nanoActiv® Treatment Preserves Wells During Widespread Shut-ins

PASADENA, Texas, May 28, 2020 /PRNewswire/ — Many oil and gas well operators have taken a severe hit to their business and are looking for ways to best preserve resources during the current glut. An oversupply of oil has driven down price, prompting many operators to shut in wells across the country. Those experiencing long-term shutdowns could see oil moving away from their wells due to the porosity of rocks, making it more difficult to recover oil from these already low-pressure regions. These shut-ins can also be risky with potential formation damage causing future lost production and lower overall recovery.

Nissan Chemical America Corporation’s (NCA) nanoActiv® solutions have proven to work as a sustainable solution for operators looking to preserve the health of their wells—preparing them to perform at peak levels when reopened. nanoActiv®’s innovative technology employs inorganic nanoparticles in a colloidal dispersion—harnessing the power to penetrate porous media on a nanoscopic scale. The nanoActiv® particles employ a Brownian-motion, diffusion-driven mechanism known as disjoining pressure1—fragmenting hydrocarbons into smaller droplets, altering the wettability of the rock, and minimizing asphaltene, paraffin and other formation damage deposition on the pore walls.

Treating a well with nanoActiv® can alter the wettability of the rock surface, providing a preferential coating of nanoparticles which may help prevent asphaltene, condensate, and/or paraffin deposition. “Our desire is to see operators prepared to successfully meet demand as the industry recovers,” says NCA President William Smith. “Utilizing nanoActiv® before a shut-in can dramatically boost production when the well is reopened and is vital to preventing long-term damage that can occur if left untreated.”

nanoActiv® Technologies are designed to penetrate deep into the reservoir and persist with long efficacy.

1Wasan and Nikolov Nature, Vol. 423, 2003

About nanoActiv®
nanoActiv® solutions are high-efficiency intervention additives and methods—maximizing hydrocarbon production rates for production services (remediation and restimulation) and new completions.

For more information on nanoActiv®, visit www.nanoactiv.com.

About Nissan Chemical America Corporation (NCA)
Nissan Chemical America Corporation is a division of Nissan Chemical Corporation founded in 1887 as the first chemical fertilizer manufacturer in Japan. A forerunner in chemical innovations for more than 130 years, Nissan Chemical currently manufactures products for the chemical, agrochemical, and pharmaceutical industries and is a market leader in the production of nanomaterials for the automotive, coatings, electronics, and oil and gas recovery industries.

Nissan Chemical America Corporation Press Contact:
Rick Moir, President/CEO | Paper & String, Inc.
tel 541.773.8011 | wireless 541.601.8747
rick@paperandstring.com | paperandstring.com

 

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SOURCE Nissan Chemical America Corporation

Georgia Power customers to see approximately $10 reduction in monthly summer bills

PSC approves Company’s request to lower fuel rates by 17.2 percent over the next two yearsSpecial interim reduction over summer months to provide customers additional relief during COVID-19

ATLANTA, May 28, 2020 /PRNewswire/ — The Georgia Public Service Commission (PSC) approved Georgia Power’s plan to reduce its fuel rates by 17.2 percent and total billings by approximately $740 million over a two-year period. This reduction will lower the total monthly bill by approximately $5.32 for the typical residential customer using 1,000 kilowatt-hours per month beginning June 1, 2020.

In addition, the implementation of a special interim reduction will provide customers additional relief during the COVID-19 pandemic through even lower fuel rates over the upcoming 2020 summer months. When paired with the new lower fuel rates, the special interim reduction will lower the total bill of a typical residential customer using an average of 1,000-kilowatt hours by a total of $10.26 per month from June through September 2020.

“At Georgia Power, our diverse fuel mix enables us to take advantage of the most cost-effective resources throughout the year and pass along savings to customers. Working with the Public Service Commission and Staff to reach today’s approved agreement, we saw an opportunity to pass along those savings in a way that will provide additional relief to customers navigating the impacts of COVID-19 this summer,” said Paul Bowers, chairman, president and CEO of Georgia Power.

The reduction in the company’s fuel rate is driven primarily by lower natural gas prices as a result of increased natural gas supplies. By working with the PSC, Georgia Power proactively plans and develops a diverse and balanced energy mix including nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Fuel rates are set separately from base rates. Georgia Power’s last fuel adjustment was in 2016.

