Business Wire News

Approximately 8,500 customers who would have been affected by the Public Safety Power Shutoff are receiving notifications this morning that their power won’t be turned off

SAN FRANCISCO--(BUSINESS WIRE)--Based on more favorable weather conditions, Pacific Gas and Electric Company (PG&E) will be notifying customers this morning that it will not be initiating a Public Safety Power Shutoff (PSPS) today.

PG&E anticipated the need to turn off power overnight to approximately 8,500 customers in portions of Fresno, Madera, Mariposa, Tulare and Tuolumne counties.

After monitoring weather conditions throughout the night, the company’s Emergency Operations Center determined that conditions would not warrant initiating a PSPS.

PG&E monitors for the combination of strong winds coupled with dry air and dry fuel conditions when considering whether to call a PSPS. During the overnight hours, winds didn’t strengthen in the lower elevations and relative humidity observations did not reach critical values.

Ultimately, the decision was made to cancel the PSPS. Customers will receive notifications shortly that their power will not be turned off.

The scope of this potential event has decreased steadily through the weekend. PG&E sent notifications to about 130,000 customers in 16 counties on Friday evening that the company was monitoring a forecast of severe weather. By Saturday, the number of customers potentially affected by this PSPS had been reduced to 92,000, and on Sunday, the number decreased further to about 8,500 customers.

PG&E appreciates the patience of our customers. A PSPS is only initiated as a last resort for public safety. Customers are strongly encouraged to update their contact information and indicate their preferred language for notifications by visiting www.pge.com/mywildfirealerts or by calling 1-800-743-5000, where in-language support is available.

About PG&E

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


Contacts

Media Relations:
415-973-5930

Shape strategic responses through the phases of industry recovery

Abtonsmart Chemicals (Group) Co. Ltd., Ashland Global Holdings Inc., and BASF SE will emerge as major n-methyl-2-pyrrolidone market participants during 2020-2024

LONDON--(BUSINESS WIRE)--#GlobalNMethyl2PyrrolidoneMarket--The n-methyl-2-pyrrolidone market is expected to grow by USD 388.99 million during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the n-methyl-2-pyrrolidone market in optimistic, probable, and pessimistic forecast scenarios.



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The n-methyl-2-pyrrolidone market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

This post-pandemic business planning research will aid clients to:

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Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Related Report on Materials Industries:

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Global Nanocoatings Market - Global nanocoatings market is segmented by type (antimicrobial, anti-fingerprint, anti-fouling, self-cleaning, and easy-to-clean) and geography (North America, APAC, Europe, MEA, and South America). Click Here to Get an Exclusive Free Sample Report

Major Three N-Methyl-2-Pyrrolidone Market Participants:

Abtonsmart Chemicals (Group) Co. Ltd.

Abtonsmart Chemicals (Group) Co. Ltd. operates its business through the Unified segment. The company produces N-Methyl-2-Pyrrolidone, a high boiling, polar aprotic, and low viscosity liquid. The product produced by the company finds many applications in pharmaceuticals, agrochemicals, industrial and household cleaning, electronics, paints and coatings, polyurethane coatings, synthetic leather, and petrochemical processing industries.

Ashland Global Holdings Inc.

Ashland Global Holdings Inc. operates its business through segments such as Specialty Ingredients and Intermediates and Solvents. The company offers products such as Pharmasolve NMP, M-Pyrol solvent, and Micropure EG solvent for various industrial applications.

BASF SE

BASF SE operates its business through segments such as Agricultural Solutions and Others. The company offers products such as N-Methylpyrrolidone and N-Methylpyrrolidone Life Science for various industrial applications.

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N-Methyl-2-Pyrrolidone Market 2020-2024: Segmentation

N-methyl-2-pyrrolidone market is segmented as below:

  • Application
    • Oil And Gas
    • Pharmaceuticals
    • Electronics
    • Paints And Coatings
    • Others
  • Geography
    • APAC
    • Europe
    • North America
    • MEA
    • South America

       

The n-methyl-2-pyrrolidone market is driven by high demand from APAC. In addition, other factors such as the adoption of the green pathway for producing N-methyl-2-pyrrolidone are expected to trigger the n-methyl-2-pyrrolidone market toward witnessing a CAGR of over 5% during the forecast period.

Get more insights about the global trends impacting the future of the n-methyl-2-pyrrolidone market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR44246

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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Based on performance in areas of environmental, social and corporate governance

WALL, N.J.--(BUSINESS WIRE)--For the second consecutive year, New Jersey Resources (NYSE: NJR) has been named one of America’s Most Responsible Companies by Newsweek in recognition of its excellence and accomplishments in corporate social responsibility.


NJR was selected from a cross-industry pool of over 2,000 companies that were evaluated and ranked based on a detailed analysis of key performance indicators in three areas of corporate social responsibility: environmental, social and corporate governance.

“This is a great acknowledgement of our company’s commitment to sustainable practices for the environment, our employees and the communities we serve,” said Steve Westhoven, president and CEO of New Jersey Resources. “NJR continues to be a leader in reducing emissions, promoting diversity, equity and inclusion, and supporting communities through our corporate citizenship and volunteerism efforts. It’s an honor to be recognized for our commitment to these values.”

Environmental stewardship and sustainability have long been priorities for NJR. Its regulated utility, New Jersey Natural Gas, has been a leader in reducing emissions – making infrastructure upgrades and investments to build the most environmentally sound delivery system in the state, as measured by leaks per mile – as well as helping customers reduce their energy consumption through its energy-efficiency initiatives. NJR’s renewable energy subsidiary, Clean Energy Ventures, was one of the earliest investors in New Jersey’s solar market; and today, it is one of the largest, with over $1 billion invested in solar projects across all the state’s 21 counties.

To learn more about NJR’s leadership and commitment to sustainability, please visit www.njrsustainability.com.

America’s Most Responsible Companies 2021 is a project of Newsweek in partnership with Statista. For more information on the rankings and methodology for selection, please visit www.newsweek.com/americas-most-responsible-companies-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:

  • New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains over 7,500 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex and Burlington counties.
  • Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of more than 350 megawatts, providing residential and commercial customers with low-carbon solutions.
  • Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
  • Storage & Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline Project, as well as our 50 percent equity ownership in the Steckman Ridge natural gas storage facility, and our 20 percent equity interest in the PennEast Pipeline Project.
  • Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its more than 1,100 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.

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Approximately 92,000 customers who might be affected by the Public Safety Power Shutoff are receiving a second notification today, more than a day ahead of the potential event

Due to changing weather conditions, customers in Monterey and Sierra counties are no longer in scope

Late-season wind event proving unpredictable as updated forecast adds some counties and removes others from the PSPS scope

SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) has notified customers in targeted portions of 16 counties and two tribal communities about a potential Public Safety Power Shutoff (PSPS) starting early Monday morning (Dec. 7). Dry conditions combined with expected high wind gusts pose an increased risk for damage to the electric system that has the potential to ignite fires in areas with dry vegetation.

High fire-risk conditions are expected to arrive late Sunday evening with high winds forecast to continue early Monday morning, peaking in strength during the day Monday, and possibly lingering in some regions through early Tuesday. Once the strong winds subside, PG&E crews will patrol the de-energized lines to ensure they were not damaged during the severe weather. PG&E will safely restore power as quickly as possible, with the goal of restoring most customers within 12 daylight hours, pending weather conditions.

Although there is still uncertainty regarding the strength and timing of this wind event, the shutoff is forecasted to affect approximately 92,000 customers in targeted portions of 16 counties, including Alpine, Amador, Butte, Calaveras, El Dorado, Fresno, Kern, Lake, Napa, Nevada, Placer, Plumas, Sonoma, Tulare, Tuolumne, and Yuba, as well as two tribal communities.

The number of customers expected to be impacted by this upcoming PSPS event has decreased to 92,000 from the earlier 130,000 originally in scope. The decrease is due to changing weather conditions resulting in the removal of Monterey and Sierra counties. However, Butte, Kern and Plumas counties have now been added to the PSPS scope area; there are less than 100 customers expected to be impacted in these counties combined.

