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|Articles - January 2010|
|Thursday, December 17, 2009|
City agreements with power companies and an inability to adequately measure components of its lighting infrastructure may be blocking a way for Portland to reduce energy and save money.
Joe Herbst, president of Portland-based Virticus, says he can help the city reduce resources spent on streetlights, but regulations stand in the way. He and his team have been meeting with city officials and Portland General Electric about how to initiate a system he says can reduce power and maintenance costs for the city.
Portland’s 2009-2010 budget calls for $7.6 million for street lighting operations. Rather than metering the lights separately, the city pays a flat tariff for different types of lights each year to PGE and Pacific Power. Herbst says his lighting control system would save the city 30% to 50% of its energy and maintenance costs for street lighting.
But in order for Portland to enter into an agreement with Virticus, it would have to change the rules that govern the city’s relationship with the utilities. “It would be a major decision and very costly,” says Dave Tooze, senior energy specialist for the Bureau of Planning and Sustainability.
Tooze says currently the city’s 55,000 street lights aren’t metered individually, so there is no way to verify the energy savings. Virticus would need to prove its system can save the city energy, he says. The difficulty is that the city has no data. “One thing we need to do is break the model with PGE,” says Herbst. “You’ve got to support variable usage.”
Skip Newberry, economic development policy adviser for the mayor, says conversations will continue with Virticus regarding verification, maintenance costs and deals with the utilities. And there appears to be no protest from the utilities. Deane Funk, PGE’s manager of local government affairs, says his company is always interested in helping the city use energy more efficiently. “We certainly are not going to get in the way of something that will save them money.” He acknowledged the program would require a change of rules, but says the process is still in its early stages.
“Our technology pulls together power line modem chips and wireless communication. We integrated the software around those and enabled solutions of scale,” says Herbst. He says the system adapts to daylight savings and can be used with any lighting infrastructure, giving the city total control over the system and instant identification of which lights need maintenance.
WILLIAM E. CRAWFORD
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
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Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
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Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
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Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
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The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
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Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
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