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A last-minute deal to restore Alaska’s campaign finance limits fell through. Here’s how.

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A last-minute deal to restore Alaska’s campaign finance limits fell through. Here’s how.

A final-minute deal within the state Legislature to revive donation limits to Alaska’s political campaigns collapsed Wednesday, permitting rich donors to spend limitless sums on state elections this yr nearly as good authorities advocates ponder a residents initiative to reimpose the caps.

“It was a devastating end result,” stated Anchorage Democratic Sen. Invoice Wielechowski, who tried and did not push limits by means of his chamber late Wednesday. “The power of somebody, anybody, in the US to drop $1 million into an election is simply gorgeous and startling, and ought to be of concern to each single Alaskan.”

Alaska had a number of the lowest political donation limits within the nation — $500 per individual, per yr — till final summer time, when a federal appeals court docket dominated that the caps unconstitutionally restricted free speech.

Republican Gov. Mike Dunleavy’s administration requested that the case not be reconsidered even when a choose known as for a brand new listening to. And the governor later stated he’s inclined to help limitless donations, so long as they’re publicly disclosed.

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One key opponent of marketing campaign finance limits stated Thursday he was happy lawmakers didn’t restore caps this yr. The end result, he argued, is that extra donations will go from donors on to politicians, reasonably than to independently spending teams which are unaffiliated with candidates.

“I believe the consequence will probably be that we’ll have a system that’s extra attentive to the voters, and extra clear,” stated legal professional Robin Brena, whose agency represented the conservative activists who sued to take away the donation limits. “And I believe these are good for our democracy.”

Alaska’s three main gubernatorial candidates — Dunleavy, unbiased Invoice Walker and Democrat Les Gara — are all now soliciting donations of $10,000 or extra on their marketing campaign web sites.

However the brand new panorama for Alaska marketing campaign contributions is probably not everlasting.

Many lawmakers nonetheless help reimposing greater limits than those the appeals court docket invalidated, making the topic more likely to reappear throughout the subsequent legislative session.

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And Anchorage unbiased Rep. Calvin Schrage, who led the state Home’s efforts to revive greater limits, stated he’s now contemplating launching a residents initiative — the identical technique that activists initially used to ascertain the $500 per individual cap in 2006.

“I’m fairly darn assured I’ll go ahead with that, as a result of it’s simply one thing Alaskans need,” Schrage stated Thursday. “If the Legislature fails to behave, we must always ensure that voters get an opportunity to face up for Alaska and Alaskans.”

Lawmakers have been, the truth is, poised to behave within the ultimate hours of their session Wednesday, which was the constitutional deadline for the Legislature to complete its enterprise.

A invoice sponsored by Schrage, which might have capped donations from people at $2,000, had already handed the Home. Nevertheless it had stalled for 2 months within the Senate State Affairs Committee, chaired by Wasilla Republican Sen. Mike Bathe, who didn’t reply to a request for remark Thursday.

Because the Legislature’s deadline approached, Wielechowski stated that he’d been working with a bunch of legislators, together with Bathe, on a deal to reinstate the donation limits.

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Their concept was combining marketing campaign finance caps, which are inclined to take pleasure in stronger help from liberal-leaning legislators, with a batch of election reform proposals which have bipartisan buy-in.

These proposals included state-paid postage and enhanced monitoring and safety for absentee ballots, and open-source election software program that skeptics may analyze themselves. There was additionally same-day voter registration, although these ballots can be scrutinized by a assessment board earlier than being counted.

The bundle, Wielechowski stated, had help from legislators in each the Home and Senate. And the election reform provisions would have given the governor — who lawmakers feared would veto a standalone contribution limits invoice — cause to signal it, since Dunleavy’s has pushed comparable reform efforts itself.

“Each side gave; each side bought,” Wielechowski stated. “I’m pretty assured that it will have handed each our bodies, and the governor wouldn’t have vetoed it.”

However the plan hit a hitch: For some cause, the state attorneys who draft payments for lawmakers took for much longer than anticipated to jot down Wielechowski’s modification.