The highest probability areas for this PSPS are the Central Sierra and the North Bay. This is not expected to be a widespread event in the Bay Area at this time.

When extreme weather conditions are forecasted, PG&E considers proactively turning off power for safety, as such weather conditions increase the potential for damage and hazards to PG&E’s electric infrastructure, which could cause sparks if lines are energized. These conditions also increase the potential for rapid fire spread.

Potential Public Safety Power Shutoff: What Customers Should Know

The potential PSPS event is still more than 24 hours away. PG&E’s in-house meteorologists as well as staff in its Wildfire Safety Operation Center and Emergency Operation Center continue to monitor conditions closely, and additional customer notifications will be issued as we move closer to the potential event.

Customer notifications—via text, email and automated phone call—began late yesterday afternoon, approximately two days prior to the potential shutoff. Additional customer notifications will be issued as we move closer to the potential event. Customers enrolled in the company’s Medical Baseline program who do not verify that they have received these important safety communications will be individually visited by a PG&E employee with a knock on their door when possible. A primary focus will be given to customers who rely on electricity for critical life-sustaining equipment.

The new stay-at-home order, issued yesterday, exempts essential workers in critical infrastructure sectors, including energy; PG&E employees are allowed to continue providing services.

While PSPS is an important wildfire safety tool, we know that losing power is disruptive, especially for those with medical needs, customers working from home and students engaging in distance learning in response to novel coronavirus (COVID-19).

PSPS events are a last resort when the weather forecast is so severe that people’s safety, lives, homes and businesses may be in danger of significant wildfires.

Potentially Affected Customers

Here is a list of customers by county who could potentially be affected by this PSPS event.

  • Alpine County: 574 customers, 7 Medical Baseline customers
  • Amador County: 4,244 customers, 318 Medical Baseline customers
  • Butte County: 8,713 customers, 801 Medical Baseline customers
  • Calaveras County: 10,867 customers, 450 Medical Baseline customers
  • El Dorado County: 28,358 customers, 1,926 Medical Baseline customers
  • Fresno County: 466 customers, 16 Medical Baseline customers
  • Kern County: 5 customers, 0 Medical Baseline customers
  • Lake County: 24 customers, 0 Medical Baseline customers
  • Napa County: 2,378 customers, 104 Medical Baseline customers
  • Nevada County: 22,931 customers, 1,313 Medical Baseline customers
  • Placer County: 6,401 customers, 420 Medical Baseline customers
  • Plumas County: 344 customers, 20 Medical Baseline customers
  • Sonoma County: 66 customers, 1 Medical Baseline customers
  • Tulare County: 233 customers, 3 Medical Baseline customers
  • Tuolumne County: 5,173 customers, 232 Medical Baseline customers
  • Yuba County: 1,507 customers, 125 Medical Baseline customers
  • Total: 92,286 customers, 5,736 Medical Baseline customers

*The following Tribal Community counts are included within the County level detail above.

  • Enterprise Rancheria Tribal community: 1 customer, 0 Medical Baseline customers
  • Mooretown Rancheria Tribal community: 5 customers, 1 Medical Baseline customer

Customers can look up their address online to find out if their location is being monitored for the potential safety shutoff, and find the full list of affected counties, cities and communities, at www.pge.com/pspsupdates.

Outage and Backup Power Safety

Although backup power can be helpful during an outage, it also can pose safety hazards when not used correctly. Improper use can risk damage to your property, or endanger the lives of you, your family, or PG&E crews who may be working to restore power.

If you have a stand-by generator, make sure that it’s installed safely and inform PG&E to avoid risking damage to your property and endangering PG&E workers. Information on the safe installation of generators can be found on our website at www.pge.com/generator.

Community Resource Centers Reflect COVID-19 Safety Protocols

During PSPS events, PG&E opens temporary Community Resource Centers (CRCs) to support our customers. These CRCs are open to customers when power is out at their homes and provide ADA-accessible restrooms and hand-washing stations, medical-equipment charging, Wi-Fi, bottled water and non-perishable snacks. PG&E expects to begin opening CRCs on Monday morning if a PSPS is called.

In response to the COVID-19 pandemic, all CRCs follow important health and safety protocols including:

  • Facial coverings and maintaining a physical distance of at least six feet from those who are not part of the same household are required at all CRCs.
  • Temperature checks are administered before entering CRCs that are located indoors.
  • CRC staff are trained in COVID-19 precautions and regularly sanitize surfaces and use Plexiglass barriers at check-in.
  • All CRCs follow county and state requirements regarding COVID-19, including limits on the number of customers permitted indoors at any time.

In addition to using existing indoor facilities, PG&E’s CRCs include outdoor, open-air sites in some locations and large commercial vans in other locations. CRC format will depend on several factors, including input from local and tribal leaders. Supplies are handed out in grab-and-go bags at outdoor CRCs so most customers can be on their way quickly.

Here’s Where to Go to Learn More

  • PG&E’s emergency website (www.pge.com/pspsupdates) is now available in 15 languages: English, Spanish, Chinese, Tagalog, Russian, Vietnamese, Korean, Farsi, Arabic, Hmong, Khmer, Punjabi, Japanese, Hindi, Portuguese and Thai. Customers can choose their language preference for viewing the information when visiting the website.
  • Customers are strongly encouraged to update their contact information and indicate their preferred language for notifications by visiting www.pge.com/mywildfirealerts or by calling 1-800-743-5000, where in-language support is available.
    Tenants and non-account holders can sign up to receive PSPS Alerts for any address where they do not have a PG&E account by visiting www.pge.com/pspsalerts.
  • PG&E has launched a tool at its online Safety Action Center (www.safetyactioncenter.pge.com) to help customers prepare for emergencies. By using the "Make Your Own Emergency Plan" tool and answering a few short questions, customers can compile and organize the important information needed for a personalized family emergency plan.

About PG&E

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


Contacts

MEDIA RELATIONS:
415-973-5930

ROSEMEAD, Calif.--(BUSINESS WIRE)--To further enhance the region’s electric system reliability needs, Southern California Edison has signed long-term contracts for four projects totaling 590 megawatts of battery energy storage resources. The recently conducted solicitation and resulting contracts are in addition to the company’s May acquisition of 770 MWs of energy storage procurement, one of the country’s largest. These contracts increase SCE’s total amount of installed and procured battery storage capacity to approximately 2,050 MWs.


“Bringing more utility-scale battery storage resources online will improve the reliability of the grid and further the integration of renewable generation resources, like wind and solar, into the grid,” said William Walsh, SCE vice president of Energy Procurement & Management. “As California transitions to 100% clean renewable energy to reduce the greenhouse gas emissions that are driving climate change, battery storage will play a key role in harnessing the value of these cost-effective, carbon-free resources in a reliable manner.”

Three of the four projects are utility-scale projects totaling 585 MW and will take advantage of lithium-ion batteries that can store energy for use later.

The fourth project is a 5 MW demand response contract that will use energy from customer-owned energy storage. Economically impacted communities that suffer most from the effects of air pollution will provide 5% of the MWs for this project.

One of the many ways these flexible energy resources can be used is by capturing solar energy during the day and distributing the energy as the sun sets and energy use remains high. They can also be used to respond to the California Independent System Operator signals, high-demand events, heat waves or when the energy grid is strained.

The projects are expected to come online by August 2022 and 2023.

Company

Project Name

Size (MW)

Online Date

Recurrent Energy

Crimson

200

8/1/2022

174 Power Global / Hanwha Group

Eldorado Valley

60

8/1/2022

NextEra Energy

Desert Peak

325

8/1/2023

Sunrun

Behind-the-Meter Storage

5

8/1/2023

The procurement was part of a robust competitive process initiated by SCE last year.

