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IT Shades
Engage & Enable
I-Bytes
Utilities
May Edition 2020
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Table of Contents
1. Financial, M & A Updates..................................................................................................................................1
2. Solution Updates................................................................................................................................................19
3. Rewards and Recognition Updates..................................................................................................................24
4. Customer Success Updates................................................................................................................................29
5. Partnership Ecosystem Updates.......................................................................................................................33
6. Miscellaneous Updates......................................................................................................................................45
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Financial, M & A
Updates Utilities Industry
Financial, M&A Updates
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Alliant Energy (USA) Announces First Quarter 2020 Results
• Alliant Energy’s Utilities and Alliant Energy Corporate Services, Inc. generated $0.72 per share of
GAAP EPS in the first quarter of 2020, which was $0.20 per share higher than the first quarter of
2019.
• First quarter 2020 EPS was not significantly impacted as a result of COVID-19.
• Alliant Energy’s Non-utility and Parent operations generated ($0.05) per share of GAAP EPS in the
first quarter of 2020, which was a per share earnings decrease compared to the first quarter of 2019.
• The primary driver of lower EPS was a $0.02 per share credit loss charge related to legacy
guarantees associated with an affiliate of Whiting Petroleum Corporation.
• Earnings Adjustments - Non-GAAP EPS for the three months ended March 31, 2020 excludes
charges of $0.02 per share related to the credit loss charge described above for Alliant Energy’s
Non-utility and Parent.
• Non-GAAP adjustments, which relate to material charges or income that are not normally associated
with ongoing operations, are provided as a supplement to results reported in accordance with GAAP.
• IPL recognized $0.12 per share increase in the first quarter of 2020 due to the higher revenue
requirements from increasing rate base.
• Alliant Energy estimates an increase in the credit risk exposure related to the guarantees and has
recognized a $0.02 per share charge for the additional expected credit loss in the first quarter of 2020.
Executive Commentary
“In this uncertain environment of the global COVID-19 pandemic, our company continues to
focus on providing the critical, reliable service our customers depend on, while emphasizing the
health and welfare of our employees, customers and communities, said Alliant Energy Chairman,
President and CEO. Based upon our forecasted impacts of COVID-19, and planned mitigation
measures, we are reaffirming 2020 earnings guidance of $2.34 to $2.48 per share.”
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Key Financial Highlights
Financial, M&A Updates
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Ameren (USA) Announces First Quarter 2020 Results
Highlights
• Ameren Missouri first quarter 2020 loss was $(10) million, compared to first quarter 2019
earnings of $39 million.
• Ameren Illinois Electric Distribution first quarter 2020 earnings were $37 million,
compared to first quarter 2019 earnings of $36 million. The year-over-year comparison
reflected increased earnings on infrastructure investments offset by a lower allowed return
on equity due to a lower projected average 30-year U.S. Treasury bond yield in 2020
compared to 2019.
• Ameren Illinois Natural Gas first quarter 2020 earnings were $55 million, compared to first
quarter 2019 earnings of $57 million.
• Ameren affirmed its 2020 earnings guidance range of $3.40 to $3.60 per diluted share.
Ameren also affirmed its 2020 through 2024 compound annual diluted earnings per share
growth expectations of 6% to 8%, using the 2020 guidance range midpoint of $3.50 per
share as the base.
• Ameren's expected multi-year earnings growth is expected to be driven by strong projected
rate base growth of approximately 9% compounded annually from 2019 through 2024.
Executive Commentary
"We are managing through an unprecedented time in our country's and company's
history due to COVID-19. During this period, we have been relentlessly focused on the
safety of our co-workers, customers and communities, as well as delivering safe, reliable
and affordable electric and natural gas services. We recognize that being part of our
country's critical infrastructure, our customers and communities are depending on us,
said Chairman, president and chief executive officer of Ameren Corporation. While
COVID-19 is presenting certain financial challenges, we have taken several actions
expected to mitigate these issues. As a result, we remain on track to deliver within our
2020 earnings per share guidance range of $3.40 to $3.60."
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Key Financial Highlights
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CenterPoint Energy (USA) Reports First Quarter 2020
Highlights
• Reported a loss available to common shareholders of $1,228 million, or loss of
$2.44 per diluted share, for the first quarter of 2020, compared to income available
to common shareholders of $140 million, or $0.28 per diluted share, for the first
quarter of 2019.
• The company recognized $1,568 million of after-tax non-cash impairment charges
and losses on assets held for sale in the first quarter of 2020, which are discussed in
detail below.
• On a guidance basis, first quarter 2020 earnings were $0.50 per diluted share from
utility operations and $0.10 per diluted share from midstream investments, excluding
non-cash impairment charges.
• First quarter 2019 earnings, on a guidance basis, were $0.41 per diluted share from
utility operations and $0.05 per diluted share from midstream investments.
