CAMDEN, N.J. — (BUSINESS WIRE) — American Water (NYSE: AWK), the nation’s largest publicly-traded water and wastewater utility company, today announced Chief Executive Officer Walter Lynch will speak at the Bank of America 2021 Water Conference on December 6, to be held in a virtual setting.
On Monday, December 6th, Lynch will deliver a presentation covering the current state of the water industry. He will discuss some of the challenges facing the industry including infrastructure and resiliency, fragmentation, water quality and balancing investment needs with customer affordability. Lynch will present opportunities to provide a more sustainable path forward and how American Water is strategically addressing these challenges through its commitment to investing in infrastructure and enhancing the customer experience.
About American Water
With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 7,000 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to 15 million people in 46 states. American Water provides safe, clean, affordable and reliable water services to our customers to make sure we keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn.
WALL, N.J. — (BUSINESS WIRE) — Due to a significant increase in wholesale natural gas prices, today New Jersey Natural Gas (NJNG) filed a notice with the New Jersey Board of Public Utilities (BPU) for a 5% increase related to Basic Gas Supply Service (BGSS) for residential and certain small commercial customers effective December 1, 2021.
Since May 2021, wholesale natural gas prices on the NYMEX – a benchmark index for gas commodity pricing – have increased by nearly 80%. The change to the BGSS is necessary to recover these higher commodity costs. While the underlying reasons for the surge in market prices cannot be tied to one specific cause or event, potential factors influencing the wholesale prices include the global supply demand imbalance and lagging storage levels.
The BGSS rate reflects natural gas commodity prices. These costs are passed through directly to customers and do not result in any increase to NJNG’s profits. If prices decline in the future, NJNG will return any over recoveries to customers through bill credits or rate reductions, as it has done previously. Last year alone, NJNG provided customers with bill credits totaling $20.6 million.
“Through our purchasing strategies, New Jersey Natural Gas works to responsibly manage our supply to serve our customers and minimize the impact of price volatility as much as possible,” said Mark Kahrer, Senior Vice President-Regulatory Affairs, Marketing and Energy Efficiency at NJNG. “After more than a decade of relatively low natural gas prices, this year we saw a sharp increase to the wholesale cost of natural gas, requiring us to take this action. We will continue to monitor market conditions and whenever possible, we will pass on any savings to customers.”
The average NJNG residential heating customer using 100 therms a month will see their bill go up $5.93. This is in addition to the BPU’s recent approval of NJNG’s new base rates and annual BGSS and Conservation Incentive Program filings resulting in an increase of $13.23. When combined, the typical customers will see their monthly bill go from $117.05 to $136.21, effective December 1, 2021.
Consistent with the BPU’s January 6, 2003 board order, New Jersey’s utilities are permitted to implement rate adjustments of up to 5% in December and February. This allows for the necessary cost recovery to keep pace with any wholesale natural gas market trends. Utilities may also decrease rates at any time.
Any customer having trouble paying their natural gas bills should contact NJNG to learn about available energy assistance programs. Resources include deferred payment arrangements, budget plans, utility bill payment assistance, one-time grants and low- or no-cost energy- efficiency programs to help reduce consumption and lower bills.
“There are multiple options available to assist customers who need financial assistance to pay their utility bills. Federal and state programs are already in place to help, and NJNG’s Gift of Warmth program goes the extra mile to help our customers with their natural gas bills. If you are having trouble, reach out to us for assistance, we are here to help,” Mr. Kahrer said.
If you or someone you know is a NJNG utility residential customer in need of assistance, call 800-221-0051 and say “energy assistance” at the prompt to speak with an NJNG customer service representative or email us at energyassist@njng.com. NJNG also offers energy-efficiency programs through The SAVEGREEN PROJECT®, including rebates and financing options for high-efficiency equipment, to help customers save energy and money. For more information, visit savegreenproject.com.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:
New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains over 7,500 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in Monmouth, Ocean and parts of Morris, Middlesex and Burlington counties in New Jersey.
NJR Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of more than 365 megawatts, providing residential and commercial customers with low-carbon energy solutions.
NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
Storage & Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline Project, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility.
NJR Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.
NJR and its nearly 1,200 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage.®
WEST BERLIN, N.J. — (BUSINESS WIRE) — AirLogics, a leading national provider of air quality monitoring solutions, today announced an expanded suite of technologies and measuring capabilities, a revamped company website, and new senior executive leadership.
AirLogics leads the industry in providing actionable, real-time data to clients that can help them immediately identify potential emissions and begin corrective action to reduce liability, manage risk, and improve community relations.
Over the past two decades, AirLogics has supported clients in deploying air monitoring programs for remediation of more than 190 sites in 18 states, including many former manufactured gas plant (MGP) sites. The company’s capabilities also include supporting demolition, indoor air quality measurement, industrial and commercial applications, and neighborhood air quality/environmental justice monitoring initiatives.
Among new technologies and capabilities AirLogics is announcing today:
New lightweight, mobile AQS-1 and DUST SENTRY air monitoring systems manufactured for AirLogics by AeroQual, which can detect total volatile organic compounds (VOCs) and dust in real time. The AQS is designed to be modular and can accommodate a wide range of other monitoring instruments, including those that can detect ozone, nitrogen dioxide, and noise. The AQS is known for its “near-reference” quality meters and comes with highly durable nephelometers and humidity control.
Upgrades to the AirLogics “Classic” system that includes a new field gas chromatograph (GC) that can detect chlorinated solvents and deliver real-time data to web-enabled devices over cellular networks. The new patented compact GC is designed for quick separation and detection of VOC mixtures. Its high sensitivity provides for lower detection limits, without affecting operational performance and uptime.
Use of a new photoionization detector (PID) in the AirLogics SolarLite system, custom-made for AirLogics. The new PID is much more stable than typical PIDs and produces very little drift from the calibrated baseline.
Additionally, GZA Senior Principal Marc Hudock has taken the role of Operations Manager for AirLogics, succeeding AirLogics founder and patent holder Adam Fasano, who has retired. William McLellan, who has been with AirLogics for 23 years, continues in his role as Senior Technical Specialist and Field Operations Manager.
The company has also launched an all-new www.AirLogicsLLC.com website with expanded information about device applications and specifications.
Hudock said: “This is an exciting new chapter for AirLogics as we launch a new suite of technologies and capabilities. We remain committed to the core value that’s driven this company since 2000: We provide the most advanced, most reliable air quality management instrumentation available in North America and help our clients design, implement, and manage their air quality monitoring to achieve their site- and risk-management goals. We continue to provide our clients a fully outsourced, professional monitoring service.’’
About AirLogics, LLC
AirLogics, LLC, a subsidiary of GZA GeoEnvironmental Inc., provides comprehensive perimeter air monitoring services to clients engaged in environmental site remediation, Manufactured Gas Plant sites, and other site applications including demolition and construction projects. The AirLogics system utilizes patented technology and is based on an automated network of field monitoring stations linked by radio telemetry or cellular networks to provide site operators with real-time air quality data and operational warnings.
Contacts
Media: Alexa Zeoli/Peter J. Howe, Denterlein strategic communications and PR, 617.482.0042 or info@denterlein.com
OLDWICK, N.J. — (BUSINESS WIRE) — Annual incurred asbestos losses continued to decline in 2020, although overall asbestos and environmental (A&E) incurred losses were up slightly for the year as the environmental side saw an uptick, according to a new AM Best report.
The Best’s Market Segment Report, titled, “Insurers’ A&E Incurred Losses Still Declining; Funding Remains on Target,”states that annual incurred A&E losses rose slightly by nearly 2% in 2020 to $1.8 billion, following a drop of approximately 7% in 2019. Prior to 2020, annual incurred A&E losses had declined each year since 2017. Larger insurance groups that reported much lower asbestos incurred losses in 2020 than in 2019 drove the decrease in incurred asbestos losses. Incurred environmental losses were particularly low in 2019, so the $100 million uptick in 2020 represented a 10% increase.
