Business Wire News

Successful remote go-live at TOTE’s Jacksonville terminal represents the first hosted deployment of Tideworks’ latest TOS solution

SEATTLE--(BUSINESS WIRE)--Tideworks Technology® Inc. (Tideworks), a full-service provider of comprehensive terminal operating system (TOS) solutions, today announced the go-live of its new marine solution, Mainsail 10 with TOTE, LLC (TOTE) at its Jacksonville terminal. The go-live is Tideworks’ first cloud-based deployment of Mainsail 10 and marks another successful remote implementation of its solutions. The company will continue offering remote deployments to provide terminal operators with next-generation TOS solutions that facilitate resurgence of the shipping industry during the COVID-19 pandemic.


Tideworks engineered Mainsail 10 to provide terminal operators with increased flexibility. The new TOS is a high performing management tool that supports seamless integrations with third-party systems, and the ability to scale to adapt to changing operational needs. The marine TOS provides rapid access to and management of real-time data to improve decision making and increase the flow of cargo through the terminal, while also reducing costs.

“The successful go-live of Mainsail 10 at TOTE Jacksonville is an exciting milestone,” said Thomas Rucker, president of Tideworks. “We recognize the importance of TOTE providing its terminals with a flexible, intelligent TOS that will help accelerate growth and productivity at Jacksonville, while also increasing collaboration across the shipping industry.”

TOTE Jacksonville is the first TOTE terminal to deploy Mainsail 10. The TOS is being hosted and supported in the Tideworks Cloud. Tideworks’ integration of Mainsail 10 at the Jacksonville terminal replaced Mainsail Vanguard that TOTE implemented in late 2015. The Jacksonville terminal is also utilizing Tideworks Spinnaker Planning Management System® and Traffic Control™.

TOTE has deployed a variety of Tideworks’ highly configurable and customizable solutions, which allow TOTE terminals to quickly tailor interfaces as needed and integrate the new Mainsail 10 TOS with its existing systems. Based on the success of Mainsail 10, TOTE has begun steps to roll out the new TOS at other terminal locations.

Tideworks provided implementation services for the go-live at Jacksonville on a fully remote basis. This included project management, software configuration and installation, integration services, user training and go-live assistance. Tideworks will continue to offer TOTE ongoing maintenance and support services, which include 24/7 technical support and software upgrades.

Mainsail 10 went live at TOTE Jacksonville in September 2020. TOTE plans to go-live with Mainsail 10 at its terminal in Tacoma, Washington in 2021 and its terminal in Anchorage, Alaska in 2022.

About TOTE

TOTE, LLC’s family of companies includes leading transportation and logistics companies. TOTE Maritime Alaska, LLC and TOTE Maritime Puerto Rico, LLC bring unmatched reliability and service to their respective markets. TOTE Services, LLC offers crewing and technical services to meet the needs of commercial, privately owned and U.S. Government vessels. TOTE, LLC is part of the Saltchuk portfolio of companies. www.toteinc.com.

About Tideworks Technology

Tideworks is a full-service provider of comprehensive terminal operating system solutions for growing marine and intermodal terminal operations worldwide. The company helps more than 120 facilities run their operations more efficiently and profitably. From optimized equipment utilization to faster turn times, Tideworks works at every step of terminal operations to maximize productivity and customer service. For more information about Tideworks Technology, a Carrix solution, visit www.tideworks.com.


Contacts

AnnMarie Carson
Communiqué PR for Tideworks Technology
206-282-4923 x119
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GERMANTOWN, Md.--(BUSINESS WIRE)--#AmentumWin--Amentum has been awarded an $88 million contract to conduct Research, Development, Test and Evaluation (RDT&E), and other research and development-related analytical services supporting the Electro-Optic Technology Division (JXQ) at Naval Surface Warfare Center, Crane Division. Amentum, a leading contractor to U.S. federal and allied governments, was awarded this contract under the Department of Defense Information Analysis Center’s (DoD IAC) multiple-award contract (MAC) vehicle. These DoD IAC MAC task orders (TOs) are awarded by the U.S. Air Force's 774th Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the DTIC repository and the R&D and S&T community.


“Amentum has a long legacy of support for our Navy customers at Crane and we’re looking forward to helping JXQ develop and field state-of-the-art EO/IR technologies,” said Jill Bruning, president of Amentum’ s Intelligence, Systems Engineering, Security, Services and Solutions (IS4) strategic business unit. “Amentum will provide a world-class team of subject matter experts to address technology gaps and develop capability enhancements for leading-edge Maritime EO/IR technology while simultaneously improving system supportability.”

Under the five-year, cost-plus-fixed-fee contract, Amentum will support JXQ by developing solutions to support Maritime Electro-Optic Infrared (EO/IR) Scientific and Technical projects; provide RDT&E of the next generation of Maritime EO/IR solutions for systems, such as lasers, visual augmentation systems, multi-sensor EO/IR targeting systems, weapon sights, beacons, sensors, displays, and peripherals for various shipboard gun weapon systems, and situational awareness platforms; insert state-of-the-art technology and capabilities; and extend component lifecycle. Amentum will leverage its new Model-Based Systems Engineering laboratory and collaboration center, located in the Westgate Technology Park in Crane, Ind., as well as its integration facility located in Linton, Indiana. Work will support the full spectrum of lifecycle services for Maritime EO/IR and related technologies to the Department of Defense and other government agencies.

ABOUT THE DOD IAC PROGRAM

The DoD IAC, sponsored by the Defense Technical Information Center, provides technical data management and research support for DoD and federal government users. Established in 1946, the IAC program serves the DoD science & technology (S&T) and acquisition communities to drive innovation and technological developments by enhancing collaboration through integrated scientific and technical information development and dissemination for the DoD and broader S&T community.

ABOUT AMENTUM

Amentum is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy, and environment. We draw from a century-old heritage of operational excellence, mission focus, and successful execution underpinned by a strong culture of safety and ethics. Headquartered in Germantown, Md., we employ more than 34,000 people in all 50 states and perform work in 105 foreign countries and territories. Visit us at amentum.com to explore how we deliver excellence for our customers’ most vital missions.


Contacts

For Amentum:
Christine Fuentes
+1 (540) 935-9597
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Follow @Amentum_corp on Twitter

DUBLIN--(BUSINESS WIRE)--The "Thermic Fluids - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.


The publisher brings years of research experience to the 6th edition of this report. The 196-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Thermic Fluids Market to Reach $4.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Thermic Fluids estimated at US$2.9 Billion in the year 2020, is projected to reach a revised size of US$4.1 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027.

Silicone and Aromatic Based Thermic Fluid, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$1.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mineral Oils Based Thermic Fluid segment is readjusted to a revised 5.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $852.4 Million, While China is Forecast to Grow at 4.8% CAGR

The Thermic Fluids market in the U.S. is estimated at US$852.4 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$723.7 Million by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Glycol (Ethylene and Propylene) Based Thermic Fluid) Segment to Record 5.9% CAGR

In the global Glycol(Ethylene and Propylene) Based Thermic Fluid) segment, USA, Canada, Japan, China and Europe will drive the 5.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$580.4 Million in the year 2020 will reach a projected size of US$869.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$470.7 Million by the year 2027.

Competitors identified in this market include, among others:

  • BASF SE
  • BP PLC
  • DowDuPont, Inc.
  • Dynalene, Inc.
  • Exxon Mobil Corporation
  • Hindustan Petroleum Corporation Limited
  • KOST USA, Inc.
  • Multitherm LLC
  • Paratherm
  • Royal Dutch Shell PLC
  • Solutia, Inc.
  • Thermic Fluids Pvt. Ltd. - Chimanlal Maganlal & Co.
  • Tulstar Products Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Thermic Fluids Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 52

For more information about this report visit https://www.researchandmarkets.com/r/ogg4w2


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Customers invited to join online webinar event to hear and ask questions on wildfire prevention plans and Public Safety Power Shutoff improvements in 2020 and beyond

SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) is continuing its important work to further reduce wildfire risks and improve the safety of its electric system. To help ensure that customers are part of safety efforts, PG&E will be hosting an interactive safety virtual town hall where the company will provide an overview of its work to further prevent wildfires in 2020 and PG&E’s Public Safety Power Shutoff events this year.

The virtual town hall will feature a brief presentation and an opportunity for participants to ask questions and provide feedback.

The event will take place on Wednesday, Dec. 16, 2020, from 6:00 to 7:30 p.m. The event can be accessed through the link or dial-in below or through PG&E’s website, www.pge.com/firesafetywebinars.

Click this link to join: https://bit.ly/2JWoDP3
Toll-Free Attendee Dial-in: (844) 738-1853
Conference ID: 9968387

During the town hall, members of PG&E’s safety and leadership team will discuss:

  • PG&E’s wildfire prevention plans
  • Overview PG&E’s improvements that made 2020 Public Safety Power Shutoffs shorter in length, smaller in size and smarter for customers
  • Steps everyone can consider for staying safe this winter

While the webinar event will focus on customers impacted by a PSPS event in 2020, any of PG&E’s customers are welcome to join. Closed captioning will be available in English, Spanish and Chinese and there are dial-in numbers for those who aren’t able to join online.

More information about PG&E’s Community Wildfire Safety Program, can be found at www.pge.com/wildfiresafety.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.


Contacts

MEDIA RELATIONS:
415-973-5930

SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE:VLO) (“Valero”) today announced that it will host a conference call on January 28, 2021 at 10:00 a.m. ET to discuss 2020 fourth quarter and full year earnings results, which will be released earlier that day, and provide an update on company operations.

Persons interested in listening to the presentation live via the internet may log on to Valero’s Investor Relations website at www.investorvalero.com.