• The 2020 Midstream Investments EPS expected range is $0.15 - $0.18.
• Reiterate 2020 guidance basis Utility EPS range of $1.10 - $1.20
Executive Commentary
“During these unprecedented times, I am proud of the tremendous efforts our
employees are making every day to continue providing safe and reliable
electricity and natural gas to our customers, said Interim president and chief
executive officer of CenterPoint Energy. I would like to extend a special thank
you to our operations personnel who are on the front lines keeping the electricity
on and the natural gas flowing during a time when our customers need them
most. Despite the challenges created by the COVID-19 pandemic and
less-than-favorable weather, I am pleased to report that CenterPoint Energy
delivered strong first quarter results driven by customer growth, rate relief,
disciplined cost management and favorable tax benefits."
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Key Financial Highlights
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DTE Energy (USA) reports first quarter 2020 results
Highlights
• First quarter 2020 earnings of $340 million, or $1.76 per diluted share,
compared with $401 million, or $2.19 per diluted share in 2019.
• Operating earnings for the first quarter 2020 were $320 million, or $1.66
per diluted share, compared with 2019 operating earnings of $374 million,
or $2.05 per diluted share.
• Operating earnings exclude non-recurring items, certain mark-to-market
adjustments and discontinued operations. Reconciliations of reported
earnings to operating earnings are included at the end of this news release.
• DTE Energy reaffirms 2020 operating EPS guidance of $6.47 - $6.75.
Executive Commentary
“DTE has a proud heritage of rallying at the toughest of times. Whether
we’re dealing with catastrophic storms or economic crisis, in every
case, we’ve emerged a better, stronger company. There is no doubt that
the work required of us today will set us up for another successful
decade,” said DTE Energy president and CEO.
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Key Financial Highlights
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Edison International (USA) Reports First Quarter 2020 Results
Highlights
• Edison International reported first quarter 2020 net income of $183 million, or $0.50 per share, compared to net
income of $278 million, or $0.85 per share, in the first quarter 2019.
• Adjusted, first quarter 2020 core earnings were $228 million, or $0.63 per share, compared to core earnings of
$206 million, or $0.63 per share, in the first quarter 2019.
• Southern California Edison's first quarter 2020 net income of $219 million, or $0.60 per share, was lower
compared to net income of $293 million, or $0.90 per share, in the first quarter 2019.
• SCE's first quarter 2020 earnings per share (EPS) decreased by $0.30 from the prior year period, consisting of
$0.04 of higher core EPS and $0.34 of higher non-core loss per share.
• SCE's higher non-core loss per share was mainly attributable to the absence of $69 million, or $0.21 per share,
of income tax benefits recorded in the first quarter 2019 related to changes in the allocation of deferred tax
re-measurement between customers and shareholders as a result of a CPUC resolution, and an after-tax expense
recorded in 2020 of $60 million, or $0.17 per share, from the amortization of SCE's contributions to the Wildfire
Insurance Fund.
• Edison International Parent and Other's first quarter 2020 net loss of $36 million, or $0.10 loss per share, was
higher than a net loss of $15 million, or $0.05 loss per share, reported in the first quarter 2019.
• Edison International Parent and Other’s first quarter 2020 loss per share increased by $0.05 compared to first
quarter 2019, consisting of $0.04 of higher core loss per share and $0.01 of higher non-core loss per share.
Executive Commentary
“Edison International remains focused on supporting our customers and our communities impacted by
COVID-19. We also are focused on ensuring the safety and health of our employees and providing them
with the resources necessary to maintain critical operations, said President and chief executive officer of
Edison International. We continue to perform critical work related to public safety and reliability, while
deferring non-critical outages when our communities are staying at home. Additionally, SCE continues to
make significant progress to mitigate wildfire risk through hardening infrastructure, bolstering situational
awareness capabilities and enhancing operational practices, while implementing enhanced data analytics
and technology. We are executing these programs as expeditiously as possible as they are critical to ensuring
the safety of our communities and are viewed as essential by the State.”
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Key Financial Highlights
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Exelon (USA) Reports First Quarter 2020 Results
Highlights
• Exelon's GAAP Net Income for the first quarter of 2020 decreased to $0.60 per share from $0.93 per share in
the first quarter of 2019.
• Adjusted Operating Earnings remained consistent at $0.87 per share in both the first quarter of 2020 and 2019.
