August 14, 2003

Loading
loading...

August 14, 2003

March 26, 2024
mike@standardsmichigan.com
, , , ,
No Comments

“The world is changed by examples, not by opinions.”

Marc Andreesen (Founder of Netscape, the first dominant web browser)

 

August 14, 2003 Power Outage at the University of Michigan

How Engineers are Strengthening the Electrical Power Grid

March 26, 2024
mike@standardsmichigan.com

No Comments

 

 

How does the electrical grid respond to a crisis?

If the power goes out after a thunderstorm, utility crews are on the job within hours to restore service and get the lights back on. Most electric utilities in the U.S. have a reputation for reliability and recovery from situations like this. It has been noticed as planners began thinking about increased natural disasters brought on by population migration patterns, manmade interference due to malicious cyber-attacks, and the instability brought about by adding large quantities of renewable energy.

At North Carolina State University, The Future Renewable Electric Energy Delivery and Management (FREEDOM) Systems Engineering Research Center was created through funding from the National Science Foundation in 2008 to modernize the electrical grid to accommodate sustainable energy, such as wind and solar power. The Freedom Center has been involved in developing online tools for assessing vulnerabilities to address cyber-physical security called distributed grid intelligence. The hope is that smart microgrids with sensors embedded throughout the system might be more resilient to failure and easier to bring back online and large multi-state electric grids. But the emerging smart grid, together with distributed renewable energy such as rooftop solar, presents a new set of challenges to resilience. The Smart Grid involves more distributed energy down to the home level. That kind of penetration adds a level of vulnerability to a cyber threat. Engineers will certainly have to pay attention to that as the grid gets smarter.

Emergency and Standby Power Systems

March 26, 2024
mike@standardsmichigan.com

No Comments

Sporty weather season in the United States inspires a revisit of best practice for designing, building and maintaining the systems that provide limited electricity when the primary source fails. We have been active in the development of this and related titles for decades and have presented several proposals to the technical committee. Public response on the Second Draft of the 2025 revision will be received until March 27, 2024.

Electrical building, World’s Columbian Exposition, Chicago (1892)

FREE ACCESS to the 2022 Edition of NFPA 110 Standard for Emergency and Standby Power Systems

The scope of NFPA 110 and NFPA 111 are close coupled  and summarized below:

NFPA 110 Standard for Emergency and Standby Power Systems. This standard contains requirements covering the performance of emergency and standby power systems providing an alternate source of electrical power to loads in buildings and facilities in the event that the primary power source fails.

NFPA 111 Stored Electrical Energy for Emergency and Standby Power Systems. This standard shall cover performance requirements for stored electrical energy systems providing an alternate source of electrical power in buildings and facilities in the event that the normal electrical power source fails.

FIRST DRAFT AGENDA | August 2022

Public comment on the First Draft of the 2025 Edition will be received until May 31, 2023.  

We have advocated in this standard since 1996 and still use the original University of Michigan Workspace; though those workspaces must be upgraded to the new Google Sites during 2021.  We provide a link to the Standards Michigan Workspace and invite you to join any of our electrical colloquia which are hosted jointly with the IEEE Education & Healthcare Facilities Committee four times per month in European and American time zones.  See our CALENDAR for the next online meeting; open to everyone.

Issue: [96-04]

Category: Electrical, Risk

Contact: Mike Anthony, Robert Arno, Neal Dowling, Jim Harvey, Robert Schuerger, Mike Hiler

More

ITM of Emergency Power Systems

Planning for Higher Education Journal: Revisiting the Campus Power Dilemma: A Case Study

Tom is a long-time colleague and friend so Mike happily posts his content:

454c656374726f746563686e6f6c6f6779

2023 National Electrical Safety Code

March 26, 2024
mike@standardsmichigan.com
,
No Comments

Project Introduction for the 2028 Edition (2:39 minutes)

Electrical Economics, Regulation & Litigation

“Railroad Sunset” 1929 | Edward Hopper

 

Federal Energy Regulatory Commission: Electrical Resource Adequacy

Relevant Research

The standard of care for electrical safety at high and low voltage is set by both the NEC and the NESC. There are gaps, however (or, at best “gray areas”) — the result of two technical cultures: utility power culture and building fire safety culture. There is also tradition. Local system conditions and local adaptation of regulations vary. Where there is a gap; the more rigorous requirement should govern safety of the public and workers.

