EQT Announces Proposed Public Offering Of Common Stock

PITTSBURGH, Oct. 27, 2020 /PRNewswire/ — EQT Corporation (NYSE: EQT) (the Company or EQT) announced today that it has commenced an underwritten public offering of 20,000,000 shares of its common stock (the Offering). The Company intends to grant the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of its common stock. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed.

The Company intends to use the net proceeds from the Offering to partially fund the purchase price of the Company’s recently announced acquisition of certain upstream and midstream assets located in the Appalachian Basin from Chevron U.S.A. Inc. (the Chevron Acquisition). The consummation of the Offering is not conditioned upon the completion of the Chevron Acquisition and the consummation of the Offering is not a condition to the completion of the Chevron Acquisition. If the Chevron Acquisition is not consummated, the Company intends to use the net proceeds of the Offering to repay or redeem outstanding indebtedness, including those with near-term maturities, and for general corporate purposes.

Citigroup, Credit Suisse, BofA Securities and Barclays are acting as joint book-running managers for the Offering. The Offering will be made only by means of a prospectus supplement and the accompanying base prospectus, which was filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission on Form S-3. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering, as well as copies of the final prospectus supplement once available, may be obtained on the Securities and Exchange Commission’s website at www.sec.gov or by contacting any of the following underwriters: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 800-831-9146; Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, by calling 1-800-221-1037, or by emailing usa.prospectus@credit-suisse.com; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC  28255-0001, Attn: Prospectus Department, or by emailing dg.prospectus_requests@bofa.com; and Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling 888-603-5847, or by emailing Barclaysprospectus@broadridge.com.

This news release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Investor Contact:
Andrew Breese
Director, Investor Relations
412.395.2555
ABreese@eqt.com

About EQT Corporation
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do.

Cautionary Statements
This news release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include statements regarding the Company’s plans and expected timing with respect to the Offering and Chevron Acquisition. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The Company has based these forward-looking statements on current expectations and assumptions about future events, taking into account all information currently available to the Company. While the Company considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond the Company’s control. The risks and uncertainties that may affect the operations, performance and results of the Company’s business and forward-looking statements include, but are not limited to, volatility of commodity prices; the costs and results of drilling and operations; access to and cost of capital; uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying production forecasts; the quality of technical data; the Company’s ability to appropriately allocate capital and resources among its strategic opportunities; inherent hazards and risks normally incidental to drilling for, producing, transporting and storing natural gas, natural gas liquids and oil; cyber security risks; availability and cost of drilling rigs, completion services, equipment, supplies, personnel, oilfield services and water required to execute the Company’s exploration and development plans; the ability to obtain environmental and other permits and the timing thereof; government regulation or action; environmental and weather risks, including the possible impacts of climate change; uncertainties related to the severity, magnitude and duration of the COVID-19 pandemic; and disruptions to the Company’s business due to acquisitions and other significant transactions. These and other risks are described under Item 1A, “Risk Factors,” and elsewhere in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, as updated by Part II, Item 1A, “Risk Factors” in the Company’s subsequently filed Quarterly Reports on Form 10-Q and other documents the Company files from time to time with the Securities and Exchange Commission. In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse impact on it.

Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. 

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SOURCE EQT Corporation

Montana Public Service Commission action on Colstrip misaligned with Montana’s severe capacity shortage

BUTTE, Mont., Oct. 27, 2020 /PRNewswire/ — NorthWestern Corporation d/b/a NorthWestern Energy (Nasdaq: NWE).  Today the Montana Public Service Commission handed down another decision hostile to Colstrip by voting to penalize NorthWestern Energy’s Colstrip operations by $5.7 million through the annual Power Costs and Credits Adjustment Mechanism (PCCAM).  It is particularly disappointing given this disallowance is on top of the risk sharing mechanism that is already part of the PCCAM design.

According to John Hines, Vice President of Energy Supply, “The Commission’s most recent public comments coupled with their repeated refusals to allow NorthWestern to recover costs to purchase power for its customers when Colstrip is not available make it very difficult to purchase the proposed additional interest in Colstrip Unit 4 for $0.50. The Commission’s treatment of Colstrip is not aligned with NorthWestern’s critical need to address a severe and growing capacity shortage in the state.”