AM Best is maintaining its estimate for net A&E losses at $146 billion – $100 billion in net asbestos losses and $46 billion in net environmental losses. Loss payments continue to outpace incurred losses. Over the past five years, the industry has paid out approximately $15 billion for A&E claims, while incurring more than $10 billion in losses. Given the relatively high-but-declining level of paid and incurred losses, AM Best expects its ultimate estimate to remain on target. Fifteen insurers account for 89% of the industry’s average annual A&E incurred losses, with Travelers Group at the top of the list, followed by Hartford Insurance Group and Berkshire Hathaway Insurance Group, Inc.
Insurers’ asbestos reserves in 2020 declined by approximately 3%, to $17.1 billion. Environmental reserves declined by a little more than 7%, to $4.9 billion. Industry funding of net A&E exposures is approximately $135 billion—$113 billion in cumulative paid-to-date losses and the $22 billion in reserves. This translates into a funding rate of approximately 93% of ultimate A&E exposures. At current payout levels, AM Best expects A&E reserves to run off within approximately eight years, barring any additional reserve strengthening.
AM Best utilizes a combination of three approaches when evaluating an insurer’s A&E reserve adequacy: historic premium market share, post-1990 paid loss share (1991–2020) and three-year survival ratios. The A&E-related figures are for the three main segments of the U.S. property/casualty industry: commercial, personal and reinsurance lines. The commercial lines segment holds approximately 63% of the industry’s net A&E reserves, while reinsurers hold approximately 25% and personal lines insurers the remaining 12%.
AM Best recognizes that fully funding ultimate estimates is extremely difficult, given the improvement in therapies, emerging drug combinations and early diagnosis, combined with ongoing mass tort litigation, but views the majority of insurers with material A&E exposures as well-capitalized and able to absorb any shortfalls.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
PRINCETON, N.J. — D&R Greenway Land Trust introduces TravelStorys app, as its newest free tour for “Women in Conservation,’’ at its popular Cedar Ridge Preserve in Hopewell, N.J.
Linda Mead D & R Greenway CEO President in iconic oak of Greenway Meadows Princeton — Courtesy photo
This new hands-free audio tour is the latest in a series that includes “Healing Trails” on Greenway Meadows in Princeton, and “Children and Nature” at the land trust’s St. Michaels Farm Preserve in Hopewell.
It is easy to download the free TravelStorys app to experience these inspirational audio tours of preserves and conservation topics, available to users remotely and in-the-field. This new tour highlights more than a dozen local and internationally known women who have had a physical impact on our global landscape, protecting our natural resources for generations to come.
“Women in Conservation” evokes courageous female conservationists who have forged preservation paths. Local women highlighted in the tour include Beverly Mills and Elaine Buck for their work in protecting and highlighting the stories of African Americans in the Sourlands; Sophie Glovier, who authored ‘Walking the Trails In and Around Princeton’; Sharyn Magee and Hannah Suthers, who have made significant scientific contributions banding birds in the same location on the Sourlands’ Featherbed Lane since 1977; D&R Greenway’s CEO Linda Mead who has preserved 20,000 acres in two states and contributed to two National Heritage Areas in Pennsylvania and New Jersey; and, Dr. Rosemary Grant of Princeton University whose work on finch populations and research on genetic diversity is important for the conservation of wildlife populations worldwide.
Environmental heroines known internationally and nationally are showcased for their contributions to science and environmental advocacy. These include women’s suffragette Marjory Stoneman Douglas, essential to protection and formal establishment of Florida’s Everglades National Park; and Nobel Peace Prize winner Wangari Maathai, who pioneered Africa’s Green Belt movement. Dynamic young climate activist Greta Thunberg is featured, along with Deb Haaland, first Native American to serve as United States Secretary of the Interior. The tour introduces users to these remarkable women and more.
Wangari Maathai with President Barack Obama in Nairobi — Courtesy photo
The new tour began as a Girl Scout project for a young Princeton, New Jersey resident, Madeleine Freundlich, who had assisted D&R Greenway as an elementary student with messaging for the land trust’s Children’s Discovery Trail on Drakes Corner Road. Winning the prestigious Girl Scout Gold Award for creation of this tour, Madeleine’s initiative was selected by the national TravelStorys app company as their milestone 200th Tour. Young up-and-coming conservation leaders from the Princeton AlumniCorps Project 55 Program, Maria Stahl and Heather Callahan, expanded and narrated the tour while serving as yearlong Fellows with D&R Greenway Land Trust.
