utilivisor is a privately held energy advisory firm based new york , ny that installs , reads and invoices utility submeters and improves the efficiency of hvac equipment through monitoring for hospitals , universities and class a office space .

utilivisor

utilivisor <EOT> my staff and i use utilivisor constantly for improving operation of our chilled water plants . the web advisory service provided by utilivisor is unique and allows us to sustain the savings and identify problems we never knew . utilivisor was definitely worth our investment and we are looking to expand utilivisor’s services to other critical systems .

emcor360 is powered by utilivisor , software licensed from utility program and metering company .

emcor 360 is powered by utilivisor , software licensed from utility program and metering company .

utilivisor monitoring justified upgrading systems at the district energy plant using real time consumption and cost data . utilivisor data analysis enabled the hospital to receive funding through the american recovery and reinvestment act to upgrade it’s :

technical support by daily analysis of utilivisor installed projects in utilivisor’s nyc operations center . building operations knowledge and chiller , boiler and pumping systems troubleshooting . analytical review of building performance and the relation to energy savings .

utilivisor implementation began in the summer of 2007 . since then utilivisor has achieved considerable energy efficiency improvements , translating to $ 3 . 7 million , or about $ 1 million per year , in verified cost savings .

operating engineers at utilivisor’s state - of - the - art operations center use the utilivisor web based plant analysis platform to recommend the most energy efficient operating strategies to the plant staff without sacrificing comfort at the hospital or mission critical research conditions at the labs . utilivisor engineers’ recommendations to staff at this new york cancer hospital included :

utilivisor is the leader in continuous energy oversight capabilities powered by the utilivisor platform . its engineering staff , experienced in building operations , utility plants , and metering systems is complimented by a team of professional billing . . .

utilivisor’s unique monitoring system offers the most accurate way to measure plant performance . monitoring enables the plant staff and utilivisor to view the energy efficiency of the individual systems and the plant as a whole – justifying energy upgrades with real data and cost calculations .

utilivisor also secured a $ 198 , 000 incentive from nyserda for reducing energy consumption by 1 . 2 million kwh in the first year

the public buildings authority of puerto rico has awarded a contract to utilivisor for energy monitoring services for the minillas government center in san juan .

the utilivisor system’s unique handling of interval data enables it to seamlessly calculate coincidental demand , which would otherwise be impossible to do accurately and efficiently .

the utilivisor system in conjunction with the “hartz team” corrected many of the chronic comfort complaints tenants experienced . utilivisor also ensured the morning warm up was properly accomplished . this resulted in a decrease in electrical demand in the winter months because the electric heaters no longer had to run during peak hours .

“utilivisor has not only been instrumental in helping hackensackumc reduce its carbon footprint , they have created the capital investment needed for future energy projects on our campus , ” said john nesbitt , director of infrastructure at the medical center , in a statement . “as a result of the utilivisor project , all future energy projects can be evaluated using actual past plant performance data — and will be measured and verified through utilivisor’s web - based monitoring system . ”

utilivisor’s energy plant services began implementation at the largest of the plant’s in the district energy system in 2007 . utilivisor has since been expanded to all of the plants in the system as well as the air handling units at the research labs to provide truly “end - to - end” continuous energy oversight .

utilivisor’s web - based submetering services and billing analysis are backed by the support of an experienced submetering team . utilivisor has enabled eleven times square to account for utility consumption costs from their tenant all in a completely verifiable manner . in addition , the tenant has found the transparent nature of the process a welcome benefit .

) - - the public buildings authority ( pba ) of puerto rico has awarded a contract to utilivisor for energy monitoring services for the minillas government center in san juan .

on an ongoing basis , the interface with utilivisor enables continuous remote monitoring of the plants ; monthly cost reports are submitted to nyph engineers suggesting on - going system improvements .

utilivisor provided project management services to coordinate the implementation of a new bms control system at this facility . this program was performed in connection with commissioning the performance of the rooftop systems and the functioning of the electrical perimeter heating system . utilivisor was installed monitoring data from the andover system and identified additional operating problems . these problems included the following :

using utilivisor’s unique cavee process , which ensures data is correctly associated with the customer , has the capability to identify faulty data and make accurate estimates of usage based on past history .

utilivisor provides utility submetering and tenant billing for complex commercial applications . tenant billing provides the owner with a customizable , expandable , and dependable process for owners to recover utility costs from their leaseholders .

our exclusive suite of mobile applications makes it easy to access real - time intelligence about your energy usage and critical building systems from any smartphone or tablet—no matter where you are . it’s all part of the utilivisor continuous energy oversight approach .

at a time when financial savings are critical to the future of every company and institution , utilivisor can help you take control of energy expenditures and create a plan to increase efficiencies , train your staff and save money—all with minimal capital expenditure .

hackensack , n . j . — hackensack university medical center ( hackensackumc ) is known for making operational efficiency and environmental impact a priority , and its latest endeavor involves awarding a contract to utilivisor for energy monitoring and optimization services for the hospital’s central boiler plant .

our operations center monitors your systems and recommends adjustments in order to determine costs on a day - to - day , and even hourly , basis . this is a key differentiator between utilivisor and other companies , allowing our team to focus exclusively on solving complex problems .

this is the second energy efficiency project that utilivisor has performed at hackensackumc . in 2010 , the company was contracted to create a customized web - based monitoring system and operations energy data analysis for the hospital’s chilled water generation plant . in the central plant operations alone , utilivisor helped the medical center achieve savings of more than $ 700 , 000 through smart management , including more than $ 400 , 000 through continuous energy oversight of the chiller plant . now in the second year of that project , the company continues to help improve the chilled water plant operations and energy savings .

predictive analysis by nyp’s energy advisory firm , utilivisor , provides nyp - columbia with energy forecasting capabilities based on models of existing equipment operations . the new service accurately forecasts building cooling loads and utility meter power consumption / peak demand at hourly , weekly and monthly intervals based on the weather forecast .

washington , aug 01 , 2017 ( business wire ) - - utilivisor , a leading provider of submetering and energy plant oversight services for the purpose of increasing efficiency , is developing and implementing a state - of - the - art submetering system for the union station transit and retail complex in downtown washington , dc .

on an ongoing basis , utilivisor will be responsible for reviewing data integrity for the ecms and will validate the measure variables . the firm will review all data collection in order to validate the monthly energy savings and will provide the pba with ongoing recommendations for improved operating performance of all building systems to ensure energy efficiencies are maximized .

with a combined total chilled water generation capacity of 23 , 000 tons , the district energy plant utilizes both steam and electric chillers to produce chilled water to over one million square feet of hospital and research facilities . this private cancer center turned to utilivisor to help reduce its multi - million dollar energy bill through energy efficiency .

“our predictive analytics forecast the building’s cooling and power loads within 5 % of actual loads , which helps operators to sequence the proper equipment without resetting the building’s demand value . this enables the facility to maintain the lowest demand value on a month - to - month basis ; ” explained chris angerame , vice president of engineering at utilivisor .

“we anticipate that monitoring the boilers at hackensackumc will cut overall gas usage by 10 percent , resulting in an annual savings of $ 116 , 000 per year , ” said peter angerame , utilivisor’s director of sales . “the total project payback will be achieved in less than one year , with savings continuing to accrue well into the future . ”

nyph wanted to get a better handle on the metering and billing of its energy services . the hospital also wanted to improve the energy efficiency and cost - effectiveness of its existing facilities , focusing on chilled water generation efficiency . nyph turned to utilivisor , an energy advisory firm , to provide a web - based monitoring system and operations center energy analysts .

with predictive analysis modeling , utilivisor and the building energy team have the ability to input any array of equipment configurations to determine what the plant efficiency will be if changes or enhancements are made to ongoing operations . the models predict building demand set - points for such scenarios as forecasted weather and historic energy usage , enabling owners to optimize a plant’s sequence of operations .

utilivisor is a leading energy advisory firm that uses specialized applications and real - time data measurement to provide clients with comprehensive monitoring and metering solutions . measuring and analyzing are two core offerings , our real value lies in the insights we uncover about your energy usage . in turn , those insights inform the strategies and measurement methods we employ to maximize efficiency in your operations .

utilivisor has an exciting opportunity for a systems engineer desiring to work in new york city tri - state area . to be considered for this position , you must have demonstrated knowledge of building electric and hvac mechanical systems , building automation , internet communications and desktop information systems . also , you must enjoy working with diverse groups of people as this is a customer facing position .

