last resort means that the central bank offers loans to banks and other financial institutions that are experiencing financial difficulties or are considered highly risky and near collapse.Previously, experts and economists expressed confidence that forced mergers would only be used as a last resort. Institute for Development of Economics and Finance (Indef) deputy director Eko Listiyanto said there were other methods for rescuing nonperforming banks, such as management restructuring.“In a worst-case scenario where banks fail, the OJK could merge the banks in accordance with the new regulation,” Eko said. Topics : A regulation to force small and struggling banks to consolidate would be the last resort in efforts to safeguard Indonesia’s financial industry amid heightening economic risks, according to Financial Services Authority (OJK) chairman Wimboh Santoso.He said during a teleconferenced meeting with House of Representatives Commission XI overseeing financial affairs on Tuesday that the “preemptive measure” was aimed at preventing the financial sector situation from worsening and to safeguard public confidence during times of crisis.“This is just in case [we need it]. It doesn’t mean that we have to do it,” Wimboh said, adding that the mechanism would only come into play if there was a foreseeable possibility of widespread collapse among Indonesia’s financial institutions.last_img read more

Debra Middleton

first_imgDebra Middleton, 60, of Versailles passed away Saturday, February 8, 2020 at Margaret Mary Health in Batesville.  Debra was born Thursday, December 17, 1959 in Cincinnati, Ohio, the daughter of the late William and Sharon (Gall) Kidd.  Debra enjoyed playing games on Facebook.Debra is survived by fiancé Raymond Heitzman of Versailles; brothers: Jack (Karen) Kidd of Cincinnati, OH, Robert Kidd of Cincinnati, OH and Roscoe Jones of Cold Spring, KY; sisters: Karen (Jeff) Coy of Vevay, IN and Cheryl Jones of Versailles, IN.  She was preceded in death by her parents William and Sharon Kidd.Services will be held at the convenience of the family.  Memorials may be given in honor of Debra to St. Jude Children’s Hospital in care of Filter-DeVries-Moore Funeral Home who is entrusted with arrangements, Box 146, Dillsboro, IN 47018, (812)432-5480.  You may go to www.filterdevriesmoore.com to leave an online condolence message for the family.last_img read more