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Georgia Power names Arthur Tripp as vice president of Economic Development
Prnewswire· 2025-06-09 18:15
Core Insights - Georgia Power has appointed Arthur Tripp as the new vice president of Economic Development, succeeding Walt Farrell [1][2] - The company has a strong reputation for economic development, having contributed to over 1,100 projects that resulted in more than 214,000 new jobs and nearly $89 billion in capital investment [4] Company Overview - Georgia Power serves 2.8 million customers and is the largest electric subsidiary of Southern Company [6] - The company is committed to delivering clean, safe, reliable, and affordable energy, with a diverse generation mix including nuclear, coal, natural gas, and renewables [6] Leadership Background - Arthur Tripp has extensive experience in economic development, previously serving as the state executive director of the USDA Farm Service Agency in Georgia and as a senior policy advisor [2][3] - Tripp holds a bachelor's degree in political science from the University of Georgia and has been actively involved in various leadership programs and boards [3]
RGC Resources (RGCO) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
ZACKS· 2025-06-09 14:56
Group 1: Stock Performance and Technical Analysis - RGC Resources Inc. (RGCO) shares have declined by 5% over the past four weeks, but a hammer chart pattern formed in the last trading session suggests potential support and a possible trend reversal [1] - The hammer pattern indicates a nearing bottom with likely subsiding selling pressure, which supports a bullish case for the stock [2] - The hammer chart pattern is characterized by a small candle body and a long lower wick, indicating that buying interest has emerged after a new low during a downtrend [4][5] Group 2: Fundamental Analysis and Earnings Estimates - There has been an upward trend in earnings estimate revisions for RGCO, which is considered a bullish indicator [7] - Over the last 30 days, the consensus EPS estimate for the current year has increased by 1.6%, indicating that analysts expect better earnings than previously predicted [8] - RGCO currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [9]
Duke Energy proposes milestone new natural gas plant to help build a stronger energy future for South Carolina
Prnewswire· 2025-06-09 14:00
Core Viewpoint - Duke Energy plans to submit an application to build a new natural gas power plant in Anderson County, South Carolina, to meet the growing energy demands of the state due to economic development and population growth [1][2]. Group 1: Project Details - The construction application is expected to be submitted later this year, with construction anticipated to begin in summer 2027 and the plant expected to serve customers by early 2031 [3]. - The facility will be located on nearly 200 acres near Highway 81 South in Anderson County and is designed to provide approximately 1,400 megawatts of electricity [7]. Group 2: Strategic Importance - The project is the first request by Duke Energy to build new generation in South Carolina in a decade and aligns with state leaders' goals to enhance electricity capacity in response to growth [6][8]. - The facility will utilize existing infrastructure and is part of a partnership with GE Vernova to supply natural gas turbines, supporting advanced manufacturing and data centers [7]. Group 3: Community and Leadership Support - Local leaders, including Governor Henry McMaster and Senate President Thomas Alexander, emphasize the importance of reliable energy infrastructure for South Carolina's economic success and future prosperity [8][9]. - Duke Energy's commitment to this project reflects its ongoing partnership with Anderson County and aims to benefit the local economy and community [9]. Group 4: Company Overview - Duke Energy is a major energy holding company serving 8.6 million customers across several states and owns 55,100 megawatts of energy capacity [10]. - The company is focused on an energy transition that includes investments in cleaner generation sources such as natural gas, nuclear, renewables, and energy storage [11].
Southern Company's Georgia Power Prepares for a Storm-Heavy 2025
ZACKS· 2025-06-09 13:06
Key Takeaways Georgia Power ramps up smart grid tech and upgrades to prep for a storm-heavy 2025 season. Self-healing grid tech helped restore power faster in 2024 during record-breaking Hurricane Helene. Georgia Power promotes outage alerts, maps and safety tools to help customers stay storm-ready.The Southern Company’s (SO) subsidiary, Georgia Power, is doubling down on efforts to maintain safe and reliable electricity service ahead of the 2025 Atlantic Hurricane Season amid the National Oceanic and Atm ...