as a privately - owned company in new york city , utilivisor is comprised of a large team of talented , driven and dedicated energy experts . our combined experience in building operations , central / chilled water / boiler , cogeneration plants and metering allows us to provide clients with unparalleled insights into their energy usage and , more importantly , offer them sound strategies for sustained energy savings .

beyond our experienced team and thirty - five years of proven success , utilivisor offers clients the unique benefit of being product agnostic . this means we don’t make or sell meters , software or any hardware . so when we recommend a product as part of our energy efficiency strategy , it’s because we believe it’s the best solution for your needs—not because we have a personal stake in it .

utilivisor will install a web - based energy monitoring system for the medical center’s boiler plant . the system will supply real - time data over the internet to the company’s operations center , where energy engineers will analyze the information to figure out the most efficient operating strategies during all load conditions . it will determine the plant’s energy consumption , allowing the equipment to be fully optimized on an ongoing basis .

started over three decades ago , utilivisor is a national company helping well - known clients and properties to optimize their energy usage . our in - depth expertise and hands - on experience in the utility and energy plant industry , has allowed us to develop unique processes that continually yield results for our clients . but don’t just take our word for it , we’ve got the numbers to back it up .

this is due in part by optimizing chiller plant operations in “real time” based on continuous remote energy monitoring and oversight by utilivisor , an energy advisory firm . in 2014 and 2015 , nyp - columbia saved an additional $ 130 , 000 after implementing the firm’s predictive analytics / operating matrix , which uses a 1o - day weather forecast to enable plant operators to optimize chiller plant performance based on anticipated weather changes .

under its contract , utilivisor will review honeywell’s energy baseline methodology for nine energy conservation measures ( ecm ) in order to validate that a measurable method exists for the proposed energy improvements . the ecms include lighting upgrades , chiller plant upgrades , air distribution improvements , water and sewer improvements , power factors , solar panels installation , wind turbine installation , improvements to the building envelope , and installation of a building automation system .

george bush intercontinental airport in houston services over 40 million passengers annually . chilled water at the airport is provided to over 50 buildings by a chilled water plant with installed capacity of 23 , 000 tons . td industries , a utilivisor licensee that operates the plant , was tasked with reducing energy costs at the airport . to achieve this objective in a verifiable manner , the plant operators needed a way to view performance on a real time basis .

working directly for the pba , utilivisor will provide 10 years of third party independent measurement and verification services and assist the agency in achieving its energy efficiency goals . puerto rico governor luis fortuño has called for all public agencies to reduce energy consumption by at least 10 percent ; as a result , the pba awarded an energy performance contract to honeywell for the minillas complex . the entire retrofit and energy conservation project at the minillas government center is being managed by alvarez - diaz + group , psc .

supplied by new york - headquartered utilivisor and installed by tdindustries of dallas , the system is an effective tool for the analysis of large district cooling and heating systems , steam plants and chiller plants . the web - based , networked solution , built on open standards , works in real time and defined timeframe increments to collect and format data , monitor operations and equipment errors , and deliver oversight via web - based alerts . based on the data , operators can track and improve performance to optimize energy efficiency .

the utilivisor / td industries project team began the process by verifying the accuracy of the plant’s energy measurement devices so that performance , as well as the energy cost to generate chilled water , could be monitored holistically . technicians found that a number of sensors and energy meters were malfunctioning and needed to be replaced in order to receive accurate data . the measurements from all these devices were then routed through multiple automation systems that push the data to the web , providing the operating engineers with a complete picture of energy consumption at the plant , with updates every five minutes .

td is proud to help fire departments improve safety and efficiency by installing firefighter air - replenishment systems ( fars ) . with these systems , firemen can refill air canisters inside structures , allowing them to focus on fires .

td is ready to guide texas and arizona customers through the purchase and installment phases . interested in learning more ?

your project is in safe hands with tdindustries . we will never , under any circumstance , compromise on safety .

our innovative end - to - end design and construction philosophy guarantees greater efficiency in each and every phase .

the roberto sánchez vilella government center , commonly known as minillas government center , houses offices for the department of consumer affairs , the permits and regulations administration , the planning board , the corporation for the arts , the family department , the government development bank , the department of transportation and public works , the highway and transportation authority and the pba . the complex encompasses over 800 , 000 square feet .

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new york presbyterian hospital ( nyph ) has two major campuses in new york city : nyph - cornell ( downtown ) and nyph - columbia ( uptown ) . together they comprise more than 8 million square feet of research and hospital space , and include an extensive grid of legacy utility plants . these provide steam , chilled water and electricity , and also allow adjacent users like cornell medical school to purchase excess capacity .

there were significant challenges . some of the buildings are more than 100 years old and equipment included a variety of chillers with both steam turbine and electric drivelines as well as dual compressor centrifugal chillers with 4 , 500 - ton capacities . steam was being generated from both a boiler plant and a cogeneration system .

when looking for ways to be most cost - effective , the chilled water plants emerged as likely candidates . at the time , the generation of chilled water was costing the hospital in excess of $ 20 million per year . all existing equipment was tested for accuracy , and data from the various systems was pulled together in one platform and pushed to the web . once all of the accurate data collection was completed , an analysis was done to understand how all the system components were working and determine the most efficient method of operating the plant .

in addition to the optimization , the existing metering system was evaluated to ensure billing accuracy . on the downtown campus , new submetering will enable nyph to verify its billing accuracy for each period of time according to the rate structure and company / utility provider agreement . the system will generate audits of all utility bills and perform exception reporting to compare any variations with previous months .

for an initial capital investment of approximately $ 825 , 000 and a yearly monitoring cost of $ 85 , 000 , nyph has realized savings in excess of $ 1 . 75 million within the first six months of the project being implemented . and the efficiencies the program has created will allow the hospital to better handle the load requirements for future expansions .

whether you operate a hospital , university , data center or multi - use class a commercial office building , our energy plant services are designed to monitor and interpret energy use in real - time . our energy plant solutions provide insights and recommendations to help maximize efficiency and minimize capital expenditures .

business owners and property managers have enough to do without worrying about the accuracy of energy consumption and submetering . our energy metering services make it easy to manage and measure utility consumption for cost recovery . we employ the latest energy metering technologies to ensure your clients are billed appropriately and accurately .

designed to keep you informed even when you’re away from your desk , our mobile apps allow you to access information , track system and utility plant performance , and identify real - time energy demands from a smartphone or tablet .

135 w . 36 th st . new york , new york 10018 212 . 260 . 4800 info @ urltoken

711 wells street , suite 210 delafield , wisconsin 53018 262 . 271 . 1215 tech @ urltoken

our leadership team includes industry leaders with vast experience in engineering technology , billing analysis and support .

our web - based software and information hub makes it easy for you to monitor progress , check reports and make sure everything is running as efficiently as possible . but behind that web interface is an actual operations center , staffed by a team of expert engineers—all working around the clock to collect real - time data , analyze it and adjust strategies if necessary . it really is like having your own personal team of energy efficiency experts on staff to solve your complex technical issues .

if a real - time feed is not available , such as in a remote area , our app will allow building staff to read local meters . those readings then get automatically pushed via the internet to our energy analysts to generate monthly bills .

contact us for more information about how our services and mobile apps can help you stay on top of your energy needs .

a program of continuous energy monitoring and chiller plant optimization implemented in early 2014 at two texas tech university district chilled water and steam plants has saved more than $ 200 , 000 in energy costs as of june 2015 – exceeding both the university’s initial capital investment in the program and the performance guarantee under its three - year contract . the monitoring system serves the texas tech university campus , the texas tech university health sciences center ( ttuhsc ) and university medical center . all in lubbock . texas .

texas tech university ( ttu ) was created by legislative action in 1923 and the college opened in 1925 with six buildings and an enrolhnent of 914 . in 2015 - 2016 , ttu had an enrollment of 35 , 158 with a set goal of reaching 40 , 000 by 2020 , and many experts predict that could happen by 2018 .

the ttu utilities group has focused on addressing and meeting the challenges of optimizing the complex district utility plants that serve its two lubbock campuses .

ron tarbutton , director of physical plant at twu , was concerned that the cup was operating in a sub - optimized mode . he knew that dramatic improvements could be made in its efficiency . however , he did not know the cost of installation , monitoring or the estimated roi for implementing the process variables necessary to achieve peak operating efficiency . twu’s goals were to :

, a time - shared data collection and analysis tool that uses the internet to measure , present and analyze key facility indicators . following the demonstration , twu asked td to complete a detailed survey of the central chiller plant and submit a proposal . td team members worked with twu staff to :

system involved a total cost of $ 75 , 000 with a one - month installation period . td projected an annual energy savings to twu of $ 96 , 000 . twu immediately approved funding because of the short payback period . results to date include :

energy consumption has been reduced $ 16 , 000 during the coldest three months of the plant’s operating season .

