It All Begins with Caring 2015 Gifts and Grants Report

Total Page:16

File Type:pdf, Size:1020Kb

It All Begins with Caring 2015 Gifts and Grants Report It all begins with caring 2015 Gifts and Grants Report Office of Resource Development 100 North Academy Avenue Danville, Pennsylvania 17822-2576 570-271-6461 geisinger.org/foundation 2015 Gifts and Grants Report 2 Message from our President and CEO 5 Message from our campaign co-chairs 6 Building bridges 8 Forgoing the distance 10 From the hospital room to the living room 12 Easy pill to swallow 14 Making a connection 16 An ounce of preventio n… 18 Seeing the whole picture 20 Performing miracles 22 Life’s work 24 In a class of their own 26 Enhancing our services, expanding our reach 29 Donor giving Care close to home, with a worldview From our President and CEO When those of us at Geisinger Health System — doctors, nurses, administrators, support staff and so many more — look out of our windows, we do not see just what is right in front of us . We Geisinger president and CEO David T. Feinberg, MD, see the world and how we can change it for the better through our compassion and innovation. takes time to visit with a patient. Our founder Abigail Geisinger had a simple decree: “Make my hospital right; make it the best.” We are taking these words to heart more than ever before as we move into our second century and beyond. The “beyond,” to us, is a place where there are no boundaries to care. By using innovative methods, technologies, and approaches that step outside the traditional, we are able to see Seeing the whole picture and experiencing the person in front of us, and not simply a list of their symptoms. Seeing the whole picture and experiencing the Geisinger Health System President patient’s world is what will take us into our next century. the patient’s world is what will take us into and CEO David T. Feinberg, MD, MBA our next century. We are looking at ways to treat people close to home, if not in their homes, so they may have a patient experience free of additional fear and stress. Our generous donors and partners are essential in creating programs that enable us to erase these barriers to treatment. It is one way we are looking at the larger, changing picture of how we provide care and ensure better patient outcomes. Providing the best patient care possible, as close to home as possible, to those in need is important to us. But we also know the world is more connected than it was 100 years ago. We are thinking regionally, nationally and globally with our research and in our efforts to aid population health. We are erasing the boundaries to education, health and wellness. We are looking to today and to the future, and at how Geisinger Health System will impact the world of tomorrow. Through you and your generous support, we are able to take Abigail Geisinger’s directive — “make it the best” — Geisinger President and CEO David T. Feinberg, MD, to the rest of the world. And because of you, we know it all begins with caring. visits with new parents and their baby while participating in Leadership Rounding. 2 2015 Gifts and Grants Report: A Message from our President and CEO 2015 Gifts and Grants Report: A Message from our President and CEO 3 Making a world of difference From our campaign co-chairs Throughout our centennial campaign , Redefining Boundaries , your generous gifts have given us at Geisinger Health System the tools1 to make powerf0ul impressions on the pe0ople who come to us seeking care. We heard stories of how we have altered their lives, their families or their worlds in ways they did not think was possible. Geisinger is continuously building a bridge to a world of hope and healing on a personal and grand scale. Geisinger is continuously building a bridge We strive to aid population health, grow our cutting- to a world of hope and healing on a edge approaches to education, treatment and care, personal and a grand scale. and help those who are the most vulnerable among us. We aim to better a person’s health, but also to change the larger world through better health. The first words of every personal triumph came because of your philanthropic giving. We thank you We hear how Geisinger made someone stronger, their for joining us on our journey of discovery, research, life healthier and the world around them one where growth, challenge and, most importantly, change. they can thrive. Without your generosity, none of It has taken us further than any of us could have these stories of caring would ever have been told. imagined and we are thrilled to write the next chapter. Centennial Campaign: Redefining Boundaries Co-Chairs (l-r) Robert L. Tambur and Frank M. Henry 4 2015 Gifts and Grants Report: From Our Campaign Co-chairs 