As laid out in Pathway 2045, SCE estimates the state needs to add 30 GW of utility-scale storage to the grid and 10 GW of storage from distributed energy resources to meet the state’s clean energy and carbon neutrality goals. These new contracts will further help California meet these goals while providing additional grid reliability. They also help improve California’s economy by creating craft and skilled clean energy jobs while reducing GHG emissions.

The contracts will require California Public Utilities Commission approval and SCE expects to submit them for approval before the end of the year.

About Southern California Edison

An Edison International (NYSE: EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.


Contacts

Media Contact: Julia Roether, (626) 302-2255

 

NORTHFIELD, Mass.--(BUSINESS WIRE)--FirstLight Power today submitted its combined Amended Final License Application (AFLA) to federal regulators to extend the operating licenses for 50 years for its Cabot and Turners Falls hydroelectric generating stations on the Connecticut River and its Northfield Mountain energy storage facility. These facilities, which provide clean power and long-duration energy storage, will be important contributors to Massachusetts’ efforts to achieve its goal of reaching net-zero greenhouse gas emissions by 2050.


If approved by the Federal Energy Regulatory Commission (FERC), the new licenses will sustain more than 70 well-paying and union-represented jobs in Western Massachusetts and hundreds of millions of dollars in local property tax payments to Erving, Gill, Montague, and Northfield for another half-century. The new license also ensures continued generation of clean, renewable, locally produced hydropower to more than 1 million New England homes and businesses.

Based on findings from more than 40 detailed scientific studies and years of environmental reviews, FirstLight is committing to $130 million worth of new investments in protection, mitigation, and enhancement (PM&E) measures, foregoing approximately $100 million in energy revenue over the next 50 years by restricting hours of hydropower generation to protect wildlife and habitat, and upgrading recreational facilities in the region. These measures include:

  • $5.6 million in investments to improve recreational facilities on the Connecticut River, including four new access points and boat launches in Montague and Northfield
  • New upstream and downstream fish passage facilities and protective netting at the Northfield Mountain water intake to minimize impacts on fish and marine life from operations
  • Changes in hydropower operations protocols to improve fish migration and spawning and to improve general aquatic habitat for a multitude of plant and animal species
  • And ongoing management plans for protecting bald eagles, long-eared bats, and shortnose sturgeon, maintaining historical properties, and mitigating the spread of invasive species.

FirstLight CEO Alicia Barton said: “Northfield Mountain and our Cabot and Turners Falls facilities are delivering a significant portion of the zero-emissions clean power available to New England’s electric grid today, and they are poised to play an even more important role in the decades ahead as Massachusetts scales up renewable energy to achieve its ambitious goal of net-zero emissions by 2050. We are proud to be able to strengthen FirstLight’s longstanding environmental stewardship in the region and support environmental and species protection, preservation of clean energy jobs, and investment in the local economy, all while combating the existential threat of climate change.’’

FirstLight also acknowledged the contributions of the many stakeholders who provided valuable input into the process of developing the AFLA, including environmental and recreation organizations, tribal representatives, historical and cultural officials, and local, state, and federal agencies. “The engagement of these stakeholders has been an important part of the development of this application, and we look forward to continuing to work with them as the process advances,” said Barton.

The 1,168-megawatt Northfield Mountain pumped-storage facility, known as “New England’s biggest and greenest battery,” was originally completed in 1972 and can store enough power to serve 1 million homes for more than 7 hours every day. This makes Northfield Mountain both a critical resource for ensuring reliable power and an ideal backstop for large-scale wind and solar power to reduce regional greenhouse gas emissions. To bolster its value to the reliability of the New England electric grid and to the region’s carbon reduction goals, FirstLight is asking FERC to make permanent the allowed use of existing storage capability at Northfield Mountain that FERC has granted during seasonal peak times in the past.

Cabot-Turners Falls is Massachusetts’ largest conventional hydropower facility and consists of the 62-megawatt Cabot Station, first put into service in 1916, and 6-megawatt Turners Falls station just upstream, commissioned in 1905.

As part of its stewardship of the local environment and approximately 4,000 acres of land in Western Massachusetts associated with the facilities, FirstLight already provides access to some of the area’s marquee outdoor recreation sites, including the Northfield Mountain Recreation and Environmental Center, the Turners Falls Fishway, Riverview Park, and the Barton Cove and Munn’s Ferry campgrounds. The new river access points will provide kayakers, canoers, hikers, and other visitors with even more options to enjoy the river and its wildlife.

Extensive research for the 700-page AFLA, including analysis by the nation’s leading riverbank-erosion scientist, confirmed that FirstLight’s operations affect riverbanks in only two locations, one of which has already been remediated. In the second location, research showed, naturally high river flows and boat wakes account for the vast majority of riverbank impacts, with only 8 percent of impact attributable to hydroelectric operations by FirstLight. The study confirmed that the steps FirstLight has completed to date to mitigate shoreline erosion issues have satisfactorily addressed all impacts related to hydropower operations.

The full license application and associated public notices for the AFLA may be found HERE.

ABOUT FIRSTLIGHT POWER

FirstLight Power (FirstLight) is a leading clean power producer and energy storage company in New England with a portfolio that includes nearly 1,400 megawatts of pumped-hydro storage, battery storage, hydroelectric generation, and solar generation—the largest clean energy generation portfolio in New England today.


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Office: 413-659-4426, Cell: 860-795-4310
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DUBLIN--(BUSINESS WIRE)--The "FGD Market and Strategies" report has been added to ResearchAndMarkets.com's offering.


This report forecasts the market for flue gas desulfurization systems for every country of the world; analysis of both the new and retrofit market. Forecasts are in MW and $ and segmented by dry vs wet and limestone vs other.

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LONDON--(BUSINESS WIRE)--#GlobalMarinePropulsionEngineMarket--The global marine propulsion engine market size is poised to grow by USD 472.47 million during 2020-2024, progressing at a CAGR of over 1% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.



Rapid industrialization and the liberalization of economies worldwide have increased the trade volume between countries. This is evident across emerging economies in Asia that are exhibiting high demand for seaborne trade. The increasing population in these countries has created a strong demand for goods and raw materials. This is increasing the number of large cargo and container ships, which is contributing to carbon emissions. Besides, the rising stringency of regulations regarding emissions has led to an increase in the adoption of marine vessels with gas turbine propulsion. All these factors are positively influencing the growth of the global marine propulsion engine market.

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Report Highlights:

  • The major marine propulsion engine market growth came from the diesel propulsion engine segment in 2019. This is due to the lower cost of diesel fuel compared to other types of fuel.
  • APAC was the largest market for marine propulsion engines in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to the rising demand for mass production goods in the region.
  • The global marine propulsion engine market is fragmented. AB Volvo, BAE Systems Plc, Beta Marine Ltd., Caterpillar Inc., Cummins Inc., General Electric Co., Mitsubishi Heavy Industries Ltd., Rolls-Royce Plc, Wartsila Corp., and Yanmar Holdings Co. Ltd. are some of the major market participants. To help clients improve their market position, this marine propulsion engine market forecast report provides a detailed analysis of the market leaders.
  • As the business impact of COVID-19 spreads, the global marine propulsion engine market 2020-2024 is expected to have neutral impact. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

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Incorporation of intelligent propulsion systems will be a key market trend

The rising adoption of automation technologies and digital analytics has encouraged market vendors to focus on the development of intelligent propulsion systems. These systems meet IMO Tier-III/EPA Tier 4 requirements for a marine engine, which is driving their adoption among end-users. Thus, the incorporation of intelligent propulsion systems is expected to positively influence the growth of the market during the forecast period.

