Entergy third quarter earnings $455.2 million, down 3 percent from 2008

first_imgEntergy Corporation (NYSE: ETR) today reported third quarter 2009 as-reported earnings of $455.2 million, or $2.32 per share, compared with $470.3 million, or $2.41 per share, for third quarter 2008. On an operational basis, Entergy’s third quarter 2009 earnings were $470.7 million, or $2.40 per share, compared with $487.3 million, or $2.50 per share, in third quarter 2008. Earnings for the quarter were down 3.2 percent. Year-to-date, earnings were down 12.6 percent on $8.2 billion in revenues, which was 18.3 percent lower than 2008. Entergy owns the Vermont Yankee nuclear power plant in Vernon. Consolidated Earnings – Reconciliation of GAAP to Non-GAAP Measures Third Quarter and Year-to-Date 2009 vs. 2008 (Per share in U.S. $) Third Quarter Year-to-Date 2009 2008 Change 2009 2008 Change As-Reported Earnings 2.32 2.41 (0.09) 4.66 5.33 (0.67) Less Special Items (0.08) (0.09) 0.01 (0.26) (0.18) (0.08) Operational Earnings 2.40 2.50 (0.10) 4.92 5.51 (0.59) *GAAP refers to United States generally accepted accounting principles.Operational Earnings Highlights for Third Quarter 2009Utility, Parent & Other’s results were lower due to higher income tax expense and higher operation and maintenance expense.Entergy Nuclear’s earnings increased as a result of higher revenue from increased production due to fewer planned and unplanned outage days and higher other income.Entergy’s Non-Nuclear Wholesale Assets’ results improved due to lower income tax expense.”While we continue to experience the negative effects of the slowed economic recovery, we are also seeing the positive benefits from progress in key initiatives in both our utility and non-utility nuclear businesses,” said J. Wayne Leonard, Entergy’s chairman and chief executive officer. “We are focused on constantly recalibrating our point of view as markets and government policies react to the financial crisis, managing our own risks and executing as opportunities arise.”Other Business HighlightsBoth Entergy Gulf States Louisiana and Entergy Louisiana reached settlements in outstanding formula rate plan (FRP) proceedings that included extension of each company’s FRP for the years 2008-2010.Entergy and the staff of the Vermont Department of Public Service reached a Memorandum of Understanding (MOU) which resolves the remaining issues between these parties associated with the approval of the non-utility nuclear spin-off transaction in Vermont. The MOU has been filed with and must be approved by the Vermont Public Service Board.For the eighth consecutive year Entergy was named to the Dow Jones Sustainability World Index and was one of only two U.S. utility companies listed. In addition, the Carbon Disclosure Project named Entergy to its Climate Disclosure Leadership Index for the sixth consecutive year.Entergy will host a teleconference to discuss this release at 10:00 a.m. CT on Thursday, Oct. 22, 2009, with access by telephone, 719-457-2080, confirmation code 4133911. The call and presentation slides can also be accessed via Entergy’s Web site at www.entergy.com(link is external). A replay of the teleconference will be available through Oct. 29, 2009, by dialing 719-457-0820, confirmation code 4133911. The replay will also be available on Entergy’s Web site at www.entergy.com(link is external).Utility, Parent & OtherIn third quarter 2009, Utility, Parent & Other had as-reported earnings of $259.6 million, or $1.32 per share, compared to $286.0 million, or $1.47 per share, in third quarter 2008. On an operational basis, third quarter 2009 earnings were $264.8 million, or $1.35 per share, compared to $303.0 million, or $1.56 per share, in third quarter 2008. Operational results for Utility, Parent & Other in third quarter 2009 reflect the absence of the 2008 adjustment reducing income tax expense (associated with the liquidation of a subsidiary) and higher operation and maintenance expense. Partially offsetting lower results were higher net revenue and other income. The effects of hurricanes