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Because the clock ticked towards midnight with out the doc, Wielechowski stated he known as the attorneys repeatedly — at 4 p.m., 6 p.m. and eight p.m. — earlier than lastly, on the road with the highest legal professional at 10 p.m., he strode into the Senate.

Wielechowski handed the telephone to the chamber’s president, Peter Micciche, and requested Micciche to inform the attorneys to “ship an modification — I’ll miss a number of the extra colourful language — proper now.”

The doc got here by means of, Wielechowski stated, simply earlier than 11 p.m. However a key Senate vote to convey the topic up for debate failed.

“It was late within the evening and we had this main choice and we simply didn’t have sufficient time to assessment it,” he stated. “If it had gotten out by 5 or 6 o’clock, it will have handed and it will have been concurred with by the Home and it will be on the governor’s desk.”

The end result left supporters of contribution limits fuming.

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Gara, the Democratic gubernatorial candidate, blamed Dunleavy, the Republican governor, for declining to enchantment the federal court docket choice. And he stated Dunleavy — whose 2018 marketing campaign benefited from a so-called “unbiased expenditure group” bankrolled largely by his brother, Francis Dunleavy, and a rich actual property developer, Bob Penney — would profit.

“Dunleavy orchestrated the tip of donation limits,” Gara stated in a telephone interview Thursday. “The man who’s filed each lawsuit he may consider was too scared to file an enchantment when our donation limits have been struck down.”

Dunleavy, at a information convention Thursday, stated the appeals court docket was chargeable for eliminating Alaska’s donation limits; he added that “it was the Legislature that had discussions on that state of affairs.”

“The concept that someway I channeled this choice by means of the Ninth Circuit Courtroom, and someway I channeled this choice — it’s sort of flattering if individuals assume I’ve that a lot energy,” he stated.

Requested if Dunleavy had collected any massive contributions for his marketing campaign, spokesman Andrew Jensen stated he didn’t have entry to fundraising particulars.

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Whereas Gara is soliciting five-figure contributions, he additionally declined to say whether or not he’d obtained any, although he pressured that he’s supported donation limits for his decades-long political profession.

“I’m a man who doesn’t imagine in taking pictures at anyone for no good cause, but when anyone pulls out a gun, I suppose I’ve to have a gun,” he stated. “I’ve to play by these horrible, pathetic guidelines, and I now need to ask individuals to donate as a lot as they will.”

Walker, the unbiased, stated he additionally helps marketing campaign contribution limits.

“We stay up for choosing it up on Day 1, and fixing what must be fastened,” he stated in a telephone interview.

Walker, too, declined to share particulars of any massive donations to his marketing campaign, saying he would reveal them when required by state regulators, in July.

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However Brena, the legal professional who labored on the lawsuit to overturn the contribution limits, acknowledged that he’d written a $25,000 examine to Walker, who used to work at Brena’s regulation agency.

“I used to contribute by means of unbiased expenditure teams,” Brena stated. “And now, I’m contributing instantly.”

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Finance

Trends in residential solar finance, equipment and maintenance

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Trends in residential solar finance, equipment and maintenance

Solar informational site SolarReviews released its annual survey, sharing results gathered from a group mostly represented by residential solar installers, as well as commercial installers, equipment providers, and utility-scale installers. SolarReviews operates a Solar Calculator that enables prospective customers to have a snapshot of the benefits of adding solar to their roof based on customized data for their area.

Finance 

With higher financing costs industry-wide, 54% of U.S. installers said customers were less likely to take a solar loan over the past year, while cash deals are up. About 49% of sales reported were cash deals, while 41% were loans. HELOC, PACE loans, power purchase agreements, and leases combined for 10% of reported solar sales. 

The top financing providers used were Credithuman (15%), Mosaic (14%), Sunlight Financial (9%),Dividend (8%), and Clean Energy Credit Union (8%). 

Typical loans for loaned systems varied widely depending on whether dealer fees were assigned. Average terms are seen below. 

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Image: SolarReviews

Heightened cost of finance has pressed the residential solar industry. About half (49%) of installers said demand went down in 2023 versus 2022.