The 2023 National Electrical Safety Code (NESC)– an IEEE title often mistaken for NFPA’s National Electrical Code (NEC) — was released for public use about six months ago; its normal 5-year revision cycle interrupted by the circumstances of the pandemic.   Compared with the copy cost of the NEC, the NESC is pricey, though appropriate for its target market — the electric utility industry.  Because the 2023 revision has not been effectively “field tested” almost all of the available support literature is, effectively, “sell sheets” for pay-for seminars and written by authors presenting themselves as experts for the battalions of litigators supporting the US utility industry.  Without the ability to sell the NESC to prospective “insiders” the NESC would not likely be commercial prospect for IEEE.   As the lawsuits and violations and conformance interests make their mark in the fullness of time; we shall see the 2023 NESC “at work”.

IEEE Standards Association: Additional Information, Articles, Tools, and Resources Related to the NESC

Office of the President: Economic Benefits of Increasing Electric Grid Resilience to Weather Outages

Research Tracks:

  1. Smart Grid Technologies:
    • Investigating advanced technologies to enhance the efficiency, reliability, and sustainability of power grids.
  2. Energy Storage Systems:
    • Researching and developing new energy storage technologies to improve grid stability and accommodate intermittent renewable energy sources.
  3. Distributed Generation Integration:
    • Studying methods to seamlessly integrate distributed energy resources such as solar panels and wind turbines into the existing power grid.
  4. Grid Resilience and Security:
    • Exploring technologies and strategies to enhance the resilience of power grids against cyber-attacks, natural disasters, and other threats.
  5. Demand Response Systems:
  6. Advanced Sensors and Monitoring:
    • Developing new sensor technologies and monitoring systems to enhance grid visibility, detect faults, and enable predictive maintenance.
  7. Power Quality and Reliability:
    • Studying methods to improve power quality, reduce voltage fluctuations, and enhance overall grid reliability.
  8. Integration of Electric Vehicles (EVs):
    • Researching the impact of widespread electric vehicle adoption on the grid and developing smart charging infrastructure.
  9. Grid Automation and Control:
    • Exploring advanced automation and control strategies to optimize grid operations, manage congestion, and improve overall system efficiency.
  10. Campus Distribution Grid Selling and Buying 

Relevant Technical Literature

IEC 60050 International Electrotechnical Vocabulary (IEV) – Part 601: Generation, transmission and distribution of electricity | April 16

Recommended Practice for Battery Management Systems in Energy Storage Applications | Comments Due March 26

Medical electrical equipment: basic safety and essential performance of medical beds for children | April 26

Medical electrical equipment: basic safety and essential performance of medical beds for children | April 26

 

Standards:

Presentation | FERC-NERC-Regional Entity Joint Inquiry Into Winter Storm Elliott

IEEE Guide for Joint Use of Utility Poles with Wireline and/or Wireless Facilities

NESC Rule 250B and Reliability Based Design

NESC Requirements (Strength and Loading)

Engineering Analysis of Possible Effects of 2017 NESC Change Proposal to Remove 60′ Exemption

National Electrical Safety Code Workspace


Joint Use of Electric Power Transmission & Distribution Facilities and Equipment

A Framework to Quantify the Value of Operational Resilience for Electric Power Distribution Systems

August 14, 2003 Power Outage at the University of Michigan

Technologies for Interoperability in Microgrids for Energy Access


National Electrical Safety Code: Revision Cycles 1993 through 2023

 


February 24, 2023

The new code goes into effect 1 February 2023, but is now available for access on IEEE Xplore! Produced exclusively by IEEE, the National Electrical Safety Code (NESC) specifies best practices for the safety of electric supply and communication utility systems at both public and private utilities.  The bibliography is expanding rapidly:

NESC 2023: Introduction to the National Electrical Safety Code

NESC 2023: Rule Changes

NESC 2023Safety Rules for Installation and Maintenance of Overhead Electric Supply

NESC 2023Safety Rules for the Installation and Maintenance of Underground Electric Supply and Communication Lines

NESC 2023: Rules for Installation and Maintenance of Electric Supply Stations

IEEE Digital Library

Grid Edge Visibility: Gaps and a road map


October 31, 2022

The IEEE NESC technical committee has released a “fast track” review of proposed changes to fault-managed power system best practice:

CP5605 Provides a definition of new Fault Managed Power System (FMPS) circuits used for the powering of
communications equipment clearly defines what constitutes a FMPS circuit for the purposes of application of the NESC
Rules of 224 and 344
https://ieee-sa.imeetcentral.com/p/eAAAAAAASPXtAAAAADhMnPs

CP5606 Provides new definitions of Communication Lines to help ensure that Fault Managed Power Systems (FMPS)
circuits used for the exclusive powering of communications equipment are clearly identified as communications lines
and makes an explicit connection to Rule 224B where the applicable rules for such powering circuits are found.
https://ieee-sa.imeetcentral.com/p/eAAAAAAASPXpAAAAAFfvWIs

CP5607 The addition of this exception permits cables containing Fault Managed Power System (FMPS) circuits used for
the exclusive powering of communications equipment to be installed without a shield.
https://ieee-sa.imeetcentral.com/p/eAAAAAAASPXuAAAAAEEt3p4

CP5608 The addition of this exception permits cables containing Fault Managed Power System (FMPS) circuits used for
the exclusive powering of communications equipment to be installed without a shield.
https://ieee-sa.imeetcentral.com/p/eAAAAAAASPXvAAAAAGrzyeI

We refer them to the IEEE Education & Healthcare Facilities Committee for further action, if any.

 


August 5, 2022

We collaborate closely with the IEEE Education & Healthcare Facilities Committee (IEEE E&H) to negotiate the standard of care for power security on the #SmartCampus  since many campus power systems are larger than publicly regulated utilities.  Even when they are smaller, the guidance in building the premise wiring system — whether the premise is within a building, outside the building (in which the entire geography of the campus footprint is the premise), is inspired by IEEE Standards Association administrated technical committees.

Northeast Community College | Norfolk, Nebraska

Today we begin a list of noteworthy changes to be understood in the next few Power colloquia.  See our CALENDAR for the next online meeting.

  1. New rules 190 through 195 cover photovoltaic generating stations.  Rule 116c adds an exception for short lengths of insulated power cables and short-circuit protection if the situation involves fewer than 1,000 volts.
  2. Rule 320B has been revised to clarify separations that apply to communications and supply in different conduit systems.
  3. Table 410-4 is based on the latest arc flash testing on live-front transformers.
  4. Rule 092A adds an exception allowing protection, control, and safety battery systems to not be grounded.
  5. Rules 234 B1, C1, D1 were revised to better present vertical and horizontal wind clearances, and to coordinate requirements with the new Table 234-7.
  6. Rule 120A was revised to provide correction factors for clearances on higher elevations.
  7. Table 253-1 has been revised to reduce the load factor for fiber-reinforced polymer components under wire tension—including dead ends—for Grade C construction.
  8. Rule 410A now requires a specific radio-frequency safety program for employees who might be exposed.
  9. In the Clearances section, as well as in the specification of the Grade of Construction in Table 242-1, the Code further clarifies the use of non-hazardous fiber optic cables as telecom providers continue to expand their networks.
  10. Revisions in the Strength & Loading sections include modified Rule 250C, which addresses extreme wind loading for overhead lines. Two wind maps are now provided instead of the previous single one. A map for Grade B, the highest grade of construction, with a Mean Recurrence Interval (MRI) of 100 years (corresponding to a one percent annual probability of occurrence) is provided in place of the previous 50–90-year MRI map. For Grade C construction, a separate 50-year MRI (two percent annual probability of occurrence) map is now provided. In the previous Code, a factor was applied to the 50–90-year MRI map for application to Grade C.
  11. Changes were also made to the method of determining the corresponding wind loads, consistent with the latest engineering practices as an example of a Code revision focused on public safety, the ground end of all anchor guys adjacent to regularly traveled pedestrian thoroughfares, such as sidewalks, and similar places where people can be found must include a substantial and conspicuous marker to help prevent accidents. The previous Code did not require the marking of every such anchor guy.
  12. Significant revisions were made in Section 14 covering batteries. Previous editions of the code were based on lead-acid technology and batteries only used for backup power. The 2023 Code incorporates the new battery technologies and addresses energy storage and backup power.
  13. A new Section 19 of the code covers photovoltaic generating stations, with sections addressing general codes, location, grounding configurations, vegetation management, DC overcurrent protection, and DC conductors. These new rules accommodate large-scale solar power projects.
  14. In the Clearances section, all rules for wireless antenna structures have been consolidated in the equipment section (Rule 238 and 239), which makes the Code more user-friendly.
  15. A new subcommittee was created focusing on generating stations, with the original subcommittee continuing to address substations.
  16. A working group is investigating Fault Managed Power Systems (FMPS) cables as the technology may be used for 5G networks. The team is looking at possible impacts, including clearances and work rules.

