VELCO applauded for workplace safety and health efforts

first_imgMEDIA RELEASEAugust 3, 2005Contacts:VELCODavid Mace, Process Owner, External CommunicationsPhone: (802) 770-6367Pager: (802) 742-3250Vermont Department of LaborScott Meyer, Program Manager Project WorkSAFE1-888-SAFE-YES (1-888-723-3937)VELCO applauded for workplace safety and health effortsFor Immediate Release: Aug. 3, 2005RUTLAND, Vt. Vermonts electric transmission utility has become the fourth Vermont company to be federally recognized for its safety efforts, the Vermont Department of Labor announced Wednesday.The Vermont Electric Power Co., Inc., also known as VELCO, formally joined the federal Safety and Health Achievement Recognition Program (SHARP) during a ceremony at the companys Rutland headquarters.This certification is indeed an honor, and Im very proud of the VELCO team for their work in helping achieve the SHARP designation, said VELCO president and chief executive officer John Donleavy. In my 25-plus years in the electric utility industry, I have made a commitment to putting safety first one of my personal priorities. No team is successful no matter what business results are achieved if anyone gets injured.The formal letter of certification was presented by Vermont Department of Labor Commissioner Pat McDonald.Acceptance into SHARP is an achievement of status that recognizes VELCO as a model employer for worksite safety and health, McDonald said. VELCO is the fourth Vermont employer to receive such an award. We hope that with the example VELCO and the other three employers are setting, we will be able to welcome more Vermont companies into SHARP SHARP is after all about recognizing the importance and benefits of workplace safety and health.The accreditation marks the end of a rigorous 15-month collaboration with Project WorkSAFE, Vermonts Occupational Safety and Health Consultation Program.We applaud the employees and management of VELCO in this accomplishment. We must realize that their staff works in all types of weather in a variety of harsh environments and at fixed locations in an inherently dangerous occupation, said Scott Meyer, Director of Project WorkSAFE. To be conducting this type of work while maintaining a safe workplace speaks very well to the caliber and commitment of staff at VELCO. They have a lot to be proud of and we hope that other Vermont employers will follow in their lead.Donleavy said that as part of the companys strategic plan it had implemented new safety programs aimed not only at field workers but also at its office personnel, and promoting safety and health at home as well.As we move forward with constructing our infrastructure improvement projects, VELCO wants its associates to be as successful and productive as they can be, and that means enabling them to work safely and remain healthy wherever they are, he said. Its not just good for business. Its the right thing to do.The SHARP program is a nationally recognized program implemented by states under Federal OSHA. The SHARP program recognizes small, high-hazard businesses with exemplary safety and health programs.Upon receiving SHARP certification, the workplace will be exempt from programmed inspections during the period that the SHARP certification is valid. Currently there are 777 firms in the United States and 36 in New England with the SHARP certification.Ryegate Associates, a wood-fired electric generating facility was the first Vermont SHARP company; the second was DEW Construction, and the third Green Mountain Powers Western Division.For further information about the SHARP program or Project WorkSAFE, please visit the Department of Labor and Industry website: www.state.vt.us/labind(link is external).Founded in 1956, VELCO is the Vermont Electric Power Co., Inc., the Rutland-based company that builds, owns, maintains and operates the states high-voltage electric transmission system. That system consists of some 600 miles of power lines ranging from 115,000 volts to 450,000 volts and 25 substations, as well as other equipment and a sophisticated fiber optic monitoring and control system.The company does not own any generating plants or the distribution lines that bring power to individual homes and businesses. VELCO is a private company owned by the states retail utilities, investor-owned, municipal and cooperative. It employs almost 100 people.###last_img read more

CUNA continues reg relief push during CFPB leader transition

first_img continue reading » CUNA is closely monitoring the leadership situation at the Consumer Financial Protection Bureau (CFPB), and will continue its work to push for regulatory relief for credit unions during the transition process.CFPB Director Richard Cordray named Leandra English deputy director before resigning Friday, and indicated English would become acting director upon his resignation. However, President Donald Trump named Office of Management and Budget Director Mick Mulvaney as interim head of the bureau Friday.“CUNA is committed to working with CFPB leadership to address concerns over the bureau’s one-size-fits-all style of rulemaking and to move towards an approach that recognizes the consumer protections credit unions provide, while continuing to address abusers of consumers,” said CUNA President/CEO Jim Nussle. “The fact that there is even a shadow of doubt about who is succeeding Richard Cordray as director is strong evidence that the current CFPB leadership structure is flawed. If there was a commission in place at the CFPB, this would not be an issue at all.” 18SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Know the rules on holiday gifts

first_imgYour credit union’s offices soon (if they aren’t already) will be full of cards, chocolates, cookies, fruitcakes, and maybe tickets to the “concert of the year.” Can you accept these? Do you know when you might need to say “no thank you”?Now is a good time to review your credit union’s Bank Bribery Act policy. The act applies to all credit unions with accounts insured by the National Credit Union Share Insurance Fund.The National Credit Union Administration (NCUA) issued Interpretive Ruling and Policy Statement (IRPS) No. 87 in 1987 to provide federally insured credit unions with Bank Bribery Act guidelines. IRPS 87-1 gives credit unions some background on the act and recommends procedures to ensure compliance.Per the Justice Department:Under either 18 U.S.C. § 215(a) or (b), if the item offered or given is greater than $1,000 in value, the offense is a felony punishable by up to 30 years imprisonment and/or a fine of up to $1,000,000 or three times the value of the bribe or gratuity, whichever is greater. If the item of value is $1,000 or less, the offense is a misdemeanor punishable by imprisonment of up to one year and/or a similar fine. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more