Nexant Patents Fundamental Breakthrough to Mitigate Indeterminacy in Processes of Generation and Delivery of Electrical Energy with Implications beyond Energy Industry

PHOENIX, Oct. 27, 2020 /PRNewswire/ — In 2016, Nexant grid experts Joseph Bright and Mauro Prais discovered a solution to the problem of indeterminacy in the clearing value of electrical energy in power systems. In particular, the patented approach successfully and consistently determines the clearing values (e.g., prices) when multiple solutions for clearing exist. This fundamental breakthrough can be applied within the energy industry as well as all other industries. A patent was issued on September 8, 2020, for the methodology: U.S. Patent No. 10,770,901.

“Within the electrical energy markets, value indeterminacy may lead to wild swings of congestion rent values. In energy transmission markets, this indeterminacy may cause large amounts of counter-flow bid payout, great variations of returns, and disparity of values across periods.  Such variations and disparities may negatively affect energy generation and transmission systems in a long term.” observed Mauro Prais, a Principal in Nexant’s Grid Management practice.

Joseph Bright, Vice President of Grid Management, said, “Our first inclination when faced with the value indeterminacy problem was to research methods in other industries and throughout the Operations Research field that might address the problem and their application to the electrical energy and other industries. It was quite a shock to realize that nothing existed and the problem has been evidently overlooked. So we proceeded to conduct research to solve the problem.

In a power system, bids are specified for a resource (e.g., power generation and/or transmission) and value quantity (what the bidder considers an appropriate value for obtaining or supplying the resource). At the solution, each resource amount is awarded based upon bids, scarcity in the market, and the associated clearing value (how the market values each resource). Multiple solutions of resources can be handled by pro-rationing of awards. Joseph Bright and Mauro Prais discovered and patented an approach mitigating the clearing value indeterminacy. In this approach, a follow-up optimization determines consistent clearing values using a secondary objective (e.g., price averaging, congestion rent minimization, or auction revenue maximization), while maintaining the original resource awards.  As the result energy generation and transmission systems are provided with long term consistency.

“The idea of optimizing the clearing values remains brand new. It opens up previously-hidden tools as its application can be seen to be quite broad. Many other objective functions of the secondary optimization have been or can be developed. Optimization is never a single solution but a family of market solutions and explanations regarding the results,” said Bright.

This innovative solution was recently added to Nexant’s iHedge software and is available for use by Independent System Operators (ISO), generator owners and energy consumers. Nexant’s iHedge software has been successfully deployed at most of the ISOs in the United States and the market system operation center in New Zealand.

ABOUT NEXANT
Nexant is a software and consulting firm that provides innovative solutions to improve customer engagement, boost operational efficiency, and save resources. We offer expertise in demand-side management, grid management, and renewables, as well as a comprehensive suite of software designed to support these initiatives. Every day, we work with customers to reimagine the world we live in and create a more sustainable energy future.

For more information on Nexant’s services, contact info@nexant.com or visit www.nexant.com.

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SOURCE Nexant

EQT Announces Pricing Of Public Offering Of Common Stock

PITTSBURGH, Oct. 27, 2020 /PRNewswire/ — EQT Corporation (NYSE: EQT) (the Company or EQT) announced today that it has priced a public offering of 20,000,000 shares of its common stock at a price to the public of $15.50 per share (the Offering). The Company has granted the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of its common stock.

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 shares of common stock which the Company intends to sell in the Offering will be issued pursuant to 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

Michael Baker International Names Gil Bosque, P.E., Vice President and Hamilton, New Jersey, Office Executive

Mr. Bosque brings more than 20 years of transportation engineering experience to new leadership role

HAMILTON, N.J., Oct. 28, 2020 /PRNewswire/ — Michael Baker International, a global leader in engineering, planning and consulting services celebrating 80 Years of Making a Difference, announced today that Gil Bosque, P.E., has been promoted to Vice President and Office Executive for the firm’s Hamilton, New Jersey location. Mr. Bosque brings more than 20 years of transportation engineering experience to his new role, in which he will be key to Michael Baker’s continued growth and success in the Northeast Region and will enable the firm to continue successful expansions into new markets and business lines.

