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Capstone Infrastructure acquires Renewable Energy Developers

TORONTO Capstone Infrastructure Corp. TSX:CSE has signed a deal valued at $68.9 million, plus debt, to acquire Renewable Energy Developers Inc.

The agreement, which has been approved by the board of directors at both companies, expands Capstones footprint with the addition of 95 megawatts in operating wind power facilities in Nova Scotia and Ontario.

The acquisition also gives Capstone to access a pipeline of wind power projects with 20year power purchase agreements under development in Nova Scotia, Ontario, Saskatchewan and Quebec, and the option to acquire additional wind power projects in Ontario.

Capstone said Wednesday that Renewable Energy TSX:RDZ shareholders will receive 0.26 of a Capstone common share and 0.1 of a cent in cash for each common share under the offer valued at $1.01 per share.

The acquisition will also see Capstone assume approximately $129 million in longterm debt and $34.5 million of outstanding convertible debentures from ReD.

Capstone manages a portfolio of investments in gas cogeneration, wind, hydro, biomass and solar power generating facilities. It also owns part of a district heating business in Sweden and a regulated water utility in the United Kingdom.

Shares in Capstone were trading down 2.43 per cent, or nine cents, at $3.79, while shares in ReD were down a penny to 99 cents in midafternoon trading on the Toronto Stock Exchange.

We look forward to building on the combined strengths of our organizations, Capstone president and chief executive Michael Bernstein said.

These include ReDs operating wind power facilities and development pipeline and team, and Capstones sizable Canadian power portfolio, proven financing capability and broad network of relationships in Canada and internationally.

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Carlisle teenager ready for UKs most extreme kayak race

And it is this risk that is part of Ben motivation for pushing himself to the limit. just like being scared, really, the pupil of Dalston Caldew School admitted.

He will put his growing talents to the test this weekend when he takes part in the UK most extreme kayak race. Some of the country best kayakers will compete in the Moriston River Race in Scotland. The waters there boast some Britain best white water rapids.

Carlisle Canoe Club member Ben, was initially too young to enter the event, but persuaded organisers to lower the age limit to let him take part.

He took up the sport four years ago, having had his interest triggered by dad, Marc

Training this week alone has seen him on the River Eden behind Carlisle Sands Centre and also travelling to Northumberland in preparation for his journey north a challenge he is looking forward to. Ben, of Green Lane, Belle Vue, said: sort of scared. I not done a race like this before.

done rivers like this before, but never raced on one.

hoping to do okay in the race, although I am not expecting to come near the top guys the really good paddlers. inside the sport have already said that Ben, who hopes to land an apprenticeship in engineering later this year, is an exceptional paddler, especially for his age.

Sunday race takes place on the River Moriston, in the remote Great Glen between Fort William and Inverness.

Water levels on the stretch where the race is taking place is controlled by a hydroelectric dam upstream, guaranteeing a fivestar course.

Competitors will run a 600metre section twice.

The combined times for the two runs will determine the 20 fastest, who will qualify for the final single run show down.

The quickest time wins. Ben mum Helen and dad Marc say they are proud of what their son is doing. His dad said: naturally worried, we know it will be a great experience for him in the UK most extreme Kayaking race, getting to do what he loves with some of the best white water kayakers in the country.

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Budget ax may hit DoD civilians

Ashton Carter has the resume and presence youd expect at the top level of government: degrees in physics and medieval history from Yale, a doctorate in theoretical physics from Oxford. Posts at top levels at Harvard and the Pentagon.

Hes always come across in interviews as thoroughly prepared, voluble and interesting. This isnt a partisan observation; the Bush administration had impressive Pentagon cast members, too. Look no further than Robert Gates.

So when Carter wants to talk, hes generally worth listening to. The topic was automatic budget cuts and what theyll do to defense strategy. There were dire predictions, some of which will likely come true if the Pentagon finds itself with $52 billion less next year.

Troops could be let go, civilian employees laid off. Thats news.

Another remark about Pentagon personnel also stands out in retrospect. When Gates hired Carter as his top weapons buyer in 2009, Carter recalled that Gates told him the military was at war but the Pentagon bureaucracy wasnt. It wasnt responding with the urgency that Gates deemed necessary.

