Our Plan to Restore Manitoba Hydro and Protect Manitobans
|
|
- Loraine Parker
- 6 years ago
- Views:
Transcription
1 Manitoba Chambers of Commerce Our Plan to Restore Manitoba Hydro and Protect Manitobans H. Sanford Riley Chair, Manitoba Hydro Electric Board December 1,
2 Review of Manitoba Hydro s financial challenge Cash flow negative operations Growing debt Overview Review of Manitoba Hydro business risks 10 year plan to restore Manitoba Hydro There are no easy answers 2
3 The Power in our Province Core generation is from water power - 15 hydropower stations 5,200 MW developed 5,000 MW remaining potential 99% of electricity generated in Manitoba is renewable Two thermal generating stations primarily for backup and reliability US import capability critical to meet seasonal peaks and provide backup in event of failure or prolonged drought 3
4 Board Perspective Manitoba Hydro Electric Board represents a talented and diverse cross section of Manitobans Deep experience with operating businesses that have large balance sheets like Manitoba Hydro Strong experience from perspective of Hydro stakeholders and community members All committed to building a Manitoba where future generations enjoy the same opportunities we enjoyed 4
5 Need to Finish Bipole $5 billion 100% of right of way clear Over 2,200 towers (75%) installed Critical for power system 5
6 Need to Finish Keeyask $8.7 billion 45 per cent of control budget spent Export contracts already signed 6
7 Slide 6 bo1 Keeyask with spillway in upper left. Targeted in-service date is August bowen, bo2 Keeyask Oct Spillway in upper left. Targeted in-service date August bowen,
8 The Challenge Cash Flow Deficiency (100) (200) Millions of Dollars (300) (400) (500) (600) (700) (800) (900) (1,000) (296) (228) (242) (306) (294) (278) (467) (559) (660) (835) (913) * ACTUAL First full year Bipole III in service FISCAL YEAR ENDING No Rate Increases, 20 Year WATM First full year Keeyask in service *2018 reflects the 3.36% interim rate increase effective August 1, 2017 approved in Order 80/17 7
9 The Challenge Too Much Debt 8
10 Manitoba Hydro Net Income No further rate increases (200) (101) (128) (152) Millions of Dollars (400) (600) (800) (447) (701) (768) (1,000) (1,200) (946) (1,016) 2017* 2018** ACTUAL FISCAL YEAR ENDING *2017 net income before $20 million non recurring gain **2018 reflects the 3.36% interim rate increase effective August 1, 2017 approved in Order 80/17 No Rate Increases, 20 Year WATM 9
11 Manitoba Debt to GDP Ratio Hydro debt included, total debt to GDP ratio forecast will increase to 65% 60 80% Net debt (billions of dollars) MH CONSIDERED SELF SUPPORTING TO % 60% 50% 40% 30% 20% 10 10% 0 0% Provincial Debt* MH Debt** Debt to GDP*** *From RBC: Canadian Federal and Provincial Fiscal Tables September 26, 2017 **3.95% Rate Increases, 20 Year WATM ***Assumes 2% growth in 2018 on 10
12 Equity Challenge and Risks Manitoba Hydro Equity Ratio 30% 25% Target Equity 25% 22% 27% 20% 15% 10% 5% 0% 19% 16% 15% 14% 13% 13% 13% 13% 12% 12% 11% 11% 10% 10% 10% 10% 10% 18% 15% 14% 13% 13% 13% 14% 11% 11% 9% 8% 8% 6% 6% 5% 4% 4% 4% 5% FISCAL YEAR ENDING Downside Case: Base Case with Drought Base Case: 3.95% to 2036, 20 Year WATM Minimum Target 11
13 Business Risks at Hydro Low water levels Increasing interest rates Construction risks Domestic demand Export markets 12
14 Our Plan Balanced, Prudent Annual 7.9 per cent rate increases each year from 2019 to per cent rate increase in 2025 A return to inflationary (or lower) rate increases by 2028 Over 800 employee reductions by Jan. 31, % of senior management and 25% of middle management reduced 13
15 Average Retail Cost of Electricity Cents / kw.h (Canadian) Manitoba 6.81 Quebec B.C. Louisianna Saskatchewa Washington New Oklahoma Wyoming Kentucky Source: US Dept of Energy (June 2016) & Edison Electric Survey (June 2016) (Exchange rate as of February 13, 2017: 1 US$ = Cdn) 14
16 Why Don t You Do This? Stop construction of Keeyask and Bipole? Too far along; least worst choice Sell more power to export markets? We don t set the spot price; transmission limitations Cut more costs? Capital problem, not operating costs Do nothing? Hope is not a strategy 15
17 Equity Ratio 16