In addition to the planned reduction in fuel rates, Georgia Power completed earlier this year the third and final bill credits associated with the Tax Cuts and Jobs Act of 2017, resulting in credits totaling $106 million. The typical residential customer using an average of 1,000 kilowatt-hours per month received a credit of approximately $22 on their February Georgia Power bill.

To learn more about how Georgia Power delivers rates below the national average, cultivates a diverse energy mix to ensure reliable and affordable power, as well as free energy services and programs available for customers, visit www.georgiapower.com.

About Georgia Power

Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America’s premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company’s promise to 2.6 million customers in all but four of Georgia’s 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).

 

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SOURCE Georgia Power

Carbon Market: Results of May 20th Auction held between Québec and California

QUÉBEC, May 28, 2020 /CNW Telbec/ – The results of the May 20, 2020 greenhouse gas (GHG) emission units auction held jointly with the California Air Resources Board (CARB) were made public today.

During the sale, 21,161,000 current vintage emission units were sold at $23.17 CA ($16.68 US), and 1,763,000 2023 vintage emission units went for $23.17 CA ($16.68 US). The sale generated in the order of 82 million Canadian dollars in revenue for Québec. This entire amount will be paid into the Green Fund to finance the measures contained in the 2013-2020 Climate Change Action Plan, for the benefit of Québec society.

Quick facts:

  • Until now, the carbon market has generated revenue of over 4.1 billion dollars for Québec, all of which is used to support Québec companies, municipalities, institutions and citizens in their transition to a low carbon world.
  • The next auction will take place on Tuesday, August 18, 2020. An official notice will be published on the MELCC website 60 days before the auction, as stipulated in the regulation. The registration period will begin on the day the notice is published.
  • Québec adopted GHG emission reduction targets below 1990 levels of 20% by 2020 and of 37.5% by 2030. As a signatory to the Under2 Memorandum of Understanding (MOU), Québec has a reduction objective of 80 to 95% by 2050.

Associated link:

SOURCE Ministère de l’Environnement et de la Lutte contre les changements climatiques

FirstEnergy Named to DiversityInc 2020 Top Utilities and Board of Directors Lists

AKRON, Ohio, May 8, 2020 /PRNewswire/ — For the second consecutive year, FirstEnergy Corp. (NYSE: FE) has been recognized by DiversityInc as one of the top six utilities in the nation for its workforce diversity and inclusion initiatives, moving up one spot this year from fifth to fourth place. In addition, the company ranked eight out of 11 on the inaugural DiversityInc list of Top Companies for Board of Directors.

Each year, DiversityInc evaluates companies based on survey responses that detail the makeup of their workforce, talent programs, leadership accountability, workplace practices, philanthropy and supplier diversity. An overall Top 50 list is developed from the survey data, and subsets of the same data are used to determine several specialty lists, including utilities.

New to the DiversityInc specialty lists for 2020 is the Top Companies for Board of Directors. To determine the Board of Directors list, DiversityInc considered the diversity of each company’s board of directors, as well as participation of diverse members on key committees, such as governance and compensation.

“FirstEnergy’s selection for two of DiversityInc’s lists this year is a testament to our unwavering commitment to our core value of diversity and inclusion,” said Christine L. Walker, FirstEnergy’s senior vice president and chief human resources officer. “We will continue to further embed diversity and inclusion in FirstEnergy’s culture, allowing us to better serve our customers and shareholders and provide a rewarding work experience for all employees.”

FirstEnergy continues to build momentum in its diversity and inclusion efforts. The company’s employee business resource groups (EBRGs) are growing and playing a key role in engaging employees and creating an inclusive environment. Additionally, the company has focused on enhancing its hiring, recruiting and talent development processes to center around diversity and inclusion and give employees greater transparency into the talent management process.

Earlier this year, FirstEnergy was named to Forbes magazine’s Best Employers for Diversity 2020 list, as well as to the Bloomberg Gender-Equality Index (GEI) for the second consecutive year. Additionally, FirstEnergy received a score of 80 out of 100 for its initiatives to support LGBTQ employees in the company’s first year participating in the Human Rights Campaign’s 2020 Corporate Equality Index.

The mission of DiversityInc is to bring education and clarity to the business benefits of diversity. The DiversityInc Top 50 Companies for Diversity list began in 2001, with more than 1,800 companies participating in the 2019 survey. To view DiversityInc’s specialty lists as well as the Top 50 list, visit www.diversityinc.com/top50.