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Marine Propulsion Engine Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist marine propulsion engine market growth during the next five years
  • Estimation of the marine propulsion engine market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the marine propulsion engine market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of marine propulsion engine market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Diesel - Market size and forecast 2019-2024
  • Gas - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AB Volvo
  • BAE Systems Plc
  • Beta Marine Ltd.
  • Caterpillar Inc.
  • Cummins Inc.
  • General Electric Co.
  • Mitsubishi Heavy Industries Ltd.
  • Rolls-Royce Plc
  • Wartsila Corp.
  • Yanmar Holdings Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

Names engineering research & development facilities after founder: “Robert E. Koski Center of Engineering Innovation”

SARASOTA, Fla.--(BUSINESS WIRE)--Sun Hydraulics (“Sun” or the “Company”) honored the legacy of the late Robert Koski, the founder of Sun, in a dedication ceremony today, marking the company’s first 50 years in business by naming its new engineering research and development facilities the “Robert E. Koski Center of Engineering Innovation.”


The newly named Koski Center will serve as the global headquarters of the company’s R&D efforts. It will provide expanded hydraulics and electro-hydraulics testing capabilities intended to serve the Company’s own product innovation and development efforts and support its global customers and sales channel partners testing the latest technologies and Sun solutions for their machines and equipment.

Due to coronavirus concerns, the event was attended by a small group of individuals, including Mr. Koski’s wife, Beverly Koski, his sons, Bob Koski and Tom Koski, and his daughter and long-time board member, Chris Koski. Also in attendance were senior leaders from Sun Hydraulics and its parent company, Helios Technologies.

Speeches by Beverly and Chris Koski, Helios’s CEO Josef Matosevic, CFO Tricia Fulton and board member Greg Yadley marked the small, socially distanced in-person event.

I am touched by this gesture to honor my husband’s legacy,” said Beverly Koski. “He was a remarkable man and an inspirational leader who believed in the company and its products. But most important to him were the people, the ideas and the innovation that built such a strong company.”

Daughter and former board member, Chris Koski, echoed her mother’s sentiments. “My father was curious, inventive and always open to new ideas, and he valued his relationships with everyone at Sun Hydraulics. For those who knew and worked with him, he was a mentor who always challenged them to think for themselves and take ownership of their ideas and decisions.”

Josef Matosevic, President and CEO of Sun’s parent company Helios Technologies, spoke about Mr. Koski’s legacy. “We are here to recognize the accomplishments and contributions Mr. Koski made to this company, to the hydraulics industry and to the concepts of leadership.”

Mr. Matosevic continued, “He touched many lives along the way—mentoring and challenging those he worked with—and provided an environment that fostered the innovation he believed in so strongly.”

The event closed with the unveiling of the sign above the doors of the newly dedicated “Robert E. Koski Center of Engineering Innovation” in Sarasota, and the plaque commemorating his contributions in the lobby.

A video will be released that will include the dedication event and feature tributes from employees and partners from around the globe who were key to the company’s success. The video tribute will be published on the Company’s website (www.sunhydraulics.com) to honor the dedication virtually.

Bob Koski & Sun Hydraulics

Fifty years ago, in 1970, Bob Koski left the security of a job in a traditional company with a promising future to pursue a new organizational vision at his own company, Sun Hydraulics. Initially fueled by the innovative product designs of Mr. Koski and co-founder John Allen, the company’s dedicated focus on collaborative innovation attracted engineering talents that fed that vision, working together to rethink cartridge valve technology and the fundamentals of manifold design.

This bold new approach left behind the limitations of the industry common cavity to advance fluid power technology in ways that still drive the company’s leadership in load-holding technology today. Sun’s counterbalance valves are recognized worldwide for their safe, reliable load control and are the go-to solutions for quality-conscious OEMs in all hydraulic equipment markets.

Bob Koski’s entrepreneurial spirit was equally important in his vision for the company’s organization. The open, horizontal management system at Sun led to contributions from everyone at the company, creating a process that fed continuing innovation and helped drive the company’s success. By helping colleagues make their own decisions instead of telling them what to do, he enabled a culture of empowerment and innovation at Sun.

Mr. Koski turned over the reins of the company to Clyde Nixon, the company’s second CEO, in 1988. Koski continued to be active in the company for many years as the company’s spokesperson, as an advocate for the hydraulics industry around the world, and as an inspiring leader at Sun until his passing in 2008.

About Sun Hydraulics

Sun Hydraulics is a leading manufacturer of high-performance screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets. Sun Hydraulics is a division of Helios Technologies, a global industrial technology leader that develops and manufactures hydraulic and electronic control solutions for diverse markets. Helios Technologies does business through its operating subsidiaries around the world, including Sun Hydraulics LLC, Enovation Controls LLC, Faster S.p.A. and Balboa Water Group.


Contacts

For additional information regarding this event, please contact:
Steve Berlin, Marketing
Sun Hydraulics
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941-362-1225

LONDON--(BUSINESS WIRE)--#GlobalOffshoreDecommissioningMarket--The new offshore decommissioning market research report from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.



For a More Detailed Analysis, Get a Free Sample Report Delivered Instantly

"One of the primary growth drivers for this market is the maturing oil and gas fields and aging platforms,” says a senior analyst for the Energy industry at Technavio. As the markets recover, Technavio expects the offshore decommissioning market size to grow by USD 1.77 billion during the period 2020-2024.

Offshore Decommissioning Market Segment Highlights for 2020

  • The offshore decommissioning market is expected to post a year-over-year growth rate of 5.17%.
  • Based on the service, the well plugging and abandonment segment led the market in 2019. The growth of the segment is driven by the presence of numerous mature offshore oil and gas wells globally, especially in the GoM and the North Sea.
  • The growth of the market in the segment will be significant over the forecast period.

Regional Analysis

  • 55% of the growth will originate from the Europe region.
  • The growth of the market in Europe is driven by factors such as the increasing number of mature offshore infrastructure in the basins of the North Sea and stringent regulatory environment in major oil and gas-producing countries such as the UK and Norway.
  • The UK and Norway are the key markets for offshore decommissioning in Europe. Market growth in this region will be faster than the growth of the market in other regions.

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Related Reports on Energy Include:

Global Offshore Drilling Market - Global offshore drilling market is segmented by application (shallow water, deepwater, and ultra-deepwater) and geography (North America, APAC, Europe, MEA, and South America). Click Here to Get an Exclusive Free Sample Report

Global Offshore Oil and Gas Pipeline Market - Global offshore oil and gas pipeline market is segmented by product (gas and oil) and geography (Europe, MEA, APAC, South America, and North America). Click Here to Get an Exclusive Free Sample Report

Notes:

  • The offshore decommissioning market size is expected to accelerate at a CAGR of almost 6% during the forecast period.
  • The offshore decommissioning market is segmented by Service (Well plugging and abandonment, Platform removal, and Others) and Geography (Europe, North America, APAC, MEA, and South America).
  • The market is fragmented due to the presence of many established vendors holding significant market share.
  • The research report offers information on several market vendors, including Aker Solutions ASA, General Electric Co., Halliburton Co., John Wood Group Plc, Oceaneering International Inc., Ramboll Group AS, Schlumberger Ltd., TechnipFMC Plc, TETRA Technologies Inc., and Weatherford International Plc

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About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

$50,000 donation supports leadership program that guides fatherless youth —

FORT WORTH, Texas--(BUSINESS WIRE)--#FortWorth--HOPE Farm today announced a five-year commitment from Reliant to help transform the lives of at-risk boys in Fort Worth. HOPE Farm helps youth become men of integrity by providing role models, leadership development and spiritual and educational resources to both the children and their caregivers. Reliant’s $50,000 donation to the organization’s leadership program focuses on guiding at-risk boys in single-parent homes.



“Having strong community partners is critical to the success of our program. Besides the important financial support, it signifies that established organizations recognize the future of our communities depend on preparing everyone for success. Reliant is a well-known and respected company so to be able to say that they’re in this with us makes a really strong statement. We are so grateful for their leadership stepping up and supporting us in a such a big way,” said Sacher Dawson, executive director of HOPE Farm.

