Did you know that these days you can get wireless dog fence systems with GPS technology? It may not make the headlines in your local newspaper, but it’s a technology that can be extremely helpful to dog owners across the nation.
ISBN 978-0-19-884465-5.The world around us is changing so fast, and luckily for us, it’s making life an awful lot easier.
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Ringfencing also keeps customer information within the public utility business private from the for-profit efforts of the parent company's other business.Ī high-profile success story with utility ringfencing occurred during the Enron meltdown of 2001–2002 Enron acquired Oregon-based Portland General Electric in 1997, but the local power generator was ringfenced by the state of Oregon prior to the acquisition being completed. This is done mainly to protect consumers of essential services such as power, water and basic telecommunications from financial instability or bankruptcy in the parent company resulting from losses in their open market activities. One common form of ringfencing is when a regulated public utility business financially separates itself from a parent company that engages in non-regulated business.
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In the case of loans or bonds, ringfencing generally allows an investor to have both a link to a specific asset they possess (such as wind farms owned by a utility), while also enjoying the full credit support of a utility's balance sheet. This petroleum fiscal regime can be seen in other countries as well. In the United Kingdom, ring fence profits arise from income and gains from oil extraction activities or oil rights in the UK and UK continental shelf, and are subject to a higher rate of corporation tax. It can also be used as a method for mitigating liquidation risk or to improve a corporate credit rating. In asset protection arrangements, ring-fencing can be employed through segregating specific assets and liabilities into separate companies of a corporate group.