TravelStorysGPS founder and CEO Story Clark says of this 200th TravelStorys tour, “This is a momentous milestone. We started with the goal, –the dream, really–, of connecting travelers everywhere to fascinating stories within nearby communities and landscapes. We see stories as the currency of memory.” Story met D&R Greenway’s CEO Linda Mead two decades ago. Working together on collaborative projects, the two women have modeled new ways of engaging local people in learning and caring about land. In choosing D&R Greenway’s new tour for this special milestone, Story observes, “What better way to commemorate our women-led company than by honoring important women in the land conservation sector?”
To download D&R Greenway’s new “Women & Conservation” tour to your Smartphone, first download the free app TravelStorysGPS, found at the App Store and Google Play Store. Among tours from throughout the United States, and several international locations, tours closest to you will appear first: Download “Women & Conservation.” You can explore the map and stories anywhere, from your Smartphone. Once downloaded, walk D&R Greenway’s Cedar Ridge Preserve, enjoying stories automatically triggered at significant trail-sites. Cedar Ridge, set in 220 Sourland Mountain acres, is accessible from marked parking areas on Stony Brook Road and Van Dyke Road in Hopewell. Companions on the trail now will be “significant women who have had profound impacts upon local and global landscapes, protecting natural resources in perpetuity. “
TravelStorysGPSS hosts the United States’ largest library of curated, geo-located audio tours on a professionally maintained platform, TravelStorys™. The company’s mission is connecting people to places in memorable ways, combining history and exploration. Their programs offer offering invaluable insights about sites and the people involved in them, in real time.
Peter and Rosemary Grant of Princeton University conducting research in the field . — Courtesy photo
BACKGROUND
Story Clark has dedicated her life to land conservation. She assists land trusts and local communities in creating awareness about the importance of the special places they treasure. TravelStorysGPS began its journey with a tour from Jackson to Teton Pass in Jackson Hole, Wyoming, in 2013, and has grown to 200 tours nationwide and internationally. It is a female-owned and -led software-as-a-service company and Best Mobile App Awards 2018 April winner for best mobile app design. Not only was the tech company founded by a woman, but it is also run by a team of strong, resourceful women, who build outstanding rapport with their clients and have a genuine love and connection to the land. Clark explains, “Storytelling is the captivating and enduring way that we entertain and communicate best with each other and learn about places. I wanted to use mobile app technology as a portal to, rather than a barrier from, connecting us to great places. Even if a listener never gets out of his or her car, TravelStorys uniquely and meaningfully connect people with land.” Learn more at travelstorys.com and download and explore the free TravelStorys app on the App Store and Google Play Store.
D&R Greenway Land Trust is an accredited nonprofit having preserved over 21,000 acres of central New Jersey land since 1989. By protecting land in perpetuity and creating public trails, it gives everyone the opportunity to enjoy the great outdoors. The land trust’s preserved farms and community gardens provide local organic food for residents of the region—including those most in need. Through strategic land conservation and stewardship, D&R Greenway combats climate change, protects birds and wildlife, and ensures clean drinking water for future generations. D&R Greenway’s mission is centered on connecting land with people from all walks of life.
New study from Dodge Data & Analytics shows green building remains a priority for the design and construction industry
HAMILTON, N.J. — (BUSINESS WIRE) — Released today, the fourth edition of the World Green Building Trends SmartMarket Report makes a clear case that the design and construction industry is committed to building green. This seminal study of the drivers and business benefits of green building spans 79 countries across the globe. Sponsored since 2012 by founding partner Carrier, with major support for this edition from premier partner Autodesk and additional contributions from the American Institute of Architects and the U.S. Green Building Council, the report continues to show how green building provides powerful financial benefits in addition to social and environmental improvements.