• For the reconciliations of GAAP Net Income to Adjusted Operating Earnings
• ComEd's first quarter of 2020 GAAP Net Income and Adjusted Operating Earnings increased to $168 million
from $157 million in the first quarter of 2019
• Generations’ nuclear fleet capacity factor was 93.9% for the quarter, ahead of the industry average of 91%
• PECO’s first quarter of 2020 GAAP Net Income decreased to $140 million from $168 million in the first quarter
of 2019. PECO’s Adjusted Operating Earnings for the first quarter of 2020 decreased to $140 million from $169
million in the first quarter of 2019
• BGE’s first quarter of 2020 GAAP Net Income increased to $181 million from $160 million in the first quarter
of 2019. BGE’s Adjusted (non-GAAP) Operating Earnings for the first quarter of 2020 increased to $182 million
from $161 million compared with the first quarter of 2019
• Generation's first quarter of 2020 GAAP Net Income decreased to $45 million from $363 million in the first
quarter of 2019. Generation’s Adjusted (non-GAAP) Operating Earnings for the first quarter of 2020 increased
to $312 million from $294 million in the first quarter of 2019
Executive Commentary
“We had another strong quarter, with each of our utilities achieving high reliability performance and our
nuclear generation fleet completing seven of eight refuelling outages - nearly all ahead of schedule, said
President and CEO of Exelon. The consistent performance of our frontline employees in providing safe and
reliable service has never been more evident as our communities confront the global pandemic and the
devastating disruption to our economy. In recognition of these extraordinary circumstances, we are working
to support customers experiencing financial hardship by waiving new late charges, suspending
disconnections and reconnecting those who were disconnected previously. We remain on track to invest $26
billion across all our utilities to further improve reliability and customer service, and we have contributed
more than $5.9 million to national and local relief organizations to provide immediate relief to communities
affected by COVID-19.”
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FirstEnergy (USA) Announces First Quarter 2020 Financial Results
• Reported first quarter 2020 GAAP earnings of $74 million, or $0.14 per basic and diluted share of
common stock, on revenue of $2.7 billion, including a non-cash mark-to-market adjustment on the
company's pension and other post-employment benefit plans.
• In the first quarter of 2019, FirstEnergy reported GAAP earnings of $315 million, or $0.59 per basic
and diluted share of common stock, on revenue of $2.9 billion.
• Operating earnings* for the first quarter of 2020 were $0.66 per share, above the midpoint of the
company's earnings guidance. In the first quarter of 2019, operating earnings were $0.67 per share.
• For the second quarter of 2020, FirstEnergy is providing a GAAP and operating (non-GAAP)
forecast range of $260 million to $315 million, or $0.48 to $0.58 per share based on 542 million
shares outstanding.
• For 2020, FirstEnergy is updating its full-year GAAP earnings forecast range to $1.02 billion to
$1.13 billion, or $1.88 to $2.08 per share, based on 542 million shares.
• The company is affirming its full-year operating (non-GAAP) guidance of $2.40 to $2.60 per share.
• FirstEnergy is also affirming its long-term growth rate projections. The company remains on track
to achieve 6% to 8% compound annual operating earnings growth from 2018 to 2021, as well as its
extended CAGR of 5% to 7% through 2023.
Executive Commentary
"During this global health crisis, we continue working to provide the safe, reliable energy our
customers and communities need, while taking extra steps to keep our employees healthy on the
job, said FirstEnergy president and chief executive officer. While the broad, long-term
implications on our economy are still being understood, FirstEnergy is uniquely well-positioned
to navigate this environment, and we expect to continue meeting our commitments to our
stakeholders."
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Fortum Corporation (Finland): January-March 2020 Interim Report
Highlights
• Comparable EBITDA was EUR 543 (545) million
• Comparable operating profit was EUR 393 (408) million, -4%
• Operating profit was EUR 592 (358) million, +65%, impacted by the EUR 431 million
sales gain from the Joensuu divestment and a one-time, non-cash income statement impact
of EUR -222 million from Uniper becoming Fortum’s subsidiary
• Share of profits of associates and joint ventures was EUR 479 (111) million, mainly related
to Fortum’s share of Uniper’s profits, including Fortum’s share of Uniper’s fourth-quarter
2019 profits of EUR 162 (49) million and first-quarter 2020 profits of EUR 307 (-) million
• Earnings per share were EUR 1.05 (0.38), of which EUR 0.22 (0.04) related to items
affecting comparability and EUR 0.53 (0.06) to Uniper
• Cash flow from operating activities totalled EUR 1,114 (751) million
• No major immediate effects from Covid-19 on Fortum’s business
• Fortum finalised the divestment of its district heating and cooling business in Joensuu,
Finland, for approximately EUR 530 million
Executive Commentary
Fortum’s President and CEO, “The market environment during the first quarter was
volatile and challenging. Already in December 2019, the Nordic hydrology turned
clearly wetter and the same trend continued to depress prices substantially in the
beginning of 2020. In March, the ‘price war’ on oil and the Covid-19 pandemic shocked
the market. This put further downward pressure on the already depressed commodities
and Nordic power prices. Even though several countries are slowly easing the
restrictions put in place to limit the spreading of the virus, it is still impossible to
determine the long-term economic effects of the pandemic.”