FirstEnergy is dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation’s largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company’s transmission subsidiaries operate approximately 24,500 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Visit FirstEnergy online at www.firstenergycorp.com and follow FirstEnergy and its operating companies on Twitter: @FirstEnergyCorp, @OhioEdison, @ToledoEdison, @IlluminatingCo, @W_Penn_Power, @Penn_Power, @Penelec, @Met_Ed, @JCP_L, @PotomacEdison, @MonPowerWV.

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SOURCE FirstEnergy Corp.

Ur-Energy Reports Results of Annual and Special Shareholders’ Meeting

LITTLETON, Colo., May 8, 2020 /CNW/ — Ur-Energy Inc. (NYSE American:URG, TSX:URE)  (the “Company” or “Ur-Energy”) announces the results of the Company’s Annual and Special Meeting of Shareholders held May 7, 2020, including the election of Directors.

Each of the nominee Directors listed in the Company’s management proxy circular dated April 9, 2020 was elected as a Director. The Company received proxies with regard to voting on the seven Directors nominated for election, as follows:

Nominee

Votes For

%

Votes Withheld

%

Jeffrey T. Klenda

32,329,408

98.98

333,790

1.02

James M. Franklin

27,627,804

84.58

5,035,394

15.42

W. William Boberg

27,208,148

83.30

5,455,050

16.70

Thomas Parker

31,111,516

95.25

1,551,682

4.75

Gary C. Huber

27,847,433

85.26

4,815,765

14.74

Kathy E. Walker

31,314,160

95.87

1,349,038

4.13

Rob Chang

27,786,090

85.07

4,877,108

14.93

Additionally, there were 50,931,734 non-votes in the election.

The Company’s independent auditors PricewaterhouseCoopers LLP were reappointed by the Shareholders, and the Directors of the Company were authorized to fix the remuneration of the auditors.

The “say on pay” vote to approve executive compensation was approved with 86.29% of the votes cast voting for the non-binding advisory vote. The Company’s advisory vote on preferred frequency of voting on executive compensation, or “say when on pay,” was returned with a vote of 95.64% for every year, which was the recommendation made by the Company. Additionally, there were 1.01% of the votes made for every two years; and 2.51% for every three years (with .84% abstaining). The Board of Directors has adopted the preference expressed by the shareholders in this advisory vote and will conduct advisory votes on executive compensation every year until the Company’s next “say when on pay” vote in 2026. 

The renewal of the Ur-Energy Inc. Stock Option Plan was approved by a majority of the votes represented (80.47%). 

About Ur-Energy
Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. We have produced, packaged and shipped more than 2.6 million pounds from Lost Creek since the commencement of operations. Applications are under review by various agencies to incorporate our LC East project area into the Lost Creek permits and to operate at our Shirley Basin Project. Ur-Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Shares of Ur‑Energy trade on the NYSE American under the symbol “URG” and on the Toronto Stock Exchange under the symbol “URE.” Ur-Energy’s corporate office is in Littleton, Colorado; its registered office is in Ottawa, Ontario. Ur-Energy’s website is www.ur-energy.com.

FOR FURTHER INFORMATION, PLEASE CONTACT

Jeffrey Klenda, Chair and CEO
866.981.4588
Jeff.Klenda@Ur-Energy.com 

Cautionary Note Regarding ForwardLooking Information
This release may contain “forward‐looking statements” within the meaning of applicable securities laws regarding events or conditions that may occur in the future (e.g., completion of all regulatory authorizations for the LC East project and Shirley Basin project; maintenance of production operations at Lost Creek as projected) and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. Factors that could cause actual results to differ materially from any forward‐looking statements include, but are not limited to, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of ore which is mined varying from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; inflation; changes in exchange rates; fluctuations in commodity prices; delays in development and other factors described in the public filings made by the Company at https://www.sec.gov/edgar.shtml  and at https://sedar.com. Readers should not place undue reliance on forward‐looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur‐Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management’s beliefs, expectations or opinions that occur in the future.

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SOURCE Ur-Energy Inc.

Recon Technology, Ltd Announces the Appointment of Dr. Yonggang Duan to the Board of Directors

NEW YORK, March 26, 2020 /PRNewswire/ — Recon Technology, Ltd. (NASDAQ: RCON) (“Recon” or the “Company”), today announced that Dr. Yonggang Duan has been appointed to its Board of Directors as an independent director, effective March 19, 2020.