“Gil joined our firm as a Project Manager nearly 15 years ago and ascended to Department Manager before his most recent position as Director of Engineering,” said Magdy Hagag, Northeast Regional Director at Michael Baker International. “His leadership and expertise will be vital as we further develop client relationships, deepen partnerships with consultants and industry leaders, win new work and deliver large-scale, complex projects that leverage the full capabilities of our firm.”

Most recently, Mr. Bosque oversaw the Traffic, Intelligent Transportation Systems (ITS), Structures/Geotech and Aviation departments within Michael Baker’s New Jersey operations, while also providing guidance to the Civil/Highway and Construction Management and Construction Inspection (CMCI) teams. His expertise also includes highway and airfield design, construction cost estimating and project management. Mr. Bosque has managed transportation projects of all sizes for clients, including the New Jersey Turnpike Authority, South Jersey Transportation Authority and the New Jersey Department of Transportation. Earlier in his career, he was a Project Engineer with Berger Lehman Associates, P.C., leading the highway design of several large infrastructure projects in New York City.

Mr. Bosque holds a Bachelor of Science in Civil Engineering from the New Jersey Institute of Technology. He is active in ACEC-NJ, serving as Vice Chairman for the South Jersey Transportation Authority Committee and as part of the Steering Committee for the New Jersey Turnpike Authority. He is also a member of the Society of Hispanic Professional Engineers, New Jersey.

About Michael Baker International
Michael Baker International, celebrating 80 Years of Making a Difference, is a leading provider of engineering and consulting services, including design, planning, architectural, environmental, construction and program management.  The company provides its comprehensive range of services and solutions to support U.S. federal, state, and municipal governments, foreign allied governments, and a wide range of commercial clients.  Michael Baker’s more than 3,000 employees across nearly 100 locations are committed to a culture of innovation, collaboration and technological advancement to help solve challenges for clients and communities throughout the country. To learn more, visit www.mbakerintl.com.

Contact:  Julia Covelli
julia.covelli@mbakerintl.com
(866) 293-4609

 

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SOURCE Michael Baker International

Flotek Welcomes New President Of Global Business

HOUSTON, June 22, 2020 /PRNewswire/ — Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) is pleased to announce TengBeng Koid will be joining the Company as President, Global Business. In this role, he will oversee the Company’s domestic and international business development strategy for both divisions of Flotek – Energy Chemistry Technologies and its newly established Analysis & Data division, through the recent acquisition of JP3. He will report directly to John W. Gibson, Jr., Flotek’s Chairman, President, and Chief Executive Officer.

Koid is an experienced executive in the oil and gas industry with more than 30 years’ experience. Most recently, he served as President of Energy Solutions at Emerson Automation Solutions. He assumed this role in 2015 after Emerson acquired Energy Solutions International (ESI), where he served as its Chief Executive Officer. ESI is the global leader in software applications for the midstream oil and gas industry.

Prior to joining Energy Solutions International, Koid served as president, international, for Seismic Micro Technology (SMT), Inc., the market leader in Windows-based geoscience software. When the company was sold to IHS, Inc., he became a vice president at IHS, the leading provider of information in the global market and economy. Before joining SMT, Koid served as the executive vice president and chief operating officer at ION Geophysical Corporation. Prior to ION, Koid worked for Landmark Graphics Corporation, a software and services subsidiary of Halliburton Company, in various roles including vice president/general manager of Asia Pacific Operations, vice president for Global Business Development and vice president for Asset Performance Consulting. Koid later moved to Halliburton where he was vice president with accountabilities over national oil companies. Before Landmark, Koid was a senior manager at IBM specializing in the oil and gas industry. Koid has an executive MBA from Bath University and graduated with honors from the University Science Malaysia with a bachelor’s degree in computer science.

Koid currently serves on the board of irth Solutions, the leading provider of cloud-based solutions that help energy and utilities companies manage and reduce risk, decreases costs, increase revenue opportunities and ensure regulatory compliance.

“I’m incredibly excited to welcome Koid to Flotek to help build our next chapter of growth as we seek to accelerate adoption of our data and analytics platform, through our recent acquisition of JP3. He is deeply experienced in building enterprise-wide software solutions for energy companies across the full hydrocarbon stream,” said Gibson. “I have known Koid for more than 20 years and have the highest regard for his leadership and work ethic, as well as his track-record of taking a ‘no-excuses’, results-driven approach to revenue growth. I value his strong integrity and his objectivity, with his proven ability to excel through both strong and challenging markets. In every organization he has served, he has been a transformative leader, who has accelerated growth by building and implementing business strategies and teams that deliver significant impacts to customers.” 