21世纪ESG热搜榜(第177期)丨五家银行入选2024年气候友好型银行业金融机构;全球仅有12%的公司符合1.5°C温控路径
Group 1: Climate-Friendly Financial Institutions - Five banks have been selected as "Climate-Friendly Financial Institutions" for 2024, including Sichuan Bank, Bank of China Shenzhen Branch, Agricultural Bank of China Shenzhen Branch, Postal Savings Bank of China Beijing Branch, and China Everbright Bank Beijing Branch [1] - The selection was organized by the Climate Investment and Financing Professional Committee of the China Environmental Science Society, following the "Evaluation Guidelines for Climate-Friendly Financial Institutions" [1] - The aim of the evaluation is to stimulate financial institutions' responsiveness to climate change and guide social capital towards climate-related fields, supporting the "dual carbon" goals [1] Group 2: Environmental Protection Initiatives - The "2025 Together Walk, Together Move - Protecting One Kilometer of River" large-scale environmental public welfare activity was launched in Beijing, focusing on enhancing water environment protection awareness [2] - The initiative involves collaboration among various stakeholders, including the China Environmental Protection Federation and FedEx, to promote ecological protection actions across 15 cities [2] - A three-party collaborative model for water management was proposed, emphasizing the integration of social institutions, corporate resources, and public participation [2] Group 3: Sustainable Action Plans - The "Earth Guardian" sustainable action plan was launched by the Ministry of Ecology and Environment's Publicity and Education Center in collaboration with Morning Glory, introducing co-branded cultural products [3] - The first products include pens made from recycled materials and carbon-neutral notebooks, aiming to integrate green low-carbon concepts into daily life [3] - Future collaborations will focus on developing more ecological cultural products and sustainable education activities [3] Group 4: Climate Transition Report - MSCI's "Transition Finance Tracking Report" indicates that only 12% of global listed companies align with the 1.5°C temperature control pathway, while 61% are expected to exceed a 2°C increase [4] - The report highlights that climate transition funds have a carbon intensity five times higher than those aligned with the Paris Agreement [4] Group 5: Investment Trends in High-Emission Sectors - Private climate funds are leading investments in high-emission utility sectors, with 40% of their investments directed towards this area, compared to only 8% for public climate funds [5] - In Q1 2025, 89% of carbon credits entering the market were from projects aimed at reducing CO2e emissions [5] Group 6: Green Industry Development in Beijing - Beijing's urban sub-center aims to become a benchmark for green economic development, promoting ten green industries [6] - Key industries include carbon services, ESG services, green finance, and future energy sectors, with a focus on sustainable growth and innovation [6] - By 2027, the sub-center aims for a 20% annual growth in effective green technology patents and the establishment of over 300 green enterprises [7] Group 7: Carbon Emission Disclosure by Securities Firms - 22 securities firms have collectively reported their ESG disclosures, with most expanding their carbon emission statistics [9] - Over half of these firms achieved year-on-year emission reductions, and nine firms disclosed their Scope 3 carbon emissions [9] - More than ten firms have reported on developing diverse carbon financial products [9] Group 8: Market Penalties for Misconduct - The controlling shareholder of Jialinjie received market entry bans due to fraudulent activities related to bond issuance and information disclosure violations [10][11] - The regulatory actions highlight the importance of compliance and transparency in the financial sector [10][11]
FirstEnergy Announces Proposed Offering of $950 Million of Convertible Senior Notes Due 2029 and $850 Million of Convertible Senior Notes Due 2031
Prnewswire· 2025-06-09 10:30
Core Viewpoint - FirstEnergy Corp. plans to offer $950 million of convertible senior notes due 2029 and $850 million due 2031 in a private placement, with an option for initial purchasers to buy an additional $150 million of each series within 13 days of issuance [1][2]. Group 1: Offering Details - The offering consists of two series of convertible senior notes: the 2029 Notes and the 2031 Notes, totaling $1.8 billion [1]. - The Notes will be unsecured and unsubordinated obligations of FirstEnergy, convertible under certain conditions, with interest payable semiannually [3]. - The offering is targeted at qualified institutional buyers under Rule 144A of the Securities Act, and the Notes will not be registered under the Securities Act [4]. Group 2: Use of Proceeds - Net proceeds from the offering will be used for repurchasing existing convertible senior notes, repaying or refinancing existing debt, and general corporate purposes [2]. Group 3: Company Overview - FirstEnergy serves over 6 million customers across several states and operates approximately 24,000 miles of transmission lines [6].
