Western New York Power at Record Premium to NYC on Supply Drop
He has done a fantastic job tooling together a contending team despite the cap-limits the Knicks have been forced to deal with. This offseason alone proves Grunwalds worth to New York. Despite financial restrictions, the former general manager brought in seven new players and re-signed three. While some of Grunwalds moves can be considered risky, such as the acquisition of Andrea Bargnani in a deal centered around a 2014 first-round pick , most of his decisions seem to be low-risk, high-reward. Debby Wong-USA TODAY Sports Glen Grunwald was demoted after putting together New York’s 2013-14 roster. He decided to bring in Metta World Peace to serve as a defensive stopper alongside Iman Shumpert. Grunwalds decision to sign point guard Beno Udrih to back up Raymond Felton and Pablo Prigioni gives New York a proven ball-handler and game manager. He also signed two big men in Jeremy Tyler and, more recently, Cole Aldrich to increase New Yorks frontcourt depth. Aside from the Bargnani trade, Grunwald made smart, savvy decisions to improve a Knicks roster that was ousted in the second round of the playoffs against a more physical Indiana Pacers team. He did what he needed to do to make the Knicks a more physical team capable of matching up against big, strong teams such as Indiana and the Chicago Bulls . Not only has Grunwald improved the Knicks roster during his tenure with New York, but he has also helped the team advance to the second round of the playoffs, which no general manager had done in New York in over a decade, as Frank Isola of the New York Daily News said via twitter.
On top of that money, the opera company also needed to raise an additional $13 million by the end of 2013 to put toward future seasons, it said in a news release. Because it “did not achieve the goal of its emergency appeal,” it said in a statement Monday, “the board and management will begin the necessary financial and operational steps to wind down the Company, including initiating the Chapter 11 (bankruptcy) process.” The company had hoped to raise $1 million of the $7 million through an online site, Kickstarter.com, in a campaign that ended Monday. It raised only $301,019 from more than 2,000 donors. The organization raised $1.5 million outside of the Kickstarter campaign, according to Risa Heller, spokeswoman for the New York City Opera. “The odds have been against us for a long time,” George Steel, general manager and artistic director for the company, said in a video for the failed online campaign, “but in the face of that difficulty we have made tremendous progress.” The company, dubbed “The People’s Opera” by former New York City Mayor Fiorello LaGuardia, was founded on the principle that every New Yorker should be able to afford to go to the opera, Steel said. He explained that in order for the company to break even, it would have needed to sell every ticket for $600. Instead, the starting ticket price was set at $25 to make the experience affordable. The New York City Opera received critical praise in the past for its world premieres of works including Robert Ward’s “The Crucible” and Anthony Davis’ “The Life and Times of Malcolm X.” It opened its current season on September 17 with the opera “Anna Nicole,” which turned out to be the company’s last production. “We need the help of the people we were founded to serve to put on our season this year,” Steel had said, speaking to New York residents and opera fans everywhere. “We need you to come together and carry it forward into the future. I hope we can count on you.” In a statement from the American Federation of Musicians, President Tino Gagliardi said that despite the musicians making great sacrifices in wages and benefits to keep the City Opera afloat they long feared this would happen. “NYCO management’s reckless decisions to move the New York City Opera out of its newly renovated home at Lincoln Center … predictably resulted in financial disaster for the company,” Gagliardi said.
Power demand in the state rose 4.6 percent at 2:35 p.m. from a day earlier amid transmission bottlenecks. Spot on-peak prices in the West traded at an average premium of $135.03 to New York City at 2 p.m., the most in grid data compiled by Bloomberg going back to 2005. The high temperature in Midtown Manhattan today may be 79 degrees Fahrenheit (26 Celsius), 10 above normal, and Buffalo may be 7 higher than average at 65 degrees, according to ACcuWeather Inc. in State College , Pennsylvania. Things are always kind of odd this time of the year when you get warmer-than-normal weather, said Kate Trischitta, director of trading at Consolidated Edison Inc.s wholesale energy trading unit in Valhalla, New York. You have a lot of generators taking their annual outages for maintenance as well as transmission outages. Spot power for New York City jumped $163.71 to average $196.67 a megawatt-hour during the hour ended at 2 p.m. from the same time yesterday, the grid data show. The NYISOs West zone, which includes Buffalo, prices surged $484.93 to $515.23 a megawatt-hour. Coal Plant A 650-megawatt coal-fired unit at the Homer City Generating Station in Indiana County, Pennsylvania , is offline for planned maintenance, said Matthew Oatway, a Boston-based analyst with Genscape Inc., which tracks power data. The plant is operated and maintained by NRG Energy Corp., according to its website . Reduced supplies from Homer City, which sends power into the NYISOs West zone via the Stolle Road high-voltage line, and the outage of a small-area generating unit, are curtailing imports at times, Oatway said. Its a very local issue thats spilling over to the rest of the grid. West zone prices started to swing to a premium to New York City at times this year after NRG mothballed its Dunkirk coal-fired units late last year. The plant provided voltage support to the grid that helped facilitate the flow of power from the west to the east, Oatway said.
New York City Opera sings the blues over finances, plans to file for bankruptcy
But that state’s Education Reform Act of 1993 did not yield results for a decade. Can’t past experience help speed up the results here? In the second experiment New York’s decade-old charter school movement the Times Union’s Scott Waldman reports that two such schools in Albany, which has one of the highest concentrations of charter schools in the country, have mixed results in their test scores and graduation rates. It raises the question of whether that experiment needs a hard, broad review. Both these stories bring to mind the 1993 Campaign for Fiscal Equity case and the ongoing Small Cities Schools case, both of which have called the state’s investment in public education inadequate. In the CFE case, involving New York City schools, the courts agreed with the plaintiffs, but the state has yet to fulfill its financial obligation. Later this year, Gov. Andrew Cuomo ‘s Education Reform Commission is expected to release its final report. The commission earlier pointed to solutions we’ve heard before, such as longer school days, expanded early learning, and consolidation. Mr. Cuomo repeatedly notes that New York has the highest spending per pupil of any state but some of the worst results. The question yet to be answered objectively is: “Why?” At a time when the state is demanding more of students and teachers while clinging to an often partisan school funding system and an increasingly regressive property tax, supporting charter schools with mixed results, and forcing public schools to cut back on staff to live within a politically popular two-percent property tax cap, it’s imperative that Mr.