HOPE Farm has served fatherless boys ages five to 18 and their mothers or caregivers in the south side of Fort Worth since 1997, working to eradicate the cycle and effects of fatherlessness by cultivating at-risk boys into tomorrow’s leaders. The organization’s leadership program addresses the spirit through character building, Bible study and prayer; the mind through reading, language, computers, math, music and critical thinking; and the body through training and conditioning, nutritious meals and organized athletic activities.

“Reliant is committed to powering change and our engagement with HOPE Farm is another example of how we are supporting organizations that empower young people with incremental resources so they can achieve their full potential,” said Elizabeth Killinger, president of Reliant. “We are inspired by the work HOPE Farm is doing to transform the lives of at-risk boys and are honored to play a part in helping create a better future for these young men.”

Helping hundreds of Fort Worth youth reach their potential

Since its inception more than 20 years ago, HOPE Farm has helped hundreds of boys and has positively impacted the Historic Southside, Hillside and Morningside neighborhoods. HOPE Farm opened a brand-new facility in Fort Worth’s Como community in the spring of 2019 and opened the doors to HOPE Farm – South Dallas in January of this year. Announced last month, the nonprofit is expanding with a new vocational center that will provide young men with hands-on work experience and training in welding, plumbing, HVAC and more.

A recent testament to its successful leadership program is Shamar Peoples. After his mother and father died suddenly and tragically, Shamar’s grandmother took him in and raised him. When Shamar began to struggle in middle school, his grandmother needed help and ultimately turned to HOPE Farm. Shamar was placed in Fort Worth’s Hill School, where he excelled academically, athletically and socially. With support from his sponsors, Shamar completed his high school education and graduated with honors. Through hard work and determination, Shamar was accepted to Texas Christian University, where he attends as a freshman on multiple scholarships.

“Shamar is a shining example of what we hope all of our graduates can achieve,” said Felix Stiggers, program director at HOPE Farm, Morningside. “Thanks to generous supporters like Reliant, we will be able to help unlock the potential of even more young men like Shamar.”

The $50,000 donation is part of Reliant and parent company NRG’s “Powering Change” initiative, which has committed $1 million toward organizations and initiatives that combat racial inequities, injustice and related violence. For additional information on Reliant’s “Powering Change” initiative, visit reliant.com/community.

About HOPE Farm, Inc.

HOPE Farm, Inc. is a Fort Worth-based 501(c)(3) dedicated to eradicating the cycle and effects of fatherlessness by cultivating at-risk boys into tomorrow’s leaders. HOPE Farm’s programs enrich the spirit, mind, and body via leadership development, academics, physical education, Bible study, and music, as well as a mothers’ resource initiative. HOPE Farm serves boys ages 5-18 and their mothers or caretakers from two Fort Worth campuses: its headquarters in the southside of Fort Worth, where it has been located since 1997, and its new Como campus, which opened in 2019. A new South Dallas location opened in spring of 2020. To learn more, visit www.hopefarmfw.org, or on Facebook, Instagram, and Twitter.

About Reliant

Reliant powers, protects and simplifies life by bringing electricity, security and related services to homes and businesses across Texas. Serving customers and the community is at the core of what we do, and the company is recognized nationally for outstanding customer experience. Reliant is part of NRG, a Fortune 500 company that creates value by generating electricity and providing energy solutions to more than 3.7 million residential, small business and commercial customers across the U.S. and Canada. NRG’s competitive residential electricity business, which includes Reliant, is one of the largest in the country. For more information about Reliant, visit reliant.com and connect with Reliant on Facebook at facebook.com/reliantenergy and Twitter or Instagram @reliantenergy. PUCT Certificate #10007.


Contacts

Victor Neil, HOPE Farm
817-247-1277
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Megan Talley, Reliant
713-537-2160
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SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) announced today that Brad Barron, President and Chief Executive Officer; Tom Shoaf, Executive Vice President and Chief Financial Officer; Danny Oliver, Executive Vice President of Business Development & Engineering; Amy Perry, Executive Vice President of Strategic Development; Pam Schmidt, Vice President of Investor Relations, and other members of management will participate in virtual meetings with members of the investment community at the Wells Fargo Securities 2020 Virtual Midstream and Utility Symposium on Tuesday, December 8, 2020 and Wednesday, December 9, 2020. The materials to be discussed in the meetings will be available on the partnership’s website at 10:00 a.m. Eastern Time, Tuesday, December 8, 2020.


NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 75 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. The partnership’s combined system has approximately 75 million barrels of storage capacity, and the partnership has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com.


Contacts

NuStar Energy, L.P., San Antonio
Investors, Tim Delagarza, Manager, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314
website: http://www.nustarenergy.com

HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) announced today that it will participate in a Fireside Chat and host virtual investor meetings at the Wells Fargo Virtual Midstream and Utility Symposium Tuesday, December 8 and Wednesday, December 9, 2020. The Fireside Chat is scheduled for Tuesday, December 8 at 10:40 a.m. ET. A live webcast of the Fireside Chat will be available and may be accessed via Enterprise’s website at www.enterpriseproducts.com.


A copy of the slides to be used in the meetings will be available at 7:00 a.m. ET on Tuesday, December 8 and may be accessed under the Investors tab on the partnership’s website.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and export and import terminals; crude oil gathering, transportation, storage and export and import terminals; petrochemical and refined products transportation, storage, export and import terminals and related services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.


Contacts

Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations (713) 381-3635

Virtual Session

HOUSTON--(BUSINESS WIRE)--Pursuant to Texas Governor Abbott’s action of March 16, 2020 to allow virtual and telephonic open meetings to maintain government transparency, the Port Commission of the Port of Houston Authority will conduct its regular monthly meeting virtually on Tuesday, Dec.8. The virtual meeting will start at 9:15 a.m. via Webex webinar.


The Executive Office Building is closed to the general public; however, the public can participate in the meetings virtually via Webex, which can be accessed as provided on the following page. Sign up for public comment is available up to an hour prior to the meeting by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..

The meeting agendas are available at http://porthouston.com/leadership/public-meetings/.

The Community Relations Committee will commence at 9:30 a.m. or immediately following the Port Commission meeting. The Compensation Committee meeting will start at 10:00 a.m. or immediately following the Community Relations Committee meeting.

The committee agendas and the instructions to access them virtually are also available at http://porthouston.com/leadership/public-meetings/.

About Port Houston

For more than 100 years, Port Houston has owned and operated the public wharves and terminals of the greater Port of Houston – the nation’s largest port for the foreign waterborne tonnage and an essential economic engine for the Houston region, the state of Texas and the U.S. nation. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and total of $801.9 billion in economic impact across the nation. For more information, visit the website at https://porthouston.com/

The Executive Office Building is closed to the general public at this time.

Please note the following to help the meeting run smoothly:

  • The meeting will begin at 9:15 a.m.
  • Please dial in via phone for the audio portion, and use your attendee number to merge your phone and computer presence.
  • All participants will be muted upon entry. Please stay muted unless speaking.
  • Please turn off your video to help the call run more smoothly.

When it's time, join your Webex meeting here.

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Contacts

Lisa Ashley, Director, Media Relations
Office: 713-670-2644; Mobile: 832-247-8179
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Installation Supports the Port’s Climate Action Plan

SAN DIEGO--(BUSINESS WIRE)--EDF Renewables North America (EDFR) today announced the awarding of a contract to build a 700 kW / 2,400 kWh Microgrid Infrastructure Project for the Port of San Diego. The Project, designed to island the electrical infrastructure at the Port’s Tenth Avenue Marine Terminal (TAMT), was approved by the Board of Port Commissioners on November 10, 2020. EDFR was selected as the highest ranked proposer demonstrating the most experience and technical expertise, and strong familiarity with the project site.


The Microgrid Infrastructure Project, consisting of a battery storage system and electrical infrastructure, projects $3.2 million in energy savings for the Port during regular operations over 20 years, and aligns with California Government Code 4217 providing the best value to the Port. The system will provide emergency back-up power to the Port-operated facilities, including security infrastructure, lights, offices, and existing jet fuel storage system in support of the Port’s role as a Strategic Port.