The findings reveal that architects, engineers, contractors, owners, and investors from around the globe expect to engage in an increased level of green building in the next three years. Today, 28% of all respondents report that most of their building projects qualify as green, and 42% anticipate being at that level within the next three years, expanding that group by 50%.
This degree of engagement is particularly meaningful this year as the design and construction industry, like many other industries, has been profoundly affected by many different priorities. The study was conducted earlier this year, coinciding with clear evidence that industry would be coping with longer term impacts from the COVID-19 pandemic for the foreseeable future. There has also been a rising concern globally about social equity and other major social movements over the past year. Supply chain shortages have reached unprecedented levels in this millennium, placing great pressure on the industry.
”In the midst of a chaotic year, the consistency and degree of commitment to green building is extremely encouraging,” said Donna Laquidara-Carr, Ph.D., LEED AP, Industry Insights Research Director at Dodge Data & Analytics. “This suggests that green building will remain a priority for the foreseeable future.”
The commitment to green building comes from multiple drivers, which shows that the green building movement is perceived as more relevant, rather than less, in the light of the other challenges facing the design and construction industry in this current moment.
Business Benefits: Building owners and investors report, on average, 10% lower operating costs in the first year and over 16% within five years.
Policy: Design and construction practitioners cite the powerful influence of owner demand and environmental regulations on their engagement in green building.
Doing The Right Thing: Nearly one third (31%) cite social reasons as an important driver, up from 25% in 2018 where it had been since 2012.
Creating Healthier Buildings: This critical driver has been steadily increasing since 2015 and while certainly reinforced by the global pandemic, does not show a spike in the current findings because of it, suggesting a continually growing awareness of the impact of buildings on occupant health.
“Carrier has led the green building movement for decades, and we’re pleased to see that the commitment to sustainable buildings, products and services is expected to continue,” said Jennifer Anderson, Chief Sustainability Officer, Carrier. “Additionally, we understand the important role that buildings and technology play in protecting occupant health. The results of the survey validate a continued emphasis on healthy and sustainable buildings to benefit both people and the planet.”
This year’s report also includes new data on the importance and expected use of several new priorities and approaches to building green.
The most important of these approaches is the creation of net-zero/net-positive buildings, ranked in the top three by nearly half (47%) of all global respondents. Nearly as many also expect to create these buildings in the next three years.
Three other new approaches to increasing sustainability are expected to be used by more than 40% of the respondents in the next five years: controlling the embodied carbon in buildings, employing strategies to increase resiliency, and engaging in prefabrication and modular construction.
“Reducing the environmental impact of the built environment is mission-critical. Digitalization of the architecture, engineering and construction (AEC) industry streamlines workflows, reduces waste and offers a great opportunity to limit greenhouse gas emissions, while also designing and constructing more resilient buildings and infrastructure,” said Jim Lynch, senior vice president and general manager, Autodesk Construction Solutions. “The industry can use resources more responsibly through improved design coordination, construction planning, building execution and operation. We are optimistic about the future and believe together we can build a more sustainable, resilient and equitable world.”
The full report includes detailed data on the social and environmental factors driving green building, the obstacles that still impede wider use of green building, the current and expected use of green building products and systems, and the changes to buildings due to COVID-19. It also features regional findings from Australia and New Zealand, Asia, Europe, Latin America, the Middle East and North Africa, Canada and the U.S., and Sub-Saharan Africa. The full report is available for free download at www.construction.com.
About Dodge Construction Network:
Dodge Construction Network leverages an unmatched offering of data, analytics, and industry-spanning relationships to generate the most powerful source of information, knowledge, insights, and connections in the commercial construction industry. The company powers four longstanding and trusted industry solutions—Dodge Data & Analytics, The Blue Book Network, Sweets, and IMS—to connect the dots across the entire commercial construction ecosystem. Together, these solutions provide clear and actionable opportunities for both small teams and enterprise firms. Purpose-built to simplify the complex, Dodge Construction Network ensures that construction professionals have the information they need to build successful businesses and thriving communities. With over a century of industry experience, Dodge Construction Network is the catalyst for modern commercial construction.