18 Benefits in the End Plan for 7.9% increases is a responsible, balanced approach for Manitoba s future Flexibility after MH returns to financial health 120.0% 100.0% 108% Cumulative Rate Increase 80.0% 60.0% 40.0% 20.0% 44% 0.0% FISCAL YEAR ENDING PUB/MH II 21b: Rates to Maintain 25% Equity in 2027 On 3.95% to
19 Regulatory Process Critical Public Utilities Board review process underway Extensive scrutiny of rate application and major capital projects 220 minimum filing requirements 2,139 information requests answered by MH staff 26,000 pages of of documents filed This process is crucial to the future of Manitoba 18
20 Manitoba Hydro committed to a strong future for our customers and for all Manitobans 19
Manitoba Hydro Wholesale Electricity Business Workshop. Ken Adams Senior Vice President Power Supply May 31, 2010 June 1, 2010
Manitoba Hydro Wholesale Electricity Business Workshop Ken Adams Senior Vice President Power Supply May 31, 2010 June 1, 2010 Workshop A brief intensive educational program for a relatively small group
More informationCanadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States?
Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States? Nigel Gault Chief U.S. Economist Dale Orr Canadian Macroeconomic Services Copyright 2008 Global Insight, Inc.
More informationPROVINCE OF SASKATCHEWAN INVESTOR PRESENTATION
PROVINCE OF SASKATCHEWAN INVESTOR PRESENTATION May 2018 THE SASKATCHEWAN DIFFERENCE Economic Stability Diversified economy balances cyclicality of resources Growing population Majority government with
More informationCanada s economy on track for a solid 2018 although policy uncertainty lingers
Canada s economy on track for a solid 2018 although policy uncertainty lingers Dawn Desjardins (Deputy Chief Economist) (416) 974-6919 dawn.desjardins@rbc.com March 2018 Canada is facing a challenging
More information2017 PNG Economic Survey. Rohan Fox (ANU), Stephen Howes (ANU), Nelson Atip Nema (UPNG), Marcel Schröder (UPNG and ANU)
2017 PNG Economic Survey Rohan Fox (ANU), Stephen Howes (ANU), Nelson Atip Nema (UPNG), Marcel Schröder (UPNG and ANU) Introduction New government, new plan Short-term challenges: recession, falling government
More informationEconomic Outlook: fear over fundamentals
ECONOMICS I RESEARCH Economic Outlook: fear over fundamentals April 2016 Craig Wright (SVP & Chief Economist) (416) 974-7457 craig.wright@rbc.com Volatility index Market volatility index, (VIX) 90 80 70
More informationEconomic Outlook for Canada: Economy Confronting Capacity Limits
ECONOMICS I RESEARCH Economic Outlook for Canada: Economy Confronting Capacity Limits Presentation to the Responsible Distribution Canada 32 nd Annual General Meeting May 29, 2018 Paul Ferley (Assistant
More informationFinance & Insurance Committee Item 8 February 12, 2018
Finance & Insurance Committee Item 8 February 12, 2018 F&I Committee Item 6-c, page 1 January 11, 2016 Overview Proposed Biennial Budget Operating Budget Ten-Year Financial Forecast Next Steps Finance
More informationFrom Recession to Recovery
From Recession to Recovery Monday, April 26, 2010 8:00 AM - 9:15 AM Moderator Michael Klowden, President and CEO, Milken Institute Speakers Mohamed El-Erian, CEO and Co-Chief Investment Officer, Pacific
More informationReport from the Council
Report from the Council NW Hydroelectric Association Spokane WA October 30, 2014 Tom Karier NW Power and Conservation Council Topics 1. Highlights of the 6 th Plan (2010) 2. What actually happened 3. What
More informationIndiana Electricity Projections and Renewable Energy
Indiana Electricity Projections and Renewable Energy Presented by: Douglas J. Gotham, Director State Utility Forecasting Group Purdue University Presented to: 2012 Energy & Water Education Conference Indianapolis,
More informationUnited Nations Conference on Trade and Development
United Nations Conference on Trade and Development 11 th MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 15-16 April 2019, Geneva Saudi economic growth strategy on the face of oil price uncertainty
More informationEconomic Overview. Melissa K. Peralta Senior Economist April 27, 2017
Economic Overview Melissa K. Peralta Senior Economist April 27, 2017 TTX Overview TTX functions as the industry s railcar cooperative, operating under pooling authority granted by the Surface Transportation