Think about that. In 2009, the war in Iraq had raged for six bloody years and had been fought three years longer in Afghanistan. That wasnt enough, apparently, to focus the attention of all those in uniform or the civilian workforce. Too many other programs unrelated to either war captured their attention. The Air Forces F22 comes to mind. The fighter never flew a mission in either war.

Gates put Carter in charge of finding out what troops in combat needed most Mine Resistant Ambush Protected trucks, spy planes and blimps, fortified underwear and gave him the writ to make it happen fast. The Pentagon bureaucracy had grown so large and unresponsive, Gates and Carter had to plumb new channels around it.

Gordon Adams, the smart, chatty professor at American University and a former Defense Department official, looks at the Pentagon and sees too many people doing too many things unrelated to fighting wars. In a recent interview, he noted that the Pentagon employs more civilians and contractors than activeduty troops. The ratio used to be one civilian for every two troops, he said. He also points to hundreds of thousands of troops who have never deployed to Iraq or Afghanistan.

Slash overhead, Adams says, and youll find the savings you need.

To be sure, the military needs troops and civilians who focus on parts of the world where were not fighting. Wars can break out in unexpected places after all.

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Canadian cities join occupy movement

Protesters marched through the streets and filled the parks of several Canadian cities on Saturday, in demonstrations that evoked the spirit of New Yorks Occupy Wall St.

Mat Berkowitz, a spokesperson for the Occupy Vancouver protest, which drew about 2,000 people, said the Occupy movement reflects a growing awareness and concern over social and economic ills that plague not only Canadians, but people the world over.

The broadest social problems around the world war, poverty, income inequality, destruction of the environment these issues are only getting worse, Berkowitz told CTV News Channel on Saturday afternoon. And I think peoples awareness has been heightened to the extent that they decided to unite around the world to express the discontentment for the social system at large.

The peaceful protests contrasted sharply with the violent riots that marked the Vancouver Canucks Stanley Cup loss last June and last years G20 Summit.

The largest protest was in Toronto, where an estimated 1,500 Occupy Toronto demonstrators gathered in the financial district at King and Bay Sts. then marched east to St. James Park. A steady rain thinned the crowd to a few hundred people, who set up tents in preparation for an occupation.

In an interview, protester Kate Heming said the plan was to occupy the park through the winter. The protesters have made arrangements for portable toilets in the park, she said.

We hope to see a peaceful protest, said Heming, an independent film producer who took part in the Occupy Wall St. protest in New York City last week.

Maura DrewLytle of the Canadian Bankers Association said downtown bank branches and corporate towers increased security in case of trouble but noted: Its peaceful.

In Halifax, about 200 demonstrators set up tents in a downtown park. Joy Woolfrey, a 69yearold international development consultant, said she was taking part because the system is broken.

In Montreal, more than 1,000 protesters took to Victoria Square, in the financial district. Tents and coolers of food suggested some demonstrators were in for a long stay. Frederic Carmel, a 25yearold office administrator, booked next week off of work to camp in the square over the enormous inequality in the division of wealth.

Several hundred people rallied in Calgary, while dozens of protesters gathered outside the Manitoba Legislature in Winnipeg.

In Vancouver, protesters gathered in a oneblock space outside the citys art gallery.

A spokesperson for the Occupy Edmonton march, Chelsea Taylor, said Albertas oil industry dictates government policy. Oil might run your car but it really shouldnt run your government, she said. on Saturday, Harper said his government was in touch with the concerns of most Canadians.

The focus of Canadians is the same as the focus of their government, and that is we all know were living in a global economy, where the recovery is extremely fragile, Harper said while attending an event at Northern Lights College.

Among other issues, they decry poverty, tarsands pollution and exploitation of Aboriginal people. have been largely peaceful, and those involved in planning the Canadian demonstrators insisted that they, too, would be nonviolent. Embassy. Hundreds of people also joined peaceful protests in Hong Kong and Seoul.

In Europe, the movement is joining up with antiausterity protests that have raged for months across the continent.