About Valero

Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of transportation fuels and petrochemical products. Valero is a Fortune 50 company based in San Antonio, Texas, and it operates 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 14 ethanol plants with a combined production capacity of approximately 1.73 billion gallons per year. The petroleum refineries are located in the United States (U.S.), Canada and the United Kingdom (U.K.), and the ethanol plants are located in the Mid-Continent region of the U.S. Valero also is a joint venture partner in Diamond Green Diesel, which operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is North America’s largest biomass-based diesel plant. Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America. Approximately 7,000 outlets carry Valero’s brand names. Please visit www.investorvalero.com for more information.


Contacts

Valero Contacts
Investors:
Homer Bhullar, Vice President – Investor Relations, 210-345-1982
Eric Herbort, Senior Manager – Investor Relations, 210-345-3331
Gautam Srivastava, Manager – Investor Relations, 210-345-3992

Media:
Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002

BOUNTIFUL, Utah--(BUSINESS WIRE)--#cloud--Eclipse Tech, a provider of GPU workstations in the cloud, today announced a new partnership with LucidLink, an innovator in cloud file services that enables on-demand access to data from anywhere for fast, high-performance workloads and cloud workflows.


Eclipse Tech has streamlined the virtual workstation creation and management process, with an easy to use platform that can be set up in a matter of minutes. The integration of that platform and LucidLink Filespaces connects users directly to S3 compatible object stores for immediate access to data in the cloud, as if it were on a local drive. Users will no longer have to transfer files with a 3rd party utility, deal with slow VPNs, or deal with downloading and synchronizing data. In addition, users in various geographic locations will be able to simultaneously collaborate on projects with others directly from the cloud.

“We are excited to be working with Eclipse Tech to enable remote workers fast, secure access to data from anywhere,” said Scott Miller, Business Development Director, LucidLink. “With remote work being the norm, working directly from the cloud has become even more important. LucidLink and Eclipse Tech now enable users to collaborate no matter where they are. Users can access data from the cloud like it was on their local drive, streamlining workflows, and improving productivity.”

With the shift to remote work gaining momentum across the globe, working in the cloud is playing a crucial role in the way companies and individuals are restructuring how they do business, especially during the COVID-19 pandemic.

“Our focus is to simplify the cloud workstation process and provide an easy to use product that gives users anytime, anywhere access to all of the high powered tools they need in one central location,” said Tom Mabey, CEO and Founder of Eclipse Tech. “We are very excited to partner with LucidLink as this will allow our users to work with their data directly in S3, and open up new ways to work with data that they couldn’t do before.”

For more information visit the Eclipse Tech website at: www.eclipsetech.co or for a free demo contact This email address is being protected from spambots. You need JavaScript enabled to view it.

About Eclipse Tech

Eclipse Tech provides a next-generation cloud computing platform for remote work or learning - anywhere in the world. With its powerful, ready-to-use virtual desktop, Eclipse Tech’s simple process eliminates the need for expensive hardware usually needed for graphics-heavy workflows, without requiring a technical expert to set it up. Perfect for workflows and collaboration in media & entertainment, construction & engineering, manufacturing, scientific & medical research, gaming, and education. Eclipse Tech provides fully customizable configurations and tailored solutions, including shared storage, with a pay-as-you-go model. Follow and connect with Eclipse Tech on Twitter, Linkedin and our blog.

About LucidLink

LucidLink offers an innovative Cloud NAS solution designed specifically for extensive data access over distance. LucidLink Filespaces provides best-in-class security and high-performance scalability to run file-based workloads on object storage for maximum efficiency and productivity. The service is compatible with any object storage provider that utilizes cloud, on-prem, or hybrid storage, and it supports all major operating systems, including Linux, Windows, and macOS. Investors currently include Baseline Ventures, Bain Capital Ventures, S28 Capital, Fathom Capital, and Bright Cap Ventures. LucidLink is privately held and headquartered in San Francisco, California, with offices in Bulgaria, Europe, and Australia. For more information please contact This email address is being protected from spambots. You need JavaScript enabled to view it.. Follow us on Twitter and LinkedIn and visit us at www.lucidlink.com.


Contacts

Kurt Walker
VP of Growth
801-362-4761
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LIVONIA, Mich.--(BUSINESS WIRE)--Customer engagement with the nation’s largest 140 electric, combination and natural gas utilities has reached a new high thanks to effective utility responses to challenges posed by the pandemic and economy. Escalent’s ECR (engaged customer relationship) index, a comprehensive customer relationship measurement used by utility management to assess customer engagement, increased 15 points this year to 728 (on a 1,000-point benchmark scale) as a result of strengthened brand perceptions and increased product engagement. Forty-two utilities performed above their peers to earn the title of Escalent 2020 Utility Customer Champions. These results are from the 2020 Cogent Syndicated Utility Trusted Brand & Customer Engagement™: Residential study by Escalent, a top human behavior and analytics firm.


Customers, Wall Street and regulators have all made it clear that the future success of a utility depends on engagement beyond the meter. Three in four (76%) customers now state their ideal utility should excel in the areas of Environment, Social and Governance (ESG), all categories that align with the ECR index’s Brand Trust component. Customers also report increased product engagement with high use of energy consumption management offerings (64% across 13 offerings) and interest in renewable energy and electric vehicle-related products (74% across seven offerings).

“Engaging customers beyond simply satisfying service needs is now a utility reality to ensure future success. Scoring well on the ECR index is critical to growing company value and stakeholder support,” said Chris Oberle, senior vice president at Escalent. “Utilities have confronted a very tough year by building customer support for their environmental, social, product and management efforts. Our 2020 Customer Champions are leading the pack on these ESG principles.”

Escalent congratulates the following utilities as 2020 Customer Champions. These utilities have scored above their peers on the ECR index, a 360-degree measurement of the utility customer relationship through performance on factors that impact Brand Trust, Product Experience and Service Satisfaction.

Cogent Syndicated 2020 Utility Customer Champions

AEP Ohio

Duquesne Light

Pepco

Atmos Energy – South

Elizabethtown Gas

Piedmont Natural Gas

Avista

Idaho Power

PPL Electric Utilities

BGE

Intermountain Gas Company

PSE&G

Black Hills Energy – Midwest

Kentucky Utilities

RG&E

Cascade Natural Gas

MidAmerican Energy

Salt River Project

CenterPoint Energy – Midwest

Montana-Dakota Utilities

SDG&E

Columbia Gas – South

New Jersey Natural Gas

TECO Peoples Gas

Columbia Gas of Ohio

NIPSCO

Texas Gas Service

CPS Energy

NW Natural

Toledo Edison

Dayton Power & Light

Oklahoma Natural Gas

Washington Gas

Delmarva Power

OUC

Wisconsin Public Service

DTE Energy

PECO Energy

Xcel Energy – Midwest

Duke Energy Midwest

Peoples Gas

Xcel Energy – West

 

 

 

The following are ECR scores for the 140 utilities covered in the study.

East Region Utility Brands

Engaged Customer
Relationship index

Service type

RG&E

750

Combination

PECO Energy

743

Combination

PSE&G

741

Combination

BGE

732

Combination

Delmarva Power

730

Combination

Con Edison

723

Combination

National Grid

719

Combination

NYSEG

709

Combination

Eversource

698

Combination

Pepco

749

Electric

PPL Electric Utilities

748

Electric

Duquesne Light

732

Electric

Penelec

726

Electric

Green Mountain Power

725

Electric

Penn Power

725

Electric

Met-Ed

717

Electric

Potomac Edison

704

Electric

Atlantic City Electric

700

Electric

West Penn Power

697

Electric

Appalachian Power

692

Electric

Mon Power

681

Electric

PSEG Long Island

676

Electric

Jersey Central Power & Light

671

Electric

Central Maine Power

666

Electric

Washington Gas

769

Natural Gas

Elizabethtown Gas

755

Natural Gas

New Jersey Natural Gas

754

Natural Gas

National Fuel Gas

747

Natural Gas

UGI Utilities

746

Natural Gas

South Jersey Gas Company

743

Natural Gas

Peoples

741

Natural Gas

Philadelphia Gas Works

723

Natural Gas

Columbia Gas – East

695

Natural Gas

 

Midwest Region Utility Brands

Engaged Customer
Relationship index

Service type

DTE Energy

753

Combination

Black Hills Energy – Midwest

751

Combination

Wisconsin Public Service

743

Combination

Xcel Energy – Midwest

743

Combination

MidAmerican Energy

742

Combination

NIPSCO

741

Combination

Montana-Dakota Utilities

740

Combination

Duke Energy Midwest

735

Combination

Ameren Illinois

733

Combination

Consumers Energy

727

Combination

Alliant Energy

715

Combination

We Energies

699

Combination

Vectren

684

Combination

Toledo Edison

746

Electric

Dayton Power & Light

739

Electric

AEP Ohio

735

Electric

OPPD

726

Electric

Indianapolis Power & Light

723

Electric

ComEd

719

Electric

Ohio Edison

716

Electric

Indiana Michigan Power

712

Electric

Ameren Missouri

711

Electric

The Illuminating Company

704

Electric

Evergy

696

Electric

Columbia Gas of Ohio

760

Natural Gas

CenterPoint Energy – Midwest

744

Natural Gas

Peoples Gas

740

Natural Gas

Nicor Gas

736

Natural Gas

Spire Missouri – East

732

Natural Gas

Dominion Energy Ohio

726

Natural Gas

Kansas Gas Service

718

Natural Gas

Atmos Energy – Midwest

718

Natural Gas

Citizens Energy

709

Natural Gas

Spire Missouri – West

708

Natural Gas

 