the online energy dashboard shows ‘real time’ impact on costs and provides 24 / 7 monitoring of the chilled water plant to maximize performance .

twu and td have identified several potential changes / retrofits to further increase savings and smooth operation .

in the central plant for the eight - story t . boone pickens institute of health sciences – dallas center , currently under construction .

tdindustries and a key component of the solutions group’s approach to continuous building oversight .

the newest addition to the midtown manhattan skyline , eleven times square – a 40 floor ‘class a’ office tower – is one of new york city’s premier commercial properties .

designed an expandable web based utility grade submetering system that monitors tenant space and consumption remotely .

tested , reconciled , and proved the accuracy of the system to ensure end - to - end cost recovery .

the system can be easily expanded to steam , chilled water and condenser water measurement for supplemental a / c units .

this process allows our experts to audit every utility bill and piece of energy meter data to deliver accurate and verifiable billing for the facility – every time .

hartz mountain industries , one of the largest privately held real estate owners / developers in the united states , owns and operates 1200 east ridgewood avenue , located in ridgewood , new jersey . parkview plaza is an 111 , 458 sq ft , three story medical / office building built in 1984 .

supplemental cooling is provided by eight rooftop units , split per zone , and heating is delivered by electric baseboard radiation . the automation system was upgraded to an andover control system utilizing the existing circon digital variable air volume box control .

building management noted severe comfort problems in this building , no matter what season . in the winter , the building never recovered from temperature setback at night and during the summer tenants complained of uncontrolled temperatures . the building tenants were a combination of financial service / trading areas in addition to medical offices .

incorrect building warm - up and cool - down procedures which forced electric heaters to run during peak hours .

“the most important feature a company can offer related to the chiller and plant management is the ongoing and continual supervision of the operations of the systems without that you will not maximize the performance of the plant and money will be wasted in energy efficiency” .

we’re always looking for motivated , talented people to join our team . if you are an outgoing , service - minded hands on engineer , billing analyst , customer service representative , technical support provider or office administrator , we’d love to chat . contact us at info @ urltoken to find out which open positions we have . privacy policy

the greatest energy savings available to larger airports can be generated from a facility’s existing chiller plant operation , where even small tweaks can result in significant improvements . today’s web - based monitoring systems can be an effective tool . . .

our web - based approach combines real - time data from your facility with our team’s expertise to provide actionable insights , valuable recommendations and a plan for optimization . far from a one - size - fits - all approach , every plan is uniquely tailored to each individual facility , and changes according to the changes your business experiences . once the recommended optimizations are put into action , you can expect to see measurable savings within 60 days—with very little capital expenditure on your part .

when you enlist our energy plant services , we don’t just hand you a plan and disappear . we provide the ongoing support and expertise necessary to improve the efficiency of your operation , even when things are changing on a daily basis . below are just a few of the support services we provide :

while other companies look at adding components , selling products and systems separately , we take a holistic approach and continually optimize your entire energy plant . our process starts with an analysis of the central energy plant and examines every facet of energy expenditure , using the existing automation system and other accurate power / energy measurement systems in order to maximize your savings . as the efficiency of your plant changes , so do our recommended strategies , ensuring that the savings continue .

we evaluate the design and efficiency of the central plant , with particular attention to total system performance . that continual assessment is then used to provide initial and ongoing recommendations for energy cost management and reduction .

our unique suite of web - based software is built on open standards and works in real time ( and defined time increments ) to collect and formulate data , which is then turned into a defined solution that results in an actionable and measureable , cost - saving plan .

our remote operations center is securely connected to your building’s systems , enabling us to gather data in a completely protected and secure way .

our monitoring and measuring services can help ensure you are maintaining your leed certification status , or provide additional information to increase your rating . also provide the tracking and reporting for utility incentive programs ; relating to energy efficiency and system upgrades .

with efficiency and financial savings as the priority , our approach optimizes your existing systems to perform at the highest possible levels . our quality standards , technical proficiency , and unmatched problem - solving skills all come together to provide realistic recommendations that you can act on—and results you can count on .

a comprehensive review of your equipment’s performance and system operating costs on a real - time basis .

daily monitoring by experienced engineers to analyze and optimize central energy plant performance in order to develop new operating strategies .

an online blog , maintained by our operations center , keeps track of real - time data , system performance and monitors system alerts based on set operating thresholds and performance criteria .

savings are documented and reported on a monthly basis and compared to the base year’s operating costs with weather normalization .

the process is continually repeated and plans adjusted regularly to ensure that systems are performing optimally all year round .

this premier cancer center provides patient care , research and educational programs along with being staffed by the world’s best physicians and scientists . the facilities are constantly renovating and expanding to meet the growing needs of their patients in their fight against cancer .

new york – presbyterian hospital ( nyp - columbia ) is increasing its chiller plant performance– and reaping big savings – with the use of weather forecast - based analytics . the hospital saved approximately $ 6 . 5 million from may i , 2010 through may 31 , 2015 compared to its baseline chiller plant performance ( on average , $ 1 . 3 million a year ) .

striving for continuous improvement in quality and operations distinguishes nyp , which is nationally recognized for the quality of its health care and for its environmental sustainability . in 2014 , nyp received the u . s . environmental protection agency ( epa ) energy star partner of the year - sustained excellence award for its long - term commitment to energy efficiency .

one of nyp - columbia’s long - term energy initiatives is continuous improvement of its chiller plant operations . the 8 , 800 - ton central plant serving the 4 , 000 , 000 - sq - ft campus in new york city comprises seven york chillers – three 2 , 000 - ton steam - turbine - driven chillers , three 2 , 000 - ton electric - motor - drive chillers ( one with a variable - speed drive ) , and one 2 , 800 - ton steam - turbine - driven chiller – and fourteen 75 - hp cooling tower fans .

based on prior performance metrics , the predictive analysis models forecast the optimal sequence of equipment operation in conjunction with utility rates for chilled water plants , hot water , steam , and power generation .

nyp - columbia chiller plant operators view a graphic matrix of the predictive analysis on a dedicated user web page at the service’s operations center in new york city . the matrix presents the optimal chiller sequence and operations points by time of day and provides graphic alerts when plant efficiency drops below the target .

“predictive analysis shows our tonnage based on the weather forecast for a given day , which helps us tremendously , ” said rawlins callender , chief / plant supervisor and facilities services management at new york presbyterian hospital . “for example , if the matrix shows that we will stay within 4 , 000 tons for the day , there is no need to start our 2 , 800 - ton chiller ; as a result , we save energy . similarly , we see our minimum and maximum wet bulb and dry bulb temperatures for the day , which enables us to effectively stage our cooling towers . this is a much clearer and sharper way to operate . ”

in 2015 , optimization of chiller plant sequencing using predictive analysis yielded approximately $ 37 , 000 in savings above existing savings “what if” analyses . this results in better optimization of plant equipment and greater energy savings from continuous remote energy monitoring and oversight in 2014 . similarly , chilled water pump staging yielded approximately $ 49 , 000 in additional savings and cooling tower selection ( based on total chilled water flow / chiller tonnage ) staging saved another $ 21 , 000 – all with no capital outlay .

operators also receive real - time alerts when plant performance decreases , enabling them to stage down chiller equipment as outdoor temperature drops . this is advantageous during the “shoulder months” of april , may , october , and november . at nyp - columbia , every hour that the plant is not operating at low loads during these months represents approximately $ 145 in additional savings . maximizing on these temperatures represented approximately $ 23 , 000 ( 157 hours ) saved through december 2015 .

based on actual operating data , the models provide accurate , timely forecasts of future energy demands , greatly increasing the accuracy of “what if” analyses . this results in better optimization of plant equipment and greater energy savings .

even more important , said rawlins callender , predictive analysis enables operators to maintain a consistent comfort level for nyp’s patients . “in every aspect of care ; ’ he said , “nyp puts patients first . ”

the greatest energy savings available to larger airports can be generated from a facility’s existing chiller plant operation , where even small tweaks can result in significant improvements . today’s web - based monitoring systems can be an effective tool for the analysis of large chiller plants and district cooling systems . built on open standards , they offer networked solutions that collect and format data in real - time and defined timeframe increments , monitor operations and equipment errors , and deliver oversight via web - based alerts and alarms . based on the information generated , engineers are able to track performance and remedy any malfunction in order to optimize energy efficiencies .

