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WASHINGTON (AP) — A machinists strike. Another safety problem involving its troubled top-selling airliner. A plunging stock price. 2024 was already a dispiriting year for Boeing, the American aviation giant. But when one of the company's jets crash-landed in South Korea on Sunday, killing all but two of the 181 people on board, it brought to a close an especially unfortunate year for Boeing. The cause of the crash remains under investigation, and aviation experts were quick to distinguish Sunday's incident from the company’s earlier safety problems. Alan Price, a former chief pilot at Delta Air Lines who is now a consultant, said it would be inappropriate to link the incident Sunday to two fatal crashes involving Boeing’s troubled 737 Max jetliner in 2018 and 2019. In January this year, a door plug blew off a 737 Max while it was in flight, raising more questions about the plane. The Boeing 737-800 that crash-landed in Korea, Price noted, is “a very proven airplane. "It’s different from the Max ...It’s a very safe airplane.’’ For decades, Boeing has maintained a role as one of the giants of American manufacturing. But the the past year's repeated troubles have been damaging. The company's stock price is down more than 30% in 2024. The company's reputation for safety was especially tarnished by the 737 Max crashes, which occurred off the coast of Indonesia and in Ethiopia less than five months apart in 2018 and 2019 and left a combined 346 people dead. In the five years since then, Boeing has lost more than $23 billion. And it has fallen behind its European rival, Airbus, in selling and delivering new planes. Last fall, 33,000 Boeing machinists went on strike, crippling the production of the 737 Max, the company's bestseller, the 777 airliner and 767 cargo plane. The walkout lasted seven weeks, until members of the International Association of Machinists and Aerospace Workers agreed to an offer that included 38% pay raises over four years. In January, a door plug blew off a 737 Max during an Alaska Airlines flight. Federal regulators responded by imposing limits on Boeing aircraft production that they said would remain in place until they felt confident about manufacturing safety at the company. In July, Boeing agreed to plead guilty to conspiracy to commit fraud for deceiving the Federal Aviation Administration regulators who approved the 737 Max. Acting on Boeing’s incomplete disclosures, the FAA approved minimal, computer-based training instead of more intensive training in flight simulators. Simulator training would have increased the cost for airlines to operate the Max and might have pushed some to buy planes from Airbus instead. (Prosecutors said they lacked evidence to argue that Boeing’s deception had played a role in the crashes.) But the plea deal was rejected this month by a federal judge in Texas, Reed O’Connor , who decided that diversity, inclusion and equity or DEI policies in the government and at Boeing could result in race being a factor in choosing an official to oversee Boeing’s compliance with the agreement. Boeing has sought to change its culture. Under intense pressure over safety issues, David Calhoun departed as CEO in August. Since January, 70,000 Boeing employees have participated in meetings to discuss ways to improve safety.
Calgary, Alberta, Dec. 12, 2024 (GLOBE NEWSWIRE) — The Alberta Energy Regulator (AER) has published the , an annual publication showing how water is allocated and used by the energy industry. “Industry’s improvements in water use reflect our shared commitment to responsible and efficient resource development,” said Laurie Pushor, President and CEO of the AER. “Water is one of our most valuable resources, and while innovation and technological advancements to reduce its use continue to be a priority, this report highlights the significant progress the industry has made over time.” The report shows that the energy sector used about 22% of its 2023 water allocation. Of the water used for oil, gas, and bitumen extraction, 82% was recycled water. Of the remaining water used, 17% was nonsaline (i.e., fresh water) and 1% alternative water. The report covers energy sector water use for four extraction types — oil sands mining, in situ operations, enhanced oil recovery, and hydraulic fracturing and now includes 11 years of data across these types. Expanding the data analysis helps Albertans understand long-term industry water use trends in the province and helps energy companies understand their water use and plan for the future. The best metric to understand industry water performance is water use intensity. Water use intensity is the amount of nonsaline water required to produce one barrel of oil equivalent. The lower the water use intensity, the better the performance. Since 2013, the energy industry has decreased nonsaline water use intensity by 19%. The report falls under the Alberta Energy Regulator’s which strives to hold companies accountable for their decisions and actions, improve their performance, and share more information with Albertans. The AER ensures the safe, efficient, orderly, and environmentally responsible development of energy and mineral resources in Alberta through our regulatory activities. For more information, visit . Email: | Media line: 1-855-474-6356 | | |
, /PRNewswire/ -- Indiana Michigan Power (I&M), an American Electric Power (Nasdaq: AEP) company, has filed a joint settlement with the Indiana Office of Utility Consumer Counselor (OUCC), Amazon Web Services (AWS), Microsoft, Google, the Data Center Coalition (DCC), and the Citizens Action Coalition (CAC). This settlement is the result of a collaborative negotiation process that supports I&M's ability to provide the best service possible for all customers and allows the company to continue pursuing opportunities that support the economic growth of its communities. It also addresses power demand increases with the recently announced data centers locating in northeast , as well as potential future large load customers, while ensuring reliable and affordable service for all customers. The settlement will require new large load customers, including data centers, to make long-term financial commitments proportional to their size to ensure the costs to serve these customers are reasonably recovered from the customer, and not passed on to existing customers. These investments will support the ongoing grid modernization for the benefit of all customers. Data centers provide the digital infrastructure enabling the applications, technologies, and services that have become central to our daily lives and modern economy—everything from banking and medical care to online education and entertainment. The growing demand for digital services can require a significant amount of electricity around the clock to operate. To serve this increased power demand, I&M is required to invest in additional generation, as well as new transmission facilities to meet customer needs and maintain a safe and reliable grid for all customers. In April, AWS announced an investment in a data center campus just west of that will create at least 1,000 jobs and Google