South Region Utility Brands

Engaged Customer
Relationship index

Service type

CPS Energy

749

Combination

Louisville Gas & Electric

725

Combination

Dominion Energy South Carolina

712

Combination

MLGW

688

Combination

OUC

776

Electric

Kentucky Utilities

766

Electric

Florida Power & Light

755

Electric

Georgia Power

751

Electric

TECO Tampa Electric

747

Electric

Entergy Texas

736

Electric

Entergy Mississippi

735

Electric

OG&E

735

Electric

Mississippi Power

734

Electric

Entergy Louisiana

733

Electric

Duke Energy Carolinas

732

Electric

Dominion Energy Virginia

731

Electric

Entergy Arkansas

727

Electric

Alabama Power

727

Electric

Public Service Company of Oklahoma

725

Electric

Xcel Energy – South

724

Electric

Duke Energy Florida

724

Electric

Southwestern Electric Power Company

722

Electric

Nashville Electric Service

721

Electric

Austin Energy

714

Electric

Gulf Power

712

Electric

JEA

710

Electric

El Paso Electric

710

Electric

Duke Energy Progress

697

Electric

Entergy New Orleans

687

Electric

Kentucky Power

662

Electric

Columbia Gas – South

787

Natural Gas

TECO Peoples Gas

781

Natural Gas

Piedmont Natural Gas

778

Natural Gas

Texas Gas Service

760

Natural Gas

Oklahoma Natural Gas

757

Natural Gas

Atmos Energy – South

757

Natural Gas

CenterPoint Energy – South

753

Natural Gas

Virginia Natural Gas

745

Natural Gas

Spire Alabama

743

Natural Gas

Chattanooga Gas Company

739

Natural Gas

Dominion Energy North Carolina

738

Natural Gas

Florida City Gas Company

732

Natural Gas

Spire Mississippi

705

Natural Gas

Spire Gulf Coast

702

Natural Gas

 

West Region Utility Brands

Engaged Customer
Relationship index

Service type

SDG&E

749

Combination

Xcel Energy – West

742

Combination

Avista

735

Combination

Puget Sound Energy

728

Combination

Colorado Springs Utilities

727

Combination

NorthWestern Energy

723

Combination

Black Hills Energy – West

663

Combination

PG&E

645

Combination

Idaho Power

764

Electric

Salt River Project

748

Electric

Portland General Electric

737

Electric

Seattle City Light

735

Electric

SMUD

733

Electric

Pacific Power

733

Electric

Tucson Electric Power

723

Electric

Rocky Mountain Power

720

Electric

Southern California Edison

716

Electric

NV Energy

715

Electric

Los Angeles Department of Water & Power

690

Electric

PNM

674

Electric

APS

673

Electric

Cascade Natural Gas

788

Natural Gas

NW Natural

787

Natural Gas

Intermountain Gas Company

762

Natural Gas

Southwest Gas

752

Natural Gas

SoCalGas

746

Natural Gas

New Mexico Gas Company

732

Natural Gas

Dominion Energy West

727

Natural Gas

 

About Utility Trusted Brand & Customer Engagement™: Residential

Escalent conducted surveys among 73,170 residential electric, natural gas and combination utility customers of the 140 largest US utility companies (based on residential customer counts). The sample design uses a combination of quotas and weighting based on US census data to ensure a demographically balanced sample of each evaluated utility’s customers based on age, gender, income, race and ethnicity. Utilities within the same region and of the same type (e.g., electric-only providers) are given equal weight to balance the influence of each utility’s customers on survey results. Escalent will supply the exact wording of any survey question upon request.

About Escalent

Escalent is a top human behavior and analytics firm specializing in industries facing disruption and business transformation. As catalysts of progress for more than 40 years, we tell stories that transform data and insight into a profound understanding of what drives human beings. And we help businesses turn those drivers into actions that build brands, enhance customer experiences and inspire product innovation. Visit escalent.co to see how we are helping shape the brands that are reshaping the world.


Contacts

Sarah Keller, 734.779.6847
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METAIRIE, La.--(BUSINESS WIRE)--Biloxi Marsh Lands Corporation (PINK SHEETS: BLMC) today announces its unaudited results for the third quarter of 2020 and first nine months of 2020. The Company’s revenue for the three months ended September 30, 2020 from oil and gas production for its fee lands was $1,557 compared to revenue of $7,165 for the third quarter of 2019. Dividend and interest income for the third quarter of 2020 was $11,233 compared to $22,596 for 2019. The Company realized a cumulative gain from the sale of investment securities of $31,519 compared to a cumulative gain of $64,736 for the same period of 2019. The flow-through losses from the Company’s membership interests in limited liability companies was $73,188 for the third quarter of 2020 compared to $488,652 for 2019. During the third quarter of 2020, the Company recognized a settlement gain in the amount of $1,607,716. Expenses for the third quarter were $102,321 compared to $178,577 for the same period of 2019. The Company had net income of $1,546,908 or $0.62 per share for the third quarter of 2020 compared to a net loss of $483,946 or $0.19 per share in 2019. For the first nine months of 2020, there was net income of $521,134 or $0.21 per share compared to a net loss of $1,836,698 or $0.73 per share for the same period of 2019.

Due to office closures caused by COVID-19 and various tropical weather events, the timeliness of the Company’s office administration has been hindered slightly, but its field operations continue with impact only from the tropical weather events.

The Company’s claim (Biloxi Marsh Lands Corp., et al. v. United States; Case No. 12-382L) in the U.S. Court of Federal Claims against the U.S. Army Corps of Engineers seeking monetary damages for property damage and losses caused by the Mississippi River Gulf Outlet is in the process of moving forward. The U.S. Department of Justice filed a motion for summary judgment on the issue of statute of limitations concerning the portion for the Company’s claim related to a taking of real property. The parties continue to await the Court’s decision. The Company cannot predict the timing of resolution or the outcome of this litigation process, but it is anticipated that this litigation process will take time.

During the third quarter, the Company received a settlement payment for its wetlands real property claim under the Halliburton Energy Service, Inc. / Transocean Settlements arising out of the Deepwater Horizon incident in the Gulf of Mexico beginning on April 20, 2010. These settlements are separate from the BP Deepwater Horizon Economic and Property Damages Settlement Program. The Company has been advised by our legal counsel that no additional recovery under the settlements is expected related to the BP Deepwater Horizon oil spill.

B&L Exploration, LLC (“BLX”), of which the Company owns a 75% membership interest, is contractually entitled to a 1.5% of 8/8ths overriding royalty interest (ORRI) in the mineral leases comprising the 9,000 acre - EOC-TUSC BL UDS SUA production unit from which the Highlander well is producing. This production unit is located in St. Martin Parish, Louisiana. A series of public hearings have taken place with respect to the production unit. The public meeting to consider the application by one of mineral owners requesting that the size of the unit be reduced was held and an order by the Louisiana’s Department of Natural Resources (“LDNR”), Office of Conservation has yet to be posted on LDNR’s website. Information reported by the Highlander well’s operator to LDNR is available on LDNR’s Strategic Online Natural Resources Information System (SONRIS – www.sonris.com).

BLX continues its operations in South Texas. As previously reported, B&L Resources, LLC (“BLR”), of which the Company owns a 50% membership interest, continues its development efforts in South Texas and is focused on its recent acquisition of Heyser Field from Frostwood Energy, LLC.

Biloxi Marsh Lands Corporation is a Delaware corporation whose principal assets are surface and mineral rights to approximately 90,000 acres of marsh land in St. Bernard Parish, Louisiana, which from time to time generates revenues from mineral activities including lease bonuses, delay rentals, royalties on oil and natural gas production, and fee land income unrelated to oil and gas activities. Through investment in limited liability companies the Company also has separate interests in various oil and gas properties in Louisiana and Texas outside of its fee lands.

We encourage you to visit our website to obtain general information about the Company, its efforts in the coastal restoration arena, as well as historical annual reports and press releases. We strongly recommend that all interested parties become familiar with the information available on the Company’s website: www.biloximarshlandscorp.com.

This news release contains forward-looking statements regarding all of the Company’s business activities including without limitation oil and gas discoveries, oil and gas exploration, and development and production activities and reserves. Accuracy of the forward-looking statements depends on assumptions about events that change over time and is thus susceptible to periodic change based on actual experience and new developments. The Company cautions readers that it assumes no obligation to update or publicly release any revisions to the forward-looking statements in this report. Important factors that might cause future results to differ from these forward-looking statements include: variations in the market prices of oil and natural gas; drilling results; unanticipated fluctuations in flow rates of producing wells; oil and natural gas reserves expectations; the ability to satisfy future cash obligations and environmental costs; and general exploration and development risks and hazards. Readers are cautioned not to place undue reliance on forward-looking statements made by or on behalf of the Company. Each such statement speaks only as of the day it was made. The factors described above cannot be controlled by the Company. When used in this report, the words “believes”, “estimates”, “plans”, “expects”, “could”, “should”, “outlook”, and “anticipates” and similar expressions as they relate to the Company or its management are intended to identify forward-looking statements.

The following “Statements of Assets, Liabilities and Stockholders’ Equity” and “Statements of Revenues and Expenses” have been derived from interim unaudited financial statements which do not include the information and footnotes that are an integral part of a complete financial statement.

Inquiries should be made through the Contact Mailbox on the Company’s website: http://www.biloximarshlandscorp.com/contact/.