the monitoring process starts with an initial analysis of chiller plant operations . in most cases , industrial measurement devices are installed and existing equipment tested for accuracy . the data from the various systems is pulled together in one platform with data routed to an automation system and pushed to the web every five minutes via ftp . once all of the accurate data collection is complete , an evaluation is done to understand how all chiller plant components are working and to determine the most efficient method of operating the plant .

once the initial reconfigurations have been achieved , the web interface enables continuous remote monitoring of a plant to ensure optimum operation is maintained on a continuous basis . monthly reports are submitted to the airport’s operating team suggesting necessary system enhancements or improvements .

with new airport facilities , generating ongoing energy savings can be achieved through a comprehensive monitoring - based commissioning ( mbcx ) process to ensure that all building systems remain “in tune . ” it is common knowledge that buildings rarely perform as intended . that’s why mbcx is beginning to emerge as an important new approach to keep buildings operating at maximum energy efficiency . complementing other energy savings strategies , it refers to the “soft” process of verifying performance and design intent and correcting deficiencies through a continuous web - based monitoring program .

already there is plenty of anecdotal evidence out there showing the value of monitoring - based commissioning in identifying savings opportunities that would not otherwise have been found . a recent study prepared for the california energy commission by lawrence berkeley national laboratory stated : “on a portfolio basis we find mbcx to be a highly cost - effective means of obtaining significant portfolio / program - level energy savings across a variety of building types . mbcx helped identify a very wide range of deficiencies . anecdotal evidence shows the value of monitoring in identifying savings opportunities that would not otherwise have been identified . ”

by adding utility rates to the equation , the team was able to determine the real - time cost to operate the chiller plant . an analysis of chiller plant performance under a variety of operating scenarios and load conditions was performed , leading to the implementation of several no - cost energy conservation measures . these included : plant equipment sequencing ; providing an ongoing energy balance between the gas consumption , steam production , and chilled water production ; recommissioning and reprogramming sequences on the hot gas bypass and inlet guide vanes of the existing chillers ; reconfiguring water treatment pumping schedule to reduce pumping kw ; and sequencing chilled water pumps based on needed flow thresholds .

energy conservation measures for the first quarter of 2011 showed verified savings of over $ 200 , 000 . based on the plant load required during the remaining nine months of the year , annual energy savings are expected to eclipse $ 1 million with a payback on the project of 1 . 5 years .

for airports looking to get a better handle on their existing energy costs and new facilities seeking to maximize their investment in sophisticated chiller equipment and building automation system technologies , remote energy monitoring offers a cost effective means of realizing greater energy efficiencies and lowering operating costs over the life cycle of a facility . monitoring offers an important risk - management strategy leading to verifiable and durable energy demand reductions for any size airport .

active learning classroom , california institute for men , dick & fritsche design group , eastern u . s . , sd crane builders

the project is being performed as part of the pse & g hospital efficiency program , a $ 129 million carbon abatement initiative that will fund installation of energy conservation measures at about 35 hospitals in the utility’s service territory . pse & g provides an investment - grade audit at no cost to the customer and offers various cost - effective energy conservation measures that impact the hospital’s energy efficiency and meet the criteria of the program , such as having a payback of less than 15 years .

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emcor group , inc . launches emcor360 ( tm ) energy solutions | business wire

) - - emcor group , inc . ( nyse : eme ) , a fortune 500

leader in mechanical and electrical construction , energy infrastructure and facilities services for a diverse range of businesses globally , today announced the launch of emcor360 energy solutions , an innovative new product that allows facility owners and operators to better manage their energy budgets by analyzing usage data and implementing solutions to enhance overall performance of their energy usage systems .

s components and system controls , is a product - neutral process that can accommodate any equipment brand or model . the data is transmitted to an emcor team that identifies less - than - optimum system operations and areas with a high cost - saving potential . based on this information , emcor

s certified energy managers apply their critical knowledge and expertise to create solutions for facility owners and operators . this web based , real - time process of collecting and analyzing data repeats continually , offering the opportunity for continuous improvement in energy savings .

we get to the root cause of problems and allow facility owners to see significant payback within a one to two year period .

the reporting process for emcor360 is flexible and can be customized to the specific needs of a range of recipients , from cfos , to facility managers , to equipment operators . whether the goal is optimal comfort and convenience , leed accreditation , or reduced energy costs , emcor360

s effectiveness is driven by the data it collects , based on the specific needs of each facility and the expertise that drives the entire process .

s where we make the difference . our experts are able to apply a broad range of knowledge in order to recommend the best solutions .

a fortune 500 company with over $ 5 . 0 billion in annual revenues , emcor group , inc . ( nyse : eme ) is a global leader in mechanical and electrical construction , energy infrastructure , and facilities services . emcor gives life to new structures and sustains life in existing ones by its planning , installing , operating and maintaining the sophisticated and dynamic systems that create facility environments - - - such as electrical , mechanical , lighting , air conditioning , heating , security and power generation systems - - - in virtually every sector of the economy and for a diverse range of businesses around the world . emcor represents a rare combination of global reach with local execution , combining the strength of an industry leader with the knowledge and care of 170 locations worldwide . the 28 , 000 skilled employees of emcor have made the company , in the eyes of leading business publications , amongst america

s diversity - - - in terms of the services it provides , the industries it serves and the geography it spans - - - has enabled it to create a stable platform for sustained results . the company

s strong financial position has enabled it to attract and retain among the best local and regional talent , to undertake and complete the most ambitious projects , and to redefine and shape the future of the construction and facilities services industry . additional information on emcor can be found at

this release may contain certain forward - looking statements within the meaning of the private securities reform act of 1995 .

s perception thereof , as of this date , and emcor assumes no obligation to update any such forward - looking statements .

these forward - looking statements may include statements regarding market opportunities , market share growth , gross profit , project mix , projects with varying profit margins , and selling , general and administrative expenses .

these forward - looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward - looking statements .

s services , adverse business conditions , availability of adequate levels of surety bonding , increased competition , unfavorable labor productivity , mix of business , and risks associated with foreign operations .

s 2006 form 10 - k , its form 10 - q for the third quarter ended september 30 , 2007 , and in other reports filed from time to time with the securities and exchange commission .

all these risks and factors should be taken into account in evaluating any forward - looking statements .

emcor group , inc . mava heffler , 203 - 849 - 7814 vice president , marketing & communications or linden alschuler & kaplan , inc . media : josh epstein , 212 - 575 - 4545

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norwalk , conn . - emcor group inc . , a mechanical and electrical construction , energy infrastructure , and facilities services provider for a diverse range of businesses globally , has announced the launch of emcor360 energy solutions , which will allow facility owners and operators to better manage their energy budgets by analyzing usage data and implementing solutions to enhance overall systems performance .

according to the contractor , “the emcor360 system collects data from a variety of points between a facility’s components and system controls . ” it is described as “a product - neutral process that can accommodate any equipment brand or model . ”

data are transmitted to an emcor team that identifies less - than - optimum system operations , as well as areas with high cost - savings potential . based on this information , the company’s certified energy managers apply their critical knowledge to create solutions for facility owners and operators .

the web - based , real - time process of collecting and analyzing data repeats itself continually , “offering the opportunity for continuous improvement in energy savings , ” the company said .

“by targeting areas with the greatest potential for improvement , emcor360 typically allows customers to realize energy savings of between 5 and 15 percent by reducing energy consumption , improving operating efficiencies , and enhancing building performance , ” said frank t . macinnis , chairman and ceo of emcor group . “we get to the root cause of problems and allow facility owners to see significant payback within a one - to two - year period . ”

the reporting process is flexible and can be customized to the specific needs of a range of recipients , from chief financial officers to facility managers and equipment operators . the program can be applied toward a range of goals , the company said , including optimal comfort and convenience , leed accreditation , or reduced energy costs . the collected data runs the process .

“although we use advanced technology to extract energy - use data from system components , emcor360 is more than just a software solution , ” said macinnis . “data means little without context , and that’s where we make the difference . our experts are able to apply a broad range of knowledge in order to recommend the best solutions . ”

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in the july 9 th issue of the news , we look at the latest effects of the new tariffs . also , the best new equipment from various trade shows .