2015 Gifts and Grants Report: From Our Campaign Co-chairs 5 Building bridges ProvenWellness ® Neighborhood’s network of caregivers and community and social service agencies closes the care gap in northeast Pennsylvania. Jenny* felt helpless when her daughter, Leia*, was diagnosed with cancer. The tumor would take her girl’s eyesight or, worse, her life. Surgery was the only option. The road from Leia’s diagnosis to recovery was full Seeing an opening of pitfalls. ProvenWellness® Neighborhood (PWN) Care gaps, like the one that almost shattered Jenny navigated each obstacle through its network of more and Leia’s lives, are on the rise. PWN, which covers than 140 healthcare providers and community and Lackawanna, Pike, Susquehanna, Wayne and Wyoming social service agencies dotting northeast Pennsylvania counties, examines every angle of the big picture, that strive to meet needs that have slipped through makes connections and fills the voids left when the the cracks and hindered proper care. These range social and medical essentials are lacking. Geisinger Stephanie Gerkovich (right), community health from getting a walker for a patient or, in Jenny and Health System and PWN’s consideration of every assistant with ProvenWellness Neighborhood, laughs with her client, Ruth. Leia’s case, getting insurance. facet of a patient’s life is defining a new wave of PWN connects people to agencies, social workers, medication to behavioral health issues. The Weinberg “health” and “care.” therapists and others that are close to home to get the Foundation’s grant, along with charitable gifts, has Medicaid’s approval arrived in 24 hours after a PWN services and items many take for granted, from a ride launched a website, with online health tutorials, and Wayne County Community Health Assistant (CHA) Geisinger’s rethinking of what “health” and “care” to a doctor’s appointment to a hot meal. In the two increased staffing to reach as many people as possible. Geisinger Health System and advocated for Jenny’s application. Leia’s surgery means to a person is a radical step beyond traditional Geisinger and PWN are throwing a years the program has been in existence, PWN has PWN’s consideration of every was days later. The CHA connected the two to the healthcare. It is a futuristic vision shared by The Harry closed more than 17,000 care gaps and helped more PWN’s network of support shows the world that when lifeline of optimism to thousands of facet of a patient’s life is defining American Cancer Society, which houses families while and Jeanette Weinberg Foundation Inc. and other than 12,500 people. a care gap closes, a new life opens up and people like loved ones seek treatment, and an online support people who believed there was Jenny and Leia — uninsured, living in a rural county a new wave of “health” and “care.” donors. Each noticed a chasm between what an group for the time during and after the surgery. individual and their family needs to handle a problem nowhere to turn. Rising to the challenge and struggling with a terrifying situation — no longer and how or what they can do to solve that problem. Geisinger and PWN are throwing a lifeline of optimism need to live in fear that they will not receive the help A week and one successful operation later, the future This care gap, if left to fester, will have a devastating to thousands of people who believed there was they need. looked bright for mother and daughter. Without PWN effect on population health. nowhere to turn. The challenges a CHA uncovers and her CHA, the outcome could have been tragic are far-reaching, from homelessness to unaffordable *Names changed. for Leia. 6 2015 Gifts and Grants Report: Building Bridges 2015 Gifts and Grants Report: Building Bridges 7 Many patients must make decisions at the crossroads of care — the intersection of time, distance, what is needed and what is possible in a person’s life. Each pulls a different way and one wrong turn can have devastating results. Geisinger Health System is, once again, making the impossible possible for its patients through its groundbreaking use of telehealth. Geisinger’s mix of live audio/videoconferencing and store-and-forward sharing, which sends digital data like X-rays to physicians, is redefining how specialists connect with patients, especially in rural and remote locations. Health checks and balances Telehealth is a wellspring of comfort to people living in remote or rural areas who have difficulty getting to specialists in larger hospitals, such as the Geisinger Medical Center in Danville or Geisinger Wyoming Valley Medical Center in Wilkes- Barre. When a specialist visits a county with thousands of residents, that doctor’s Lisa* was one such patient who desperately needed to see an MFM.
