BOCA RATON, Fla.--(BUSINESS WIRE)--East Resources Acquisition Company (NASDAQ:ERES) (the “Company”) today announced that, on May 26, 2021, it received a notice (the “Notice”) from the Listing Qualifications Department of The NASDAQ Stock Market LLC (“NASDAQ”) stating that the Company is not in compliance with NASDAQ Listing Rule 5250(c)(1) (the “Rule”) because the Company failed to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 (the “Form 10-Q”) with the Securities and Exchange Commission (“SEC”). The Notice has no immediate effect on the listing or trading of the Company’s securities on the NASDAQ.
As previously disclosed in the Form 12b-25 filed on May 18, 2021 by the Company, on April 12, 2021, the Acting Director of the Division of Corporation Finance and Acting Chief Accountant of the SEC together issued a statement regarding the accounting and reporting considerations for warrants issued by special purpose acquisition companies entitled “Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies” (the “SEC Statement”). As result of the SEC Statement, the Company’s management reevaluated the accounting treatment of (i) the redeemable warrants that were included in the units issued by the Company in its initial public offering and (ii) the redeemable warrants that were issued in a private placement (collectively, the “Warrants”), and concluded that the Warrants should be reclassified as derivative liabilities.
Under NASDAQ rules, the Company has 60 calendar days from the date of the Notice, or until July 26, 2021, to submit a plan to regain compliance with the Rule. If NASDAQ accepts the Company’s plan, then NASDAQ may grant an exception of up to 180 calendar days from the due date of the Form 10-Q or until November 22, 2021, to regain compliance. The Company is continuing to review the impacts of the SEC Statement on the Company’s unaudited financial statements for the quarterly period ended March 31, 2021 and is working diligently to complete the Form 10-Q as soon as reasonably practicable with the intention of regaining compliance.
ABOUT EAST RESOURCES ACQUISITION COMPANY
East Resources Acquisition Company, led by Terrence (Terry) M. Pegula, is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the energy industry in North America.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
SOURCE East Resources Acquisition Company
Investor Contact:
Kelly Seward
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The Transaction was finalized on Tuesday and Includes the Acquisition of 20% of Doral LLC, Extension of Credit Facilities and Direct Investments in Projects
PHILADELPHIA--(BUSINESS WIRE)--A substantial investment transaction for Migdal Insurance, Israel’s largest insurance company, and pension manager with assets under management of 90 billion dollars, in Global Energy Generation LLC (Doral LLC) was finalized on Tuesday.
The transaction outline includes, inter alia, an investment of approximately $110 million, in exchange for 20% of Doral LLC.
At the closing date, Migdal shall invest an amount of approximately $70 million, out of which approximately $20 million shall be used to purchase shares and repayment of certain outstanding shareholders loans from existing shareholders. An additional amount of $40 million shall be invested in Doral LLC upon the achievement of certain pre-defined milestones.
It was further agreed that in the event of an IPO of Doral LLC at a minimum valuation ranging between $1.5 – 2 billion, Migdal shall invest in Doral LLC an additional amount of $15 – 20 million on account of its existing interests in the company, all subject to the arrangements set forth in the investment agreement.
As part of the deal, Migdal Insurance will also participate in the first stage (480 MWdc) of Doral LLC's mega solar project in Indiana, with an estimated investment of $100 million. Doral LLC will retain its majority holding position and control of the project.
The Indiana solar project, which is expected to enter construction in 2021, covers over 12,000 acres, and has a total dc capacity estimated at 1.65 gigawatts. This is one of the most significant photovoltaic projects in the U.S.
The first phase of the project has already received most of the required approvals. It signed a PPA (Power Purchase Agreement) with AEP Energy Partners Inc., a subsidiary of American Electric Power (Nasdaq: AEP) and one of the largest electric energy wholesale suppliers in the U.S. The agreement is one of the largest solar power purchase agreements in the PJM market.
In addition, Migdal Insurance will provide Doral LLC with a credit facility of an additional $130 million. Migdal’s investment will total approximately $355 million. The investment scope may be increased by hundreds of millions of dollars in the foreseeable future as more projects mature.
Doral LLC
Doral LLC, the entrepreneurial platform of Doral Renewable Energy Resources Group Ltd (Doral Group) in the U.S, was founded by Doral Group and Clean Air Generation LLC. Doral LLC currently has over 3 GWdc of projects under development and 30,000 acres of land control, mainly in Midwest and Mid-Atlantic U.S. The management team of Doral LLC includes experienced multidisciplinary individuals who worked together for many years in the renewables industry in the US.
Doral Group is a publicly traded company on the Tel Aviv Stock Exchange in Israel (DORL) and is a global renewable energy leader, holding hundreds of long-term revenue generating renewable energy assets. With over 6 GWdc under development, Doral Group is active, inter alia, in Israel, Europe, and the United States. Doral Group is also emerging as a worldwide leader in the field of solar + storage solutions, following its win of Israel’s biggest solar + storage tenders to build approximately 750MW(dc) + 1,400MWh of storage facilities in Israel.
Migdal Insurance is Israel’s largest insurance company and pension manager with AUM of 90 billion dollars, 2.3 million customers and more than 4,900 employees. Migdal has a local corporate rating of Aa1. Migdal was Israel’s first institutional body to announce the adoption of an ESG (Environmental Social and Governance) investment policy over six months ago. Migdal has already made several investments in the field, including a NIS 1 Billion investment in Copenhagen Infrastructure Partners IV, a Danish Fund which is active in renewable energy projects; a $100 Million investment in BayWa Renewable Energy, an international growth company operating in renewable energies and a unique investment of $60 Million in the AMUNDI PLANET Fund which was established in partnership with large global institutional entities to develop “green” bond markets in emerging countries.
MEDIA:
Maya Ziv Wolf
Corporate Media Relations
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Proposed 2.1% Increase Driven by Higher Commodity Costs and Demand Charges
WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas (NJNG), the regulated subsidiary of New Jersey Resources (NYSE: NJR), today submitted its annual Basic Gas Supply Service (BGSS) and Conservation Incentive Program (CIP) filing to the New Jersey Board of Public Utilities (BPU). NJNG is seeking to adjust its natural gas cost recovery rates due to higher market prices and demand charges.
The BGSS represents the cost of the commodity that is passed through to customers. Any change to this rate does not result in a change in profits to the company.
“New Jersey Natural Gas is committed to providing our customers with safe, reliable natural gas service in the most cost-effective manner,” said Steve Westhoven, president and CEO of New Jersey Natural Gas. “We actively work to optimize our natural gas purchasing strategies to manage the effect of higher natural gas costs and minimize the impact on our customers.”
NJNG continues to monitor market conditions and look for opportunities to lower costs and benefit its customers. In December and January of this past winter heating season, NJNG provided residential and small commercial customers with bill credits totaling $20.6 million due to lower wholesale natural gas prices. These bill credits helped reduce the typical residential heat customer’s annual bill by approximately 3.6% or about $41.
The proposed adjustment to the BGSS would be offset in part by a slight decrease to its CIP recovery rate. The net effect is an increase of 2.1%, or $24.20, for the typical residential heating customer using 1000 therms annually.
In its filing, NJNG is seeking an increase of 0.5% related to its BGSS rate and a 1.9 % increase related to its Balancing Charge. The BGSS and Balancing Charge recover the cost of natural gas supply used to serve its customers and balance deliveries with customer usage. NJNG also requested a 0.3% decrease related to its CIP, which is designed to help normalize year-to-year fluctuation from changing weather and usage patterns on both customers’ bills and NJNG’s financial margins.
Pending BPU approval, NJNG’s proposed BGSS and CIP rate changes would take effect October 1, 2021.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:
NJR and its nearly 1,200 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®. For more information about NJR:
www.njresources.com
Follow us on Twitter @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.