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finanziaria d'investimento fininvest s.p.a. known as just fininvest s.p.a. is an italian holding company controlled by the berlusconi family and managed by silvio berlusconi 's eldest daughter marina berlusconi .

fininvest

fininvest <EOT> the manes , trademarks and logos on the site are the property of fininvest and / or companies belonging to the fininvest group ( together referred to as the fininvest group ) .

the internet site urltoken ( the site ) is an online information service provided by fininvest s . p . a . ( fininvest ) .

kojam fininvest ltd . stock price , share price , live bse / nse , kojam fininvest ltd . bids offers . buy / sell kojam fininvest ltd . news & tips , & f & o ; quotes

to head off piling debts , fininvest has unloaded 92 million shares in mediaset .

these may not used on any other site or other media without the prior consent of fininvest or the legitimate owners .

the documentation , images , characters , design and layout of the site are the exclusive proerty of fininvest or used under licence by the company .

parent company cir launched the claim after a ruling that judge vittorio menta had been bribed to rule in favour of fininvest during the takeover of mondadori in 1991 .

mr . silvio berlusconi , chairman of ac milan , has approved the preliminary contract signed by mr . danilo pellegrino , c . e . o . of fininvest , and mr . han li , representative of a group of chinese investors , concerning the purchase of the entire stake owned by fininvest in ac milan equal to 99 . 93 % .

the capital structure page of kojam fininvest ltd . [ merged ] presents the authorized capital , issued capital , and paid - up equity capital of the company over the period .

consolidated revenues of the fininvest group for the year 2016 amounted to 5 , 050 . 8 million euros , up 6 . 6 % compared to 4 , 736 . 3 million in 2015 .

the net financial position of the fininvest group at december 31 , 2016 shows a debt of eur 1 , 279 . 9 million compared with eur 977 . 6 million at 31 december 2015 .

the ruling comes after fininvest was found to have paid the backhanders during a hostile bid to buy a publishing company from the italian prime minister ' s long - standing rival carlo de benedetti .

the civil court in milan ruled fininvest ' s actions had prevented an " impartial judgment in the original trial " and ordered it to pay court costs on top of the £690 million compensation .

fininvest added it does not intend to diminish its role as mediaset ' s main shareholder and would use all means to block what it considered a " very serious deception " of market rules .

then there is banca mediolanum . fininvest holds 30 . 124 % but 20 . 125 % lacks voting rights . this follows opposition from the european central bank to fininvest taking back full control of its stake in mediolanum as established by a ruling of the council of state last spring . the company has already presented an appeal . if the position is confirmed , then a sale would be obligatory .

mediaset , which is already suing vivendi for damages over the pay - tv deal , echoed fininvest ' s comments , adding it had been unaware of vivendi ' s stake building until the statement .

the shareholders ' meeting of fininvest spa held today under the chairmanship of marina berlusconi approved the financial statements of the parent company and examined the consolidated financial statements for the year that ended december 31 , 2016 .

the deal raised $ 431 million ( €377 million ) , reducing the company’s ownership by 7 . 8 percent , according to bloomberg . fininvest remains the largest investor in mediaset , with 33 . 4 percent of shares .

consequently , fininvest declines any responsibility and will not be liable for damages , losses or similar to any third party resulting from contact with the site or following the use of the contents of the site or the software employed .

in a much - needed move to quell piling debts , silvio berlusconi ’s fininvest spa company sold 92 million shares in mediaset on thursday after the stock hit a four - year market high at €4 . 10 per share .

if not expressly foreseen , the contents of the site may not - in whole or in part - be copied , modified , reproduced , transferred , downloaded , published or distributed in any form without the prior written consent of fininvest .

" the proceeds of the offering will be used by fininvest among other things to continue to strengthen its financial and capital structure and help possible investments with a view to diversify its equity portfolio , " the company said in a statement .

mr berlusconi ' s daughter marina , who is president of fininvest , called the decision " disconcerting " and pointed out it was " in favour of de benedetti ' s group who has been leading an attack on the prime minister . "

because of his dealings with fininvest , mills was investigated for money - laundering and alleged tax fraud and in 2006 was charged , as well as berlusconi , on corruption charges . mills was accused of receiving $ 600 , 000 from berlusconi in return for not revealing details of fininvest . [ 2 ] he was sentenced to 4 and half years , however after appealing twice , the charges against mills were dropped as they had expired due to to a 10 - year statute of limitations . [ 3 ]

ac milan is for sale , which is on its way to completion . based on the preliminary contract signed with the chinese consortium , in march €320 million will be heading towards fininvest ' s coffers , adding to the €200 million they have already received .

berlusconi ' s investment holding fininvest , which controls mediaset via a 34 . 7 percent stake , lashed out at vivendi , accusing it of trying to depress the company ' s share price to then launch a " hostile takeover " at a discounted price .

in connection with the transaction , the chinese investors have been assisted by rothschild & co . as financial advisor and gianni , origoni , grippo , cappelli & partners as legal advisor , whereas fininvest has been assisted by lazard and bnp paribas as financial advisor and chiomenti as legal advisor .

fininvest does not accept any responsibility for material created or published by third parties with which the site has hypertext links . users who choose to visit an internet site linked to the site do so at their own risk and must take appropriate measures to protect themselves from viruses or other similar phenomena .

and finally there is mediaset . here bolloré ' s swoop on the company ' s capital opens up multiple scenarios , including a sale . but it is difficult to imagine a mediaset in which fininvest manages such a cumbersome vivendi presence . the impression is that dialogue may soon open up between the two groups .

if this translates into a reduction of fininvest ' s position in the capital of a more european mediaset is difficult to say . if this happens it would suggest more of a financial succession in the berlusconi family , which would become less “company - entrepreneurial” and more of a “stakeholder” family , with an increasingly wealthy holding .

his wealth derives from his ownership of the financial conglomerate fininvest , including mediaset , which owns several major television channels and newspapers ( according to freedom house , italy has constantly been " partly free " in regard to freedom of press while berlusconi was in charge [ 2 ] ) , but he started as a building contractor .

as soon as the new closing date is chosen , sino - europe sports will pay a third €100 million deposit to fininvest as a guarantee . this payment is expected to arrive tomorrow ( in midweek at the latest ) . after that the new contract for the sale of the club will be signed and validified by both parties .

forbes estimates that berlusconi’s family fortune has decreased by more than half from 2000 , when it peaked at $ 12 . 8 billion . fininvest posted a net loss of €428 . 4 million in 2013 . the company continues to maintain shares in bank mediolanum , publishing company mandadori , and controls soccer team a . c . milan , among other holdings .

the statutory net result of the parent company fininvest s . p . a . for the 2016 financial year showed a profit of eur 3 . 6 million ( compared with profit of 221 . 4 million in the 2015 financial year , benefiting from a capital gain of eur 272 million realized by the sale of 7 . 8 % of mediaset’s share capital ) .

the investors operate through the management company sino - europe sports investment management changxing co . ltd . it consists , among others of , haixia capital ( that is a state development & investment corporation ) , and yonghong li , chairman of the management company and main sponsor of the investor group and with whom fininvest has been negotiating for some time until today’s signing ( “signing” ) .

the mogul’s business empire has been under severe pressure in the past few years . the all - important television advertising revenues have crashed due to the long and brutal recession , while his fininvest holding company was made to pay a crushing €494million fine to berlusconi’s arch rival , carlo de benedetti , for the illegal means with which it won a takeover battle for the mondadori publisher in 1992 .

october 2009 – fininvest , berlusconi’s holding company , is ordered to pay €750 million to italian energy and media company cir after a judge finds berlusconi’s former lawyer cesare previti bribed a judge during the 1991 court battle for control of mondadori . the settlement was for lost revenue on the part of cir , which lost . in 2011 , the amount of compensation was reduced to €560 million by an appeals court in milan .

legal form : public company business year : 01 / 01 – 12 / 31 founded : in 1978 , telemilano – the nucleus of today ' s tv company – went on air . in 1995 , mediaset was founded , under the roof of which the television and advertising activities of silvio berlusconi ' s ( fininvest ) company empires are subsumed . in 1996 , media set became a public company at the milan stock exchange .

the defence of mediaset is the priority now . this emerged clearly on tuesday evening with the first , quick meeting between silvio , marina and piersilvio berlusconi . during the summit , which was also attended by the chief executive of fininvest danilo pellegrino , they acknowledged the decision to increase their stake in the television group , a choice made in the morning after a round of telephone calls that involved all of berlusconi ' s children .

after amassing a fortune from his property portfolio in the 1970s , he diversified his interests by setting up a tv cable company , telemilano , and buying two other cable channels in an effort to break the national tv monopoly in italy . in 1978 , these channels were incorporated into his newly formed fininvest group , which included department stores , insurance companies and even ac milan - - one of the world ' s biggest football clubs .

