HALIFAX, Nova Scotia--(BUSINESS WIRE)--On July 12, 2021, the Board of Directors of Emera Inc. (TSX: EMA) declared quarterly dividends on its common shares and First Preferred Shares, each of which is payable on and after August 16, 2021 to the applicable shareholders of record at the close of business on August 3, 2021, as follows:
Emera Inc. hereby notifies the shareholders of its common shares and its First Preferred Shares that such dividends declared qualify as eligible dividends pursuant to the Income Tax Act (Canada) and corresponding provincial legislation.
About Emera
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $31 billion in assets and 2020 revenues of more than $5.5 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H and EMA.PR.J. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Investor Relations:
Dave Bezanson – Vice President, Investor Relations & Pensions
902-474-2126
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Media:
902-222-2683
NEW YORK & OSLO, Norway--(BUSINESS WIRE)--FREYR AS, a Norway-based developer of clean, next-generation battery cell production capacity, and Alussa Energy Acquisition Corp. (“Alussa Energy”) (NYSE: ALUS), a Cayman Island exempted special purpose acquisition company, announced the completion of their previously announced business combination (the “Business Combination”). The Business Combination, which is effective today, was approved at the special meeting of shareholders of Alussa Energy on June 30, 2021.
The combined company now operates as FREYR Battery (“FREYR”) and its common stock and warrants began trading on the New York Stock Exchange (“NYSE”) under the ticker symbols “FREY” and “FREY WS”, respectively, on July 8, 2021. Alussa Energy’s public units separated into their component securities upon consummation of the Business Combination and, as a result, no longer trade as a separate security and are being delisted by the NYSE.
The Business Combination provides equity funding for FREYR’s battery cell manufacturing development strategy, including the development of up to 43 GWh of annual battery cell production capacity at Mo i Rana, Norway. Related to the transaction close, Alussa Energy has received elections to redeem approximately 18.4 million of its outstanding shares. After redemptions and prior to payment of transaction expenses, FREYR is expected to receive approximately $704 million in gross proceeds from the Business Combination. This includes $600 million in gross proceeds from the issuance of a fully committed Private Investment in Public Equity (“PIPE”) transaction anchored by strategic and institutional investors, including Koch Strategic Platforms, Glencore, Fidelity Management & Research Company LLC, Franklin Templeton, Sylebra Capital and Van Eck Associates Corporation.
Daniel Barcelo, Chief Executive Officer and Director of FREYR Battery, said, “We are proud to complete the combination of Alussa Energy and FREYR, positioning FREYR Battery for leadership in accelerating decarbonization ambitions across the globe. Alussa Energy remained true to its goal to promote the energy transaction movement and is excited to introduce one of the first pure-play, ESG-focused clean battery cell production companies to U.S public markets. I look forward to a continued strong partnership with the entire FREYR Battery team as we execute on our long-term growth strategy.”
Torstein Dale Sjøtveit, Founder and Executive Chairman of FREYR, commented, “The combination with Alussa Energy and subsequent NYSE listing are major milestones for FREYR. We are excited about the endorsement of our growth strategy and the value creation potential enabled by state-of-the-art technology, access to clean renewable energy and a strong organization with a unique combined competence in battery technology, partnership strategies, project execution and operational excellence. The capital from the business combination with Alussa Energy will catalyze FREYR’s plan to deliver up to 43 GWh of battery cell manufacturing capacity in Norway by 2025.”
Tom Einar Jensen, Co-Founder and CEO of FREYR, added, “From the outset, FREYR’s ambition has been to become one of the largest European battery cell suppliers and a leader in the Nordic battery ecosystem. Speed, scale and sustainability are the core tenets of FREYR’s strategy, and we will deploy the capital from this business combination to rapidly build large facilities in Norway leveraging the favorable battery cell production environment. We are advancing commercial discussions across our target market segments with potential customers seeking clean, low-cost and low-carbon battery cells.”
Advisors
Credit Suisse Securities (USA) LLC acted as the equity capital markets advisor to Alussa Energy. Credit Suisse Securities (USA) LLC, BTIG, LLC and BTIG Norway AS acted as the financial advisors to Alussa Energy. Skadden Arps, Slate, Meagher & Flom LLP served as M&A legal counsel to Alussa Energy, Ellenoff Grossman & Schole LLP served as securities counsel to Alussa Energy, Wiersholm AS served as Norwegian counsel to Alussa Energy, and Appleby (Cayman) Ltd served as Cayman Islands legal counsel to Alussa Energy. Rystad Energy and Sustainable Governance Partners acted as business and environmental, social and governance advisors, respectively, to Alussa Energy. Kite Hill PR LLC acted as the public relations advisor to Alussa Energy.
Wilson Sonsini Goodrich & Rosati, P.C. served as U.S. legal counsel to FREYR, and Advokatfirmaet BAHR AS, served as Norwegian legal counsel to FREYR. Crux Advisers AS acted as investor relations adviser to FREYR.
Credit Suisse Securities (USA) LLC, BTIG, LLC, Pareto Securities AS, SpareBank 1 Markets AS and Clarkson Platou AS served as placement agents for the PIPE financing. Davis Polk & Wardwell LLP served as legal counsel to the placement agents.
About Alussa Energy Acquisition Corp.
Alussa Energy is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While Alussa Energy may pursue an acquisition opportunity in any industry or sector, Alussa Energy intends to focus on businesses across the entire global energy supply chain. For more information, please visit www.alussaenergy.com.
About FREYR AS
FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. The facilities will be located in the Mo i Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized environment. FREYR will supply safe, high energy density and cost competitive clean battery cells to the rapidly growing global markets for electric vehicles, energy storage, and marine applications. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the expansion of the battery value chain in our region. For more information, please visit www.freyrbattery.com.