Media:
Michael Kinney
732-938-1031
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Investors:
Dennis Puma
732-938-1229
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HOUSTON--(BUSINESS WIRE)--Insert to end of the second paragraph: This proven and highly efficient technology offers significant benefits for CO2 capture as it aims to reduce the regeneration energy requirements. And add after the last paragraph of release:
About BASF gas treatment
With more than 50 years of experience, BASF offers its customers efficient gas treating solutions for a variety of applications such as natural gas, synthesis gas, and biogas. Worldwide, these solutions have been proven and demonstrated in about 500 reference plants. BASF markets its range of gas treating technologies, the corresponding solvents and complete technical services including the digital platform OASE connect under the brand OASE® – Gas Treating Excellence by BASF. For more information please visit: Gas Treatment (basf.com)
The updated release reads:
LINDE ENGINEERING AMERICAS ANNOUNCES NEW CO2 CAPTURE PROJECT FOR SPRINGFIELD POWER PLANT
Linde Engineering Americas (LEA) has been selected by the U.S. Department of Energy’s National Energy Technology Laboratory (NETL) to install and test a 200 tons per day CO2 capture large pilot plant at the City Water, Light & Power (CWLP) power plant in Springfield, IL through a funding award made to the Board of Trustees of the University of Illinois (Champaign, IL). The project will be executed in collaboration with BASF, University of Illinois at Urbana Champaign, CWLP and ACS. The successful construction and operation of this plant will provide a means to demonstrate an economically attractive and transformational capture technology.
According to company officials, the project will showcase Linde’s post-combustion CO2 capture technology capabilities jointly developed utilizing BASF’s OASE® blue gas treatment technology. This proven and highly efficient technology offers significant benefits for CO2 capture as it aims to reduce the regeneration energy requirements.
“We’re excited about this opportunity to feature the CO2 capture technology we’ve developed with BASF,” said Dominic Cianchetti, Senior Vice President, Region Americas. “There are many commercial uses for this technology, and this project will help guide future discussions about the viability of those possibilities.”
DOE’s Office of Fossil Energy and National Energy Technology Laboratory have supported advancement of this CO2 capture technology for many years, according to LEA officials. This large pilot project is a major milestone for the future of carbon capture technology’s commercial viability.
About Linde Engineering Americas
Linde Engineering America (LEA) is a member of the Linde Engineering Division of Linde plc. LEA is a single-source technology, engineering, procurement and construction firm focused on providing innovative solutions to customers. Areas of expertise include hydrogen solutions, air separation, carbon capture, liquefied natural gas (LNG), gas processing, deep cryogenics and fired process equipment. For more information, see Linde Engineering Americas online at www.leamericas.com.
About Linde
Linde is a leading global industrial gases and engineering company with 2020 sales of $27 billion (€24 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.
The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing, and primary metals. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions. For more information about the company and its products and services, please visit www.linde.com
About BASF gas treatment
With more than 50 years of experience, BASF offers its customers efficient gas treating solutions for a variety of applications such as natural gas, synthesis gas, and biogas. Worldwide, these solutions have been proven and demonstrated in about 500 reference plants. BASF markets its range of gas treating technologies, the corresponding solvents and complete technical services including the digital platform OASE connect under the brand OASE® – Gas Treating Excellence by BASF. For more information please visit: Gas Treatment (basf.com)
Leslie Agee
Communications & Marketing
918.960.1721
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TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE: NGL) announced today that NGL plans to issue its fiscal fourth quarter ended March 31, 2021 earnings press release post-market close on Thursday, June 3, 2021. Members of NGL’s management team intend to host an earnings call following this release on Thursday, June 3, 2021 at 4:00 pm CDT to discuss its financial results. Analysts, investors, and other interested parties may access the conference call by dialing (800) 291-4083 and providing access code 7299585. An archived audio replay of the call will be available for 7 days beginning at 1:00 pm CDT on June 4, 2021, which can be accessed by dialing (855) 859-2056 and providing access code 7299585.
Forward-Looking Statements
This press release includes “forward-looking statements.” All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. While NGL believes such forward-looking statements are reasonable, NGL cannot assure they will prove to be correct. The forward-looking statements involve risks and uncertainties that affect operations, financial performance, and other factors as discussed in filings with the Securities and Exchange Commission. Other factors that could impact any forward-looking statements are those risks described in NGL’s annual report on Form 10-K, quarterly reports on Form 10-Q, and other public filings. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading “Risk Factors.” NGL undertakes no obligation to publicly update or revise any forward-looking statements except as required by law.
About NGL Energy Partners LP
NGL Energy Partners LP, a Delaware limited partnership is a diversified midstream energy company that transports, stores, markets and provides other logistics services for crude oil, natural gas liquids and other products and transports, treats and disposes of produced water generated as part of the oil and natural gas production process. For further information, visit the Partnership’s website at www.nglenergypartners.com.
This release is a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat 100% of NGL Energy Partner LP’s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Therefore, distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
NGL Energy Partners LP
Trey Karlovich, 918.481.1119
Executive Vice President and Chief Financial Officer
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or
Linda Bridges, 918.481.1119
Senior Vice President – Finance and Treasurer
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) announced today that its Board of Directors declared a quarterly cash dividend of $0.56 per share on Pioneer’s outstanding common stock. The dividend is payable July 14, 2021, to stockholders of record at the close of business on June 30, 2021.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Pioneer Natural Resources:
Investors
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Michael McNamara – 972-969-3592
Greg Wright – 972-969-1770
Media and Public Affairs
Tadd Owens – 972-969-5760
DUBLIN--(BUSINESS WIRE)--The "North America Industrial Motors Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Industrial Motors Market was valued at USD 8.57 billion in 2020 and is expected to reach USD 11.69 billion by 2026, registering a CAGR of 5.1% during the forecast period (2021-2026).
The market for industrial motors in North America is primarily driven by the industries' growing focus towards industry 4.0. Industrial automation drives the manufacturing sector towards more efficient products in the region, which is expected to show strong growth during the forecast period.
This trend would generate demand for updated machinery which employs industrial motors. The growth of industrial automation is anticipated to be split evenly among all the segments supported by discrete manufacturing growth and the growth of the North American oil and gas sector. Hence, the growth of industrial automation is expected to generate demand for the industrial motors market.
Manufacturers in the food industry are increasingly adopting the use of automation to meet the guidelines and regulations set by the industry associations for the maintenance of the quality of products offered. For instance, Food & Drug Administration's Food Safety Modernization Act (FSMA) introduced regulations, which necessitate that the giant food manufacturers should meet preventive controls and also Current Good Manufacturing Practice (CGMPS) requirements.
Further, the region has been witnessing new manufacturing facilities with smart factory features.
Moreover, significant advances in technology have created opportunities to develop and manufacture electric motors for a broad range of applications in industries such as automotive and other industrial sectors. Over the past two decades, greater importance placed on environmental safety has led to the drafting of several norms and regulations that pinpoint this issue.
Key Market Trends
Oil & Gas Industry Expected to Exhibit Maximum Adoption
Competitive Landscape
The competitive landscape of the North American Industrial Motors Market is expected to be moderately fragmented owing to the presence of several regional based players as well as global players with operations in the region.