Expanded climate actions include carbon neutral target by 2040 and restriction on new direct investments in thermal coal
NEWARK, N.J. — (BUSINESS WIRE) — Prudential Financial, Inc. (NYSE: PRU) today announced its commitment to achieve net zero emissions across its primary domestic and international home office operations by 2050. To accelerate the company’s longstanding commitments to mitigate the impacts of climate change, Prudential also is setting an interim goal to become carbon neutral by 2040. These actions are aligned with the latest climate science of limiting global warming to 1.5 degrees Celsius or lower, as specified in the Paris climate accord.
“As a global insurer and investment manager, we understand the magnitude and urgency of climate change, and that we have a responsibility to minimize our impact,” said Charles Lowrey, chairman and CEO of Prudential. “This net zero commitment is an important step toward a more sustainable future for our customers, employees, investors and communities.”
The actions announced today build upon Prudential’s 2019 Global Environmental Commitment, which include operational and investment goals aimed at mitigating climate change and other environmental risks.
Prudential will reduce home office operational emissions globally (Scope 1 and Scope 2) by consolidating its real estate footprint, investing in energy-efficient capital improvements for owned properties, and purchasing renewable energy, where available, and then will utilize carbon removal strategies to eliminate its remaining carbon footprint. The company’s home office operations include owned and leased office space, data centers and garages in the United States, Japan and Brazil.
Prudential next plans to assess Scope 3 emissions, including those related to the company’s owned assets within its $460 billion General Account portfolio.1 As an initial action, Prudential will begin restricting new direct investments in companies that derive 25% or more of their revenues from thermal coal. This restriction is included in Prudential’s enhanced Responsible Investing Policy.
“Prudential is a company committed to delivering on its promises. We will hold ourselves accountable to these targets as we make meaningful progress toward addressing climate risk,” said Rob Falzon, vice chair of Prudential, who oversees the company’s Steering Council on Climate Change. “These carbon reduction targets are underpinned by our longstanding efforts to effectively engage with our stakeholders and provide transparency on our environmental actions.”
Prudential will report progress and updates on these targets in its annual ESG Report. For more company news and information on sustainability initiatives, visit prudentialesg.com.
1General Account portfolio assets under management are as of June 30, 2021.
Forward-Looking Statements
Certain of the statements included in this release, including those related to Prudential’s environmental, social and governance initiatives and targets, constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on management’s current expectations and beliefs concerning future developments and their potential effects upon Prudential Financial, Inc. and its subsidiaries. Prudential Financial, Inc.’s actual results may differ, possibly materially, from expectations or estimates reflected in such forward-looking statements. Certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements can be found in the “Risk Factors” and “Forward-Looking Statements” sections included in Prudential Financial, Inc.’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Prudential Financial, Inc. does not undertake to update any particular forward-looking statement included in this release.
About Prudential
Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with more than $1.5 trillion in assets under management as of June 30, 2021, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help to make lives better by creating financial opportunity for more people. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit news.prudential.com.
CAMDEN, N.J. — (BUSINESS WIRE) — American Water Works Company, Inc. (NYSE: AWK) announced today that it intends to release its 2021 third quarter financial results on Tuesday, November 2, 2021.
Walter Lynch, president and chief executive officer and Susan Hardwick, executive vice president and chief financial officer will host the 2021 third quarter earnings conference call and webcast with investors, analysts and other interested parties on Wednesday, November 3, 2021 at 9 a.m. Eastern Daylight Time. There will be a question-and-answer session as part of the call.
Interested parties may listen to an audio webcast of the conference call through a link on the Investor Relations homepage at ir.amwater.com. Presentation slides that will be used in conjunction with the earnings conference call will also be made available online in advance at ir.amwater.com. The company recognizes its website as a key channel of distribution to reach public investors and as a means of disclosing material non-public information to comply with its obligations under SEC Regulation FD.
Following the earnings conference call, an audio archive of the call will be available through November 10, 2021. U.S. callers may access the audio archive toll-free by dialing 1-877-344-7529. International callers may listen by dialing 1-412-317-0088. The access code for replay is 10161206. The audio webcast archive will be available for one year on American Water’s investor relations website at ir.amwater.com/events.