“JP3 has experienced significant growth of 58 percent over the past four years, and now as a part of the Flotek, our goal is to build upon this growth at an even faster pace. Koid has a strong history of driving rapid and profitable growth, building upon his broad network of global executive-level relationships. He is an impressive leader who is both technically and financially savvy. In my four decades of investment experience, he is one of the greatest revenue drivers I have ever seen,” said Flotek Lead Director David Nierenberg.

“This is an exciting time for Flotek as it expands its business into data and analytics with the recent acquisition of JP3.  I look forward to leveraging my experiences in digital transformation of the upstream and midstream oil and gas businesses to help drive Flotek’s growth,” said Koid.

As an inducement to join the Company and to closely align interests with the Company’s shareholders, Koid has been granted 200,000 restricted stock awards (RSAs) that will vest over three years and performance-based options representing 300,000 shares of the Company. A portion of these performance-based shares will vest based upon the Company’s Total Shareholder Return, relative to its Peer Group, as defined by the 2020 Performance Unit Plan of the Company; and the other portion will vest based upon the closing stock price for the Company’s common stock for a 20 consecutive trading-day period, with full vesting at closing prices at or above $7.00 per share for a 20 consecutive trading-day period. The options have an exercise price equal to the closing price of the Company’s shares on the date of grant.

About Flotek

Flotek empowers the energy industry to maximize the value of their hydrocarbon streams and improve return on invested capital through data-driven platforms and chemistry technologies. Flotek serves downstream, midstream and upstream customers, both domestic and international. Flotek is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK.” For additional information, please visit Flotek’s web site at www.flotekind.com.

About JP3

Headquartered in Austin, Texas, JP3 Measurement was founded in 2005 and provides the industry’s only field deployable, real time, in-line optical analyzer for both liquid and natural gas measurement.  With analysis points in every major basin across North America, JP3 is focused on improving the quality of hydrocarbon measurement and process control for the oil & gas industry. For more information, please visit JP3’s website at http://www.jp3.com/.

Forward-Looking Statements

Certain statements set forth in this press release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.’s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release.  Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management.  Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements.  Further information about the risks and uncertainties that may impact the Company are set forth in the Company’s most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the “Risk Factors” section thereof), and in the Company’s other SEC filings and publicly available documents.  Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this press release.

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SOURCE Flotek Industries, Inc.

Southern Company forms Southern Energy Resources group, names Cummiskey Group CEO

ATLANTA, June 22, 2020 /PRNewswire/ — Southern Company today combined the leadership of three of its businesses – Southern Power, PowerSecure and Southern Holdings – under one CEO to optimize the needs of large commercial, industrial and municipal customers across the country. The company named Chris Cummiskey to the new position of Group CEO for Southern Energy Resources, and executive vice president of Southern Company Services Commercial Development.

Southern Power, PowerSecure and Southern Holdings will maintain their brands as individual companies and Mark Lantrip, president and CEO of Southern Company Services, will continue as chairman of each.

Cummiskey was previously executive vice president of external affairs and nuclear development for Georgia Power, also a Southern Company subsidiary.

Effective July 1, Cummiskey is responsible for Southern Company’s competitive power businesses in front of the meter and behind the meter including a growing Energy Services business.  As CEO of Southern Holdings, Cummiskey will also be responsible for Southern Company’s strategic and venture capital investment activities. 

In his career, Cummiskey has served as chief com­mercial officer of Southern Power and as commis­sioner of the Georgia Department of Economic Development.

Cummiskey is a past member of the Board of Regents of the University System of Georgia and the Georgia Ports Authority. He earned his bachelor’s degree in business administration from the University of Georgia. He and his wife, Rebecca, reside in Atlanta with their two children, Addison and Jack.