Colstrip Unit 4 was taken out of service in mid-2018 to ensure that it could burn fuel cleanly and remain in compliance with emissions standards. The Commission’s decision also disallowed an additional $3.8 million of costs related to the prorated application of a change in state law that eliminates the deadband component of the PCCAM. NorthWestern will evaluate the Commission’s written order once it is issued.

Follow us on Facebook or on Twitter (@NWEinfo).     

About NorthWestern Energy (Nasdaq: NWE)
NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and / or natural gas to approximately 734,800 customers in Montana, South Dakota and Nebraska. We have generated and distributed electricity in South Dakota and distributed natural gas in South Dakota and Nebraska since 1923 and have generated and distributed electricity and distributed natural gas in Montana since 2002. More information on NorthWestern Energy is available on the company’s website at www.northwesternenergy.com.

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SOURCE NorthWestern Energy

Venture Global Announces Arrival of First Liquefaction Equipment at Calcasieu Pass LNG Export Facility

ARLINGTON, Va., June 19, 2020 /CNW/ — Venture Global LNG, Inc. is proud to announce that Calcasieu Pass LNG has begun installing the first equipment to liquefy natural gas at its export facility under construction in Cameron Parish, Louisiana.  Yesterday, the company received and began setting in place two Chart Industries, Inc. (GTLS) brazed aluminum heat exchangers, also known as cold boxes, which are the first of eighteen cold boxes that will be part of the Calcasieu Pass LNG liquefaction process system.  The cold boxes, made in the USA, were delivered more than four months ahead of schedule and a mere ten months after the project’s final investment decision (FID). 

Installing the first modules of the process system is an important milestone for the project, which is composed of eighteen mid-scale, modular liquefaction trains, factory-fabricated in Italy by Baker Hughes.  Co-CEOs Bob Pender and Mike Sabel jointly stated, “We are extremely impressed with the early delivery and execution by Chart Industries and appreciate our collaboration with them.”

About Venture Global LNG

Venture Global LNG is a long-term, low-cost provider of LNG to be supplied from resource rich North American natural gas basins and is currently constructing or developing 50 MTPA of production capacity in Louisiana.  The 10 MTPA Venture Global Calcasieu Pass facility is under construction at the intersection of the Calcasieu Ship Channel and the Gulf of Mexico. The 20 MTPA Venture Global Plaquemines LNG facility is expected to commence construction this year and is located south of New Orleans on the Mississippi River.  Venture Global LNG is also developing the 20 MTPA Venture Global Delta LNG facility, adjacent to Plaquemines.  More can be found at www.venturegloballng.com. 

 

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SOURCE Venture Global LNG

The Global Power Transmission Towers & Cables Market is expected to grow from USD 17,823.13 Million in 2018 to USD 28,452.13 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 6.91%

NEW YORK, June 8, 2020 /PRNewswire/ — The Global Power Transmission Towers & Cables Market is expected to grow from USD 17,823.13 Million in 2018 to USD 28,452.13 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 6.91%.

Read the full report:

https://www.reportlinker.com/p05871259/?utm_source=PRN

The positioning of the Global Power Transmission Towers & Cables Market vendors in FPNV Positioning Matrix are determined by Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) and placed into four quadrants (F: Forefront, P: Pathfinders, N: Niche, and V: Vital).

The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Power Transmission Towers & Cables Market including are ABB, Kalpataru Power Transmission Ltd, KEC International Ltd, Siemens, Sumitomo Electric Industries Ltd, Arteche, Nanjing Daji Iron Tower Manufacturing Co. Ltd, Southwire Company, and Sterling & Wilson.

On the basis of Voltage, the Global Power Transmission Towers & Cables Market is studied across 221 kV to 660 kV, > 660 kV, and 132 kV to 220 kV.

On the basis of Current, the Global Power Transmission Towers & Cables Market is studied across HVAC and HVDC.

On the basis of Type, the Global Power Transmission Towers & Cables Market is studied across Power Transmission Cables and Power Transmission Towers.

For the detailed coverage of the study, the market has been geographically divided into the Americas, Asia-Pacific, and Europe, Middle East & Africa. The report provides details of qualitative and quantitative insights about the major countries in the region and taps the major regional developments in detail.