About American Water
With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 7,000 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to 15 million people in 46 states. American Water provides safe, clean, affordable and reliable water services to our customers to help make sure we keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn.
Solution Will Manage Power for California Residential Demonstration Microgrid
FORT LEE, N.J. — (BUSINESS WIRE) — Pioneer Power Solutions, Inc. (Nasdaq: PPSI) (“Pioneer Power” or the “Company”), a leader in the design and manufacturing of distributed generation and EV charging infrastructure as well as electrical distribution and on-site power generation equipment, today announced that its newly introduced E-Bloc integrated power center product will be utilized in Southern California Gas Company’s (“SoCalGas”) H2 Hydrogen Home prototype.
The one-time order is valued at approximately $500,000, and the Company expects it to be delivered in the fourth quarter of 2021.
SoCalGas’ H2 Hydrogen Home is a state-of-the-art demonstration project aimed at showing the role hydrogen could play in attaining California’s goal of achieving carbon neutrality. Pioneer Power’s E-Bloc system is a packaged electrical infrastructure solution that will integrate and control the various distributed energy resources, including an H2 Fuel Cell, PV solar and energy storage, to form an islanded microgrid that can support the power needs of the prototype two-story model home, eliminating the need for connectivity to a public utility grid. Natural gas, water and sewer will be the only utilities connected to the home.
Nathan Mazurek, Pioneer Power’s Chairman and Chief Executive Officer, said, “SoCalGas’ prototype hydrogen home is a first of its kind project that will demonstrate the once unimaginable possibilities of a fully- integrated, clean energy residential system that does not depend on electric power from a public utility grid. California is leading the way with its aspiration to be carbon neutral by 2045, and our participation in this highly visible project is an opportunity for us showcase the functionality of the E-Bloc integrated power center in a practical way. Beyond the H2 Hydrogen Home, we are actively engaged with a number of customers across a variety of industries, including big box retail, EV fleet charging and corporate enterprise customers that we believe will result in materially larger orders in the coming months.”
The H2 Hydrogen Home, which will be built this year in the city of Downey, is the first fully integrated demonstration project with solar panels, a battery and electrolyzer to create hydrogen for the fuel cell to supply electricity for the home. Hydrogen will also be blended with natural gas and used in the home’s heat pump HVAC unit, water heater, clothes dryer and gas stove. The home will function and feel exactly like a regular home but use reliable and clean energy 24 hours a day, 7 days a week, 365 days a year.
To learn more about the H2 Hydrogen Home, visit here.
About Pioneer Power Solutions, Inc.
Pioneer Power Solutions, Inc. manufactures, sells and services a broad range of specialty electrical infrastructure and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company’s principal products include switchgear and engine-generator controls, complemented by a national field-service network to maintain and repair power generation assets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com.
Safe Harbor Statement:
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the Company’s ability to successfully increase its revenue and profit in the future, (ii) general economic conditions and their effect on demand for electrical equipment, (iii) the effects of fluctuations in the Company’s operating results, (iv) the fact that many of the Company’s competitors are better established and have significantly greater resources than the Company, (v) the Company’s dependence on a single customer for a large portion of its business, (vi) the potential loss or departure of key personnel, (vii) unanticipated increases in raw material prices or disruptions in supply, (viii) the Company’s ability to realize revenue reported in the Company’s backlog, (ix) future labor disputes, (x) changes in government regulations, (xi) the fact that the Company’s chairman, who controls a majority of the Company’s voting power, may develop interests that diverge from yours, (xii) the liquidity and trading volume of the Company’s common stock and (xiii) an outbreak of disease, epidemic or pandemic, such as the global coronavirus pandemic, or fear of such an event.
More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual and Quarterly Reports on Form 10-K and Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
PRINCETON, N.J. — D&R Greenway Land Trust announces their second Masquerade Parade, to be held at the land trust’s historic St. Michaels Farm Preserve on Sunday, October 31. This drive-through holiday festival is designed for daylight hours on Halloween afternoon from noon until 5:00 p.m.