fininvest , with almost €5 billion in revenues and more than 20 , 000 employees , is one of the biggest italian business groups . the holding controls mediaset , mondadori , mediolanum , ac milan and other financial investments . then there are also the real estate assets , in the large part managed by dolcedrago , which is the exclusive property of berlusconi himself . nevertheless , recent events put the rich portfolio of shareholdings at risk , which concerns all the companies , except for mondadori .

kojam fininvest is in the finance - investments sector . the company management includes ajay g piramal - chairman / chair person , gautam b doshi - director , shitin desai - director , n l bhatia - director , n santhanam - director , vijay shah - managing director . it is listed on the bse with a bse code of 532536 and the nse with an nse code of kojamfin . its registered office is at gajera road , uchhad village , , jambusar dist . , bharuch , gujarat - 392150 .

in view of the negotiations for the sale of the subsidiary a . c . milan underway as at 31 december 2016 , which was completed after the year end , within the consolidation of the fininvest group , in accordance with ifrs 5 ( “non - current assets held for sale” ) , the business of the milan group was classified as a discontinued operation and has been shown as such in this report . this made it necessary to restate the comparative figures for the previous years , which , to make the presentation of the group more significant , excluded a . c . milan from the line - by - line consolidation , in the so - called pro forma financial statements .

between the company fin . prog . italia s . a . p . a . di ennio doris & c . and fininvest s . p . a . , there exists a voting syndicate representing at least 51 % of the share capital of mediolanum s . p . a . , which shares were contributed on a 50 / 50 basis . the shareholders ' agreement was renewed september 14 , 2013 and shall remain in force for three years . number of outstanding shares : 738 , 786 , 857 essential information according to article 130 of the regulations for issuers 01 / 10 / 2014 extracts of agreements ( italian version ) 09 / 19 / 2013 extracts of agreements ( italian version ) 07 / 03 / 2013 extracts of agreements ( italian version ) 9 / 14 / 2010 extracts of agreements ( italian version )

revenues the consolidated revenues of the fininvest group for the year 2016 amounted to eur 5 , 050 . 8 million , up 6 . 6 % on eur 4 , 736 . 3 million for 2015 . on a like - for - like basis , namely not including the contribution of the revenues resulting from the consolidation of the rizzoli libri area and the radio broadcasting operations of the former finelco , the growth was + 1 . 8 % . the mediaset group reported revenues of eur 3 , 667 . 0 million , up 4 . 0 % on the eur 3 , 524 . 8 million for the previous year . revenues of the mondadori group amounted to eur 1 , 280 . 2 million , up by 11 . 8 % on the eur 1 , 145 . 4 million in 2015 ( fall of 3 % on a like - for - like basis ) .

net profit / ( loss ) from continuing operations the net profit / ( loss ) from continuing operations was a loss of eur 123 . 8 million compared to a profit of eur 208 . 5 million for the previous year . the net profit / ( loss ) also included – in addition to the non - recurring expenses noted in relation to the ebit – extraordinary finance expenses , amounting to eur 41 . 7 million , relating to the entry into hedge agreements and the early termination of credit lines connected to the agreement with vivendi . profit / ( loss ) from equity investments shows a profit of eur 129 . 9 million , compared to a profit of eur 159 . 5 million for 2015 and mainly includes fininvest’s share of the net profit of the mediolanum group , amounting to eur 119 . 1 million ( eur 131 . 8 million as at 31 december 2015 ) . excluding the total amount of the non - recurring expenses , net of the related tax effects , the net profit / ( loss ) from continuing operations was a positive amount of eur 162 . 0 million .

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( * ) mainly includes the losses from the a . c . milan operations

ebit ebit was a negative eur 188 . 7 million , compared to a positive amount of eur 225 . 6 million in 2015 . the year 2016 was heavily penalised by the significant impacts largely resulting from the expenses from the impairment write - downs and provisions carried out by mediaset and made necessary due to the contractual default by vivendi , with the consequent progressive deterioration of the main performance indicators in the pay tv area , due to the impact on business operations during the interim management period , in addition to other non - recurring costs . the impact on the ebit of these types of costs , write - downs and provisions amounted to a total of eur 336 . 4 million ; excluding these expenses , ebit was a positive amount of eur 147 . 7 million , compared to a positive ebit for 2015 of eur 248 . 0 million , again without the impact of non - recurring expenses .

group net profit / ( loss ) the group net profit / ( loss ) was a loss of eur 120 . 2 million , compared to an essentially breakeven figure for the 2015 and included the net profit / ( loss ) from discontinued operations amounting to a cost of eur 95 . 0 million ( eur - 93 . 9 million for 2015 ) , mainly consisting of the net profit / ( loss ) of the a . c . milan operations , in addition to extraordinary expenses relating to the sale . the profit / ( loss ) attributable to non - controlling interests was a profit of eur 98 . 6 million ( eur 114 . 7 million in 2015 ) . excluding all the non - recurring costs and expenses , as well as the net profit / ( loss ) of milan group for the second half of 2016 , essentially recognised ( upon the final sale of a . c . milan which took place in early 2017 ) as the component of the sale price by the purchaser , the net profit / ( loss ) for the year 2016 was a positive amount of eur 46 . 9 million .

net financial position the consolidated net financial position was a debt of eur 1 , 279 . 9 million , compared to a debt of eur 977 . 6 million as at 31 december 2015 .

financial deficit in 2016 there was therefore a financial deficit of eur 302 . 3 million , compared to a financial surplus of eur 324 . 9 million in 2015 . in 2016 the mediaset group had a financial deficit of eur 303 . 0 million and the mondadori group had a deficit of eur 64 . 2 million . the group parent reported a financial deficit of eur 140 . 8 million , which included the purchase of around 4 . 8 % of the mediaset shares for eur 212 . 9 million offset by the receipt of the down payments for the sale of a . c . milan of eur 200 . 0 million ( eur 125 . 0 million net of capital contributions made ) . the deconsolidation of a . c . milan’s debt ( following the reclassification of that company to assets / liabilities held for sale ) generated a financial surplus of eur 188 . 5 million .

investments investments for 2016 amounted to eur 1 , 053 . 8 million ( eur 1 , 012 . 7 million as at 31 december 2015 ) and consisted of eur 640 . 7 million for television and movie broadcasting rights ( eur 655 . 9 million in 2015 ) , eur 36 . 1 million of investments in intangible fixed assets ( eur 139 . 9 million in 2015 ) , eur 64 . 0 million of investments in tangible fixed assets ( eur 99 . 2 million as at 31 december 2015 ) and eur 312 . 9 million equity investments , financial assets and business combinations , including rizzoli , banzai and the radio stations for the former finelco ( eur 117 . 6 million in 2015 ) . for more details , refer to the sections on the individual business segments .

workforce the workforce as at 31 december 2016 ( including the agents in the sales networks and the workforce of the a . c . milan area , a discontinued operation ) totalled 17 , 415 , up 301 compared to 31 december 2015 . the consolidation of the operations acquired ( rizzoli libri , banzai media and the radio stations of the former finelco ) resulted in an increase of over 400 people at the end of 2016 .

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mediaset spa gruppo mediaset società per azioni registered office i - 20121 milano via paleocapa 3 share capital € 614 . 238 . 333 entered in the milan companies register , fiscal code and vat number 09032310154

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while debt continues to rise for mediaset , profits are nowhere in sight . mediobanca estimates revenues have fallen 12 percent in the last five years . italy continues to face the longest recession since wwii , and ad sales have been particularly hard - hit for mediaset .

the company paid €700 million for broadcasting rights to the uefa champions league for 2015 - 18 in an effort to lure customers to its new pay tv channel , mediaset premium . but it has yet to rival the more popular premium content offering sky italia .

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silvio berlusconi ' s economic , media and political power is unmatched . since 1994 , the richest man in italy did not hesitate once to use his superior means on the tv market to further gain power on a political level . as head of the executive force in the nation , berlusconi resides over the laws and conditions of the television business . by means of a broad majority in parliament , he directly controls the only competitor ( as of recently ) , the public broadcaster rai .

furthermore , he remains the majority shareholder of a highly profitable tv empire . the mono culture not only damages and endangers the democracy but also leads to a constant decline of the italian program quality , which submerges the audience with a mixture of shallow shows , lotteries , violent films , reality shows , repeats , hollywood productions and animation .

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yesterday mediaset controlling shareholder silvio berlusconi clarified a delicate point : there is no internal rift within his family . not an insignificant issue , because the contest with vincent bolloré for the control of mediaset comes at a key moment for the former italian prime minister ' s empire .