In the report, we have covered two proprietary models, the FPNV Positioning Matrix and Competitive Strategic Window. The FPNV Positioning Matrix analyses the competitive market place for the players in terms of product satisfaction and business strategy they adopt to sustain in the market. The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisitions strategies, geography expansion, research & development, new product introduction strategies to execute further business expansion and growth.

Research Methodology:

Our market forecasting is based on a market model derived from market connectivity, dynamics, and identified influential factors around which assumptions about the market are made. These assumptions are enlightened by fact-bases, put by primary and secondary research instruments, regressive analysis and an extensive connect with industry people. Market forecasting derived from in-depth understanding attained from future market spending patterns provides quantified insight to support your decision-making process. The interview is recorded, and the information gathered in put on the drawing board with the information collected through secondary research.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the Global Power Transmission Towers & Cables Market 2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the Global Power Transmission Towers & Cables Market 3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the Global Power Transmission Towers & Cables Market 4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the Global Power Transmission Towers & Cables Market 5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the Global Power Transmission Towers & Cables Market

The report answers questions such as:

1. What is the market size of Power Transmission Towers & Cables market in the Global?

2. What are the factors that affect the growth in the Global Power Transmission Towers & Cables Market over the forecast period?

3. What is the competitive position in the Global Power Transmission Towers & Cables Market?

4. Which are the best product areas to be invested in over the forecast period in the Global Power Transmission Towers & Cables Market?

5. What are the opportunities in the Global Power Transmission Towers & Cables Market?

6. What are the modes of entering the Global Power Transmission Towers & Cables Market?

Read the full report:

https://www.reportlinker.com/p05871259/?utm_source=PRN

About Reportlinker

ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________ Contact Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001

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SOURCE Reportlinker

Georgia Power and coalition of Georgia businesses urge passage of hate crimes legislation

ATLANTA, June 8, 2020 /PRNewswire/ — Georgia Power, along with a coalition of leading Georgia businesses, have signed a letter asking the Georgia General Assembly to support, approve and sign into law a comprehensive, specific and clear bill against hate crimes.

House Bill 426, also known as the Georgia Hate Crimes Act, was passed by the Georgia House last year, but it is still with the Georgia Senate. The Senate will reconvene its session on Monday, June 15.

In the wake of the death of George Floyd and others, and the social unrest that has followed, many Georgia-based companies, including UPS, Coca-Cola, Delta, AT&T, Truist, WestRock, Genuine Parts, PulteGroup, Home Depot, Cox Enterprises, BlackRock, Salesforce, United Distributors, Invesco, Microsoft and the Metro Atlanta Chamber, are asking the state’s legislature to take action and pass the comprehensive hate crimes bill to ensure the safety of all Georgians.

“Racism, intolerance or discrimination of any kind have no place in our communities or our company,” said Paul Bowers, chairman, president and CEO of Georgia Power. “We stand united with these companies as we commit to finding solutions to help make our communities better for every citizen and create an inclusive environment for everyone.”

In addition to signing the letter, the group of companies are launching a website, www.passhatecrimesga.com to help others encourage Georgia lawmakers to pass the bill. That website houses talking points about the legislation, ways for individuals to contact their local senators or state representatives and information on how other companies can join the coalition.

The full letter appears below.

We, the undersigned organizations, stand committed to building a better basis for peace and prosperity across our state and our country, founded on justice for all. We are all employers in Georgia who value diversity, fairness and inclusion.

Georgia businesses employ millions of citizens from all walks of life. They represent our state’s rich tapestry of diversity. Georgia is annually hailed as one of the “Best places to do business,” and in order to maintain that reputation, and encourage prospective companies to locate here and workers to live here, we must also be in the business of advancing policies that support the positive change and social impact our communities need in order to build a more just and inclusive world.

As the General Assembly goes back into session, we write to urge you to support, approve and sign into law a comprehensive, specific and clear bill against hate crimes. We must all stand strong and united against targeted violence and bigotry. Diversity extends to a wide range of issues from race and ethnicity, to gender, sexual orientation, religion and physical ability, among other important characteristics that make each of us different but also deserving of protection from any attack that is motivated by hatred for the victim due to bias or prejudice.