Gustav and Ike reduced revenue in third quarter 2008.Residential sales in third quarter 2009, on a weather-adjusted basis, increased 3.2 percent compared to third quarter 2008. Commercial and governmental sales, on a weather-adjusted basis, increased 1.1 percent year over year. Industrial sales in the third quarter were down 6.3 percent compared to the same quarter of 2008.The weak economy continued to depress sales in the industrial sector, but to a lesser extent than second quarter 2009, which reflected a 10 percent decline. Residential and commercial sales increases reflected the absence of two hurricanes that reduced usage in third quarter last year. Industrial sales in third quarter 2009 for large customers reflected continued weaknesses in chemicals and primary metals. Small and mid-sized industrial customers continue to be the industrial segments most negatively affected by weakness in the economy. Increased sales also included contributions from the warmer-than-normal weather particularly from mid June to early July, as reflected in July billed sales, compared to near-normal weather in third quarter 2008.Entergy NuclearEntergy Nuclear earned $200.4 million, or $1.02 per share, on an as-reported basis and $210.7 million, or $1.07 per share, on an operational basis in third quarter 2009, compared to $205.3 million, or $1.05 per share, on as-reported and operational bases in third quarter 2008. Entergy Nuclear’s operational earnings increased as a result of higher revenue from higher generation due to fewer planned and unplanned outage days in the current quarter and increased other income primarily associated with decommissioning trust funds. An impairment was recognized on Entergy Nuclear’s decommissioning trust funds in third quarter 2008 versus no impairments in the current period where gains were recognized on investment transactions. Higher operation and maintenance expense during the quarter and the absence of the 2008 adjustment reducing income tax expense (associated with Massachusetts state tax law) were partially offsetting. Finally, as-reported results were further reduced by the special item for spin-off dis-synergies.Non-Nuclear Wholesale AssetsEntergy’s Non-Nuclear Wholesale Assets business incurred a loss of $4.8 million, or two cents per share, on both as-reported and operational bases in third quarter 2009 compared to a loss of $21.0 million, or 11 cents per share, a year ago. Business results improved due primarily to lower income tax expense due to the absence of a 2008 adjustment associated with the redemption of an investment that had the effect of increasing income tax expense.OutlookEntergy is reaffirming 2009 earnings guidance in the range of $6.20 to $6.80 per share on an operational basis. As-reported guidance ranges from $6.00 to $6.60 per share and incorporates spin-off expenses for outside services through June 30, 2009, in addition to projected dis-synergies associated with the spin-off of Entergy’s non-utility nuclear business and plans to enter into a nuclear services joint venture.Business SeparationThe announced spin-off of Entergy’s non-utility nuclear business will establish a new independent, publicly traded company, Enexus Energy Corporation. In addition, Entergy and Enexus intend to enter into a nuclear services joint venture, with equal ownership, with the joint venture being named EquaGen LLC. The state regulatory decisions and financing continue as the critical path items in finalizing the spin-off transaction. The transactions are subject to various approvals. Regarding financing, on Oct. 1, 2009, Enexus executed Amendment No. 1 to its credit agreement dated Dec. 23, 2008, increasing the total facility amount to $1.2 billion from $1.175 billion. Enexus will not be permitted to draw down the facility until certain customary and transactional conditions are met on or prior to July 1, 2010. Final terms of the transactions and spin-off completion are subject to the approval of the Entergy Board of Directors.Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $13 billion and approximately 14,700 employees.Additional information regarding Entergy’s quarterly results of operations, regulatory proceedings, planned spin-off of its non-utility nuclear business and other operations is available in Entergy’s investor news release dated Oct. 22, 2009, a copy of which has been filed today with the Securities and Exchange Commission on Form 8-K and is available on Entergy’s investor relations Web site at www.entergy.com/investor_relations(link is external).In this news release, and from time to time, Entergy Corporation makes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.Forward-looking statements involve a number of risks and uncertainties. There are factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including (a) those factors discussed in (i) Entergy’s Form 10-K for the year ended December 31, 2008, (ii) Entergy’s Form 10-Q for the quarters ended March 31 and June 30, 2009, and (iii) Entergy’s other reports and filings made under the Securities Exchange Act of 1934, (b) the uncertainties associated with efforts to remediate the effects of Hurricanes Gustav and Ike and the January 2009 Arkansas ice storm and recovery of costs associated with restoration, and (c) the following transactional factors (in addition to others described elsewhere in this news release and in subsequent securities filings): (i) risks inherent in the contemplated spin-off, joint venture and related transactions (including the level of debt to be incurred by Enexus Energy Corporation and the terms and costs related thereto), (ii) legislative and regulatory actions, and (iii) conditions of the capital markets during the periods covered by the forward-looking statements. Entergy cannot provide any assurances that the spin-off or any of the proposed transactions related thereto will be completed, nor can it give assurances as to the terms on which such transactions will be consummated. The transaction is subject to certain conditions precedent, including regulatory approvals and the final approval by the Board of Directors of Entergy.Appendix A provides a reconciliation of GAAP as-reported earnings to non-GAAP operational earnings. Appendix A: Consolidated Earnings – Reconciliation of GAAP to Non-GAAP Measures Third Quarter and Year-to-Date 2009 vs. 2008 (Per share in U.S. $) Third Quarter Year-to-Date 2009 2008 Change 2009 2008 Change As-Reported Utility, Parent & Other 1.32 1.47 (0.15) 2.32 2.56 (0.24) Entergy Nuclear 1.02 1.05 (0.03) 2.34 2.90 (0.56) Non-Nuclear Wholesale Assets (0.02) (0.11) 0.09 – (0.13) 0.13 Consolidated As-Reported Earnings 2.32 2.41 (0.09) 4.66 5.33 (0.67) Less Special Items Utility, Parent & Other (0.03) (0.09) 0.06 (0.09) (0.18) 0.09 Entergy Nuclear (0.05) – (0.05) (0.17) – (0.17) Non-Nuclear Wholesale Assets – – – – – – Consolidated Special Items (0.08) (0.09) 0.01 (0.26) (0.18) (0.08) Operational Utility, Parent & Other 1.35 1.56 (0.21) 2.41 2.74 (0.33) Entergy Nuclear 1.07 1.05 0.02 2.51 2.90 (0.39) Non-Nuclear Wholesale Assets (0.02) (0.11) 0.09 – (0.13) 0.13 Consolidated Operational Earnings 2.40 2.50 (0.10) 4.92 5.51 (0.59) Entergy Corporation Consolidated Income Statement Three Months Ended September 30 (in thousands) 2009 2008 %Inc/(Dec) (unaudited) Operating Revenues: Electric $2,195,461 $3,209,000 (31.6) Natural gas 24,030 41,981 (42.8) Competitive businesses 717,604 712,903 0.7 Total 2,937,095 3,963,884 (25.9) Operating Expenses: Operation and maintenance: Fuel, fuel-related expenses, and gas purchased for resale 559,129 1,270,160 (56.0) Purchased power 388,308 764,122 (49.2) Nuclear refueling outage expenses 61,441 58,079 5.8 Other operation and maintenance 681,576 636,989 7.0 Decommissioning 50,069 47,515 5.4 Taxes other than income taxes 128,851 140,819 (8.5) Depreciation and amortization 280,641 263,656 6.4 Other regulatory charges (credits) – net (13,224) 30,452 (143.4) Total 2,136,791 3,211,792 (33.5) Operating Income 800,304 752,092 6.4 Other Income (Deductions): Allowance for equity funds used during construction 14,770 10,411 41.9 Interest and dividend income 