A wildfire near California’s central coast grew rapidly as hot, dry weather raised the fire risk for large portions of the state during the July Fourth holiday. Photo: Noah Berger/Associated Press ...

Core Insights - Perimeter Solutions has inaugurated a new PHOS-CHEK facility in McClellan Park, Sacramento, CA, which is one of the leading fire retardant production facilities globally [1][7] - The facility spans 110,000 square feet and will enable rapid distribution of fire retardants to airbases across North America [1][7] - The investment aims to address the increasing challenges posed by severe wildfire seasons in California and nationwide [2] Product Details - The new facility will manufacture three key fire retardants: PHOS-CHEK MVP-Fx, PHOS-CHEK 259-Fx, and PHOS-CHEK LCE20-Fx [2][7] - PHOS-CHEK MVP-Fx is heavily relied upon by CAL FIRE for wildfire combat in California [2] - PHOS-CHEK 259-Fx is the only fire retardant approved for use in fixed-tank helicopters, designed to protect sensitive equipment [2] - PHOS-CHEK LCE20-Fx is the latest innovation, offering high firefighting performance with improved environmental benefits [2] Strategic Commitment - The investment in the McClellan facility reflects Perimeter Solutions' commitment to innovation, reliability, and environmental responsibility [3] - The company is enhancing its capacity to respond quickly to wildfire emergencies with advanced fire retardant technology [3] Market Performance - Perimeter Solutions' shares have increased by 96% over the past year, significantly outperforming the industry average growth of 4.6% [4]

A severe heat wave continued to blanket Europe on Thursday, straining public services and sparking wildfires as it swept across the continent https://t.co/eHfGLoiYGB ...

Mass evacuations as wildfire rages in Greek island of Crete https://t.co/6yDdwzRK0O ...

Core Viewpoint - Perimeter Solutions has opened a new 110,000-square-foot PHOS-CHEK production and distribution facility in Sacramento, California, to enhance its capabilities in responding to increasing wildfire demands across North America [1][2][3]. Group 1: Facility Details - The new facility at McClellan Park is designed to be one of the most advanced fire retardant production sites globally, featuring state-of-the-art equipment and a sophisticated HEPA filtration system that ensures virtually zero emissions [2][9]. - This facility can produce up to 360,000 pounds of PHOS-CHEK fire retardant daily, supporting rapid delivery to airbases across North America [9][4]. Group 2: Strategic Importance - The investment in the McClellan facility reflects the company's commitment to innovation, reliability, and environmental stewardship, enhancing its ability to respond to wildfire emergencies effectively [3][4]. - With the addition of this site, Perimeter Solutions now operates seven PHOS-CHEK production facilities and seven distribution sites across the U.S. and Canada, ensuring 24/7 support for firefighting efforts [2][4]. Group 3: Product Offerings - The McClellan facility will produce three of the company's most utilized fire retardants: PHOS-CHEK MVP-Fx, PHOS-CHEK 259-Fx, and PHOS-CHEK LCE20-Fx, which are designed for both aerial and ground applications [7][10]. - These products are critical for firefighting agencies, particularly in light of forecasts predicting heightened wildfire activity for the 2025 season [4].

Major heat waves across Southern Europe have pushed temperatures above 40 C in countries including Italy, Spain and Greece, as authorities issued fresh warnings against the risk of wildfires, via @AP https://t.co/cPDwkUwNnW ...

Core Points - Avista has implemented a Fire Safety Mode to enhance power line sensitivity in anticipation of the 2025 wildfire season due to increasing wildfire risks in Washington and Idaho [1][2] - The Fire Safety Mode keeps power lines de-energized during high-risk weather until it is confirmed safe to restore power, significantly reducing ignition risks despite potentially extending outage times [2] - Avista's Wildfire Resiliency Plan, initiated in 2020, includes infrastructure upgrades such as replacing wooden poles with steel, installing fire-retardant mesh, and converting overhead lines to underground service to mitigate wildfire risks [3] - In extreme conditions, Avista may execute a Public Safety Power Shutoff (PSPS) as a last-resort measure to prevent wildfires, ensuring safety through line patrols and community support during outages [4] Company Overview - Avista Utilities provides energy services to 422,000 customers and natural gas to 383,000 customers across a service area of 30,000 square miles, serving a population of 1.7 million in eastern Washington, northern Idaho, and parts of Oregon [7]

With technology, funding, and expertise, Autodesk backs community-led efforts to cut rebuilding costs, speed wildfire recovery, and scale climate-resilient housing across Los Angeles. SAN FRANCISCO, May 22, 2025 /PRNewswire/ -- Today, Autodesk, Inc. (NASDAQ: ADSK) announced new funding, technology, and support to accelerate rebuilding efforts in wildfire-affected areas of Los Angeles, following this January's devastating fires across the region. TFCF's initial concept designs, contributed by architects ...

