The energy service company (ESCO) business model could become significantly more effective by integrating the energy-efficiency purveyor and their capital into the underlying building ownership and operation partnership, rather than the current model in which the ESCO remains an outsider with higher transaction costs and limited interest and participation in the value created by the cost savings. Resource conservation advocates rarely use the language of real estate to articulate the cost effectiveness of capital improvements aimed at reducing utility costs in commercial and residential income properties. Conventional methods that rely on rarefied academic notions of simple payback time or a narrow definition of return on investment fail to capture a significant component of the true market value created by virtue of reduced operating expenses. Improvements in energy and water efficiency can increase the fundamental profitability of real estate investments by raising Net Operating Income (NOI), and hence returns during the holding period, and, ultimately, proceeds at time of sale. We introduce the concept of an Energy Services Partner, who takes an equity interest in a real estate partnership in exchange for providing the expertise and capital required to reduce utility operating costs. Profit to all partners increases considerably as a …

Document about the McKinney chapter of the Texas Society, Sons of the American Revolution.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Photograph of a scene during the Jazz and Blues Festival.

Effective Field theory is a powerful framework based on controlled expansions for problems with a natural separation of energy scales. This technique is particularly important for QCD, the theory of strong interactions, due to the vast diversity of phenomena that it describes. Stewart and collaborators have invented a new class of effective theories that can be used in processes with energetic hadrons. These Soft-Collinear Effective Theories provide a unified framework for describing hadronic processes which involve hard probes or the release of a large amount of energy. Many interesting issues about hadronic physics can be addressed with the soft-collinear effective theory. Examples include the size and shape of hadronic form factors, the universality of hadronic distribution functions for a plethora of processes, and the importance of subleading corrections at intermediate energy scales. Effective field theories allow these issues to be addressed using only the underlying symmetries and scales in QCD. Understanding these issues also has a direct impact on other areas of physics, such as on devising clean methods for the measurement of CP violation in the decay of B-mesons. Current progress on the soft-collinear effective theory and related methods is discussed in this report.