Annual Green Region Program supports pollinator and other sustainability projects with nearly $200,000 in funding
CHICAGO--(BUSINESS WIRE)--To support habitats and other open-space projects throughout northern Illinois, ComEd and Openlands today announced grants to 26 public agencies through the annual ComEd Green Region Program. Grantees each receive a one-time grant of up to $10,000 to support and improve open-space projects. To address the recent decline in pollinators in our service area, many of this year’s projects focus on enhancing pollinator habitats and protecting species, such as butterflies, bees, and others. Illinois is home to thousands of native pollinator species, which provide critical support to our region's flowering and food plant populations.
Since the inception of the Green Region Program in 2013, ComEd has awarded a total of more than $1.5 million to municipalities across northern Illinois. This support has helped fund nearly 200 open-space projects, as well as restore and protect approximately 1,000 acres of land. ComEd provides the funding for the Green Region Program and Openlands, one of the oldest metropolitan conservation organizations in the nation, administers the grants to local communities.
“Every year, the Green Region Program reminds us of the power of investment in local environmental projects to provide customers and communities with their own, unique green spaces,” said Melissa Washington, senior vice president of governmental and external affairs at ComEd. “With each grant, ComEd, alongside Openlands, helps ensure the enhancement of green space and biodiversity, while creating a lasting impact in the communities we’re so privileged to serve.”
“Over the past seven years we’ve seen the incredible impact the ComEd Green Region Program has made in communities across northern Illinois,” said Jerry Adelmann, Openlands’ President and CEO. “Now more than ever we know how vital open natural areas are for our health and well-being. Through the leadership and cooperation of ComEd, we’ve supported the creation and sustainability of 189 sites, and protected and restored more than 1,000 acres for residents to enjoy. We extend our gratitude to ComEd and thank the many partners who have implemented these projects across the region.”
Additional information on the ComEd Green Region Program can be found at Openlands.org/GreenRegion.
The 26 ComEd Green Region Program grant recipients for 2020 are:
Rusty Patched Bumble Bee Habitat Recovery and Community Outreach Program (Kendall County Forest Preserve District): This project will build on efforts to enhance the pollinator habitat within the population's high-probability zone for occurrence at Hoover and Fox River Bluffs Forest Preserves. Kendall County's only documented local population of the federally endangered Rusty Patched Bumble Bee (Bombus affinis) is located within these two forest preserves areas.
Tuscany Woods Pollinator Meadow (Hampshire Township Park District): This project will establish the first natural area as a pollinator meadow at the park at Tuscany Woods to create a native habitat in a developing community and provide public education on the importance of pollinator species.
Pearl City Prairie Project (Village of Pearl City): This project will help with the development of native prairie plantings with walking paths for a vacant property on Main Street. The native prairie will establish pollinator habitats where none existed before. The project will also include a parking area and a walking bridge.
Heritage Knolls Naturalization Project (Frankfort Park District): This project will help naturalize a 3/4-acre area along an existing trail. This area is currently mowed turf and a swale area for water runoff from the adjacent neighborhood.
Farming with Pollinators: A Growing for Kane Project (Kane County): This project will help create a plan to illustrate how farm and farm-adjacent properties can best include pollinator conservation space and practices. It will also inform farm policies and practices in Kane County and the surrounding region.
Pollinator Park at Hillcrest Lake in Prospect Heights (City of Prospect Heights): This project will replace a three-acre site surrounding Hillcrest Lake with a native pollinator park by creating riparian buffers, rich in biodiversity that incorporates a trail network and interpretative signage. Currently, the site suffers from localized flooding and shoreline erosion, which leaves the area with little ecological and recreational value.
Gray Willows Farm Pollinator Habitat Improvement (Campton Township Parks): This project will support an ongoing effort to restore new habitat and enhance restored areas at Gray Willows Farm with essential native plants and seeds.
Pollinator Project at Neville Park (Foss Park District): This project will establish a portion of one of the parks as a pollinator habitat for beneficial insects. This includes installing signage to educate the public on pollinators and pollinator conservation.
2020 Native Habitats (Kishwaukee Water Reclamation District): This project will convert 22.5 acres of mowed turf grass to native habitat at Hopkins Park and Rotary Park in DeKalb County. The native habitats will provide habitat for pollinators, as well as other wildlife, and to educate the public on the importance of pollinator conservation.
DuPage County Turf to Meadow Demonstration Project (DuPage County Stormwater Management): This project will convert 3/4 acres of turf into a native meadow in a high-profile location on its campus in Wheaton, Ill. In addition to supporting pollinators, this demonstration project will educate the campus’ more than one million annual visitors on alternative options to traditional turf grass.
Maryknoll - Interpretive Pollinator Garden and Turf to Pollinator Prairie (Glen Ellyn Park District): This project will support two key locations at Maryknoll Park being planned for pollinator enhancements. A garden at the entry will be enhanced and expanded with pollinator container plants. Turf in the park will be converted to a pollinator prairie.
Beautify the Crossroads of the Midwest (Village of Dolton): This project will help beautify the Crossroads of the Midwest, currently a dilapidated parcel of land in Dolton, by pollinating the land with planting flowers, bushes and trees.
Native Restoration of Tower Lakes Nature Preserve (Village of Tower Lakes): This project will help restore the 17-acre Tower Lakes Nature Preserve, which includes oak groves, prairie and wetlands, by eliminating invasive trees and brush and seeding native plants to encourage pollinators and create education opportunities for residents.
Pollinator Meadows Across Kane County (Forest Preserve District of Kane County): This project will help turn 22 acres of formerly mowed turf, spread out across five preserves, into pollinator habitat. This effort will aid in the creation of natural corridors and promote pollinator awareness and education.
Northbrook Park District Prescribed Burn & Community Outreach Program (Village of Northbrook): This project involves completing prescribed burns of native landscaping to improve the vitality of the native landscapes and wildlife. It will also help develop educational programming and materials on native landscape care and connect with the park district’s existing programs.
Village Butterfly Gardens (Village of La Grange Park): This project will help construct multiple butterfly gardens within the La Grange Park village limits. It will also utilize village-owned green spaces to enhance awareness and education about pollinators and help beautify existing green spaces.
Lake Carroll Water Conservation and Pollinator Habitat Initiative (Lake Carroll Association): This project will provide water quality improvements using native vegetation. This is a highly visible public space that will bring awareness of the need of pollinator plants for overall environmental health to many visitors annually.
Bartlett Creek Restoration Project (Village of Bartlett): This project will help remove invasive weeds along the Bartlett Creek and replant the area with pollinators to promote pollinating species and creek stabilization.
Village of Deer Park Butterfly Garden (Village of Deer Park): This project will help enhance the Butterfly Garden at Vehe Farm Park for residents and visitors.
Village Hall Rain Garden and Bee Habitat (Village of Port Barrington): This project will create a rain garden, vegetative swale and butterfly/bee habitats to educate the public about the importance of conservation with aesthetic benefits.
Urban Pollinator Conservation (City of Waukegan): This project will establish multiple native pollinator gardens, including along a block of Sheridan Road, a trail by the lakefront and at the “Welcome to Waukegan” signs. Interpretive signage will be installed to explain the importance and significance of urban pollinator conservation.
