Oppd secured retention pay for fort calhoun employees before board voted to shut down the plant _ money _ omaha. com

The retention bonuses amount to about $12.3 million the utility will pay to the 141 employees by July 2019. Electricity for beginners pdf They come on top of severance payments related to the closing of the plant that total about $9 million for this group alone — or about $64,000 for each eligible plant employee, on average, based on a formula that considers how long someone has worked for the utility.

1. Hp gas online booking phone number Why did the utility sign the bonus agreements to keep workers at the nuclear plant even before its board had voted to actually close the plant?

3. Electricity lesson plans middle school Why did the retention agreements not include an “out” clause that would have rescinded the agreements if the OPPD board had voted to keep the plant open? As the contracts were written — and signed — the utility would have been on the hook to pay the bonuses even if the board had voted to keep Fort Calhoun churning out power.

4. Gas oil ratio 50 to 1 And how hot is the jobs market for nuclear professionals, anyway? It is an industry that has seen five plant shutdowns throughout the U.S. National gas average 2012 in the past five years that will lead to pink slips for 5,000 workers. Electricity use In other words, were retention bonuses needed for employees in an industry on the decline?

The utility says even without the board’s formal vote to close the plant, front-line workers knew that the utility’s top brass were pushing a plan to close Fort Calhoun. Electricity tattoo designs It was all done in the open — in public meetings.

The utility needed to keep its key staff from abandoning ship amidst those discussions, said Mart Sedky, OPPD’s division manager of human resources. Electricity flow diagram After all, it’s operating a nuclear power plant — where safety is paramount — not producing widgets. Gas apple pay A certain amount of staff needs to be there to ensure safe operation.

The utility’s management presented to the board of directors its recommendation to shut down Fort Calhoun on May 10. Gas nozzle icon “We knew a lot of people would take that as a sign they needed to start looking for other employment,” Sedky said — even if a shutdown wouldn’t be final until the board voted on June 16.

The six-figure retention bonuses took effect for the group of nine top Fort Calhoun managers May 20, eight days after OPPD President and Chief Executive Tim Burke recommended to the board that the plant be shut down.

Similar 18-month retention agreements benefiting almost 100 more reactor operators, supervisors and managers were dated June 1, 15 days before the board voted to shut down the plant. Chapter 7 electricity and magnetism Another batch of about 40 agreements was dated Aug. Electricity grounding works 1.

OPPD board members contacted by The World-Herald said they had talked about the need to keep qualified workers at Fort Calhoun, but were unaware contracts had been signed before the June board vote. Gas national average 2009 On retention bonuses on top of severance

Retention bonuses were needed on top of the severance pay that would come if the utility voted to close the plant because for some employees, severance wouldn’t be enough to get them to stay, Sedky said.

“A good portion of our employees have less than five years service,” she said in response to questions from The World-Herald about the severance packages, which average about $64,000 per employee. Gas in oil car “Since severance is tied to service, for those employees, the severance payment is not what they would consider substantial enough to stay with the district.”

According to a World-Herald analysis of OPPD figures, a total of 47 employees, or exactly one-third of those with retention agreements, have been with OPPD for five years or less. Gas relief for babies home remedy The rest of the group has an average tenure of 15 years with the company.

Payments for the top nine range from a high of $202,510 over three years for site training manager Timothy Uehling, who has been with OPPD since 1998, to $131,683 for manager of site security Herbert Childs, a 30-year OPPD veteran. Electricity kwh cost In all nine instances the total potential retention payout equals 90 percent to 109 percent of their 2015 salaries.

If each of the nine employees stays with OPPD through the three-year retention term he’ll take home an average of about $262,000 in combined retention and severance payments, or about $2.4 million collectively. T gasthuys On the lack of an ‘out’ clause

Three local attorneys contacted by The World-Herald questioned the prudence of omitting a contingency that would have precluded OPPD from paying retention incentives if the board voted to keep the plant open.

Stephen Bruckner, the utility’s lead lawyer with the Fraser Stryker law firm, said OPPD would still have needed to keep its top employees at the plant, no matter how the board voted. Electricity lessons ks1 That meant an out clause that would have rescinded the retention bonuses was unnecessary, he said.

“I don’t know if it would be common to include” such a provision, Bruckner said. Electricity facts history “I understand why you might want one, but the situation for Fort Calhoun was such that those individuals were going to be needed either way.”

Omaha attorney John Schembari said leaving out such a clause “makes a lot of sense” and was a “reasonable approach” to hanging on to key employees.

“Just the uncertainty in the air was enough to give OPPD concern that they’d lose good people,” said Schembari, a partner at Kutak Rock and chair of the law firm’s corporate finance department.

OPPD board member John Green said initial discussions he was part of actually called for the retention bonuses to be conditional — “only in effect if the plant closed. Origin electricity faults That was my understanding,” he said.

But somewhere ahead of the board vote that condition was either dropped from the contracts or never included. Power energy definition Management carried out the majority of the agreements in the weeks before the vote, which was enough to make at least one director raise his eyebrows.

“It would have been better if we had done it after the vote,” Ulrich said. Gas variables pogil packet answers “(Management) was concerned that once it came up after the public discussion, we could be in a bad spot either way (the board voted).”

Ulrich called the lack of an out clause “an acceptable risk” when weighed against the need to maintain safety and stay up to regulatory snuff at Calhoun in its twilight.