As with last year’s Parade, visitors’ cars will move past exciting stationary ‘floats’ on both sides of the Preserve’s pastoral roadway. These nature ‘floats’ are being designed by local organizations to evoke their mission with the event theme: “Birds, Bats and Bugs… Oh, MY!” Visitors are also invited to decorate their cars to this theme. It was chosen to honor Nature’s small but mighty ambassadors, whose pollinations are essential to life itself. Costumes are welcome and attendees are encouraged to create eye-catching signs revealing their favorite bird, bat or bug, as well as a fun fact about their favorite creature.
This Masquerade Parade will be held ‘light rain or shine.’ If severe weather cancels the Parade, we will host a Zoom party on Friday evening, November 5th, in which each Float Group will present their creations, the audience voting for best ‘float!’
D&R Greenway Photographers of Preservation will stroll throughout the Parade. Their unique images of the decorated cars, themed ‘floats’, costumed musicians, and St. Michaels’ expansive natural beauty will be available on D&R Greenway’s website during the week following the event. Guests may create free downloads, thus ‘re-living’ this unique day.
Vehicles will “line up” in the Hopewell Elementary School parking lot, then migrate to St. Michaels Farm Preserve at the new Princeton Avenue entrance closest to town (Hopewell).
Best-selling author/artist Patrick McDonnell, creator of the MUTTS comic strip, is creating an iconic artwork to delight Parade-goers. Every parade has live music: ours will feature and our very own musician, Bill Flemer of Riverside Bluegrass Band on D&R Greenway’s ‘float’.
At departure, each car will receive a nature-themed goody bag of Halloween surprises, including the recently released children’s book, Princesses wear Dresses. With its theme of, “Because what makes a princess a princess is not what she wears, nor how her hair looks, nor what’s on her head,” author Dana Kvalheim and illustrators Lauren Kvalheim and Keeley Nolan convey a significant message with merriment and vigor.
To Pre-Register your Carload of Parade-Goers, visit www.drgreenway.org. Timed tickets are available starting from Noon – 5:00 pm, at $25 per carload. Ticket purchases and Sponsorships support the land trust’s mission of preserving land and inspiring a conservation ethic now and forever.
Hikers, dog walkers and bicyclists are asked to access St. Michaels Farm Preserve through the Aunt Molly Road entrance on October 31 as the Princeton Avenue entrance and related trails will be closed to the public for the Parade.
Funds from this unique event will expand the land trust’s preservation and stewardship accomplishments in central New Jersey. Public enthusiasm for D&R Greenway’s 44 miles of trails has continuously mounted as COVID 19 requires people to re-imagine their lives and discover new trails, even interact newly with Nature itself. Thanks to the generosity of donors and partners, previous fundraisers and conservation-related events, the preservation of our 317thproperty has soared to over 21,200 New Jersey acres. This achievement secures countless sites for accessible healthy activity, enhancing fitness while protecting and expanding New Jersey’s natural beauty and crucial habitat for wild creatures, such as “Birds, Bars and Bugs… Oh, MY!”. The vigor of public response to our trails during the COVID challenge demonstrates that “Keeping Open Space Open” is more vital than ever before.
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BACKGROUND:
D&R Greenway Land Trust, an accredited nonprofit, has reached a new milestone of over 21,000 acres of land preserved since 1989. By preserving land for life and creating public trails, it gives everyone the opportunity to enjoy the great outdoors. The land trust’s preserved farms and community gardens provide local organic food for our neighbors—including those most in need. Through strategic land conservation and stewardship, D&R Greenway combats climate change, protects birds and wildlife, and ensures clean drinking water for future generations. D&R Greenway’s mission is centered in connecting land with people from all walks of life.
D&R Greenway’s Johnson Education Center, home to its art galleries in Princeton, is currently closed to ensure health and safety due to COVID although its outdoor trails and labyrinth are open. Visit our Facebook and Instagram pages and www.drgreenway.org to learn about the organization’s latest news and virtual programs. D&R Greenway Land Trust, One Preservation Place, Princeton NJ 08540
merriment and vigor.