BILOXI MARSH LANDS CORPORATION
Statements of Assets, Liabilities, and Stockholders' Equity
September 30, 2020 and 2019
 
Assets

2020

2019

 
Current assets:
Cash and cash equivalents $

2,280,913

916,830

Accounts receivable

33,071

7,501

Prepaid expenses

49,402

68,840

Deferred tax asset

21,159

Income taxes receivable

4,882

28,817

Other assets

3,830

3,830

Total current assets

2,372,098

1,046,977

Other assets:
Membership interest in limited liability companies

312,241

311,962

Marketable debt and equity securities - at cost

3,799,001

5,386,720

Land

234,939

234,939

Total other assets

4,346,181

5,933,621

 
Total assets $

6,718,279

6,980,598

Liabilities and Stockholders' Equity
Current liabilities:
Accrued expenses $

34,115

57,169

Membership interest in limited liability companies

684,294

Total current liabilities

718,409

57,169

Stockholders' equity:
Common stock, $.001 par value. Authorized, 20,000,000 shares;
issued, 2,851,196 shares; outstanding, 2,505,028 shares

47,520

47,520

Retained earnings

9,029,375

9,952,934

Treasury stock - 346,168 shares, at cost

(3,077,025)

(3,077,025)

Total liabilities and stockholders' equity $

6,718,279

6,980,598

BILOXI MARSH LANDS CORPORATION
Statements of Revenues and Expenses
September 30, 2020 and 2019
 

3 Months Ended

 

9 Months Ended

September 30

 

September 30

2020

 

2019

 

2020

 

2019

 
Revenues:
Oil and gas royalties

$ 1,557

7,165

$ 6,512

$ 11,619

Total oil and gas revenues

1,557

7,165

6,512

11,619

 
Other income (loss):
Dividends and interest income

11,233

22,596

43,041

81,451

Gain (loss) on sale of securities

31,519

64,736

(81,196)

(172,766)

Gain on settlement

1,607,716

-

1,761,510

-

Fee land income

70,392

88,786

70,392

142,422

Loss from membership interest in limited liability companies

(73,188)

(488,652)

(884,709)

(1,336,693)

Total other income

1,647,672

(312,534)

909,038

(1,285,586)

Total revenues and other income

1,649,229

(305,369)

915,550

(1,273,967)

 
Expenses:
Total expenses

102,321

178,577

394,416

562,731

Net income before income taxes

1,546,908

(483,946)

521,134

(1,836,698)

Income tax expense (benefit)

-

-

-

-

Net income

$ 1,546,908

(483,946)

$ 521,134

(1,836,698)

 
Net income per share

$ 0.62

$ (0.19)

$ 0.21

$ (0.73)

 


Contacts

Biloxi Marsh Lands Corporation
Belle Bellard: 504-837-4337

CARY, N.C.--(BUSINESS WIRE)--MercuryGate® International, Inc., (MercuryGate) the largest and rapidly growing independent SaaS transportation management system (TMS) provider, today announced the expansion of its digital freight matching (DFM) capability with the creation and integration of an automated freight matching network.


MercuryGate’s digital freight network (DFN) produces visibility to capacity with guaranteed rates in a seamless, automated process equipping customers with extensive options for finding capacity at competitive rates to keep products moving and trucks full. The DFM solution uses embedded analytics that delivers the critical information and insight needed to make the right decision based on MercuryGate’s extensive $65 billion freight network. The network also helps capacity providers match their empty equipment with immediate demand to remove unnecessary empty miles throughout the transportation network.

We live in a data-driven world and tapping into the power of analytics isn’t an option, it’s a necessity,” said MercuryGate President & CEO Joe Juliano. “Connecting the right loads with the right carriers and providing a guaranteed rate in real time requires more than a rolodex, it requires unprecedented speed and insight to analyze enormous amounts of information and automatically produce realistic and executable load plans while responding to disruptions in the supply chain. Adding digital freight capabilities automates what was typically a tedious manual process into available capacity from the first to the last mile.”

DFM offers an additional source to shippers seeking to fill capacity while closing the loop for 3PL’s, Carriers and Brokers to simplify the freight brokerage process; even for large shippers with private fleets seeking to sell empty miles. MercuryGate’s digital freight matching service is the world’s largest, creating a network of unlimited capacity to support the company’s shipping customers’ needs and providing its 3PL, Carrier and Broker networks an opportunity to sell more loads autonomously on an extended marketplace.

As reported by Gartner, “many new digital freight models have entered the market. The digitized freight network is the most common freight model for road transportation. These DFNs provide an alternative to traditional brokers, load boards and the spot market, which remain time-consuming and collect information from carriers and shippers, but don’t support true collaboration. These digitized freight networks can help companies that are looking for real-time available capacity or looking to reduce transportation costs during the current crisis as well as during future challenging times.”

According to the Gartner, “As the transportation industry continues to be in flux, companies are searching for additional freight resources via technology”. The report continues to say that, “Gartner is seeing that the current market dynamics in transportation are increasing the urgency for digital optimization and transformation in many supply chains. This trend is being seen across the supply chain — transportation and freight brokerage included. There is a need in the market to automate and digitize to make interactions and business easier for shippers and transportation providers alike.” *

As the industry heads into the historically capacity-constrained holiday season, coupled with ongoing pandemic constrictions and disruptions, the availability of a digital freight matching network is an added advantage for MercuryGate customers.

MercuryGate’s focus to deliver more value to customers is our number one goal,” said Juliano. “Leveraging machine learning and data analytics to get logistics right and reduce idle capacity, increase driver income and decrease freight costs for shippers and transporters underscores the complementary benefit of DFM for all modes of transportation. At a time when disruptions to transportation have resulted in record tender rejections, shippers need a way to find the capacity they need to keep their goods flowing. MercuryGate delivers on that added need and value.”

For more information on MercuryGate’s Digital Freight Network, please contact: This email address is being protected from spambots. You need JavaScript enabled to view it.

*Gartner, “Market Guide for Digital Freight Models for Road Transportation,” Bart De Muynck, Carly West, 22 October 2020.

About MercuryGate

MercuryGate provides powerful transportation management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, freight forwarders, brokers, and carriers. MercuryGate’s solutions are unique in their native support of all modes of transportation on a single platform including Parcel, LTL, Truckload, Air, Ocean, Rail, and Intermodal. Through the continued release of innovative, results-driven technology and a commitment to making customers successful, MercuryGate delivers exceptional value for TMS users through improved productivity and operational efficiency. MercuryGate offers business intelligence to improve transportation processes, increase customer satisfaction, and reduce costs. Find out why MercuryGate has set the industry standard for the most adaptable, comprehensive transportation solutions suite in the industry at: https://mercurygate.com or on Twitter at @MercuryGate.


Contacts

MercuryGate Media Contact:
Michelle Perkins
PThis email address is being protected from spambots. You need JavaScript enabled to view it.

INDIANAPOLIS--(BUSINESS WIRE)--#AI--Energy Systems Network (ESN) and the Indianapolis Motor Speedway (IMS), organizers of the Indy Autonomous Challenge (IAC), will hold a press conference on January 11, 2021, on Media Day at CES 2021, to unveil the official racecar that will be autonomously driven by scores of university teams in the world’s first high-speed head-to-head autonomous race at the Indianapolis Motor Speedway.


The IAC race is scheduled for October 23, 2021, with a qualifying simulation race to be held during the Indy 500 week next May. The Indianapolis Motor Speedway, the Racing Capital of the World, has also been a catalyst and proving ground for motorsport and transportation innovation since its inception in 1909.

What: Press Conference to Unveil the Official Racecar of the Indy Autonomous Challenge

When: January 11, 2021 at 2:00pm EST, followed by Q&A, as part of CES 2021 Media Day

Participants:

  • Paul Mitchell, president & CEO, Energy Systems Network
  • Mark Miles, president & CEO, Penske Entertainment Corp.
  • Doug Boles, president, Indianapolis Motor Speedway.
  • Stefano dePonti, CEO and general manager, Dallara USA
  • Sebastian Thrun, CEO, Kitty Hawk and chairman and founder, Udacity, winner of the 2005 DARPA Grand Challenge,

The IAC will also host two 30-minute live Spotlight Sessions on January 12 and 13, 2021. The first: Commercialization of Autonomous Vehicles, presented by Energy Systems Network. The second: Technology in Motorsports, presented by Bridgestone.

The IAC builds on the successful impact of the DARPA Grand Challenge, which led to expanded R&D in the field of autonomous vehicles. Twenty-eight teams, comprising more than 500 undergraduate and graduate students, PhDs and mentors who excel in AI software, are registered to compete, representing 11 countries on four continents.

About the Indy Autonomous Challenge

The Indy Autonomous Challenge (IAC), organized by Energy Systems Network (ESN) and the Indianapolis Motor Speedway (IMS), is a $1.5 million prize competition among universities to program modified Dallara IL-15 racecars and compete in the world’s first autonomous head-to-head race around the famed Indianapolis Motor Speedway on October 23, 2021. IAC sponsors include: ADLINK, Ansys, Aptiv, AutonomouStuff, Bridgestone, CU-ICAR, Dallara, Indiana Economic Development Corp., Microsoft, New Eagle, PWR, RTI, Schaeffler, Valvoline.

About CES® - The Global Stage for Innovation

CES® is the most influential tech event in the world — the proving ground for breakthrough technologies and global innovators. This is where the world's biggest brands do business and meet new partners, and the sharpest innovators hit the stage.