“there is complete unity in my family on one precise point : we have no intention of letting someone try to diminish our role as business leaders . for this reason we have increased our stake and we will continue to do so within the limits of the law , ” the family said .

the issue of succession has been on the table for a while , and now like never before it appears that events risk accelerating choices that up to a few months ago were just theoretical considerations . will the berlusconi family succession be industrial or financial ? in future , will his five children , marina , piersilvio , barbara , eleonora and luigi divide his companies or his assets ?

his statement yesterday and the use of the term “business leaders” was by no means random .

in 2014 revenues up to €2 . 355 bn with a profit of around €58 mn , employees up to 11 , 929

alongside haixia capital and yonghong li , other investors will acquire shares of ac milan , some of which are state - controlled entities . among those investors are companies active in the financial industry and others in industrial sectors . the binding contract between the parties will be completed by the end of 2016 ( “closing” ) , subject to the obtaining of applicable authorizations from the italian and chinese authorities .

the agreement values ac milan at €740 million with an estimated indebtedness of approx . €220 million . the agreement requires the acquirers to undertake significant capital increases and liquidity injections aimed at strengthening ac milan’s financial structure , for a total amount of €350 million over a three - year period ( €100 million is to be paid - in at the “closing” ) .

< p > the partnership with china next generation education foundation was launched in sanya . attending the event president li yonghong , franco baresi & nbsp ; and daniele massaro < / p >

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consolidated revenues : eur 5 , 050 . 8 million ( + 6 . 6 % )

ebitda is equal to eur 1 , 217 . 5 million , compared to eur 1 , 402 . 9 million in the previous year .

group operating profit was positive by eur 147 . 7 million , net of non - recurring charges . this is mainly due to writedowns and allocation provisions following the impairment processes in mediaset , which were due to the progressive decline in pay - tv area performance and worsened by the impact on business operations caused by vivendi’s failure to honor its contractual agreement . the impact of non - recurring items totaled eur 336 . 4 million , representing a total loss of eur 188 . 7 million ( + 225 . 6 million in 2015 ) .

the net result excluding all non - recurring costs and milan a . c . ’s losses in the second half of 2016 ( an amount substantially recognized by the purchaser at the time of sale as a component of the price ) was positive for eur 46 . 9 million .

considering the impacts of non - recurring items and the eur 95 million charge connected to the full year results of milan a . c . ( whose sale in 2017 will show a consolidated gain of approximately eur 600 million ) , the group’s net result recorded a loss of eur 120 . 2 million ( in the face of what was essentially a breakeven in 2015 ) .

group investments total eur 1 , 053 . 8 million ( 1 , 012 . 7 million in 2015 ) and include investments of eur 312 . 9 million in shareholding , financial instruments and business networking agreements including rizzoli libri , banzai media and ex - finelco radio activities .

total net consolidated total shareholders ' equity at 31 december 2016 amounted to eur 4 , 268 . 7 million .

* group milan business was classified as " discontinued operations” as per ifrs5 definitions .

real estate debt restructuring pursuant to art . 67 lf ( italian bankruptcy law )

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the disgraced tycoon and former prime minister silvio berlusconi is planning a colossal assets sale to finance his return to a position of power and influence , insiders say .

even ac milan , one of the jewels in the crown of the mogul’s business empire , is up for grabs with news that thai millionaire bee taechaubol had met berlusconi in his arcore villa , the scene of the notorious bunga bunga parties , to offer €500million for a 51 per cent stake in the football club . chinese investors are also circling .

at the same time a large chunk of the tycoon’s mediaset television empire appears to be on the market too , after it emerged that berlusconi had met fellow media baron rupert murdoch to discuss what the berlusconi family have called “investment” in the business .

berlusconi’s son , the mediaset vice president pier silvio berlusconi , said the family’s continuing control of the company was not in question . but berlusconi junior said mediaset might consider investments from other firms . he also confirmed the meetings between his father and mr murdoch .

by selling off parts of ac milan , mediaset plus stakes in his finance and publishing businesses , 78 - year - old berlusconi , who last month completed a year - long community service sentence for tax fraud , could generate a €5billion in liquid funds , according to reports in the italian press .

one source close to the berlusconi camp told the independent , however , that the three - time former prime minister was not selling up , but was planning a financial and political counter - attack after years of failing fortunes and legal battles .

“with all this liquidity he hopes to return to the position of king maker , ” he said . “this is not about cashing in his chips . he’s not selling up to give his money over to his children and settle down . he is re - organising , restructuring , and with this huge amount of cash he hopes to become the centre of power again . ”

the source said that berlusconi was also looking to by a stake in the corriere della sera newspaper – something the mogul had tried but failed to do in the past .

as a result of his definitive criminal conviction berlusconi cannot stand for parliament until 2019 by which time he will be 82 . but a sizeable stake in corriere , italy’s centrist newspaper of record , would certainly boost his power and influence .

the mogul has also talked about launching a new centre - right party to replace his crumbling forza italia . and having so much cash at his disposal would allow him to influence other centre - right parties , observers say .

roberto d’alimonte , a political pundit at rome’s luiss university , predicted that berlusconi would use his financial muscle to maintain his political power , influence election campaigns – and protect his long - term business interests .

“berlusconi is never going to be on the political front line again . but he will absolutely act by reorganising his assets to maintain his behind - the - scenes power , ” he said . “and this way he can help protect his remaining business interests and protect himself from legal threats . this is all it’s ever been about for berlusconi . ”

‘being berlusconi : the rise and fall , from cosa nostra to bunga bunga’ , by michael day will be published by palgrave macmillan in july .

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silvio berlusconi ' s media empire has been ordered to pay £690 million compensation to a business rival after being convicted of bribing a judge during a takeover .

the ruling is particularly galling for the italian prime minister as mr de benedetti also owns the left - leaning newspaper , la repubblica , which has lead coverage of the escort girl sex scandal involving mr berlusconi .

the bribery claim is the latest in a series of controversies to hit the 73 - year - old media tycoon in the past few months . call girl patrizia d ' addario , 42 , has described how she was paid £900 after spending the night with him and tapes of their explicit " pillow talk " .

in april , it also emerged that berlusconi had attended the 18th birthday party of model noemi letizia , giving her a £5 , 500 gold and diamond necklace , prompting his long suffering wife veronica lario to file for divorce .

berlusconi escaped prosecution personally because a statute of limitations had passed and he was acquitted .

the ruling does not affect berlusconi ' s control of mondadori which publishes several glossy weekly magazines and is part of his media empire which also includes three tv stations and a family controlled newspaper .

in a statement de benedetti ' s group cir said : " we satisfied with this ruling which brings justice to the company and its shareholders .

" after the original criminal sentence the court said that serious damage had been caused to the cir group in terms of fundamental operational values . "

mr de benedetti added : " the sentence does not compensate me for not being able to realise an industrial project that would have helped create the first italian publishing house but it does confirm that illegal behaviour was used to impede me .

" finally , twenty years after this fraud which was carried out to stop me having legitimate control over mondadori and after the decision of the criminal court , the civil court has also given us justice . "

criminal allegations have dogged mr berlusconi for years and he has been accused of embezzlement , tax fraud and false accounting in the past .

in some cases he has been cleared while in others he has been convicted but had the verdict overturned on appeal .

berlusconi faces a court challenge to the controversial immunity law he passed last year which makes it impossible for him and senior government figures to stand trial while in office .

but the constitutional court , which will deliberate on whether the law is unconstitutional , has already been hit by smears after it emerged one of its judges was entertained by mr berlusconi in june .

one of the trials involving berlusconi and which been affected is a corruption case involving david mills , the estranged husband of olympics minister tessa jowell .

earlier this year he was found guilty of accepting a £220 , 000 bribe from berlusconi for giving favourable evidence towards him in previous trials .

