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H2O America Appoints Megan Mattern as Chief Accounting Officer
Globenewswire· 2025-06-25 13:00
Core Viewpoint - H2O America has appointed Megan Mattern as Chief Accounting Officer, Principal Accounting Officer, and Controller, effective July 28, 2025, during a period of leadership transition and growth for the company [1][5]. Group 1: Leadership Transition - Eric W. Thornburg, the current Chair, President, and CEO, will retire on June 30, 2025, with Andrew F. Walters, the Chief Financial Officer and Treasurer, set to become the new CEO [2][5]. - Ann P. Kelly, the current Chief Accounting Officer, will assume the role of CFO effective July 1, 2025 [5]. Group 2: Megan Mattern's Background - Megan Mattern brings over 20 years of experience in complex, regulated environments, particularly in global energy, utilities, and infrastructure [2]. - She previously served as Vice President and CFO of UGI International, a $2.3 billion multinational LPG distributor, where she led financial strategy across 16 countries and achieved over 15% EBIT growth [2][3]. - Mattern has held senior financial leadership roles at UGI Energy Services, UGI Utilities, and PPL Corporation, focusing on M&A, systems modernization, and financial transformation [3]. Group 3: Company Overview - H2O America is a national investor-owned network of local water and wastewater utilities, committed to delivering clean, high-quality water to communities [7]. - The company operates approximately 407,000 water and wastewater service connections and focuses on investing in critical infrastructure for sustainable water supply [8]. - H2O America serves over 1.6 million people through its regional utilities, including Connecticut Water, Maine Water, San Jose Water, and Texas Water [9].
Public Service Enterprise Group (PEG) Earnings Call Presentation
2025-06-25 12:45
PSEG Investor Update Leading toward a sustainable future 1 March 2025 PSEG Investor Update March 2025 Forward-Looking Statements Certain of the matters discussed in this report about our and our subsidiaries' future performance, including, without limitation, future revenues, earnings, strategies, prospects, consequences, and all other statements that are not purely historical constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-loo ...
Itron Celebrates Shipment of 2 Millionth Cyble™ 5 Communication Module
Globenewswire· 2025-06-25 12:45
Core Insights - Itron, Inc. has shipped over 2 million Cyble 5 communication modules, with Metz Eurométropole Water Utility receiving the milestone module, supporting its transition to advanced metering infrastructure (AMI) [1][2] - The Cyble 5 module enables real-time monitoring and advanced analytics, allowing water providers to make data-driven decisions for optimized operations and improved service delivery [2][3] - Metz Eurométropole Water Utility serves over 47,000 people and utilizes the Cyble 5 module to enhance leak prevention, resource allocation, and billing accuracy since its deployment began in 2022 [3] Company and Product Features - The Cyble 5 module connects to Metz Eurométropole's LoRaWAN AMI network, facilitating two-way communication and extensive data sets [3] - The module's durable design is IP68-rated, ensuring protection against harsh environments, which helps lower maintenance and meter replacement costs [6] - It offers interoperability with open standards, allowing seamless integration with AMR, AMI, and IoT networks [6] Strategic Importance - The deployment of the Cyble 5 module is seen as a strategic investment for Metz Eurométropole, enabling the utility to achieve its water management goals [2][4] - The improved data management capabilities allow for better targeting of investments, enabling reinvestment of savings into expanding smart water solutions [4] - Itron emphasizes the critical need for smarter operations in light of rising water demand, climate disruption, and urbanization [4]
Top 2 Utilities Stocks That May Fall Off A Cliff In Q2
Benzinga· 2025-06-25 12:36
Group 1 - Two stocks in the utilities sector are signaling potential warnings for momentum-focused investors [1] - The Relative Strength Index (RSI) is a key momentum indicator, with values above 70 indicating overbought conditions [2] - Major overbought stocks identified in the sector include Korea Electric Power Corp and Genie Energy Ltd [3] Group 2 - Korea Electric Power Corp has frozen electricity rates for Q3, resulting in a 20% stock increase over the past five days, with a 52-week high of $12.68 and an RSI value of 82.7 [6] - Genie Energy reported a first-quarter adjusted EPS of 42 cents, up from 33 cents a year ago, with a stock gain of around 30% over the past month and a 52-week high of $28.00, having an RSI value of 91.2 [6]
We Energies announces updated timeline for Oak Creek plant retirements
Prnewswire· 2025-06-25 12:00
Core Viewpoint - We Energies has decided to extend the operating lives of units 7 and 8 at the Oak Creek Power Plant until the end of 2026 to address increased energy demand and supply requirements in the Midwest power market [1][2][3] Company Operations - The Oak Creek units 7 and 8, built in the 1960s, have a total capacity of 610 megawatts (MW) and are equipped with modern environmental controls [3] - We Energies is planning, permitting, or constructing over 6,300 MW of new generation capacity, including natural gas, wind, solar, and battery storage, over the next five years [4] - The extension of the Oak Creek units is not expected to delay the new generation projects [4] Customer Base - We Energies serves more than 1.1 million electric customers and 1.1 million natural gas customers in Wisconsin [5]
X @Investopedia
Investopedia· 2025-06-25 02:00
U.S. power grids face their first major test of the summer this week as a heat wave brought extreme temperatures and humidity to much of the country. https://t.co/W34qziYIiz ...
