FERC

4Liberty, Inc. Launches Automated Design Service to Dramatically Improve Efficiency in Traditional Utility Design Process

Retrieved on: 
Tuesday, February 27, 2024
Distribution, 3D, PUC, Patent, Automation, PMO, Logic, FERC, Workflow

“4Liberty’s Automated Design Service is bringing true innovation to mission critical but often cumbersome processes and delivering immediate business value and better outcomes to our clients,” said Sharelynn Moore, CEO of 4Liberty.

Key Points: 
  • “4Liberty’s Automated Design Service is bringing true innovation to mission critical but often cumbersome processes and delivering immediate business value and better outcomes to our clients,” said Sharelynn Moore, CEO of 4Liberty.
  • With increasing security risks for utility grid assets, such as substations, 4Liberty’s patent pending Automated Design Service reduces the number of stages in a typical design process and significantly accelerates the time required to develop new or upgrade existing substation security measures.
  • Improving how utilities finalize and implement security design will enable them to meet PUC and FERC requirements on time and on budget while doing more with less.
  • And, coupled with the company’s deep utility expertise, the new service reinforces 4Liberty’s commitment to automating processes, innovating using sophisticated tools and methodologies and eliminating inefficiencies and waste in utility processes.

Evergy Announces 2023 Results, Declares Quarterly Dividend and Issues 2024 Guidance

Retrieved on: 
Thursday, February 29, 2024
Alternative Energy, Energy, Environment, Sustainability, Utilities, Weather, Investment, Form 10-K, Growth, Sale, COLI, JEC, Adelaide Street, Brisbane, GAAP, Webcast, Depreciation, Security (finance), KCC, O&M, EPS, Asset, EVRG, FERC, Bank

Fourth quarter 2023 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $61.1 million and $0.27, respectively, compared to $68.6 million and $0.30, respectively, in fourth quarter 2022.

Key Points: 
  • Fourth quarter 2023 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $61.1 million and $0.27, respectively, compared to $68.6 million and $0.30, respectively, in fourth quarter 2022.
  • Adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) are reconciled to GAAP earnings in the financial table included in this release.
  • The Company issued its 2024 GAAP EPS guidance range of $3.73 to $3.93, along with its 2024 adjusted EPS (non-GAAP) guidance range of $3.73 to $3.93.
  • Adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) are used internally to measure performance against budget and in reports for management and the Evergy Board.

Tellurian Reports 2023 Financial Results and Driftwood LNG Progress

Retrieved on: 
Friday, February 23, 2024
Energy, Other Energy, Oil, Gas, Tellurian Inc, ICL, Driftwood, Plant, Sale, Federal Energy Regulatory Commission, Inc., Bank statement, FERC

Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) reported its full year 2023 financial results today.

Key Points: 
  • Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) reported its full year 2023 financial results today.
  • During 2023, Tellurian took significant steps to advance the Driftwood LNG project, having driven over 14,000 piles at site and making progress on concrete foundations for critical equipment thus de-risking site construction.
  • Subsequent to year end, Tellurian amended its senior secured notes and senior convertible notes to provide financial flexibility.
  • As disclosed in our financial statements, we have made significant progress in executing our plans to alleviate substantial doubt.”

Cheniere Partners Reports Fourth Quarter and Full Year 2023 Results and Introduces Full Year 2024 Distribution Guidance

Retrieved on: 
Thursday, February 22, 2024
Oil, Gas, Energy, IPM, Natural gas, British thermal unit, Sale, Federal Energy Regulatory Commission, Line of credit, SPL, Public expenditure, Hand, Peptide, FERC

In November 2023, SPL redeemed $50 million in principal amount of the 2024 SPL Senior Notes with cash on hand.

Key Points: 
  • In November 2023, SPL redeemed $50 million in principal amount of the 2024 SPL Senior Notes with cash on hand.
  • The common unit distribution and the related general partner distribution will be paid on February 14, 2024.
  • Cheniere Energy, Inc. will host a conference call to discuss its financial and operating results for fourth quarter and full year 2023 on Thursday, February 22, 2024, at 11 a.m. Eastern time / 10 a.m. Central time.
  • The call and accompanying slide presentation will include financial and operating results or other information regarding Cheniere Partners.

Cheniere Reports Fourth Quarter and Full Year 2023 Results and Introduces Full Year 2024 Financial Guidance

Retrieved on: 
Thursday, February 22, 2024
Energy, Other Energy, Oil, Gas, IPM, Natural gas, British thermal unit, Sale, Federal Energy Regulatory Commission, Line of credit, Income tax, SPL, Hand, Partner, CCL, FERC

Net income was approximately $9.9 billion for the twelve months ended December 31, 2023 as compared to approximately $1.4 billion for the corresponding 2022 period.

Key Points: 
  • Net income was approximately $9.9 billion for the twelve months ended December 31, 2023 as compared to approximately $1.4 billion for the corresponding 2022 period.
  • Consolidated Adjusted EBITDA decreased approximately $1.5 billion and $2.8 billion for the three and twelve months ended December 31, 2023, respectively, as compared to the corresponding 2022 periods.
  • In November 2023, SPL redeemed $50 million in principal amount of the 2024 SPL Senior Notes with cash on hand.
  • First LNG production from the first train of the CCL Stage 3 Project is currently forecast to be achieved at the end of 2024.

