MPE | Jotup

Mountain Power Electric Acquired by Skyview Energy, a Division of PS Energy

Retrieved on:

Tuesday, April 2, 2024

MPE, Acquisition, Energy, Environmental remediation

MURPHY, N.C., April 2, 2024 /PRNewswire-PRWeb/ -- Skyview Energy, a local provider of petroleum products and support services, has acquired Mountain Power Electric (MPE), a Murphy-based Generac distributor. The acquisition expands Skyview's offerings of energy solutions to the residents of North Carolina, Georgia and Tennessee's Tri-State area. Since 1980, MPE has provided sales, installation and service of Generac generators and other electrical services to homes and businesses in the surrounding communities.

Key Points:

Skyview Energy expands energy solutions offering across North Carolina, Georgia and Tennessee's Tri-State area
MURPHY, N.C., April 2, 2024 /PRNewswire-PRWeb/ -- Skyview Energy, a local provider of petroleum products and support services, has acquired Mountain Power Electric (MPE), a Murphy-based Generac distributor.
The acquisition expands Skyview's offerings of energy solutions to the residents of North Carolina, Georgia and Tennessee's Tri-State area.
Skyview Energy will carry on MPE's legacy of courteous and dependable service that the company has provided to its customers for more than 40 years.
Skyview Energy's parent company, PS Energy, provides comprehensive fuel solutions to clients across the United States.

Debate on: Is the inflation surge over and what are the lessons for monetary policy?

Retrieved on:

Wednesday, April 3, 2024

Consensus, Momentum, Angelini, Tax, MIR, Exercise, Consensus Economics, BIS, DFR, Interest, APP, Labour, Policy, Bank of Greece, PEPP, BSI, ECB, Observation, Aes, Evolution, Refinitiv, Cargo, GDP, T2, Watcher, T3, Deutsche Bundesbank, LHS, Electricity, Projection, MMR, Real, T+2, Disinflation, Bank of France, SMA, Food, OIS, MFI, Perception, CES, Economics, Persistent, Bank for International Settlements, SVAR, Growth, MPE, Common, Consensus decision-making, Bank, XXIV, ILS, HICP, Bloomberg, RHS, BVAR, Elasticity, Unit, Lombard, Surface finishing

Shocks to the shortages variable are constructed as deviations in the values from the sample mean.

Key Points:

Shocks to the shortages variable are constructed as deviations in the values from the sample mean.
Shocks to the vacancy-to-unemployment ratio (labour market variable) are constructed
as the actual value minus the value in the fourth quarter of 2019.
?Indirect impact of energy prices on non-energy inflation? is the sum of the indirect effects of oil,
gas and electricity prices.
3
Historical
Rubric comparison of inflation episodes in the euro area ? headline and core
Headline

Core

(percentage points)

(percentage points)
Current euro area episode
Past global episodes

Current euro area episode
Past global episodes
2

2

0

0

-2
-4

-2

-6
-8

-4

-10
-12

-24

-18

-12

-6

0

6

12

18

-6

24

Months around inflation peak

-24

-18

-12
-6
0
6
12
Months around inflation peak

18

Sources: BIS, Eurostat and ECB calculations.
The dark blue line represents the latest developments in headline and core inflation for the euro area, relative to the October
2022 peak.
Non-energy industrial goods inflation refers to a panel of all euro area countries, while services inflation refers to
a panel of 30 AEs and 28 EMEs.
Month = 0 is when the headline inflation value is at the highest during that particular episode.
The dark blue line represents the latest developments
in non-energy industrial goods and services inflation for the euro area, relative to the October 2022 peak.
unprocessed
food and energy
HICPX

8
3.0

3.0

2.5

2.5

2.0

2.0
1.5

1.5
1.0
Feb-24

Jul-24

1.0
Dec-24 Feb-24

Jul-24

8

7

7

6

6

5

5

4

4

3

3

2

2

1

1

Adjusted
measures

Difference
4

3

2

1

0
0
0
Feb-24 Jan-23 Jul-23 Jan-24
Jan-23 Jul-23 Jan-24
Feb-24 Jan-23 Jul-23 Jan-24
Feb-24