Forward-Looking Statements
This press release contains, and certain oral statements made by representatives of Alussa Energy and FREYR and their respective affiliates, from time to time may contain, “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Alussa Energy’s, FREYR Battery’s and FREYR’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the production of clean and cost-effective batteries, the plan to deliver 43 GWh of next-generation battery cell manufacturing capacity in Norway by 2025, collaborations with customers and global supply chain partners across the transportation and energy storage sectors and the ability to leverage the Nordic region’s developing battery ecosystem. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the control of Alussa Energy, FREYR Battery or FREYR AS and are difficult to predict. Factors that may cause such differences include, but are not limited to: the risk that the transaction disrupts current plans and operations as a result of the announcement and consummation of the transaction; the inability to recognize anticipated benefits of the proposed Business Combination; the possibility that Alussa Energy, FREYR Battery or FREYR AS may be adversely affected by other economic, business, and/or competitive conditions that might lead to, among other things, a failure to develop clean and cost-effective batteries, deliver on the targeted battery cell manufacturing capacity, leverage Norway’s perceived advantages in battery production and build collaborations with customers in the transportation and energy markets; and other risks and uncertainties identified in the registration/proxy statement relating to the transaction, including those under “Risk Factors” therein, and in other filings with the SEC made by Alussa Energy, FREYR Battery and FREYR AS. Alussa Energy, FREYR Battery and FREYR AS caution that the foregoing list of factors is not exclusive, and caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. None of Alussa Energy, FREYR Battery or FREYR AS undertakes or accepts any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law.
No Assurances
There can be no assurance that the potential benefits of combining the companies will be realized.
Information Sources; No Representations
This press release has been prepared for use by Alussa Energy, FREYR Battery and FREYR AS in connection with the transaction. The information herein does not purport to be all-inclusive. The information herein is derived from various internal and external sources, with all information relating to the business, past performance, results of operations and financial condition of Alussa Energy was derived entirely from Alussa Energy and all information relating to the business, past performance, results of operations and financial condition of FREYR AS and FREYR Battery was derived entirely from FREYR AS. No representation is made as to the reasonableness of the assumptions made with respect to the information herein, or to the accuracy or completeness of any projections or modeling or any other information contained herein. Any data on past performance or modeling contained herein is not an indication as to future performance.
No representations or warranties, express or implied, are given in respect of this press release. To the fullest extent permitted by law in no circumstances will Alussa Energy, FREYR Battery or FREYR AS, or any of their respective subsidiaries, affiliates, shareholders, representatives, partners, directors, officers, employees, advisors or agents, be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this press release, its contents (including without limitation any projections or models), any omissions, reliance on information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith, which information relating in any way to the operations of FREYR AS or FREYR Battery has been derived, directly or indirectly, exclusively from FREYR AS and has not been independently verified by Alussa Energy. Neither the independent auditors of Alussa Energy nor the independent auditors of FREYR AS or FREYR Battery audited, reviewed, compiled or performed any procedures with respect to any projections or models for the purpose of their inclusion in this press release and, accordingly, neither of them expressed any opinion or provided any other form of assurances with respect thereto for the purposes of this press release.
Source: FREYR Battery
For investor inquiries, please contact:
For Alussa Energy:
Chi Chow
Investor Relations
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Tel (+1) 929-303-6514
For FREYR:
Jeffrey Spittel
Vice President, Investor Relations
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Tel: (+1) 281-222-0161
Harald Bjørland
Investor Relations
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Tel: (+47) 908 58 221
SAN CARLOS, Calif. & CHICAGO--(BUSINESS WIRE)--FBN® - Farmers Business Network, the farmer-to-farmer network of more than 25,000 farmers who farm more than 70 million acres globally, today announced it has hired agriculture policy veteran Ken Barbic as Head of Policy and Global Government Relations.
Barbic, based in Washington, D.C., will work to ensure the priorities of FBN and its thousands of U.S. members are included in ag policy discussions and to share farmers’ perspectives and FBN’s unique insights on farming and farm profitability to help inform those discussions.
"Our mission has always been about increasing competition and providing growers with as many options as possible to help drive the profit potential of family farms," said Amol Deshpande, CEO and Co-Founder of Farmers Business Network. "FBN has always brought the best commercial solutions to market and with Ken’s appointment, we’ll now create direct lines of communication between FBN and its network and policymakers to share our insights into the challenges farmers face, as well as our data-driven solutions to confront those challenges."
Barbic previously served as Assistant Secretary for the Office of Congressional Relations at USDA. In that Senate-confirmed role, Barbic served as the Department's chief liaison with Members of Congress and their staffs. In this role, he led USDA efforts with Congress on a number of critical issues facing agriculture including the Farm Bill, food supply chain issues during the COVID-19 pandemic, biofuel policy, and the passage of the USMCA.
"FBN has long served as a key ally for farmers by providing transparent information, unique data, and leading-edge technology solutions to help increase profitability on family farms,” said Barbic. “I look forward to amplifying the voice of FBN members on a broad range of issues that impact the success of farmers who are taking risks every day to feed, fuel, and clothe a growing population in the face of growing uncertainty.”
Farming has been an important part of Barbic's life, having been raised in Bakersfield, California, as part of a farming family. His previous experience includes serving as senior director for the Irvine, California-based Western Growers Association, where he worked for nearly a decade to advance the competitiveness of American produce farmers. He also served as Deputy Assistant U.S. Trade Representative for Congressional Affairs and as a legislative assistant with the House Committee on Ways and Means.
About FBN:
Farmer’s Business Network, Inc. is an independent ag tech platform and farmer-to-farmer global network in the United States, Canada, and Australia with the mission of powering the prosperity of family farmers around the world while working towards a sustainable future. Its Farmers First® promise has attracted over 25,000 members to the network who farm more than 70 million acres with a common goal of maximizing their farm’s profit potential. FBN has set out to redefine value and convenience for farmers by helping reduce the cost of production and maximize the value of their crops.
The FBN network has grown to cover more than 70 million acres of member farms in the U.S., Canada, and Australia. Blending the best of Midwestern agricultural roots and Silicon Valley technology, the company has over 600 personnel and offices in San Carlos, Calif., Chicago, Ill., Sioux Falls, S.D., a Canadian Headquarters in High River, Alberta, and an Australian Headquarters in Perth.
To learn more, visit: www.fbn.com.