announced a data center in . These investments are among the largest economic development projects in the state of and bring significant benefits to surrounding communities. "AWS is excited to be expanding our operations in and be part of the state's growing tech sector. We have recently announced an investment that will create numerous well-paying jobs and significantly contribute to the state's economy," said , Head of Energy & Water for the Americas, AWS. "Through continued partnership with I&M, this agreement supports the ongoing investment to modernize the local electric grid for the benefit of all ratepayers and ensure that costs to support data center growth are not passed along to other customers." I&M is currently in conversations with additional data center customers, who have also expressed an interest in locating in the northeast region. The settlement filed with the Indiana Utility Regulatory Commission (IURC) recognizes the energy needs of new large customers and proposes additional commitments that these customers must meet when establishing electric service. These new requirements are important to balance the interest of the new customers with the interest of I&M's existing customers. The new structure will enable I&M to optimize its existing and future investments to serve these new large loads in a way that is expected to reduce energy rates for all customers over time. In addition, the settlement ensures that such net new investments will be reasonably recovered from these large load customers. "I&M looks forward to working with some of the leading technology companies in the world that have chosen to locate in northeast . It is an exciting time for our region and I&M is committed to doing our part to support these customers as they bring investments and jobs to Indiana. I&M has the responsibility to serve the new customers, while also protecting existing customers, including residential, small business and those within other industries, from impacts related to necessary infrastructure improvements required to serve these customers," said , I&M president and chief operating officer. Protecting the interests of all customers was an important consideration of all parties that participated in the settlement agreement, including the OUCC and CAC. "Data centers will play a critical role in future economic development in the years to come, while requiring substantial increases in power generation and transmission infrastructure," said Indiana Utility Consumer Counselor Bill Fine. "The terms in this agreement will ensure a balanced approach as those investments are made, protecting residential, commercial, and industrial customers from bearing the costs of new infrastructure necessary to serve new, large-volume customers." "As ratepayer advocates since 1974, Citizens Action Coalition takes very seriously our role as watchdogs for utility consumers," said , CAC Executive Director. "This settlement includes significant protections for I&M ratepayers as these large new loads come online in and provides for increased transparency into the energy needs and impacts of these new customers. Additionally, the contribution to INCAA will enable meaningful assistance and support for low-income Hoosiers in managing their monthly energy bills, including weatherization services to make homes more efficient, healthier, and safer." To further demonstrate the commitment of supporting the local communities, the companies that are signatories to this joint settlement—AWS, Microsoft, and Google—have each agreed to provide an annual contribution of for five years to the Indiana Community Action Association, which provides various programs to support low-income Hoosiers once those companies begin taking service in the I&M service territory. "Since breaking ground on our campus in , Google has been committed to being part of economic future and supporting communities across the state to thrive for the long term. The inclusion of community support in this settlement builds on that commitment. We are building a strong partnership with Indiana Michigan Power and look forward to working together to explore opportunities for us to invest in new solutions, like grid-enhancing technologies, that will strengthen energy infrastructure for all customers," said , Global Head of Energy at Google. Indiana Michigan Power (I&M) is headquartered in , and its approximately 2,000 employees serve more than 600,000 customers. More than 85% of its energy delivered in 2023 was emission-free. I&M has at its availability various sources of generation including 2,278 MW of nuclear generation in , 450 MW of purchased wind generation from , more than 22 MW of hydro generation in both states and approximately 35 MW of large-scale solar generation in both states. The company's generation portfolio also includes 1,497 MW of coal-fueled generation. Our team at American Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We are investing from 2025 through 2029 to enhance service for customers and support the growing energy needs of our communities. Our nearly 16,000 employees operate and maintain the nation's largest electric transmission system with 40,000 line miles, along with more than 225,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 29,000 megawatts of diverse generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in , and ), Indiana Michigan Power, Kentucky Power, Public Service Company of , and Southwestern Electric Power Company (in , , east and the ). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in . For more information, visit . News releases and other information about I&M are available at View original content to download multimedia: SOURCE Indiana Michigan Power
Former U.S. Rep. has filed to run for a seat on the New York City Council, launching a potential political comeback after his once-promising career was destroyed by sexting scandals and later for having illicit online contact with a child. Campaign finance records list a campaign committee that was set up on Friday for Weiner called Weiner 25, in addition to listing him as a candidate for a council seat in lower Manhattan. In an interview Tuesday, Weiner, a Democrat, said he is “still exploring” whether to actually campaign for the office, but said he opened the committee late last week so he could participate in a forum held by the Downtown Independent Democrats later this week. He referred additional questions to recent statements he made on his weekly radio show, “The Middle with Anthony Weiner,” where he said: “I haven't decided if I want to do this yet" while considering the personal dynamics of a return to politics. Weiner represented a congressional district in New York City for about 12 years before he resigned in 2011 after sending lewd photos to several women. He tried to make a comeback in 2013 to run for mayor but was damaged by new revelations of explicit photos Weiner had sent under the online alias “Carlos Danger.” Weiner pleaded guilty in 2017 to having illicit online contact with a 15-year-old girl and was sentenced to 21 months in federal prison. He was released in 2019 and was ordered to register as a . Izaguirre reported from Albany, N.Y.