Recommended publications
  • Below Is the List of Category 1, 2, and 3 Slot Machine Licensees Who Have Been Awarded an Interactive Gaming Certificate by the Pennsylvania Gaming Control Board
    Below is the list of Category 1, 2, and 3 Slot Machine Licensees who have been awarded an Interactive Gaming Certificate by the Pennsylvania Gaming Control Board. Also listed are the Interactive Gaming Operators licensed by the Board to provide interactive gaming on behalf of the Interactive Gaming Certificateholder, and any authorized website for interactive gaming. If no Interactive Gaming Operator or Manufacturer, types of interactive gaming authorized, or interactive gaming website are listed, interactive gaming has not yet been authorized for that Certificateholder or Operator. The commencement date of interactive gaming operations is also listed for each website. Format • Interactive Gaming Certificateholder o Interactive Gaming Operator ▪ Types of interactive gaming authorized • Authorized websites or mobile apps o Commencement date of operations • Chester Downs and Marina, LLC d/b/a Harrah’s Philadelphia Casino and Racetrack o No interactive gaming operator ▪ Slots; Table Games • https://pa.caesarsonline.com/#HarrahsPhiladelphi a • Caesars PA mobile app o April 23, 2020 ▪ Poker • http://www.wsop.com/#HarrahsPhiladelphia • WSOP Mobile app o July 15, 2021 Updated: 8/11/2021 • Downs Racing, LP d/b/a Mohegan Sun Pocono o Unibet Interactive, Inc. ▪ Slots; Table Games • https://pa.unibet.com/mohegansun/casino • Unibet mobile app o November 15, 2019 • Greenwood Gaming and Entertainment, Inc. d/b/a Parx Casino o No interactive gaming operator ▪ Slots; Table Games • https://pa.parxcasino.com/ • Parx Casino mobile app o July 17, 2019 • Mount
    [Show full text]
  • With the a Message from Our President & CEO the Greater Wyoming Valley Chamber of Commerce Dba the the Workplace, and the Economic Impact to Uplift the Area
    Celebrate & Support Local with the A Message from Our President & CEO The Greater Wyoming Valley Chamber of Commerce dba the the workplace, and the economic impact to uplift the area. It’s not Greater Wilkes-Barre Chamber of Commerce (The Chamber) the heavy load that breaks you down; it’s how you carry it. We and Greater Wilkes-Barre Chamber of Business and Industry is know how to do the heavy lifting and we know how to carry it. dedicated to local businesses of all sizes, to the diversity of our workforce and industrial base, and to the vitality and quality of We are better than anything this pandemic brings. Helen Keller life in our community. once said, “The best and most beautiful things in the world can’t be seen or even heard, they must be felt from the heart.” • We connect, innovate and elevate our local businesses, com- munity and economy. We have a rich diversity of workforce and workplace, a strong • We build value to attract businesses to the area. culture of charity and support, all represented right here in or- • We build sustainability to create legacy businesses. ganizations throughout the Wyoming Valley that truly shine • We build upon our core business value propositions to make amongst us. And during a time of this pandemic, reflect that life it built to last. always waits for a crisis to reveal how brilliant we can be and • We advocate on business related policy and government af- how we can pivot during this time of crisis to be rebuilt, as we fairs for our members with our NEPA, State and Federal lead- regain our foothold to build it back reimagined and better.
    [Show full text]
  • Kindred Goes Online in Pennsylvania
    Kindred Group Press Release Malta, 15 November 2019 Kindred goes online in Pennsylvania Only a few weeks after launching the Unibet Sportsbook at Mohegan Sun Pocono, Kindred Group goes live with both online sports and casino in Pennsylvania. As of today, Unibet customers in Pennsylvania will be able to experience a full range of first-class sportsbook and casino products in a safe and secure environment. Kindred Group (previously Unibet Group) takes its next significant step in the US market with the launch of both online sports and casino in Pennsylvania. The announcement is in line with the Group’s strategy to establish a presence in what will most likely become the largest gambling market in the world. Kindred continues to adopt a local focus and global expertise wherever it operates, ensuring that customers can enjoy Unibet’s full range of first-class sportsbook and casino products in a familiar, safe and secure environment. “After a successful launch of our betting lounge, Unibet Sportsbook at Mohegan Sun Pocono, we are thrilled to take the partnership with Mohegan Sun online and bring the Pennsylvanian guests a state-of-the-art online gambling experience, including the best online casino games and an impressive online sportsbook”, says Manuel Stan, SVP Kindred US. “We’re thrilled to introduce to our customers an opportunity to place bets and game online within the state borders,” said Aviram Alroy, Vice President of Interactive Gaming at Mohegan Gaming & Entertainment. “Our sportsbook lounge is a highly engaging and joyful experience on-premises and Kindred Group are able to extend that experience online through our strategic partnership.” This is Kindred’s second state in the US, after launching online casino and sportsbook earlier this year in New Jersey in partnership with Hard Rock Hotel & Casino Atlantic City.