Media:
Keith Chapman
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NEW YORK & CHARLOTTE, N.C.--(BUSINESS WIRE)--Sunlight Financial (“Sunlight”), a premier, technology-enabled point-of-sale financing company, today announced the closing of its previously-announced business combination (the “Business Combination”) with Spartan Acquisition Corp. II (“Spartan”) (NYSE:SPRQ), a publicly-traded special purpose acquisition company sponsored by funds managed by an affiliate of Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, “Apollo”). The Business Combination was approved yesterday by Spartan’s stockholders.
The combined company is named Sunlight Financial Holdings Inc. and on July 12, 2021, its common stock will begin trading on the New York Stock Exchange (“NYSE”) under the ticker symbol “SUNL”, while its warrants will trade on the NYSE under the ticker symbol “SUNLW”. Sunlight Financial LLC will be the new public holding company’s sole operating subsidiary and Sunlight’s existing management team will continue to lead the business.
“This is a momentous day for Sunlight and we are excited to accelerate the transition to a clean energy future as a publicly-traded company,” said Matt Potere, Chief Executive Officer of Sunlight. “As demand for residential solar and battery storage solutions continues to grow, Sunlight is well-positioned to extend its lead as the point-of-sale technology platform of choice and provide frictionless financing for solar and home improvement customers, contractors and capital providers. We look forward to further scaling our business and executing on our strategic goals to deliver sustainable and profitable growth and create long-term value for our stockholders.”
The Business Combination was funded by a combination of Spartan’s cash-in-trust and $250 million of proceeds from the previously-announced private placement of Spartan’s shares, which was fully committed by a pool of institutional and other accredited investors.
“As a company at the nexus of fintech, solar and ESG, Sunlight has an incredible opportunity to empower more homeowners to embrace clean energy technologies,” said Geoffrey Strong, CEO of Spartan and Senior Partner, Co-head of Infrastructure and Natural Resources at Apollo. “We are excited to work with Matt and the entire Sunlight team as they continue in their mission to provide affordable, responsible financing to accelerate America’s transition to clean energy.”
Citi acted as exclusive financial advisor to Sunlight. Credit Suisse, Citi and Cowen acted as PIPE placement agents to Spartan. Hunton Andrews Kurth LLP acted as the legal advisor to Sunlight, Vinson & Elkins L.L.P. acted as the legal advisor to Spartan, Latham & Watkins LLP acted as the legal advisor to the placement agents, and Gibson Dunn & Crutcher LLP advised a transaction committee of the Board of Directors of Spartan.
About Sunlight Financial
Sunlight Financial is a premier, technology-enabled point-of-sale finance company. Sunlight partners with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements. Sunlight’s best-in-class technology and deep credit expertise simplify and streamline consumer finance, ensuring a fast and frictionless process for both contractors and homeowners. For more information, visit www.sunlightfinancial.com.
About Spartan Acquisition Corp. II
Spartan is a special purpose acquisition entity focused on the energy value chain in North America and was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Spartan is sponsored by Spartan Acquisition Sponsor II LLC, which is owned by a private investment fund managed by an affiliate of Apollo Global Management, Inc. (together with its subsidiaries, “Apollo”) (NYSE:APO). For more information, please visit www.spartanspacii.com.
Forward-Looking Statements
The information included herein and in any oral statements made in connection herewith may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act, as amended. All statements, other than statements of present or historical fact contained herein regarding the Business Combination are forward-looking statements. Forward-looking statements may generally be identified by the use of words such as “could,” “should,” “would,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “plan,” “continue,” “project,” or the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Sunlight disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. Sunlight cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Sunlight. In addition, Sunlight cautions you that the forward-looking statements contained herein are subject to the following factors: (i) the effect of the Business Combination on Sunlight’s business relationships, operating results, and business generally; (ii) the outcome of any legal proceedings that have been or may be instituted in connection with the Business Combination; (iii) the risk that the Business Combination disrupts Sunlight’s current plans and operations, including potential difficulties in Sunlight’s employee retention as a result of the Business Combination; (iv) Sunlight’s ability to realize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition and the ability of the Sunlight to grow and manage growth profitably following the Business Combination; (v) costs related to the Business Combination; (vi) changes in applicable laws or regulations; (viii) the ability to meet the NYSE’s continued listing standards following the consummation of the Business Combination and (viii) the possibility that Sunlight may be adversely affected by other economic, business, and/or competitive factors. Should one or more of the risks or uncertainties described herein, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the Spartan’s and Sunlight’s periodic filings with the SEC, including Spartan’s Amendment No. 1 to Annual Report on Form 10-K/A filed with the SEC on May 11, 2021, its Current Reports on Form 8-K, as well as the definitive proxy statement/prospectus. Spartan’s and Sunlight’s SEC filings are available publicly on the SEC’s website at www.sec.gov.
Sunlight Financial:
Investor Relations
Lucia Dempsey, Sunlight Financial
Garrett Edson, ICR
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888.315.0822
Public Relations
Doug Donsky / Brian Ruby, ICR
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646.677.1844
Spartan Acquisition Corp. II:
Investor Relations:
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Media:
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TEL AVIV, Israel--(BUSINESS WIRE)--#CO2--Nostromo, an ice-powered energy storage company, announces that it will trade on the Tel Aviv Stock Exchange under the ticker NOST. On June 21st, the company completed a merger with the Tel Aviv Stock Exchange (TASE) listed company Somoto. Following the merger, the company’s name was changed to “Nostromo Energy Limited”.
Nostromo is commercializing the world’s most advanced modular energy storage technology for cooling commercial and industrial buildings. The technology harnesses the power of renewables to meet the growing demand for cooling driven by Global Warming, while reducing stress on the grid. This summer, the company will be cutting the ribbon on its system at Medinol’s headquarters.
About Nostromo
Nostromo accelerates the renewable energy revolution. Its sustainable energy storage solution enables commercial and industrial buildings to become large scale energy assets. This benefits building owners, the electric grid and ultimately paves the way for a carbon-free future. Nostromo’s revolutionary technology, the Nostromo IceBrick™, stores energy during off-peak or surplus solar hours and uses it for cooling during peak hours. Nostromo’s solution is safe, clean, cost-effective and highly modular, making it ideal for installation in existing commercial buildings and industrial facilities. For more information, please visit: https://www.nostromo.energy
Media Contact
Lea Berdugo
ReBlonde for Nostromo
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PORTLAND, Ore.--(BUSINESS WIRE)--Northwest Natural Holding Company (NYSE: NWN) (NW Natural Holdings) announced today it will issue its second quarter and year-to-date 2021 earnings release and conduct an analyst conference call and webcast to review results at 8 a.m. Pacific Time (11 a.m. Eastern Time) on Thursday, August 5, 2021.