Press Kits and BROLL will be distributed on January 11, 2021, posted on the IAC/CES microsite and IAC website. To learn more, visit: IndyAutonomousChallenge.com and follow us on Twitter (#IAC2021) and LinkedIn

Journalists attending the press conference must register by January 8, 2021 as media with CES 2021: https://ces2021.eventcore.com/


Contacts

Diane Murphy, This email address is being protected from spambots. You need JavaScript enabled to view it.; +1.310.658.8756
Alex Damron This email address is being protected from spambots. You need JavaScript enabled to view it.; +1.317.501.4218

  • Stakeholder’s natural gas and crude oil systems serve producers working in the San Andres formation in West Texas and Southeast New Mexico

SAN ANTONIO--(BUSINESS WIRE)--#midstream--Stakeholder Midstream, LLC, (“Stakeholder”) announced today it has acquired gas gathering and processing assets from Santa Fe Midstream, LLC (“Santa Fe”). Located in Yoakum County, Texas, the assets include Santa Fe’s 30-30 Gas Treating and Processing Plant, low-pressure gas gathering pipelines, downstream residue and NGL lines, and a long-term acreage dedication from an established San Andres oil and gas producer. The Santa Fe System will complement Stakeholder’s existing Campo Viejo Processing Plant and gathering system currently serving San Andres producers on the Northwest Shelf of the Permian Basin. The acquisition brings the combined systems’ gas processing capacity to approximately 85 million cubic feet per day, total gathering pipeline mileage to approximately 450 miles and total acreage dedications to the combined gas systems to greater than 200,000 acres (system map here).


“We entered the San Andres play in 2016 due to the unique blend of production stability and growth potential, and that thesis has been validated by our customers’ performance,” said Stakeholder Co-CEO Robert Liddell. “Despite a challenging commodity environment in 2020, our system volumes continued to grow year over year and we expect that trend to continue. This consolidation enhances Stakeholder’s capabilities to provide even better service to our customers.”

The Santa Fe acquisition follows Stakeholder’s August 2020 purchase and integration of a crude gathering system owned collectively by Walsh Petroleum, Inc. and Burk Royalty Co., Ltd. The August acquisition brings pipeline mileage on the crude oil gathering system to approximately 150 miles and acreage dedications to the crude system to approximately 150,000 acres. The San Andres Crude Gathering System includes 60,000 barrels of storage and is connected to Phillips 66, Plains All American and the Centurion Pipeline System (system map here).

Hunton Andrews Kurth LLP served as legal counsel to Stakeholder with partners Parker Lee and Taylor Landry in the lead roles from the firm’s New York and Houston offices, respectively. Kirkland & Ellis LLP served as legal counsel to Santa Fe. Partners Kevin Crews and Thomas Laughlin led the Kirkland & Ellis team from the firm’s Dallas office.

About Stakeholder Midstream, LLC

Based in San Antonio and founded in 2015, Stakeholder Midstream is an independent midstream company serving oil and gas producers operating in unconventional shale plays throughout North America. Stakeholder’s long-term vision of success is built on fostering strong, long-term relationships with all constituents. Stakeholder cultivates these relationships based on trust, accountability and fairness to ensure that all stakeholders are heard, valued and served. Capabilities include in-field natural gas gathering, compression, treating and processing services; innovative NGL solutions; and crude oil gathering, transportation, and storage. Stakeholder is backed by growth capital commitments from EnCap Flatrock Midstream. www.stakeholdermidstream.com

About EnCap Flatrock Midstream

EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. Based in San Antonio with offices in Oklahoma City and Houston, the firm manages investment commitments of nearly $9 billion from a broad group of prestigious institutional investors. EnCap Flatrock Midstream is currently making commitments to management teams from EFM Fund IV, a $3.25 billion fund. For more information, please visit www.efmidstream.com.


Contacts

Casey Nikoloric
TEN|10 Group, LLC
303.433.4397, x101 o
303.507.0510 m
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Haass speaks with IHS Markit Vice Chairman Daniel Yergin for the latest CERAWeek Conversations – available at www.ceraweek.com/conversations


WASHINGTON--(BUSINESS WIRE)--In the latest edition of CERAWeek Conversations, Richard N. Haass, president of the Council on Foreign Relations, discusses the major themes of his new book The World: A Brief Introduction and applies them to the challenges facing the world at it heads into 2021. He urges society to adopt a mindset that connects the impact of individual and domestic actions on international issues.

In a conversation with Daniel Yergin, vice chairman, IHS Markit (NYSE: INFO), Haass frames the uniqueness of today’s global challenges in a historical context, explores the pushback against globalization, examines U.S.-China relations, the growing divide with Russia, and regional risks posed by Iran, and presents new models for international collaboration on climate change and trade.

The complete video is available at: www.ceraweek.com/conversations

Selected excerpts:
Interview Recorded Tuesday, December 8, 2020

(Edited slightly for brevity only)

  • On the major foreign policy challenges for the Biden Administration:

    “It’s one hell of an inbox. It begins with a lot of the domestic pressures stemming from COVID-19. We’re not going to have the bandwidth to deal with a lot of the world if we can’t get on top of this virus at home. We may not think of a pandemic as a national security challenge, but it really is.

    “You have various manifestations of great power challenge, fundamentally different ones, from Russia and China. Then you’ve got the problem countries – places like North Korea, Iran, Venezuela. And then you’ve got global issues like climate. It’s an extraordinary inbox facing the new administration.”
  • On how America’s traditional allies view the United States:

    “Many of them, particularly in Europe, to some extent in Asia, are dismayed. Quite honestly, they get up in the morning and they see things and they shake their heads because this is not the United States they knew or thought they knew. Even the election result, which most of our traditional allies welcomed, they are worried not simply over the president’s pushing back, but rather the sense that 70 million Americans voted for someone so outside the general mainstream of American foreign policy of the last 75 years.

    “They’re worried what this might portend for the future. A lot of our allies don’t know what’s the norm and what’s the aberration. And is the next four years, which kind of looks like a return to the past, is that something that can be taken for granted going forward? Or just the opposite – is the Biden Administration likely to be a one-term phenomenon and then we return to some version of Trumpism with or without the man? It has injected a great degree of uncertainty. I think you’re going to see a degree of hedging behavior on the part of allies in Europe and Asia.”
  • On U.S.-China relations:

    “This history of the Cold War doesn’t help us so much with China. It’s a very different kind of challenge than was the Soviet Union because China is so economically powerful and economically integrated. The challenge for American foreign policy is, how do you push back against China where we need to over what they’re doing in the South China Sea or what they might do with Taiwan? How do we push back where it’s warranted, but how do we do so in a way that, one, does not lead to a conflict and, two, doesn’t preclude the possibility of cooperation on climate or North Korea or something like global health where it’s obviously in our interest that the two of us do cooperate. That’s a real challenge for foreign policy.

    “It’s so much easier when you have a one-dimensional relationship, but to have a relationship with multiple dimensions is a much more difficult foreign policy and statecraft challenge.”
  • On the challenges of Iran and Russia:

    “I would describe Iran as an imperial power. They want to have a role; they want to have a sway that transcends the borders of Iran. They want to be first among equals and they want a degree of deference towards them. Iran is a real challenge because they are not a status quo country and they have a lot of tools at their discretion. They are constrained to some extent by internal political divisions and they’re clearly constrained by American sanctions, but Iran is a real force to be reckoned with in the region.

    “Mr. Putin gets up in the morning and in his worldview, what we represent – our kind of liberalism in the traditional sense of the word – he sees as a threat to Russia and to his rule over Russia. With the new administration in the United States, which is going to put more of an emphasis on political issues and democracy promotion, on human rights, the friction between the U.S. and Russia will heat up. But I also think the new administration will be businesslike. You’ll hopefully have an extension of the New START nuclear agreement. I think there’ll be regular diplomacy, not necessarily the kind of personal diplomacy that we saw with Trump and Putin, but more the kind of stuff that has been the norm for decades.”
  • On new international approaches to dealing with climate change:

    “If you look at Paris, the whole structure is each country sets its own ambitions. And then you add it all up and see what you’ve got. The problem is, you look at the ambitions and you add it up and it’s inadequate. One approach for the future is essentially 'Paris 2.0' where countries would agree to lay out more ambitious timetables and goals for themselves when it comes to reducing emissions. That’s possible, but I just don’t see that will ever get us to where we need to go.

    “The most interesting area for creative thinking is going to be in the realm of trade and whether in the future certain trade agreements…we would enter such a group and then over time such a group would adopt climate criteria: if you want to export into us you have to meet certain climate related standards. If you can’t, you’ll be subject to a tariff. We need a whole different mindset. Rather than thinking about a top-down, universal, concentrated approach to climate, we’re going to have to think about a much more multifaceted approach, more ground-up, some national, some various kind of multilateral. But the approach to climate is going to have to be very different if it’s going to succeed.”
  • On global responses to COVID-19:

    “If you look at how countries have fared, it doesn’t break down along the nature of the system. There’s been successful democracies, and there have been democracies that have failed. You have successful authoritarian systems, then you have [Iran and Russia]. It’s all about the leadership, not about the nature of the system.

    “The World Health Organization clearly failed early on. It’s another example of how the institutional machinery of the world is inadequate to the task. China did not meet its obligations early on under the international health regulations. It shows how there’s still a real tension in the world between sovereign rights and sovereign obligations and we haven’t sorted that out. We’re going to have an interesting test coming up with the question of vaccine production, dissemination and funding. An interesting question will be, Can the world come up with an approach to dealing with vaccines and therapeutics and sharing tests where there really is a genuine sharing? At the moment I’d simply say we’re not there.”
  • On potential new pushback to international trade:

    “I think there may be a new push against trade because of supply chain issues. Coming out of COVID and other experiences, more and more governments may say: 'We can’t afford to be so vulnerable to this or that supply chain potential disruption, therefore what we’re going to have to do is have more domestic mandated production.' The problem, is, if every country on its own decides to go down the path of domestic mandated production it’s called import substitution; it’s called protectionism. If we do go down that path at all I would argue it’s essential it be coordinated within the World Trade Organization. It can’t just be done unilaterally.”
  • On the unique global challenges of today in a historical context:

    “This is an era in which power has been distributed widely – power in all of its manifestations – and it’s in more hands. Not all those hands are the hands of nation states. [They] could be corporations, could be foundations, elements of civil society. Second, this is an era of history that is increasingly defined by global challenges. We’re living with one now – infectious disease that became a pandemic – but also climate change, proliferation, terrorism, cyber space and the digital domain, a global monetary order.