    [Show full text]
  • Thank You! to These Members for Renewing Their Membership for 2018
    Thank You! To These Members for Renewing Their Membership for 2018. Your Support is Greatly Appreciated. List as of 2/21/18 1806 Uniques & Antiques Boyer Financial Planning DCZip Enterprises/dba Hidden Valley 1st Summit Bank Boys & Girls Club of Somerset County, Inc. Rentals A-1 Garage Doors and Openers Budget Blinds of South Johnstown Deaner Funeral Homes, Inc. A-1 Vending Company Bull's Eye Security, Inc. Debra DiLoreto AAA East Central Bulow, Hottle & Co. Deer Valley YMCA Camp Ace Air Conditioning Experts, Inc. Bumbleberry Farms LLC Democratic Women of Somerset County Ace Answering Service Butler, Terry Deskevich Consulting Advanced Disposal Caddie Shak Family Fun Park DeVilbiss Healthcare AEPCOR-Geothermal Cambria Regional Chamber of Commerce Doing Better Business AFLAC - Frank James Your Local Cambria Somerset Authority Donner-Farber & Associates, Inc. Independent Agent Representative CambriArts Advertising Dress to the Nines of Somerset County Agchoice Farm Credit, ACA Martinsburg Camp Allegheny Driver, Mary Ellen & Mike Branch Office Camp Harmony Dumbauld's Tire Service, Inc. AK Coal Resources, Inc. Camp T. Frank Soles YMCA Duncan Financial Group Al Meucci Real Estate Cascio's Fruit Market Duppstadt's Country Store Allegany College of Maryland CBIZ Benefits & Insurance Services Dynamic Auction Group Allegheny Lutheran Social Ministries Center Rock, Inc. e s Printing & Copying Allegheny Mountain Antique Gallery Central City, Borough of EADS Group, The Allstate Insurance, Burchfield Insurance Challenge Program, Inc., The Eagle Concrete Products, Inc Alluring Edge Hair & Nail Salon ChamberChoice Earthtech, Inc. Altoona Curve Chan Soon-Shiong Medical Center at Edgewood Grove Storage American Cancer Society Windber Edgewood Welding & Fabrication, Inc. Ameriserv Financial Chickentown Gas & Steam Association Elite Kitchen & Bath Design Center Angelitto's Hair Co.
    [Show full text]
  • An Overall Pian for the Development and Preservation of the City of Mooha, Pennsylvania
    An Overall Pian for the Development and Preservation of the City of Mooha, Pennsylvania Prepzred Under the Direction of the City of Altoona Comprehensive Plan Steering Committee and Staff of the City of Altoona Depaitmsnt of Planning and Development Adopted by Resolution or' Altoona City CounciI on August 9, 2gOo. Cornm u n it4 Plann i r ia Cons u I t a nt [Jrban Research and Devetoprneilt Corporation Bothle hem, Penns y lva tiia CONTENTS Introduction .................................................................... 1 Great Things Are Happening ................................................... 1 AltoonaWithintheRegion .................................................... 2 I Altoona’sRichHeritage ....................................................... 3 I How This Plan Was Developed ................................................. 4 1 c Initial Public Input ................................................................ 5 Community-Wide Survey ..................................................... 5 Neighborhood Workshops ..................................................... 6 I Results of Focus Group Interviews .............................................. 9 Mission Statement .......................................................... 11 Direction: The Major Goals of this Plan ......................................... 11 I Relationships Between the Components of this Plan ............................... 13 I Land Use and Housing Plan ....................................................... 15 L Economic Development and Downtown Plan
    [Show full text]
  • Annualreport
    ANNUALReport PENNSYLVANIA Gaming Control Board 2018-2019 Published - October 1, 2019 TABLE OF Contents Board Members ........................................................................................................... 2 Message from Chairman Barasch ...............................................................................3 Message from Executive Director O’Toole ................................................................3 Year in Review ...........................................................................................................4-7 Office of Compulsive & Problem Gambling ...............................................................8 Category 4 Satellite Casinos ........................................................................................9 1 Video Gaming Terminals at Truck Stops ................................................................... 10 Interactive Gaming ..................................................................................................... 11 Sports Wagering .........................................................................................................12 Fantasy Contests ........................................................................................................13 Revenue and Expenditures ....................................................................................... 14 Public Meetings and Executive Sessions ..................................................................15 Casino Revenue Data ...........................................................................................