64,730 37,533 72.5 Other than temporary impairment losses (457) (7,133) (93.6) Equity in earnings of unconsolidated equity affiliates 1,316 1,459 (9.8) Miscellaneous – net 4,423 5,200 (14.9) Total 84,782 47,470 78.6 Interest and Other Charges: Interest on long-term debt 130,132 128,746 1.1 Other interest – net 22,625 33,229 (31.9) Allowance for borrowed funds used during construction (8,252) (5,939) 38.9 Total 144,505 156,036 (7.4) Income Before Income Taxes 740,581 643,526 15.1 Income Taxes 280,414 168,239 66.7 Consolidated Net Income 460,167 475,287 (3.2) Preferred Dividend Requirements of Subsidiaries 4,998 4,998 – Net Income Attributable to Entergy Corporation $455,169 $470,289 (3.2) Earnings Per Average Common Share Basic $2.35 $2.47 (4.9) Diluted $2.32 $2.41 (3.7) Average Number of Common Shares Outstanding – Basic 193,424,904 190,379,009 Average Number of Common Shares Outstanding – Diluted 195,875,241 194,960,830 Entergy Corporation Consolidated Income Statement Nine Months Ended September 30 (in thousands) 2009 2008 %Inc/(Dec) (unaudited) Operating Revenues: Electric $6,140,823 $7,779,450 (21.1) Natural gas 126,914 185,361 (31.5) Competitive businesses 1,979,259 2,128,077 (7.0) Total 8,246,996 10,092,888 (18.3) Operating Expenses: Operation and maintenance: Fuel, fuel-related expenses, and gas purchased for resale 1,927,692 2,537,498 (24.0) Purchased power 1,034,483 2,132,967 (51.5) Nuclear refueling outage expenses 178,454 165,177 8.0 Other operation and maintenance 2,021,462 1,958,566 3.2 Decommissioning 148,119 140,327 5.6 Taxes other than income taxes 385,649 375,332 2.7 Depreciation and amortization 799,183 756,617 5.6 Other regulatory charges (credits) – net (29,371) 99,970 (129.4) Total 6,465,671 8,166,454 (20.8) Operating Income 1,781,325 1,926,434 (7.5) Other Income (Deductions): Allowance for equity funds used during construction 47,499 28,782 65.0 Interest and dividend income 170,007 143,273 18.7 Other than temporary impairment losses (85,396) (35,193) 142.7 Equity in loss of unconsolidated equity affiliates (442) (2,042) (78.4) Miscellaneous – net (20,468) (2,439) 739.2 Total 111,200 132,381 (16.0) Interest and Other Charges: Interest on long-term debt 383,255 371,793 3.1 Other interest – net 69,406 93,795 (26.0) Allowance for borrowed funds used during construction (26,547) (15,992) 66.0 Total 426,114 449,596 (5.2) Income Before Income Taxes 1,466,411 1,609,219 (8.9) Income Taxes 534,101 544,256 (1.9) Consolidated Net Income 932,310 1,064,963 (12.5) Preferred Dividend Requirements of Subsidiaries 14,993 14,971 0.1 Net Income Attributable to Entergy Corporation $917,317 $1,049,992 (12.6) Earnings Per Average Common Share Basic $4.73 $5.48 (13.7) Diluted $4.66 $5.33 (12.6) Average Number of Common Shares Outstanding – Basic 194,044,214 191,444,611 Average Number of Common Shares Outstanding – Diluted 197,382,562 197,064,629 Entergy Corporation Utility Electric Energy Sales & Customers Three Months Ended September 30 % % Weather- 2009 2008 Change Adjusted (Millions of kwh) Electric Energy Sales: Residential 11,213 10,671 5.1 3.2 Commercial 8,131 7,997 1.7 1.0 Governmental 663 649 2.2 1.6 Industrial 9,473 10,110 (6.3) (6.3) Total to Ultimate Customers 29,480 29,427 0.2 (0.7) Wholesale 1,164 1,431 (18.7) Total Sales 30,644 30,858 (0.7) Nine Months Ended September 30 % % Weather- 2009 2008 Change Adjusted (Millions of kwh) Electric Energy Sales: Residential 26,206 26,055 0.6 0.7 Commercial 20,842 20,922 (0.4) (0.3) Governmental 1,802 1,805 (0.2) (0.4) Industrial 26,402 29,217 (9.6) (9.6) Total to Ultimate Customers 75,252 77,999 (3.5) (3.5) Wholesale 3,864 4,160 (7.1) Total Sales 79,116 82,159 (3.7) September 30 % 2009 2008 Change Electric Customers (End of period): Residential 2,335,387 2,308,250 1.2 Commercial 330,922 328,070 0.9 Governmental 15,652 15,344 2.0 Industrial 47,647 49,199 (3.2) Total Ultimate Customers 2,729,608 2,700,863 1.1 Wholesale 29 29 – Total Customers 2,729,637 2,700,892 1.1SOURCE Entergy Corporation. NEW ORLEANS, Oct. 22, 2009 /PRNewswire-FirstCall/ —last_img read more