The industrial motors market comprises of various prominent players such as Siemens AG, ABB Ltd., Rockwell Automation, among others. The brand identity associated with the companies has a major influence on this market. In order to gain a competitive edge, the prominent players have been actively launching new products.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Demand For Energy Efficiency Owing To Government Regulations
4.2.2 Growing Shift Towards Smart Motors
4.3 Market Restraints
4.3.1 High Initial Investment For Procuring New Equipment And Upgrading Existing Equipment
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.5 Technology Snapshot
4.6 Assessment of Impact of Covid-19 on the Industry
5 MARKET SEGMENTATION
5.1 Type of Motor
5.1.1 Alternating Current (AC) Motors
5.1.2 Direct Current (DC) Motors
5.1.3 Other Types of Motors (Servo and Electronically Commutated Motors(EC))
5.2 Voltage
5.2.1 High Voltage
5.2.2 Medium Voltage
5.2.3 Low Voltage
5.3 End-user Industry
5.3.1 Oil & Gas
5.3.2 Power Generation
5.3.3 Mining and Metals
5.3.4 Water and Wastewater Management
5.3.5 Chemicals and Petrochemicals
5.3.6 Discrete Manufacturing (Automotive, Electronics & Semiconductor, Textile, Aerospace & Defense)
5.3.7 Process Industries (F&B, Pharmaceuticals, Plastics etc.)
5.4 Country
5.4.1 United States
5.4.2 Canada
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 ABB Ltd.
6.1.2 Rockwell Automation, Inc.
6.1.3 Siemens AG
6.1.4 Regal Beloit Corporation
6.1.5 Altra Industrial Motion Corp
6.1.6 Johnson Electric
6.1.7 Toshiba International Corporation
6.1.8 Nidec Motor Corporation
6.1.9 TECO-Westinghouse
6.1.10 Yaskawa Electric Corporation
6.1.11 Fuji Electric Co. Ltd.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/4qx6z2
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Seasoned HR leader will support the company’s transformation as a leading renewable energy company
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy ("Leeward”) today announced that Rebecca (Becky) Fisher has been appointed Chief Human Resources Officer. Ms. Fisher reports to Jason Allen, Leeward’s Chief Executive Officer, and is responsible for leading the company’s human resources strategy and systems, talent acquisition, talent management, total rewards, diversity & inclusion, and cultural development.
Ms. Fisher brings more than 25 years of strategic leadership in Human Resources, with progressive experience directing all aspects of HR for small-, mid- and large-cap organizations. Ms. Fisher spent the majority of her career with PepsiCo, Inc., where she led large-scale organizational and culture transformation and talent management. During her 14 years at PepsiCo, Ms. Fisher’s roles included Senior Vice President of Human Resources, Talent Management; Vice President of Human Resources, PepsiCo Customer Teams & PepsiCo America Foods; Vice President of Human Resources, Frito-Lay; and Senior Director of Human Resources, Frito-Lay. Ms. Fisher has spent the last two years providing strategic HR consulting to private and public companies as HR and Business Consultant at Fisher Consulting Partners, LLC. She also currently serves on the board of directors of SunOpta where she chairs the compensation committee.
“Becky Fisher is a very talented professional, and a leader with a commitment to improving business performance by implementing innovative and tailored HR systems and processes,” said Mr. Allen. “We are thrilled to welcome Becky to Leeward. Her deep expertise and proven success in transforming organizations, aligning cultures with business strategies, and developing employees will be critical to advance Leeward’s platform and HR strategies as we continue to grow.”
Ms. Fisher holds a bachelor’s degree in Journalism and minor in Business Administration from Texas Christian University.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy is a leading renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S., with 17 gigawatts under development spanning over 100 projects. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$105 billion in net assets (as at December 31, 2020). For more information, visit www.leewardenergy.com.
Kelly Kimberly
Sard Verbinnen & Co.
713.822.7538
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HOUSTON--(BUSINESS WIRE)--As part of its ongoing commitment to debt reduction, Schlumberger Limited (“Schlumberger”) today announced that Schlumberger Investment SA, an indirect wholly-owned subsidiary of Schlumberger (“SISA”), will redeem notes with an outstanding aggregate principal amount of $664,776,000. This redemption is for the entire outstanding principal amount of SISA’s 3.300% Senior Notes due 2021 (CUSIP Nos. 806854AB1 / L81445AB1; and ISIN Nos. US806854AB12 / USL81445AB10) (the “Notes”). The redemption date for the Notes is June 28, 2021 (the “Redemption Date”).
The Notes will be redeemed on the Redemption Date at a redemption price for the Notes equal to (a) 100% of the aggregate principal amount being redeemed, plus (b) accrued and unpaid interest on the Notes from the last interest payment date to, but excluding, the Redemption Date. On and after the Redemption Date, the Notes will cease to be outstanding and interest will cease to accrue on the Notes.
Notices of redemption are being sent by the trustee for the Notes to all currently registered holders of the Notes.
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, Schlumberger collaborates to create technology that unlocks access to energy for the benefit of all.
Find out more at www.slb.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the federal securities laws — that is, statements about the future, not about past, events. Such statements often contain words such as “expect,” “may,” “believe,” “plan,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “see,” “likely” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as statements regarding the terms and timing of the redemption of the Notes. Neither Schlumberger nor SISA can give any assurance that such statements will prove correct. These statements are subject to, among other things, the risks and uncertainties detailed in Schlumberger’s most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the Securities and Exchange Commission. Actual outcomes may vary materially from those reflected in Schlumberger’s forward-looking statements. The forward-looking statements speak only as of the date of this press release, and Schlumberger and SISA disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Office +1 (713) 375-3535
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Technology Industry Leader Brings More Than Thirty Years of Experience to the ChargePoint Board
CAMPBELL, Calif.--(BUSINESS WIRE)--#Bethechange--ChargePoint Holdings, Inc. (NYSE:CHPT), a leading electric vehicle (“EV”) charging network, today announced the appointment of Susan Heystee to its Board of Directors. Heystee will be replacing Neil Suslak, who is resigning from ChargePoint’s Board. Heystee brings more than 30 years of software and technology experience to the ChargePoint Board. Heystee is currently serving as a strategic advisor and director of Ouster, Inc., a leading global lidar technology company.
Over her career, Heystee has held various leadership positions including Senior Vice President of Global Automotive Business at Verizon Connect and Executive Vice President of Global Sales and OEM Business at Telogis, which was acquired by Verizon in July 2016, and where she grew revenue with enterprise direct sales to Fortune 500 companies in North and South America, Europe and Australia. Ms. Heystee is qualified to serve as a director of the Company due to her extensive experience in the technology sector and knowledge of market driven strategies.
"Ms. Heystee adds significant business model development experience in the mobility ecosystem,” said Pasquale Romano, President and CEO, ChargePoint. “Her extensive experience serving a diverse set of industries, from fleet, utility, transportation and home delivery, parallels the wide range of verticals ChargePoint serves with EV charging solutions. Her time as an executive leader at start-up businesses as well as major, global organizations provides the full-range perspective needed as the electric mobility industry continues to expand. I would also like to thank Neil Suslak for his many contributions during his tenure as a member of ChargePoint’s Board, but more importantly recognize his early conviction to the electrification of mobility.”
“ChargePoint is an impressive company with a winning business model built on a comprehensive cloud subscription platform and software-defined charging hardware that enables a seamless experience for businesses and drivers,” said Susan Heystee. “It is an exciting time to join the company given the tremendous value creation opportunities presented as the world transitions to electric mobility.”
Heystee holds a bachelor’s degree in mathematics and business from the University of Waterloo and an executive MBA from Harvard Business School.
For more information about ChargePoint’s Board of Directors, visit: https://www.chargepoint.com/about/board/.
About ChargePoint
ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions available today. ChargePoint’s cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe. To date, more than 90 million charging sessions have been delivered, with drivers plugging into the ChargePoint network approximately every two seconds. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact ChargePoint’s This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it. press offices or This email address is being protected from spambots. You need JavaScript enabled to view it..