Dec-24

Sources: Eurostat, March 2024 ECB staff short-term inflation outlook, Consensus
Economics, Bloomberg and ECB calculations.
The ?adjusted?
measures abstract from energy and supply-bottleneck shocks using a large SVAR, see
Ba?bura, Bobeica and Mart?nez-Hern?ndez (2023), ?What drives core inflation?
Notes: 5-days moving average risk-neutral
probabilities of inflation implied by five-year and tenyear zero-coupon inflation options.
16
8

12
Quarters

16

20

Policy
Rubriccounterfactuals
Interest rate under alternative
counterfactuals

Counterfactual impacts on
Inflation

(percentages per annum)

(annual percentage change)

Baseline
Earlier and longer
Earlier, longer and higher

8

Baseline

7
6
5
4
3
2
1
0
-1
2021Q4

2022Q4

2023Q4

2024Q4

Earlier, longer and higher

10

2

8

0

6

-2

4

-4

2

-6

0

-8

-2

2025Q4

Earlier and longer

Output gap

(p.p.
The RHS chart displays the impact on inflation (first panel) and output gap (second panel) for each of the hypothetical alternative paths of the interest
rate.
As a caveat, financial feedback loops as well as feedback loops between inflation expectations and inflation are not activated.

Mountain Parks Electric and Guzman Energy Announce 20-year Wholesale Power Supply Partnership

Retrieved on:

Thursday, February 29, 2024

Alternative Energy, Energy, Utilities, Oil, Gas, Cooperative, MPE, PSA, Partnership, Environmental remediation

Mountain Parks Electric (MPE) has entered into a power sales agreement (PSA) with Guzman Energy to provide wholesale power and energy management services to the northern Colorado based electric cooperative.

Key Points:

Mountain Parks Electric (MPE) has entered into a power sales agreement (PSA) with Guzman Energy to provide wholesale power and energy management services to the northern Colorado based electric cooperative.
The agreement with Guzman Energy will stabilize energy costs through contracted wholesale power rates over the contract term.
Guzman Energy is proud to be MPE’s comprehensive energy partner.”
Mountain Parks Electric, Inc. (MPE) is a member-owned electric utility cooperative.
Guzman Energy is a wholesale power provider dedicated to communities in search of affordable and reliable energy.

MPE Partners Announces Investment in Webster Industries

Retrieved on:

Wednesday, March 6, 2024

Morgenthaler, Webster, Partnership, Growth, EVP, MPE, AJ, Management

CLEVELAND and BOSTON, March 6, 2024 /PRNewswire/ -- MPE Partners ("MPE" or "Morgenthaler Private Equity") announced today an investment in Webster Industries, Inc. ("Webster" or the "Company"), a market leading manufacturer of engineered class chain, engineered class sprockets, and vibratory equipment for material handling and power transmission applications across diverse industrial end markets.

Key Points:

CLEVELAND and BOSTON, March 6, 2024 /PRNewswire/ -- MPE Partners ("MPE" or "Morgenthaler Private Equity") announced today an investment in Webster Industries, Inc. ("Webster" or the "Company"), a market leading manufacturer of engineered class chain, engineered class sprockets, and vibratory equipment for material handling and power transmission applications across diverse industrial end markets.
Domestic, diverse, and vertically integrated manufacturing capabilities differentiate Webster on quality, service, lead times, and customization capabilities against competitors.
Constantine Elefter, Partner at MPE, said, "We are thrilled about our investment in Webster.
Tom Wyza, Vice President at MPE, added, "We are equally excited about pursuing complementary add-on acquisitions that enhance Webster's value proposition."