Dr. Duan is currently a researcher and doctoral supervisor, a third level professor and the director of the Oil Well Completion Technology Center at the School of Petroleum Engineering, Southwest Petroleum University. First graduated in 1984 major in oil recovery engineering, Dr. Duan got his master’s degree in 1988 and the Ph.D. degree in 2009 both major in oil and gas field development engineering from Southwest Petroleum University. Long engaging in teaching and scientific research in the field of oil and gas field development engineering and well completion, focusing on the research work on oil and gas reservoirs dynamic analysis, well testing and completion, Dr. Duan has won several awards and titles including outstanding experts with outstanding contributions in Sichuan Province, experts in oil and gas safety in Sichuan Province, and candidates for academic and technical leadership in Sichuan Province.

Dr. Duan has published more than 60 journals, including 20 SCI journals, 23 EI journals, and serval CSCD journals. He has participated in the writing of 4 monographs and 2 textbooks, both “Oil and Gas Layer Protection Technology” and “Reservoir Physics” have been listed as planning textbooks by the Ministry of Education. Dr. Duan was in charge of the National 973 Project “high-efficiency shale gas development technology -research on the theory and interpretation method of shale gas horizontal well fracturing test”, a national 863 project, 4 national major oil and gas projects, 10 other provincial and ministerial level projects. Dr. Duan has won 5 provincial and ministerial science and technology progress awards, including the first, the second and the third prizes.

“We are delighted to welcome Dr. Duan to our Board of Directors at this pivotal moment for the Company,” said Mr. Shenping Yin, co-founder, and CEO of Recon. “Dr. Duan’s deep scientific knowledge and reputation in the oil and gas industry promise to be an asset to the company under current challenging macroenvironment. We look forward to working with and learning from Dr. Duan.”

Dr. Duan said, “I’m looking forward to working with the Recon teams. Based on my experience of more than 30 years in the oil and gas projects, I hope to help Recon to improve technology and launch new products, therefore bring better sales expectations in the future.”

About Recon Technology, Ltd.

Recon Technology, Ltd. (RCON) is China’s first non-state-owned oil and gas field service company listed on NASDAQ. Recon supplies China’s largest oil exploration companies with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measures for increasing petroleum extraction levels, reducing impurities and lowering production costs. Since 2017, the Company has expanded its business operations into other segments of the broader energy industry including electric power, coal chemicals, renewable energy and environmental protection in the energy and chemical industries. Through the years, Recon has taken leading positions on several market segments of the oil and gas field service industry. Recon also has developed stable long-term cooperation relationships with its major clients, and its products and service are well accepted by clients. For additional information please visit: www.recon.cn.

Safe Harbor Statement

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, the effect of novel coronavirus and other health matters on target markets, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

IR contact:
Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: RCON@dgipl.com

 

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SOURCE Recon Technology, Ltd.

SBT Steps Up Efficiency Project Applications Amid Utility Program Closures

PHILADELPHIA, March 26, 2020 /PRNewswire/ — Smarter Building Technologies Alliance announces new program guidance that increases energy efficiency project applications amid recent suspensions of utility rebate programs.  

These new nationwide program guidelines are in response to the decision made by the regional utility, FirstEnergy, to suspend all energy efficiency rebate programs for the foreseeable future. In an email correspondence obtained by SBT Alliance, the regional electric utility announced that it would suspend all Pennsylvania C&I Energy Efficiency programs until further notice. 

  • Preserving the health and safety of our employees, contractors and customers is paramount during the coronavirus health emergency. To support this goal, effective immediately, FirstEnergy’s Pennsylvania utilities are temporarily suspending all C&I Energy Efficiency programs until further notice.” 

This latest utility development has spurred SBT Alliance to issue new program guidance for all project engineers and clients. This revised guidance includes increasing project applications to ensure that the majority, if not all, energy efficiency projects slated for 2020 will obtain critical utility-backed rebate and incentive dollars for clients. SBT Alliance is also working diligently with its utility partners to ensure program continuity to hedge any future project snags. SBT Alliance advises all electrical contractor partners, end-user clients, and industry allies to submit project applications in earnest.