CHPT-IR
Olivia Marcinka
Communications Specialist
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ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--$ARR.TO #energytransition--Altius Renewable Royalties Corp. (TSX:ARR) (“ARR” or the “Company”), is today reporting that all resolutions presented at its May 27, 2021 Annual General Meeting were approved by shareholders. A total of 22,112,284 shares were voted, representing 83.4% of the total common shares issued and outstanding. ARR thanks its shareholders for the high voting participation rate. Detailed results of the election of directors and meeting resolutions are as follows:
ANNUAL GENERAL MEETING MAY 27,2021 - REPORT OF VOTING RESULTS |
||||||
RESOLUTION |
FOR |
|
WITHHELD |
|
RESULT |
|
Appointment of Deloitte LLP, Canada as Auditors of the Corporation for the ensuing year and authorizing the Directors to fix their remuneration |
22,112,084 |
|
200 |
|
Approved (99.999%) |
|
Election of the following directors: |
||||||
Earl Ludlow |
22,095,962 |
|
7,311 |
|
Elected (99.97%) |
|
Judy Cotte |
22,103,273 |
|
0 |
|
Elected (100%) |
|
David Bronicheski |
22,103,123 |
|
150 |
|
Elected (99.999%) |
|
Anna El Erian |
21,902,429 |
|
200,844 |
|
Elected (99.09%) |
|
André Gaumond |
22,103,123 |
|
150 |
|
Elected (99.999%) |
|
About ARR
ARR is a recently formed renewable energy company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators. The Company combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.
Flora Wood
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Tel: 1.877.576.2209
Direct: 1.416.346.9020
Ben Lewis
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NEW YORK--(BUSINESS WIRE)--Climate Change Crisis Real Impact I Acquisition Corporation (NYSE: CLII) (“CRIS”), a publicly-traded special purpose acquisition company, announced today that CRIS’s definitive proxy statement (“Proxy Statement”) relating to the previously announced business combination with EVgo HoldCo, LLC (“EVgo”), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, has been filed with the U.S. Securities and Exchange Commission on May 27, 2021.
CRIS has commenced mailing of the Proxy Statement which contains a notice and voting instruction form or a proxy card relating to the special meeting of the CRIS stockholders (the “Special Meeting”) to CRIS stockholders of record as of the close of business on May 19, 2021.
The Special Meeting to approve the pending business combination is scheduled to be held on June 29, 2021 at 10:00 a.m. Eastern Time. The Special Meeting will be conducted completely virtually, and can be accessed via live webcast at https://www.cstproxy.com/climatechangecrisisrealimpacti/2021. If the proposals at the Special Meeting are approved, the parties anticipate that the business combination will close shortly thereafter, subject to the satisfaction or waiver, as applicable, of all other closing conditions.
Every stockholder's vote is important, regardless of the number of shares held. Accordingly, CRIS requests that each stockholder complete, sign, date and return a proxy card (online or by mail) as soon as possible and by no later than 10:00 a.m. Eastern Time on June 29, 2021, to ensure that the stockholder's shares will be represented at the Special Meeting. Stockholders which hold shares in “street name” (i.e. those stockholders whose shares are held of record by a broker, bank or other nominee) should contact their broker, bank or nominee to ensure that their shares are voted.
If any individual CRIS stockholder has not received the Proxy Statement, such stockholder should (i) confirm his or her Proxy Statement’s status with his or her broker or (ii) contact Morrow Sodali LLC, CRIS's proxy solicitor, for assistance via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. or toll-free call at (800) 662-5200. Banks and brokers can place a collect call to Morrow Sodali at (203) 658-9400.
CRIS expects to provide stockholders with additional information on how stockholders may vote their shares held in “street name” on its website in the coming days, and CRIS expects to publish a subsequent press release once the website is live.
Important Information and Where to Find It
In connection with the proposed business combination between EVgo and CRIS and related transactions (the “Proposed Transactions”), CRIS has filed the Proxy Statement with the SEC, which was distributed to holders of CRIS’s common stock in connection with CRIS’s solicitation of proxies for the vote by CRIS’s stockholders with respect to the Proposed Transactions and other matters as described in the Proxy Statement. Investors and security holders and other interested parties are urged to read the Proxy Statement, and any amendments thereto and any other documents filed with the SEC carefully and in their entirety because they contain important information about CRIS, EVgo and the Proposed Transactions. Investors and security holders may obtain free copies of the Proxy Statement and other documents filed with the SEC by CRIS through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: Climate Change Crisis Real Impact I Acquisition Corporation, 300 Carnegie Center, Suite 150, Princeton, New Jersey 08540. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.
Participants in the Solicitation
CRIS and EVgo and their respective directors and certain of their respective executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the Proposed Transactions. Information about the directors and executive officers of CRIS and EVgo is set forth in the Proxy Statement. Stockholders, potential investors and other interested persons should read the Proxy Statement carefully before making any voting or investment decisions. These documents can be obtained free of charge from the sources indicated above.
Forward Looking Statements
Certain statements in this press release that are not historical facts may constitute forward-looking statements are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements, other than statements of present or historical fact included in this press release, regarding CRIS’s proposed business combination with EVgo, CRIS’s ability to consummate the transaction, the benefits of the transaction and the combined company’s future financial performance, as well as the combined company’s strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the respective management of CRIS and EVgo and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of CRIS or EVgo. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the business combination, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the business combination or that the approval of the stockholders of CRIS or EVgo is not obtained; failure to realize the anticipated benefits of business combination; risk relating to the uncertainty of the projected financial information with respect to EVgo; the amount of redemption requests made by CRIS’s stockholders; the overall level of consumer demand for EVgo’s products; general economic conditions and other factors affecting consumer confidence, preferences, and behavior; disruption and volatility in the global currency, capital, and credit markets; the financial strength of EVgo’s customers; EVgo’s ability to implement its business strategy; changes in governmental regulation, EVgo’s exposure to litigation claims and other loss contingencies; disruptions and other impacts to EVgo’s business, as a result of the COVID-19 pandemic and government actions and restrictive measures implemented in response; stability of EVgo’s suppliers, as well as consumer demand for its products, in light of disease epidemics and health-related concerns such as the COVID-19 pandemic; the impact that global climate change trends may have on EVgo and its suppliers and customers; EVgo’s ability to protect patents, trademarks and other intellectual property rights; any breaches of, or interruptions in, CRIS’s information systems; fluctuations in the price, availability and quality of electricity and other raw materials and contracted products as well as foreign currency fluctuations; changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks. More information on potential factors that could affect CRIS’s or EVgo’s financial results is included from time to time in CRIS’s public reports filed with the SEC, as well as the Proxy Statement that CRIS has filed with the SEC in connection with CRIS’s solicitation of proxies for the meeting of stockholders to be held to approve, among other things, the proposed business combination. If any of these risks materialize or CRIS’s or EVgo’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither CRIS nor EVgo presently know, or that CRIS and EVgo currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect CRIS’s and EVgo’s expectations, plans or forecasts of future events and views as of the date of this press release. CRIS and EVgo anticipate that subsequent events and developments will cause their assessments to change. However, while CRIS and EVgo may elect to update these forward-looking statements at some point in the future, CRIS and EVgo specifically disclaim any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing CRIS’s or EVgo’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.
About CRIS
CRIS is a special-purpose acquisition company (“SPAC”) formed to identify and acquire a scalable company making significant contributions to the fight against the climate crisis. CRIS is co-sponsored by private funds affiliated with Pacific Investment Management Company LLC (“PIMCO”), which has more than $640 billion in sustainability investments across its portfolios. CRIS is led by a seasoned operations and leadership team that has decades of experience at the intersection of climate change and capitalism, and includes veterans from NRG, Credit Suisse, General Electric and Green Mountain Power. For more information, please visit www.climaterealimpactsolutions.com/.