Microgrids are innovative systems that integrate batteries, renewable generators, load control, and traditional onsite generators with intelligent componentry to create a system that ensures continuity of operation during power outages. The microgrid at TAMT will advance the Port’s use of renewable energy, reducing greenhouse gas emissions (GHG) on and around the terminal and supports and aligns with the Port’s Climate Action Plan.

Raphael Declercq, EVP, Distributed Solutions & Strategy at EDF Renewables commented, “We are pleased to be selected by the Port to support their energy efficiency and renewable energy ambitions through the Microgrid Infrastructure Project. Our portfolio of solar and storage microgrids with companies throughout the state demonstrates our ability to deliver solar and storage microgrid solutions to ensure reliability of services and to support business operations.”

“The microgrid project provides numerous benefits for not just the Port, but our surrounding communities and region,” said Vice Chair Michael Zucchet, Port of San Diego Board of Port Commissioners. “We’re delighted to be a leader in the process of cargo terminal electrification. Through our testing, monitoring and evaluation, we will share our findings with other ports in California and around the world.”

During typical grid connected operations, the battery system optimizes operations by allowing the facility to draw from the stored energy during the utility’s expensive evening on-peak period. The energy storage system will also reduce utility costs by discharging the battery to mitigate spikes in usage thereby lowering demand charges. Meanwhile, during a power outage, instead of using only a diesel generator for backup power, the Microgrid can support the facility resulting in fuel savings and reduced greenhouse gas emissions.

EDF Renewables Distributed Solutions is a part of EDF Renewables North America, a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Distributed Solutions group offers on-site clean energy for office buildings, load serving entities, corporates and industrials. The company delivers solar, storage and electric vehicle charging stations as separate products or combined as a full microgrid offering.

EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar, solar+storage, EV charging and energy management; and asset optimization: technical, operational, and commercial skills to maximize performance of generating projects. EDF Renewables’ North American portfolio consists of 16 GW of developed projects and 11 GW under service contracts. EDF Renewables North America is a subsidiary of EDF Renouvelables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com. Connect with us on LinkedIn, Facebook and Twitter.

About the Port of San Diego

The Port of San Diego serves the people of California as a specially created district, balancing multiple uses on 34 miles along San Diego Bay spanning five cities. Collecting no tax dollars, the Port manages a diverse portfolio to generate revenues that support vital public services and amenities.

The Port champions Maritime, Waterfront Development, Public Safety, Experiences and Environment, all focused on enriching the relationship people and businesses have with our dynamic waterfront. From cargo and cruise terminals to hotels and restaurants, from marinas to museums, from 22 public parks to countless events, the Port contributes to the region’s prosperity and remarkable way of life on a daily basis.


Contacts

EDF Renewables Contact:
Sandi Briner, +1 858-521-3525
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SPRING, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced its subsidiary Perma-Pipe Egypt has been awarded approximately $6.0 million in contracts by China State Construction Engineering Company (CSCEC) for the provision of thermally insulated pipe, field joints, and leak detection system for a district cooling network for the New Urban Communities Authority (NUCA), in the Central Business District of the New Administrative Capital of Egypt.


The project will utilize Perma-Pipe’s XTRU-THERM® insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing. Prior to application of the insulation system, an anti-corrosion polyamide epoxy coating will be applied to the steel pipe in Perma-Pipe’s newly commissioned blasting and coating facility. Perma-Pipe will also be responsible for the supply, installation, and commissioning of Perma-Pipe’s own “PermAlert®” leak detection system for the insulated pipelines. The project will begin execution in Perma-Pipe’s facilities in Beni Suef, Egypt in Q4 2020.

Adham Sharkawy, General Manager for Perma-Pipe Egypt states, “Perma-Pipe looks forward to serving CSCEC and NUCA under Dar Al-Handasah’s supervision on this project and to continuing our role in providing infrastructure for construction of the New Administration Capital City project. We are pleased to see an increase in project opportunities in Egypt, and excited about the country’s potential and serving our customers moving forward.”

Grant Dewbre, Sr. Vice President for Perma-Pipe’s MENA region states, "We are very appreciative that CSCEC placed their trust in Perma-Pipe to execute this project. We value our relationships with CSCEC, NUCA, and Dar Al-Handasah and look forward to starting our successful journey to providing our services to these companies.”

David Mansfield, President and CEO commented, "We thank our customer for this award and we are pleased to see that the market in Egypt continues to develop, and that our decision to invest in that country was the right choice.”

Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global leader in pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, Perma-Pipe has operations at thirteen locations in six countries.


Contacts

David Mansfield, President and CEO
Perma-Pipe Investor Relations
847.929.1200
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Approximately 8,500 customers could be affected by the Public Safety Power Shutoff

This figure is an 91% reduction in customer impact from previous estimates

Potentially impacted customers will be receiving notifications today on possible de-energizations

SAN FRANCISCO--(BUSINESS WIRE)--Due to substantial changes overnight in terms of the severity and location of the strongest winds along with improved humidity, Pacific Gas and Electric Company (PG&E) is significantly reducing the scope of its Public Safety Power Shutoff (PSPS) currently slated to begin early Monday morning.

Two days ago, on Friday afternoon, about 132,000 PG&E customers in 15 counties and five tribal communities had been notified of a potential PSPS. Yesterday, that number changed to 92,000 customers. Today, the potential scope of the PSPS has been further reduced to 8,500 customers in five counties: Fresno, Madera (new), Mariposa (new), Tulare and Tuolumne.

High fire-risk conditions are expected to arrive later this evening with high winds forecast to continue early Monday morning, peaking in strength during the day Monday, and possibly lingering in some regions through early Tuesday.

Once the strong winds subside, PG&E crews will patrol the de-energized lines to ensure they were not damaged during the severe weather. PG&E will safely restore power as quickly as possible, with the goal of restoring most customers within 12 daylight hours, pending weather conditions. At this time, it’s anticipated the electric service will be restored to most customers affected by the PSPS by the end of the day on Tuesday.

This PSPS is not expected to affect any Bay Area counties. Approximately 2,500 customers in Napa, Lake and Sonoma counties have been removed from the scope of the event.

Potential Public Safety Power Shutoff: What Customers Should Know

Customer notifications—via text, email and automated phone call—began on Friday, approximately two days prior to the potential shutoff. Additional customer notifications went out on Saturday and today. Customers enrolled in the company’s Medical Baseline program who have not verified that they have received these important safety communications will be individually visited by a PG&E employee with a knock on their door when possible. A primary focus will be given to customers who rely on electricity for critical life-sustaining equipment.

Although PSPS is an important wildfire safety tool, we know that losing power is disruptive, especially for those with medical needs, customers working from home and students engaging in distance learning in response to COVID-19. The new stay-at-home order, issued on Friday, exempts essential workers in critical infrastructure sectors, including energy; PG&E employees are allowed to continue providing services.

Potentially Affected Customers

Here is a list of customers by county who could potentially be affected by this PSPS event.

  • Fresno County: 359 customers, 12 Medical Baseline customers
  • Madera County: 337 customers, 16 Medical Baseline customers
  • Mariposa County: 1,234 customers, 18 Medical Baseline customers
  • Tuolumne County: 6,293 customers, 297 Medical Baseline customers
  • Tulare County: 225 customers, 3 Medical Baseline customers
  • Total: 8,448 customers, 346 Medical Baseline Customers

Counties No Longer in Scope

  • Alpine County: 574 customers, 7 Medical Baseline customers
  • Amador County: 4,244 customers, 318 Medical Baseline customers
  • Butte County: 8,713 customers, 801 Medical Baseline customers
  • Calaveras County: 10,867 customers, 450 Medical Baseline customers
  • El Dorado County: 28,358 customers, 1,926 Medical Baseline customers
  • Kern County: 5 customers, 0 Medical Baseline customers
  • Lake County: 24 customers, 0 Medical Baseline customers
  • Napa County: 2,378 customers, 104 Medical Baseline customers
  • Nevada County: 22,931 customers, 1,313 Medical Baseline customers
  • Placer County: 6,401 customers, 420 Medical Baseline customers
  • Plumas County: 344 customers, 20 Medical Baseline customers
  • Sonoma County: 66 customers, 1 Medical Baseline
  • Yuba County: 1,507 customers, 125 Medical Baseline customers

Customers can look up their address online to find out if their location is being monitored for the potential safety shutoff, and find the full list of affected counties, cities and communities, at www.pge.com/pspsupdates.