We must come together, engage in tough conversations, and find solutions to make our communities and our country a place of hope and not despair, where diversity is celebrated and justice is assured. Georgia’s economic future and the dignity of our citizens depend on it.

We stand ready to provide you any assistance or support you may need to pass a hate crimes bill in Georgia and affirm that hate has no place in Georgia.

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

The California Hydrogen Business Council Announces Appointment of Bill Zobel to Executive Director

Zobel brings over fifteen years of experience in the development of alternative fuels programs for both private companies and utilities in the U.S. & California

LOS ANGELES, June 9, 2020 /PR Newswire/ —  The California Hydrogen Business Council (CHBC) today announced the appointment of Bill Zobel as the executive director of the organization. Zobel joins CHBC after over ten years at Trillium, where he served as vice president of business development and marketing and grew the company into a leading U.S. supplier of alternative transportation fuel.

“We are pleased to welcome Bill as the executive director of CHBC,” said Lauren Skiver, board chair at CHBC. “We know that his expertise in the alternative fuels industry will provide integral support to CHBC’s mission and vision to advance the commercialization of hydrogen in the transportation and energy sectors as an important decarbonization pathway and reinforce California’s position as the most advanced renewable energy state in the nation.”

Zobel has spent the last fifteen years of his career developing alternative fuel programs for private companies and utilities in the U.S. and California in both business development and regulatory affairs roles.

During his time at Trillium, Zobel helped to diversify the company’s alternative fuel portfolio to include hydrogen refueling in order to meet changing market conditions, customer needs, and company goals. He also worked to secure two premier hydrogen projects in the transit sector with the Orange County Transportation Authority, and Champagne-Urbana Mass Transit District.

Zobel also spent a collective 6 years at San Diego Gas & Electric (SDG&E) and Sempra Energy where he, among other achievements, managed state and federal regulatory engagement for natural gas, hydrogen and electricity business and developed and provided testimony at local, state and federal hearings on a host of policy measures.

“I am thrilled to join CHBC as executive director,” said Zobel. “I am encouraged by the direction CHBC is taking to advance the commercialization of hydrogen and hope to apply my unique experience in my new role with this dynamic and progressive organization.”

CHBC would also like to thank Jeff Serfass, current executive director of the organization, for his years of unparalleled leadership, dedication and service. Jeff was appointed as executive director of CHBC in 2012 and plans to continue his roles serving as President of Technology Transition Corporation, the firm that has provides staff support to CHBC, and as Executive Director of the Biomass Thermal Energy Council and President of the Hydrogen Education Foundation.

A complete listing of the CHBC’s Board of Directors is available at www.californiahydrogen.org/aboutus/board-of-directors/. For organizations and individuals interested in the CHBC and its activities, please visit www.californiahydrogen.org.

About The California Hydrogen Business Council

The California Hydrogen Business Council (CHBC) is comprised of over 100 companies, agencies and individuals involved in the business of hydrogen. Our mission is to advance the commercialization of hydrogen in the energy sector, including transportation, goods movement, and stationary power systems to reduce emissions and dependence on oil. More information at www.californiahydrogen.org.

Media Contact:
Peter Thompson
310-455-6095 x 302
241326@email4pr.com 

 

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SOURCE California Hydrogen Business Council

Longroad Energy Selected to Develop 160 MW of Solar with 640 MWh of Battery Storage in Hawai’i

HONOLULU, May 29, 2020 /PRNewswire/ — Longroad Energy was selected by Hawaiian Electric Company (HECO) to begin developing two utility-scale solar and battery storage projects for completion in 2023. The proposed projects include the 120 MWac/480 MWh Mahi Solar in Kunia, O’ahu, which would be the state’s largest solar project to date, and the 40 MWac/160 MWh Pulehu Solar in Pulehu, Maui. 

“We have a track record in Hawai’i of working with local residents to design good projects that communities support,” said Paul Gaynor, CEO of Longroad Energy.  “We are grateful for the opportunity to develop these new projects that help the state make strides towards its ambitious 100% renewable energy goal.”