    [Show full text]
  • Below Is the List of Category 1, 2, 3, and 4 Slot Machine Licensees Who Have Been Awarded a Sports Wagering Certificate by the Pennsylvania Gaming Control Board
    Below is the list of Category 1, 2, 3, and 4 Slot Machine Licensees who have been awarded a Sports Wagering Certificate by the Pennsylvania Gaming Control Board. Also listed are the Sports Wagering Operators who are licensed by the Board to provide sports wagering on behalf of the Sports Wagering Certificateholder, and any authorized website for interactive sports wagering. If no Sports Wagering Operator or types of sports wagering authorized are listed, a Sports Wagering Certificate has been issued, but no sports wagering has been authorized. If no website is listed, interactive or mobile sports wagering has not yet been authorized for that Operator. The commencement dates of online and retail sports wagering operations are also listed for each certificateholder. Format • Sports Wagering Certificateholder o Sports Wagering Operator ▪ Types of sports wagering authorized • Authorized websites and mobile apps o Commencement of online sports wagering o Commencement of retail sports wagering • Chester Downs and Marina, LLC d/b/a Harrah’s Philadelphia Casino and Racetrack o OpenBet Technologies Limited; NYX Digital Gaming (USA), LLC; American Wagering, Inc. ▪ Retail sportsbook ▪ Caesars online/mobile sportsbook • https://pa.caesarsonline.com/sports • Caesars PA mobile app o Online: March 13, 2020 o Retail: January 24, 2019 Updated: 6/28/2021 • Downs Racing, LP d/b/a Mohegan Sun Pocono o Unibet Interactive, Inc. ▪ Retail sportsbook ▪ Unibet online/mobile sportsbook • https://pa.unibet.com/sports#home • Unibet mobile app o Online: November 15,
    [Show full text]
  • State of the States 2020 the AGA Survey of the Commercial Casino Industry a Message from the American Gaming Association
    State of the States 2020 The AGA Survey of the Commercial Casino Industry A Message from the American Gaming Association June 2020 Dear Gaming Industry Colleague: gaming. Sports betting was being legalized at an unprecedented pace, with 20 states and the District of I am pleased to present State of the States 2020: Columbia having passed legislation allowing consumers The AGA Survey of the Commercial Casino Industry, to bet on sports with legal, regulated operators. the American Gaming Association’s (AGA) signature research report and the definitive economic analysis The AGA continues its important work as your of U.S. commercial gaming in 2019. advocate. Here in Washington, DC, we continue to cultivate Congressional champions from gaming 2019 marked another record-setting year for the communities and strengthen our voice on Capitol commercial gaming segment. Helped in part by the Hill. In states across the country, we are working with expansion of legal sports betting, the commercial industry leaders and regulators to give operators and casino sector logged its fifth consecutive year of suppliers more flexibility in running their businesses gaming revenue growth in 2019—surging 3.7 percent and evolve regulation to meet the demands of our to $43.6 billion, a new historic high. 21st century hospitality industry. At the end of 2019, Americans never had a higher On a personal note, it has been a privilege to get to opinion of our industry and nearly half said they know many of you during my first year as the AGA’s planned to visit a casino over the next year.
    [Show full text]
  • 2015 Annual Report
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ____________________________________________________________ FORM 10-K ____________________________________________________________ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2015 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 033-80655 ____________________________________________________________ MOHEGAN TRIBAL GAMING AUTHORITY (Exact name of registrant as specified in its charter) ____________________________________________________________ Not Applicable 06-1436334 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) One Mohegan Sun Boulevard, Uncasville, CT 06382 (Address of principal executive offices) (Zip Code) (860) 862-8000 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: None None (Title of each class) (Name of each exchange on which registered) Securities registered pursuant to Section 12(g) of the Act: None (Title of Class) ____________________________________________________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act: Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act: Yes No Indicate by check mark whether
    [Show full text]
  • Electricity and Natural Gas Cost Study