About EVgo
EVgo is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s charging network serves over 65 metropolitan areas across 34 states, owns and operates the most public fast charging locations in the US. and serves more than 250,000 customers. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet. EVgo’s parent company is LS Power, a New York-headquartered development, investment and operating company focused on leading edge solutions for the North American power and energy infrastructure sector. On January 22, 2021, EVgo announced that it entered into a definitive business combination agreement with CRIS (NYSE: CLII). For more information visit evgo.com and lspower.com.
CRIS
For Investors:
Dan Gross
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For Media:
Isaac Steinmetz
Director of Media Relations
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646-883-3655
EVgo
For Investors:
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LS Power
Steven Arabia
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609-212-3857
HOUSTON--(BUSINESS WIRE)--Regulatory News:
As part of its ongoing commitment to debt reduction, Schlumberger Limited (“Schlumberger”) today announced that Schlumberger Investment SA, an indirect wholly-owned subsidiary of Schlumberger (“SISA”), will redeem notes with an outstanding aggregate principal amount of $664,776,000. This redemption is for the entire outstanding principal amount of SISA’s 3.300% Senior Notes due 2021 (CUSIP Nos. 806854AB1 / L81445AB1; and ISIN Nos. US806854AB12 / USL81445AB10) (the “Notes”). The redemption date for the Notes is June 28, 2021 (the “Redemption Date”).
The Notes will be redeemed on the Redemption Date at a redemption price for the Notes equal to (a) 100% of the aggregate principal amount being redeemed, plus (b) accrued and unpaid interest on the Notes from the last interest payment date to, but excluding, the Redemption Date. On and after the Redemption Date, the Notes will cease to be outstanding and interest will cease to accrue on the Notes.
Notices of redemption are being sent by the trustee for the Notes to all currently registered holders of the Notes.
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, Schlumberger collaborates to create technology that unlocks access to energy for the benefit of all.
Find out more at www.slb.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the federal securities laws — that is, statements about the future, not about past, events. Such statements often contain words such as “expect,” “may,” “believe,” “plan,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “see,” “likely” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as statements regarding the terms and timing of the redemption of the Notes. Neither Schlumberger nor SISA can give any assurance that such statements will prove correct. These statements are subject to, among other things, the risks and uncertainties detailed in Schlumberger’s most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the Securities and Exchange Commission. Actual outcomes may vary materially from those reflected in Schlumberger’s forward-looking statements. The forward-looking statements speak only as of the date of this press release, and Schlumberger and SISA disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Office +1 (713) 375-3535
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OMAHA, Neb.--(BUSINESS WIRE)--Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today announced that Stephen G. Kaniewski, President and Chief Executive Officer and Avner M. Applbaum, Executive Vice President and Chief Financial Officer will participate in two virtual investor conferences in June.
The Company will also host one-on-one calls with investors throughout each day.
Live webcasts of each presentation will be available at investors.valmont.com by clicking on the Events and Presentations link. A replay of the webcasts will be available on the Company’s website for the next 90 days.
About Valmont Industries, Inc.
Valmont® is a global leader, designing and manufacturing highly engineered products and services that support global infrastructure development and agricultural productivity. Its irrigation equipment and services for large-scale agriculture improve farm productivity while conserving fresh water resources. Its products for infrastructure serve highway, transportation, wireless communication, electric transmission, and industrial construction and energy markets. In addition, Valmont provides coatings services that protect against corrosion and improve the service life of steel and other metal products. For more information, visit valmont.com.
Renee Campbell
+1 402.963.1057
Inaugural Kansas filing mirrors Missouri as energy company moves toward goal of net-zero carbon emissions.
KANSAS CITY, Mo.--(BUSINESS WIRE)--Today, Evergy filed its first Integrated Resource Plan (IRP) with the Kansas Corporation Commission. The plan prioritizes sustainability, reliability and cost competitiveness with retirement of 1,200 megawatts of coal-based fossil generation and the addition of 3,200 MW of renewable generation in the next 10 years.
“We’re on a journey to a cleaner energy future, while balancing the highest priorities of reliability and affordability for our customers,” said David Campbell, president and chief executive officer. “Our coal-fired fossil plants are now more flexible than ever and frequently operate as a backup to renewable generation sources. This flexibility allows us to adapt to real-time needs – running fossil plants more when renewable availability is low or customer demand is high. This measured transition toward more sustainable resource options maintains the reliability our customers need.”
The filing includes the same forecasted generation additions and retirements announced in April when Evergy filed its IRP with the Missouri Public Service Commission. The transition toward more sustainable energy sources advances Evergy’s goal to reduce carbon emissions 70 percent by 2030 (relative to 2005 levels) and achieve net-zero carbon emissions by 2045, assuming technology, regulatory, and legislative enablers have advanced to facilitate this goal. Within the next three years, the company will retire its Lawrence (KS) Energy Center and add 700 MW of solar energy.
Continuing recent trends, Evergy expects its coal plants will run fewer hours as their energy is increasingly displaced by lower cost renewable resources. At the same time, the reliability challenges driven by the extreme weather of February 2021 demonstrated the value of dispatchable generation with fuel on the ground. The phased transition approach in the IRP provides Evergy the ability to adjust planned additions and retirements based on evolving market, technology, and policy dynamics. As the company’s older fossil-fueled plants near the end of their useful lives, Evergy will continue to responsibly manage these assets for the benefit of customers while allowing advancing and emerging technology to develop. Evergy will also continue its focus on people, offering opportunities for employees at retiring generation facilities to learn new skills and fill different roles at the company.
Today’s IRP is a triennial filing that establishes a clear implementation plan through the next triennial filing in 2024 and describes expectations for meeting longer-term customer energy needs through 2040. The Plan was developed through an extensive regulatory stakeholder process to meet the diverse needs of the company’s customers and communities. The IRP is central to Evergy’s Sustainability Transformation Plan (STP), the company’s strategic plan guiding decisions through 2024, and continues the company’s transition toward a more sustainable energy company. Click here to read Evergy’s 2021 IRP Overview and here to learn more about Evergy’s energy mix.
About Evergy, Inc.
Evergy, Inc. (NYSE: EVRG) serves approximately 1.6 million customers in Kansas and Missouri. We generate nearly half the power we provide to homes and businesses with emission-free sources. We support our local communities where we live and work and strive to meet the needs of customers through energy savings and innovative solutions.
Forward Looking Statements
Statements made in this release that are not based on historical facts are forward-looking, may involve risks and uncertainties, and are intended to be as of the date when made. Forward-looking statements include, but are not limited to, statements relating to Evergy’s strategic plan, including, without limitation, those related to earnings per share, dividend, operating and maintenance expense and capital investment goals; the outcome of legislative efforts and regulatory and legal proceedings; future energy demand; future power prices; plans with respect to existing and potential future generation resources; the availability and cost of generation resources and energy storage; target emissions reductions; and other matters relating to expected financial performance or affecting future operations. Forward-looking statements are often accompanied by forward-looking words such as “anticipates,” “believes,” “expects,” “estimates,” “forecasts,” “should,” “could,” “may,” “seeks,” “intends,” “proposed,” “projects,” “planned,” “target,” “outlook,” “remain confident,” “goal,” “will” or other words of similar meaning. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from the forward-looking information.