    “All of these are manifestations of globalization; all of these present all sorts of challenges. What makes this era of history so interesting, challenging, difficult and different, is that in addition to the normal stuff of history, we have widely distributed capacity in a wide set of hands at a time we are also facing these global challenges and in every one of these cases there is a large gap between the scale of the challenge and the degree of international resolve and consensus to meet it.”
  • On the motivation behind his writing “The World: A Brief Introduction:”

    “The reason I thought it was necessary to do was, simply, I thought so few people in my country, but also around the world, have a real appreciation for why the world matters, how it affects their lives and, in turn, what they or their company or their government does and how that affects the world at the same time. If you don’t understand why the world matters, you’re much more prone to not paying attention to it, to support policies like isolationism, essentially to discount the importance of international things even though we live in a moment where they’re arguably more important than ever.

    “Even if you studied these things years ago, what you studied is in many ways irrelevant. The world is dynamic. If you watch the news at night in the U.S. and many counties, you don’t get an awful lot of coverage of the world. On the internet there’s tons of information – the problem is there’s tons of stuff that is inaccurate. Jefferson said a democracy requires an informed citizenry. You need the people – the citizens of a society – to hold their elected and appointed representatives to account, to ask the tough questions. How can you ask the tough questions if you’re not informed? I wrote this for people of any and every age because we are all so affected by what’s going on beyond our borders.”
  • On the fatigue among Americans of U.S. engagement in the world:

    “For the last 75 years of history the principal agent of promoting order in the world has been the U.S., beginning with WWII, the creative aftermath to WWII, the Cold War and the rest. What worries me now is a lot of Americans are tired of this role. They don’t see the connections, they don’t understand how the world affects them, about how American foreign policy has affected the world. The cost-benefit ratio of our involvement in the world has been remarkable. But you wouldn’t know that if you don’t study history.

    “Also, recent experiences of the U.S. in the world, things like Iraq and Afghanistan where clearly the costs outweighed the benefits, we did make mistakes. Then you’ve got all these domestic demands, immediately now dealing with COVID. But even apart from COVID, we have the opioid problem, violence issues, infrastructure, public schools, race. There’s a natural inclination to discount the world, to turn inward. For a lot of people what matters not only begins at home but also stays close to home. As a result, there’s a real discounting of the significance of the world on their fate.”
  • On the splintering of support for globalization:

    “Globalization has brought many good things. If you look at the last 70-75 years you can see the increase in wealth around the world, the absence of great power conflict, access to information through the internet, the ability to travel, many more countries are independent, many more people have degrees of freedom. This has been a remarkable era of history.

    “It really has been something of a golden age, yet there’s enormous pushback against globalization and in part some of it is understandable. There are aspects of globalization, including infectious diseases, which are anything but benign. There are many manifestations of globalization that are problematic. The problem is there’s lots of good things including trade, business, the free flow of ideas. The challenge is how do you push back against the bad part of globalization without throwing the baby out with the proverbial bath water?”

Watch the complete video at: www.ceraweek.com/conversations

About CERAWeek Conversations:

CERAWeek Conversations features original interviews and discussion with energy industry leaders, government officials and policymakers, leaders from the technology, financial and industrial communities—and energy technology innovators.

The series is produced by the team responsible for the world’s preeminent energy conference, CERAWeek by IHS Markit.

New installments will be added weekly at www.ceraweek.com/conversations.

Recent segments also include:

A complete video library is available at www.ceraweek.com/conversations.

About IHS Markit (www.ihsmarkit.com)

IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.

IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2020 IHS Markit Ltd. All rights reserved.


Contacts

News Media:
Jeff Marn
IHS Markit
+1 202 463 8213
This email address is being protected from spambots. You need JavaScript enabled to view it.

Press Team
+1 303 858 6417
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Donations are being made across U.S., U.K. on behalf of the company’s employees

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) announced today it is contributing a total of $1 million to 48 local food banks across the U.S. and in the U.K., with $200,000 going to five organizations in Houston. The gift, made on behalf of Phillips 66 employees, is meant to support organizations that have offered a critical lifeline this year to communities where the company operates.


“We have a deep appreciation for the organizations that stood with their communities and provided such an essential service in the face of the enormous challenges of 2020,” said Phillips 66 Chairman and CEO Greg Garland. “This is a gift from the people of Phillips 66 to those that are taking care of our most vulnerable.”

The company’s $1 million donation will be spread across 11 states and in the United Kingdom and is part of more than $31 million donated to charitable organizations in 2020.

In Houston, the company is donating to the Houston Food Bank, the area’s largest hunger relief distribution agency, along with Kids’ Meals, Target Hunger, the West Houston Assistance Ministries and the Montgomery County Food Bank. The donations are in addition to the $500,000 donated by Phillips 66 to the Houston Food Bank earlier this year.

“We are extremely grateful for this very generous donation from Phillips 66 that will allow us to provide access to an additional 1.5 million meals for our neighbors,” says Brian Greene, president and CEO of Houston Food Bank. “Due to the ongoing COVID-19 crisis, we continue to see an increased need for food assistance in our Southeast Texas communities. With the support of donations from generous companies like Phillips 66 we can continue to provide food to better the lives of our neighbors and work together to reduce some of their burdens.”

To read more about the company’s COVID-19 relief efforts, visit https://www.phillips66.com/covid19response.

About Phillips 66

Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,500 employees committed to safety and operating excellence. Phillips 66 had $54 billion of assets as of Sept. 30, 2020. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.


Contacts

Hillary Bruton (media)
855-841-2368
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LONDON--(BUSINESS WIRE)--BizVibe is continuing to expand the number of companies which can be discovered and tracked within their oil and gas extraction category offering. Users can browse unlimited company profiles, allowing them to discover 3,000+ oil and gas extraction companies, spanning across 50+ countries, which are categorized into 10+ product and services. Discover Companies for Free



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Contacts

BizVibe
Jesse Maida
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+1 855-897-5880
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  • The new Pinnacle Dos Picos Gathering System is supported by a substantial long-term acreage dedication from DoublePoint Energy, LLC.
  • Dos Picos is designed to support the high-volume drilling and completion techniques associated with modern multiwell pads, with capacity and capabilities that are easily expandable.

HOUSTON--(BUSINESS WIRE)--#midstream--Pinnacle Midstream II, LLC (“Pinnacle”) announced today that the company has entered into a 15-year gas gathering, processing and purchase agreement with DoublePoint Energy, LLC (“DoublePoint”), pursuant to which DoublePoint agreed to dedicate certain of its leasehold acreage related to natural gas production to Pinnacle. The agreement anchors Pinnacle’s greenfield build of a new natural gas gathering and compression system in the Midland Basin. The Pinnacle Dos Picos Gathering System is expected to come into service in the second quarter of 2021 and supports the extensive multiwell pad development taking place in the Midland Basin, one of the most prolific production areas in North America.


Initially the Pinnacle Dos Picos Gathering System will service Midland, Martin and Glasscock counties. Future expansions are planned as producer activity continues to increase. The Pinnacle Dos Picos Gathering System will give producers access to the industry’s newest gathering and compression engineering technologies that are designed to accommodate the high volumes associated with multiwell pad development and centralized drilling campaigns.

“We are extremely excited to have the opportunity to team up with DoublePoint, one of the region’s premier and most active producers,” said Pinnacle Midstream II CEO J. Greg Sargent. “DoublePoint has some of the best and proven acreage in the basin. We believe the Pinnacle Dos Picos System’s strategic location will be a game changer for DoublePoint and many other producers operating in the Midland Basin.”

The Pinnacle Dos Picos Gathering System was designed with expansion in mind. The system is engineered for top-of-class runtime that will handle the increasing volumes of hydrocarbons the region’s extensive existing and undeveloped formations are expected to generate.

Pinnacle has ready access to the capital required to align the gathering and compression infrastructure in the basin with the demands of producers that are continuously developing multiple benches. Pinnacle is engaged in discussions with other producers regarding additional dedications and services.

Pinnacle Midstream II, LLC is backed by growth capital from management and Energy Spectrum Capital. “We are very excited about Pinnacle’s Dos Picos System,” said Energy Spectrum Partner Mike Mayon. “The Pinnacle team’s proven ability to plan and execute on midstream infrastructure projects that anticipate their customers’ critical needs is second to none in the industry. We are very happy to be a proud partner in Pinnacle’s ongoing successes.”

Pinnacle Dos Picos System Details
The initial system will consist of more than 50 miles of primarily 16-inch low- and high-pressure gas gathering mainlines, compression facilities and access to multiple in-basin gas processing options providing producer optionality to deliver product to multiple markets. The system will allow for rapid expansion with the addition of further gathering and compression facilities as necessary.

Advisors
Kirkland & Ellis LLP served as legal counsel to Pinnacle, and DoublePoint was represented by Thompson & Knight LLP.

About Pinnacle Midstream II, LLC
Pinnacle Midstream II, LLC is an independent midstream energy company headquartered in Houston, Texas. The company is a leader in natural gas services throughout the Midland Basin. Pinnacle is supported by a significant equity commitment from Energy Spectrum Partners VIII LP and Pinnacle management. For more information, please visit www.pinnaclemidstream.com.

About Energy Spectrum Capital
Founded in 1995, Energy Spectrum Capital is a Dallas, Texas-based venture capital firm that makes direct investments in well-managed, lower-middle-market companies that acquire, develop and operate energy infrastructure assets in North America. Since inception, Energy Spectrum has raised more than $4.5 billion of equity capital across eight funds. For more information, please visit www.energyspectrum.com.