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

OTC Markets Group Welcomes dynaCERT Inc to OTCQX

NEW YORK, June 9, 2020 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced dynaCERT Inc (TSX-V: DYA;  OTCQX: DYFSF), specializes in delivering fuel savings technologies to a global marketplace, has qualified to trade on the OTCQX® Best Market. dynaCERT Inc upgraded to OTCQX from the OTCQB® Venture Market.

dynaCERT Inc begins trading today on OTCQX under the symbol “DYFSF.”  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

Jim Payne, dynaCERT’s CEO & Director stated, “dynaCERT has spent over $60 million and 16 years to develop a unique Hydrogen based innovation that can provide a Carbon Emissions Reduction Technology and Carbon Credits applicable throughout every diesel engine world-wide, while at the same time providing reduced fuel consumption, commencing in North America and more specifically, the USA. At dynaCERT, we have built a remarkable team with associates that can reach throughout the USA from coast to coast, in order to service the US market with our HydraGEN Technology products. Although we are more well-known globally and in Canadian markets, we are fully committed to our American friends in the transportation, construction, mining, oil & gas and diesel generator energy business.”

Nauth LPC acted as the company’s OTCQX sponsor.

About dynaCert Inc.
dynaCERT Inc. is engaged in the design, engineering, manufacturing, testing and distributing of a transportable hydrogen generator aftermarket “carbon emission reduction technology” for use with internal combustion engines. The company’s patented technology, controlled by our computerized “Smart ECU”, creates hydrogen and oxygen gases on demand and supplies these additives through the air intake to enhance combustion, resulting in (1) lower carbon emissions and (2) greater fuel efficiency. Originally targeted for use in the heavy tractor trailer industry, we are now expanding research and development into trucking, mining, shipping, rail and large stationary power generation. The new patented “Smart ECU” has shown significant advantages and improvements over our older version of the ECU in several key areas: reading; collecting and storing of data pertaining to fuel efficacy and emissions reduction; communicating with the engines on board computer; learning and altering the flow of gases produced; providing (GPRS) capability for remote access by our company and end users, allowing for tracking and monitoring of future Carbon Credits.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

Subscribe to the OTC Markets RSS Feed

Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com 

 

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SOURCE OTC Markets Group Inc.

Sense Partner Program Expands as Solar Installers Improve Customer Acquisition and Satisfaction With Home Energy Insights

CAMBRIDGE, Mass., June 9, 2020 /PRNewswire/ — Sense (sense.com) announced today that more than 150 new solar installers have joined the company’s Sense Pro partner program over the past year. Together, Sense partners have equipped tens of thousands of homes across the country with solar power. New partners include Solgen Power, Pure Energy, Zenernet Solar, and Pro Bid Solar, among others. Sense also debuted the new Sense Pro app and a number of hardware and software improvements that streamline installations and help homeowners understand their energy use.

With in-person solar sales challenged by the pandemic, many solar installers are adapting to a remote sales approach. Leveraging the Sense Home Energy Monitor strengthens an online pitch by highlighting the engaging customer experience that can be expected after solar and Sense are installed.

“Sense is an impressive piece of smart-home technology that allows our homeowners to get even more value from their solar investment,” said JP Gerken, CEO of Zenernet. “The app is incredibly intuitive and helps our homeowners really understand their solar production and energy consumption, and make easy adjustments that maximize the impact of going solar. The visuals are engaging and make the impact of solar production hit home in an entirely new and unique way.”

“Sense has taken our amazing customer experience to a new level. Our customers are so pleased with how easy the Sense app is to use and understand,” said Preston House, vice president at Solgen Power. “Each customer is using less energy and better understanding how their solar system is working and benefiting them. This, combined with our top quality product, has really helped in our mission of building a brighter future for our people.”

Referrals from existing customers continue to be an industry focus in order to win new business at a lower cost of customer acquisition. The best time to ask for referrals is after the first utility bill arrives and shows solar savings, but many providers report that customers can be disappointed if their electricity usage exceeds solar production. The Sense app sets realistic expectations for homeowners and provides engaging, real-time insights into their energy usage and solar production to ensure they realize the savings benefit of going solar.

Said Gabe Abbott, Sense’s vice president of strategic partnerships, “Sense partners have found that their customers’ satisfaction increases when homeowners have greater visibility into the whole home energy picture, not just solar production. Building a strong foundation for customer satisfaction can lead to higher referrals and lower customer acquisition costs, driving business success even in challenging times.”