  • Many of our electrical contractor and end-user clients are concerned about the effect COVID-19 will have on their current list of energy efficiency projects, and this announcement from FirstEnergy is proof there will be wide-ranging repercussions. We’re advising all of our clients and program partners to approve projects and submit all proper paperwork as soon as possible to ensure projects can move forward smoothly as this fluid situation continues to unfold.” – Shane Acernese, Chief Global Strategist, SBT Alliance. 

SBT Alliance advises all partners, end-users, or electrical contractors that have any active projects requiring utility program dollars, to contact SBT Alliance at their earliest to ensure applications are submitted ASAP: Info@SBT-Alliance.com

About SBT Alliance: Smarter Building Technologies Alliance committed to delivering innovative solutions that redefine how energy efficiency and Internet of Things (IoT) applications are engineered, deployed, and supported long term. Learn more about SBT Alliance, here: https://sbt-alliance.com/  

Kevin Martin
Smarter Building Technologies Alliance, Inc
1-800-832-2943  Ext. 704
kmartin@sbt-alliance.com

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SOURCE Smarter Building Technologies Alliance, Inc.

Containment vessel top placed for Vogtle Unit 4

All major lifts inside both containment vessels have now been completed for Vogtle 3 & 4 project

ATLANTA, March 27, 2020 /PRNewswire/ — The final major lifts inside the containment vessels for Georgia Power’s Vogtle 3 & 4 project are now complete following the placement of the Unit 4 containment vessel top head earlier today.

The containment vessel is a high-integrity steel structure that houses critical plant components. The top head is 130 feet in diameter, 37 feet tall, and weighs nearly 1.5 million pounds, more than two fully-loaded jumbo jets. It’s comprised of 58 large plates, welded together, each more than an inch and a half thick.

The milestone comes approximately a year after the Unit 3 containment vessel top was lifted into place.

“Placement of the Unit 4 top head is a culmination of the hard work and dedication of the Vogtle 3 & 4 team as we continue on the path to operation,” said Vogtle 3 & 4 Construction Executive Vice President Glen Chick.

Prior to lifting the containment vessel top head, workers successfully completed the placement of the 300-ton polar crane inside the Unit 4 containment vessel. Once the unit is in operation, the polar crane will be used during refueling outages to disassemble the reactor vessel and remove the reactor vessel’s integrated head package, which weighs approximately 475,000 pounds and contains more than three miles of specialty electrical cables.

The crane has been turned over to the project’s Initial Test Program, and the team will run the crane through various tests over the course of the next month to help ensure design requirements have been met and that all crane functions are operational. After testing, the crane will be used to assist in construction activities to place components inside the reactor vessel.

Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia, with more than 9,000 workers currently on site, and more than 800 permanent jobs available once the units begin operating.

Significant progress continues to be made at the construction site, with the project now approximately 84% complete.  

Follow the progress being made at the site with the Plant Vogtle 3 and 4 Online Photo Gallery and Georgia Power YouTube channel.

About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America’s premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company’s promise to 2.6 million customers in all but four of Georgia’s 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).

Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for construction of Plant Vogtle units 3 and 4 and job creation. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power’s Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the potential effects of the continued outbreak of the novel coronavirus (COVID-19), including disruptions to supply chains, reduced labor availability or productivity, and reduced economic activity, which could have a variety of adverse impacts, including reduced demand for energy and a negative impact on the ability to develop, construct, and operate facilities; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity; challenges with management of contractors or vendors; subcontractor performance; adverse weather conditions; shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor; contractor or supplier delay; delays due to judicial or regulatory action; nonperformance under construction, operating, or other agreements; operational readiness, including specialized operator training and required site safety programs; engineering or design problems; design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the U.S. Nuclear Regulatory Commission (“NRC”) necessary to support NRC authorization to load fuel; challenges with start-up activities, including major equipment failure, system integration or regional transmission upgrades; and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4 that could impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4 and pipeline projects, including Public Service Commission approvals and Federal Energy Regulatory Commission and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power’s business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power’s business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward‐looking information.

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SOURCE Georgia Power

COVID-19-Related Shutdowns Significantly Affect Regional Electric Use Without Impacting Electric System Resiliency, Reliability: EPRI Analysis

PALO ALTO, Calif., March 27, 2020 /PRNewswire/ — The Electric Power Research Institute (EPRI) published an analysis of the novel coronavirus (COVID-19) effects on electricity demand and use in Italy, Spain, New York, and California based on publicly available data.