Everts Park Rain Garden and Native Wildflower Plantings (City of Highwood): This project will help renovate Everts Park with pollinator-attracting wildflowers, shrubs turned into planting beds, and a rain garden. The planting beds will attract bees, butterflies and other pollinators. Educational signage describing the plantings and gardening methods is also planned to encourage region-wide implementation.
Ben Miller Park Improvements (Village of German Valley): Through a volunteer initiative, this project will update an aging park with a new playground and memorial butterfly garden. So far, project volunteers have raised more than $70,000 to provide residents with a much-needed outdoor experience.
Whippoorwill Park Pollinator Gardens (Village of Mettawa): This project will enhance Whippoorwill Park, one of the most visited and easily accessible Mettawa parks, with pollinator gardens.
Edgewater Drive Rain Garden (City of Crystal Lake): This project will convert a parcel of city-owned property into a rain garden using native vegetation.
The Triangle Pollinator Habitat (City of Hickory Hills): This project will transform an unused area of turf grass into an established pollinator habitat. The habitat will support native pollinator species, educational signage and a public passive recreational area.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 100 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.
Founded in 1963, Openlands is one of the nation’s oldest and most successful metropolitan conservation organizations, having helped secure, protect, and provide public access to more than 55,000 acres of land for parks, forest preserves, wildlife refuges, land and water greenway corridors, and urban gardens. For more information, please visit openlands.org.
ComEd Media Relations
312-394-3500
SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (“Southwestern Energy”) (NYSE: SWN) today announced the completion of its previously announced underwritten public offering of 63,250,000 shares of its common stock at a price of $2.50 per share, following the exercise in full of the underwriters’ option to purchase an additional 8,250,000 shares, with net proceeds from the offering to the company totaling approximately $152 million after underwriting discounts and offering expenses.
Southwestern Energy intends to use the net proceeds from the offering to partially redeem Montage Resource Corporation’s (“Montage”) issued and outstanding senior notes that Southwestern Energy will assume upon the closing of its recently announced merger with Montage (the “Merger”). If the Merger is not consummated, Southwestern Energy intends to use the net proceeds for general corporate purposes, including the repayment of debt.
Citigroup, Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint book-running managers for the offering. BofA Securities, BMO Capital Markets, RBC Capital Markets and Wells Fargo Securities are also serving as joint book-running managers for the offering.
The offering was made under an effective automatic shelf registration statement on Form S-3 (Registration No. 333-238633) filed by Southwestern Energy with the Securities and Exchange Commission (“SEC”) and only by means of a prospectus supplement and accompanying base prospectus. Prospective investors should read the prospectus supplement and the accompanying base prospectus included in the registration statement and other documents Southwestern Energy has filed with the SEC for more complete information about Southwestern Energy and the offering. These documents are available at no charge by visiting EDGAR on the SEC website at http://www.sec.gov.
Alternatively, a copy of the prospectus supplement and accompanying base prospectus relating to these securities may be obtained, when available, from:
Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 800-831-9146
Goldman Sachs & Co. LLC
Attention: Prospectus Department
200 West Street
New York, NY 10282
Telephone: 866-471-2526
Facsimile: 212-902-9316
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
Attention: Prospectus Department
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 866-803-9204
This news release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Southwestern Energy
Southwestern Energy Company is an independent energy company engaged in natural gas, natural gas liquids and oil exploration, development, production and marketing.
Forward Looking Statements
This news release contains forward-looking statements. Forward-looking statements relate to future events, including, but not limited to, anticipated results of operations, business strategies, other aspects of Southwestern Energy’s operations or operating results, the proposed offering, the use of proceeds of the offering and the consummation of the Merger. In many cases you can identify forward-looking statements by terminology such as words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “predict,” “budget,” “should,” “would,” “could,” “attempt,” “appears,” “forecast,” “outlook,” “estimate,” “continue,” “project,” “projection,” “goal,” “model,” “target,” “potential,” “may,” “will,” “objective,” “guidance,” “outlook,” “effort,” “are likely” and other similar expressions. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, there can be no assurance that such expectation or belief will result or be achieved. The actual results of operations can and will be affected by a variety of risks and other matters including, but not limited to, changes in commodity prices; changes in expected levels of natural gas and oil reserves or production; impact of reduced demand for our products and products made from them due to governmental and societal actions taken in response to the COVID-19 pandemic; operating hazards, drilling risks, unsuccessful exploratory activities; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; international monetary conditions; unexpected cost increases; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation; and general domestic and international economic and political conditions, including the impact of COVID-19; as well as changes in tax, environmental and other laws applicable to the company’s business. Other factors that could cause actual results to differ materially from those described in the forward-looking statements include other economic, business, competitive and/or regulatory factors affecting the company’s business generally as set forth in the company’s filings with the SEC. Unless legally required, Southwestern Energy Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Contacts
Brittany Raiford
Director, Investor Relations
(832) 796-7906
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Bernadette Butler
Investor Relations Advisor
(832) 796-6079
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--Strategic Senior Leadership Hires Will Support the Advancement of NRG’s Customer-Centric Strategy--
PRINCETON, N.J.--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE: NRG) today announced the appointment of two new members of senior management to the organization. Jeanne-Mey Sun, Ph.D., joins NRG as Vice President, Sustainability, and Dak Liyanearachchi joins NRG in the newly created role of Senior Vice President, Data and Analytics.
“As we redefine the role of power in the lives of our customers, it’s critical to add experienced voices to our management team who can support the advancement of our strategy,” said Mauricio Gutierrez, President and Chief Executive Officer. “With the acceleration in 2019 of our emissions-reduction goals and our increasing focus on the customer through data analytics, the appointment of Jeanne-Mey and Dak will help to drive our business forward.”
In her role as Vice President, Sustainability, Sun will continue the advancement of NRG’s leading sustainability strategy, including developing and implementing a range of approaches to achieve the Company’s previously announced carbon reduction targets of 50% by 2025 and net-zero by 2050, from a 2014 baseline. Sun will also facilitate a deeper understanding of sustainability standards and solutions for new and existing residential and commercial customers who are looking to reach their sustainable energy goals.
Sun joins NRG from Baker Hughes Company, where she most recently served as Executive of Energy Transition and Clean Energy Solutions and previously held leadership roles in Corporate Strategy, Growth, and Integration Planning. In her most recent role, Sun led the development and operationalization of Baker Hughes’ energy transition strategy, partnered with key stakeholders to jointly reduce the carbon footprint of the company and its customers, led an expansion into cleaner energy solutions, and wrote and began the execution of the organization’s commitment to achieve net-zero carbon emissions by 2050.
As Senior Vice President, Data and Analytics, reporting to Mauricio Gutierrez, NRG’s President and CEO, Liyanearachchi will help enhance NRG’s customer strategy by bringing the organization’s digital transformation to scale. Liyanearachchi will drive the expansion of the company’s data and analytics capabilities, moving the organization forward toward further interorganizational interconnection, customer personalization and service, and an analytics-supported strategy.
Liyanearachchi joins NRG from Hilton Worldwide, where he most recently served as Chief Data & Analytics Officer. In his previous role, Liyanearachchi drove further innovation in Hilton, building the organization’s Data Analytics Center of Excellence and a Data Lake, which expanded self-service reporting capabilities across the enterprise. Further, Liyanearachchi implemented data science and analytics-led initiatives focused on revenue management, marketing optimization, personalization, and forecasting. Prior to his time at Hilton, Dak was Chief Data & Analytics Officer at Catalina Marketing.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are subject to certain risks, uncertainties and assumptions and typically can be identified by the use of words such as “expect,” “estimate,” “should,” “anticipate,” “forecast,” “plan,” “guidance,” “outlook,” “believe” and similar terms. Although NRG believes that the expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially.
NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The foregoing review of factors that could cause NRG’s actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect NRG’s future results included in NRG’s filings with the SEC at www.sec.gov.
About NRG
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to more than 3.7 million residential, small business, and commercial and industrial customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, and by working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy, @nrginsight.
Investors:
Kevin L. Cole, CFA
609.524.4526
Media:
Candice Adams
609.455.3777
VISTA, Calif.--(BUSINESS WIRE)--$FLUX #NASDAQ--Flux Power Holdings, Inc. (“Flux Power”) (NASDAQ CM: FLUX), a developer of advanced lithium industrial batteries for commercial and industrial equipment, today announced the closing of an underwritten public offering of 3,099,250 shares of common stock priced at $4.00 per share for gross proceeds of approximately $12.4 million, which includes the full exercise of the underwriters’ over-allotment option to purchase additional shares, prior to deducting the underwriting discount and offering expenses payable by Flux Power.
Flux Power intends to use the net proceeds of the offering for working capital and general corporate purposes.
Roth Capital Partners and National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NASDAQ CM: NHLD), acted as the joint book-running managers for the offering.
The securities were offered pursuant to a registration statement on Form S-1 (File No. 333-231766), which was declared effective by the United States Securities and Exchange Commission on August 12, 2020.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Copies of the final prospectus will be filed with the SEC and, when available, electronic copies of the final prospectus may be obtained by contacting Roth Capital Partners, LLC, 888 San Clemente, Newport Beach, CA 92660, Attention: Prospectus Department, by at (800) 678-9147, or by accessing the SEC’s website, www.sec.gov.
About Flux Power Holdings, Inc. (www.fluxpower.com)
Flux Power designs, develops, manufactures, and sells advanced rechargeable lithium-ion energy storage solutions for lift trucks and other industrial equipment including airport ground support equipment (GSE), energy storage for solar applications, and industrial robotic applications. Flux Power’s LiFT Packs, including the proprietary battery management system (BMS), provide customers with a better performing, more environmentally friendly, and lower total cost alternative, in many instances, to traditional lead acid and propane-based solutions.
Flux, Flux Power and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.
Follow us at:
Blog: Flux Power Blog
News: Flux Power News
Twitter: @FLUXpwr
LinkedIn: Flux Power
Flux Power Media & Investor Relations:
Justin Forbes
877-505-3589
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Dubai–Israel Trading Opportunities
NEW YORK--(BUSINESS WIRE)--The Rapaport Group congratulates the governments of the United Arab Emirates (UAE) and Israel on the normalization of relations. Trade ties between the two countries are expected to improve with significant opportunity for the diamond and jewelry industry.
The Rapaport Group with offices in the Dubai Diamond Exchange and Israel Diamond Exchange for over fifteen years and hundreds of clients in both Dubai and Ramat Gan offers its services to help connect members of the Dubai and Israel diamond trade. We are able to assist with payment, shipping and quality control services. Companies seeking to develop trading relationships are encouraged to email This email address is being protected from spambots. You need JavaScript enabled to view it..
“The diamond industry is undergoing a period of great change, challenge and opportunity. The normalization of relations between Dubai and Ramat Gan sets the stage for improved trade and relationships between Jews and Arabs. It’s not just about diamonds, it’s about people getting to know each other and trust each other through business. We look forward to helping members of the diamond community build relationships that promote peace and prosperity," said Martin Rapaport, Chairman of the Rapaport Group.
About the Rapaport Group:
The Rapaport Group provides a broad range of international added-value services that support the development of ethical, transparent, competitive and efficient diamond and jewelry markets. Established in 1978, the Rapaport Price List is the primary source of diamond price and market information. Group activities include Rapaport Information and Research Services, Rapaport Magazine, and the Diamonds.Net portal; RapNet, the world’s largest diamond trading network; RapLab diamond grading services; and Rapaport Trading and Auction Services, specializing in recycled diamonds and jewelry. The Group supports over 20,000 clients in 121 countries and has offices in New York, Las Vegas, Antwerp, Ramat Gan, Mumbai, Surat and Hong Kong. Additional information is available at www.Rapaport.Com.
Media Contacts: This email address is being protected from spambots. You need JavaScript enabled to view it.
US: Sherri Hendricks +1-702-893-9400
Global: Avital Engelberg +1-718-521-4976
SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (“Southwestern Energy”) (NYSE: SWN) today announced the pricing of its public offering (the “Offering”) of $350 million aggregate principal amount of 8.375% senior notes due 2028 (the “Notes”). The Notes will be sold to the public at a price of 100% of their face value. The expected settlement date for the Offering is August 27, 2020, subject to the satisfaction of customary closing conditions.
Southwestern Energy expects to receive net proceeds from the Offering of approximately $345 million after deducting underwriting discounts and estimated offering expenses. Southwestern Energy intends to use the net proceeds from the Offering, together with the net proceeds received from its recent common stock offering and borrowings under its credit agreement, to fund a redemption of Montage Resource Corporation’s (“Montage”) issued and outstanding Senior Notes (the “Montage Notes”) that it will assume upon the closing of its recently announced merger with Montage (the “Merger”).
Citigroup, BofA Securities and Wells Fargo Securities are acting as representatives of the underwriters and joint book-running managers for the Offering. The Offering is being made under an effective automatic shelf registration statement on Form S-3, as amended (Registration No. 333-238633), filed by Southwestern Energy with the Securities and Exchange Commission (“SEC”) and only by means of a prospectus supplement and accompanying base prospectus. A preliminary prospectus supplement has been filed with the SEC to which this communication relates. Prospective investors should read the preliminary prospectus supplement and the accompanying base prospectus included in the registration statement and other documents Southwestern Energy has filed with the SEC for more complete information about Southwestern Energy and the Offering. These documents are available at no charge by visiting EDGAR on the SEC website at http://www.sec.gov.
Alternatively, a copy of the base prospectus and the preliminary prospectus supplement may be obtained, when available, from:
Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 800-831-9146
BofA Securities
NC1-004-03-43
200 North College Street, 3rd floor
Charlotte NC 28255-0001
Attention: Prospectus Department
Telephone: 1‐800‐294‐1322
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Wells Fargo Securities
550 S. Tryon Street, 5th Floor
Charlotte, NC 28202
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Fax: (704) 410-4874 (with such fax to be confirmed by telephone to (704) 410-4885)
Attention: Leveraged Syndicate
This news release shall not constitute an offer to sell or the solicitation of an offer to buy these securities or the Montage Notes, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Southwestern Energy
Southwestern Energy Company is an independent energy company engaged in natural gas, natural gas liquids and oil exploration, development, production and marketing.
Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements relate to future events, including, but not limited to, anticipated results of operations, business strategies, other aspects of Southwestern Energy’s operations or operating results, the proposed offering, the use of proceeds of the offering and the consummation of the Merger. In many cases you can identify forward-looking statements by terminology such as the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “predict,” “budget,” “should,” “would,” “could,” “attempt,” “appears,” “forecast,” “outlook,” “estimate,” “continue,” “project,” “projection,” “goal,” “model,” “target,” “potential,” “may,” “will,” “objective,” “guidance,” “outlook,” “effort,” “are likely” and other similar expressions. Where, in any forward-looking statement, Southwestern Energy expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, there can be no assurance that such expectation or belief will result or be achieved. The actual results of operations can and will be affected by a variety of risks and other matters including, but not limited to, changes in commodity prices; changes in expected levels of natural gas and oil reserves or production; impact of reduced demand for our products and products made from them due to governmental and societal actions taken in response to the COVID-19 pandemic; operating hazards, drilling risks, unsuccessful exploratory activities; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; international monetary conditions; unexpected cost increases; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation; and general domestic and international economic and political conditions, including the impact of COVID-19; as well as changes in tax, environmental and other laws applicable to Southwestern Energy’s business. Other factors that could cause actual results to differ materially from those described in the forward-looking statements include other economic, business, competitive and/or regulatory factors affecting Southwestern Energy’s business generally as set forth in Southwestern Energy’s filings with the SEC. Unless legally required, Southwestern Energy Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Brittany Raiford
Director, Investor Relations
(832) 796-7906
This email address is being protected from spambots. You need JavaScript enabled to view it.
Bernadette Butler
Investor Relations Advisor
(832) 796-6079
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SAN DIEGO--(BUSINESS WIRE)--BAE Systems has received a $103.5 million contract from the U.S. Navy for the maintenance and modernization of the Arleigh Burke-class guided-missile destroyer USS Preble (DDG 88). The value of the competitively awarded contract could reach $117.7 million if all options are exercised.
Under the depot maintenance period (DMP) availability contract awarded, BAE Systems will dry-dock the ship, perform underwater hull preservation work, upgrade the ship’s Aegis combat system and its command and control equipment, and refurbish the living spaces for the ship’s 280 crewmembers. The work is expected to begin in October 2020 and be completed in February 2022.
“The depot maintenance availability BAE Systems will perform aboard USS Preble is complex and critical,” said David M. Thomas Jr., vice president and general manager of BAE Systems San Diego Ship Repair. “Our team of employees, subcontractors and Navy personnel have a great deal of experience with the DDG class and look forward to ushering the USS Preble into its next phase of fleet readiness.”
BAE Systems’ San Diego shipyard is completing similar work aboard the guided missile destroyer USS Shoup (DDG 86).
USS Preble is the 38th ship in the Arleigh Burke class and was commissioned in June 2002. The ship is named in honor of Commodore Edward Preble, an early 19th century U.S. Navy hero. Five previous U.S. naval combatants were named after the commodore.
BAE Systems is a leading provider of ship repair, maintenance, modernization, conversion, and overhaul services for the Navy, other government agencies, and select commercial customers. The company operates four full-service shipyards in California, Florida, Hawaii, and Virginia, and offers a highly skilled, experienced workforce, eight dry-docks/railways, and significant pier space and ship support services. The company’s San Diego shipyard has approximately 1,230 employees and works with the Navy and several subcontractor companies to accomplish its ship sustainment work.
Karl Johnson, BAE Systems
757-375-5086
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www.baesystems.com/US
@BAESystemsInc
PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK) announced today that the U.S. Agency for International Development (USAID) awarded the Company a five-year, $29.7 million single-award contract for the continuation of its Scaling Up Renewable Energy project (SURE II).
Recent advancements in renewable energy technologies and business models have made solar and wind power viable options for emerging economies. Battery storage prices also have declined, providing opportunities to meet demand through innovative, market-driven options.
Tetra Tech worked with USAID and 20 partner countries under the previous SURE I contract to integrate new technologies, promote competitive procurement of renewable energy generation, support development of progressive energy policies, and advance gender equality in the energy sector.
Under SURE II, Tetra Tech will provide technical services to promote reliable, cost-effective, and environmentally responsible solutions to increase adoption of renewable and advanced energy technologies. Activities may include the creation of programs to integrate renewable energy into existing power grids, and enhancement of national strategic energy planning to capitalize on renewable technologies that increase energy security and reduce costs. Tetra Tech also will support the development of an innovation fund which will attract new and nontraditional partners to scale up the deployment of renewable energy technology.
“Tetra Tech is pleased to support USAID in developing sustainable renewable energy solutions for emerging economies,” said Dan Batrack, Tetra Tech Chairman and CEO. “As the top-ranked firm by Engineering News-Record in solar and wind power, Tetra Tech will use its Leading with Science® approach to help deploy the best technologies, policies and practices to transform the power sector in developing countries.”
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 20,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, infrastructure, resource management, energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com, follow us on Twitter (@TetraTech), or like us on Facebook.
Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.
Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
(626) 470-2844
PG&E Encourages Customers to Conserve Electricity as California ISO Declares Flex Alert Tuesday
Conserve Power Between 3 p.m. and 10 p.m.
SAN FRANCISCO--(BUSINESS WIRE)--Based on current energy supply forecasts, rotating power outages are likely to occur Tuesday. Pacific Gas and Electric Company (PG&E) urges customers to conserve electricity in response to the California Independent System Operator’s (ISO) statewide Flex Alert called for Tuesday from 3 p.m. to 10 p.m. CAISO is the organization that manages the state's power grid.
The CAISO on Friday (Aug, 14) announced a series of Flex Alerts amid forecasts of extended, above-normal temperatures across California. Extreme heat is forecasted to last at least through Thursday. The prolonged heat is expected to drive electricity demand higher, as nighttime temperatures are also forecast to be above average.
Outages are estimated to last about two hours. PG&E’s Emergency Operations Center is activated and working closely with the CAISO to support this event.
Energy Conservation is Key
Thanks in part to conservation among customers across the service area on Monday, the CAISO did not have to call on PG&E and other utilities to conduct rotating outages Monday night. Continued conservation during each Flex Alert will help protect the state’s grid through this ongoing heatwave.
Find Out if Your Address Could be Affected Today
If the CAISO does order PG&E to initiate rotating outages, customers can look up their address to determine if their household will be affected. Visit www.pge.com/rotatingoutages to look up your address.
Reason for Rotating Outages
Rotating outages (Stage 3 Emergencies) are necessary when the CAISO is unable to meet minimum contingency reserve requirements and load interruption is imminent or in progress. These emergencies are declared by the CAISO. During these emergencies, the CAISO will typically order the state's utilities, including PG&E, to reduce electric load by turning off service immediately to prevent larger outages on the grid. Due to the emergency nature of these outages, utilities may not be able to give advance warning to customers.
These outages are not Public Safety Power Shutoffs, which are called during specific high fire-threat conditions, and they are not related to any issues with PG&E’s equipment or its ability to deliver energy locally.
Energy Conservation Tips
PG&E strongly urges customers to reduce electricity use during the Flex Alert, especially during the afternoon and evening, when air conditioners typically run at peak use. Customers should also follow these conservation tips:
PG&E Tips to Stay Safe and Cool
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.
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415-973-5930
California Grid Operator Confirms State’s Energy Supply Expected to Meet Demand Tonight as Heatwave Continues
PG&E Thanks Customers Big and Small for Coming Together to Conserve Power
Customers Strongly Urged to Continue Conserving through Thursday Night
SAN FRANCISCO--(BUSINESS WIRE)--Based on forecasts for electricity supply and demand, the state’s electric grid operator, the California Independent System Operator (CAISO), has communicated to Pacific Gas and Electric Company (PG&E) that the utility will not need to employ rotating power outages on Tuesday.