To hear the conference by webcast, log on to NW Natural Holdings’ corporate website at ir.nwnaturalholdings.com. To hear the conference call by phone, please dial 1-866-267-6789 within the United States and 1-855-669-9657 from Canada. International callers can dial 1-412-902-4110.
To access the conference replay, please call 1-877-344-7529 within the United States and enter the conference identification pass code 10154449. To hear the replay from Canada, please dial 1-855-669-9658 and from international locations, please dial 1-412-317-0088.
About NW Natural Holdings
Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon and has been doing business for more than 160 years. It owns Northwest Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), and other business interests.
NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 770,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 20 Bcf of underground gas storage capacity in Oregon.
NW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas. NW Natural Water currently serves approximately 63,000 people through about 26,000 connections. Learn more about our water business at nwnaturalwater.com.
Additional information is available at nwnaturalholdings.com.
Investor and Media Contact:
Nikki Sparley
Phone: 503-721-2530
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-- JetBlue Launches New Partnership with World Energy and World Fuel Services to Fuel Flights from its Los Angeles Focus City with Sustainable Aviation Fuel --
NEW YORK--(BUSINESS WIRE)--JetBlue (Nasdaq: JBLU) has entered into a new relationship with World Energy and World Fuel Services for sustainable aviation fuel (SAF) at Los Angeles International Airport (LAX). JetBlue’s LAX flights using SAF started this month. This increase in the airline’s usage of SAF includes 1.5 million gallons of blended SAF a year for at least three years, accounting for approximately five percent of JetBlue’s LAX fuel.
Renewable fuel options will play a critical role in the aviation industry’s transition to lower-carbon operations. This is the latest step for JetBlue as the airline works to achieve its ambitious and comprehensive environmental social governance (ESG) targets, including a goal of net-zero carbon emissions by 2040. Last year, JetBlue became the first major U.S. airline to achieve carbon neutrality on all domestic flying, today primarily through carbon offsets while the SAF industry continues to grow, and lower-carbon technologies to reduce direct emissions.
“JetBlue is facing climate change head on and preparing our business for a new climate reality,” said Sara Bogdan, director of sustainability and environmental social governance. “Sustainable aviation fuel is one of the most promising ways to rapidly reduce air travel emissions and help our industry move toward our net-zero goals. We are focused on growing our use of sustainable aviation fuel to replace conventional fossil-based jet fuel in our focus cities as it becomes available. It has not historically had the same policy support as other low carbon fuels and comes at a premium today. We’re excited by the prospect of additional policy support to help grow and scale sustainable aviation fuel, helping to usher in a lower-carbon future for aviation.”
This follows JetBlue’s move to fuel flights from San Francisco International Airport (SFO) with SAF with another fuel provider. World Energy, a zero-now solutions provider for transport and the industry’s first commercial-scale producer of SAF, is supplying JetBlue fuel at LAX from its facility in Paramount, Calif. JetBlue is World Energy’s second U.S. commercial airline partner to incorporate SAF into its regular operations. Made from inedible agricultural waste, World Energy’s SAF is certified by the Roundtable on Sustainable Biomaterials to reduce emissions by up to 80 percent per gallon before being blended with petroleum jet fuel. Delivery of the fuel into LAX will be managed by World Fuel Services, JetBlue’s fuel management company.
“JetBlue is taking aggressive action utilizing tools available today to deliver on their net-zero carbon emissions goals,” said Bryan Sherbacow, chief commercial officer, World Energy. “Expanding commercial use of sustainable aviation fuel is critical in changing the industry’s carbon outcomes. World Energy is excited to partner with JetBlue in fueling their success in transitioning to a zero-carbon aviation industry.”
“We are honored to support JetBlue’s comprehensive sustainability strategy through our steady supply of sustainable aviation fuel,” said Brad Hurwitz, senior vice president – supply and trading, World Fuel Services. “Since 2014, World Fuel Services has delivered more than 22.1 million gallons of cleaner-burning, low-carbon sustainable aviation fuel. With World Energy, we continue to focus on increasing sustainable aviation fuel availability and supply chain efficiency for aviation.”
JetBlue views robust oversight of key ESG issues as good for business and for generating long-term value, and recognizes that customers expect clean, efficient, and affordable travel. That’s why JetBlue is helping lead the path in sustainable aviation.
LAX is one of JetBlue’s most successful and busiest markets, climbing to 40 flights per day to 23 markets this summer, allowing significant growth opportunities for the airline’s network. With support from Los Angeles World Airports (LAWA), JetBlue plans to embark on meaningful expansion at LAX over the next five years – both domestically and internationally into multiple markets with plans to reach about 70 flights per day by 2025.
“Los Angeles World Airports (LAWA) is committed to achieving ambitious sustainability goals, including net-zero carbon emissions and 100% renewable energy for LAX facilities by 2045,” said Justin Erbacci, chief executive officer, LAWA. “We are thrilled that JetBlue is supporting this bold agenda to help combat climate change through the use of sustainable aviation fuel.”
JetBlue’s Decarbonization Strategy
Carbon neutrality on its domestic flights is just one way JetBlue is preparing for a changing climate and ensuring a more sustainable business for its crewmembers, customers, shareholders and communities. JetBlue’s carbon reduction efforts focus on decreasing emissions through fuel-efficient operations and aircraft, growing usage of SAF, and supporting the next generation of low-emissions aircraft technologies.