Measuring market-based core inflation expectations

Retrieved on:

Thursday, February 15, 2024

Abstract

Key Points:

Abstract
We build a novel term structure model for pricing synthetic euro area core inflation-linked
swaps, a hypothetical swap contract indexed to core inflation.
The model provides estimates of market-based expectations for core inflation, as
well as core inflation risk premia, at daily frequency, whereas core inflation expectations from
surveys or macroeconomic projections are typically only available monthly or quarterly.
We
find that core inflation-linked swap rates are generally less volatile than headline inflationlinked swap rates and that market participants expected core inflation to be substantially
more persistent than headline inflation following the 2022 energy price spike.
In this paper, we aim to infer market-based core inflation expectations, which are otherwise
not directly observable because no financial asset directly tied to core inflation exists.
We deem this second assumption reasonable because HICP inflation itself is a linear combination
of core as well as energy and food inflation.
The level of 2 percent and relatively low volatility of
long-term inflation expectations suggests that inflation expectations are firmly anchored at the
ECB?s 2 percent inflation target.
This assumption appears reasonably uncontroversial,
as core inflation is a sub-component of headline inflation, which the observable headline ILS
rates are tied to.
Our estimates of core ILS rates reflect both market participants? genuine core
inflation expectations and a core inflation risk premium, but our model explicitly allows for
this decomposition.
The model-implied estimates of core ILS rates appear reasonable along several dimensions:
(i) like realized core inflation is less volatile than headline inflation, the core ILS rates are less
volatile than headline ILS rates, (ii) core ILS rates comove less with oil prices than headline
ILS rates, (iii) the core inflation expectations, as reflected in core ILS rates, typically evolve
similarly as the core inflation projections by Eurosystem staff, and (iv) consistent with market
commentary at the time, core ILS rates suggest that market participants expected core inflation
to be substantially more persistent than headline inflation following the 2022 energy price spike.
To the best of our knowledge, we are the first to price core ILS rates and decompose them into
market-based expectations for and risks around the core inflation outlook.
Our approach to inferring core ILS
rates from headline ILS rates, realized headline and core inflation as well as survey expectations
for headline and core inflation is also related to Ang et al.
Relative
to their study, we separately measure core inflation expectations and risk premia, we provide
core inflation expectations at a higher-frequency, and we provide evidence on the causal effects
ECB Working Paper Series No 2908

6

of monetary policy shocks on core inflation expectations and risk premia.
Specifically, we decompose the synthetic core ILS rates
into average expected core inflation over the lifetime of the swap contract and a core inflation
risk premium that compensates investors for core inflation risk.
In
our model below, this term is constant over time and relatively small, so we will simply refer
to the core inflation risk premium as the difference between the core ILS rate and the average
expected core inflation over the lifetime of the swap contract.
3.2
Core ILS rates

To have a joint model for headline and core ILS rates, we need one further assumption on the
dynamics of realized core inflation.
The assumption that core inflation is driven by the same set of factors as headline inflation
should be relatively uncontroversial: since headline inflation is a weighted average of core and
food and energy inflation, it should reflect any factors driving core inflation.
If there are factors
driving food and energy inflation, which do not show up in core inflation, then those factors
should still show up in headline inflation.
In step two, to be able to infer the factor
loadings of core inflation, we would regress realized core inflation onto the estimated latent
factors to identify the additional parameters in equation (12).
Before the fourth
quarter of 2016, the SPF did not ask respondents for their core inflation expectations, so we
are not able to use survey-based information about core inflation before then.
Before
2016, the fitted core inflation series is somewhat above the realized one, potentially reflecting
that the model has limited information about core inflation over this early period due to the
lack of information about core inflation from surveys.
This could have been the
case if one of the factors moved core inflation and energy and food inflation in exactly offsetting
direction, so the overall impact on headline inflation was exactly zero.
During 2021, for example, there were
ECB Working Paper Series No 2908

25

Figure 7: Decomposition of synthetic core ILS rates
2y core ILS

5y core ILS

5
4

5
ILS

premia

exp

4

ILS

premia

exp

3

3

2

2

1

1

0

0

-1

-1

-2
2017 2018 2019 2020 2021 2022 2023

-2
2017 2018 2019 2020 2021 2022 2023

10y core ILS

5y5y core ILS

5
4

5
ILS

premia

exp

4

ILS

premia

exp

3

3

2

2

1

1

0

0

-1

-1

-2
2017 2018 2019 2020 2021 2022 2023

-2
2017 2018 2019 2020 2021 2022 2023

Note: Synthetic core ILS rates decomposed into genuine core inflation expectations and core inflation risk
premia.
ECB Working Paper Series No 2908
26

