WEC Energy Group

StratCap Acquires Approximately $90 Million in Digital Infrastructure Assets

Retrieved on: 
Jeudi, juillet 13, 2023
Technology, Mobile, Wireless, Carriers and Services, Business, Finance, Professional Services, 5G, Telecommunications, Software, Networks, Internet, Hardware, Data Management, Security, AT&T, AT, Head, Acquisition, Alliant Energy, Police, Artificial intelligence, Growth, Verizon Communications, Digital, WEC Energy Group, T-Mobile, Mobile phone, Dish

StratCap (“StratCap” or “the Company”) announce today that in Q2 2023 the Company acquired nearly $90 million of essential digital infrastructure assets including 13 cell towers and a data center.

Key Points: 
  • StratCap (“StratCap” or “the Company”) announce today that in Q2 2023 the Company acquired nearly $90 million of essential digital infrastructure assets including 13 cell towers and a data center.
  • The 13 cell tower acquisitions included both individual and portfolio transactions with towers located throughout Missouri, Wisconsin, Florida, Tennessee, and New York.
  • Jim Condon, Managing Partner of StratCap, stated, “Digital transformation is moving deeper into all aspects of the global economy and our personal lives.
  • Digital infrastructure assets like cell towers, data centers, fiber networks, and the like, play a mission critical role in making it all work, as well as creating a solid, scalable foundation for the future.”

WEC Energy Group to replace reference rate for Junior Subordinated Notes

Retrieved on: 
Vendredi, juin 30, 2023
Benchmark, WEC Energy Group, CME, WEC, Peoples Energy, Adjustable-rate mortgage, LIBOR, Structure of the Federal Reserve System, SOFR, Wisconsin Public Service Corporation, Board of Governors of the International Atomic Energy Agency, Interest rate, Federal Reserve, NYSE, Life insurance, Public utility, Note

MILWAUKEE, June 30, 2023 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) announced today that, after June 30, 2023, CME Term SOFR, as administered by the CME Group Benchmark Administration, will be the replacement reference rate for WEC Energy Group's 2007 Series A Junior Subordinated Notes due 2067 (CUSIP:976657AH9) (the "Notes"), replacing U.S. dollar LIBOR as the reference rate.

Key Points: 
  • MILWAUKEE, June 30, 2023 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) announced today that, after June 30, 2023, CME Term SOFR, as administered by the CME Group Benchmark Administration, will be the replacement reference rate for WEC Energy Group's 2007 Series A Junior Subordinated Notes due 2067 (CUSIP:976657AH9) (the "Notes"), replacing U.S. dollar LIBOR as the reference rate.
  • WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving nearly 4.7 million customers in Wisconsin, Illinois, Michigan and Minnesota.
  • The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources.
  • WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500.

Bio-LNG Industry Outlook 2023-2032: Growing Demand for Decarbonization to Create Opportunities for Both Existing Market Participants and Market Entrants

Retrieved on: 
Vendredi, juin 30, 2023
Titan, GREEN, CREATE, Face, WEC Energy Group, RNG, GHG, Ship, Traction, Natural gas, Manure, Transport, Benchmarking

Moreover, the study provides the reader with a detailed understanding of the global bio-LNG market based on the application (automotive, ships, and others).

Key Points: 
  • Moreover, the study provides the reader with a detailed understanding of the global bio-LNG market based on the application (automotive, ships, and others).
  • The favored strategy for the companies has been product developments, business expansions, and acquisitions to strengthen their position in the global bio-LNG market.
  • Competitive Strategy: Key players in the global bio-LNG market analyzed and profiled in the study involve bio-LNG manufacturers and the overall ecosystem.
  • The companies that are profiled have been selected based on inputs gathered from primary experts, analyzing company coverage, product portfolio, and market penetration.

Global Bio-LNG Market with Regional Analysis: Focus on Application, Source and Region 2023-2032 - ResearchAndMarkets.com

Retrieved on: 
Vendredi, juin 23, 2023
Alternative Energy, Energy, Oil, Gas, GREEN, CREATE, Face, WEC Energy Group, RNG, Ship, Natural gas, Manure, Transport

The global bio-LNG market was led by agriculture residues in terms of source by value in 2022.