Outage and Backup Power Safety

Although backup power can be helpful during an outage, it also can pose safety hazards when not used correctly. Improper use can risk damage to your property, or endanger the lives of you, your family, or PG&E crews who may be working to restore power.

If you have a stand-by generator, make sure that it’s installed safely and inform PG&E to avoid risking damage to your property and endangering PG&E workers. Information on the safe installation of generators can be found on our website at www.pge.com/generator.

Community Resource Centers Reflect COVID-19 Safety Protocols

During PSPS events, PG&E opens temporary Community Resource Centers (CRCs) to support our customers. These CRCs are open to customers when power is out at their homes and provide ADA-accessible restrooms and hand-washing stations, medical-equipment charging, Wi-Fi, bottled water and non-perishable snacks. PG&E will open CRCs on Monday morning started at 8 a.m. Visit this list of CRCs to see what’s available in your community.

Here’s Where to Go to Learn More

  • PG&E’s emergency website (www.pge.com/pspsupdates) is now available in 16 languages: English, Spanish, Chinese, Tagalog, Russian, Vietnamese, Korean, Farsi, Arabic, Hmong, Khmer, Punjabi, Japanese, Hindi, Portuguese and Thai. Customers can choose their language preference for viewing the information when visiting the website.
  • Customers are strongly encouraged to update their contact information and indicate their preferred language for notifications by visiting www.pge.com/mywildfirealerts or by calling 1-800-743-5000, where in-language support is available.
    Tenants and non-account holders can sign up to receive PSPS Alerts for any address where they do not have a PG&E account by visiting www.pge.com/pspsalerts.
  • PG&E has launched a tool at its online Safety Action Center (www.safetyactioncenter.pge.com) to help customers prepare for emergencies. By using the "Make Your Own Emergency Plan" tool and answering a few short questions, customers can compile and organize the important information needed for a personalized family emergency plan.

About PG&E

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


Contacts

Media Relations
415.973.5930

THE WOODLANDS, TX--(BUSINESS WIRE)--Epsilyte, a leading North American producer of Expandable Polystyrene (EPS), will increase the price of all grades of EPS by $0.06/lb., effective January 1, 2021 or as contracts permit. This adjustment is necessary based on supply and demand dynamics and the need for the business to achieve reinvestment economics.


About Epsilyte

Epsilyte is one of North America’s leading producers of expandable polystyrene resin. We are a company of scale focused on solving customer needs for efficient, high-R value EPS. This includes reducing energy usage in buildings, ensuring safe and healthy food through innovative packaging technology, and participating in infrastructure investment both in the United States and abroad. Epsilyte is a portfolio company of Balmoral Funds LLC.


Contacts

Todd Galliart
Business Manager
Cell: 409-422-5903
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LONDON--(BUSINESS WIRE)--#DownholeDrillingToolsMarket--The new downhole drilling tools market research report from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.



For a More Detailed Analysis, Get a Free Sample Report Delivered Instantly

"One of the primary growth drivers for this market is the increase in oil and gas E&P activities”, says a senior analyst for the Energy industry at Technavio. As the markets recover Technavio expects the downhole drilling tools market size to grow by USD 3.65 billion during the period 2020-2024.

Downhole Drilling Tools Market Segment Highlights for 2020

  • The downhole drilling tools market is expected to post a year-over-year growth rate of -8.58%.
  • Based on the product, the market saw maximum growth in the tubular segment in 2019.
  • The growth of the market in the tubular segment will be significant during the forecast period.

Regional Analysis

  • 39% of the growth will originate from the North America region.
  • The growth of the market in North America will be driven by the introduction of new oil and gas exploration policies.
  • The US is the key market for the downhole drilling tools market in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the downhole drilling tools market size.

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Related Reports on Energy Include:

Global Drilling Rig Market - Global drilling rig market is segmented by application (onshore and offshore) and geographic landscape (North America, MEA, Europe, APAC, and South America). Click Here to Get an Exclusive Free Sample Report

Global Offshore Drilling Market - Global offshore drilling market is segmented by application (shallow water, deepwater, and ultra-deepwater) and geography (North America, APAC, Europe, MEA, and South America). Click Here to Get an Exclusive Free Sample Report

Notes:

  • The downhole drilling tools market size is expected to accelerate at a CAGR of almost 3% during the forecast period.
  • The downhole drilling tools market is segmented by Product (Tubulars, Deflection and downhole motors, Casing and cementing tools, Drill bits, and Others) and Geography (North America, MEA, APAC, Europe, and South America).
  • The market is fragmented due to the presence of many established vendors holding significant market share.
  • The research report offers information on several market vendors, including Baker Hughes Co., Halliburton Co., National Oilwell Varco Inc., Nine Energy Service Inc., RUBICON OILFIELD PRODUCTS LTD., Schlumberger Ltd., Schoeller-Bleckmann Oilfield Equipment AG, Tasman Oil Tools Ltd., Weatherford International Plc, and Wenzel Downhole Tools

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About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

Approximately 130,000 customers who might be affected by the Public Safety Power Shutoff are receiving the initial notifications today, two days ahead of the potential event

SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) has notified customers in targeted portions of 15 counties and five tribal communities about a potential Public Safety Power Shutoff (PSPS) starting early Monday morning (Dec. 7). Dry conditions combined with expected high wind gusts pose an increased risk for damage to the electric system that has the potential to ignite fires in areas with dry vegetation.

High fire-risk conditions are expected to arrive late Sunday evening with high winds forecast to continue until into early Monday morning, peaking in strength during the day Monday, and possibly lingering in some regions through early Tuesday. Once the strong winds subside, PG&E crew will patrol the de-energized lines to ensure they were not damaged during the severe weather. PG&E will safely restore power as quickly as possible, with the goal of restoring most customers within 12 daylight hours, based on weather conditions.

While there is still uncertainty regarding the strength and timing of this weather wind event, the shutoff is forecasted to affect approximately 130,000 customers in targeted portions of 15 counties, including Alpine, Amador, Calaveras, El Dorado, Fresno, Lake, Monterey, Napa, Nevada, Placer, Sierra, Sonoma, Tulare, Tuolumne, and Yuba, as well as five tribal communities.

The highest probability areas for this PSPS are the Sierra foothills; the North Bay mountains and portions of the Central Coast. This is not expected to be a widespread event in the Bay Area at this time.

Potential Public Safety Power Shutoff: What People Should Know

The potential PSPS event is still more than two days away. PG&E in-house meteorologists as well as staff in its Wildfire Safety Operation Center and Emergency Operation Center will continue to monitor conditions closely, and additional customer notifications will be issued as we move closer to the potential event.

Customer notifications—via text, email and automated phone call—began late this afternoon, approximately two days prior to the potential shutoff. Customers enrolled in the company’s Medical Baseline program who do not verify that they have received these important safety communications will be individually visited by a PG&E employee with a knock on their door when possible. A primary focus will be given to customers who rely on electricity for critical life-sustaining equipment.

Potentially Affected Customers

Here is a list of customers by county who could be potentially affected by this PSPS event.