These diverse electric power systems recorded reductions in peak demand and energy of 3 to 15 percent in the first two to three week days of each region’s shelter-in-place order when compared with the previous week and the same week in 2019.1

Italy:

  • During the first two days of the national shelter-in-place, the Italian system recorded reductions in weekday peak demand and energy use of 10 to 14 percent relative to that of the previous week and the same week in 2019.
  • During days five through eight of the national shelter-in-place, Italy’s system recorded reductions of 18 to 21 percent for peak and daily energy use relative to the same week in 2019.2

Spain:

  • During the first week of the national shelter-in-place, the Spanish system recorded reductions in weekday peak demand and energy use of up to 15 percent relative to that of the previous week and the same week in 2019.
  • During the second week of the national shelter-in-place, Spain’s system recorded reductions of 7 to 10 percent for peak and daily energy use relative to the same week in 2019.

United States:

  • During the first days of city- and state-wide shelter-in-place orders in New York and California, these states recorded a 3 to 7 percent decrease in peak demand and energy use, compared with the previous week and previous years, with morning peak apparently particularly impacted.

“The observed demand reductions are significant, but preliminary data indicate the electric power systems are resilient and can account for and respond to the reductions while reliably meeting customers’ needs,” said EPRI Vice President of Integrated Grid and Energy Systems Daniel Brooks.

The EPRI analysis also summarizes COVID-19-related actions to protect critical power system workers taken by transmission and distribution operators in various affected regions.It is available for download at EPRI.com.

EPRI is taking steps to minimize the spread of novel coronavirus and to help protect its employees, stakeholders, and communities. For more information about EPRI’s response, please click here.

About EPRI
The Electric Power Research Institute, Inc. (EPRI, www.epri.com) is a tax-exempt, non-profit organization, that conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public, on a non-discriminatory basis. An independent organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, health, safety and the environment. EPRI’s members represent more than 90 percent of the electricity generated and delivered in the United States, and international participation extends to nearly 40 countries. EPRI’s principal offices and laboratories are located in Palo Alto, Calif.; Charlotte, N.C.; Knoxville, Tenn.; and Lenox, Mass.

Contact info
Donald Cutler, EPRI
dcutler@epri.com
650.847.8077

1 Each region underlying mix of residential, commercial, and industrial electricity demand is different, and the analysis does not normalize the demand data for weather variations that also impact on demand.
2 Despite the reductions in magnitude, the load shape remained largely unchanged, according to premilinary data.

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SOURCE Electric Power Research Institute

NextEra Energy and NextEra Energy Partners to meet with investors through March

JUNO BEACH, Fla., Feb. 25, 2020 /PRNewswire/ — NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) today announced that members of the senior management team will participate in various investor meetings through March. They plan to discuss, among other things, long-term growth rate expectations for NextEra Energy and NextEra Energy Partners.

Investors and other interested parties can access a copy of the presentation materials at www.NextEraEnergy.com/investors or www.NextEraEnergyPartners.com.

NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns two electric companies in Florida: Florida Power & Light Company, which serves more than 5 million customer accounts in Florida and is the largest rate-regulated electric utility in the United States as measured by retail electricity produced and sold; and Gulf Power Company, which serves more than 470,000 customers in eight counties throughout northwest Florida. NextEra Energy also owns a competitive energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world’s largest generator of renewable energy from the wind and sun and a world leader in battery storage. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin. A Fortune 200 company and included in the S&P 100 index, NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. NextEra Energy is ranked No. 1 in the electric and gas utilities industry on Fortune’s 2020 list of “World’s Most Admired Companies” and ranked among the top 25 on Fortune’s 2018 list of companies that “Change the World.” For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.GulfPower.com, www.NextEraEnergyResources.com.

NextEra Energy Partners, LP
NextEra Energy Partners, LP (NYSE: NEP) is a growth-oriented limited partnership formed by NextEra Energy, Inc. (NYSE: NEE). NextEra Energy Partners acquires, manages and owns contracted clean energy projects with stable, long-term cash flows. Headquartered in Juno Beach, Florida, NextEra Energy Partners owns interests in geographically diverse wind and solar projects in the U.S. as well as natural gas infrastructure assets in Texas and Pennsylvania. For more information about NextEra Energy Partners, please visit: www.NextEraEnergyPartners.com.

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SOURCE NextEra Energy, Inc.; NextEra Energy Partners, LP