PG&E has been on standby throughout the day and for the duration of this heatwave, which began Friday (Aug. 14). The company has opened its Emergency Operations Center to prepare to initiate potential rotating outages at the request of the CAISO. PG&E teams will continue to coordinate with the CAISO as the heatwave extends through Thursday. The CAISO oversees the larger power grid and balances energy demand with supply.
Thanks to the conservation efforts of California residents, the CAISO was able to call off potential rotating outages Sunday, Monday and Tuesday.
Electricity Conservation Is Key Through Thursday
PG&E customers—including homeowners, small and medium businesses, large industrial businesses and agriculture businesses—have all come together to conserve electricity and help avoid the need for rotating outages.
With the heatwave expected to continue at least through Thursday night, PG&E strongly encourages all customers to continue conserving to reduce overall power demand.
“Since Friday, our state has been gripped by one of its most extreme heat events in recent years. We have strongly encouraged our customers to conserve energy to reduce strain on California’s electric grid, and they have delivered. We are tremendously grateful for their efforts to help avoid rotating outages. We urge our customers to keep up the conservation through Thursday. Thank you for your support and patience as we get through this heatwave together,” said Laurie Giammona, Senior Vice President and Chief Customer Officer for PG&E.
PG&E Tips to Save Energy and Reduce Usage
PG&E Tips to Stay Safe and Cool
Rotating outages directed by the CAISO are not Public Safety Power Shutoffs, which are called by PG&E during specific high fire threat conditions, and they are not related to any issues with PG&E’s equipment or its ability to deliver energy locally.
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
Media Relations
415.973.5930
NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--$NGVT #purifyprotectenhance--Ingevity Corporation (NYSE: NGVT) today published its 2019 sustainability report, detailing the company’s ongoing commitment to operating as a sustainable organization. The full report is available at: Ingevity.com/about/sustainability.
“Ingevity’s sustainability framework is aimed at creating value for stakeholders and enabling the company to fulfill its purpose—to purify, protect and enhance the world around us,” said Rick Kelson, Ingevity’s chairman of the board, and interim president and CEO. “Our sustainability initiative is helping to drive our business forward by taking a holistic approach to managing our company, ultimately aiding the long-term viability of our company while meeting short-term challenges. We are proud of the achievements shared in our 2019 report and look forward to continuing the dialogue as we share progress on our new sustainability initiatives.”
The 2019 report provides new information regarding our 2019 performance, outlining key performance indicators and management practices for each of Ingevity’s pillars of sustainability. Additional features that are new to this report include:
The company plans to report on its sustainability journey every two years, with updates in the alternating years. To view Ingevity’s 2019 sustainability report, or learn more about the company’s sustainability initiative, please visit: www.ingevity.com/about/sustainability.
Ingevity’s 2019 sustainability report was prepared in accordance with the Global Reporting Initiative (GRI) Standards, core option. The company self-certifies that the information and data in the report is as accurate and inclusive as possible, as reflected by the management systems that were in place prior to January 1, 2020.
Ingevity: Purify, Protect and Enhance
Ingevity provides specialty chemicals, high-performance carbon materials and engineered polymers that purify, protect and enhance the world around us. Through a team of talented and experienced people, Ingevity develops, manufactures, and brings to market products and processes that help customers solve complex problems. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bio-plastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,850 people. The company is traded on the New York Stock Exchange (NYSE: NGVT). For more information visit www.ingevity.com.
--08182020 Sustainability--
Contact:
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Investors:
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With the right set of controls technologies, microgrids not only offer value streams to site hosts and other microgrid customers but provide value upstream to the larger grid
BOULDER, Colo.--(BUSINESS WIRE)--#Biomass--A new report from Guidehouse Insights examines distributed energy resources (DER) assets as the driving force behind microgrid deployments, providing capacity and revenue forecasts for nine technologies from 2020 through 2029.
As one of many options to aggregate and optimize DER, the microgrid platform allows for new levels of resilience and reliability, which is particularly valuable in light of emerging threats to global power grids, such as extreme weather events, earthquakes, wildfires, and terrorist threats. At the same time, microgrids can help organize mixed asset fleets of DER at the distribution network level. Click to tweet: According to a new report from @WeAreGHInsights, total DER in microgrids revenue begins at $6.3 billion in 2020, reaching $27.7 billion annually by 2029, at a compound annual growth rate (CAGR) of 18%.
“With the right set of controls technologies, the microgrid platform can not only offer value streams to site hosts and other microgrid customers, but it also provides value upstream to the larger grid,” says Peter Asmus, research director with Guidehouse Insights. “It is in this latter function that microgrids overlap with other networking platforms such as virtual power plants (VPPs) and DER management systems.”
According to the report, the availability of government support for microgrids is affected by the design of incentives and subsidies for the gamut of available DER technologies that could be integrated into a microgrid. Support for DER assets will increase the viability of microgrids in any particular region. However, some forms of support can counterintuitively limit future microgrid applications, and in some cases, a decline in subsidy support, particularly for renewable generation technologies, can create incentives for microgrids.
The report, DER Deployments for Microgrids, focuses on how each of the following nine DER assets are being deployed across each region of the world: biomass, diesel generation sets (gensets), energy storage, fuel cells, hydropower, microturbines, natural gas gensets, solar PV, and wind. This report provides capacity and revenue forecasts for these technologies from 2020 through 2029. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington DC, the company has more than 7,000 professionals in more than 50 locations. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, DER Deployments for Microgrids, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
Lindsay Funicello-Paul
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HOUSTON--(BUSINESS WIRE)--Permianville Royalty Trust (NYSE: PVL, the “Trust”) today announced the net profits interest calculation for August 2020. The net profits interest calculation represents reported oil production for the month of May 2020 and reported natural gas production during April 2020. The calculation includes accrued costs incurred in June 2020.
As a result of the significant decline in sales volumes and commodity prices since the beginning of the year, caused by the continuing economic volatility related to the COVID-19 pandemic, direct operating and development expenses for the current month net profits interest calculation exceeded cash receipts, leading to a shortfall of $1.8 million this month. As a result, no distribution will be paid to the Trust’s unitholders in September 2020.
The following table displays reported underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month recorded net profits interest calculations. The amounts in the table have not been adjusted to reflect temporarily delayed sales and shut-in oil volumes discussed below.
|
|
Underlying Sales Volumes |
|
Average Price |
||||||||||
|
|
Oil |
|
Natural Gas |
|
Oil |
|
Natural Gas |
||||||
|
|
Bbls |
|
Bbls/D |
|
Mcf |
|
Mcf/D |
|
(per Bbl) |
|
(per Mcf) |
||
Current Month |
|
42,572 |
|
1,373 |
|
230,867 |
|
7,696 |
|
$ |
17.25 |
|
$ |
1.13 |
Prior Month |
|
41,444 |
|
1,381 |
|
247,040 |
|
7,969 |
|
$ |
15.58 |
|
$ |
1.25 |
Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $0.7 million for the current month on realized wellhead prices of $17.25/Bbl, up $0.1 million from the prior month distribution period. Similar to last month, some operators of the Underlying Properties looked to defer sales, utilize infield storage and/or temporarily shut-in production to address the recent oil price volatility. Based on current data for the Underlying Properties, COERT Holdings 1 LLC (the “Sponsor”) indicates that production and cash receipts have continued to normalize.