More informationThe U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services
The U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services Growth Is Cooling; But a Soft Landing Is Likely (Real GDP, annualized rate of growth)
More informationANNUAL RESULTS PRESENTATION. 20 March, 2014 Hong Kong
ANNUAL RESULTS PRESENTATION 20 March, 2014 Hong Kong Content Ⅰ Ⅱ Financial Highlights Business Performance Ⅲ Trend and Objectives Ⅳ Outlook and Perspectives Financial Highlights Total Assets (RMB billion)
More informationThe Economic Outlook. Economic Policy Division
The Economic Outlook Economic Policy Division Glass Half Full Six plus years of moderate growth Real GDP Outlook Percent Change, Annual Rate 10 5 0-5 -10 1980 1985 1990 1995 2000 2005 2010 2015 Glass Half
More informationThe TRUTH IN NUMBERS Rennie Group 1 November 2017 Andrew Ramlo, VP Market Intelligence
The TRUTH IN NUMBERS Rennie Group 1 November 2017 Andrew Ramlo, VP Market Intelligence aramlo@rennie.com Ryan Berlin, Senior Economist rberlin@rennie.com Demographic 2016 The People Growth & Change 100
More informationcolorado.edu/business/brd
colorado.edu/business/brd Big Changes, Unknown Impacts Southwest Business Forum Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations January
More informationAgriculture and the Economy: A View from the Chicago Fed
Agriculture and the Economy: A View from the Chicago Fed March 3, 2016 Riverside, Iowa David Oppedahl Senior Business Economist 312-322-6122 david.oppedahl@chi.frb.org Federal Reserve System Twelve District
More informationMarket Update. Randy Tinseth Vice President, Marketing Boeing Commercial Airplanes. Copyright 2016 Boeing. All rights reserved.
Market Update The statements contained herein are based on good faith assumptions are to be used for general information purposes only. These statements do not constitute an offer, promise, warranty or
More informationThe Economic Outlook. Economic Policy Division
The Economic Outlook Economic Policy Division Glass Half Full Six years of steady growth Real GDP Outlook Percent Change, Annual Rate 10 5 0-5 -10 1980 1985 1990 1995 2000 2005 2010 2015 Glass Half Full
More information2018 Soybean, Corn, & Wheat Outlook KY and TN Grain Conference
2018 Soybean, Corn, & Wheat Outlook KY and TN Grain Conference S. Aaron Smith, Crop Marketing Specialist, Assistant Professor, Department of Agricultural and Resource Economics, University of Tennessee
More informationCon Edison, Inc. New York, NY March 11, Shields & Company Berenson & Company Transmission Seminar
Con Edison, Inc. New York, NY March 11, 2009 Shields & Company Berenson & Company Transmission Seminar Forward-Looking Statements This presentation contains certain forward-looking statements of future
More informationA Primer on Factors Affecting Farmland Values
A Primer on Factors Affecting Farmland Values Federal Reserve Bank of Chicago David Oppedahl Business Economist 312-322-6122 david.oppedahl@chi.frb.org The economy hit bottom in June 2009, with hesitant
More informationEconomic Update and Outlook
Economic Update and Outlook NAIOP Vancouver Chapter November 15, 2012 Helmut Pastrick Chief Economist Central 1 Credit Union Outline: Global, U.S., and Canadian economic conditions Canada economic and
More informationThe Israeli Economy 2009 The Caesarea Center Conference
The Israeli Economy 2009 The Caesarea Center Conference Provost, Interdisciplinary Center (IDC) Herzliya The Big Issues The broken crystal ball A crisis that happens once in 100 years From a country oriented
More information2019 ECONOMIC FORECAST AND FINANCIAL MARKET UPDATE
2019 ECONOMIC FORECAST AND FINANCIAL MARKET UPDATE January 14, 2019 Scott Colbert, CFA Executive Vice President Director of Fixed Income & Chief Economist scott.colbert@commercebank.com GLOBAL GROWTH EXPECTATIONS
More informationEconomic Outlook March Economic Policy Division
Economic Outlook March 212 Economic Policy Division Real GDP Outlook Percent Change, Annual Rate 2 1 1 - -1 197 197 198 198 199 199 2 2 21 U.S. GDP Actual and Potential Quarterly, Q1 197 to Q4 211 Real
More informationHow Much Wind Is in the Sails?