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former italian prime minister and media tycoon silvio berlusconi has emerged as an unlikely kingmaker in italy ' s general elections in march 2018 . affectionately known as " il cavaliere " ( the knight ) , berlusconi was expelled from the italian parliament in 2013 and is currently barred from public office after convictions for bribery and tax fraud . he ' s pictured here in 2009 .

berlusconi shares a moment with president george w . bush during an arrival ceremony on the white house south lawn in october 2008 .

libya ' s moammar gadhafi attends a meeting with berlusconi in rome in june 2009 . the libyan leader was killed in 2011 after being captured by rebel forces in his hometown .

president barack obama and first lady michelle obama welcome berlusconi to a g20 dinner in pittsburgh in september 2009 .

berlusconi waves to journalists as he leaves a milan hospital in december 2009 after suffering severe facial wounds in an attack at a rally .

russia ' s vladimir putin joins berlusconi for a press conference in lesmo , italy , in april 2010 .

berlusconi reacts during the presentation of antonio razzi ' s book " my clean hands " at the italian parliament in february 2012 .

berlusconi arrives at the german chancellery in berlin to meet with chancellor angela merkel in january 2011 .

berlusconi passes by carabinieri guards before a meeting with russia ' s president at villa madama in february 2011 .

berlusconi , then owner of the italian soccer club ac milan , celebrates with the players after the team won the luigi berlusconi trophy in august 2011 . the trophy is in honor of berlusconi ' s father .

berlusconi , right , at the dedication ceremony at the george w . bush presidential library and museum in dallas in april 2013 .

berlusconi in the italian senate in october 2013 , a month before he was expelled from parliament after his conviction for tax fraud .

the political deal - maker , now 81 , attends a la7 tv program in rome in february 2018 . italy will hold general elections on march 4 , and berlusconi , as leader of the forza italia party , has brokered a right - wing alliance with the neo - fascist brothers of italy party and the anti - immigrant northern league .

in further proof that seemingly nothing can bring silvio berlusconi down - - not even a potential jail sentence - - italy ' s most colorful public figure is back in contention to lead his country for a fourth time .

another spell in italy ' s highest office would be just the latest chapter in the life of the charming , billionaire three - time former prime minister .

in october berlusconi was sentenced to four years in prison for tax evasion , but has since appealed the verdict .

until recently , berlusconi appeared to be leading a charmed life . his vast business empire spanned media , construction and football , making him the 118th - richest person in the world , according to forbes , with a net worth of $ 6 . 2 billion , and he was italy ' s longest - serving post - war prime minister before quitting in 2011 .

but last year he became embroiled in charges that he had paid for sex with a 17 - year - old girl ; his coalition government became ever more fragile ; and berlusconi resigned his premiership as europe ' s financial crisis threatened to embroil italy .

despite the many scandals that have dogged berlusconi since he entered politics nearly two decades ago , the 76 - year - old is indisputably one of life ' s survivors . in parliament , opponents tabled 51 confidence votes in him in the past three years alone , but italians have thrice elected him as prime minister .

pier luigi bersani , leader of italy ' s democratic party , said he would keep outgoing premier mario monti ' s austerity reforms , but says stimulus is needed to boost the country ' s flagging economy .

three - time former prime minister and media billionaire silvio berlusconi quit in disgrace in 2011 , and is now on trial for allegedly paying for sex with an underage girl . he has pledged to refund an unpopular property tax with his own money .

the surprise of the campaign has been ex - comedian beppe grillo , head of the populist anti - establishment five star movement , which has won support among those critical of mario monti ' s austerity policies .

the harsh budget cuts and austerity policies of current prime minister mario monti ( l ) , shown with the outgoing pope benedict xvi , won him plaudits from european leaders , but were unpopular in italy .

in this election berlusconi is appealing to tax - burdened italians ' desire for some relief . he has promised not only to abolish the hugely unpopular property tax on primary residences , known as the imu , he is also promising to pay back the property taxes people have already paid .

berlusconi is also vowing to cut corporate taxes and income taxes and spend the economy out of the recession .

however his promises have met with considerable skepticism . prominent journalist gad lerner has long been critical of the former prime minister . " berlusconi has transformed italian politics into a big show and he is always looking for a spectacular center for his propaganda . "

businessman gianvencenzo coppi traveled to rome to hear center - left rival , democratic party leader pier luigi bersani , talk about his commitment to the private sector , but he told cnn he hadn ' t made up his mind whom he would vote for , but it was unlikely to be berlusconi .

" he ' s making promises in my opinion he cannot maintain , " said coppi . " he ' s promising to cut taxes , the imu . . . and no one knows in which way he can do it . "

born in milan in 1936 , berlusconi gave notice early on of his showman side by working as a lounge room crooner aboard a cruise ship to help fund his university tuition - - he studied law .

various low - level commercial enterprises followed before the fledgling entrepreneur enjoyed his first real success in property development in the late 1960s when he was involved in a project to build milano two - - nearly 4 , 000 flats - - outside milan .

berlusconi turned his attention to politics in 1993 when he formed the center - right forza italia party and the following year , in a snap election , he won the post of prime minister . however , a dispute with his right - wing coalition partners from the northern league party , as well as an indictment for alleged tax fraud , ended berlusconi ' s tenure in the job after barely seven months . he was acquitted on appeal in 2000 after the statute of limitations had expired .

after defeat in the 1996 election to his political nemesis , romano prodi , he became embroiled in other financial scandals , including a charge of bribing tax inspectors . he denied any wrongdoing and was cleared again on appeal in 2000 .

his fortunes turned again in 2001 when he was sworn in as prime minister for a second time . but prodi - - a former european commission president - - ended berlusconi ' s more successful reign with his center - left union coalition victory in 2006 . at that time , the tycoon had presided over the longest - serving post - war italian government .

despite having a pacemaker implanted to regulate his heartbeat after he collapsed during a political rally , he refused to slow down . sporting a hair transplant , cosmetic surgery and a tan , berlusconi returned to power for a third time in 2008 under the banner of the newly created people of freedom party .

the next year proved to be one of extremes for the veteran politician . he was praised for his handling of the devastating earthquake that struck the italian town of l ' aquila in april 2009 , and survived criticism after urging survivors to see their plight like " a weekend of camping . "

but the following month , berlusconi ' s second wife , veronica lario , filed for divorce - - alleging berlusconi had an inappropriate relationship with an 18 - year - old aspiring model whose birthday party he had attended . berlusconi said she was the daughter of a friend and that he had done nothing wrong .

in december that year , a man with a history of mental illness hit berlusconi in the face with a replica of milan ' s cathedral at a campaign rally , breaking several of his teeth and fracturing his nose . defense minister ignazio la russa told the italian newspaper corriere della sera that the irrepressible berlusconi continued to shake hands with supporters for " a couple of minutes " after being hit .

with the country ' s economy reeling amid the financial crisis , pressure on berlusconi grew . gianfranco fini - - a former party ally - - lashed out , accusing him of a lack of attention to the economy and structural reforms that italy needs . the prime minister survived three votes of confidence in parliament during 2010 and 2011 , winning one by just three votes , but his authority continued to ebb .

economists said berlusconi commanded neither sufficient political authority to push through spending cuts nor the moral high ground to squeeze more taxes out of italians while he faced trial on various charges . other european leaders criticized him for failing to implement economic reform with sufficient urgency .

meanwhile , berlusconi faced a serious personal challenge with charges of sex with an underage nightclub dancer and abuse of power .

berlusconi had sex 13 times with underage dancer karima el mahroug , nicknamed " ruby the heart - stealer , " say prosecutors who allege the prime minister abused his position when he intervened in may 2010 to get her released from the jail where she was being held on charges of theft . el mahroug has said she never had sex with berlusconi and that she lied to him about her age , telling him she was 24 .

in september 2011 , prosecutors submitted transcripts of approximately 100 , 000 pages of wiretaps - - from 2008 and 2009 - - to a court in bari . the prosecutors have accused eight people of paying young women to attend so - called " bunga bunga " parties at berlusconi ' s home .

berlusconi denied the charges and accused prosecutors of conspiring against him in a left - wing plot . " communism never changes in italy . there are still people who use the penal code as a weapon in their ideological battles , " he said earlier this year .

but , according to the transcripts of the calls , berlusconi made several controversial remarks , vowing at one point to leave italy , which he described as a " s * * * * y country " that " sickened " him . when confronted with these remarks , berlusconi laughed off this and other gaffes .

© 2018 cable news network . turner broadcasting system , inc . all rights reserved . cnn sans ™ & © 2016 cable news network .

on monday , with italy ' s economic stability still uncertain , berlusconi , 75 , denied rumours that he was preparing to resign , which immediately reversed the brief recovery in stock and government bond markets . with yet another confidence vote likely to come in the next two weeks , the post takes a look back at berlusconi ' s long and embattled career as media magnate and politician .

silvio berlusconi has been elected prime minister of italy three times in the last 20 years , and although he also lost two elections to his left - wing rival romano prodi , the billionaire businessman has managed to lead the longest - running post - second world war government in italian history ( from 2001 - 2006 ) and , in the last three years , survive 51 votes of confidence . despite his winning record , though , berlusconi is never far from controversy .