 


February 18, 2021

 

Several proposals recommending improvements to the 2017 National Electrical Safety Code (NESC) were submitted to the IEEE subcommittees drafting the 2022 revision of the NESC.   Some of the proposals deal with coordination with the National Electrical Code — which is now in its 2023 revision cycle.  Keep in mind that that NESC is revised every 5 years at the moment; the NEC is revised every 3 years.

The original University of Michigan standards advocacy enterprise has been active in writing the NESC since the 2012 edition and set up a workspace for use by electrical professionals in the education industry.   We will be using this workspace as the 2022 NESC continues along its developmental path:

IEEE 2022 NESC Workspace

The revision schedule — also revised in response to the circumstances of the pandemic — is linked below::

NESC 2023 Edition Revision Schedule*

 

The NESC is a standing item on the 4-times monthly teleconferences of the IEEE Education & Healthcare Facilities committee.  The next online meeting is shown on the top menu of the IEEE E&H website:

IEEE E&H Committee

We have a copy of the first draft of the 2023 NESC and welcome anyone to join us for an online examination during any of Power & ICT teleconferences.  See our CALENDAR for the next online meeting.

Business unit leaders, facility managers and electrical engineers working in the education facilities industry may be interested in the campus power system reliability database.   Forced outages on large research campuses, for example, can have enterprise interruption cost of $100,000 to $1,000,000 per minute.    The campus power system forced outage database discriminates between forced outages attributed to public utility interruptions and forced outages attributed to the university-owned power system.   The E&H committee will convey some of the discipline applied by the IEEE 1366 technical committee into its study of campus power systems and, ultimately, setting a benchmark for the standard of care for large university power systems.

 

 

* The IEEE changed the nominal date of the next edition; likely owed to pandemic-related slowdown typical for most standards developing organizations.

Issue: [16-67]

Contact: Mike Anthony, Robert G. Arno, Lorne Clark, Nehad El-Sharif, Jim Harvey, Kane Howard, Joe Weber, Guiseppe Parise, Jim Murphy

Category: Electrical, Energy Conservation & Management, Occupational Safety

ARCHIVE: University of Michigan Advocacy in the NESC 2007 – 2017


LEARN MORE:

P1366 – Guide for Electric Power Distribution Reliability Indices 

University Design Guidelines that reference the National Electrical Safety Code

 

Electrical Resource Adequacy

March 26, 2024
mike@standardsmichigan.com
, ,
No Comments

“When buying and selling are controlled by legislation,
the first things to be bought and sold are legislators.”
P.J. O’Rourke

Predictive Reliability Analysis of Power Distribution Systems Considering the Effects of Seasonal Factors on Outage Data Using Weibull Analysis Combined With Polynomial Regression


February 2024 Highlights 

Failure Rate Prediction Model of Substation Equipment Based on Weibull Distribution and Time Series Analysis

January 2024 Highlights



Transmission Planning Using a Reliability Criterion

Readings / The Administrative State

In power system engineering, availability and reliability are two important concepts, but they refer to different aspects of the system’s performance.