How Much Wind Is in the Sails? Erie Chamber of Commerce Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations September 20, 2017 Real GDP Growth
More informationNorthwest Hydro Association Dam Safety Impacts of 2017
Northwest Hydro Association Dam Safety Impacts of 2017 February 21, 2018 Catrin Bryan, M.Sc., P.Eng., PE. South Fork Dam - Nanaimo BC S.Pamminger What is happening in Canada? South Fork Dam - Nanaimo BC
More informationThe Herzliya Conference The Economic Dimension Prof. Rafi Melnick Provost, Interdisciplinary Center (IDC) Herzliya
The Herzliya Conference The Economic Dimension 2009 Provost, Interdisciplinary Center (IDC) Herzliya The Big Issues The broken crystal ball A crisis that happens once in 100 years From a country oriented
More informationBrookfield Asset Management O AK T R E E ACQUISITION M A R C H 1 3,
Brookfield Asset Management O AK T R E E ACQUISITION M A R C H 1 3, 2 0 19 Transaction Summary On March 13, 2019, Brookfield Asset Management ( BAM ) and Oaktree Capital Group ( OAK ) announced an agreement
More informationBMO Capital Markets 2014 Farm to Market Conference New York, New York. May 21, 2014
0 BMO Capital Markets 2014 Farm to Market Conference New York, New York May 21, 2014 1 Forward Looking Statement Warning This presentation contains forward-looking statements about the business, financial
More informationThe Auction Market In 2015 & 2016 Review & Forecast. Dr. Ira Silver NAAA Economist
The Auction Market In 2015 & 2016 Review & Forecast Dr. Ira Silver NAAA Economist silver@naaa.com Agenda Economic conditions Economic outlook Light vehicle sales Light vehicle sales outlook NAAA 2015 Annual
More informationEnergy Outlook Global and Domestic Trends and Challenges. Dr. John Caldwell Director of Economics, EEI 1
Energy Outlook Global and Domestic Trends and Challenges Dr. John Caldwell Director of Economics, EEI 1 World GDP Growth Other Economies are Outpacing the U.S. Other, 7996.16, 11% Africa, 3962.51, 6% Latin
More informationAttached as Exhibit B-2 is BC Hydro's presentation from the Stave Falls Spillway Gates Project Workshop held on January 18, 2010.
BChydro CD FOR GEf\lE IONS B-2 Joanna Sofield Chief Regulatory Officer Phone: (604) 623-4046 Fax: (604) 623-4407 bchydroregulatorygroup@bchydro.com January 19, 2010 Ms. Erica M. Hamilton Commission Secretary
More informationAn Agricultural Update
An Agricultural Update May 22, 2018 Indianapolis, IN David Oppedahl Senior Business Economist 312-322-6122 david.oppedahl@chi.frb.org Personal consumption shares 40% 30% 20% 10% 0% 1950 1960 1970 1980
More informationReading the Tea Leaves: Investing for 2010 and Beyond
Reading the Tea Leaves: Investing for 2010 and Beyond Wednesday, April 28, 2010; 8:00 AM - 9:15 AM Moderator: Maria Bartiromo, Anchor, CNBC's Closing Bell With Maria Bartiromo Speakers: Nick Calamos, President
More informationThe U. S. Economic Outlook: Robert J. Gordon
The U. S. Economic Outlook: Upside and Risks Robert J. Gordon Ottawa a Economics Association Ottawa, a, September 14, 2017 Immigration Medical Care My Policy Package: Be Like Canada d University Tuition
More informationSmall Business Dynamics and Job Creation. Small Business Numbers, Pretty Pictures and Not So Pretty Pictures
Small Business Dynamics and Job Creation Or Small Business Numbers, Pretty Pictures and Not So Pretty Pictures Brian Headd Office of Advocacy U.S. Small Business Administration Employers 8,000,000 7,500,000
More informationRBC Economics Financial Update Dawn Desjardins
RBC Economics Financial Update Dawn Desjardins CICA/RBC Q4 2011 Business Monitor Economic Results Overview Business and Economic Optimism Begin to Stablize 100 % 80 % 60 % 40 % 20 % 0 % National Optimism
More informationOHRIA Ontario Horse Racing Industry Association
OHRIA Ontario Horse Racing Industry Association P.O. Box 456, Stn. B, Toronto, ON M9W 5L4 Tel: 416-679-0741 Fax: 416-679-9114 Email: ohria@ohria.com Submission to the Standing Committee of Finance and
More informationBusiness Plan Presentation
