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shaledirectory · 6 years ago

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“Don’t Worry, It’s An Asset” Lt. Governor Kathy Hochul Tells Tesla Skeptics

Tom Shepstone Shepstone Management Company, Inc.

…

Kathy Hochul, New York’s especially obsequious Lieutenant Governor says there’s no need to worry about Tesla or the Buffalo Billion mess. “It’s an asset.”

There’s been a slew of news recently about the Tesla/SolarCity and Buffalo Billion scandal. New York’s Lieutenant Governor says there’s no need to worry, though:

Lieutenant Governor Hochul, while saying they were holding Tesla to its promises of job creation, defended the construction of the factory.

“This is a place that was an abandoned steel plant for decades,” she said. “There is life over there and it’s bringing back the neighborhood.”

Hochul added that in the event of a worst-case scenario – the bottoming out of Tesla – the factory could be repurposed for another business. She told reporters Friday the facility is not a Tesla property but rather a “state asset.”

Alrighty, then. Everybody put a smile on their face, vote and go back to what you’re doing. New York State is in such great shape with such magnificent leadership.

A loyal reader who’s been following the SolarCity/Tesla debacle unfold over the last few years just sent me links to numerous stories on it. They document the long slow melting of Andrew Cuomo’s dream of transforming his state into a big friendly green monster. All that’s left at this point is a green puddle of water dirtied by the endemic corruption of the Cuomo administration, Lt. Governor Kathy Hochul being right there along side Governor Corruptocrat.

The WBFO story quoted above lays out much of the debacle (emphasis added):

Anthony Ogorek of Ogorek Wealth Management in Williamsville says while Musk is a genius and a visionary, people who think as Musk does tend to act differently and get their ventures in trouble. He pointed out the original SolarCity business model, which was to produce and then lease solar panels and components to customers. Many, he tells WBFO, discovered better deals by simply buying the panels.

It’s just one of several turns since work began on the SolarCity factory, the largest investment in Governor Andrew Cuomo’s Buffalo Billion program. SolarCity was subsequently acquired by Tesla.

“The question is, did Tesla buy the company because SolarCity was rapidly going down the tubes? The answer is probably yes,” Ogorek said. “What you’ve got is a cash-starved company, which is Tesla, buying another company – Solar City – which was going down.”

Ogorek added that Tesla had no prior manufacturing experience, hence the addition of Panasonic to the Buffalo facility.

He criticizes the construction of that giant factory as “irresponsible” and an “ill-conceived scheme” by the Cuomo Administration that was motivated by a desire to win votes.

No kidding. There’s also this from WIVB:

Some analysists thought it was a head scratcher when Tesla purchased SolarCity in November 2016 for $2.6 billion.

In fact, shareholders showed their disapproval by filing a class-action lawsuit charging that Tesla’s board breached its fiduciary duties.

“SolarCity is the vast majority of Tesla’s debt and the fact that the automotive business, if that would succeed, does not necessarily mean that the Tesla Energy (SolarCity) would succeed,” Nesper said.

Since Tesla purchased SolarCity, the rate of solar production has slowed drastically.

Consider that before the sale, SolarCity deployed 253 megawatts of solar energy, a high mark in the fourth quarter of 2015.

Since Tesla bought the company, the deployment has fallen sharply, with the low-point being in the first quarter of this year at 76 megawatts. Imported solar panel tariffs imposed by the Trump Administration could further erode the industry, analysts said.

This past quarter, however, Tesla reported an uptick of 11 percent in solar energy generation systems, but the megawatts produced remains a third of the largest output when SolarCity was at the helm. Tesla has installed only a few hundred solar roofs.

These may not be the most important stats, though. Consider these from Forbes:

Tesla’s energy storage and generation unit, which includes sales of Powerwalls and other storage products as well as the SolarCity lines, accounted for 9.4% of Tesla’s revenues in the second quarter, but only 7.1% of consolidated gross profit. Layering in overhead costs and subtracting energy storage, it’s clear that the business formerly known as SolarCity is a money loser for Tesla, which, as most know, is already running an unprofitable carmaking business.