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U.S. Recognizes Guatemala’s Fight against Human Trafficking

first_img The United States has removed Guatemala from its human-trafficking “watch list” of countries, an act that recognizes the actions taken by the Guatemalan government against this plague, the Central American country’s foreign ministry said on 30 June. “By removing it from the watch list, the U.S. government recognized the actions taken by the Guatemalan state in this area,” the Ministry of Foreign Relations maintained in a press release. Those actions are reflected in police efforts to combat that offense, the implementation of the Sexual Violence, Exploitation, and Human-Trafficking Act, the official statement added. The foreign ministry highlighted the opening of two shelters specialized in responding to the needs of both child and adult victims of human trafficking and the issuance of the Interinstitutional Protocol for the Repatriation of Victims of Human Trafficking, including boys, girls, teenagers, and adults. “With this result, the state ratifies its commitment to creating the security conditions that will enable the comprehensive personal development of its population, promoting the prevention of and the fight against this offense and the reinsertion of victims into society, as well as effective criminal prosecution and punishment of those responsible for human trafficking,” the foreign ministry specified. By Dialogo July 05, 2011last_img read more

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Byker growth

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

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Stanhope set for Treasury coup

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

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Tailor chooses Thames Gateway for distribution expansion

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

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Ex-Trump lawyer Cohen to be released due to coronavirus outbreak: Sources

first_imgTopics : A spokesman for the Manhattan US Attorney’s office did not immediately respond to a request for comment.Cohen, who once said he would “take a bullet” for Trump, was sentenced to three years in prison in 2018 for directing hush payments to pornographic film star Stormy Daniels and former Playboy model Karen McDougal, who claimed they had affairs with Trump. The US president has denied having the encounters.Cohen, 53, was sent to a minimum-security camp at Otisville in upstate New York, about 70 miles (110 km) northwest of New York City.He had pressed to be released early due to the coronavirus pandemic, which has hammered New York state and surfaced in prisons around the country. Michael Cohen, the former personal attorney to US President Donald Trump, will be released early from prison because of the coronavirus pandemic, two sources familiar with the matter told Reuters late on Thursday.Cohen, who has served less than one year of a three-year sentence, will serve the rest of his time in home confinement, one of the sources said. Before his release, he will have to undergo a two-week quarantine to ensure he does not have symptoms of COVID-19, according to the source, who asked not to be identified.Roger Adler, Cohen’s lawyer, did not immediately respond to a request for comment. A spokeswoman for the Federal Bureau of Prisons said that as of Thursday night Cohen was still incarcerated in the Otisville Federal Correctional Institution.center_img Last month, a federal judge denied the request, saying Cohen should accept the consequences of his crimes rather than invoke the pandemic to justify his freedom.”Ten months into his prison term, it’s time that Cohen accept the consequences of his criminal convictions for serious crimes that had far reaching institutional harms,” US District Judge William Pauley in Manhattan wrote.The judge said that Cohen’s attempt to “single himself out for release to home confinement appears to be just another effort to inject himself into the news cycle.”last_img read more