  • Alpine County: 574 customers, 7 Medical Baseline customers
  • Amador County: 9,573 customers, 764 Medical Baseline customers
  • Calaveras County: 10,759 customers, 440 Medical Baseline customers
  • El Dorado County: 35,732 customers, 2,555 Medical Baseline customers
  • Fresno County: 1,292 customers, 74 Medical Baseline customers
  • Lake County: 1,223 customers, 67 Medical Baseline customers
  • Monterey County: 333 customers, 7 Medical Baseline customers
  • Napa County: 6,780 customers, 218 Medical Baseline customers
  • Nevada County: 25,938 customers, 1,509 Medical Baseline customers
  • Placer County: 24,918 customers, 1,586 Medical Baseline customers
  • Sierra County: 1,099 customers, 23 Medical Baseline customers
  • Sonoma County: 1,797 customers, 61 Medical Baseline customers
  • Tulare County: 276 customers, 4 Medical Baseline customers
  • Tuolumne County: 10,114 customers, 573 Medical Baseline customers
  • Yuba County: 312 customers, 40 Medical Baseline customers
  • Total: 130,722 customers, 7,928 Medical Baseline customers

*The following Tribal Community counts are included within the County level detail above.

  • Dry Creek Rancheria Tribal community: 8 customers, 0 Medical Baseline customers
  • Jackson Rancheria Tribal community: 28 customers, 0 Medical Baseline customers
  • Middletown Rancheria Tribal community: 8 customers, 0 Medical Baseline customers
  • Shingle Springs Rancheria Tribal community: 49 customers, 2 Medical Baseline customers
  • Tuolumne Tribal community: 100 customers, 5 Medical Baseline customers

Why PG&E Calls a PSPS Event

When extreme weather conditions are forecasted, PG&E considers proactively turning off power for safety, as such weather conditions increase the potential for damage and hazards to PG&E’s electric infrastructure, which could cause sparks if lines are energized. These conditions also increase the potential for rapid fire spread.

State officials classify more than half of PG&E’s 70,000-square-mile service area in Northern and Central California as having a high fire threat, given dry grasses and the high volume of dead and dying trees. The state’s high-risk areas have tripled in size over the last seven years.

No single factor drives a PSPS, as each situation is unique. PG&E carefully reviews a combination of criteria when determining if power should be turned off for safety. These factors generally include, but are not limited to:

  • Low humidity levels, generally 20 percent and below
  • Forecasted sustained winds generally above 25 mph and wind gusts in excess of approximately 45 mph, depending on location and site-specific conditions such as temperature, terrain and local climate
  • A Red Flag Warning declared by the National Weather Service
  • Condition of dry fuel on the ground and live vegetation (moisture content)
  • On-the-ground, real-time observations from PG&E’s Wildfire Safety Operations Center and observations from PG&E field crews

Improved Watch and Warning Notifications

In response to customer feedback requesting more timely information to prepare for a potential PSPS event, PG&E will provide improved Watch and Warning notifications this year.

Whenever possible, an initial Watch notification will be sent two days in advance of a potential PSPS event. One day before the potential PSPS event, an additional Watch notification will go out, notifying customers of the possibility of a PSPS event in their area based on forecasted conditions.

A PSPS Watch will be upgraded to a Warning when forecasted conditions show that a safety shutoff will be needed. Whenever possible, Warning notifications will be sent approximately four to 12 hours in advance of the power being shut off.

Both Watch and Warning notifications are directly tied to the weather forecast, which can change rapidly.

As an example of how notifications have been improved in 2020, customers will see the date and time when power is estimated to be shut off as well as the estimated time for restoration. These notifications will be provided two days before the power goes out. Last year, the estimated time of restoration was not provided until after the power had been turned off.

Outage and Backup Power Safety

While backup power can be helpful during an outage, it can also pose safety hazards when not used correctly. Improper use can risk damage to your property, or endanger the lives of you, your family, or PG&E crews who may be working to restore power.

If you have a stand-by generator, make sure that it’s installed safely and inform PG&E to avoid risking damage to your property and endangering PG&E workers. Information on the safe installation of generators can be found on our website at www.pge.com/generator.

Here’s Where to Go to Learn More

  • PG&E’s emergency website (www.pge.com/pspsupdates) is now available in 13 languages: English, Spanish, Chinese, Tagalog, Russian, Vietnamese, Korean, Farsi, Arabic, Hmong, Khmer, Punjabi and Japanese. Customers will have the opportunity to choose their language of preference for viewing the information when visiting the website.
  • Customers are strongly encouraged to update their contact information and indicate their preferred language for notifications by visiting www.pge.com/mywildfirealerts or by calling 1-800-743-5000, where in-language support is available.
  • Tenants and non-account holders can sign up to receive PSPS ZIP Code Alerts for any area where you do not have a PG&E account by visiting www.pge.com/pspszipcodealerts.
  • PG&E has launched a new tool at its online Safety Action Center (www.safetyactioncenter.pge.com) to help customers prepare for emergencies. By using the "Make Your Own Emergency Plan" tool and answering a few short questions, visitors to the website can compile and organize the important information needed for a personalized family emergency plan. This includes phone numbers, escape routes and a family meeting location if an evacuation is necessary.

Smaller, Shorter, Smarter PSPS events

Learning from past PSPS events, PG&E has been making events smaller in size, shorter in length and smarter for customers in 2020.

  • Smaller in Size: Our goal this year was to reduce the number of customers affected by a PSPS event by one-third compared to last year. Through the first five PSPS events in 2020, there was an average 55% reduction of customers impacted compared to 2019. The size of each event was decreased, keeping hundreds of thousands of customers energized, as a result of using better weather monitoring data and technology that allowed more granular decisions; installing more than 600 sectionalizing devices to shut off power to smaller groups of customers; and installing microgrids and temporary generation to keep the lights on in key locations.
  • Shorter in Length: This year, during PSPS events in September and October, the amount of time that customers were without power decreased as restoration times were reduced by over 40% compared to 2019. This happened by nearly (from 35 to 65) doubling our exclusive helicopter fleet and utilizing airplanes with infrared cameras capable of inspecting at night; deploying more PG&E crews for inspections and restoration efforts; inspections as needed. We did not utilize any mutual aid this year.
  • Smarter for Customers: No doubt, PSPS events are a hardship on our customers. This year, PG&E has been providing better information and resources to customers and communities before, during and after events. This work included providing customer alerts with information about when power will be turned back on; opening Community Resource Centers (CRC) to support customers without power; partnering with the California Foundation for Independent Living Centers (CFILC) and other community-based organizations (CBO) to assist the disabled and aging populations by providing food loss replacement meals and a new battery program; providing a website with higher bandwidth and emergency information in 13 languages; adding a social media morning video event update in multiple languages for our largest PSPS event this year; and distributing regular news releases and social media posts.

Community Resource Centers Reflect COVID-Safety Protocols

The sole purpose of a PSPS is to reduce the risk of major wildfires during severe weather. While a PSPS is an important wildfire safety tool, PG&E understands that losing power disrupts lives, especially for customers sheltering-at-home in response to COVID-19.

During PSPS events, PG&E opens temporary Community Resource Centers (CRCs) to support our customers. These temporary CRCs are open to customers when power is out at their homes and provide ADA-accessible restrooms and hand-washing stations; medical-equipment charging; Wi-Fi; bottled water; and non-perishable snacks.

In response to the COVID-19 pandemic, all CRCs follow important health and safety protocols including:

  • Facial coverings and maintaining a physical distance of at least six feet from those who are not part of the same household are required at all CRCs.
  • Temperature checks are administered before entering CRCs that are located indoors.
  • CRC staff are trained in COVID-19 precautions and regularly sanitize surfaces and use Plexiglass barriers at check-in.
  • All CRCs follow county and state requirements regarding COVID-19, including limits on the number of customers permitted indoors at any time.

PG&E’s CRCs in 2020 have been improved from those in 2019. In addition to using existing indoor facilities, PG&E’s CRCs include outdoor, open-air sites in some locations and large commercial vans in other locations. CRC format will depend on a number of factors, including input from local and tribal leaders. Supplies are handed out in grab-and-go bags at outdoor CRCs so most customers can be on their way quickly.

About PG&E

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


Contacts

MEDIA RELATIONS:
415-973-5930

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