Yet, SolarCity’s debt represents an outsized proportion of Tesla’s capital structure. “Old” SolarCity paper accounted for 13.1% of Tesla’s $7.7 billion in corporate recourse debt as of June 30th, and, by my calculations, accounted for nearly 90% of the $3.2 billion in long-term debt Tesla classifies as non-recourse…

So, despite a $750 million investment from the State University of New York’s Research Foundation, it would appear that Gigafactory 2 is off to a disappointing start. An investor in a Tesla go-private transaction would have to come to terms with the fact that a massive manufacturing facility in Buffalo–and its contingent liabilities–comes with that purchase.

And, finally, there’s this from Reuters:

Repeated hold-ups since the Buffalo, New York plant opened last year have forced Tesla’s partner in the joint venture, Panasonic (6752.T), to seek other buyers for the components it had built to sell to Tesla, according to a Panasonic employee, a former Panasonic employee and a former Tesla employee. The issues have also rattled the faith of state officials in Tesla’s ability to deliver on investment and employment promises it made in exchange for $750 million in state subsidies…

Some New York state lawmakers worry Tesla may fail to hold up its end of the bargain. The state provided $350 million to build the factory, along with $274.7 million for equipment and $125.3 million “for additional specified scope costs,” according to a Tesla filing with the Securities and Exchange Commission.

But, hey, Kathy Hochul isn’t worried. It’s a state asset, after all. I’m sure they can put someone else in the building for free, sell the equipment at 10¢ on the dollar to some other down and out solar business and just write off those “additional specified scope costs.” This is the story of a corrupt New York and an industry that is pure corporatism by definition. And, Andrew Cuomo and Kathy Hochul (deeply embedded in the Buffalo Billion fiasco herself) are both in the thick of it. They sold out the Southern Tier and they used Buffalo as an opportunity for graft at public expense.

The post “Don’t Worry, It’s An Asset” Lt. Governor Kathy Hochul Tells Tesla Skeptics appeared first on Natural Gas Now.

https://www.shaledirectories.com/blog/dont-worry-its-an-asset-lt-governor-kathy-hochul-tells-tesla-skeptics/

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roofingcontractordepot · 7 years ago

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Find Affordable Roof Repair in Tazewell Virginia 24651

Find Affordable Roof Repair in Tazewell Virginia 24651. Leaking roof? We fix roof leaks and replace roofs in Virginia. Our 100% guarantee on the workmanship and quality of our repairs. Call today for a FREE inspection.

Only takes about 30-60 mins to inspect. We have a skilled crew that does good workmanship for a affordable price.

Think you might need a roof repair? Then, you’d better fix it immediately, even if it doesn’t bother you much or you’re buying a brand new roof next year. Even after a short time, little leaks will lead to bigger problems, like mold, rotted house frame and sheathing, destroyed insulation and damaged ceilings.

If You Want to Attempt and Find the Roof Leak On Your Own…Some Pointers!

First place to look for leaks is by going into one’s attic one day during the weekend and look for signs of wet spots, mold and mildew, funky smell, or deterioration of the wood rafters.

These are tell tale indications of a leaky roof, the most apparent thing is standing puddles and water leaking from a break in your roof. If it’s not raining, also you could run your hose across your roof to see if water comes through the roof or ceiling.

Typical Roof Leak Repair Costs in Virginia

The table below reveals exactly the cost of residential roof repairs and where wet spots is most frequently to be found by roofing material type:

Major water damage can cause a roof problem to change the project from a simple roof repair to having to replace the roof. One other factor that can effect the price is whether your roof has chimneys or skylights.

That can increase the price of the undertaking, as a roof repair contractor you’ll need to work around them. The cost of repairing flashing around the waterproofing can be between $200 to $500, while the area around the window can average anywhere between $300 and $500.

One more alternative to keep the price of repairs down would be by installing asphalt shingles over your existing roof instead of replacing it, but this is usually minimizes its years of protection by twenty pct.

Different Types of Roofing Materials

roof shingles

asphalt roof

clay roof

metal roof

solar roof

Ready to Hire Affordable Roof Roof Repair in Tazewell.