Sense customer David Henderson was initially frustrated after he installed solar at his California home. “The first couple of bills showed almost zero change in my bill,” says Henderson. He used Sense to audit his home and discovered several energy hogs, including a chandelier with incandescent lighting and a pool pump. Says Henderson, “It was so easy: the data that it gives, instant information.” For more details about how Sense customers and partners are taking advantage of energy monitoring, download this Sense white paper

The Sense Pro Program’s Expanded Benefits
With feedback from Sense’s partners, the Pro program now includes several new features. Sense partners now have exclusive access to new Sense hardware capabilities that provide additional Internet connectivity options in homes and accommodate installation in a wider variety of electrical panel configurations.

Sense also announced the release of the new Sense Pro mobile app for iOS and Android, which simplifies the installation process for solar installers, electricians, builders, and other Sense partners. With the Sense Pro app, installers are guided step-by-step through the installation process, including verification, troubleshooting, and support in real-time, to ensure the installation is completed in a single home visit and homeowners can start using the Sense app right away.

The Sense Pro App integrates with Fleet Manager, Sense’s online partner dashboard where partners can maintain careful record-keeping of Sense monitor installation details in one place. Fleet Manager tracks each monitor installed by a partner after securing the homeowner’s permission. With Fleet Manager, providers can generate reports that help customers understand their energy use so they can maximize savings from their solar investment.

To learn more about the Sense Pro program, visit sense.com/pro or contact partnerships@sense.com.

About Sense
Sense’s mission is to make all homes intelligent by keeping people informed about what’s happening in their homes, and helping to make homes safer, more efficient, and more reliable. Founded in 2013 by pioneers in speech recognition, Sense uses machine learning technology to provide real-time insights on device behavior, even for those devices that are not “smart.” Customers rely on Sense for a wide range of uses including monitoring their home appliances, determining whether they left appliances running and identifying how to reduce their energy costs. Sense has received investments from two of the world’s largest energy technology companies, Schneider Electric and Landis + Gyr. Sense is headquartered in Cambridge, Mass. To make sense of your energy, visit: https://sense.com.

Media contact: press@sense.com

 

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SOURCE Sense

SunCoke Energy, Inc. Declares Cash Dividend

LISLE, Ill., May 7, 2020 /PRNewswire/ — Today, SunCoke Energy, Inc. (NYSE: SXC) announced that its Board of Directors declared a cash dividend of $0.06 per share of the Company’s common stock to be paid June 4, 2020 to stockholders of record at the close of business on May 21, 2020. 

ABOUT SUNCOKE ENERGY, INC.
SunCoke Energy, Inc. (NYSE: SXC) supplies high-quality coke used in the blast furnace production of steel, under long-term, take-or-pay contracts that pass through commodity and certain operating costs to customers. We utilize an innovative heat-recovery technology that captures excess heat for steam or electrical power generation. Our cokemaking facilities are located in Illinois, Indiana, Ohio, Virginia and  Brazil. We have more than 55 years of cokemaking experience serving the integrated steel industry. In addition, we provide export and domestic material handling services to coke, coal, steel, power and other bulk and liquids customers. Our logistics terminals have the collective capacity to mix and transload more than 40 million tons of material each year and are strategically located to reach Gulf Coast, East Coast, Great Lakes and international ports. To learn more about SunCoke Energy, Inc., visit our website at www.suncoke.com.

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SOURCE SunCoke Energy, Inc.

NextEra Energy announces new location for 2020 Annual Meeting of Shareholders, schedules live webcast

JUNO BEACH, Fla., May 8, 2020 /PRNewswire/ — NextEra Energy, Inc. (NYSE: NEE) today announced that its 2020 Annual Meeting of Shareholders now will be held on Thursday, May 21, 2020, at 8:00 a.m., Central time, at the company affiliated facilities located at 20455 State Highway 249, Suite 200, Houston, Texas.

The meeting location change is due to the unavailability of the previously noticed meeting location.

NextEra Energy noted that, due to the COVID-19 pandemic, social distancing will be observed at all times during the meeting and seating capacity will be limited to comply with social distancing guidelines promulgated by relevant public health authorities. Attendees will be screened for symptoms and required to wear a protective face covering.

Regardless of whether a shareholder expects to attend the annual meeting, the company encourages submission of proxy or voting instructions promptly so that shares can be voted.

The company will also provide a live webcast of the meeting. Participants will be able to access the webcast on the company’s website at www.NextEraEnergy.com/investors. A replay of the NextEra Energy annual meeting webcast will be available for 90 days by accessing the same link.