Troutman Pepper Continues Expansion of Financial Services Practice with Addition of Two Partners

Retrieved on: 
Monday, March 4, 2024
The, University, Intelligence, Investment, Risk management, Growth, Central Florida, Catholic University of America, Policy, Fintech, Law, Catholic higher education, Partner, Congress, FERC, Environment, Bank

WASHINGTON, March 4, 2024 /PRNewswire/ -- Kevin Petrasic and Matthew Bornfreund, two highly regarded financial services partners with a focus on bank regulation, have joined Troutman Pepper in Washington, D.C. Arriving from Davis Wright Tremaine, where they spearheaded the bank regulatory and financial institutions advisory practice, Petrasic and Bornfreund bring a wealth of experience representing U.S. banks and bank holding companies, foreign banks in their U.S. regulatory needs, including those with multifaceted governance issues and transactions, and payments companies in their bank relationships.

Key Points: 
  • WASHINGTON, March 4, 2024 /PRNewswire/ -- Kevin Petrasic and Matthew Bornfreund , two highly regarded financial services partners with a focus on bank regulation, have joined Troutman Pepper in Washington, D.C.
  • "Their practice aligns well with our broad financial services industry bench, and their addition will undoubtedly enhance our capacity and depth in handling complex bank regulatory matters."
  • "Making the transition to Troutman Pepper was a strategic decision with our clients top of mind," Petrasic said.
  • Troutman Pepper's Financial Services Industry Group provides comprehensive support to all types of financial services businesses in today's challenging and ever-changing environment.

Vistra Reports Full-Year 2023 Results, Announces Expected Closing of Energy Harbor Transaction On March 1, 2024

Retrieved on: 
Wednesday, February 28, 2024
Acquisition, Inflation, FirstEnergy, TCFD, Investment, Coal, Webcast, Task force, Electricity, Energy, TRA, FERC, Renewable energy

IRVING, Texas, Feb. 28, 2024 /PRNewswire/ -- Vistra Corp. (NYSE: VST) today reported its full-year 2023 financial results and other highlights.

Key Points: 
  • As of Feb. 23, 2024, Vistra has hedged approximately 99% of its expected generation volumes for the balance of 2024 and approximately 87% for 2025.
  • Vistra had ~348 million shares outstanding, representing a ~28% reduction of the amount of the shares outstanding on Nov. 2, 2021.
  • On Nov. 6, 2023, Vistra published its 2023 Climate Report in accordance with the Task Force on Climate-related Financial Disclosures (TCFD) framework.
  • Vistra intends to remain strategic and disciplined with respect to the timing of investments in renewables and energy storage projects.

Tellurian Receives FERC Extension for Driftwood LNG

Retrieved on: 
Friday, February 16, 2024
Oil, Gas, Energy, Natural gas, Tellurian Inc, Plant, Inc., Multimedia, FERC

Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that the U.S. Federal Energy Regulatory Commission (FERC) has issued an extension to its order authorizing the construction of Tellurian’s Driftwood LNG facility near Lake Charles, Louisiana.

Key Points: 
  • Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that the U.S. Federal Energy Regulatory Commission (FERC) has issued an extension to its order authorizing the construction of Tellurian’s Driftwood LNG facility near Lake Charles, Louisiana.
  • Tellurian applied for the extension last year to ensure it had enough time to complete the construction of all five plants of the facility.
  • View the full release here: https://www.businesswire.com/news/home/20240214672559/en/
    Driftwood LNG January 2024 (Photo: Business Wire)
    Chief Executive Officer Octávio Simões said, “Tellurian thanks FERC for working with our team to ensure the safe construction of Driftwood LNG.
  • FERC has been diligent in its oversight, having visited the site 19 times already, and provided careful examination of this extension request.

NuStar Energy L.P. Reports Solid Fourth Quarter and Full-Year 2023 Earnings Results

Retrieved on: 
Thursday, February 15, 2024
Oil, Gas, Energy, Permian, EPU, Sale, NuSTAR, Venture round, Segment, Depreciation, NS, Tax, DCF, Acceleration, Sunoco, Insurance, FERC, Video game

NuStar reported net income of $70 million for the fourth quarter of 2023, or $0.37 per unit, compared to net income of $92 million, or $0.18 per unit, for the fourth quarter of 2022.

Key Points: 
  • NuStar reported net income of $70 million for the fourth quarter of 2023, or $0.37 per unit, compared to net income of $92 million, or $0.18 per unit, for the fourth quarter of 2022.
  • Results for the fourth quarter of 2022 include a gain from insurance proceeds to rebuild tanks at its Selby terminal.
  • Distributable Cash Flow (DCF) was $87 million for the fourth quarter of 2023, compared to fourth quarter of 2022 adjusted DCF of $89 million.
  • The Permian Crude System’s fourth quarter of 2023 volumes averaged 528,000 BPD, down compared to the fourth quarter of 2022 but up slightly from the third quarter of 2023.

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Declares its Quarterly Distribution of $0.20 Per Share

Retrieved on: 
Monday, February 12, 2024
Professional Services, Finance, Acquisition, Natural Resources, MAM, Internal Revenue Code, Hamas, New York Stock Exchange, Investment, AIB (NI), Macquarie Group, NAV, Terrorism, FTP, Federal Reserve, Federal Energy Regulatory Commission, MFD, ERISA, Risk, European, Federal, Central bank, COVID-19, Judgement, European Central Bank, Fund, MLP, FINRA, Weather, Policy, Uncertainty, Capital gain, FTA, Adviser, Debt-to-GDP ratio, FERC, Infection, Security (finance)

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") (NYSE: MFD) has declared the Fund's regularly scheduled quarterly distribution of $0.20 per share.

Key Points: 
  • Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") (NYSE: MFD) has declared the Fund's regularly scheduled quarterly distribution of $0.20 per share.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.
  • The Fund principally invests in a global portfolio of infrastructure stocks in a range of currencies and senior secured loans.