Recorded natural gas cash receipts from the Underlying Properties remained approximately the same at $0.3 million for the current month on realized wellhead prices of $1.13/Mcf.
Total accrued operating expenses for the period remained approximately the same at $1.9 million. Capital expenditures increased $1.3 million from the prior month. This increase is primarily due to previously unbilled completion costs associated with the three Wolfcamp area wells drilled by Pioneer Natural Resources during early 2019. The monthly net profits interest calculation includes received oil and natural gas receipts from the operators of the Underlying Properties, but represents accrued operating expenses as well as expenses paid during the period, which for a month where production sales were curtailed can lead to higher operating expenses when compared to production receipts. In addition, the Conveyance of Net Profits Interest prohibits the Sponsor from entering into new hedging arrangements burdening the Trust. As a result, all production in which the Trust has an interest is unhedged, and the amount of cash distributions is subject to the possibility of greater fluctuations due to changes in oil and natural gas prices.
The cumulative shortfall in net profits for the current month and the prior month will be deducted from any net profits in next month’s net profits interest calculation. At this time based on current commodity prices, the Sponsor anticipates that the Underlying Properties will return to generating positive net profits later this year.
About Permianville Royalty Trust
Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico. As described in the Trust’s filings with the Securities and Exchange Commission (the “SEC”), the amount of the periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, the amount and timing of capital expenditures, and the Trust’s administrative expenses, among other factors. Future distributions are expected to be made on a monthly basis. For additional information on the Trust, please visit www.permianvilleroyaltytrust.com.
Forward-Looking Statements and Cautionary Statements
This press release contains statements that are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are “forward-looking statements” for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unitholders, expected expenses, including capital expenditures, and expectations regarding the ability of the Underlying Properties to generate positive net profits later this year. The anticipated distribution is based, in large part, on the amount of cash received or expected to be received by the Trust from the Sponsor with respect to the relevant period. The amount of such cash received or expected to be received by the Trust (and its ability to pay distributions) has been and will continue to be directly affected by the volatility in commodity prices, which have declined since the beginning of 2020 in response to the economic effects of the COVID-19 pandemic and the dispute over production levels between Russia and the members of the Organization of Petroleum Exporting Countries, including Saudi Arabia, resulting in an oversupply of crude oil and exacerbating the decline in crude oil prices, and could remain low for an extended period of time. Continued low oil and natural gas prices will reduce profits to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders. Other important factors that could cause actual results to differ materially include expenses of the Trust, reserves for anticipated future expenses and the effect, impact, potential duration or other implications of the COVID-19 pandemic. In addition, future monthly capital expenditures may exceed the average levels experienced in 2019 and prior periods. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither the Sponsor nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in units issued by the Trust is subject to the risks described in the Trust’s filings with the SEC, including the risks described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 16, 2020, and the Trust’s Quarterly Report on Form 10-Q for the period ended June 30, 2020, filed with the SEC on August 7, 2020. The Trust’s quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov.
Permianville Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell 1 (512) 236-6555
Software solution targets production excellence
Project includes Halliburton’s DecisionSpace® technology suite and Honeywell Forge enterprise performance management software
HOUSTON--(BUSINESS WIRE)--PTTEP, a national petroleum exploration and production company in Thailand, awarded Halliburton (NYSE: HAL) a contract to design and implement a series of digital transformation projects as part of PTTEP’s Advanced Production Excellence (APEX) Initiative. APEX will improve operational efficiency and production in four offshore fields: Arthit, Greater Bongkot South, Greater Bongkot North and the Myanmar Zawtika Field.
Landmark, a Halliburton business line, will deploy its DecisionSpace® Production Suite in the cloud to improve production operations from the subsurface to processing facilities. The DecisionSpace® Enterprise Platform will integrate with Honeywell Forge, a powerful analytics software solution providing real-time data and visual intelligence, so PTTEP can implement more productive and efficient work processes.
Using advanced physics-based and data science models, the solution includes modeling of surface and subsurface components to manage and optimize operations from the wells to the point of delivery. This includes short-term production planning and optimization, flow assurance monitoring and control, sand production monitoring and control, condensate stabilization optimization, CO2 membrane optimization, fuel gas optimization and processing facilities performance monitoring and analysis.
“We look forward to collaborating with Honeywell to support PTTEP on its digital transformation journey,” said Nagaraj Srinivasan, senior vice president of Landmark and Halliburton Digital Solutions. “Effectively leveraging and implementing digital technologies improves efficiency to increase production, reduce operating expenses and maximize the value of the operator’s portfolio.”
ABOUT HALLIBURTON
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With more than 40,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.
For Investors:
Abu Zeya
Investor Relations
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External Affairs
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HOUSTON--(BUSINESS WIRE)--Waste Management, Inc. (NYSE: WM) today announced the declaration of a quarterly cash dividend of $0.545 per share payable Sept. 18, 2020 to stockholders of record on Sept. 4, 2020.
ABOUT WASTE MANAGEMENT
Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management environmental services in North America. Through its subsidiaries, the Company provides collection, transfer, disposal services, and recycling and resource recovery. It is also a leading developer, operator and owner of landfill gas-to-energy facilities in the United States. The Company’s customers include residential, commercial, industrial, and municipal customers throughout North America. To learn more information about Waste Management, visit www.wm.com.
Waste Management
Website
www.investors.wm.com
Analysts
Ed Egl
713.265.1656
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Janette Micelli
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HAMILTON, Bermuda--(BUSINESS WIRE)--International General Insurance Holdings Ltd. (“IGI” or the “company”) (NASDAQ: IGIC) today announced the appointment of Brian James as Class Underwriter for Cargo.
Brian brings over 30 years of experience in the cargo industry, and joins from Neon Underwriting, where he was Class Underwriter. Prior to this, Brian spent over a decade at Wellington Underwriting where he was responsible for establishing Wellington’s Syndicate Services and Wellington Genoa, following acquisition by Catlin.
Reporting to Mark Trevitt, Marine Class Underwriter, Brian will be based in IGI’s London office, and will be responsible for developing a niche portfolio of general cargo business, focusing on specific elements of the general cargo market, specifically medium-sized accounts and largely transit only, as well as cargo “war on land” risks. Brian’s appointment further strengthens IGI’s team and its growing marine portfolio.
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About IGI:
IGI is an international specialist commercial insurer and reinsurer, underwriting a diverse portfolio of specialty lines. Established in 2001, IGI is an entrepreneurial business with a worldwide portfolio of energy, property, construction & engineering, ports & terminals, financial institutions, casualty, legal expenses, general aviation, professional indemnity, marine liability, political violence, forestry and reinsurance treaty business. Registered in Bermuda, with operations in Bermuda, London, Dubai, Amman, Labuan and Casablanca, IGI always aims to deliver outstanding levels of service to clients and brokers. IGI is rated “A” (Excellent)/Stable by AM Best and “A-”/Stable by S&P Global Ratings. For more information about IGI, please visit www.iginsure.com.