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Macron to name new French PM Friday after days of deadlockCIBC Asset Management Inc Purchases New Shares in Meritage Homes Co. (NYSE:MTH)Unfortunately for contestant Mehal Shah, the November 22 episode of Jeopardy! was a departure from his previous victorious game. The two-day returning champion and software engineer from Seattle, W.A., who had a total of $46,062, did not go on to make it a third-day. He even encountered a bit of shade from host Ken Jennings for his Final Jeopardy! answer. Mehal, who wowed fans with his bold wagers, went up against Adam Hersh, an attorney from Brooklyn, New York, and Courtney Schooley, a preschool teacher from Tulsa, Oklahoma on Friday episode of the ABC trivia game show . Before the first commercial break, Adam had the lead with $5,200 as he got a Daily Double clue in the “French-Named Food And Drink” category. Mehal followed behind in second with $4,400 and Courtney $0. By the end of the first round, Mehal and Adam switched places. Mehal took the lead with $7,200 with Adam had $5,800 and Courtney with $2,400. Jeopardy! fans in awe of this contestant's 'insane' Daily Double moves that clinched the win Jeopardy! fans slam show for most 'hated category' with 'awful' clues Adam snatched the lead back by Double Jeopardy, when he got the Daily Double right. Mehal got the last Daily Double right in the round but unlike Thursday's episode (November 21), he wagered $4,000 instead of going for the daring True Daily Double. Adam had $16,600 to Mehal's $14,400 and Courtney had $8,400 before Final Jeopardy! The category for this Final Jeopardy! was "Movies and Psychology" and the clue was, "In this film, Paula Alquist tells Gregory Anton, ‘Have you gone mad, my husband? Or is it I who am mad?" Courtney guessed right with the movie "Gaslight," raising her total to $16,800. Mehal guessed "Foile á Deux" which was wrong and the answer had Ken disbelieving what he heard as he asked, "The Joker movie?" Then he stated it was "not correct" and Mehal did one his well known risky wagers which unfortunately dropped him to $0. Adam also got the answer correct, bringing him to $29,000 and making him the winner. Fans took to the Jeopardy! subreddit thread about the November 22 episode to discuss the neck and neck game and also Ken's shade to Mehal. One fan said: "All three of these contestants were amazing. I'm just so sad to see Mehal lose!" A second said: "Great game! I love that Mehal and Adam were going back and forth for the lead AND that Courtney was able to get to >50% of the leader’s score going into FJ, so everybody was in contention at the end." Another wrote: "'The Joker movie?' LOL damn Ken chill" Mehal also took to the subreddit to thanks the fans and give some of his "brain droppings." One of those "brain droppings" involved explaining how he came to the answer, "Foile á Deux." "I wasn't making a Joker reference in FJ. I was initially thinking about the act of Gaslighting, and knew it was related to a movie. Gaslighting Abbie is a Steely Dan song (from the album that won Steely Dan their only Grammy) but I couldn't get a movie from there," He elaborated. "Then I started wondering if the movie was about two people with a shared delusion and put Folie a Deux thinking it might work. It didn't and I leave 0/3 on Final Jeopardy!. I did explain this to Ken during the credits sequence, and he no longer thinks I'm some weird Joker fanboy," the Washington resident continued. DAILY NEWSLETTER: Sign up here to get the latest news and updates from the Mirror US straight to your inbox with our FREE newsletter.