Police in Rome fired tear gas and water cannons as a protest march turned into a riot. Cars were burned and windows in banks and stores were smashed. It began when a small group of violent protesters broke away from the main demonstration on Saturday.

In Frankfurt, some 5,000 people took to the streets to protest in front of the European Central Bank.

Hundreds marched through the Bosnian city of Sarajevo carrying pictures of Che Guevara and old communist flags that read Death to capitalism, freedom to the people.

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Roswell Park Unveils Cancer Vaccine

Officials from Roswell were on hand to highlight what the vaccine can do. They say the NYESO1 dendritic cell vaccine has the

potential to eradicate cancer cells and prevent disease relapse.

The new NYESO1 dendritic cell vaccine is expected to show great promise in patients with bladder, brain, breast, esophageal, gastrointestinal, hepatocellular, kidney, lung, melanoma, ovarian, prostate, sarcoma and uterine tumors.

Not only will the vaccine be administered here in Buffalo, but it will also be manufactured here. Doctors say the development of the vaccine is very encouraging and it has minimal side effects.

The NYESO1 vaccine, tailormade for each patient, will be produced in RPCIs Therapeutic Cell Production Facility. Dr. Christopher Choi, director of the facility, says this is the first governmentregulated study of its kind and its the first time the vaccine will be tested in a hospital setting rather than in a medical lab. We believe that our facilitys custommade barrier isolator, the unit in which the vaccines are manufactured, is the first of its kind, said Choi.

This trial will be only the beginning of a very robust program of activity in the area of using the human immune system to fight cancer, said Kunle Odunsi, MD, PhD, director of RPCIs Center for Immunotherapy CFI and the studys principal investigator.

The announcement of this cancer vaccine has Western New Yorks medical community talking, including Erie Countys new health commissioner.

Dr. Gale Bursteins first day on the job was just Monday, having been appointed by new Erie County Executive Mark Poloncarz. Dr. Burstein says since her focus as health commissioner is preventioner, this news is monumental. Unfortunately we dont have the tools or the resources to effectively eradicate all cancers, and thats why we still have cancer. But to have this opportunity, a therapeutic vaccine to not only treat cancer, but to prevent relapse, its a huge opportunity for us to really improve peoples health and make them happier and healthier and have a longer lifespan, says Dr. Burstein.

Dr. healthcare system start recognizing the talent at Roswell Park and the entire downtown medical corridor.

Elmwood NewsElmwoodBidwell Farmers Market Lists Aug. 10 Events Coming Home Buffalo Hosts Infringe on Fashion August 2ElmwoodBidwell Farmers Market Lists Aug. 3 EventsYour Guide to the 2013 Buffalo Garden WalkBuffalo State President Stepping Down

South Buffalo NewsErie County Fair is Setting Up!!More FREE Stuff at The Erie County Fair!!!FairgoersMark Your Calendars For All The Entertainment At The Fair!!! Erie County Fairgoers Get Out Your Recipes!! Baking Competitions!!!The Fairgrounds Starts to Come Alive!!!!

Westside NewsNeighbors Ask City to Uncover Brick RoadCelebrating The Diversity Of Buffalo School KidsWoman Attacked Along City Bike PathChurch Youth Help Brighten Up A NeighborhoodBelle Center Loses Funding for After School Program

Elmwood NewsElmwoodBidwell Farmers Market Lists Aug. 10 Events Coming Home Buffalo Hosts Infringe on Fashion August 2ElmwoodBidwell Farmers Market Lists Aug. 3 EventsYour Guide to the 2013 Buffalo Garden WalkBuffalo State President Stepping Down

South Buffalo NewsErie County Fair is Setting Up!!More FREE Stuff at The Erie County Fair!!!FairgoersMark Your Calendars For All The Entertainment At The Fair!!! Erie County Fairgoers Get Out Your Recipes!! Baking Competitions!!!The Fairgrounds Starts to Come Alive!!!!

Westside NewsNeighbors Ask City to Uncover Brick RoadCelebrating The Diversity Of Buffalo School KidsWoman Attacked Along City Bike PathChurch Youth Help Brighten Up A NeighborhoodBelle Center Loses Funding for After School Program