In the coming months, Longroad plans to gather community input, negotiate power purchase agreements with HECO, begin the permitting process and hold virtual public meetings.  The Mahi Solar project plans to work with the Hawaii Farm Bureau on O’ahu to find new agricultural uses for the land under and around the solar panels, and the Pulehu Solar project plans to support the educational efforts of the Maui Economic Development Board to teach students about clean energy. For further information, visit www.longroadenergy.com/mahi and www.longroadenergy.com/pulehu.

The Hawai’i team at Longroad (previously as First Wind) developed seven of the state’s largest clean energy projects including 150 MW of wind and 110 MW of solar, all of which are operating today.

About Longroad Energy Holdings, LLC
Longroad Energy Holdings, LLC is focused on renewable energy project development, operating assets, and services.  Today, Longroad owns 1.1 GW of operational and under construction wind and solar projects across the United States.  Its services affiliate, Longroad Energy Services, operates and manages 2.6 GW in total comprised of these projects plus 1.5 GW of wind and solar projects on behalf of third parties.  Longroad is owned by the New Zealand Superannuation Fund, Infratil Limited, and Longroad’s management team.

Web:  www.longroadenergy.com  
Twitter:  @LongroadTweet
LinkedIn:  linkedin.com/company/longroad-energy-partners

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SOURCE Longroad Energy

Southern Company recognized as a top company for diversity and inclusion by DiversityInc for the fifth consecutive year

DiversityInc also lists Southern Company as a top company for veterans

ATLANTA, May 7, 2020 /PRNewswire/ — Southern Company earned the 26th spot on the 2020 DiversityInc “Top 50 Companies for Diversity” list. The announcement was made during a virtual event hosted by DiversityInc on May 5, 2020.  Southern Company was also recognized on multiple specialty lists, including:

  • No. 2 for Top Company for Veterans, moving up 7 spots from No. 9 last year
  • No. 5 for Top Company for Board of Directors
  • No. 7 for Top Company for Supplier Diversity
  • No. 8 for Top Company for Employee Resource Groups

“Southern Company is committed to creating a workplace environment where employees from different backgrounds and perspectives can realize their full potential,” said Tom Fanning, President, Chairman and CEO of Southern Company. “Our longstanding commitment to diversity and inclusion is embedded in our culture, and allows us to better anticipate change, see around corners and achieve success as we build the future of energy.”

DiversityInc announced that Southern Company moved up 7 spots, landing at No. 26 from No. 33 last year on the Top 50 Companies for Diversity list. This is the fifth consecutive year Southern Company has been recognized as a Top 50 Company for diversity and inclusion, as well as recognition for the system’s efforts to hire, retain and promote women, minorities, people with disabilities, LGBTQ and veterans.

DiversityInc’s annual survey yields an empirically-driven ranking based on talent results in the workforce and management, senior leadership accountability, talent programs, workplace practices, philanthropy and supplier diversity.

“Our people are the power of Southern Company. Their energy enables us to build a brighter future for customers and the communities we call home,” said Sloane Drake, Senior Vice President of Human Resources at Southern Company and Georgia Power. “We drive results by valuing different opinions, backgrounds and experiences, and by welcoming diverse points of view. We celebrate our progress and are committed to a diverse and inclusive organization.”

This award recognizes Southern Company’s continued commitment to Our Values by promoting and advancing an inclusive and diverse work culture and environment where our people and company thrive. Southern Company is committed to continuing to advance the future of energy by creating and maintaining a workforce that reflects the communities we live in and the 9 million customers the system serves.

About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Fortune’s “World’s Most Admired Companies” list, Forbes and the Women’s Choice Award. To learn more, visit www.southerncompany.com.

 

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SOURCE Southern Company

Cimarex Energy Approves Dividend on Preferred Stock

DENVER, May 8, 2020 /PRNewswire/ — Cimarex Energy Co. (NYSE: XEC) today announced that its Board of Directors approved a cash dividend of $20.3125 per share on its 8⅛ percent Series A Cumulative Perpetual Convertible Preferred Stock. The dividend is payable on July 15, 2020, to holders of record at the close of business on July 1, 2020, and is for the period beginning on April 16, 2020 and ending on July 15, 2020.

About Cimarex Energy 
Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Permian Basin and Mid-Continent areas of the U.S.

 

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SOURCE Cimarex Energy Co.

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

LITTLETON, Colo., May 8, 2020 /PRNewswire/ — 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.