Further information is available in the company’s Notice of 2020 Annual Meeting and Proxy Statement filed on April 3, 2020, which is available by clicking on SEC Filings from the company’s website at the same link.

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 five million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States; 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.

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SOURCE NextEra Energy, Inc.

Alimentation Couche-Tard and CrossAmerica Partners Announce the Closing of Exchange of Assets

LAVAL, QC and ALLENTOWN, PA, March 26, 2020 /PRNewswire/ – Alimentation Couche-Tard Inc. (“Couche-Tard”) (TSX: ATD.A) (TSX: ATD.B) and CrossAmerica Partners LP (“CrossAmerica”) (NYSE: CAPL) confirm today the closing of their asset exchange transaction that was originally announced on November 19, 2019.

As part of this transaction, Couche-Tard has transferred U.S. wholesale fuel supply contracts covering 333 sites and 33 fee and leasehold properties, as well as a cash payment of $13 million to CrossAmerica. In exchange, CrossAmerica has transferred its 17.5% limited partner interest ownership in CST Fuel Supply LP to Couche-Tard, which will now have 100% ownership of the entity.

Couche-Tard has retained its dealer sites in California and those operated through its RDK joint venture, as well as other strategic fuel wholesale assets across different parts of the country.

The exchange transaction was approved by the Conflicts Committee of the Board of Directors of CrossAmerica’s general partner. CrossAmerica will be filing a Form 8-K with the Securities and Exchange Commission providing additional details of the transaction.

About Alimentation Couche-Tard Inc.

Alimentation Couche-Tard Inc. is the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of the number of company-operated stores. In Europe, Couche-Tard is a leader in convenience store and road transportation fuel retail in the Scandinavian countries (Norway, Sweden and Denmark), in the Baltic countries (Estonia, Latvia and Lithuania), as well as in Ireland, and has an important presence in Poland. For more information on Alimentation Couche-Tard Inc. or to consult its quarterly Consolidated Financial Statements and Management Discussion and Analysis, please visit: https://corpo.couche-tard.com.

About CrossAmerica Partners LP

CrossAmerica Partners LP is a leading wholesale distributor of motor fuels and owner and lessee of real estate used in the retail distribution of motor fuels. Its general partner, CrossAmerica GP LLC, is indirectly owned and controlled by entities affiliated with Joseph V. Topper, Jr., the founder of CrossAmerica Partners and a member of the general partner since 2012. Formed in 2012, CrossAmerica Partners LP is a distributor of branded and unbranded petroleum for motor vehicles in the United States and distributes fuel to approximately 1,300 locations and owns or leases over 1,000 sites. With a geographic footprint covering 31 states, the Partnership has well-established relationships with several major oil brands, including ExxonMobil, BP, Shell, Chevron, Sunoco, Valero, Gulf, Citgo, Marathon and Phillips 66. CrossAmerica Partners LP ranks as one of ExxonMobil’s largest distributors by fuel volume in the United States and in the top 10 for additional brands. For additional information, please visit www.crossamericapartners.com.

Forward-Looking Statements

The statements set forth in this press release, which describes Couche-Tard’s objectives, projections, estimates, expectations or forecasts, may constitute forward looking statements within the meaning of securities legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Couche-Tard would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated in or underlying these statements, or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Couche Tard’s actual results and the projections or expectations set forth in the forward-looking statements include the effects of the integration of acquired businesses and the ability to achieve projected synergies, fluctuations in margins on motor fuel sales, competition in the convenience store and retail motor fuel industries, exchange rate variations, and such other risks as described in detail from time to time in the reports filed by Couche-Tard with securities regulatory authorities in Canada. Unless otherwise required by applicable securities laws, Couche-Tard disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of the release.

Statements contained in this release that state CrossAmerica’s or management’s expectations or predictions of the future are forward-looking statements. The words “believe,” “expect,” “should,” “intends,” “estimates,” “target” and other similar expressions identify forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. For more information concerning factors that could cause actual results to differ from those expressed or forecasted, see CrossAmerica’s annual reports on Form 10-K, quarterly reports on Form 10-Q and other reports filed with the Securities and Exchange Commission, and available on CrossAmerica’s website at www.crossamericapartners.com. CrossAmerica undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

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SOURCE Alimentation Couche-Tard Inc.