Utilities

KBRA Assigns Preliminary Ratings to Loanpal Solar Loan 2020-2 Ltd. and Loanpal Solar Loan 2020-2 LLC

Friday, July 10, 2020 - 11:58pm

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Loanpal Solar Loan 2020-2 Ltd. and Loanpal Solar Loan 2020-2 LLC (LPSLT 2020-2-GF), an asset-backed securitization collateralized by a pool of residential solar loans.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Loanpal Solar Loan 2020-2 Ltd. and Loanpal Solar Loan 2020-2 LLC (LPSLT 2020-2-GF), an asset-backed securitization collateralized by a pool of residential solar loans.
  • The review did not result in Watch Placements on any existing KBRA transaction ratings.
  • Loanpal, LLC (Loanpal or the Company) was incorporated in California in 2003 to provide residential mortgage loans.
  • KBRA also conducted an operational assessment of Loanpal, as well as a review of the transactions legal structure and transaction documents.

NW Natural Holdings Schedules Earnings Release and Conference Call for Friday, August 7

Friday, July 10, 2020 - 9:46pm

To hear the conference by webcast, log on to NW Natural Holdings corporate website at ir.nwnaturalholdings.com .

Key Points: 
  • To hear the conference by webcast, log on to NW Natural Holdings corporate website at ir.nwnaturalholdings.com .
  • Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon, and through its subsidiaries has been doing business for more than 160 years.
  • It owns NW Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), and other business interests and activities.
  • NW Natural Holdings subsidiaries own and operate 35 Bcf of underground gas storage capacity with NW Natural operating 20 Bcf in Oregon.

GSE Solutions Discloses Notice From Nasdaq

Friday, July 10, 2020 - 9:30pm

GSE Systems, Inc. (GSE Solutions, GSE, or the Company) (Nasdaq: GVP), a leader in delivering and supporting end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that it received a notice letter dated July 8, 2020 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq) stating, that as a result of the Companys failure to timely file its Quarterly Report on Form 10-Q for the three months ended March 31, 2020 (the Quarterly Report), the Company is not in compliance with Nasdaqs Listing Rule 5250(c)(1).

Key Points: 
  • GSE Systems, Inc. (GSE Solutions, GSE, or the Company) (Nasdaq: GVP), a leader in delivering and supporting end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that it received a notice letter dated July 8, 2020 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq) stating, that as a result of the Companys failure to timely file its Quarterly Report on Form 10-Q for the three months ended March 31, 2020 (the Quarterly Report), the Company is not in compliance with Nasdaqs Listing Rule 5250(c)(1).
  • Nasdaq stated in its notification that the Company has 60 calendar days, or until September 6, 2020, to submit a plan to regain compliance.
  • Nasdaqs notification has no immediate effect on the listing or trading of the Companys common stock on The Nasdaq Capital Market.
  • As a collective group, GSE Solutions leverages top skills, expertise, and technology to provide highly specialized solutions that enable customers to achieve the performance they envision.

AECOM to deliver next stage of Lower Thames Crossing ground investigations

Friday, July 10, 2020 - 3:15pm

AECOM (NYSE:ACM), the worlds premier infrastructure firm, is delivering the next stage of Highways Englands Lower Thames Crossing ground investigation program after being appointed for the third phase of the ground investigation contract on the project.

Key Points: 
  • AECOM (NYSE:ACM), the worlds premier infrastructure firm, is delivering the next stage of Highways Englands Lower Thames Crossing ground investigation program after being appointed for the third phase of the ground investigation contract on the project.
  • The ground investigations will provide key information to help increase certainty around cost and delivery on this nationally significant infrastructure project.
  • The data collected on ground and groundwater conditions will support the wider delivery team in identifying, managing and mitigating ground risk.
  • The 14.3-mile route of the planned Lower Thames Crossing is one of the governments top projects in its National Infrastructure Plan.

ALLETE to Announce Second Quarter Financial Results on August 5

Friday, July 10, 2020 - 11:30am

ALLETE, Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Wednesday, August 5, 2020.

Key Points: 
  • ALLETE, Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Wednesday, August 5, 2020.
  • Interested parties may listen to the conference live by calling (877) 303-5852, pass code 9239038 or by accessing the webcast on ALLETEs Web site, www.allete.com .
  • A replay of the call will be available through August 12, 2020 by dialing (855) 859-2056, pass code 9239038.
  • ALLETE Inc. is an energy company headquartered in Duluth, Minnesota.