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Pension fund for Dutch notaries to revamp entire investment portfolio

first_imgSNPF, the €1.2bn occupational pension fund for notaries in the Netherlands, is to rearrange its entire investment portfolio with the view to improving control of the interest risk on its liabilities, as well as to save costs. The scheme recently changed the management style of its matching portfolio from active to passive, with its investments following the liabilities curve as closely as possible, according to Eric Uijen, the scheme’s director. Uijen told IPE the €550m ‘liabilities portfolio’ chiefly consisted of high-grade government bonds from Germany, the Netherlands, France, Finland and Austria.With added interest swaps, the portfolio covers approximately 80% of the scheme’s interest risk, he said. The SNPF also converted four fixed income mandates into one, managed by Syntrus Achmea Asset Management.The pension fund said only limited mandates for credit remained with Aegon and Pimco, and that it no longer employed the services of Lombard Odier.According to Uijen, the changes stand to save the pension fund €700,000 a year in asset management costs, while the “considerably lower” number of deals will cut costs even further.He estimated that asset management costs, without transaction costs, would drop from 0.42% in 2012 to approximately 0.20% in 2014. Uijen said the scheme’s return portfolio would be screened for possible efficiency improvements for cost cutting – by converting to passive management, for example. “At the moment, we need to answer the question of whether and to what extent we want to allow asset managers to deviate from the assigned benchmark,” he said. The SNPF’s return portfolio consists chiefly of investment-grade credit and global equity.Uijen said the pension fund intended to divest its 5% private equity holdings gradually, as the SNPF considers itself too small to have such illiquid assets in its portfolio.He added that the asset class was also “difficult to comprehend”. However, he said the SNPF was in “no hurry”, as its current investments were in the “right position on the J curve”.With the view to cutting costs further, the scheme transferred its pensions administration – managed in-house to date – to provider TKP Pension last January.The pension fund had to apply rights cuts in 2011 and 2013 of almost 2% and 5.8%, respectively, in order to adhere to its recovery plan.At year-end, its coverage ratio stood at 106.5%, 2.1 percentage points above the legally required minimum.last_img read more

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Table tennis world team championships postponed over virus

first_imgTable tennis’s world team championships, due to take place next month in the South Korean city of Busan, were postponed on Tuesday following a leap in novel coronavirus cases. Workers spray disinfectant as part of preventive measures against the spread of the COVID-19 coronavirus, at the National Assembly in Seoul The International Table Tennis Federation said the event, originally planned for March 22-29, had been provisionally rescheduled for June 21-28 following an emergency meeting with local organisers. South Korea’s K-league had already postponed the start of the new football season on Monday as the virus causes chaos in the country’s sporting calendar. Volleyball, basketball and handball have taken similar measures as confirmed cases of COVID-19 rose to 893 in South Korea, with eight deaths. “In light of the emerging situation in Korea Republic and to best preserve the health and safety of players, officials and fans, the Hana Bank 2020 World Team Table Tennis Championships in Busan have been postponed with the dates of 21-28 June provisionally reserved,” said an ITTF statement. “By continuing to work hard and in close cooperation with all stakeholders in Busan, the ITTF remains confident about putting on a great World Championships in June.” The coronavirus has had a serious impact on sports events worldwide, with football matches in Italy, China and Japan postponed as well as the Formula One Chinese Grand Prix, the Hong Kong Rugby Sevens and elite women’s LPGA golf tournaments in Thailand, Singapore and China. Promoted Content18 Cities With Neverending Tourist-Flow6 Interesting Ways To Make Money With A DroneBirds Enjoy Living In A Gallery Space Created For Them5 Of The World’s Most Unique Theme ParksCelebrities Showing Support For George Floyd ProtestsWhat Happens When You Eat Eggs Every Single Day?Top 10 Most Romantic Nations In The WorldWe’re Getting More Game Of Thrones: Enter House Of The Dragon!7 Universities In The World With The Highest Market Value7 Ways To Understand Your Girlfriend Better6 Extreme Facts About Hurricanes7 Universities Where Getting An Education Costs A Hefty Penny Read Also: Coronavirus forces fan ban at Italian football games And the Korea Handball Federation cut its season short, cancelling the playoffs and finals. Nearly 2,700 people have died in China but the rising number of coronavirus cases and deaths elsewhere has deepened fears about a potential pandemic. More than 2,000 cases and 30 deaths have been reported outside China. FacebookTwitterWhatsAppEmail分享 Loading… The Korean Volleyball Federation said it would hold matches behind closed doors until “an improvement in the situation”. The Women’s Korean Basketball League took a similar decision last week and offered fans full refunds.last_img read more

