My first memory of Bay Neal was from the mortgage insurance heyday, 1984-ish. At the time, I was a young, impressionable branch manager for a medium-sized wholesale mortgage banker. The company I worked for was a mortgage player wannabe, trying hard to be up-and-coming in the mortgage business. On this memorable occasion, I, other b.m.’s, and the company’s self-important E.V.P’s, were being wined and dined by Ticor Mortgage Insurance Company at The Abbey Restaurant in Atlanta, Georgia. This was an over-the-top, extravagant dinner, so typical of the times, during which Ticor representatives intended to extract a commitment from my mortgage company for a high volume of insurable mortgage product. Ticor was a rival of Verex, a high-powered mortgage insurer and Bay’s employer. Evidently, Ticor’s primary purpose that night was to convince my bosses to choose Ticor over Verex.
Although I was middle management and not one of the decision makers, I overheard the names, “Bay Neal” and “Verex” spoken at the other end of the long dining table many times that evening. From the gossip, I ascertained that a Verex bigshot named Bay Neal had recently been gaining momentum in the fight to get my employer’s business. The choice of one of the most expensive restaurants in Atlanta, reserving the wine cellar for our private dining room, providing chauffeured transportation to and from our hotel so that we could be free to consume as much libation as we pleased, was to impress so highly that our bosses would certainly feel obligated to make a major commitment to Ticor. I’m certain they thought that there would be no way that Bay Neal or Verex could compete with that shindig!
After the four hour, multi-course dinner, our group of a few dozen mortgage bankers and mortgage insurers who were now the best of friends, staggered outside to hail our limos. …And, there, standing under the streetlight in front of the restaurant, opening the door of his luxury car for the president of one of the biggest mortgage banking firms in the country (a real mortgage player) was Bay Neal. I will never forget that moment. There he was with his white-blonde beach boy haircut, deep-water tanned face, and bright blue eyes, smiling broadly with those flashy pearly whites of his. He didn’t say it aloud, but I heard him think, “GOTCHA!” What he actually said was, “Fancy meeting you here! How was dinner, guys? Ours was great! See ya!”
That was Bay. Always a step ahead of everyone else, always smarter, always knowing what you were thinking before you did. Years after that memorable moment, after he and Barbara and Jim and I became close, good, good friends, I came to know that he was more than just a brilliant mind behind a handsome face. He was kind, thoughtful, and gentle. Bay was one of the last true gentlemen on this planet. And he was a loving person. Of course, we all know how much he loved Barbara and his human family, but he also dearly loved his kitties! A man who is devastated when his cat dies is a rare man who truly has a big, soft heart. …And, funny! He would come out with the most hilarious one-liners that would just slay me!
I will miss him, his wit, his smile, his heart. I am very, very appreciative of the fact of his friendship and will treasure the great memories that he gave Jim and me. The world is now a lesser place.
Karen Lee
Friday, July 15, 2011
Vermont Energy Plan Comments
My comments for consideration in the Vermont Comprehensive Energy Plan are based my experience as an energy and environmental conservation activist for over 35 years, as well as my recent experience as a renewable energy professional in Vermont.
Karen Lee
P.O. Box 974
Arlington, VT 05250
(802)375-6462
ENERGY PRIORITIES
I strongly recommend that we reprioritize our goals and strategies toward energy efficiency and energy production. Following is a list of topics, organized according in a logical, cost-effective order:
Top Priority. Efficiency and Conservation
The cost of space heating, operating inefficient appliances, and powering buildings is too expensive, environmentally and economically, to waste energy. (That’s just crazy!) We should spend most of our public resources in making certain that ALL buildings and operations in Vermont are as energy efficient as is reasonably possible.
Until we stop heating the outdoor environment
and stop wasting electrical power, our efforts to increase
our usage of renewable energy sources are counterintuitive.
Energy audits on all buildings and major appliances should be mandatory, not optional. Building owners should be required to install adequate insulation, upgrade outdated inefficient appliances, and other energy efficient retrofits. Low-cost financing should be available to all Vermonters, regardless of income and creditworthiness. (All buildings should be more energy efficient!) Monthly payments for efficiency financing should be collected by local utility companies as part of regular utility billing. When structured properly, the net monthly utility expense for consumers, given energy savings from efficiency, would be less than consumers are paying now. Efficiency financing could be funded privately by banks, credit unions, or other institutional investors. (Banks would appreciate the income stream.) An independent loan servicing company could serve as a conduit between utility companies and banks.
A reasonable household, per capita, electrical usage should be determined. Each household should pay electric fees to utility companies based on a sliding scale of increased rates for increased power usage, thereby encouraging consumers to use less electricity or to install on-site renewable energy systems, such as photovoltaic or wind systems.
