State Agencies Coordinating Response, Monitoring Conditions at PEMA

first_img July 25, 2018 SHARE Email Facebook Twitter State Agencies Coordinating Response, Monitoring Conditions at PEMAcenter_img Press Release,  Weather Safety Harrisburg, PA – With heavy rain and the threat of flooding continuing Wednesday for much of eastern Pennsylvania, state agencies are monitoring conditions to respond quickly to keep citizens safe.“Heavy rains caused flash flooding overnight and forced people from their homes and we understand this weather is difficult for many Pennsylvanians,” Governor Wolf said. “We want people to be safe: help your local first responders by keeping an eye on conditions, checking on your neighbors, especially the elderly, limiting unnecessary travel, and being prepared to leave if you must.”The Commonwealth Response Coordination Center (CRCC) was fully activated this morning at PEMA with staff from: Pennsylvania State Police; the departments of Military of Veterans Affairs, Environmental Protection, Human Services, Transportation, and Health; the Office of the State Fire Commissioner, the Fish and Boat Commission, the Game Commission, the Public Utility Commission, the Turnpike Commission, and the American Red Cross.Additional agencies not covered under the activation were asked to continue to monitor the situation and be prepared to staff the CRCC if the need arises.State agencies continue to monitor the forecast for bands of heavy rain that could quickly produce dangerous flash flooding. Many small creeks and streams have flooded, causing road closures and evacuations in multiple counties, but no major roads are currently closed. While only minor Susquehanna River flooding is expected at this time, anyone with river interests should keep an eye on conditions as forecasts will continue to change.Pennsylvanians are encouraged to follow ReadyPA on Twitter @ReadyPA and Facebook for the latest on the weather and how to prepare, and motorists can check road conditions on over 40,000 miles of roadway at cautions motorists to never drive through flooded roadways, as it takes just two feet of fast-moving water to float a car. Anyone who drives around barriers intended to close a road can face increased penalties if emergency responders are called to rescue motorists who disregard traffic control signs.last_img read more

CEE pension fund tenders infra, direct lending mandates via IPE Quest

first_imgThe investor said it was open to funds with a particular strategy, such as a focus on renewable energy, and funds with a diversified infrastructure exposure.It said it would consider hedged and unhedged investment structures denominated in US dollars.The pension fund’s return target is net 6% or more on a Euro-hedged basis, and net 8% or more for US dollars.Managers should have at least €1.5bn of assets under management for the asset class in question.The pension fund’s direct lending mandate is targeting senior secured loans to companies in the lower-middle and middle-market brackets, meaning with revenue of around $500m (€422m) or EBITDA of $100m.Managers should have at least €1bn of assets under management in direct lending.The deadline for applications is 8 December for both mandates. Applicants should state performance gross of fees to 31 October.The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest , please contact Jayna Vishram on +44 (0) 20 3465 9330 or email . A central European pension fund is using IPE Quest to search for direct infrastructure and direct lending managers.According to searches QN-2381 and QN-2380, respectively, the pension fund wants to allocate €50m-100m to US direct lending, and €75m-100m to direct infrastructure investments.The infrastructure mandate is for equity investments in OECD countries. The pension fund said it was not yet planning co-investments and wanted a commingled private fund that makes direct infrastructure investments.The fund should be collective, although a managed account was not out of the question, the fund said.last_img read more