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc. (collectively, the Evergy Companies) are providing a number of risks, uncertainties and other factors that could cause actual results to differ from the forward-looking information. These risks, uncertainties and other factors include, but are not limited to: economic and weather conditions and any impact on sales, prices and costs; changes in business strategy or operations; the impact of federal, state and local political, legislative, judicial and regulatory actions or developments, including deregulation, re-regulation, securitization and restructuring of the electric utility industry; decisions of regulators regarding, among other things, customer rates and the prudency of operational decisions such as capital expenditures and asset retirements; changes in applicable laws, regulations, rules, principles or practices, or the interpretations thereof, governing tax, accounting and environmental matters, including air and water quality and waste management and disposal; the impact of climate change, including increased frequency and severity of significant weather events and the extent to which counterparties are willing to do business with, finance the operations of or purchase energy from the Evergy Companies due to the fact that the Evergy Companies operate coal-fired generation; prices and availability of electricity in wholesale markets; market perception of the energy industry and the Evergy Companies; the impact of the Coronavirus (COVID-19) pandemic on, among other things, sales, results of operations, financial condition, liquidity and cash flows, and also on operational issues, such as the availability and ability of Evergy Companies’ employees and suppliers to perform the functions that are necessary to operate the Evergy Companies; changes in the energy trading markets in which the Evergy Companies participate, including retroactive repricing of transactions by regional transmission organizations (RTO) and independent system operators; financial market conditions and performance, including changes in interest rates and credit spreads and in availability and cost of capital and the effects on derivatives and hedges, nuclear decommissioning trust and pension plan assets and costs; impairments of long-lived assets or goodwill; credit ratings; inflation rates; the transition to a replacement for the London Interbank Offered Rate (LIBOR) benchmark interest rate; effectiveness of risk management policies and procedures and the ability of counterparties to satisfy their contractual commitments; impact of physical and cybersecurity breaches, criminal activity, terrorist attacks and other disruptions to the Evergy Companies’ facilities or information technology infrastructure or the facilities and infrastructure of third-party service providers on which the Evergy Companies rely; ability to carry out marketing and sales plans; cost, availability, quality and timely provision of equipment, supplies, labor and fuel; ability to achieve generation goals and the occurrence and duration of planned and unplanned generation outages; delays and cost increases of generation, transmission, distribution or other projects; the Evergy Companies’ ability to manage their transmission and distribution development plans and transmission joint ventures; the inherent risks associated with the ownership and operation of a nuclear facility, including environmental, health, safety, regulatory and financial risks; workforce risks, including those related to the Evergy Companies’ ability to attract and retain qualified personnel, maintain satisfactory relationships with their labor unions and manage costs of, or changes in, retirement, health care and other benefits; disruption, costs and uncertainties caused by or related to the actions of individuals or entities, such as activist shareholders or special interest groups, that seek to influence Evergy’s strategic plan, financial results or operations; the possibility that strategic initiatives, including mergers, acquisitions and divestitures, and long-term financial plans, may not create the value that they are expected to achieve in a timely manner or at all; difficulties in maintaining relationships with customers, employees, regulators or suppliers; and other risks and uncertainties.
This list of factors is not all-inclusive because it is not possible to predict all factors. Additional risks and uncertainties are discussed from time to time in current, quarterly and annual reports filed by the Evergy Companies with the Securities and Exchange Commission (SEC). Reports filed by the Evergy Companies with the SEC should also be read for more information regarding risk factors. Each forward-looking statement speaks only as of the date of the particular statement. The Evergy Companies undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Media Contact:
Gina Penzig
Manager, External Communications
Phone: 785.508.2410
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Media line: 888-613-0003
Investor Contact:
Cody VandeVelde
Director, Investor Relations
Phone: 785-575-8227
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SAN FRANCISCO--(BUSINESS WIRE)--As part of its commitment to enhance focus on safety, security, and operational performance, PG&E today announced the appointment of five Regional Vice Presidents and the appointment of Jerry L. Davis as Vice President and Chief Information Security Officer.
Regional Vice Presidents
The announcement of the regional leaders marks a milestone in PG&E's plan to move to a regional service model, as outlined in its Chapter 11 Plan of Reorganization and its Updated Regionalization Proposal filed February 26, 2021, with the California Public Utilities Commission. PG&E had committed to appoint a regional leadership team by June 1, 2021.
"We have assembled a strong and experienced group of leaders who will live and work in the communities they serve. This will position them to better understand and address the challenges unique to their regions. In doing so, they will have the full support of PG&E's executive leadership and the functional expertise of our 25,000 coworkers. I know they're eager to settle in and get to work, and I'm excited to welcome them to the team," said PG&E Corporation Chief Executive Officer Patti Poppe.
The Regional Vice Presidents are:
Teresa Alvarado, Vice President, South Bay & Central Coast Region: Ms. Alvarado has 20 years of executive experience in the energy and water sectors and has held civic leadership roles focused on environmental justice and equity. She currently chairs the California Water Commission, which provides a public forum for discussing water issues, advises the Director of the Department of Water Resources, and approves rules and regulations. Previously, she was Chief of Local Impact for the San Francisco Bay Area Planning & Urban Research Association, where she led a team responsible for implementing effective and equitable policy and planning solutions in San Francisco, San Jose, and Oakland. Before that, she was Deputy Administrative Officer for the Santa Clara Valley Water District. Earlier in her career, she served as the founding Executive Director of the Hispanic Foundation of Silicon Valley, and worked as a Charitable Contributions Program Manager and Government Relations Representative for PG&E.
Aaron J. Johnson, Vice President, Bay Area Region. Mr. Johnson has been with PG&E for 12 years, most recently as Vice President, Wildfire Safety & Public Engagement, with responsibility for improving operational practices and situational awareness to mitigate wildfire risk and leading strategic planning for rebuilding infrastructure damaged by wildfires. Previously, he was Vice President, Customer Energy Solutions, overseeing customer and clean energy programs, including customer and technology research; program design, launch and process improvement; and assessment and integration of third-party services markets. Earlier, he was Director, Renewable Energy Procurement, shaping policy and commercial strategy for wholesale procurement to meet ambitious renewable portfolio standard targets, and led solar and wind resource development. Before joining PG&E, he served the California Public Utilities Commission as a consumer advocate, policy advisor, and regulatory analyst.
Ronald P. Richardson, Vice President, North Coast Region: Mr. Richardson joined PG&E more than 20 years ago as a utility worker and apprentice lineman, and steadily progressed through a variety of leadership roles to his current position as Senior Director of Transmission Substation Maintenance & Construction. In this role, he held responsibility for the timely repair and maintenance of transmission and substation assets; supporting efforts to reduce wildfire risk and reducing the footprint of Public Safety Power Shutoffs; and driving the delivery of the Transmission Substation Maintenance & Construction workplan. Previously, Mr. Richardson was Director, North Coast, Field Operations region, which included Humboldt, Sonoma and North Bay. Throughout his career with PG&E, he has focused on field operations, overseeing service delivery, safety inspections, maintenance and construction work, and engaging with customers to resolve escalated issues.
Joshua M. Simes, Vice President, Central Valley Region: Mr. Simes comes to PG&E from Comcast, where he spent more than two decades in field operations leadership roles. Most recently, he held the position of Vice President, Field Operations, South Valley, California, where he was responsible for all field operational activity for Comcast’s South Valley Region and led a team of more than 300 members serving more than 800,000 video, internet, digital voice, home security and commercial customers. Mr. Simes initially joined Comcast as an installation technician and was subsequently promoted to a series of supervisory and leadership positions, including Field Operations Supervisor, Field Operations Manager, and Director of Field Operations. He has served as a member of the California Comcast Diversity and Inclusion Council and as an executive sponsor for the Young Professional Network.