NextEra Energy: Built for Long-Term Growth?
The Motley Fool· 2025-06-07 12:45
Core Viewpoint - NextEra Energy is positioned as a reliable investment opportunity due to its strong performance, commitment to shareholder returns, and conservative business model [2][12]. Business Overview - NextEra Energy is one of the largest regulated electric utilities in North America, primarily generating revenue from Florida Power and Light (FPL) and NextEra Energy Resources, serving over six million customers [4][5]. - The company operates a diversified portfolio of clean energy assets totaling approximately 38 gigawatts (GW), including solar, wind, and nuclear power [6]. Financial Performance - NextEra Energy has maintained an average EBITDA margin of 51.8% from 2020 to 2024, outperforming peers like Southern Company and Duke Energy [8]. - The company has averaged a payout ratio of 81% over the past five years and has increased its dividend for over 30 consecutive years [12]. Growth Strategies - NextEra Energy plans to petition the Florida Public Service Commission for rate increases, proposing base rate hikes of about $1.6 billion and $0.9 billion for 2026 and 2027, respectively [13]. - The company has a backlog of renewable energy projects totaling 28 GW and a pipeline of 300 GW, with recent additions of 1.4 GW of wind, 2.5 GW of solar, and 0.8 GW of battery storage capacity [14]. - Acquisitions have been a growth strategy, including the 2019 acquisition of Gulf Power for approximately $4.4 billion and the 2021 acquisition of GridLiance for $502 million [15]. Investment Consideration - With the stock trading at 11.4 times operating cash flow, below its five-year average of 14.9, it is suggested that now may be an opportune time to invest in NextEra Energy [16].
Edf: Appointment of Nathalie Pivet as Group Executive Director in charge of the Performance, Impact, Investment and Finance Division on an interim basis
Globenewswire· 2025-06-06 16:09
Group 1: Leadership Changes - Nathalie Pivet has been appointed as Group Executive Director in charge of the Performance, Impact, Investment and Finance Division on an interim basis, effective July 1, 2025 [1] - Xavier Girre, the former CEO of EDF, played a significant role in the company's financial management and sustainable finance initiatives over the past 10 years [2] Group 2: Nathalie Pivet's Background - Nathalie Pivet, aged 58, is a graduate of the École Supérieure de Commerce de Paris and has extensive experience in financial roles across various companies, including Veolia and Alstom [2] - Pivet has been with EDF since November 2016, serving in various capacities, including Director of Reporting, Planning, and Finance IT Systems, and Head of the Group's Performance, Trajectory and Reporting Division since September 2019 [2] Group 3: EDF Group Overview - EDF is a key player in the energy transition, involved in power generation, distribution, trading, energy sales, and services, with a focus on low-carbon energy [3] - The company generated 520 TWh of energy in 2024, with 94% being decarbonized, and has a carbon intensity of 30 gCO2/kWh [3] - EDF serves approximately 41.5 million customers and reported consolidated sales of €118.7 billion in 2024 [3]
Southern's Subsidiary Backs Edged to Expand Green Data Centers
ZACKS· 2025-06-06 13:40
Key Takeaways SO's PowerSecure has delivered 152 MW to support Edged's growing presence in key U.S. data center markets. Edged facilities run water-free cooling and cut energy use by 74%, built for high-density AI workloads. PowerSecure uses Tier 4 PowerBlocks and smart microgrids to ensure uptime, efficiency and low emissions.Southern Company’s (SO) subsidiary PowerSecure has announced a significant expansion of its strategic alliance with Edged, a premier developer of ultra-efficient and sustainable dat ...
Georgia Power prepared for 2025 Hurricane Season
Prnewswire· 2025-06-06 13:30
Company encourages customers to take time to prepare for above-average Atlantic Hurricane season;Hurricane Helene response underscores importance of preparation and readiness ATLANTA, June 6, 2025 /PRNewswire/ -- With June 1 marking the official start of the 2025 Atlantic Hurricane Season, and the National Oceanic and Atmospheric Administration (NOAA) predicting an above-average season (read more), Georgia Power is committed to safely and reliably serving all customers, and prepared to respond to any hurric ...