Key Points: 
  • The global bio-LNG market was led by agriculture residues in terms of source by value in 2022.
  • Asia-Pacific and Japan - Japan, India, South Korea, Australia, and Rest-of-Asia-Pacific and Japan
    In the global bio-LNG market, Europe dominates the market owing to several bio-LNG production facilities already operational and more in the pipeline.
  • In February 2023, Liqvis announced migration to bio-LNG for heavy-duty transportation starting in 2023 as it broadens its range of bio-LNG suppliers.
  • Beginning in mid-2023, Liqvis would gradually migrate to CO2-neutral bio-LNG and sell it as a substitute fuel at its refueling facilities.

Riverbend Energy Group Announces Acquisition to Mark the Rebuilding of Its Non-Operated Energy Strategy

Retrieved on: 
Lundi, juin 19, 2023
Energy, Other Energy, Oil, Gas, Permian, WEC Energy Group, Riverbend, Acquisition, Cryptocurrency

Riverbend Energy Group (“Riverbend” or the “Company”), via certain of its affiliates, announced today the acquisition of a sizeable non-operated working interest position in the core of the Williston Basin (the “Acquisition”).

Key Points: 
  • Riverbend Energy Group (“Riverbend” or the “Company”), via certain of its affiliates, announced today the acquisition of a sizeable non-operated working interest position in the core of the Williston Basin (the “Acquisition”).
  • The Acquisition and other recent transactions mark the rebuilding of Riverbend’s traditional non-operated energy strategy following Riverbend’s successful exit in 2022.
  • These traditional energy focused strategies are complemented by Riverbend’s active energy transition platform.
  • “For more than 20 years, our team has demonstrated its capabilities as a leading energy investment manager and operating company.

REDDING RANCHERIA ANNOUNCES NEW BUSINESS AND PARTNERSHIP WITH HYDROGEN 2 ENERGY GROUP (H2EG) AIMED TO CREATE CARBON-NEGATIVE BIOFUELS

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Vendredi, juin 16, 2023
Hydrogen, State, Electrolysis, WEC Energy Group, Tree, Policy, Electricity, Tribe, Redding Rancheria, Fire, Carbon, United States Department of State, City, Climate change, Rollerball (1975 film), Pyrolysis, Conservation, California Department of Conservation, Transport, Biomass, Environment, CO2, Coal, Renewable energy

REDDING, Calif., June 15, 2023 /PRNewswire/ -- The Redding Rancheria Tribe and the State of California Department of Conservation are excited to announce that a wholly-owned subsidiary of the Tribe has received a $500,000 grant from the Department of Conservation to assist the Tribe with developing a new hydrogen production facility in Red Bluff, California.

Key Points: 
  • "We congratulate the Redding Rancheria Tribe and look forward to our ongoing collaboration," Department of Conservation Director David Shabazian said.
  • Tribal member and President of the Redding Rancheria Hydrogen 2 Energy Corporation, Jeremy Hayward, said, "As tribal members we've learned to be responsible for the next seven generations.
  • H2 Energy Group Chairman and Founder Christopher Headrick said, "We're thrilled to have the opportunity to work with the Redding Rancheria and the State of California on this project.
  • The I-5 corridor is a natural place to deploy this technology to produce green hydrogen fuel as soon as possible."

CUB Working to Cut Peoples Gas Hike by $100+ Million

Retrieved on: 
Jeudi, juin 1, 2023
CUB, Peoples Energy, Illinois Commerce Commission, WEC Energy Group, Capital structure, ICC, City, Climate change, Heat, ROE, News, Public utility, Oil, Health insurance, Kolata

CHICAGO, June 1, 2023 /PRNewswire/ -- With Peoples Gas making record profits while customers struggle to afford their bills under the utility's mismanaged pipeline-replacement program, the Citizens Utility Board (CUB) said Thursday it is working to reduce the utility's record rate-hike request by more than $100 million. 

Key Points: 
  • "Peoples Gas customers have been suffering for years under rapidly rising bills, as the company rakes in record profits," Kolata said.
  • On January 6, Peoples Gas filed for a $402 million increase in the rates it charges to deliver the heating fuel to homes.
  • Instead, CUB argues for a more reasonable 9.5 percent ROE, which would reduce the rate hike by $14 million.
  • Other financial adjustments, including issues related to pension and cash working capital, totaled about $21 million for total reductions of about $63 million.

Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. for the Three Months Ended March 31, 2023

Retrieved on: 
Mercredi, mai 31, 2023
Amos, International, Electricity, Bank statement, WEC Energy Group, TT, Season, Government, TEL, International Financial Reporting Standards, TASE, Criticism of the Israeli government, NYSE, Renewable energy, Dorad Power Station

TEL AVIV, Israel, May 31, 2023 /PRNewswire/ -- Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO) ("Ellomay" or the "Company"), a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, today reported the publication in Israel of financial statements for the three months ended March 31, 2023 of Dorad Energy Ltd. ("Dorad"), in which Ellomay currently indirectly holds approximately 9.4% through its indirect 50% ownership of Ellomay Luzon Energy Infrastructures Ltd. (formerly U. Dori Energy Infrastructures Ltd.) ("Ellomay Luzon Energy").

Key Points: 
  • Based on applicable regulatory requirements, the quarterly report of the Luzon Group includes the financial statements of Dorad for the same period.
  • The financial statements of Dorad for the quarter ended March 31, 2023 were prepared in accordance with International Financial Reporting Standards.
  • Ellomay will include its indirect share of these results (through its holdings in Ellomay Luzon Energy) in its financial results for this period.
  • Dorad's unaudited revenues for the three months ended March 31, 2023 – approximately NIS 648.3 million.

As Peoples Gas Rolls in Profits and Pushes for Record Rate Hike, Disturbing New Filings Shine Light on Mismanagement, Stonewalling in Troubled Pipeline Program

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Mercredi, mai 17, 2023
CUB, Peoples Energy, Illinois Commerce Commission, WEC Energy Group, Illinois General Assembly, Multimedia, Commissioner, ICC, Online shopping, Natural gas

CHICAGO, May 17, 2023 /PRNewswire/ -- New filings with the Illinois Commerce Commission (ICC) reveal a disturbing pattern of mismanagement of the troubled Peoples Gas pipeline-replacement program, with the company not answering basic questions about the program and admitting it hasn't done an overall cost-analysis in nearly a decade. 

Key Points: 
  • Peoples Gas made three filings with state regulators this week, as the gas utility pushes for a state-record $402 million rate-hike request and a seventh straight year of record profits.
  • "Peoples Gas has raked in six straight years of record profits, while its pipeline-replacement program is chronically behind-schedule and over-budget and is bankrupting a large number of customers," CUB Executive Director David Kolata said.
  • This stonewalling is a terrible look for the company, and it shouldn't bode well for the utility's record rate hike."
  • Peoples Gas customers have struggled with rapidly rising gas bills for years, and reckless utility spending through its massive pipeline-replacement program has been the primary cause.

CNEY Awarded License Renewal to Process and Sell Wood Products; Expects to Enhance Operating Efficiencies

Retrieved on: 
Mercredi, mai 17, 2023
WEC Energy Group, Electricity, Greater Khingan, Fire, Collection, Carbon, Renewable energy

Inc. (NASDAQ: CNEY) ("CNEY" or the "Company") today announced that its wholly-owned subsidiary, Greater Khingan Range Forasen Energy Technology Co., Ltd. Tahe Biopower Plant ("Tahe Biopower Plant"), has recently received a renewed business license with authorization to process and sell timber products.

Key Points: 
  • Inc. (NASDAQ: CNEY) ("CNEY" or the "Company") today announced that its wholly-owned subsidiary, Greater Khingan Range Forasen Energy Technology Co., Ltd. Tahe Biopower Plant ("Tahe Biopower Plant"), has recently received a renewed business license with authorization to process and sell timber products.
  • The license will be mostly used by the Tahe Biopower Plant located at the Greater Khingan Range in Northeast China.
  • The Company regards the renewed license as a milestone, as it enables the Company to collect and process forest residuals and wood wastes more effectively and efficiently, while leveraging its proprietary technologies to create higher value-add in a seamlessly integrated process.
  • We expect the renewal of this license will alleviate a bottleneck on raw material collection and may expand our revenue sources.