Board Vice Chairman Tim Gay, who also chairs the board’s nuclear oversight committee, said he was unaware of the specifics around retention agreements.

Other directors also said they weren’t experts on the retention agreements, but supported the utility management’s offering of them — even before the board had voted to close the plant.

Anne McGuire, a member of the nuclear oversight committee, said she was not surprised to learn management was working in front of the board vote to retain employees. Natural gas in spanish She characterized management’s pre-vote retention packages as “good judgment.”

“We needed to keep these people for their knowledge of and for the safety of the plant. Electricity notes pdf Regardless of if we voted to keep it (online), we didn’t want to lose them,” McGuire said.

Board Chairman Mick Mines said the board deferred to management the nuts and bolts of the agreements: “We didn’t talk specifically about incentive numbers. Gas and supply okc That’s management. Electricity prices going up We allow them to do what they do.”

Directors Tom Barrett and Rich Hurley, like Mines, said they also deferred to management the business of securing key employees through retention agreements. Gas house edwards co Barrett said he considered the parsing of contractual details outside the scope of his role as a director.

Director Mike Cavanaugh agreed with Barrett, saying that decisions around hiring arrangements for employees below the level of vice president are left to management.

Three candidates vying for two seats on the OPPD board in the upcoming general election also criticized the lack of a clause that would have rescinded the retention bonus payments if directors had voted to keep the plant open. Electricity grid australia All agreed that key employees should be kept, but they said they had concerns about the process in this case.

“On the surface, it doesn’t sound like very good business sense,” said Tom Mulligan, a retired Union Pacific Railroad manager and former Omaha City Council president. O gastronomico “You can’t just rubber-stamp this stuff, and that’s why you have an independent board of directors.”

Craig Moody, a small-business owner and clean-energy advocate who faces Mulligan in the November election, agreed with his opponent’s assertion. Gas vs diesel engine He said an out clause should have been included “just in case” the board voted to keep the plant open.

And Rick Yoder, who is challenging 30-year incumbent director Fred Ulrich, also agreed, accusing the current board of “taking at face value whatever management tells them.” On an industry in decline

Considering the massive expense associated with continued operation of Fort Calhoun — OPPD chief Burke said it cost the district $250 million just to run the plant in 2015, or nearly 25 percent of OPPD’s roughly $1.03 billion in total operating expenses last year — some board members said the unconditional award of millions in retention bonuses is a fair price to keep the facility safe and sound.

But plants even two or three times the size of Calhoun face the same challenges: a high cost of generating electricity when compared with natural gas or renewables, like wind and solar. Electricity joules With that price disparity leading some nuclear plants to close before their federal licenses expire, even more nuclear professionals are likely to be looking for jobs.

Calhoun’s recent closing marks the fifth shutdown of a nuclear plant since 2013, when Florida’s Crystal River nuclear plant powered down for good. La gastronomie Including subsequent closures in Wisconsin, California, Vermont and now Nebraska, such shutdowns have affected or will affect almost 5,000 employees.

If those employees are all searching for jobs — with five fewer plants in the U.S., now 62 plants, down from 67 in 2013 — then it would seem to be an employer’s market more than a worker’s.

OPPD officials say with an average salary of $140,000, the group given retention bonuses is highly trained, experienced and would be sought after by competitors. Gas mask bong nfl Several legal experts interviewed for this story said that argument holds some water.

Still, Allison Fisher, spokeswoman with Washington, D.C.-based consumer advocacy group Public Citizen, thinks there could soon be a glut of nuclear power professionals, if there isn’t already.

Fisher said one need only look to the industry’s top regulator to gauge the state of the industry: The Nuclear Regulatory Commission in April announced it would cut nearly 200 employees and $50 million from its budget by year’s end after the mid-2000s promise of a nuclear renaissance fizzled out.

The regulator fielded almost 20 applications for new reactors between 2007 and 2009, and it anticipated so much new work that it even built a new office in Washington, D.C., to cope with anticipated demand.

A mere fraction of those came to fruition, and now even existing facilities are pulling the plug — in some cases, decades before their licenses expire.

Retention agreements keep highly trained employees working at the site at which they’ve been trained, said Mark Becker, a spokesman for the Nebraska Public Power District, a sometimes-competitor of OPPD that operates its own nuclear plant, Cooper Nuclear Station near Brownville.

Employees’ training and institutional knowledge “will be an advantage” for OPPD, which he noted must still adhere to strict federal regulations as the utility winds down the plant over the next several years despite not generating electricity anymore.

Nuclear fuel from Calhoun’s nuclear reactor was to be removed and placed in the facility’s spent fuel pool over a 44-hour operation scheduled to begin this weekend. Gas dryer vs electric dryer cost savings The NRC must authorize the subsequent transfer of that fuel from the cooling pool into on-site, dry-cask storage vessels, and the earliest the regulator has ever permitted such a transfer is after three years; the typical time frame is 10 years.

With that continued regulatory obligation in mind, Becker said, “We would look at it as being a reasonable and appropriate approach to deal with what they have to deal with.”

But when NPPD faced a potential shutdown of its own nuclear plant in the early 2000s and offered employees there similar retention packages, its approach differed from OPPD’s: The Columbus utility included a provision that would have triggered retention awards only if the plant shut its doors.