Second Priority: Efficient thermal production for heating buildings
Other than transportation, Vermonters consume more energy for heating buildings than for any other purpose. Strong financial incentives should be provided to encourage property owners to retrofit their heating systems to carbon-neutral, sustainable-fuel based systems, including, but not limited to:
Highly efficient biomass burners
(Biomass fuel to be sustainably and regionally harvested using ecologically responsible practices)
Geothermal heat pumps
Solar space heating
(Viable when used in conjunction with biomass and/or geothermal systems)
An incentive program to develop a method for energy-efficient air-conditioning should be developed.
Third Priority: Thermal production for heating water
After efficiency upgrades, solar hot water technology is the lowest-hanging fruit in this discussion. Solar hot water systems work extremely well, even in Vermont! A large portion of Vermont’s fossil fuel consumption is spent toward heating water, but the sun shines for free! When designed properly, solar hot water systems will contribute more than 65% of the thermal energy necessary to meet the needs for domestic hot water.
Every homeowner, every dairy, every cheesemaker,
every restaurant, every hotel and inn, every laundromat,
and every other business that uses hot water
should have a solar hot water system in Vermont!
It is ridiculous that we are not better at educating the public about the benefits of solar hot water systems. Although modest state incentive programs are in place for solar hot water, the number of systems that have been installed is a drop in the bucket! Public officials should spend more time educating consumers about solar hot water and low-cost financing should be available to all property owners, regardless of income and credit-worthiness. We need to make better efforts toward the proliferation of solar hot water systems across the state. It is WRONG to spend more public time and to invest more public resources on production and installation of renewable energy technologies that are less efficient than solar hot water.
ALL energy experts agree that
SOLAR HOT WATER
IS THE MOST COST EFFECTIVE AND MOST ENERGY EFFICIENT OF ALL TYPES OF RENEWABLE ENERGY!
Why are more public discussions and many more tax dollars spent on incentives for other technologies? We need to do a better job of spending our resources on the most cost-effective energy efficient measures possible. Solar hot water may not be as sexy as other technologies (such as photovoltaic technology) but solar hot water gives us a FAR better bang for our buck.
Fourth Priority: Generation of Electricity
AFTER aggressive state programs are instituted to assure that the top three energy priorities are met, public resources should be spent toward the generation of electricity from renewable energy resource technologies, including, but not limited to:
Solar power
Wind power
Micro-hydro power
I support individual or small, local renewable energy electrical generation, rather than regional solar and wind farms due to efficiency and public acceptance.
ENERGY CONSIDERATIONS
The following topics for consideration during the evaluation and institutional of energy programs and policies should be (listed in order of importance):
Carbon emission reduction
Our first energy goal should be to lessen Vermont’s impact on global climate change by reducing carbon emissions.
Sustainable fuel source
All fuel sources should be harvested sustainably.
Environmental impact
Negative impacts on air quality, water quality, erosion, and other environmental considerations should be avoided.
Ecological impact
Negative impacts on the natural ecology should be avoided. For example, timber harvests should be conducted seasonally to reduce mortality of nesting species. Hydro facilities should not negatively impact local watersheds.
Local harvest
We should use regional resources for renewable energy materials. (No biomass from the Pacific Northwest or photovoltaics made in China.)
Economic cost
We should assure that renewable energy systems are incentivized based on cost-effectiveness.
Local jobs created
Vermont-based renewable energy companies that employ Vermonters should be given highest consideration for development and installation of efficiency upgrades and renewable energy systems.
SUMMARY
A smart energy policy will strengthen our Vermont economy. By encouraging locally conserved, locally generated, locally made, and locally harvested renewable energy, Vermont will set an example for other states to follow. We can establish a non-carbon based, energy-independent, healthy economy.
We have the technology, the resources, the demand, and the know-how to achieve our energy goals. All we need is the political will.
Karen Lee
P.O. Box 974
Arlington, VT 05250
(802)375-6462
ENERGY PRIORITIES
I strongly recommend that we reprioritize our goals and strategies toward energy efficiency and energy production. Following is a list of topics, organized according in a logical, cost-effective order:
Top Priority. Efficiency and Conservation
The cost of space heating, operating inefficient appliances, and powering buildings is too expensive, environmentally and economically, to waste energy. (That’s just crazy!) We should spend most of our public resources in making certain that ALL buildings and operations in Vermont are as energy efficient as is reasonably possible.
Until we stop heating the outdoor environment
and stop wasting electrical power, our efforts to increase
our usage of renewable energy sources are counterintuitive.