Forward-Looking Statements:
This press release may include “forward-looking statements” within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the business of IGI may differ from its actual results and, consequently, you should not rely on forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, expectations with respect to current or future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the control of IGI and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) changes in demand for IGI’s services together with the possibility that IGI may be adversely affected by other economic, business, and/or competitive factors globally and in the regions in which it operates; (2) competition, the ability of IGI to grow and manage growth profitably and IGI’s ability to retain its key employees; (3) changes in applicable laws or regulations; (4) the potential inability to recognize the anticipated benefits of the transaction with Tiberius; (5) the outcome of any legal proceedings that may be instituted against the parties in connection with or related to the business combination agreement and the transactions contemplated therein; (6) the potential effects of the COVID-19 pandemic; (7) the inability to maintain the listing of the Company’s common shares or warrants on Nasdaq; and (8) other risks and uncertainties indicated in IGI’s annual report on Form 20-F for the year ended December 31, 2019, including those under “Risk Factors” therein, and in the Company’s other filings with the SEC. The foregoing list of factors is not exclusive. In addition, forward-looking statements are inherently based on various estimates and assumptions that are subject to the judgment of those preparing them and are also subject to significant economic, competitive, industry and other uncertainties and contingencies, all of which are difficult or impossible to predict and many of which are beyond the control of IGI. There can be no assurance that IGI’s financial condition or results of operations will be consistent with those set forth in such forward-looking statements. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. IGI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
IGI
Investors:
Robin Sidders, Head of Investor Relations
T: + 44 (0) 2072 204937
M: + 44 (0) 7384 514785
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Aaida Abu Jaber, PR & Marketing Manager
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MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy has elected a new board member, effective immediately.
Patricia L. Kampling brings four decades of experience in the energy industry, having recently retired from her role as chairman and CEO of Alliant Energy Corporation in Madison, Wisconsin. Prior to that, she held leadership roles at Exelon Corporation and the former IPSCO Corporation.
Pat joined Alliant Energy in 2005 as Vice President of Finance and was named Chief Financial Officer in 2009. In 2011, she was named President and Chief Operating Officer and, in 2012, she assumed the role of Chairman and CEO, a position she held until her retirement in July 2019.
Under her leadership, the company achieved financial and operational objectives while also obtaining creative and constructive regulatory outcomes. Pat also guided the company on its journey toward a cleaner, smarter energy future, while ensuring the 1.5 million customers Alliant serves had access to a more resilient energy grid and a diverse, sustainable energy mix.
“Pat not only brings a wealth of experience to Xcel Energy, she also shares our vision of leading the clean energy transition, while keeping service reliable and customer bills low,” said Ben Fowke, chairman and CEO of Xcel Energy. “Additionally, Pat joins us in our commitment to workforce development and to diversity and inclusion. It’s a great match and we look forward to welcoming her to our Board of Directors.”
Pat actively supports STEM-related education programs and partnerships with non-profit organizations that focus on education, families and the environment. Throughout her tenure at Alliant Energy, the company focused on enhancing its culture of safety, diversity and employee well-being with an array of programs and opportunities that foster employee diversity, health, and personal and professional growth.
Pat holds an M.B.A. from the University of Chicago and degrees in economics and engineering from Swarthmore College. She is also a Registered Professional Engineer.
About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
Xcel Energy Media Relations
(612) 215-5300
www.xcelenergy.com
SEJONG, South Korea--(BUSINESS WIRE)--#CollaboratingToHarmonizeMaritimeDigitalization--The Republic of Korea’s Ministry of Oceans and Fisheries (MOF) is hosting a virtual e-Navigation Underway Conference (ENUW) from September 8th to 9th under the theme of ‘Collaborating to harmonize maritime digitalization’. The Conference will be held using a virtual platform, and is being co-organized with the Danish Maritime Administration (DMA) and the International Association of Marine Aids to Navigation and Lighthouse Authorities (IALA).
The series of ENUW Conferences, which were respectively held by the DMA for the European region from 2012, the US Coast Guard for the North American region from 2014, and the MOF for the Asia Pacific region from 2017, have been the catalyst facilitating the global development and implementation of e-Navigation.
This Conference will focus on initiating the ‘Digital@Sea Initiative’ as a global cooperation framework on maritime digitalization. Building on the IMO-led e-Navigation initiative, this Conference will explore future, digital maritime services and communication networks, challenges with maritime digitalization, and international cooperation.
DMA Director General, Mr. Andreas Nordseth, stressed that as well as increasing international cooperation on maritime digitalization in a comprehensive way, the Digital@Sea Initiative will lead to the practical implementation of many digitalization initiatives.
“International, Global harmonization of Standards is absolutely necessary for a successful implementation of the ambitious digital maritime agenda. The ENUW and Digital@Sea series of Conferences are a perfect step in that direction” IALA Secretary General, Mr. Francis Zachariae says.
At the Conference the MOF and Navelink will showcase the Maritime Connectivity Platform (MCP), demonstrating its use for the delivery of maritime digital services. The MCP is a platform that realizes global maritime digital services including the IMO’s e-Navigation maritime services. Mr. Sunbae Hong from the MOF says, “It is expected that more maritime communities will get most of their benefits and solutions from e-Navigation and through the MCP.”
This year’s Conference and official showcase will use real-time video in an online platform that allows more than 500 people to join in the discussion, and it will be livestreamed on YouTube. The Conference is free to attend. More information and the ability to register for the Conference is available on the Conference website (https://e-navap.org).
Ministry of Oceans and Fisheries
ENUW AP 2020 Secretariat
Eunice Kim
+82-70-7688-3161
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MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (the “Company”) today released its inaugural 2020 Sustainability Report. The report outlines Concho’s approach to sustainability, details the Company’s environmental, social, governance and safety performance and includes an update to the Company’s 2019 Climate Risk Report. The 2020 Sustainability Report is available at www.concho.com/sustainability.
Tim Leach, Chairman and Chief Executive Officer, commented, “At Concho, we strive to produce efficient and reliable energy, and we believe our efforts contribute to improving quality of life around the world. Our role in supplying a competitive energy source is one we take seriously, and sustainability is core to our strategy and success. This inaugural report demonstrates our progress and commitment to advancing our sustainability initiatives, increasing transparency of our performance and continuing a dialogue on these important matters.”
Highlights and achievements from the 2020 Sustainability Report include:
Concho’s 2020 Sustainability Report was informed by key frameworks and reporting guidance, including the Sustainability Accounting Standards Board, Global Reporting Initiative and Oil and Gas Industry Guidance on Voluntary Sustainability Reporting by IPIECA. Preparation of the report was also informed by the recommendations from the Task Force for Climate-Related Financial Disclosures. This approach enables us to address disclosure and material issues related to these frameworks and guidance and to provide a comprehensive review of our progress and activities related to sustainability.
Concho Resources Inc.
Concho Resources (NYSE: CXO) is one of the largest unconventional shale producers in the Permian Basin, with operations focused on safely and efficiently developing and producing oil and natural gas resources. We are working today to deliver a better tomorrow for our shareholders, people and communities. For more information about Concho, visit www.concho.com.
Forward-Looking Statements and Cautionary Statements
The foregoing contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions and analyses made by the Company based on management’s experience, expectations and perception of historical trends, current conditions, current plans, anticipated future developments, expected financings and other factors believed to be appropriate. Forward-looking statements are not guarantees of performance. Although the Company believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. Moreover, such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include the risk factors and other information discussed or referenced in the Company’s most recent Annual Report on Form 10-K and other filings with the SEC. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Information on Concho’s website is not part of this press release.