Reliability:

  • Reliability refers to the ability of a power system to perform its intended function without failure for a specified period under given operating conditions. It is essentially a measure of how dependable the system is.
  • Reliability metrics often include indices such as the frequency and duration of outages, failure rates, mean time between failures (MTBF), and similar measures.
  • Reliability analysis focuses on identifying potential failure modes, predicting failure probabilities, and implementing measures to mitigate risks and improve system resilience.Availability:
  • Availability, on the other hand, refers to the proportion of time that a power system is operational and able to deliver power when needed, considering both scheduled and unscheduled downtime.
  • Availability is influenced by factors such as maintenance schedules, repair times, and system design redundancies.
  • Availability is typically expressed as a percentage and can be calculated using the ratio of the uptime to the total time (uptime plus downtime).
  • Availability analysis aims to maximize the operational readiness of the system by minimizing downtime and optimizing maintenance strategies.

Reliability focuses on the likelihood of failure and the ability of the system to sustain operations over time, while availability concerns the actual uptime and downtime of the system, reflecting its readiness to deliver power when required. Both concepts are crucial for assessing and improving the performance of power systems, but they address different aspects of system behavior.

 

November 2023 Highlights | FERC insight | Volume 10

Determining System and Subsystem Availability Requirements: Resource Planning and Evaluation

Comment: These 1-hour sessions tend to be administrative in substance, meeting the minimum requirements of the Sunshine Act. This meeting was no exception. Access to the substance of the docket is linked here.

Noteworthy: Research into the natural gas supply following Winter Storm Elliot.

 


August 14, 2003


 UPDATED POLICIES ON U.S. DECARBONIZATION AND TECHNOLOGY TRANSITIONS


June 15:FERC Finalizes Plans to Boost Grid Reliability in Extreme Weather Conditions

On Monday June 13th, Federal Energy Regulatory Commission commissioners informed the House Committee on Energy and Commerce that the “environmental justice” agenda prohibits reliable dispatchable electric power needed for national power security. One megawatt of natural gas generation does not equal one megawatt of renewable generation. The minority party on the committee — the oldest standing legislative committee in the House of Representatives (established 1795) — appears indifferent to the reliability consequences of its policy.

Joint Federal-State Task Force on Electric Transmission

“Our nation’s continued energy transition requires the efficient development of new transmission infrastructure. Federal and state regulators must address numerous transmission-related issues, including how to plan and pay for new transmission infrastructure and how to navigate shared federal-state regulatory authority and processes. As a result, the time is ripe for greater federal-state coordination and cooperation.”












 

Bibliography:

Natural Gas Act of 1938

Natural Gas Policy Act of 1978

Glossary of Terms Used in NERC Reliability Standards

The Major Questions Doctrine and Transmission Planning Reform

As utilities spend billions on transmission, support builds for independent monitoring

States press FERC for independent monitors on transmission planning, spending as Southern Co. balks

Related:

Homeland Power Security

At the July 20th meeting of the Federal Energy Regulatory Commission Tristan Kessler explained the technical basis for a Draft Final Rule for Improvements to Generator Interconnection Procedures and Agreements, On August 16th the Commission posted a video reflecting changes in national energy policy since August 14, 2003; the largest blackout in American history.

Power Distribution Reliability Indices

March 26, 2024
mike@standardsmichigan.com
No Comments

Maysville Community and Technical College

The IEEE Education & Healthcare Facilities Committee (IEEE E&H) tracks campus power outages (as a research project) because many large research universities own and operate power generation and delivery enterprises that run upwards of 100 megawatts — i.e. at a scale that exceeds many municipal and cooperative electrical power utilities that are regulated by state utility commissions.   It has been estimated that power outages on a large research university campus — some with a daily population of 10,000 to 100,000 students, faculty and staff — have an effective cost of $100,000 to $1,ooo,ooo per minute.   