About DoublePoint Energy, LLC
DoublePoint, headquartered in Fort Worth, Texas, is led by the Double Eagle management team. The team has a long commercial track record and is well established as a premier operator in the Permian Basin. DoublePoint currently holds more than 95,000 net acres in the core of the Midland Basin.


Contacts

PINNACLE MEDIA CONTACT:
Drew Ward
Chief Commercial Officer
713-751-2352
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DOUBLEPOINT MEDIA CONTACT:
Patrick Leach
Corporate Development
817-840-5482
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Advanced Grid Planning Tool Lays Out a Roadmap for How to Most Cost Effectively Transition to a Clean Grid by 2050

BOULDER, Colo.--(BUSINESS WIRE)--The full technical report of the recent advanced grid study “Why Local Solar for All Costs Less: A New Roadmap for the Lowest Cost Grid” fills in the details of how and why distributed solar and storage assists lower-cost pathways to a clean electricity grid. It shows that when including co-optimization of the distribution interface, the local solar and storage supports the development of cleaner electricity on the utility grid and lower costs for all customers.



The savings for a clean electricity grid are in excess of $473 billion (not including any indirect benefits). The “augmented” version (with distribution co-optimization) for clean electricity is over $88 billion lower cost than business as usual (without distribution co-optimization). In the augmented clean electricity scenario, the model developed 247 GW of distributed solar, 160 GW of distributed storage, and 20 GW of demand-side management, while deploying 800GW of utility-scale wind, 800 GW of utility-scale solar, and 192 GW of utility-scale electric storage. The buildout of utility-scale wind and solar is increased by co-optimizing the distribution infrastructure.

The half-a-trillion dollars in savings emerges from the distribution demand (observed from the utility grid) becoming more flexible. The flexibility unlocks the distribution demand enabling it to shift to varying supply rather than being fixed and almost entirely relying on supply conforming to demand. This new found flexibility reduces spending in the distribution grid for peak consumption from the utility grid, facilitates more variable renewables (VRE) on the utility grid (reducing redundant excess utility-grid capacity), and eases the morning and evening transitions where VRE output and demand are at their more disparate.

The study relied on a state-of-the art grid planning tool developed by Vibrant Clean Energy. The tool - called WIS:dom®-P and developed by Dr. Christopher T M Clack – analyzes trillions of data points including every potential energy resource and the direct costs and benefits associated with bringing the most cost-effective resource mix to the electric grid. The model was recently updated to take into account, and enhance the delivery of, local solar and storage generation located closer to customers on the distribution side of the grid.

The main takeaways from the advanced modeling show:

  • A clean electric grid that leverages expanded local solar and storage is $88 billion less expensive than a grid that does nothing different than we’re doing today (no clean electricity mandates and not leveraging expanded local solar and storage). This proves that moving to clean electricity targets can save the country money versus the status quo.
  • Under a national 95% clean electricity target, leveraging expanded local solar and storage can save the U.S. $473 billion by 2050 compared to a clean electricity grid that doesn’t expand local solar and storage.
  • More local solar and storage unlocks the potential of utility-scale solar and wind. The lowest cost grid requires a lot more utility-scale solar. In fact, retiring fossil-fueled power plants that run infrequently and deploying local storage more efficiently will help integrate 798 GW of utility-scale solar and 802 GW of utility-scale wind by 2050.
  • Scaling local solar and storage results in over 2 million local jobs by 2050. The cost analysis accounted for direct costs and benefits only, but local solar and storage brings additional societal benefits to communities such as jobs, increased economic development, increased resilience, and more equitable access to the benefits of renewables.

“This study indicates that the current practice of ignoring (or assuming) distributed-scale resources in utility plans will result in higher costs for customers, higher GHG emissions, and lower job prospects for the industry compared with coordinated planning,” said Dr. Christopher T M Clack, founder and CEO of Vibrant Clean Energy. “Furthermore, the modeling tools required to provide insight for all stakeholders should include computations that resolve the distribution resources at some granularity to perform analysis on the co-benefits."

------------------------------------------------------------------------------------------------------------------------------------------

About Vibrant Clean Energy: A nationally recognized energy grid modeling firm based in Boulder, Colorado. VCE® creates computer optimization software to study pathways for energy systems futures. It also performs studies using WIS:dom® to provide expertise in new arenas of electrification, decarbonization and variable resources. The mission of VCE is to help facilitate universal, sustainable, and cheap energy for everyone. www.VibrantCleanEnergy.com

This executive summary of the report can be downloaded:
https://www.vibrantcleanenergy.com/wp-content/uploads/2020/12/WhyDERs_ES_Final.pdf

The full technical study report can be downloaded:
https://www.vibrantcleanenergy.com/wp-content/uploads/2020/12/WhyDERs_TR_Final.pdf

The accompanying result summary slide show can be downloaded:
https://www.vibrantcleanenergy.com/wp-content/uploads/2020/12/LocalSolarRoadmap_FINAL.pdf

The WIS:dom®-P model output national capacities spreadsheet can be downloaded:
https://www.vibrantcleanenergy.com/wp-content/uploads/2020/12/Summary-Capacities_Nov2020.xlsx.zip


Contacts

Sarah McKee (DOO Vibrant Clean Energy LLC), This email address is being protected from spambots. You need JavaScript enabled to view it.

Encamp brings home the Gold Award as Most Innovative Company of the Year – Small (1-99 employees), plus the Silver Award for Best New Product of the Year – SMB

INDIANAPOLIS--(BUSINESS WIRE)--Encamp, which offers a first-of-its-kind Software as a Service (SaaS) application and platform to automate environmental reporting, has been named a winner in two categories of the Best in Biz Awards for 2020. Both categories are in the awards competition’s North America program:


  • Gold – Most Innovative Company of the Year – Small (1-99 employees)
  • Silver – Best New Product of the Year – SMB

Since 2011, Best in Biz Awards have been the only annual business awards judged by independent panels of writers and editors from publications covering various business markets and geographic regions. Along with its North America Awards segment for companies in the U.S. and Canada, Best in Biz Awards extends an International program to companies around the world. 2020 marks the 10th annual Best in Biz Awards competition.

To serve as judges, Best in Biz Awards invites writers, journalists, and contributors to business, technology, consumer, financial, and trade publications. Judges are also invited from broadcast outlets and analyst firms. To date, judges have come from the Associated Press, the Wall Street Journal, Forbes, Businessweek, CNET, Fortune, Consumer Affairs, and PC Magazine, among many publications. For 2020, the panel of judges includes members from Barron’s, USA today, ConsumerAffairs.com, LabReviews.com, Wired, and other well-known media outlets.

“In this wild year (of 2020), it’s amazing to see companies still innovating, adapting, and thriving,” said Christopher Null, who covers business and technology topics for Wired. Null has judged seven of the Best in Biz Awards programs thus far. “There’s so much in the business world that is inspirational right now.”

A growing list of honors

For Encamp, the Best in Biz Awards adds to its growing list of recent honors. Earlier this year, the company was recognized as the top SaaS Newcomer for 2020 by the prestigious Awarding & Consultancy International, which also chose Encamp as the 2020 Best SaaS for Agriculture and Farming. In 2019, TechPoint (a statewide growth accelerator for Indiana’s tech ecosystem) selected Encamp as Startup of the Year, while Occupational Health & Safety (ohsonline.com) voted Encamp as its 2019 New Product of the Year.

“We’re always thankful to be recognized for our hard work and accomplishments,” said Luke Jacobs, co-founder and CEO of Encamp. “When we started Encamp, we wanted to improve how businesses work to meet environmental compliance requirements, and by extension, help them make their local communities safer, cleaner places to live. Now to be considered innovative and have our technology judged as best-in-class, it drives us to do even more to protect the environment by way of our software.”

Today, nearly 200 companies throughout the U.S. use Encamp to simplify how they manage compliance data, prepare reports for the Emergency Planning and Community Right-to-Know Act (EPCRA), and submit EPCRA as well Tier II compliance reports for hazardous chemicals.

This has made Encamp the largest third-party filer of EPCRA Tier II reports in the country.

About Encamp

Encamp was founded in 2017 and introduced the only SaaS-based end-to-end software platform and application for environmental compliance reporting. Businesses governed by Environmental Health and Safety (EHS) regulations use Encamp to understand regulatory applicability for every facility they operate and determine required compliance actions at each location. Encamp helps them meet the compliance requirements for all 50 states.

These businesses further integrate compliance data and manage documents, reporting tasks and submission deadlines from the single modern Encamp platform. This way, they streamline the reporting process to save people hours, ensure reporting accuracy, submit compliance reports on time, and avoid potentially exorbitant fines for non-compliance.

Learn more about Encamp at www.encamp.com.


Contacts

Encamp
Jessica Engel, Director of Marketing
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Semi-annual Payments are 5.5 percent Higher Than One Year Ago

SAN FRANCISCO--(BUSINESS WIRE)--For the second half of 2020, Pacific Gas and Electric Company (PG&E) paid property taxes of over $268 million to the 50 counties where it owns properties that support gas and electric service to 16 million Californians.

“Property tax payments are one of the important ways PG&E helps drive local economies and supports essential public services like education and public safety. This year’s payments reflect the substantial local investments we continue to make in our gas and electric infrastructure to create a safer and more reliable system and to better mitigate against wildfires,” said David Thomason, Vice President, Controller and Chief Financial Officer for PG&E.

PG&E’s payments of more than $268 million covers the period from July 1 to December 31, 2020. Total payments for the tax year of July 1, 2020, to, June 30, 2021, are more than $537 million — an increase of nearly $28 million, or 5.5 percent, compared with the prior tax year.