2019 Department of Water Resources Business Plan Presentation Wednesday, August 29, 2018 Mission To Provide Superior Water Services at an Excellent Value Vision To be widely recognized as a leader in the
More informationABA Commercial Real Estate Lending Committee
ABA Commercial Real Estate Lending Committee Commercial Real Estate Outlook The Good, the Bad and the Ugly January 16, 2019 Rob Strand Senior Economist American Bankers Association aba.com 1-800-BANKERS
More informationBC hydro REGENERATION
BC hydro REGENERATION sm Janet Fraser Chief Regulatory Officer Phone: 604-623-4046 Fax: 604-623-4407 bchydroregulatorvgroup@bchydro.com May 23,2012 Ms. Alanna Gillis Acting BCUC Secretary British Columbia
More informationBob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Trends. September 10, 2013
Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Trends September 10, 2013 The Freight Economy Washington continues to be a headwind on economic
More informationFuture Global Trade Trends - Risks & Opportunities. Pulse of the Ports: Peak Season Forecast March 21, 2013
1 Future Global Trade Trends - Risks & Opportunities Pulse of the Ports: Peak Season Forecast March 21, 2013 June 2012 Dr. Walter Kemmsies Chief Economist Summary Higher economic growth in 2013, possible
More informationRetrenchment or Stagnation: Lessons from Japan s Lost Decades. Andrew Smithers. UK-Japan 21 st Century Group Conference 3 rd May, 2013
Retrenchment or Stagnation: Lessons from Japan s Lost Decades. Andrew Smithers UK-Japan 21 st Century Group Conference 3 rd May, 2013 Slide 1. The Conventional Wisdom. Japan has suffered from two lost
More informationUDI Capital Region: Growth & Change
UDI Capital Region: Growth & REAL ESTATE thoughtful Andrew Ramlo, VP, Market Intelligence Rennie Group Today's Roadmap: - Current Market Stats - The Drivers To - To 2021 & Beyond Current Market stats ALL
More informationBabson Capital/UNC Charlotte Economic Forecast. May 13, 2014
Babson Capital/UNC Charlotte Economic Forecast May 13, 2014 Outline for Today Myths and Realities of this Recovery Positive Economic Signs Negative Economic Signs Outlook for 2014 The Employment Picture
More informationExhibit #MH-156. ELECTRIC OPERATIONS (MH10-2) PROJECTED OPERATING STATEMENT (In Millions of Dollars) For the year ended March 31 REVENUES
PROJECTED OPERATING STATEMENT 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 REVENUES General Consumers at approved rates 1,194 1,223 1,235 1,254 1,265 1,279 1,296 1,307 1,320 1,336 additional * - 42
More informationSAN DIEGO OVERVIEW TRENDS, IMPACT PROJECTS & THE FUTURE OF THE BUILT ENVIRONMENT
SAN DIEGO OVERVIEW TRENDS, IMPACT PROJECTS & THE FUTURE OF THE BUILT ENVIRONMENT UDI VICTORIA Thursday, September 27, 2018 BRIEF INTRO ECONOMIC DRIVERS MEGATRENDS OUR CURRENT SITUATION IMPACT PROJECTS
More informationEconomic & Financial Market Outlook
Economic & Financial Market Outlook BC Pension Forum March 1, 2013 Chris Lawless, Chief Economist Overview Global forces Recent economic performance ~ US, Europe, Japan, China ~ Other emerging markets
More informationNational and Virginia Economic Outlook Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business
National and Virginia Economic Outlook Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business October 24, 2018 The forecasts and commentary do not constitute
More informationROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN
ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Macroeconomic Research and Statistics Department Vol. XVIl, No.3 March 2018 CONTENTS Preface....01 Bhutan s Key Economic Indicators..02 Table
More informationKevin Thorpe Financial Economist & Principal Cassidy Turley
Kevin Thorpe Financial Economist & Principal Cassidy Turley Economic & Commercial Real Estate Outlook Kevin Thorpe, Chief Economist 2012 Another Year Of Modest Improvement 2006Q1 2006Q3 2007Q1 2007Q3 2008Q1
More informationROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN
ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Department of Macroeconomic Research and Statistics Vol. XVIl, No.9 September 2018 CONTENTS Preface....01 Bhutan s Key Economic Indicators..02
More informationROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN
ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Department of Macroeconomic Research and Statistics Vol. XVIl, No.11 November 2018 CONTENTS Preface....01 Bhutan s Key Economic Indicators..02
More informationNova Scotia Annual Gaming Report
Nova Scotia Annual Gaming Report 2013-2014 Dear Reader: Presented herewith is the Annual Gaming Report, pursuant to Section 56 of the Gaming Control Act, for the year ending March 31, 2014. The Annual
More informationUtility Debt Securitization Authority 2013 T/TE Billed Revenues Tracking Report
Utility Debt Securitization Authority 2013 T/TE Billed Revenues Tracking Report Billing Budgeted Billed Dollar Percent Month Revenues Revenues Variance Variance Jan 2018 11,943,180.68 12,697,662.47 754,481.79
More informationBC Games Society 2016/ /19 SERVICE PLAN
2016/17 2018/19 SERVICE PLAN For more information on the BC Games Society contact: 200-990 Fort Street Victoria BC V8V 3K2 Kelly Mann, President and CEO kellym@bcgames.org or visit our website at www.bcgames.org
More informationIt Was Never Going To Be Easy
It Was Never Going To Be Easy Stephen Toplis, Head of Research July 2010 Introduction Global power shift sustained Average outlook on the improve Fiscal constraints binding Domestic rebalance under way
More informationGlobal economy s strong momentum intact despite elevated level of uncertainty. Canada headed for another year of solid growth
ECONOMICS I RESEARCH Global economy s strong momentum intact despite elevated level of uncertainty Canada headed for another year of solid growth Dawn Desjardins (Deputy Chief Economist) (416) 974-6919
More information2019 Economic Outlook: Will the Recovery Ever End?
2019 Economic Outlook: Will the Recovery Ever End? Advantage Bank Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations November 15 th, 2018
More informationCOQUITLAM FILM STRATEGY
2017 2022 COQUITLAM FILM STRATEGY A special thank you to the following film sector professionals for their contributions to the 2017 2022 Coquitlam Film Strategy: RICK FEARON, LOCATION SCOUT, GEP MAGICIANS
More informationChanges in Financial Structure of Coal Companies
Changes in Financial Structure of Coal Companies Prepared for: 30th Professional Engineers in Mining Seminar Marriott Griffin Gate Resort, Lexington, Kentucky September 15, 2017 By: John E. Feddock, P.E.
More informationAtlantic Canada lobster industry: structure & markets
Atlantic Canada lobster industry: structure & markets Lobster summit October 2007 Gardner Pinfold 1 The lobster industry - vital to communities in Canada & U.S. Canada Landings 40-50,000 t $550-650 million
More informationOrder No. 55/18 CENTRA GAS MANITOBA INC.: PRIMARY GAS RATE APPLICATION, EFFECTIVE MAY 1, April 26, 2018
CENTRA GAS MANITOBA INC.: PRIMARY GAS RATE APPLICATION, EFFECTIVE MAY 1, 2018 BEFORE: Larry Ring, Q.C., Panel Chair Marilyn Kapitany, B.Sc.(Hon), M.Sc., Vice Chair Carol Hainsworth, C.B.A., Member Susan
More informationDemographic change, long-run housing demand and the related challenges for the Irish banking sector
Demographic change, long-run housing demand and the related challenges for the Irish banking sector December 5 th, 2016 esri.ie David Duffy, Daniel Foley, Kieran McQuinn and Niall McInerney Outline: Addresses
More informationGlobal economy maintaining solid growth momentum. Canada leading the pack
Global economy maintaining solid growth momentum Canada leading the pack Dawn Desjardins (Deputy Chief Economist) (416) 974-6919 dawn.desjardins@rbc.com September 2017 Brighter global outlook gains traction
More informationBUSINESS PLAN January 2015
BUSINESS PLAN January 2015 Richard Wooles Executive Director #201-210 West Broadway Vancouver, BC V5Y 3W2 Tel: 604 737 3164 richard@cyclingbc.net Table of Contents Vision... 2 Mission... 2 Values... 2
More informationThe U.S. Economic Outlook