The IEEE E&H Committee uses  IEEE 1366 Guide for Electrical Power Distribution Reliability Indices — as a template for exploring performance metrics of large customer-owned power systems.  Respected voices in the IEEE disagree on many concepts that appear in it but, for the moment, it is the most authoritative consensus document produced by the IEEE Standards Association at the moment. 

According to IEEE Standards Association due processes, a revision to the 2012 version is now at the start of its developmental trajectory:

IEEE 1366 – 2022 Revision

IEEE P1366 PAR Revision Approval   

We will depend upon the IEEE E&H Committee to keep us informed about issues that will affect campus power purchasing contracts.  (There is a fair amount of runway ahead of us.)  Conversely,  no IEEE technical committee ignores “war stories” and solid reliability performance data.   We dedicate one hour every month to electrical power standards.  See our CALENDAR for the next online meeting; open to everyone.

Issue: [11-54]

Category: Electrical, Energy

Colleagues: Mike Anthony, Robert G. Arno, Neal Dowling, Jim Harvey, Kane Howard, Robert S. Schuerger

Enhancing Reliability of Power Systems through IIoT

 

An Expanded Study of School Bond Elections in Michigan

March 25, 2024
mike@standardsmichigan.com

No Comments
"Election Day, 1944" | Norman Rockwell for the Saturday Evening Post

“Election Day, 1944” | Norman Rockwell for the Saturday Evening Post

School bond elections — either at county or district level — are processes through which communities vote to authorize the issuance of bonds to fund various projects and improvements in their local school districts.  The elections determine the quality of educational settlements –new school buildings, renovating existing facilities, upgrading technology, and improving safety measures. The outcomes of these elections directly affect the quality of education and learning environments for students within the county. Successful bond measures can stimulate economic growth by creating jobs and attracting families to the area.

Community involvement and voter turnout are essential in determining the allocation of resources and shaping the quality of life for its citizens.  In recent years, however, voter ambivalence about the education “industry” in general, the rise of home schooling and other cultural factors, complicate choices presented to voters.

Financial Services

FinTech 200

March 25, 2024
mike@standardsmichigan.com
No Comments

“The most important role of technology is to create time.

Information technology epitomizes this role.

And wealth creation is ultimately about time,

freeing human time from labor.”

— George Gilder

L’italiano Luca Pacioli, riconosciuto come “Il padre della contabilità e della contabilità” è stato il primo a pubblicare un’opera sulla partita doppia, e ha introdotto il campo in Italia.

 

“Hatred of the rich is the

beginning of all wisdom” 

— H.L. Mencken

 

Today we break down the literature that informs the finances of the real assets of education settlements.   We examine a few publicly available university annual budget documents and, lately, have been looking ahead at innovation in distributed ledger solutions, digital currencies and blue sky conceptions of a circular economy which has captured the imagination of trendsniffers in every nation.

Since our 2016 estimate of $300 billion — triangulated from several private and public databases; the number that measures construction spend coupled with operations and maintenance — a fair estimate of growth is likely closer to  $500 billion now.  Based upon the US Census Bureau monthly construction spend reports we have seen a slight uptick in construction spend. We still see construction activity running at an $85-$90 billion clip.

Ædificare

Tax-Free Bonds

Schenkingen

During 2024-2025 we will be breaking down this subject into manageable segments as interest in it clarifies.  For now it is enlightening to approach finance standards with an examination of a few operating budgets:

University of Michigan Budget Book 2024

Harvard University Budget Overview: September 2023

University of Minnesota 2022 Final Capital Budget Requests with Governor’s Recommendations

The 2022-2023 Budget: Overview of the Governor’s Higher Education Budget Proposals (California)

Prince George County Public Schools Operating Budget 2022 

University of Illinois Deferred Maintenance 

Central Michigan University Capital & Deferred Maintenance Budgets

Every dollar passing through the business or academic side of the education industry has rules for how it is received and tracked.*   At the moment we track, but do not dwell, on the grant management standards asserted by state and federal funding agencies.  When we do, we place them on the agenda of the appropriate colloquium.