The increase in property tax payments reflect PG&E’s continuing investments to enhance and upgrade its gas and electrical infrastructure for safety, reliability and wildfire mitigation across Northern and Central California.

PG&E supports the communities it serves in a variety of ways. Last year, PG&E provided $17.5 million in community grants and investments to enhance local educational opportunities, preserve the environment, and support economic vitality and emergency preparedness. PG&E employees provide volunteer service in their local communities. The company also offers a broad spectrum of economic development services to help local businesses grow.

PG&E’s First Installment of Property Taxes Paid on December 10, 2020

  • Alameda — $32,404,709
  • Alpine — $80,538
  • Amador — $1,108,032
  • Butte — $ 5,667,359
  • Calaveras — $ 1,191,644
  • Colusa — $ 4,137,638
  • Contra Costa — $ 21,497,366
  • El Dorado — $ 1,740,390
  • Fresno — $ 18,276,652
  • Glenn — $ 1,002,342
  • Humboldt — $ 4,106,763
  • Kern — $ 9,771,985
  • Kings — $ 1,706,582
  • Lake — $ 961,632
  • Lassen — $ 51,276
  • Madera — $ 2,510,612
  • Marin — $ 4,750,923
  • Mariposa — $ 318,727
  • Mendocino — $ 1,824,242
  • Merced — $ 3,967,492
  • Modoc — $ 214,875
  • Monterey — $ 4,022,424
  • Napa — $ 3,369,198
  • Nevada — $ 1,357,769
  • Placer — $ 6,606,295
  • Plumas — $ 2,565,430
  • Sacramento — $ 7,024,199
  • San Benito — $ 877,418
  • San Bernardino — $ 1,450,867
  • San Diego — $ 6,446
  • San Francisco — $ 14,835,825
  • San Joaquin — $ 13,167,723
  • San Luis Obispo — $ 10,392,451
  • San Mateo — $ 15,317,959
  • Santa Barbara — $ 1,180,653
  • Santa Clara — $ 33,320,405
  • Santa Cruz — $ 2,016,295
  • Shasta — $ 6,227,812
  • Sierra — $ 124,531
  • Siskiyou — $ 100,917
  • Solano — $ 6,654,033
  • Sonoma — $ 8,764,068
  • Stanislaus — $ 2,904,283
  • Sutter — $ 1,415,569
  • Tehama — $ 1,551,202
  • Trinity — $ 181,612
  • Tulare — $ 610,699
  • Tuolumne — $ 910,615
  • Yolo — $ 2,917,664
  • Yuba — $ 1,474,638

Total payments -- $268,640,779

About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.


Contacts

MEDIA RELATIONS:
415-973-5930

Free over-the-air firmware upgrade for G7c cloud-connected wearables includes proactive Bluetooth-based close contact detection with improved industrial contact tracing


CALGARY, Alberta--(BUSINESS WIRE)--#connectedsafety--Blackline Safety Corp. (TSX.V: BLN), a global leader of gas detection and connected safety solutions, has expanded the availability of its new G7 close contact detection firmware to North American and international markets. Previously launched in October across Europe, this new firmware makes Blackline’s G7c the industry’s first and only cloud-connected gas monitor to integrate close contact detection, a feature that provides users with a real-time notification when they enter into close proximity with other G7c users.

As industrial businesses continue to face stringent safety regulations and social distancing guidelines due to the global COVID-19 pandemic, the new close contact detection feature helps G7c users be mindful of their proximity with colleagues to support social distancing regulations. Using Bluetooth technology to determine the distance between personnel, G7c wearables notify users of close proximity after 10 seconds of continued close contact using flashing yellow lights, vibration and a simple on-screen message.

“With increased emphasis on preventing the spread of the virus and containing exposures, businesses are reviewing their policies and the need to maintain physical separation from others,” said Sean Stinson, CRO at Blackline Safety. “Through the latest in wearable cloud-connected technology, G7c offers the tools that teams need to mitigate COVID-19 risks among their workforce while keeping the business moving forward sustainably. Combined with our cloud-hosted Close Contact Report, close contact detection and notification supports proactive social distancing programs. Plus, should a worker test positive or become symptomatic, businesses have the ability to trace potential points of close contact among team members.”

Proactive social distancing notification to G7c users

New G7c close contact detection firmware provides users with a short-duration notification when working within proximity of one or more co-workers. With a press of a button, users can continue working without further notification or distraction. Should another employee come into close contact, a new proactive notification will announce the close contact to the group of users. Designed with a short detection delay, close contact notifications and unnecessary distractions are avoided when employees pass by each other as they move throughout a facility.

Businesses can request that G7c close contact detection to be turned on for all G7c users in their Blackline Live account or for specific groups of users, based on policy, risk levels and the likelihood of potential close interaction with co-workers.

Industrial contact tracing

In addition to notifying G7 users of close social contact, this new device firmware also streams Bluetooth-based close contact data to the Blackline Cloud, powering an improved Blackline Analytics Close Contact Report. Combined an interactive device History View Report, these enhanced tools help businesses retrace a G7 user’s steps should they present with symptoms or test positive for COVID-19. Should this occur, businesses can identify locations where employees came into close proximity and with whom an individual may have interacted with, over a configurable period of time.

Blackline’s portfolio of contact tracing and close contact notification tools comply with rigorous privacy regulations and will be available to all Blackline clients at no additional cost. Firmware installation occurs automatically and wirelessly, over-the-air. Blackline customers who are interested in enabling close contact detection for their employees are welcomed to contact Blackline’s Client Success team at This email address is being protected from spambots. You need JavaScript enabled to view it..

To learn more about the new close contact detection function and Blackline’s existing contact tracing solutions, visit www.blacklinesafety.com/contact-tracing.

About Blackline Safety: Blackline Safety is a global connected safety leader that helps to ensure every worker gets their job done and returns home safe each day. Blackline provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of men and women, having reported over 100 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, we ensure that help is never too far away. For more information, visit www.BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Contacts

INVESTOR/ANALYST:
Cody Slater, CEO
This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: +1 403 451 0327

MEDIA:
Heather Houston
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Telephone: +1 904 398 5222
Cell phone: +1 386 216 9472

WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) (“TA”) today announced the closing of a new $200 million senior secured term loan facility (“Term Loan”). Terms of the new loan include interest payable at LIBOR, with a floor of 100 basis points, plus 600 basis points and a seven-year maturity. The loan will amortize in equal quarterly installments in aggregate annual amounts equal to 1.00% of the original principal amount, with the balance payable on the final maturity date. The loan is prepayable after two years at par and is secured by a pledge of all the equity interests of substantially all of TA’s wholly owned subsidiaries and a pledge of substantially all of TA’s other assets and the assets of such wholly-owned subsidiaries. TA expects to use the net proceeds from the Term Loan for general business purposes, including funding of deferred capital expenditures, updates to key IT infrastructure, and growth initiatives consistent with its Transformation Plan.


As we look ahead to 2021, we have the people, the plan, the processes and now the liquidity to advance our transformation playbook to help this great company begin to achieve its potential. This term loan provides for these opportunities, which we will carry out with caution and care while we continue to manage through an uncertain pace of recovery from the pandemic that lies ahead,” said Jonathan M. Pertchik, TA’s Chief Executive Officer. "By closing this new loan, we have further strengthened our balance sheet and given ourselves increased flexibility in a dynamic capital environment. TA is well-positioned to address remedial site-level maintenance and much-needed IT upgrades, as well as fund our growth initiatives."

Citigroup Global Markets Inc., BofA Securities, Inc., PNC Capital Markets, LLC, U.S. Bank National Association and Wells Fargo Securities, LLC served as Joint Lead Arrangers for the Term Loan.

About TravelCenters of America Inc.
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its nearly 20,000 employees serve customers in over 270 locations in 44 states and Canada, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, convenience stores, full-service and quick-service restaurants, car and truck parking and other services and amenities dedicated to providing great experiences for professional drivers and the general motoring public. TravelCenters of America operates nearly 650 full-service and quick-service restaurants and 10 proprietary brands, including Quaker Steak and Lube®, Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.

Warning Regarding Forward Looking Statements

This press release contains forward looking statements within the meaning of the private securities litigation reform act of 1995 and other securities laws. These forward looking statements are based upon TA's present beliefs and expectations, but these statements are not guaranteed. For example:

  • This press release states that TA intends to use the net proceeds from the offering for general business purposes, including funding deferred capital expenditures and updates to key IT infrastructure. However, the proceeds may be used for other purposes.
  • Statements about transformational initiatives and implementation of transitional plans may imply that these changes and developments will result in improvements to TA's business, operations and financial results. However, these changes may not be successful or sustainable. Further, even if they are successful and sustainable, other factors and risks may result in TA not achieving the benefits that it expects.
  • Statements about TA’s balance sheet and liquidity may imply that TA has sufficient financial resources to fund operations for the foreseeable future, make new capital expenditures and invest in other growth initiatives. However, TA’s business is subject to various risks and uncertainties, many of which are outside TA’s control. For example, the COVID-19 pandemic has significantly negatively impacted the U.S. economy; if the current economic conditions continue for a sustained period or worsen, TA’s business, results of operations and financial condition may be materially adversely impacted. These and other risks and uncertainties may result in TA not having sufficient financial resources to fund operations, make capital expenditures or invest in growth initiatives for the foreseeable future.

For these reasons, among others, investors are cautioned not to place undue reliance upon forward looking statements. Except as required by law, TA does not intend to update or change any forward-looking statement as a result of new information, future events or otherwise.


Contacts

Kristin Brown
TravelCenters of America
617-796-8251
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