Before hiring any affordable roofing company, the National Roofing Contractors Association (NRCA) proposes that you ask to see a copy of the roofer’s proof of insurance protection as well as business license.

Note: We handle all of the Tazewell Virginia Permits for Roof Repairs

Example: A permit to fix a rooftop on a 1,450-square-foot home costs between $160 and $500.

Find Affordable Roof Repair in Tazewell Virginia 24651. A good roof replacement company should know about of any neighborhood building codes, that could include the different types of roofing shingles allowable in a particular area or policy about underlay.

Do-It-Yourself Youtube video: Best Tips Tips on How to Fix Your Home’s Roof

Resources: affordable roof repair in Tazewell Virginia 24651 https://en.wikipedia.org/wiki/Roofer

Search for Roofing Contractors

Find Affordable Roofing in Seabrook South Carolina 29940 Find Affordable Roofing in Seabrook South Carolina 29940. Leaking roof? We repair roof leaks and replace roofs in South Carolina. Our guarantee on the workmanship and quality of our […]

Find Affordable Roofing in Ridgeland South Carolina 29936 Find Affordable Roofing in Ridgeland South Carolina 29936. Got a roof leak? We fix roof leaks and do roof replacements in South Carolina. Our guarantee on the quality and workmanship of […]

Find Affordable Roofing in Lynchburg Virginia 24502 Find Affordable Roofing in Lynchburg Virginia 24502. Leak in the roof? We repair roof leaks and do roof replacements in Virginia. Our 100% guarantee on the workmanship and quality of our […]

Find Affordable Roofing in Williamsville Virginia 24487 Find Affordable Roofing in Williamsville Virginia 24487. Leak in the roof? We repair roof leaks and replace roofs in Virginia. Our 100% guarantee on the quality and workmanship of our […]

from RoofRepair360.com http://roofrepair360.com/affordable-roof-repair-in-tazewell-virginia-24651?

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roofrepair360 · 7 years ago

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Find Affordable Roof Repair in Vansant Virginia 24656

Find Affordable Roof Repair in Vansant Virginia 24656. Got a roof leak? We fix roof leaks and replace roofs in Virginia. Our 100% guarantee on the workmanship and quality of our repairs. Call for a FREE roof inspection.

Roof inspections takes about 30-60 mins. We have a skilled crew that does good workmanship for a affordable price.

Think you might need a roof repair? Then, you’d better fix it immediately, even if it doesn’t bother you much or you’re buying a new roof next year. Even after a short time, small roof leaks will lead to bigger problems, like mold, rotten house frame and sheathing, molded insulation and damaged ceilings.

If You Want to Try and Locate the Leak Yourself…Some Pointers!

First place to look for leaks is by entering your attic one day during the weekend and look for signs of moisture content, mildew and mold, funky smell, or rotting wood rafters.

These are tell tale indications of a leaky roof, the most apparent thing is water spots and water leaking straight through your roof. If it’s not raining, also you can run your hose across your roof to see if any of the water comes through the roof or ceiling.

Typical Roof Leak Repair Costs in Virginia

The table beneath reveals exactly the cost of residential roof repairs and where moisture is usually located by roofing material type:

Major water damage can cause a roof problem to change the project from a simple roof repair to a roof replacement. One other thing that can effect the cost is whether your house has chimneys or skylights.

That can increase the price of the undertaking, as a roof repair company you’ll need to work around them. The price of repairing flashing around the waterproofing can be between $200 to $500, while the area around the window can price between $300 and $500.

Another way to keep costs down would be by installing asphalt shingles on top of your present roof top instead of replacing it, but this generally minimizes its life of protection by twenty percent.

Various of Roof Materials

roof shingles

asphalt roof

clay roof

metal roof

solar roof

Ready to Hire Affordable Roof Roof Repair in Vansant.

Let’s start from the beginning before hiring any affordable roofing company, the National Roofing Contractors Association (NRCA) suggests that you ask to see a copy of the roofer’s proof of insurance protection as well as business license.

Note: We handle all of the Vansant Virginia Permits for Roof Repairs

Example: A permit to fix a rooftop on a 1,450-square-foot house costs runs between $160 and $500.