    2017 AN EXAMINATION OF NATURAL GAS A partnership among Geisinger Commonwealth School of Medicine Keystone College, King’s College, Lackawanna College, Luzerne County Community College, Marywood University, AND ELECTRICITY Misericordia University, Penn State Wilkes-Barre, The Wright Center, University of Scranton & Wilkes University COSTS IN NORTHEASTERN PENNSYLVANIA Page 2 of 19 The Institute Thank you to our Research Sponsors! Turning Information into Insight Thank you to our generous stakeholders The Institute is a non-profit research who share our desire to foster a strong organization dedicated to empowering business regional economy and the economic and and community leaders with researched based strategies for informed decision making. social welfare, health and safety of residents of Northeastern Pennsylvania. We conduct independent, empirical research to Signature Underwriters identify the opportunities, issues and challenges unique to the region and find innovative ways Andrew J. Sordoni Foundation to solve the problems facing our communities. Luzerne County Moses Taylor Foundation The Institute offers a wide array of research, PPL Electric Utilities consulting and support services to help Sordoni Family Foundation organizations boost productivity, increase profitability and be successful in their missions. Contributing Underwriters BlackOut Design Thank you to Our Academic Partners Borton-Lawson Commonwealth Health Systems Unique to The Institute is our collaboration with Geisinger Health System 11 local institutes of higher
    [Show full text]
  • 0 2 4 6 8 10 12 3 CHICAGO, IL WCPX-TV WCPX-TV ITV Lawrence Wert GM, [email protected] 4 PHILADELPHIA, PA WPPX-TV WPPX
    12 10 8 3 CHICAGO, IL WCPX-TV WCPX-TV ITV Lawrence Wert GM, [email protected] 6 4 PHILADELPHIA, PA WPPX-TV WPPX- TV ITV Dan Borowicz GM, [email protected] 4 2 0 GM PD AFFILIATES Rank Market Call Letters Station Affiliations Name Position Email 1 NEW YORK, NY WABC-TV WABC-TV ABC Rebecca Campbell GM, [email protected] 2 LOS ANGELES, CA KABC-TV KABC-TV ABC Arnold Kleiner GM, [email protected] 3 CHICAGO, IL WLS-TV WLS-TV ABC Emily Barr GM, [email protected] 4 PHILADELPHIA, PA WPVI-TV WPVI-TV ABC Bernie Prazenica GM, [email protected] 5 DALLAS, TX WFAA-TV WFAA-TV ABC Mike Devlin GM, [email protected] 6 SAN FRANCISCO, CA KGO-TV KGO-TV ABC Valari Dobson-Staab GM, [email protected] 7 BOSTON, MA WCVB-TV WCVB-TV ABC Bill Fine GM, [email protected] 7 BOSTON, MA WMUR-TV WMUR-TV ABC Jeffrey Bartlett GM, [email protected] 8 ATLANTA, GA WSB-TV WSB-TV ABC Bill Hoffman GM, [email protected] 9 WASHINGTON, DC WJLA-TV WJLA-TV ABC Frederick Ryan GM, [email protected] 10 HOUSTON, TX KTRK-TV KTRK-TV ABC Henry Florsheim GM, [email protected] 11 DETROIT, MI WXYZ-TV WXYZ-TV ABC Robert Sliva GM, [email protected] 12 PHOENIX, AZ KNXV-TV KNXV-TV ABC Janice Todd GM, [email protected] 13 TAMPA, FL WFTS-TV WFTS-TV ABC Rich Pegram GM, [email protected] 13 TAMPA, FL WWSB-TV WWSB-TV ABC J.
    [Show full text]
  • Pennsylvania Sustainable Energy Board 2007 Annual Report
    Pennsylvania Sustainable Energy Board 2007 Annual Report August 2008 Table of Contents Foreword…………………………………………………………………….3 Metropolitan Edison Company Sustainable Energy Fund/Pennsylvania Electric Company Sustainable Energy Fund…………………...…………..10 Sustainable Development Fund (PECO)…………………………………...15 Sustainable Energy Fund (PPL)...………………………………………….24 West Penn Power Sustainable Energy Fund……………………………….33 FOREWORD This Pennsylvania Sustainable Energy Board (PASEB) report reviews the activities of the regional sustainable energy funds (Regional Funds) during 2007. Collectively, the Regional Funds loaned more than $6.5 million and provided over $700,000 in grants during this period. Since their inception eight years ago, the Regional Funds continue to lead in the development of and investment in clean energy technologies such as wind, anaerobic digesters, fuel cells, and solar. However, the future focus of the Funds will be on energy efficiency and demand resources, which will compliment recent statewide energy initiatives. The Regional Funds are primarily public finance entities which make loans, investments and grants for the benefit of ratepayers and the Commonwealth. Four of the Regional Funds, Metropolitan Edison, Pennsylvania Electric Company, Sustainable Energy Fund (PPL), and the Sustainable Development Fund (PECO) have ceased receiving ratepayer funding. The new challenge for these funds will be to meet their fund mission and remain financially sustainable. Since their inception, the investment strategies of the funds have evolved with developments in the market. In the last few years, the wind industry in Pennsylvania has changed from modest-sized local companies to major international entities. Gamesa Corp., the second largest wind energy company in the world, has invested $84 million to create a manufacturing facility at the abandoned Fairless Hills U.S.
    [Show full text]