Earlier this year the airline announced emission reduction targets, including efforts to:
Reduce direct emissions:
Increase usage of sustainable energy:
JetBlue’s focus on climate leadership – JetBlue’s environmental social governance (ESG) strategy focuses on issues that have the potential to impact its business and the industry in the long-term. Customers, crewmembers and community, as well as stakeholders, are key to JetBlue's climate and sustainability strategy. Demand from these groups for responsible service is one of the motivations to further reduce the airline’s environmental impact. Shareholders, including many crewmembers, have demanded that JetBlue’s ESG strategy benefit stakeholders and the airline’s financial position. Tying ESG to its treasury function, including cash investments and a sustainability-linked loan with some terms dependent on the airline’s ESG scores, further demonstrates JetBlue’s commitment to combat climate change.
JetBlue’s 2019 Environmental Social Governance (ESG) Report identifies key sustainability factors that affect the airline’s business and financial performance. For more information, visit jetblue.com/sustainability.
About JetBlue Airways
JetBlue is New York's Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando, and San Juan. JetBlue carries customers across the U.S, Caribbean, and Latin America. For more information, visit jetblue.com.
About World Energy
World Energy exists to deliver ever-better solutions at scale to those leading the push to net-zero carbon transport. We empower those committed to net-zero carbon to cut emissions now. We operate a growing network of integrated fueling facilities to enable customers to meet their reduction commitments while growing their business. For more information, visit www.worldenergy.net.
About World Fuel Services
Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers worldwide. World Fuel Services sells and delivers liquid fuels, natural gas, electricity, renewable energy, and other sustainability solutions to its clients at more than 8,000 locations in more than 200 countries and territories through its Marine, Aviation, and World Kinect Energy Services divisions.
For more information visit www.wfscorp.com or www.world-kinect.com.
JetBlue Corporate Communications
Tel: +1.718.709.3089
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DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Wednesday, August 4, 2021.
Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, Senior Vice President and Chief Financial Officer Robert J. Adams, and Vice President, Controller and Chief Accounting Officer Steven W. Morris will present an overview of results and discuss other factors affecting performance during a conference call beginning at 10 a.m. Eastern time. Interested parties may listen to the conference live by calling (877) 303-5852 using passcode 9589033, or by accessing the webcast on ALLETE’s website, www.allete.com.
A replay of the call will be available through August 11, 2021, by dialing (855) 859-2056, conference identification number 9589033. The webcast will be accessible for one year at www.allete.com.
ALLETE is an energy company headquartered in Duluth, Minn. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth, BNI Energy in Bismarck, N.D., and has an eight percent equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com. ALE-CORP
Investor Contact:
Vince Meyer
218-723-3952
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Southern Oregon Wildfire Threatening Energy Imports to CA; Heat Wave Continues to Drive Up Energy Demand
Take Simple Actions Now to Reduce the Strain on the Power Supply
SAN FRANCISCO--(BUSINESS WIRE)--As a growing wildfire in Southern Oregon threatens transmission lines used to import energy to California, coupled with continued extreme temperatures across much of the state, California’s grid operator is asking residents to voluntarily conserve electricity this afternoon and evening to help ease the strain on the grid during crucial evening hours.
The Flex Alert, called by the California Independent System Operator (CAISO), was issued Friday and extended to Saturday from 4 p.m. to 9 p.m. The grid operator noted that when Flex Alerts were called last month, consumers united to significantly reduce their energy use. That allowed the grid operator to avoid or limit possible rotating power outages that can become necessary when demand for electricity outstrips capacity.
The National Weather Service has issued excessive heat warnings through the weekend for many regions within PG&E’s service territory. The grid operator’s statewide Flex Alert for Saturday asks all Californians to work together and conserve electricity.
Saving Energy at Home
Here are five ways Pacific Gas and Electric Company (PG&E) customers can cut their power use and help keep the lights (and air conditioning) on for everyone:
PG&E’s Demand Response programs offer incentives for business owners and residential customers who curtail their energy use during times of peak demand. PG&E has several of these programs, totaling about 261,000 enrolled PG&E customers.
PG&E’s website includes detailed information on these programs, which allow residential customers and business customers to save energy and money.
Customers can actively help by shifting energy use to morning and nighttime hours. Conservation can lower demand and reduce the duration of possible power interruptions.
PG&E is prepared for this extreme heat and, based on forecasts, doesn’t anticipate issues meeting increased demand for power.
Also, at this time, the grid operator has not indicated that it plans to call for rotating outages. PG&E does not project a need for a Public Safety Power Shutoff due to this weather, but the company’s meteorology team will continuously monitor conditions.
PG&E also urges customers to stay safe during this heat wave. The company funds cooling centers throughout its service area to help customers escape the heat and cool off. To find a center near you click here or call 1-877-474-3266.
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
BUFFALO, N.Y.--(BUSINESS WIRE)--Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, today announced that President and Chief Executive Officer Bill Bosway and Chief Financial Officer Tim Murphy are scheduled to present at the CJS Securities 21st Annual New Ideas Summer Conference, which will be held virtually, on Tuesday, July 13, 2021, at 3:05pmET, and hold meetings with investors that day.
The link to the live webcast of the Company’s presentation will be available by visiting Gibraltar’s website at https://ir.gibraltar1.com/reports-presentations.
About Gibraltar
Gibraltar Industries is a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets. With a three-pillar strategy focused on business systems, portfolio management, and organization and talent development, Gibraltar’s mission is to create compounding and sustainable value with strong leadership positions in higher growth, profitable end markets. Gibraltar serves customers primarily throughout North America. Comprehensive information about Gibraltar can be found on its website at www.gibraltar1.com.
LHA Investor Relations
Jody Burfening/Carolyn Capaccio
(212) 838-3777
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NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 28, 2021 at 10 a.m. Eastern Time to discuss its second quarter 2021 earnings release.
To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 4770318 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 4770318. This conference call will also be accessible by webcast (audio only).
A replay of the conference call will be available from July 28 through August 12, 2021 by dialing 855-859-2056 and entering the pass code 4770318. Outside the United States, parties should dial 404-537-3406 and enter the pass code 4770318.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/.
Forward-looking Statements
Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, uncertainties inherent in the measurement and interpretation of geological, geophysical and other technical data. Estimates and projections contained in this release are based on the Company’s current understanding and assessment based on reasonable assumptions. Actual results may differ materially from these estimates and projections due to certain risk factors discussed in the Corporation’s periodic filings with the Securities and Exchange Commission and other factors.