In California, where rates paid for exporting solar production to the grid were slashed by about 80%, about 69% of installers reported lower sales in California in 2023 versus 2022. However, 68% of installers reported including battery energy storage with their solar installation, about double the national average. Installers report a median payback period of eight years for solar systems with a battery, while standalone solar systems have a longer median payback period of about 10 years.

California was not the only state to cut rates for solar exports, a process known as net metering. Georgia, Arizona, Kansas, Arkansas, and Wisconsin all noted an increase in installed systems not tied to a net metering agreement.

Top products

As for the top equipment brands in residential solar, SolarReviews surveyed installers based on five criteria of performance and quality, brand name reputation, product warranty, pricing, and product availability from distributors. Based on the five criteria, SolarReviews listed Qcells as the top performing panel brand.

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Installers said the top five most-used panels were Qcells (53%), REC (41%), Canadian Solar (35%), Mission Solar (29%), and JinkoSolar (20%). About 19% of solar installers offer one panel brand, while the majority provide alternative options to meet the needs of their customers.

For inverters, the top five most-used were Enphase (62%), SolarEdge (43%), SMA (23%), Sol-Ark (21%), and Tesla (21%). Tesla made a notable leap up into the top five, gaining a larger market share than Fronius and Generac.

Enphase was also listed as the most commonly used battery energy storage provider, offered by 46% of installers. This was followed by Tesla (42%), SolarEdge (35%), FranklinWH (29%), and Fortress Power (18%). A sizeable market share was also held by SunPower, Generac, LG Energy Solution, and HomeGrid.

Image: SolarReviews

Maintenance

Given that solar is often a 25-year investment, post-installation services are a critical feature in a solar agreement. About 96% of installers have access to system monitoring, while 63% said they proactively check their customers’ installations at least once per quarter to ensure they are working.

The most common reasons for service, in order, were inverter hardware failures and replacement, inverter software and setup issues, battery software updates, communications and monitoring fixes, roof leaks, battery hardware failure or replacement, wiring issues, and broken or underperforming panels.

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“Fortunately, when issues do occur, they are often covered by some type of warranty, leaving only 15% of cases where the customer is responsible for repair costs,” said SolarReviews.

Image: SolarReviews

Outlook

The residential solar industry looks to recover from a rocky 2023, where growth was slowed by high finance costs and unfavorable policy changes like the reduction of net metering rates.

“Some solar businesses are still reeling from the events of 2023. 22% of solar businesses say they have concerns that make them unsure whether they can stay in business in the coming six months,” said SolarReviews.

Despite this uncertainty, residential solar installers appear to have a good outlook for 2024. About 54% of surveyed installers said they expect to sell more solar in 2024, and an additional 23% said they think they will be able to maintain the same level of business next year.

Notably, surveyed installers listed pv magazine as the top trusted media platform for solar news and analysis, with 52% responding we are the preferred source. The marks the second year in a row as the most-trusted media source. We thank you for your continued readership.

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This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

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Crow Wing County is nationally recognized for financial reporting

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Crow Wing County is nationally recognized for financial reporting

BRAINERD — For the 10th consecutive year, Crow Wing County was awarded the Certificate of Achievement for Excellence in Financial Reporting and the Award for Outstanding Achievement in Popular Financial Reporting.

The Certificate of Achievement is the highest form of recognition in the area of governmental and financial reporting. The honor is given out by the Government Finance Officers Association of the United States and Canada.

The Certificate for Excellence in Financial Reporting was awarded to Crow Wing County for its 2022 Comprehensive Annual Financial Report compiled in 2023.

The award represents a significant accomplishment by a government and its management, the county noted in a news release.

“This is a testament to the type of work that is being done in our Finance Department,” said Finance Director Nancy Malecha. “This award recognizes our commitment in ensuring that our financial data and information is reported accurately, timely and provides transparency that the taxpayers of Crow Wing County deserve.”

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Crow Wing County is one of only 16 counties in Minnesota to have earned this award.

The Award for Outstanding Achievement in Popular Financial Reporting was awarded to Crow Wing County for its 2022 Popular Annual Financial Report.

The annual report extracts information from the Comprehensive Annual Financial Report and summarizes the financial position of the county in a simple, easy to read format. Crow Wing County is one of five counties in Minnesota that have received the national award.

