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Cusi on spoilage of 348 Sinovac jabs due to power outage: 'We cannot afford negligence'


DOE Secretary Alfonso Cusi (Photo from DOE Facebook page)
This, as Cusi acknowledged the “damage” caused to 348 vials of Coronavac–the vaccine manufactured by China’s Sinovac Biotech Ltd.–by a power outage in Makilala town, North Cotabato and the subsequent boo-boo of municipal workers there.
“I urge the diligence of everyone concerned so that this incident will not happen again. We cannot afford negligence or even a simple overlook to derail and affect the government’s vaccination drive,” he said in a statement over the weekend.
The DOE chief said that as per the report of Cotabato Electric Cooperative (Cotelco), a power outage occurred in Makilala at around 1:30 p.m. on Friday, May 7 that lasted for one hour and 30 minutes. ....

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AEP Reports Strong First-Quarter 2021 Earnings


0.13
EPS based on 497 million shares 1Q 2021, 495 million shares 1Q 2020, 497 million shares YTD 2021 and 495 million shares YTD 2020.
American Electric Power (Nasdaq: AEP) today reported first-quarter 2021 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $575 million or $1.16 per share, compared with GAAP earnings of $495 million or $1.00 per share in first-quarter 2020. Operating earnings for first-quarter 2021 were $571 million or $1.15 per share, compared with operating earnings of $504 million or $1.02 per share in first-quarter 2020.
Operating earnings is a non-GAAP measure representing GAAP earnings excluding special items. The difference between 2021 GAAP earnings and operating earnings for the quarter was due to the mark-to-market impact of economic hedging activities. ....

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