Investor contact:
Jay Wilson
(212) 536-8940
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Media contact:
Lorrie Hecker
(212) 536-8250
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TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE: NGL) (“Partnership” or “NGL”) is pleased to announce that a binding open season will start today, July 9, 2021 at 8:00 am Central Daylight Time for its wholly owned affiliate Grand Mesa Pipeline, LLC’s (“Grand Mesa”) crude oil pipeline. This open season will close on August 9, 2021 at 5:00 pm Central Daylight Time.
Grand Mesa provides takeaway capacity for crude oil producers in the Denver-Julesburg Basin. It originates in Weld County, Colorado and extends approximately 550 miles southeast to NGL Crude Cushing, LLC’s storage terminal at Cushing, Oklahoma. The pipeline is capable of receiving and batch transporting up to 150,000 barrels per day for delivery into the Cushing hub, which affords its shippers access to both U.S. Midcontinent refining and trading markets as well as the Texas Gulf Coast refinery complex. The pipeline not only supports the continued growth and production in the area, but does so in a cost-effective and environmentally responsible way by reducing the current utilization of rail and truck transportation.
In 2016, NGL held an open season seeking commitments from shippers interested in shipping on Grand Mesa’s pipeline system. In response to the 2016 open season, Grand Mesa signed transportation service agreements with multiple shippers. Due to recent shipper bankruptcies and related contract terminations, committed capacity on Grand Mesa’s system has become available again. Accordingly, NGL is holding the current open season to re-contract available capacity on the Grand Mesa pipeline. The transportation services under this open season process are being offered pursuant to terms and conditions that are substantially similar to those applicable to the committed shippers that signed transportation service agreements in the 2016 open season, as specified in the open season documents.
Potential shippers will have access to the open season documents upon execution of a confidentiality agreement with Grand Mesa. The Confidentiality Agreement, and open season documents, can be obtained by contacting one of the contacts listed below.
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 logistic 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.
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.
Contacts For Open Season
NGL Energy Partners LP
Derek Graham
VP Business Development – Crude Assets
713-496-3904
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or
Carl Peterson
VP Business Development
713-496-3955
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General Contact
NGL Energy Partners LP
Trey Karlovich, 918-481-1119
Chief Financial Officer and Executive Vice President
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SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced that it will host a conference call on Thursday, August 5, 2021 at 9:00 a.m. Central Time to discuss the second quarter 2021 earnings results, which will be released earlier that day. The conference call may be accessed by dialing toll-free 844/889-7787, reservation passcode 5176327. International callers may access the conference call by dialing 661/378-9931, reservation passcode 5176327. The partnership intends to have a playback available following the conference call, which may be accessed by dialing toll-free 855/859-2056, reservation passcode 5176327. International callers may access the playback by dialing 404/537-3406, reservation passcode 5176327.
Persons interested in listening to the live presentation or a replay via the internet may access the presentation directly at https://edge.media-server.com/mmc/p/8d35675z or by logging on to NuStar Energy L.P.’s website at www.nustarenergy.com.
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 73 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels and specialty liquids. The partnership’s combined system has approximately 72 million barrels of storage capacity, and NuStar has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and our Sustainability page at www.nustarenergy.com/Sustainability.
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
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (“Pioneer”) (NYSE:PXD) today announced its second quarter 2021 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Monday, August 2, 2021.
A conference call is scheduled for Tuesday, August 3, 2021, at 9:00 a.m. Central Time to discuss the second quarter results. Instructions on how to listen to the call and view the accompanying presentation are shown below.
Internet: www.pxd.com
Select “Investors” then “Earnings & Webcasts” to listen to the discussion and view the presentation.
Telephone: Dial (888) 204-4368 confirmation code 6765607 five minutes before the call. View the presentation via Pioneer’s internet address above.
A replay of the webcast will be archived on Pioneer’s website. Alternatively, an audio replay will be available through August 30, 2021. To register and access the replay, click here and enter confirmation code 6765607.
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 Contacts:
Investors
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Greg Wright – 972-969-1770
Media and Public Affairs
Tadd Owens – 972-969-5760
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW), one of the world’s largest logistics platforms, announced today that it will issue second quarter 2021 results via press release after the market closes on Tuesday, July 27, 2021. The company will hold a conference call from 4:00-5:00 pm Central Time on the same day to discuss the quarterly results and answer live questions from the investment community.
Hosting the conference call will be Bob Biesterfeld, Chief Executive Officer; Mike Zechmeister, Chief Financial Officer; and Chuck Ives, Director of Investor Relations.
Presentation slides and a simultaneous audio webcast of the conference call may be accessed at http://investor.chrobinson.com.
To participate in the conference call by telephone, please call ten minutes early by dialing 877-269-7756. International callers should dial +1-201-689-7817.
An audio replay will be available at http://investor.chrobinson.com. An audio replay will also be available by telephone until 7:00 p.m. Central Time on August 3, 2021 by calling 1-877-660-6853 and dialing the passcode 13721531#. International callers should dial +1-201-612-7415.
About C.H. Robinson
C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $21 billion in freight under management and 19 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multi-modal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our more than 105,000 customers and 73,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).
Source: C.H. Robinson
CHRW-IR
Chuck Ives, Director of Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
BOSTON--(BUSINESS WIRE)--#LifeIsOn--Schneider Electric, the leader in digital transformation of energy management and automation, today announced that it has been recognized by Microsoft as the company’s 2021 Sustainability Changemaker Partner of the Year Award winner. The award recognizes the impact Schneider has had helping its customers set and achieve decarbonization goals using its flagship EcoStruxure™ software solutions, which are underpinned by Microsoft technologies.
For the period from 2018-2020, Schneider Electric helped its customers save 134 million tons of CO2 emissions, now reaching 276 million tons saved by the end of the first quarter of 2021. The Group was named the world’s most sustainable corporation by Corporate Knights in February, helping companies to bridge the gap between setting climate change ambitions and achieving them. Using its EcoStruxure™ portfolio of solutions, which are powered by the most advanced evolution of Microsoft Azure, Schneider helps organizations set, achieve, measure and report on science-based decarbonization targets, while positively impacting their bottom line.
