Progress Energy Inc

Cotchett Pitre & McCarthy Files Suit Against Martinez Refinery on Behalf of Martinez Residents Over Toxic Chemical Releases Into The Community

Retrieved on: 
Thursday, November 30, 2023

Lead Plaintiff Shannon Payne, a lifelong resident of Martinez, 4th generation Martinez citizen and direct descendant of the founding “Martini” family, is greatly concerned about the refinery’s toxic releases.

Key Points: 
  • Lead Plaintiff Shannon Payne, a lifelong resident of Martinez, 4th generation Martinez citizen and direct descendant of the founding “Martini” family, is greatly concerned about the refinery’s toxic releases.
  • Blair Kittle , of CPM, the law firm representing the Plaintiffs, said, “We filed our lawsuit to stop repeated releases of unnecessary pollution from this refinery.
  • The suit further alleges the failures of the owners of the Refinery to prevent toxic chemical release, and failures to properly notify residents, the government, and other stakeholders when toxic releases have occurred.
  • Only months after the Refinery released toxic chemicals into the surrounding community, were local residents advised not to eat locally grown fruits or vegetables exposed to the November 2022 incident.

Tenet Raises $30M+ to Grow EV Financing Platform and Offer Free Smart Charging to All Customers

Retrieved on: 
Wednesday, November 15, 2023

It will also scale TenetConnect, the company's newly launched digital renewable energy platform, which reduces charging costs on EV owners’ utility bills.

Key Points: 
  • It will also scale TenetConnect, the company's newly launched digital renewable energy platform, which reduces charging costs on EV owners’ utility bills.
  • Enrolled customers can connect their car with Tenet’s smart charging service to lower their EV charging costs by an estimated additional $40 per month.
  • "With its lower monthly rates and recent addition of smart charging, Tenet is helping me save nearly $1,500 per year on my EV ownership costs."
  • Tenet strategically leverages unique EV attributes for financing, including government tax credits, residual value data, and home charger installation.

Coterra Energy Reports Third-Quarter 2023 Results, Announces Quarterly Dividend

Retrieved on: 
Monday, November 6, 2023

Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported third-quarter 2023 financial and operating results.

Key Points: 
  • Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today reported third-quarter 2023 financial and operating results.
  • Additionally, the Company declared a quarterly dividend of $0.20 per share, provided fourth-quarter production and capital guidance, and updated full-year 2023 guidance.
  • Coterra published its 2023 Sustainability Report on November 6, 2023.
  • Coterra will host a conference call tomorrow, Tuesday, November 7, 2023, at 9:00 AM CT (10:00 AM ET), to discuss third-quarter 2023 financial and operating results.

New Fortress Energy Announces Closing of $856 Million Term Loan

Retrieved on: 
Monday, October 30, 2023

New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced the closing of its $856 million aggregate principal amount of a senior secured term loan credit facility due 2028 (the “Term Loan”).

Key Points: 
  • New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced the closing of its $856 million aggregate principal amount of a senior secured term loan credit facility due 2028 (the “Term Loan”).
  • The Term Loan will bear interest at SOFR + 5.00% per annum and will include a prepayment option.
  • About New Fortress Energy Inc.
    New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy.
  • Collectively, the company’s assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world.

NRG Energy and City of Pittsburgh Extend Collaboration with Wind Power

Retrieved on: 
Monday, October 30, 2023

NRG Energy Inc. (NYSE:NRG) is pleased to announce the renewed collaboration between its brand Direct Energy and the Western Pennsylvania Energy Consortium (WPEC), led by the City of Pittsburgh and its partner organizations.

Key Points: 
  • NRG Energy Inc. (NYSE:NRG) is pleased to announce the renewed collaboration between its brand Direct Energy and the Western Pennsylvania Energy Consortium (WPEC), led by the City of Pittsburgh and its partner organizations.
  • Beginning in 2016, Direct Energy has worked with WPEC and the City of Pittsburgh—in collaboration with Enel North America—to help move the city toward a more sustainable future.
  • “The city’s continued collaboration with NRG Energy assists us in having cleaner energy without the high cost for our facilities which helps our communities.
  • The consortium boasts more than 20 local members including the City of Pittsburgh, Pittsburgh Zoo, Sports and Exhibition Authority, Pittsburgh Water and Sewer Authority, Parking Authority, Stadium Authority, and numerous surrounding boroughs.