Joe Wilson, Vice President, North Valley & Sierra Region: Mr. Wilson joined PG&E in 2012 and currently serves as Director, Community Rebuild and Resiliency Program. In this role, he has led financial planning, engineering, customer strategy, stakeholder engagement, and construction for the regional rebuilding program in Butte County, which was created in response to the impact of the Camp Fire in late 2018. Previously, he was the Regional Local Public Affairs Manager based in Sacramento, where he headed emergency response coordination with state and local agencies during wildfires, floods, and storms, and served as Liaison Officer during the North Bay, Carr, Camp Fire. He joined PG&E as a Senior Government Relations Representative in the Northern Sacramento Valley and Sierra Region after working with public utilities in Plumas County and Indian Valley. He has been active as a volunteer for civic and community organizations focused on employment, education, and economic development.
The Regional Vice Presidents will report to Marlene Santos, Executive Vice President and Chief Customer Officer, and will be accountable for delivering high-quality performance and for ensuring the safety, availability, and reliability of regional operations. These leaders will be based in their assigned regions, enabling them to stay closely connected with local customers, business organizations, local counties and cities, and other community groups and be responsive to their concerns. Each Regional Vice President will be supported by a local team that will include a Regional Safety Director charged with monitoring and improving safety performance across their assigned regions and partnering with functional leaders to ensure consistency across the company. All Regional Vice Presidents are scheduled to assume their new roles effective June 1, with the exception of Mr. Simes, who starts July 6.
To ensure a diverse slate of candidates for these new positions, PG&E performed a competitive national search, considering both internal and external candidates. The individuals selected were identified as the best qualified based on their skills, experiences, and leadership capabilities, including a deep understanding of utility operations and demonstrated success in building strong relationships with customers and communities.
Jerry L. Davis Joins PG&E as Vice President and Chief Information Security Officer
As Vice President and Chief Information Security Officer of the Utility, Mr. Davis will report to Ajay Waghray, PG&E's Senior Vice President and Chief Information Officer, effective June 7. In this position, he will lead a team responsible for overseeing and maintaining enterprise technology security to ensure that PG&E's technology assets are adequately protected.
Before joining PG&E, Mr. Davis founded Gryphon X, LLC, a technology risk advisory firm, where he counseled corporate clients on strategic cybersecurity problem solving and cybersecurity readiness and served as a retained expert witness on cybersecurity matters. Prior to establishing his consulting firm, Mr. Davis served for more than 20 years in executive-level roles in physical, personnel, and cyber security. He was Vice President and Global Chief Security Officer for a global semiconductor equipment manufacturing company and served as Chief Information Officer for the NASA Ames Research Center in Silicon Valley. Previously, Mr. Davis was the Chief Information Security Officer for the U.S. Department of Education; before that, he was the Deputy Assistant Security for Cybersecurity for the U.S. Department of Veterans Affairs.
"I am thrilled that Jerry is joining our team. Jerry is a proven leader in his field and brings a great depth of experience and technical expertise to this critical role. Under his leadership, we will enhance the security of our infrastructure and information systems and continue to build a world-class IT function," said Ms. Poppe.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
Media Relations
415.973.5930
DUBLIN--(BUSINESS WIRE)--The "Hexane - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Hexane estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2027, growing at a CAGR of 3.4% over the analysis period 2020-2027.
Extraction, one of the segments analyzed in the report, is projected to record a 3.5% CAGR and reach US$1.5 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 Polymerization segment is readjusted to a revised 3.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $539.6 Million, While China is Forecast to Grow at 5.5% CAGR
The Hexane market in the U.S. is estimated at US$539.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$495.4 Million by the year 2027 trailing a CAGR of 5.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.
Other Grades Segment to Record 2.9% CAGR
In the global Other Grades segment, USA, Canada, Japan, China and Europe will drive the 2.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$268.2 Million in the year 2020 will reach a projected size of US$323.6 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$326.4 Million by the year 2027, while Latin America will expand at a 3% CAGR through the analysis period.
Select Competitors (Total 45 Featured):
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/pg8je
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK--(BUSINESS WIRE)--Artius Acquisition Inc. (“Artius”) (Nasdaq: AACQU, AACQ, AACQW) announced today that the U.S. Securities and Exchange Commission (the “SEC”) has declared effective its Registration Statement on Form S-4 (as amended, the “Registration Statement”), filed in connection with the previously announced proposed business combination with Origin Materials, Inc. (“Origin Materials”).
An extraordinary general meeting of Artius shareholders to approve, among other things, the proposed business combination will be held at the offices of Cleary Gottlieb Steen & Hamilton LLP, located at One Liberty Plaza, New York, NY 10006 and in virtual format at https://www.cstproxy.com/artiusacquisition/sm2021 on June 23, 2021 at 10:00 a.m. Eastern Time. Artius also announced today that it has filed with the SEC a definitive proxy statement/prospectus relating to the extraordinary general meeting and expects to commence mailing to its shareholders of record as of the close of business on May 19, 2021 (the “Record Date”) on or about June 1, 2021.
“We are excited to reach this important step in the transaction process, and with the approval from Artius shareholders, look forward to successfully completing the proposed business combination with Origin Materials as the company scales its disruptive platform technology and decarbonizes the materials industry supply chain,” said Boon Sim, Co-Founder and Chief Executive Officer of Artius.
Rich Riley, Co-Chief Executive Officer of Origin Materials added, “Our mission is to provide carbon-negative material solutions in a world fast transitioning to net zero carbon. We have made significant commercial progress since announcing the transaction with Artius, entering new markets and geographies, with our customer demand nearly doubling to $1.9 billion, comprised of offtake agreements (including customer options) and capacity reservations. With the capital raised, we expect to scale up to begin to meet the estimated $1 trillion addressable market that is at the early stages of transitioning from petroleum feedstocks to non-food, renewable feedstocks.”
Artius Shareholder Vote
Shareholders who own shares of Artius as of the Record Date should submit their vote promptly and no later than 11:59 p.m. Eastern Time on June 22, 2021. Artius shareholders who need assistance in completing the proxy card, need additional copies of the proxy materials, or have questions regarding the extraordinary general meeting may contact Artius’s proxy solicitor, Morrow Sodali LLC, by telephone at (800) 662-5200 or (203) 658-9400 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
The proxy statement/prospectus is also available on Artius’s website at https://www.cstproxy.com/artiusacquisition/sm2021/smproxy, as well as www.sec.gov. Artius shareholders are encouraged to read the definitive proxy statement/prospectus as it contains important information about the proposed transaction, including, among other things, the reasons for Artius’s board of directors’ unanimous recommendation that the shareholders of Artius vote “FOR” the proposed business combination and the other shareholder proposals set forth in the proxy statement/prospectus as well as the background of the process that led to the proposed business combination with Origin Materials. The proposed business combination is expected to close on or about June 24, 2021, subject to receipt of Artius shareholder approval and satisfaction of other customary closing conditions. Following completion of the proposed business combination, Origin Materials will retain its experienced management team. John Bissell and Rich Riley will continue to serve as Co-CEOs and Nate Whaley will continue to serve as CFO. Kathleen B. Fish, former Chief Research, Development and Innovation Officer of Procter & Gamble, Benno O. Dorer, former CEO and Chairman of the Clorox Company, and Pia Heidenmark Cook, Chief Sustainability Officer at Ingka Group (IKEA), will join John Bissell, Rich Riley, Boon Sim, Charles Drucker, Karen Richardson, and William Harvey on Origin Materials’ board of directors.
About Origin Materials
Headquartered in West Sacramento, Origin Materials is the world’s leading carbon negative materials company. Origin Materials’ mission is to enable the world’s transition to sustainable materials. Over the past 10 years, Origin Materials has developed a platform for turning the carbon found in non-food biomass into useful materials, while capturing carbon in the process. Origin Materials’ patented drop-in core technology, economics and carbon impact are supported by a growing list of major global customers and investors. Origin Materials’ first commercial plant is expected to be operational by the end of 2022 with a second commercial plant expected to be operational in 2025 and plans for additional expansion over the next decade.