Financial reports are available on the Crow Wing County website at

www.crowwing.gov/771/Financial-Statements

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Hi, I’m the Brainerd Dispatch. I started working a few days before Christmas in 1881 and became a daily paper two years later. I’ve gone through a lot of changes over the years, but what has never changed is my commitment to community and to local journalism. I’ve got an entire team of dedicated people who work night and day to make sure I go out every morning, whether in print, as an e-edition, via an app or with additional information at www.brainerddispatch.com. News, weather, sports — videos, photos, podcasts and social media — all covering stories from central Minnesota about your neighbors, your lakes, your communities, your challenges and your opportunities. It’s all part of the effort to keep people connected and informed. And we couldn’t do it without support.

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Tata Motors’ subsidiaries – TPEM and TMPV join hands with Bajaj Finance, offers financing program for authorized passenger and electric vehicle dealers – Tata Motors

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Tata Motors’ subsidiaries – TPEM and TMPV join hands with Bajaj Finance, offers financing program for authorized passenger and electric vehicle dealers – Tata Motors

Press release -
May 20, 2024


Tata Motors’ subsidiaries – TPEM and TMPV join hands with Bajaj Finance, offers financing program for authorized passenger and electric vehicle dealers


Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM) join hands with Bajaj Finance to offer financing program for authorized passenger and electric vehicle dealers. In the image, Mr. Dhiman Gupta, Chief Financial Officer, Tata Passenger Electric Mobility Ltd. and Director, Tata Motors Passenger Vehicles Ltd. and Mr. Siddhartha Bhatt, Chief Business Officer, Bajaj Finance Ltd. at the MoU signing in Mumbai.

In a bid to improve options and ease of financing for the dealers, Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM) – subsidiaries of Tata Motors, India’s leading automotive manufacturer, have joined hands with Bajaj Finance, part of Bajaj Finserv Ltd., one of India’s leading and most diversified financial services groups, to extend supply chain finance solutions to its passenger and electric vehicle dealers. Through this memorandum of understanding (MoU), the participating companies will come together to leverage Bajaj Finance’s wide reach to help dealers of TMPV and TPEM access funding with minimal collateral.

The MoU for this partnership was signed by Mr. Dhiman Gupta, Chief Financial Officer, Tata Passenger Electric Mobility Ltd. and Director, Tata Motors Passenger Vehicles Ltd. and Mr. Siddhartha Bhatt, Chief Business Officer, Bajaj Finance Ltd.

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Commenting on the partnership, Mr. Dhiman Gupta, Chief Financial Officer, Tata Passenger Electric Mobility Ltd. and Director, Tata Motors Passenger Vehicles Ltd., said, “Our dealer partners are integral to our business, and we are happy to actively work towards solutions to help them in ease of doing business. Together, we aim to further grow the market and offer our New Forever portfolio to an increasing set of customers. To that effect, we are excited to partner with Bajaj Finance for this financing program, which will further strengthen the access of our dealer partners to increased working capital.”

Speaking on this partnership, Mr. Anup Saha, Deputy Managing Director, Bajaj Finance Ltd, said, “At Bajaj Finance, we have always strived to provide best-in-class processes by using the India stack for financing solutions that empower both individuals and businesses. Through this financing program, we will arm TMPV and TPEM’s authorized passenger and electric vehicle dealers with financial capital, which will enable them to seize the opportunities offered by a growing passenger vehicles market. We are confident that this collaboration will not only benefit dealers but also contribute to, and enhance the growth of, the automotive industry in India.”

TMPV and TPEM have been pioneering the Indian automotive market with its groundbreaking efforts it both ICE and EV segments. The company’s overarching New Forever philosophy has led to the introduction of segment leading products which are being appreciated by consumers at large.

Bajaj Finance is one of the most diversified NBFCs in India with presence across lending, deposits and payments, serving over 83.64 million customers. As of March 31, 2024, the company’s assets under management stood at ₹3,30,615 crore.

Media Contact Information: Tata Motors Corporate Communications: [email protected] / 91 22-66657613 / www.tatamotors.com

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