Appropriate use of public funding underlies some — but not all — of the accounting burden of the education industry. We steer clear of the grant management requirements public funding agencies place upon the education industry; maintain focus on the titles developed and published by organizations that have a due process platform.  For example:

Accredited Standards Committee X9

Financial Industry Standards: Program of Work

Preparing for the Quantum Era

Open-IX Association

Data Center OIX-2 Certification

Sustainability Accounting Standards Board

X12 Incorporated

There are several trackworthy non-ANSI accredited standard developing organizations:

Sustainability Accounting Standards Board

FASB/GASB

Public Consultation of Implementation (This statement fairly compares with ANSI’s Due Process Guidance.   Comments due January 20, 2023)

Real Estate Information Standards Board

Kuznets curve

 

Send bella@standardsmichigan.com an email for a detailed advance agenda.  To join the colloquium today use the login credentials at the upper right of our home page.

“De armen en het geld” 1882 Vincent van Gogh

Schenkingen


More:

Community FY22 Appropriations Request Letterdocx

PFN_InfraInvLtr_June 2021

Letter-Tax-Provisions-American-Jobs-Families-Plans-061421

Half the people working in schools aren’t classroom teachers—so what?

CLICK ON IMAGE FOR DOWNLOAD


Syllabus: Fintech 100

*Electronic Code of Federal Regulations

Education Community Finance

March 25, 2024
mike@standardsmichigan.com
, ,
No Comments

Giovanni Paolo Panini, An architectural capriccio with figures among Roman ruins

The post-pandemic #WiseCampus transformation requires significant capital to meet the sustainability goals of its leadership.  Campuses are cities-within-cities and are, to a fair degree, financed in a similar fashion.  Tax-free bonds are an effective instrument for school districts, colleges and universities — and the host community in which they are nested — for raising capital for infrastructure projects while also providing investors with, say $10,000 to $100,000, to allocate toward a tax-free dividend income stream that produces a return in the range of 2 to 8 percent annually.

An aging population may be receptive to investment opportunities that protect their retirement savings from taxation.

Once a month, we walk through the prospectuses of one or two bond offerings of school districts, colleges and universities and examine offering specifics regarding infrastructure construction, operations and maintenance.  We pay particular attention to details regarding “continuing operations”. Somehow the education industry has to pay for its green agenda.  See our CALENDAR for the next Finance colloquium; open to everyone.

The interactive map provided by Electronic Municipal Market Access identifies state-by-state listings of tax-free bonds that contribute to the construction and operation of education facilities; some of which involved university-affiliated medical research and healthcare delivery enterprises.

CLICK ON IMAGE FOR INTERACTIVE MAP

 

If you need help cutting through this list please feel free to click in any day at 11 AM Eastern time.  Use the login credentials at the upper right of our hope page.  We collaborate with subject matter experts at Municipal Analytics and UBS.

Issue: [Various]

Category: Administration & Management, Finance, #SmartCampus

Colleagues: Mike Anthony, John Kaczor, Liberty Ziegahn

*We see the pandemic as a driver for a step-reduction in cost in all dimensions of education communities.  We coined the term with a hashtag about two years ago.

*College and university infrastructure projects are classified with public school districts under the rubric “municipal bonds” at the moment.  CLICK HERE for more information.

 


More:

Duke Law Review:  Don’t ‘Screw Joe the Plummer’: The Sausage-Making of Financial Reform

An Expanded Study of School Bond Elections in Michigan

Management of University Endowment Fund Archives under the Background of Big Data

March 25, 2024
mike@standardsmichigan.com
, ,
No Comments

Sui Jie, et al

Department of Economics and Management, Tianjin Normal University of Vocation and Technology

University endowment fund archives are very valuable document collection in the development of the University Foundation. With the advent of the era of big data, the management of university endowment fund archives presents many features, such as intelligence, convenience and high efficiency. We analyze problems about the management of university endowment fund archives under the background of the era of big data. Finally, the suggestion is put forward how to promote the efficiency of university endowment fund archives under the background of the era of big data.

CLICK HERE to order complete paper

Layout mode
Predefined Skins
Custom Colors
Choose your skin color
Patterns Background
Images Background
Skip to content