“Winning the 2021 Microsoft Sustainability Changemaker Partner of the Year Award is great recognition of the work we are doing together to tackle climate change. This is a highly valued relationship, and going forward, we will work on the on the implementation of a new co-innovate and co-sell solution named EcoStruxure™ Traceability Advisor. This solution will help our mutual customers connect the vast amount of data across their value chain to build a 360-degree resilient and traceable supply chain,” said Philippe Delorme, Executive Vice-President, Energy Management at Schneider Electric. “As the world’s most sustainable company by Corporate Knights, we know that the future is green, smart, people-centric, and powered by renewable energy, and we are humbled that our mission is shared by our partners, as we continue to expand our product offering and strengthen our 30-year relationship with Microsoft to build a sustainable future together.”
Customers Schneider Electric has helped, together with Microsoft, include JLL, one of the world’s largest owners of real estate. JLL has set bold commitments to reduce its carbon footprint and obtain actionable energy and sustainability data across its investment portfolio.
Darren Battle, JLL’s Asia-Pacific Head of Corporate Real Estate and Workplace says: “Thanks to Schneider’s EcoStruxure™ for Real Estate solution, JLL’s new Asia-Pacific headquarters in Singapore uses smart IoT technologies to support the company’s ambitions of creating the workplace of the future. This solution helps JLL improve the well-being of the occupants of the building, reduce energy use by 30%, and increase overall building value in a completely sustainable way.”
With this award, Schneider Electric was also recognized by Microsoft for developing a comprehensive energy management and sustainability strategy for Blackstone, one of the world’s largest private equity firms. Schneider Electric implemented its flagship ESG software solution, EcoStruxure™ Resource Advisor, to capture and normalize energy and utility data at all levels of Blackstone’s portfolio, from individual sites to regional cross sections.
Data from Resource Advisor allows Blackstone to negotiate contracts with utilities and other suppliers, getting the right source of energy at the lowest possible rates. The data is also used to develop sector-specific scorecards, which are automatically updated to drive program participation across critical KPIs. This has helped Blackstone to save tens of millions of dollars on its energy consumption from sustainability efforts and strategic energy sourcing. In September 2020, Blackstone set a goal of reducing carbon emissions by 15% within the first three years of buying any asset or company across its portfolio. Solutions from Schneider Electric are a key component of Blackstone’s success in achieving this goal.
With more than 15 years of sustainability leadership, Schneider Electric has also committed to achieve net zero across the entirety of its value chain by 2050, and, earlier this year, implemented its Zero Carbon Project, an ambitious new program designed to help its top 1,000 suppliers reduce their emissions 50% by 2025.
Find out more about the Microsoft Partner of the Year Award HERE.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog
Hashtags: #LifeIsOn #Sustainability #MSInspire #MSPartner #PartnersMakeMorePossible
Press
Schneider Electric
Thomas Eck
917-797-4974
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www.se.com
Investment expected to be immediately accretive to KMI shareholders
HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today closed on its previously announced acquisition of the business of Stagecoach Gas Services LLC (Stagecoach). The Stagecoach assets include 4 natural gas storage facilities with a total FERC-certificated working gas capacity of 41 billion cubic feet and a network of FERC-regulated natural gas transportation pipelines with multiple interconnects to major interstate natural gas pipelines, including Tennessee Gas Pipeline (TGP), a KMI subsidiary.
“We’re pleased to add this well-positioned natural gas infrastructure to our portfolio of natural gas assets and provide additional services to our customers in the Northeast,” said KMI’s President of Interstate Natural Gas Pipelines Kimberly S. Watson. “Natural gas continues to play a vital role as both a low emission fuel source and as a backstop to intermittent renewable power generation.”
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines and 144 terminals. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel, jet fuel, chemicals, ethanol, metals and petroleum coke. For more information, please visit www.kindermorgan.com.
Important Information Relating to Forward-Looking Statements
This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. Generally the words “expects,” “believes,” anticipates,” “plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are not historical in nature. Forward-looking statements in this news release include express or implied statements concerning the proposed transaction, including the anticipated benefits to KMI’s business and stockholders. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize or their ultimate impact on KMI’s operations or financial condition. Important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include the risks and uncertainties described in KMI’s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2020 (under the headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere) and its subsequent reports, which are available through the SEC’s EDGAR system at www.sec.gov and on KMI’s website at ir.kindermorgan.com. Forward-looking statements speak only as of the date they were made, and except to the extent required by law, KMI undertakes no obligation to update any forward-looking statement because of new information, future events or other factors. Because of these risks and uncertainties, readers should not place undue reliance on these forward-looking statements.
KINDER MORGAN CONTACTS
Melissa Ruiz
Director, Corporate Communications
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Investor Relations
(800) 348-7320
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HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared the quarterly cash distribution paid to limited partners holding Enterprise common units with respect to the second quarter of 2021 of $0.45 per unit, or $1.80 per unit on an annualized basis.
The quarterly distribution will be paid Thursday, August 12, 2021, to unitholders of record as of the close of business Friday, July 30, 2021. This distribution represents a 1.1 percent increase over the distribution declared with respect to the second quarter of 2020.
Enterprise will announce its earnings for the second quarter of 2021 on Wednesday, July 28, 2021, before the New York Stock Exchange opens for trading. Following the announcement, the partnership will host a conference call at 9 a.m. CT with analysts and investors to discuss earnings. The call will be webcast live on the Internet and may be accessed through the “Investors” section of the partnership’s website at www.enterpriseproducts.com. A replay of the webcast will be available for one week following the conference call and may be accessed approximately one hour after completion of the call.
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 import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets currently include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Enterprise’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Enterprise’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations (713) 381-3635
HOUSTON & NEW YORK--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) and Consolidated Edison, Inc. (NYSE: ED) (“Con Edison”) today announced the successful divestiture of the subsidiaries of Stagecoach Gas Services LLC (“Stagecoach”), with the exception of Twin Tier Pipeline LLC, to a subsidiary of Kinder Morgan, Inc. (NYSE: KMI) for $1.195 billion. The cash proceeds from the divestiture were shared between Crestwood and Con Edison in line with each member’s 50% ownership interest in the joint venture. The closing of the remainder of the transaction, which consists of the Twin Tier Pipeline LLC, for an additional $30 million, is subject to New York state regulatory approval and is expected to close during the first quarter 2022.
