Xcel Energy begins commercial operation at 500MW Cheyenne Ridge wind farm in Colorado

first_img FacebookTwitterLinkedInEmailPrint分享The Denver Post:Xcel Energy-Colorado has completed construction of the 500-megawatt Cheyenne Ridge wind farm on the Eastern Plains.The 229-turbine facility in Cheyenne and Kit Carson counties will provide enough energy to power about 270,000 homes, Xcel Energy said in a statement Wednesday. The project, owned by the utility, was completed ahead of schedule and began operating in August.Earlier in September, Cheyenne Ridge helped Xcel Energy set a record for hourly wind generation in Colorado when the wind power on its system served close to 70% of the energy for customers.Cheyenne Ridge will help move Xcel Energy, Colorado’s largest electric utility, closer to its goal of reducing carbon emissions by 80% by 2030, the company said. And by 2026, more than half of the power produced by Xcel will come from wind and solar energy, according to the utility.The Cheyenne Ridge project will also generate economic benefits for area landowners, Xcel Energy said. Over its life, the wind farm is expected to generate about $107 million in lease payments for landowners and $29 million in new tax revenue.A recent report by the organization The Western Way found that more than 95% of the state’s renewable energy capacity is on the Eastern Plains, producing thousands of jobs and millions of dollars in benefits each year.[Judith Kohler]More: Xcel Energy adds to its wind power with completion of Cheyenne Ridge on Eastern Plains Xcel Energy begins commercial operation at 500MW Cheyenne Ridge wind farm in Coloradolast_img read more

To catch a fraudster: FBI stops criminals with tips from CO-OP shared branching credit unions

first_imgCriminals are at their best when victims are unaware. Financial crooks, especially, are most handsomely enriched when they can pull off their cons quickly before their marks get wise. Aside from speed, payment fraudsters – from check-kiters to identity thieves – also pay close attention to geography. In some cases, it makes sense for them to stay close to the victimized individual or organization to evade fraud prevention efforts triggered by zip code. In other situations, crooks must jump from city to city, or state to state, to keep ahead of local law enforcement. For this reason, it’s more important than ever for credit unions to be a part of a national fraud prevention network like CO-OP Shared Branch.Here are three recent incidents that highlight what happens with credit unions across the nation work together to advance fraud detection and prevention.Fraud Ring Accomplice Stopped by Illinois TellerFor three months in the early part of this year, one particularly nasty perpetrator was committing identity fraud in credit union branches in several different states, including New York, Pennsylvania, Indiana, Illinois, Texas and Florida. CO-OP, acting in collaboration with several different law enforcement agencies and credit union organizations, ultimately got her off the streets and out of the movement’s branches.As the crook, who is believed to be part of a larger identity theft ring, made her moves, CO-OP engaged a syndicate of state networks and credit unions to gather security images and additional information on each fraud incident. After all the details were compiled, a fraud alert was distributed across the entire CO-OP Shared Branch network, reaching 1,800 credit unions and their frontline staff.Shortly thereafter, a credit union teller in Illinois recognized the woman as she entered the branch. The teller contacted police, and the thief was arrested. CO-OP continued to support law enforcement post-arrest by working with the U.S. Secret Service to assist with the suspect’s interrogation.25 Driver’s Licenses and 60 Fake Checks Found on SuspectMore recently, a  thief in Virginia had been purchasing merchandize with counterfeit checks issued by a credit union. Thanks to the fast-acting of credit unions in the CO-OP Shared Branch network, the impacted state’s credit union league and the FBI, the perpetrator was captured before he could do more damage.When arrested, he was in possession of 50 credit union- and bank-issued checkbooks, 60 loose checks and more than 25 driver’s licenses all with the same name. According to the arresting officer, the suspect had reported his driver’s license lost multiple times. Each time, he successfully secured a new card with a new driver’s license number. Armed with this collection of fake IDs, he had the opportunity to continue his spree for many months had he not been stopped.Georgia ID Used to Steal from Colorado Member in North CarolinaJust last month, a Colorado credit union member noticed unusual withdrawals from her account. The transactions had occurred in North Carolina. The perpetrator had used a counterfeit Georgia driver’s license to request cash withdrawals at three different credit union branches within the same local area. CO-OP quickly alerted the state league and published a fraud alert, including an image of the suspect. Thanks to the notification, credit union staff in North Carolina recognized and denied the crook’s request when she visited their branch. Days later a second credit union’s staff member, who also recognized the perpetrator from the alerts, called the authorities who ultimately arrested the suspect.Credit Unions Link Together to Fight FraudAs these incidents demonstrate, collaboration is critical to thwarting the fast-moving, far-reaching payment crimes of today. When part of a network like CO-OP Shared Branch, credit unions can quickly communicate fraud trends, incidents, tips and tricks. Collaboration with law enforcement is also easier when credit unions are connected and working together to fight fraud.Just as credit unions share information with law enforcement, agencies like the U.S. Secret Service regularly share crime intel with credit unions via CO-OP’s fraud team. For example, the agency recently shared detailed instructions, authored by a convicted and incarcerated identity thief, on how to create a credit union member profile. The instructions had been scrolled on a writing pad discovered in a prison cell. Armed with real-time information like this, the movement’s ability to not only spot, but predict, payment fraud scams is immediately enhanced.The Complete PictureStopping all fraud is a lofty goal, but one credit unions and CO-OP’s fraud team pursues none-the-less. The combination of human talent with advanced technology like machine learning is creating a very unfriendly environment for even the savviest of fraudsters. Relentless, creative and tenacious, collective fraud teams across the network have contributed to a fraud loss rate of .003 percent from January to June of this year. Ongoing collaboration between law enforcement, credit union networks, state leagues and other credit union organizations is proving to be an effective defense against fraud. 125SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Can Honda BR-V dislodge Hyundai Creta from top spot?