Golar LNG Partners LP Series A Preferred Cash Distribution

Retrieved on: 
Friday, October 27, 2023

Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQ: NFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from August 15, 2023, through November 14, 2023.

Key Points: 
  • Golar LNG Partners LP, an indirect subsidiary of New Fortress Energy Inc. (NASDAQ: NFE), has declared a cash distribution of $0.546875 per unit of 8.75% Series A Cumulative Redeemable Preferred Units for the period from August 15, 2023, through November 14, 2023.
  • This will be payable on November 15, 2023, to all Series A preferred unitholders of record as of November 8, 2023.
  • About New Fortress Energy Inc.
    New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy.
  • Collectively, the company’s assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world.

Liberty Energy Inc. Announces Third Quarter 2023 Financial and Operational Results and Raises Quarterly Dividend by 40%

Retrieved on: 
Wednesday, October 18, 2023

Liberty Energy Inc., (NYSE: LBRT; “Liberty” or the “Company”) announced today third quarter 2023 financial and operational results.

Key Points: 
  • Liberty Energy Inc., (NYSE: LBRT; “Liberty” or the “Company”) announced today third quarter 2023 financial and operational results.
  • Record pumping efficiencies drove sequential growth in revenue and Adjusted EBITDA while idling one fleet during the quarter.
  • Our digiFrac℠ fleets deployed during the year reached new operating records, maximizing fuel efficiency with Liberty Power Innovations (“LPI”) CNG logistics and on-site management.
  • Liberty will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Thursday, October 19, 2023.

Liberty Energy Announces 40% Increase in Quarterly Cash Dividend

Retrieved on: 
Tuesday, October 17, 2023

Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today that its Board of Directors (the “Board”) has declared a dividend of $0.07 per share of Class A common stock, to be paid on December 20, 2023 to holders of record as of December 6, 2023.

Key Points: 
  • Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today that its Board of Directors (the “Board”) has declared a dividend of $0.07 per share of Class A common stock, to be paid on December 20, 2023 to holders of record as of December 6, 2023.
  • This dividend represents a 40% increase from the prior quarter.
  • “Our investment in differential technologies and innovative businesses build on our competitive advantage and expand our market opportunities,” commented Chris Wright, Chief Executive Officer.
  • “We are increasing our quarterly cash dividend by 40% in response to the significant growth in our per share earnings and cash generating abilities from our business transformation over the last three years.”
    Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board’s continuing determination that the declarations of dividends are in the best interests of Liberty and its stockholders.

Natural Gas Services Group, Inc. Announces Appointment of Brian L. Tucker as President and Chief Operating Officer

Retrieved on: 
Tuesday, October 10, 2023

Current Interim President and Chief Executive Officer Stephen C. Taylor resigned as President to allow Mr. Tucker to assume the position.

Key Points: 
  • Current Interim President and Chief Executive Officer Stephen C. Taylor resigned as President to allow Mr. Tucker to assume the position.
  • Mr. Taylor remains Chairman of Board and Interim Chief Executive Officer.
  • Mr. Tucker, most recently Senior Vice President, Operations at Patterson-UTI Energy Inc., brings nearly 20 years of oil field services experience to NGS.
  • Prior to his position at Patterson-UTI, he was Executive Vice President and Chief Operating Officer of Pioneer Energy Services, Inc., which was acquired by Patterson-UTI in October 2021.

New Fortress Energy Schedules Third Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Wednesday, October 11, 2023

New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) plans to announce its financial results for the third quarter 2023 prior to 8:00 A.M. Eastern Time on Wednesday, November 8th, 2023.

Key Points: 
  • New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) plans to announce its financial results for the third quarter 2023 prior to 8:00 A.M. Eastern Time on Wednesday, November 8th, 2023.
  • A copy of the press release and an earnings supplement will be posted to the Investors section of the Company’s website, www.newfortressenergy.com.
  • In addition, management will host a conference call on Wednesday, November 8th, 2023 at 8:00 A.M. Eastern Time.
  • About New Fortress Energy Inc.
    New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy.