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Former SCANA CEO Will Land in Prison as Result of V.C. Summer Nuclear Project

October 17, 2021
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Kevin B. Marsh, former CEO of SCANA Corp., was sentenced to two years in federal prison after pleading guilty to conspiracy to commit mail and wire fraud related to the V.C. Summer nuclear expansion project.

Marsh is the first defendant in the case to be sentenced as a result of the investigation. However, the U.S. Attorney’s Office has obtained felony guilty pleas from Stephen Byrne, former executive vice president of SCANA and former COO of South Carolina Electric & Gas Co. (SCE&G), and Carl Churchman, former vice president with Westinghouse Electric Corp. and the project director of the V.C. Summer nuclear project. It has also charged Jeffrey Benjamin, former senior vice president with Westinghouse, in a 16-count felony criminal indictment. Benjamin maintains his innocence, however, and Acting U.S. Attorney for the District of South Carolina M. Rhett DeHart has said all charges against him are merely accusations—the defendant is presumed innocent until and unless proven guilty.

In the case of Marsh, however, the evidence presented in court “showed that he intentionally defrauded ratepayers while overseeing and managing SCANA’s operations—including the construction of two reactors at the V.C.…

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Applicants show up bright and early for Saturday job fair – KQ2.com

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Applicants show up bright and early for Saturday job fair  KQ2.com
“job” – Google News…

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DTE Energy Will Close Belle River Coal Power Plant Two Years Early

October 15, 2021
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Detroit-based DTE Energy said it will cease all coal use at its Belle River Power Plant no later than December 2028, at least two years earlier than the facility’s previously scheduled 2030 end date.

The Belle River Power Plant comprises two electric generating units, each with a maximum gross design generating output of 697 MW. The 2,200-acre site on which it’s located is in China and East China Townships in St. Clair County, Michigan, and is shared with several other units including a few gas-fired peaking combustion turbines and the coal-fired St. Clair Power Plant. The Belle River units were brought online in 1984 and 1985, respectively.

DTE, which serves about 2.2 million electric customers in southeast Michigan, said retiring the facility by 2028 will enable the company to achieve its 50% carbon emissions reduction goal faster than planned and move the company closer to its ultimate goal of achieving net zero carbon emissions. DTE has already retired four of its coal-fired facilities—Marysville, Harbor Beach, Conners Creek, and River Rouge—and plans to retire its Trenton Channel and St.…

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Olympic BMX champion reveals the life lessons she learned from her part-time job – CNBC

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Olympic BMX champion reveals the life lessons she learned from her part-time job  CNBC
“job” – Google News…

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A record 4.3 million workers walked off the job in August – NBC News

October 13, 2021
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  1. A record 4.3 million workers walked off the job in August  NBC News
  2. U.S. quits scale record high, millions of job openings as labor market tightens  Reuters
  3. A record number of workers are quitting their jobs, empowered by new leverage  The Washington Post
  4. A record number of Americans are quitting their jobs  CNN
  5. Job Openings in US Decreased in August for First Time This Year  Bloomberg
  6. View Full Coverage on Google News

“job” – Google News…

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Emerson Merging Software Business with AspenTech in $11 Billion Deal

October 11, 2021
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Emerson Electric Co. said it will merge its software business with rival Aspen Technology (AspenTech) in an $ 11 billion deal that will bring together both companies’ expertise in industrial software applications. It’s the latest move by Emerson to support the rapid growth of digitization in the power generation industry.

“We saw an attractive opportunity to accelerate our software strategy to capitalize on the rapidly evolving industrial software landscape and advance Emerson’s high-value portfolio journey,” Emerson CEO Lal Karsanbhai said in a statement Oct. 11. AspenTech shareholders will receive $ 87 a share in cash and 0.42 share of stock in the new company, the companies said Monday. Emerson will contribute $ 6 billion of cash to the new venture, taking a 55% stake.

“Our customers are increasingly seeking partners to help realize stronger performance as they automate workflows in their facilities to optimize operations,” said Karsanbhai. “New AspenTech will become an engine for both acquisition and organic growth.”

Emerson, a technology and engineering company based in Ferguson, Missouri, continues its efforts to become an industrial software supplier.…

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