The U.S. Economic Outlook Presented to: Maquiladora Industry Outlook Conference September 29 2006 Presented by: Patrick Newport Principal, U.S. Macroeconomic Service 781-301-9125 patrick.newport@globalinsight.com
More informationNova Scotia Annual Gaming Report
Nova Scotia Annual Gaming Report 2016-2017 Dear Reader: Presented herewith is the Annual Gaming Report, pursuant to Section 56 of the Gaming Control Act, for the year ending March 31, 2017. The Annual
More informationCan China Pilot a Soft Landing? 2017 Article IV Consultation Analysis, Outlook, and Policy Advice
Can China Pilot a Soft Landing? 2017 Article IV Consultation Analysis, Outlook, and Policy Advice September 2017 1 KEY RECENT DEVELOPMENTS China has had strong growth momentum which Real GDP Real GDP Stabilizes
More informationUNIVERSITY OF CALIFORNIA Economics 134 DEPARTMENT OF ECONOMICS Spring 2018 Professor David Romer
UNIVERSITY OF CALIFORNIA Economics 134 DEPARTMENT OF ECONOMICS Spring 2018 Professor David Romer LECTURE 2 OVERVIEW OF THE GREAT DEPRESSION January 22, 2018 I. THE 1920S A. GDP growth and inflation B.
More information5. Golf Industry Trends and Developments in the US 6. The US Macro Economy Factors and Impact over Golf Industry
TABLE OF CONTENTS 1. Golf Industry Performance Worldwide 1.1. Overview 1.2. Global Golf Equipment Demand and Economy 2. The US Golf Industry Overview 2.1. Industry Segmentation 3. Industry Performance
More information2016 Indiana Renewables Study & 2015 Forecast
2016 Indiana Renewables Study & 2015 Forecast Presented by: Douglas J. Gotham, Director State Utility Forecasting Group Purdue University Presented to: Interim Study Committee on Energy, Utilities, and
More informationAnnual results 2017 and strategy update. 09 March 2018
Annual results 2017 and strategy update 09 March 2018 Agenda 1. Highlights & Group performance 2017 2. Strategy update 3. Outlook 2018 March 9, 2018 Accell Group N.V. presentation annual results 2017 1
More informationMarket Insights. March 29, 2019
March 29, 2019 Economic Overview 2 Global & Regional Growth Forecasts IMF GDP Forecasts (% change YoY) 2010 2011 2012 2013 2014 2015 2016 2017 2018 Advanced Economies 1.2% 1.4% 2.1% 2.3% 1.7% 2.4% 2.3%
More informationMarket Insights. June 30, 2018
June 30, 2018 Economic Overview 2 Global & Regional Growth Forecasts IMF GDP Forecasts (% change YoY) 2010 2011 2012 2013 2014 2015 2016 2017 2018 Advanced Economies 1.7% 1.2% 1.3% 2.1% 2.3% 1.7% 2.3%
More informationPHILIPPINES RENEWABLE ENERGY OUTLOOK
PHILIPPINES RENEWABLE ENERGY OUTLOOK FORTUNATO S. S. SIBAYAN Chief, Chief, Solar Solar & Wind Wind Energy Energy Management Management Division Division Department Department of of Energy Energy ASEAN
More informationBoard of Directors. March 8, March 8, Board. Item 9-2, 1
of Directors Item 9-2, 1 Item 9-2, 2 MWD Act authorizes property taxes to pay obligations of the district Proposition 13 allows agencies to repay existing voterapproved indebtedness Metropolitan s share
More informationGrain Market Outlook and Marketing Strategies Presented By: Brian Roach
Grain Market Outlook and Marketing Strategies Presented By: Brian Roach Disclaimer: Futures/options trading involves substantial risk of loss and trading may not be suitable for all investors. You should
More information2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy
2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy PRESENTING SPONSOR EVENT PARTNERS 2 The forecasts and commentary do not constitute an official viewpoint of Old Dominion University,
More informationTelling Canada s story in numbers Elizabeth Richards Analytical Studies Branch April 20, 2017
Recent Developments in the Canadian Economy: How have the decline in oil prices and a weaker Canadian dollar affected Canada s economy? www.statcan.gc.ca Telling Canada s story in numbers Elizabeth Richards
More informationProposed Sewer & Water Rates. City of Placerville, California February 13, 2018
Proposed Sewer & Water Rates City of Placerville, California February 13, 2018 Overview Community outreach Proposed rates Proposition 218 procedures Next steps Questions and answers 2 Why new rates? We