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DUBLIN--(BUSINESS WIRE)--The "Flame Detector Market with COVID-19 Impact, by Product (Single UC, Single IR, Dual UV/IR, Triple IR, Multi IR), Industry (Oil & Gas, Energy & Power, Chemicals, Aerospace & Defense, Logistics) and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global flame detector market was valued at USD 1.6 billion in 2019 and is projected to reach USD 2 billion by 2026; it is expected to grow at a CAGR of 4.2% from 2020 to 2026. Key players operating in the flame detector market are Johnson Controls (Ireland), United Technologies (US), Honeywell (US), Siemens (Germany) and Halma (UK).
The key factors driving the growth of the flame detector market are policies, regulations, and government initiatives, rising adoption of wireless technology in flame detection systems, and increasing human and property loss due to fire breakouts.
Market for single UV to account for largest market share during forecast period
The single UV segment is expected to continue to hold the largest market size during the forecast period. The growth of this segment can be attributed to the demand for flame detectors in oil & gas, chemicals, and energy & power industries. These detectors are best suited for locations in which hydrogen and hydrocarbon gases are used.
Single UV detectors are mainly used for indoor applications across various industries especially in oil & gas, transportation, manufacturing, mining, and energy & power utilities, where there are huge potential and use of indoor flame detectors. Following the pandemic of COVID-19, the market for flame detectors is expected to face a flat to decreasing growth curve in 2020 and 2021. Since fire protection systems are considered under essential businesses, the market for flame detectors is expected to be back on the growth curve from 2021.
Oil & gas industry to hold largest size during forecast period
The oil & gas industry is expected to hold the largest market size during the forecast period. In the oil & gas industry, the deployment of flammable and combustible materials is carried out, which includes petroleum, crude oil, flammable gases (such as butane), coal, and many others; these are combustible and thereby, to avoid fire, advanced flame detector systems are installed.
However, following the COVID-19 pandemic, the oil & gas industry has faced a major setback. The oil prices have reached an all-time low, and the companies involved in the industry have faced heavy losses. The decreased consumption of fuel has drastically reduced the demand for oil and gas.
North America is expected to capture largest market size during forecast period
The North American region is expected to hold the largest share of the flame detector market during the forecast period. The US and Canada are expected to be the largest consumers of flame detectors in North America. The increasing demand in the pharmaceutical industry in this region owing to the recent COVID-19 pandemic is expected to result in the large market share of flame detectors in the region.
The current pandemic has severely affected almost every industry across the world. Disrupted supply chain, reduced demand from local and global markets, and increased concerns regarding healthcare are a few of the challenges faced by almost every country in the world. The market for flame detectors in North America is estimated to experience a downward growth rate from 2019 to 2020 and exhibit a slightly positive growth rate from 2020 to 2021.
Research Coverage
The research report on the global flame detector market covers the market based on product, industry, and region. Based on product, the market has been segmented into single UV, single IR, Dual UV/IR, triple IR, and multi IR. Based on industry, the flame detector market has been segmented into oil & gas, energy & power, chemicals, aerospace & defense, logistics, mining, automotive, pharmaceuticals, marine, and other industries. The report covers four major regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Major players operating in the flame detector market include Halma (UK), Honeywell (US), Johnson Controls (Ireland), Siemens (Germany), United Technologies (US), Emerson Electric (US), Hochiki (Japan), MSA (US), Robert Bosch (Germany), Micropack Engineering (Scotland), Minimax Viking (Germany), Spectrex (US), Ciquirix (UK), Electro Optical Components (US), Fike Corporation (US), Fire & Gas Detection Technologies (US), Optris Infrared Sensing (US), Rezontech (South Korea), Sense-WARE (US), Teledyne Technologies (US), Trace Automation (India), and VFP Fire Systems (US).
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
3.1 Realistic Scenario
3.2 Pessimistic Scenario
3.3 Optimistic Scenario
4 Premium Insights
4.1 Attractive Opportunities in Flame Detector Market
4.2 Flame Detector Market, by Product
4.3 Flame Detector Market, by Industry and Region
4.4 Flame Detector Market, by Geography
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Policies, Regulations, and Government Initiatives
5.2.1.2 Rising Adoption of Wireless Technology in Flame Detection Systems
5.2.1.3 Increasing Human and Property Loss Due to Fire Breakouts
5.2.2 Restraints
5.2.2.1 Sluggishness in Oil & Gas and Automotive Industries Owing to COVID-19
5.2.2.2 High Initial Costs
5.2.2.3 Concerns Related to False Alarms and Detection Failure
5.2.3 Opportunities
5.2.3.1 Integration of Flame Detectors with IoT and Big Data
5.2.3.2 Periodic Revision of Regulatory Compliances
5.2.4 Challenges
5.2.4.1 Integration of User Interfaces With Fire Detection Solutions
5.3 Value Chain Analysis
5.4 Emerging Trends in Flame Detection
5.5 Flame Detectors Used for Operations
5.5.1 Ionization Current Flame Detectors
5.5.2 Thermocouple Flame Detectors
6 Flame Detector Market, by Product
6.1 Introduction
6.2 Optical Flame Detection Technology
6.3 Visual Flame Detection Technology
7 Flame Detector Market, by Connectivity
7.1 Introduction
7.2 Wired Flame Detectors
7.3 Wireless Flame Detectors
8 Services Related to Implementation of Flame Detectors
8.1 Introduction
8.2 Engineering Services
8.3 Installation and Design Services
8.4 Maintenance Services
8.5 Inspection and Managed Services
9 Flame Detector Market, by Industry
9.1 Introduction
9.2 Oil & Gas
9.3 Energy & Power
9.4 Chemicals
9.5 Aerospace & Defense
9.6 Logistics
9.7 Mining
9.8 Automotive
9.9 Pharmaceuticals
9.10 Marine
9.11 Others
10 Geographic Analysis
10.1 Introduction
10.2 North America
10.3 Europe
10.4 APAC
10.5 RoW
11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis for Flame Detector Market
11.3 Competitive Leadership Mapping
11.3.1 Visionaries
11.3.2 Dynamic Differentiators
11.3.3 Innovators
11.3.4 Emerging Companies
11.4 Competitive Situations & Trends
11.4.1 Product Launches
11.4.2 Acquisitions
11.4.3 Collaborations
11.4.4 Expansions
12 Company Profiles
12.1 Key Players
12.1.1 Halma
12.1.2 Honeywell
12.1.3 Johnson Controls
12.1.4 Siemens
12.1.5 United Technologies
12.1.6 Emerson Electric
12.1.7 Hochiki
12.1.8 MSA
12.1.9 Robert Bosch
12.1.10 Micropack Engineering
12.1.11 Minimax Viking
12.1.12 Spectrex
12.2 Right-to-Win
12.3 Other Key Players
12.3.1 Ciqurix
12.3.2 Electro Optical Components
12.3.3 Fike Corporation
12.3.4 Fire & Gas Detection Technologies
12.3.5 Optris Infrared Sensing
12.3.6 Rezontech
12.3.7 Sense-Ware
12.3.8 Teledyne Technologies
12.3.9 Trace Automation
12.3.10 VFP Fire Systems
For more information about this report visit https://www.researchandmarkets.com/r/g2rdqh
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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