About Artius Acquisition Corp.
Artius is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Artius was co-founded by Charles Drucker, the former CEO of WorldPay, Inc., a leading payments company, and its predecessor company, Vantiv. Inc., and Boon Sim, the Founder and Managing Partner of Artius Capital Partners LLC. For more information, visit https://www.artiuscapital.com/acquisition.
Additional Information About the Proposed Business Combination and Where to Find It
In connection with the proposed business combination transaction, Artius filed the Registration Statement, which includes a proxy statement to be distributed to holders of Artius’s ordinary shares in connection with Artius’s solicitation of proxies for the vote by Artius’s shareholders with respect to the proposed transaction and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of securities to be issued to Artius’s shareholders and Origin Materials’ stockholders in connection with the proposed transaction. Investors and security holders and other interested parties are urged to read the proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC carefully and in their entirety when they become available because they will contain important information about Artius, Origin Materials and the proposed transaction. The documents relating to the proposed transaction can be obtained free of charge from the SEC’s website at www.sec.gov. Free copies of these documents may also be obtained from Artius by directing a request to: Artius Management LLC, 3 Columbus Circle, Suite 2215, New York, New York 10019.
Cautionary Note on Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws, including with respect to the proposed transaction between Origin Materials and Artius. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Origin Materials’ business strategy, estimated total addressable market, commercial and operating plans, product development plans and projected financial information. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the management of Origin Materials and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Origin Materials and Artius. These forward-looking statements are subject to a number of risks and uncertainties, including that Origin Materials may be unable to successfully commercialize its products; the effects of competition on Origin Materials’ business; the uncertainty of the projected financial information with respect to Origin Materials; disruptions and other impacts to Origin Materials’ business as a result of the COVID-19 pandemic and other global health or economic crises; changes in customer demand; Origin Materials and Artius may be unable to successfully or timely consummate the proposed business combination, including the risk that any regulatory approvals may not obtained, may be delayed or may be subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the business combination, or that the approval of the shareholders of Artius or stockholders of Origin Materials may not be obtained; failure to realize the anticipated benefits of the business combination; the amount of redemption requests made by Artius’s shareholders, and those factors discussed in the Registration Statement under the heading “Risk Factors,” and other documents Artius has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Artius and Origin Materials presently do not know, or that Artius and Origin Materials currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Artius’s and Origin Materials’ expectations, plans, or forecasts of future events and views as of the date of this press release. Artius and Origin Materials anticipate that subsequent events and developments will cause its assessments to change. However, while Artius and Origin Materials may elect to update these forward-looking statements at some point in the future, Artius and Origin Materials specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Artius’s and Origin Materials’ assessments of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Participants in the Solicitation
Artius, Origin Materials and their respective directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies from Artius’s shareholders in connection with the proposed business combination. Information about Artius’s directors and executive officers and their ownership of Artius’s securities is set forth in the Registration Statement described above. Additional information regarding the interests of those persons who may be deemed participants in the solicitation of proxies in connection with the proposed transaction is set forth in the definitive proxy statement/prospectus.
For Origin Materials
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Customers Should Recreate Safely to Reduce Wildfire Risk and Create Defensible Space Around Their Property to Help Halt the Progress of an Approaching Wildfire
SAN FRANCISCO--(BUSINESS WIRE)--For many people, Memorial Day weekend marks the unofficial start of summer. It’s the weekend when people start cleaning up their yards, head out for the first camping or boating trip of the summer and break out grills for barbecuing. With high wildfire danger persisting in many parts of the state due to warm, dry conditions, customers are encouraged to recreate safely and create defensible space around their property to stop the spread of wildfires.
“With the start of summer, our customers are spending more time outdoors and getting ready for family fun. Making sure you are prepared and keep safety at the forefront whether you are traveling or enjoying time at home is very important,” said Marlene Santos, Executive Vice President and Chief Customer Officer at PG&E. “Our message is simple: Have fun and be safe.”
For people enjoying time outdoors, PG&E offers the following tips to play safe on Memorial Day weekend:
If customers decide to stay home for the three-day weekend and avoid the crowds, now is a good time to think about protecting your home from wildfire.
California law requires homeowners to maintain 100 feet of defensible space around homes and structures, or to the property line, by clearing out flammable materials such as brush or vegetation to help halt the progress of an approaching wildfire. This defensible space also provides for firefighter safety while they protect homes during a wildfire.
According to the Fire Safe Council of Santa Cruz County, creating a buffer around your home does not mean you need a ring of bare dirt surrounding your property. With proper planning, you can have a fire safe home and a beautiful landscape. The general concept is that trees should be kept farthest from the house, shrubs can be closer, and lawns and bedding plants can be the closest.
Here are some steps you can take to reduce wildfire risk on your property:
For more preparedness resources, visit PG&E’s Safety Action Center, which provides information to help customers keep their families, homes, and businesses safe during natural disasters and other emergencies. The site includes tips on how to create a personalized emergency plan, what to pack in an emergency supply kit, and how to prepare in advance for power outages and Public Safety Power Shutoff events. To learn more, visit safetyactioncenter.pge.com.
Public Safety Power Shutoff (PSPS) Preparedness and Resources
During severe weather, PG&E may need to turn off power for public safety as high winds can cause tree branches or debris to contact energized electric lines, which could damage electrical equipment and cause a major wildfire.
It is important that all customer contact information is up to date so customers can receive important wildfire safety alerts, outage updates and information through channels such as social media, local news, radio and the pge.com website.
Extreme weather threats can change quickly. PG&E's goal, dependent on weather and other factors, is to send customer alerts through automated calls, texts, and emails at 48 hours, again at 24 hours, and once more just prior to shutting off power.
Besides updating their contact information to prepare for Public Safety Power Shutoffs (PSPS), PG&E encourages customers to do the following:
To continue to support customers before, during and after PSPS events, PG&E is:
Additional Support for Customers with Medical and Independent Living Needs
To further support customers in the access and functional needs (AFN) population, PG&E is providing additional resources including:
Continuing to Build a Safer System
We are continuing to make our system safer and more resilient to reduce PSPS events for our customers and communities. There is no single solution to wildfire safety, which is why we are continuing to evolve and improve all our wildfire safety programs including:
Online Customer Resources
Site Links |
Program Description |
For information about PG&E’s Community Wildfire Safety Program |
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Live weather information, a 7-day PSPS
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Information on keeping your family, home and business safe during a PSPS |
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Information on backup power options, safety tips, financing options, a marketplace to search major backup power retailers and more |
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Learn more about PG&E’s Medical Baseline Program for those who rely on power for medical devices |
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Sign up for Address Alerts to receive PSPS notifications for any address important to you outside of your billing address |
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
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HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) will host a conference call on Tuesday, July 20, 2021, to discuss its second quarter 2021 financial results. The call will begin at 8:00 AM Central Time (9:00 AM Eastern Time).
The Company will issue a press release regarding the second quarter 2021 earnings prior to the conference call. The press release will be posted on the Halliburton website at www.halliburton.com.
Please visit the website to listen to the call via live webcast. You may also participate in the call by dialing (844) 358-9181 within North America or +1 (478) 219-0188 outside of North America. A passcode is not required. Attendees should log in to the webcast or dial in approximately 15 minutes prior to the start of the call.
A replay of the conference call will be available on Halliburton’s website until July 27, 2021. Also, a replay may be accessed by telephone at (855) 859-2056 within North America or +1 (404) 537-3406 outside of North America, using the passcode 9429544.
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 130 nationalities in more than 70 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.
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