IGES: Commentary on Japan’s Policy Plan for “Phasing out Inefficient Coal-fired Plants”

Friday, July 10, 2020 - 2:00am

Promoting the phase-out of inefficient coal plants is in and of itself encouraging; however, it is important to note that the plan also includes replacement of such inefficient plants with large and highly efficient coal-fired power plants.

Key Points: 
  • Promoting the phase-out of inefficient coal plants is in and of itself encouraging; however, it is important to note that the plan also includes replacement of such inefficient plants with large and highly efficient coal-fired power plants.
  • It is welcomed that the Ministry of Economy, Trade and Industry announced a new policy plan to phase out inefficient coal-fired thermal power plants by 2030 in Japan.
  • However, this policy plan does not mean a substantial shift from the conventional energy policy of replacing small-scale, inefficient coal-fired power plants with large-scale, high-efficiency ones.
  • The policy plan is also insufficient as a Japans effort to contribute to the long-term temperature goals of the Paris Agreement.

NW Natural Holdings Announces Dividend

Thursday, July 9, 2020 - 11:51pm

Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon, and through its subsidiaries has been doing business for more than 160 years.

Key Points: 
  • Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon, and through its subsidiaries has been doing business for more than 160 years.
  • It owns NW Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), and other business interests and activities.
  • NW Natural Holdings subsidiaries own and operate 35 Bcf of underground gas storage capacity with NW Natural operating 20 Bcf in Oregon.
  • NW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas.

Total Corporate Funding for Solar Sector Reaches $4.5 Billion in 1H 2020, Reports Mercom Capital Group

Friday, July 10, 2020 - 8:00pm

Total corporate funding (including venture capital funding, public market, and debt financing) in 1H of 2020 came to $4.5 billion (B) compared to $6B in 1H 2019, a 25% drop year-over-year (YoY).

Key Points: 
  • Total corporate funding (including venture capital funding, public market, and debt financing) in 1H of 2020 came to $4.5 billion (B) compared to $6B in 1H 2019, a 25% drop year-over-year (YoY).
  • Project acquisition activity, typically a sign of health in the sector, declined significantly in Q2," said Raj Prabhu, CEO of Mercom Capital Group.
  • In 1H 2020, global VC funding (venture capital, private equity, and corporate venture capital) in the solar sector was 74% lower with $210m compared to $799M in 1H 2019.
  • A total of 23 VC investors participated in solar funding in 1H 2020.

Strong Water Authority Credit Saves $67.4 Million for Ratepayers

Thursday, July 9, 2020 - 9:44pm

The Water Authoritys significant investments in supply diversification, have allowed the Authority to continue to meet water demands in its service area.

Key Points: 
  • The Water Authoritys significant investments in supply diversification, have allowed the Authority to continue to meet water demands in its service area.
  • Moodys praised the Water Authority for increasingly diverse sources for water supply purchases; and conservative financial practices with adopted reserve and debt policies.
  • In the midst of a global pandemic and a challenging economy, the Water Authority continues proactively managing its finances and lowering the cost of debt, said Lisa Marie Harris, finance director for the Water Authority.
  • A public agency created in 1944, the Water Authority delivers wholesale water supplies to 24 retail water providers, including cities, special districts and a military base.

Hull & Associates Announces Investment from RTC Partners

Thursday, July 9, 2020 - 9:15pm

Hull & Associates and Round Table Capital Partners (RTC), a New York based private equity firm, announced today that RTC has completed an investment in Hull & Associates, a premier environmental and engineering consulting firm specializing in the Environment, Energy, and Infrastructure markets in the Midwest and Mid-Atlantic regions.

Key Points: 
  • Hull & Associates and Round Table Capital Partners (RTC), a New York based private equity firm, announced today that RTC has completed an investment in Hull & Associates, a premier environmental and engineering consulting firm specializing in the Environment, Energy, and Infrastructure markets in the Midwest and Mid-Atlantic regions.
  • RTCs partnership with Hull will allow great growth opportunities for our employees, said Craig Kasper, CEO of Hull who will take on the role of Executive Vice President.
  • The investment in Hull as a platform will allow inorganic and organic growth to serve our clients on a national stage, Kasper added.
  • The investment in Hull marks the launch of a new platform for RTC.