Figure 8: Decomposition of ILS rates
2y ILS

5y ILS

5
4

5
ILS

premia

exp

4

3

3

2

2

1

1

0

0

-1

-1

-2
2006

2010

2014

2018

2022

-2
2006

ILS

2010

10y ILS

2018

2022

5
ILS

premia

exp

4

3

3

2

2

1

1

0

0

-1

-1

-2
2006

2014

exp

5y5y ILS

5
4

premia

2010

2014

2018

2022

-2
2006

ILS

2010

premia

2014

2018

exp

2022

Note: ILS rates decomposed into genuine core inflation expectations and core inflation risk premia.
We find that the headline inflation risk premium
indeed does responds more strongly than the core inflation risk premium.
The key
assumption underlying our approach is that traded headline ILS rates span core inflation, which
ECB Working Paper Series No 2908

35

should be reasonably uncontroversial as core inflation is a sub-component of headline inflation.
We fit the model to euro area headline ILS rates, realized headline and core inflation, and
both headline and core inflation expectations reported in the SPF.
Decomposing our core ILS rates into genuine core inflation expectations and core
inflation risk premia shows that shorter maturities mainly reflect core inflation expectations,
while the core inflation risk premium matters relatively more for longer maturities.
Our results suggest that a monetary policy tightening surprise significantly lowers
near-term core inflation expectations, although less so than it lowers headline inflation expectations.

A forward-looking tracker of negotiated wages in the euro area

Retrieved on:

Saturday, February 10, 2024

Online, Blog, Country, Monetary Policy Committee, Deutsche Bundesbank, The, Bank of Greece, Bank, Statistics, Growth, No-no, GDP, Working Group, Projection, Calendar, Curve, Database, Selection bias, Trinity College, CPH, Lecture, RHS, MPC, Inflation, Food, Unemployment, Private sector, Journal, National Bank of Belgium, CPE, BDF, WGF, Eurostat, Social science, JEL, WT, Statistics Austria, Central bank, Forward, COVID-19, Labour, Government, Exercise, Social Security, Bank of France, Labour economics, NCBS, HICP, JRS, Bank of Slovenia, ULC, Letter, PDF, Bank of Lithuania, SSRN, Social, Work, COE, ECB, Research Papers in Economics, Data, Central Bank of Cyprus, Cross, Phillips curve, Employment, Forecasting, Welfare, Structure, Collective bargaining, Bias, Bank of Italy, De Nederlandsche Bank, Green, Rotation, Rigidity, School, Nationalbank, Section 5, European Central Bank, Reproduction, J50, Comment, NMW, Ministry of Labour, Index, Central Bank of Ireland, Research, E24, ISSN, Public sector, Limited, Chart, Education, Policy, Ministry, Banco de Portugal, Trinity College Dublin, Section 3, Disinflation, CBS, CBI, Coronavirus, Acceleration, National bank, Frankfurt, Bank of Finland, MPE, Section 4, Annual, OECD, Nickel, Clothing

Key Points:

ESCO Reports First Quarter Fiscal 2024 Results

Retrieved on:

Thursday, February 8, 2024

Hand, CMT, EPS, Organic, Acquisition, Navy, Growth, Central Time, GAAP, OEM, OTC, A&D, NRG, USG, MPE, ESCO, Mobile phone

St. Louis, Feb. 08, 2024 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today reported its operating results for the first quarter ended December 31, 2023 (Q1 2024).