first_imgHonda Cars India is all set to intensify competition in the fast growing SUV segment, which is dominated by the likes of Hyundai and Renault, with the launch of its seven-seater model BR-V next month.The segment has been growing around 35 per cent for the past two years and ruled by Hyundai Creta, Renault Duster, Mahindra Scorpio and Ford EcoSport.ALSO READ: Honda Cars India to spice up the compact SUV segment with BR-V launchThe latest entrant in the fray — Maruti’s sub-four metre SUV Brezza Vitara has also been received well with over 40,000 bookings so far received by the company.”This space which we are entering has been growing for last two years. The compact sports utility segment grew by over 40 per cent last year. Customer traits are evolving as aspirations are going up,” Honda Cars India Ltd (HCIL) Senior Vice-President (Marketing and Sales) Jnaneswar Sen told PTI.With BR-V, which is big on versatility, the company has a winner on its hands, he added.ALSO READ:Honda tease new BR-V SUV; India launch soon”Success of a product depends on pricing, positioning and network. We will price it competitively, position it well and we have a growing network,” Sen said.As of March 31, the company had a network of 295 outlets across the country.The vehicle, that will be launched on May 5, will come with premium interiors, high road clearance and powerful engine, Sen said.”Though the exact pricing would be announced next month, one thing I can say right now is that we would price it very competitively,” he added.advertisementALSO READ: Is Honda Navi a bike or a scooter? The company would manufacture the SUV at its Tapukara plant in Rajasthan. Honda is in the process of expanding the production capacity of this facility from the current 1.2 lakh units per annum to 1.8 lakh units per annum.      When asked about the localisation level achieved on the product by the company, Sen said: “All our current vehicles, barring CR-V, have localisation levels beyond 90 per cent. So it is going to be on similar lines for BR-V too.”      BR-V has already been launched in Indonesia and Thailand where it has been received well, he added.On exports, the company is yet to come out with a concrete plan, Sen said.ALSO READ:2016 Honda Civic launched at Indonesia International Motor ShowBesides, BR-V, the company also plans to introduce Accord Hybrid during the festive season. It has already launched an updated version of its compact sedan Amaze last month.last_img read more