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Local food pantries get funding help for holiday season

first_imgRepresentatives from area food pantries accepted the RCCF grant.BATESVILLE, Ind. – Local food pantries are getting some extra help this holiday season.The Ripley County Community Foundation granted $1,450 to each of the eight Ripley County pantries.The donation is made possible through United Way contributions and a funding match from MainSource Bank.Recipients of the United Way Grant were Batesville Area Ministerial Association Food Pantry, Bridge of Hope Food Pantry, Fishes and Loaves Community Food Pantry, Holton Food Pantry, Milan Community Emergency Relief, Ripley County Food Pantry, South Ripley Community Schools Food Pantry, and Sunman Food Pantry.last_img read more

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The Fugue enters Leopardstown frame

first_img John Gosden’s filly clinched her second Group One prize with a mesmerising display on the Knavesmire last month, after which the Clarehaven handler mentioned the Prix de l’Arc de Triomphe and a return trip to the Breeders’ Cup as possible options. At that stage, a trip to Leopardstown was not discussed, but with the prospect of her favoured fast ground looking likely, she has been confirmed for what would be a fascinating clash with the colts. Ground conditions at Leopardstown could lead to Yorkshire Oaks heroine The Fugue taking her chance in the Red Mills Irish Champion Stakes on Saturday. Simon Marsh, racing and bloodstock manager for The Fugue’s owners Lord and Lady Lloyd Webber, said: “John (Gosden) is not here at the moment, but we will talk about things in the next couple of days. “Looking at the weather forecast there is not a lot of rain around at the moment and she has got her preferred ground, so we might let her take her chance. There has been no decision about Saturday, but she would be a definite possible.” While the drying weather could persuade connections of The Fugue to give an Irish mission the green light, it looks likely to scupper the participation of both Al Kazeem and Cirrus Des Aigles. The Roger Charlton-trained Al Kazeem has already enjoyed a stunning campaign, claiming a Group One hat-trick in the Tattersalls Gold Cup, the Prince of Wales’s Stakes and the Coral-Eclipse. However, he was beaten into third in a fast-ground Juddmonte International at York last month and ease underfoot is essential for his next assignment. Charlton told his website, www.rogercharlton.com: “James Doyle walked the course (on Sunday) before his second Group One winner at the Curragh and described the ground as being very quick. So unless there is a change in the weather forecast before the weekend Al Kazeem is looking a doubtful starter. A decision will be taken nearer the time.” Al Kazeem is likely to have one more run before a tilt at either the Arc on October 6 or the Qipco Champion Stakes at Ascot 13 days later, according to his owner John Deer, who said: “I would think he’ll have two more runs. He’s entered in the Prix Foy at Longchamp (September 15) and then after that it’s the Arc or the Champion Stakes “I never thought I’d be talking about one of my horses running in races like this, it’s unbelievable. He’s had a great year and he’s just a fantastic horse.” center_img Press Associationlast_img read more

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