Key Points:

St. Louis, Feb. 08, 2024 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today reported its operating results for the first quarter ended December 31, 2023 (Q1 2024).
Q1 2024 Sales increased $12.8 million (6.2 percent) to $218.3 million compared to $205.5 million in Q1 2023.
Our teams continue working hard to drive growth and deliver solid operating results and their efforts enabled us to deliver solid Q1 EPS results.
The Company will host a conference call today, February 8, at 4:00 p.m. Central Time, to discuss the Company’s Q1 2024 results.

RS Oncology Announces First Patient Dosed in Phase 2 Clinical Study (MITOPE) Investigating RSO-021 for the Treatment of Malignant Pleural Mesothelioma and Metastatic Disease to the Lung

Retrieved on:

Thursday, February 1, 2024

The research and clinical teams are investigating RSO-021 anticancer activity in patients with malignant pleural mesothelioma and metastatic disease to the lung.

Key Points:

The research and clinical teams are investigating RSO-021 anticancer activity in patients with malignant pleural mesothelioma and metastatic disease to the lung.
(Photo: Dan Ryan)
Malignant pleural effusion (MPE) is the build up of fluid in the lining membrane (pleura) of the lungs.
RSO’s novel, investigational anti-cancer treatment, RSO-021, is administered weekly directly into the pleural space following MPE drainage via an indwelling pleural catheter.
“Commencing the Phase 2 portion of our trial presents a major milestone for patients and their caregivers.”

ESCO Announces Record Fourth Quarter And Fiscal 2023 Results

Retrieved on:

Thursday, November 16, 2023

EBITDA, CMT, MPE, Acquisition, NYSE, EBIT, Investment, Growth, EPS, Inflation, GAAP, Adjustment, Ageing, Hand, Central Time, Software, EMC, USG, A&D, ESCO, Virginia Class, FY, NRG, Arms industry, Pharmaceutical industry, Self storage, Renewable energy, Rare-earth element, Bookkeeping, Fine chemical, Navy, Test, Q4

St. Louis, Nov. 16, 2023 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today reported its operating results for the fourth quarter (Q4 2023) and fiscal year (FY 2023) ended September 30, 2023.

Key Points:

St. Louis, Nov. 16, 2023 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today reported its operating results for the fourth quarter (Q4 2023) and fiscal year (FY 2023) ended September 30, 2023.
Q4 2023 sales increased $16 million (6 percent) to $273 million compared to $257 million in Q4 2022.
Full year 2023 entered orders increased $73 million (8 percent) to $1.0 billion (book-to-bill of 1.08x) and resulted in record year-end backlog of $772 million.
The dedication of our employees is a key factor in being able to deliver record results once again.

Elpiscience Announces Studies Presented at Society for Immunotherapy of Cancer (SITC) 2023 Annual Meeting

Retrieved on:

Sunday, November 5, 2023

Elpiscience Biopharmaceuticals, Inc. (“Elpiscience”), a clinical-stage biopharmaceutical company focused on developing next-generation immunotherapies to benefit cancer patients worldwide, presented studies for its innovative immunotherapeutic molecules at the SITC 2023 Annual Meeting, including KG2A/NKG2C dual-targeting antibody ES015-2, a high affinity LILRB1 specific blocking antibody ES008-a, and the first-in-class anti-CD39/TGF-βRII bifunctional fusion protein ES014.

Key Points:

Elpiscience Biopharmaceuticals, Inc. (“Elpiscience”), a clinical-stage biopharmaceutical company focused on developing next-generation immunotherapies to benefit cancer patients worldwide, presented studies for its innovative immunotherapeutic molecules at the SITC 2023 Annual Meeting, including KG2A/NKG2C dual-targeting antibody ES015-2, a high affinity LILRB1 specific blocking antibody ES008-a, and the first-in-class anti-CD39/TGF-βRII bifunctional fusion protein ES014.
CD39-targeted TGFβ “trap” is thus more likely to effectively inhibit tumor progression.
Our NKG2A/NKG2C dual targeting antibody ES015-2 can inhibit NKG2A function yet promoting NKG2C action, leading to superior anti-tumor response.
ES008-a synergizes with CD47/SIRPα inhibitors in enhancing macrophage phagocytosis of tumor cells.