Why Eversource Energy (ES) is a Top Growth Stock for the Long-Term
ZACKS· 2025-06-24 14:51
Group 1 - Zacks Premium offers various tools for investors, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens to enhance investment confidence [1][2] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market within 30 days, rated from A to F based on value, growth, and momentum characteristics [2][3] Group 2 - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales to highlight attractive investment opportunities [3] - The Growth Score assesses a company's financial health and future outlook by analyzing projected and historical earnings, sales, and cash flow to find stocks with sustainable growth potential [4] - The Momentum Score identifies optimal times to invest based on price trends and earnings estimate changes, emphasizing the importance of market trends [5] Group 3 - The VGM Score combines all three Style Scores, providing a comprehensive indicator that evaluates stocks based on value, growth, and momentum, assisting in narrowing down investment choices [6] - The Zacks Rank utilizes earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7][8] Group 4 - Eversource Energy, trading under the ticker symbol "ES," operates in the energy delivery sector, providing electricity and natural gas to customers in Connecticut, New Hampshire, and Massachusetts [12] - Eversource Energy holds a 3 (Hold) Zacks Rank with a VGM Score of B, indicating potential for growth, with a forecasted year-over-year earnings growth of 3.5% for the current fiscal year [13][14]
Cadiz to Participate in the 15th Annual ROTH London Conference
Prnewswire· 2025-06-24 13:15
LOS ANGELES, June 24, 2025 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz," the "Company"), a California water solutions company, announced today that the Company will participate in the 15th Annual ROTH London Conference being held at the Four Seasons Hotel London at Park Lane in London, UK on June 25-26, 2025.Cadiz's Chairman and CEO Susan Kennedy will be participating in one-on-one meetings throughout the conference with institutional investors. To inquire about the conference, please contact ...
HEDNO Advances Grid Modernization with Itron Intelligent Edge Solution in Greece
Globenewswire· 2025-06-24 12:45
Core Insights - Itron has signed a contract with Hellenic Electricity Distribution Network Operator S.A. (HEDNO) to enhance grid edge intelligence in Greece, aiming for improved customer experience and modernization of the electric grid to support net-zero emissions by 2050 [1][5] Group 1: Project Overview - HEDNO will implement Itron's Enterprise Edition Meter Data Management (MDM) system to manage 7.7 million meters and nearly 1 million new intelligent narrowband-IoT cellular smart meters [2][3] - The deployment will enhance operational efficiency, customer service, and provide better visibility into energy consumption, leading to faster issue resolution and flexible billing options [2][3] Group 2: Technological Integration - Itron's MDM system will allow HEDNO to access comprehensive meter datasets for accurate loss detection, improved revenue collection, and predictive maintenance capabilities [3][4] - The solution is pre-integrated with Itron's Intelligent Edge Operating System (IEOS), facilitating advanced grid capabilities such as energy forecasting and distributed energy resource management [4] Group 3: Strategic Importance - The project is deemed crucial for the modernization of the Greek electricity market, with Itron's MDM system serving as the central hub for data collection and analysis [5] - Itron's global experience managing over 50 million endpoints positions the company to effectively support HEDNO's evolving operational needs [6]