Stagecoach is comprised of premier natural gas pipeline and storage facilities that provide a critical link between robust natural gas supply and Northeast US demand markets. Located in New York and Pennsylvania, Stagecoach consists of four natural gas storage facilities (Stagecoach, Thomas Corners, Steuben and Seneca Lake) with a combined storage capacity of approximately 41 Bcf and three natural gas pipelines (MARC I, North/South and the Twin Tier Pipeline) with a combined delivery capacity of approximately 3 Bcf per day.
Forward-Looking Statements
This news release contains forward-looking statements that are intended to qualify for the safe-harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “expects,” “believes,” anticipates,” “intends,” “plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are statements of future expectations and not facts. Forward-looking statements reflect information available and assumptions at the time the statements are made, and speak only as of that time. Actual results may differ materially from those included in the forward-looking statements because of various factors such as those identified in reports Crestwood and Con Edison have filed with the Securities and Exchange Commission, which are available through the SEC’s EDGAR system at www.sec.gov and on each party’s respective website. Readers are cautioned not to place undue reliance on forward-looking statements. Crestwood and Con Edison assume no obligation to update forward-looking statements.
About Crestwood Equity Partners LP
Houston, Texas, based Crestwood Equity Partners LP (NYSE: CEQP) is a master limited partnership that owns and operates midstream businesses in multiple shale resource plays across the United States. Crestwood is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling and marketing of NGLs; gathering, storage, terminalling and marketing of crude oil; and gathering and disposal of produced water. Visit Crestwood Equity Partners LP at www.crestwoodlp.com; and to learn more about Crestwood’s sustainability efforts, please visit https://esg.crestwoodlp.com.
About Con Edison
Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $12 billion in annual revenues and $62 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric service in New York City and New York’s Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,300-square-mile-area in southeastern New York State and northern New Jersey; Con Edison Clean Energy Businesses, Inc., the second-largest solar developer in the United States and the seventh-largest worldwide, which, through its subsidiaries develops, owns and operates renewable and sustainable energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which falls primarily under the oversight of the Federal Energy Regulatory Commission and through its subsidiaries invests in electric transmission projects supporting its parent company’s effort to transition to clean, renewable energy. Con Edison Transmission manages, through joint ventures, both electric and gas assets while seeking to develop electric transmission projects that will bring clean, renewable electricity to customers, focusing on New York, New England, the Mid-Atlantic states and the Midwest.
Crestwood Equity Partners LP
Investor Contact
Josh Wannarka, 713-380-3081
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Senior Vice President, Investor Relations, ESG & Corporate Communications
Rhianna Disch, 713-380-3006
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Director, Investor Relations
Sustainability and Media Contact
Joanne Howard, 832-519-2211
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Vice President, Sustainability and Corporate Communications
Consolidated Edison, Inc.
Media Relations
Jamie McShane, 212-460-4111 (24 hours)
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Director, Media Relations
Investor Contact
Jan Childress, 212-460-6611
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Director, Investor Relations
New program by renewable energy retailer rewards Texas customers with cash in exchange for conserving energy during times of peak energy usage
HOUSTON--(BUSINESS WIRE)--Renewable energy retailer Octopus Energy today announced the launch of its first-ever Superpower Savings program to financially reward its Texas customers who conserve energy during times of extreme heat. The goal of the program is to decrease overall stress on the grid during peak demand events. Users can opt-in to the program through this link: https://octopus.typeform.com/to/mfSdrARN.
Customers with an EcoBee thermostat can benefit from Superpower Savings by allowing Octopus Energy to control their smart thermostat and automatically set it at an 80 degree threshold the next time the grid is hitting load capacity. In return, users will receive a credit on their next bill statement for helping to conserve energy during peak times. Customers without a smart thermostat can also participate by opting to receive a notification for the next Superpower Savings event and texting Octopus Energy their account number and a picture of their thermostat set to at least 80 degrees to receive a reward. Octopus Energy’s Superpower Savings program will soon be integrated with other smart thermostats.
“With a rapidly growing population, extreme weather events like Winter Storm Uri and the major heat waves we are already seeing this summer pose a threat to our overburdened electrical grid. What most consumers don’t know, however, is that by raising the temperature of your thermostat just a few degrees, you can help decrease overall stress on the grid and reduce the chance of rolling blackouts during extreme weather. Texans have historically always lent a helping hand. This is the modern equivalent of helping your neighbor, while also getting money back,” said Michael Lee, CEO of Octopus Energy U.S. “Octopus Energy’s Superpower Savings program aims to give our customers the financial benefits when they are conserving energy at critical points in time.”
With weather extremes reaching new heights across the globe, the vulnerability of the current power system is becoming increasingly apparent. In preparation for the record-breaking hot summer and high energy usage that come with it, Octopus Energy created Superpower Savings as a way to engage Texans to help the state conserve energy during extreme weather and avoid a grid reliability issue.
In addition to the Superpower Savings program, Octopus Energy gives customers full wholesale power credits when they sell back to the grid. That means those customers who have solar or generators at home can support the stability of the grid while also putting cash back in their pockets.
To participate in the next Superpower Savings event, users can opt-in at https://octopus.typeform.com/to/mfSdrARN or reach out to This email address is being protected from spambots. You need JavaScript enabled to view it. with any questions.
About Octopus Energy
Octopus Energy Group is a technology-driven, renewable energy retailer, directly supplying over 2 million customers globally with 100% green electricity at a cheaper price and with a focus on incredible customer service. Founded five years ago as a global energy retailer, Octopus Energy entered the U.S. market in 2020, forming Octopus Energy U.S. and fueling the company’s global expansion. Octopus Energy is valued at over $2 billion and is one of energy-tech’s fastest-growing private companies. To learn more, visit: www.octopusenergy.com
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Pakelody Cheam
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