Financial Data and Key Metrics Changes - In 2024, the company delivered GAAP earnings per share of $3.44 and ongoing earnings per share of $3.50, marking the twentieth consecutive year of meeting or exceeding initial earnings guidance [19][20] - The company reaffirmed its 2025 earnings guidance range of $3.75 to $3.85 per share, with long-term earnings per share growth expectations of 6% to 8% and dividend growth of 4% to 6% [20] Business Line Data and Key Metrics Changes - The company invested over $7.5 billion in 2024 to modernize electric and natural gas systems, alongside updating its five-year capital plan [20] - The resource plans include proposals for 15,000 to 29,000 megawatts of new efficient, clean generation, with a focus on wind, solar, and battery storage [36][37] Market Data and Key Metrics Changes - The U.S. electricity demand growth rate through 2030 has tripled, with expectations to sell 30% more electricity in 2030 than in 2024 [14] - The company has received requests for nearly 9,000 megawatts of new daily demand from data center companies, equivalent to powering over 8 million homes each year [14] Company Strategy and Development Direction - The company is strategically positioned to capitalize on the growing demand for electricity driven by new technologies and the transition to cleaner energy sources [4][13] - A $45 billion investment plan over the next five years aims to modernize, strengthen, and expand the grid to support economic growth and the clean energy transition [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the unprecedented growth opportunities in the energy sector, emphasizing the importance of evolving and pushing to new heights [27][30] - The company is focused on enhancing customer experience, affordability, reliability, and advancing clean energy policy goals [19][21] Other Important Information - The company has been recognized as one of Ethisphere's world's most ethical companies for six consecutive years and has received accolades for its commitment to diversity and inclusion [29] - In 2024, the corporate economic development team closed on 24 projects resulting in over $5 billion in capital investment and the creation of more than 3,000 jobs [23] Q&A Session Summary Question: Can you provide an update on your recent resource plan? - The company plans to add between 15,000 and 29,000 megawatts of new generation resources, including 720 megawatts of firm dispatchable generation in the Upper Midwest [35][36] Question: What impact will data centers have on future load growth? - The company is experiencing significant interest from data centers, with nearly 9,000 megawatts of backlog and expects to serve about 25% of that demand [39][40] Question: What impact do recently announced tariffs have on your capital investment plans? - The company has been agile in managing its supply chain and expects tariffs to represent about 1% to 2% of its total capital bill over the next five years, which is considered manageable [42][45]

Core Viewpoint - PG&E proposed its 2027-2030 General Rate Case (GRC) to California regulators, aiming for the smallest percentage increase in a decade while enhancing safety and reliability for customers [1][2]. Group 1: Rate Proposal and Customer Impact - PG&E's GRC proposal includes a maximum bill increase of 3.6% in 2027, but total residential combined gas and electric bills are expected to remain flat compared to 2025 [6]. - The company forecasts that residential electric rates and average combined bills will be lower in 2026 due to the expiration of cost recovery currently included in rates [4]. - If the proposal is fully approved, PG&E anticipates that total residential combined bills will be flat in 2027, with potential decreases if electric demand rises [3][6]. Group 2: Cost Management and Savings - PG&E has reduced operating and capital costs by approximately $2.5 billion over the past three years, enabling the proposed small percentage increase [2]. - The company aims to stabilize customer bills through 2030, with additional savings expected from a $15 billion Department of Energy loan guarantee, which could save customers $1 billion over the loan's life [7]. Group 3: Infrastructure Improvements and Safety Enhancements - PG&E's proposal includes modernizing the grid to accommodate growth in electricity demand from new homes, businesses, and electric vehicles, targeting 3 million EVs by 2030 [9]. - The company plans to enhance wildfire safety by replacing 760 miles of powerlines and placing 307 miles underground in high-risk areas, reducing risk by 98% [9]. - Investments will also be made in lower-cost solar and battery energy storage, microgrids, and modernizing existing hydroelectric plants to improve reliability and safety [12].