PJM has long permitted generators to collect revenues for the provision of reactive power and voltage support (reactive power) under Schedule 2 of the PJM Tariff. Innumerable generating facilities have availed themselves of this opportunity. Nearly every such reactive revenue requirement case has settled. Although the vast majority of PJM transmission owners (TOs), whose ratepayers pay the majority of the reactive power rates, have divested their generation, few Transmission Owners (TOs), and fewer state commissions/consumer advocates representing such retail ratepayers, … Read the rest
At the Summer 2023 National Meeting of the US National Association of Insurance Commissioners (“NAIC”), a number of sessions were focused on environmental, social and governance (“ESG”) initiatives, led by the Special (EX) Committee on Race and Insurance (the “R&I Committee”) and the Climate and Resiliency (EX) Task Force (“C&R Task Force”), both of which report to the NAIC Executive (EX) Committee. While neither the C&R Task Force nor the R&I Committee announced any … Read the rest
Matthew Homan has what he tongue-in-cheek describes as “Idea Surplus Disorder.” He’s never short of good ideas. Here is one of his better LinkedIn posts. Paralysis due to fear is one of the leading impediments to productive innovation.
… Read the restLeaders, start reframing failure as “tuition.”
Tell your teams you’re happy to pay tuition to learn a lesson, but make it clear that you’re not willing to pay to take the same class twice.
It will encourage your team to experiment and
By Jia WAN
In a recent case published by Beijing Financial Court (the “BFC”), which was represented by AnJie Broad and classified as one of the typical financial cases for the year of 2022, the BFC pierced the veil of “co-insurance”, and confirmed that reinsurance legal relationship was established between two insurers.
The dispute arose out of the “co-insurance agreement” entered by PICC and China Life where the two insurance companies had disagreement as to the amount that PICC should … Read the rest
La forme d’une œuvre, c’est une exposition épatante consacrée à Julien Gracq par la Bibliothèque nationale de France (site Tolbiac, jusqu’au 3 septembre). L’ermite de Saint-Florent-le-Vieil (1910-2007) qui n’aimait pas « faire visiter les cuisines aux invités » a légué un fonds de quinze mille feuillets à la BnF. On admire moult manuscrits, l’écriture appliquée du bon élève (professeur, normalien, agrégé) des photographies, témoignages. Dernières volontés obligent, il faudra attendre 2027 pour connaitre les secrets de trente cahiers inédits de notules. A … Read the rest
On June 27, 2022, Three Arrows Capital (“3AC”), a crypto hedge fund, commenced liquidation proceedings in the British Virgin Islands and thereafter filed recognition proceedings in, among other countries, the United States and Singapore. As we discussed earlier this year, on December 2, 2022, the bankruptcy court presiding over 3AC’s chapter 15 proceeding pending in the Southern District of New York held that the 3AC joint liquidators (the “JLs”) could serve a subpoena (the “U.S. Subpoena”) upon a 3AC cofounder, … Read the rest
On 31 July 2023, the European Commission adopted the European Sustainability Reporting Standards (“ESRS“). EU and non-EU entities subject to the new EU Corporate Sustainability Reporting Directive (“CSRD“) will be required to report against the ESRS, making the development of interest to entities preparing for reporting under the CSRD regime.
Background
The CSRD, which entered into force on 5 January 2023, creates detailed sustainability reporting requirements and expands the number of EU and non-EU companies subject … Read the rest
(Chip’s Note—This is the fourth post of a weekly feature of this blog which I am writing to obtain perceptions from experienced and leading public adjusters in the public adjusting profession.)
Who should you learn from? There is so much misinformation and wrong information available today from people that are really good at social media advertising or just trying to get your eyes on their website, that the answer is really hard to discern—who are the true professionals … Read the rest