Energy audits on all buildings and major appliances should be mandatory, not optional. Building owners should be required to install adequate insulation, upgrade outdated inefficient appliances, and other energy efficient retrofits. Low-cost financing should be available to all Vermonters, regardless of income and creditworthiness. (All buildings should be more energy efficient!) Monthly payments for efficiency financing should be collected by local utility companies as part of regular utility billing. When structured properly, the net monthly utility expense for consumers, given energy savings from efficiency, would be less than consumers are paying now. Efficiency financing could be funded privately by banks, credit unions, or other institutional investors. (Banks would appreciate the income stream.) An independent loan servicing company could serve as a conduit between utility companies and banks.
A reasonable household, per capita, electrical usage should be determined. Each household should pay electric fees to utility companies based on a sliding scale of increased rates for increased power usage, thereby encouraging consumers to use less electricity or to install on-site renewable energy systems, such as photovoltaic or wind systems.
Second Priority: Efficient thermal production for heating buildings
Other than transportation, Vermonters consume more energy for heating buildings than for any other purpose. Strong financial incentives should be provided to encourage property owners to retrofit their heating systems to carbon-neutral, sustainable-fuel based systems, including, but not limited to:
Highly efficient biomass burners
(Biomass fuel to be sustainably and regionally harvested using ecologically responsible practices)
Geothermal heat pumps
Solar space heating
(Viable when used in conjunction with biomass and/or geothermal systems)
An incentive program to develop a method for energy-efficient air-conditioning should be developed.
Third Priority: Thermal production for heating water
After efficiency upgrades, solar hot water technology is the lowest-hanging fruit in this discussion. Solar hot water systems work extremely well, even in Vermont! A large portion of Vermont’s fossil fuel consumption is spent toward heating water, but the sun shines for free! When designed properly, solar hot water systems will contribute more than 65% of the thermal energy necessary to meet the needs for domestic hot water.
Every homeowner, every dairy, every cheesemaker,
every restaurant, every hotel and inn, every laundromat,
and every other business that uses hot water
should have a solar hot water system in Vermont!
It is ridiculous that we are not better at educating the public about the benefits of solar hot water systems. Although modest state incentive programs are in place for solar hot water, the number of systems that have been installed is a drop in the bucket! Public officials should spend more time educating consumers about solar hot water and low-cost financing should be available to all property owners, regardless of income and credit-worthiness. We need to make better efforts toward the proliferation of solar hot water systems across the state. It is WRONG to spend more public time and to invest more public resources on production and installation of renewable energy technologies that are less efficient than solar hot water.
ALL energy experts agree that
SOLAR HOT WATER
IS THE MOST COST EFFECTIVE AND MOST ENERGY EFFICIENT OF ALL TYPES OF RENEWABLE ENERGY!
Why are more public discussions and many more tax dollars spent on incentives for other technologies? We need to do a better job of spending our resources on the most cost-effective energy efficient measures possible. Solar hot water may not be as sexy as other technologies (such as photovoltaic technology) but solar hot water gives us a FAR better bang for our buck.
Fourth Priority: Generation of Electricity
AFTER aggressive state programs are instituted to assure that the top three energy priorities are met, public resources should be spent toward the generation of electricity from renewable energy resource technologies, including, but not limited to:
Solar power
Wind power
Micro-hydro power
I support individual or small, local renewable energy electrical generation, rather than regional solar and wind farms due to efficiency and public acceptance.
ENERGY CONSIDERATIONS
The following topics for consideration during the evaluation and institutional of energy programs and policies should be (listed in order of importance):
Carbon emission reduction
Our first energy goal should be to lessen Vermont’s impact on global climate change by reducing carbon emissions.
Sustainable fuel source
All fuel sources should be harvested sustainably.
Environmental impact
Negative impacts on air quality, water quality, erosion, and other environmental considerations should be avoided.
Ecological impact
Negative impacts on the natural ecology should be avoided. For example, timber harvests should be conducted seasonally to reduce mortality of nesting species. Hydro facilities should not negatively impact local watersheds.
Local harvest
We should use regional resources for renewable energy materials. (No biomass from the Pacific Northwest or photovoltaics made in China.)
Economic cost
We should assure that renewable energy systems are incentivized based on cost-effectiveness.
Local jobs created
Vermont-based renewable energy companies that employ Vermonters should be given highest consideration for development and installation of efficiency upgrades and renewable energy systems.
SUMMARY
A smart energy policy will strengthen our Vermont economy. By encouraging locally conserved, locally generated, locally made, and locally harvested renewable energy, Vermont will set an example for other states to follow. We can establish a non-carbon based, energy-independent, healthy economy.
We have the technology, the resources, the demand, and the know-how to achieve our energy goals. All we need is the political will.
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