Find Affordable Roof Repair in Vansant Virginia 24656. A good roof replacement company should know about of any neighborhood building codes, which might include the different types of asphalt shingles allowed in a particular area or policy about underlay.

Great Video: Suggested Tips on How to Repair Your Home’s Roof

Resources: affordable roof repair in Vansant Virginia 24656 https://en.wikipedia.org/wiki/Roofer

Search for Roofing Contractors

Find Affordable Roofing in Boissevain Virginia 24606 Find Affordable Roofing in Boissevain Virginia 24606. Got a roof leak? We repair roof leaks and do roof replacements in Virginia. Our guarantee on the workmanship and quality of our work. […]

from RoofRepair360.com http://roofrepair360.com/affordable-roof-repair-in-vansant-virginia-24656?

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roofingcontractordepot · 7 years ago

Text

Find Affordable Roof Repair in Vansant Virginia 24656

Roof inspections takes about 30-60 mins. We have a skilled crew that does good workmanship for a affordable price.

If You Want to Try and Locate the Leak Yourself…Some Pointers!

First place to look for leaks is by entering your attic one day during the weekend and look for signs of moisture content, mildew and mold, funky smell, or rotting wood rafters.

Typical Roof Leak Repair Costs in Virginia

The table beneath reveals exactly the cost of residential roof repairs and where moisture is usually located by roofing material type:

Another way to keep costs down would be by installing asphalt shingles on top of your present roof top instead of replacing it, but this generally minimizes its life of protection by twenty percent.

Various of Roof Materials

roof shingles

asphalt roof

clay roof

metal roof

solar roof

Ready to Hire Affordable Roof Roof Repair in Vansant.

Note: We handle all of the Vansant Virginia Permits for Roof Repairs

Example: A permit to fix a rooftop on a 1,450-square-foot house costs runs between $160 and $500.

Great Video: Suggested Tips on How to Repair Your Home’s Roof

Resources: affordable roof repair in Vansant Virginia 24656 https://en.wikipedia.org/wiki/Roofer

Search for Roofing Contractors

from RoofRepair360.com http://roofrepair360.com/affordable-roof-repair-in-vansant-virginia-24656?

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roofrepair360 · 7 years ago

Text

Find Affordable Roof Repair in Tazewell Virginia 24651

Only takes about 30-60 mins to inspect. We have a skilled crew that does good workmanship for a affordable price.

If You Want to Attempt and Find the Roof Leak On Your Own…Some Pointers!

First place to look for leaks is by going into one’s attic one day during the weekend and look for signs of wet spots, mold and mildew, funky smell, or deterioration of the wood rafters.

Typical Roof Leak Repair Costs in Virginia

The table below reveals exactly the cost of residential roof repairs and where wet spots is most frequently to be found by roofing material type:

Different Types of Roofing Materials

roof shingles

asphalt roof

clay roof

metal roof

solar roof

Ready to Hire Affordable Roof Roof Repair in Tazewell.

Note: We handle all of the Tazewell Virginia Permits for Roof Repairs

Example: A permit to fix a rooftop on a 1,450-square-foot home costs between $160 and $500.

Do-It-Yourself Youtube video: Best Tips Tips on How to Fix Your Home’s Roof

Resources: affordable roof repair in Tazewell Virginia 24651 https://en.wikipedia.org/wiki/Roofer

Search for Roofing Contractors

from RoofRepair360.com http://roofrepair360.com/affordable-roof-repair-in-tazewell-virginia-24651?

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roofrepair360 · 7 years ago

Text

Find Roof Repair in Whitewood VA

Find roof repair in Whitewood VA. Leak in the roof? We repair roof leaks and replace roofs in VA. Our 100% guarantee on the workmanship and quality of our work. Call for a FREE inspection.

Only takes about 30-60 mins to inspect. With skilled crews that does good workmanship for a affordable price.

If you have a roof leak, you’d better fix it immediately, even if it doesn’t bother you much or you’re buying a new roof next year. Even over a short time, little leaks can lead to bigger leaks, such as mold, rotten house frame and sheathing, molded insulation and damaged ceilings.