More informationUK Energy Futures. Richard Smith Head of Energy Strategy & Policy
UK Energy Futures Richard Smith Head of Energy Strategy & Policy September 2012 Our 2012 scenario development Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Stakeholder workshops (London &
More informationCBO s January Baseline Sets the Stage. CRFB.org
CBO s January Baseline Sets the Stage 1 Trillion-Dollar Deficits Are Returning $1,600 Billions $1,400 $1,200 $1,000 $800 Deficits Increased Almost 800% Deficits Fell 69% Deficits Triple to Nearly $1.4
More informationBC Pension Forum. Economic Outlook. Presented by: Ben Homsy, CFA Portfolio Manager
BC Pension Forum Economic Outlook Presented by: Ben Homsy, CFA Portfolio Manager 1694 1704 1713 1723 1732 1741 1751 1760 1770 1779 1788 1798 1807 1817 1826 1836 1845 1854 1864 1873 1883 1892 1901 1911
More informationThe U.S. Economic Outlook
The U.S. Economic Outlook Nigel Gault Chief U.S. Economist, IHS Global Insight FTA Revenue Estimation & Tax Research Conference Charleston, West Virginia October 17, 2011 What Has Happened to the Recovery?
More informationBMO Capital Markets 2013 Farm to Market Conference New York, New York. May 14, 2013
0 BMO Capital Markets 2013 Farm to Market Conference New York, New York May 14, 2013 1 Forward Looking Statement Warning This presentation contains forward-looking statements about the business, financial
More informationGlobal trade: how does it look?
Edmonton, December 2018 Global trade: how does it look? Marie-France Paquet The Office of the Chief Economist Global Affairs Canada Overview 1. Canadian economy at a glance 2. Provincial economy at a glance
More information32 nd Annual CanaData Construction Forecasts Conference
32 nd Annual CanaData Construction Forecasts Conference Economic Intelligence September 21 st, 2017 Toronto Peter Norman, VP & Chief Economist, Economic Consulting Our Company Structure at a Glance ARGUS
More informationGlobal Economic Outlook: From Fiscal Cliff to Rushcliffe in 15 minutes. Tom Rogers. Lead Economist, Oxford Economics.
Global Economic Outlook: From Fiscal Cliff to Rushcliffe in 15 minutes Tom Rogers Lead Economist, Oxford Economics trogers@oxfordeconomics.com 16 th January 2013 Overview External environment showing signs
More informationPresident and Chief Executive Officer Federal Reserve Bank of New York Washington and Lee University H. Parker Willis Lecture in Political Economics
The U.S. Economic Outlook Chartspresented by WilliamC Dudley Charts presented by William C. Dudley President and Chief Executive Officer Federal Reserve Bank of New York Washington and Lee University H.
More informationThe Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch June 2016
The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch June 2016 Image from http://peoplesguidetohouston.wordpress.com/category/uncategorized/
More informationU.S. Oil & Gas Industry Chartbook
U.S. Oil & Gas Industry Chartbook BBVA Research USA Houston, TX August 2015 DISCLAIMER This document was prepared by Banco Bilbao Vizcaya (BBVA) BBVA Research U.S. on behalf of itself and its affiliated
More informationEnsuring Reliability in ERCOT
Ensuring Reliability in ERCOT Beth Garza Director, ERCOT IMM bgarza@potomaceconomics.com 512-225-7077 February 27, 2018 2 Data Comparisons ERCOT Population (million) 24 80 Germany Annual electricity consumption
More informationDeficit Reduction and Economic Growth: Are They Mutually Exclusive Goals? Tuesday, May 1, 2012; 2:30 PM - 3:45 PM
Deficit Reduction and Economic Growth: Are They Mutually Exclusive Goals? Tuesday, May 1, 2012; 2:30 PM - 3:45 PM Moderator: Gillian Tett, U.S. Managing Editor, Financial Times Speakers: Jared Bernstein,
More information2018 Full Year Results Presentation. 31 August 2018
2018 Full Year Results Presentation 31 August 2018 Disclaimer Important Notice and Disclaimer Disclaimer The material in this presentation has been prepared by Reece Limited (ABN 49 004 313 133) ( Reece")
More information