If You Want to Attempt and Find the Leak Yourself…Some Tips!

First place to look for leaks is by going into one’s attic on a rainy day and in search of warning signs of wet spots, mildew and mold, scent, or deterioration of the wood rafters.

These are tell tale signs of a problem, the most apparent thing is standing puddles in addition to water leaking from a break in your roof. If it’s not raining, also you could get your garden hose and spray on the roof to find out if water comes through the roof or ceiling.

Typical Cost of Roof Replacement in VA

The table beneath reveals exactly the cost of residential roof repairs and where wet spots is most frequently to be found by roofing material type:

Major water damage can also change the job from a roof repair to having to replace the roof. One other thing that can effect the price is whether your roof has chimneys or skylights.

That can increase the price of the undertaking, as a roofing contractor you’ll need to work around them. The cost of fixing flashing around the warerproofing can vary from $200 to $500, while the area around the window can average anywhere between $300 and $500.

Another way to keep the price of repairs down would be by installing asphalt shingles on top of your existing roof instead of replacing it, but this generally reduces its life of protection by 20%.

Different Types of Roofing Materials

roof shingles

asphalt roof

clay roof

metal roof

solar roof

Ready to Hire a Roof Repair in Whitewood VA.

Note: We handle all of the Whitewood Permits for Roof Repairs

Example: A permit to fix a rooftop on a 1,350-square-foot home costs runs between $150 and $400.

Find a reliable and licensed roofing company in Whitewood Virginia 24657. Any good roofing company should also be aware of any neighborhood building codes, which might include the kinds of roofing shingles allowed in a particular area or policy about underlay.

Good Video: Best Tips Tips on How to Repair a Roof

Resources: roof repair in Whitewood VA https://en.wikipedia.org/wiki/Roofer

Search for Roofing Contractors

Find Roof Repair in Wolford VA Find roof repair in Wolford VA. Leaking roof? We fix roof leaks and do roof replacements in VA. Our 100% guarantee on the quality and workmanship of our repairs. Call for a FREE […]

Find Affordable Roofing in Millboro Virginia 24460 Find Affordable Roofing in Millboro Virginia 24460. Leak in the roof? We fix roof leaks and replace roofs in Virginia. Our 100% guarantee on the workmanship and quality of our repairs. […]

from RoofRepair360.com http://roofrepair360.com/roof-repair-in-whitewood-va?

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roofingcontractordepot · 7 years ago

Text

Find Roof Repair in Whitewood VA

Find roof repair in Whitewood VA. Leak in the roof? We repair roof leaks and replace roofs in VA. Our 100% guarantee on the workmanship and quality of our work. Call for a FREE inspection.

Only takes about 30-60 mins to inspect. With skilled crews that does good workmanship for a affordable price.

If You Want to Attempt and Find the Leak Yourself…Some Tips!

First place to look for leaks is by going into one’s attic on a rainy day and in search of warning signs of wet spots, mildew and mold, scent, or deterioration of the wood rafters.

Typical Cost of Roof Replacement in VA

The table beneath reveals exactly the cost of residential roof repairs and where wet spots is most frequently to be found by roofing material type:

Major water damage can also change the job from a roof repair to having to replace the roof. One other thing that can effect the price is whether your roof has chimneys or skylights.

Another way to keep the price of repairs down would be by installing asphalt shingles on top of your existing roof instead of replacing it, but this generally reduces its life of protection by 20%.

Different Types of Roofing Materials

roof shingles

asphalt roof

clay roof

metal roof

solar roof

Ready to Hire a Roof Repair in Whitewood VA.

Note: We handle all of the Whitewood Permits for Roof Repairs

Example: A permit to fix a rooftop on a 1,350-square-foot home costs runs between $150 and $400.

Good Video: Best Tips Tips on How to Repair a Roof

Resources: roof repair in Whitewood VA https://en.wikipedia.org/wiki/Roofer

Search for Roofing Contractors

from RoofRepair360.com http://roofrepair360.com/roof-repair-in-whitewood-va?

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