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Hydro One (Canada) Reports First Quarter Results
First Quarter Highlights
• First quarter earnings per share (EPS) was $0.38 and adjusted EPS was $0.38, compared to $0.29 and $0.52,
respectively, for the same period in 2019.
• Hydro One implemented several safety measures and operational changes to ensure employee and customer safety
during the COVID-19 pandemic.
• Hydro One took steps to assist customers affected by COVID-19 including: creating a Pandemic Relief Fund,
extending its Winter Relief program, suspending late fees for all customers, and returning approximately $5 million in
security deposits to eligible business customers.
• The Company received a regulatory decision regarding its 2020-2022 transmission rate application from the OEB.
• The Company received the approval of the OEB to proceed with the Orillia Power Distribution Corporation and
Peterborough Distribution Inc. acquisitions.
• Demonstrating its financial stability and flexibility, Hydro One Inc. successfully issued $1.1 billion of long-term debt
at competitive rates.
• Ongoing productivity savings of approximately $45 million represent a 29.9% increase year-over-year compared to
the first quarter of 2019.
• Improved reliability in the transmission segment with an approximate 31% reduction in System Average Interruption
Duration Index (SAIDI) in comparison to the first quarter of 2019.
• Hydro One and Ontario Power Generation Inc. launched the Ivy Charging Network, a new partnership that will create
Ontario's largest and most connected electric vehicle fast-charger network.
• Quarterly dividend declared at $0.2536 per share, payable June 30, 2020.
Executive Commentary
"Ontarians are counting on us now more than ever as we collectively fight the COVID-19 pandemic. As an
essential service, we recognize the critical role we have in energizing life for families, businesses and
communities, said President and CEO, Hydro One. Building on our strong foundation, stable financials and focus
on operational excellence, we will continue to meet the needs of our customers and communities now and into the
future."
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Key Financial Highlights
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Hydro One (Canada) receives regulatory approval for acquisition of Orillia Power
Distribution Corporation and Peterborough Distribution Inc.
Hydro One Limited announced today that the Ontario Energy Board has approved the
applications for the acquisitions of Ontario-based utilities Orillia Power Distribution
Corporation from the City of Orillia, and the business and distribution assets of Peterborough
Distribution Inc., from the City of Peterborough. Hydro One announced that it had agreed to
acquire 100 per cent of OPDC for $26.35 million and assume approximately $14.9 million
of debt and regulatory liabilities for a total transaction value of $41.3 million. OPDC serves
approximately 14,000 customers in Central Ontario. The deal is expected to close in the
coming months. Construction has started on Hydro One's new grid control centre in Orillia,
which will be home to 150-250 highly skilled employees working to ensure electricity is
moving safely across the province to Hydro One's 1.4 million residential and business
customers. Once the OPDC transaction deal has closed, Hydro One anticipates making
additional investments in the Orillia community, such as the development of a new
provincial warehouse and regional operations centre. As part of the agreement, base
distribution charges for OPDC customers will be reduced by one per cent and frozen for five
years, followed by increases at or near inflation for years 6-10.
Executive Commentary
"We look forward to welcoming our new customers and employees to the Hydro One
family, said President and CEO, Hydro One Limited. These strong partnerships will
energize life in the City of Orillia and the City of Peterborough for years to come through
our continued investment in exceptional customer service, safe and efficient operations,
and community initiatives. We would like to thank Mayor Clarke and Mayor Therrien,
Orillia and Peterborough City Councils, and the OPDC and PDI teams for their
dedication and partnership."
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Financial, M&A Updates
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Iberdrola (Spain) acquires the French renewable energy company Aalto Power
for 100 million euros
Iberdrola has signed an agreement for the acquisition of the French renewable energy company Aalto Power External link, opens in a new window., owned by
Aiolos and Caisse des Dépôts et Consignations, for 100 million euros. The company led by Ignacio Galán, who will make a record investment of 10,000 million
this year, thus leads one of the first corporate operations in the European market since the start of the health crisis. Founded in 2005 and based in Marseille, Aalto
Power already has 118 megawatts of onshore wind power operating in France and has a portfolio of onshore wind projects in that country, adding another 636
MW, which are in different stages of development. The operation is part of Iberdrola's commitment to strengthen its presence and growth in renewable energy in
France. In fact, the purchase of Aalto Power will not only provide Iberdrola with the first operating megawatts on French soil, but will also reinforce its plans in
the area of renewable generation, thanks to the projects the company has and its team of professionals, with experience in developing this type of infrastructure.
Iberdrola is already promoting the Saint-Brieuc offshore wind farm in France, of which it acquired 100% of the capital last March and which will involve an
investment of approximately 2.5 billion euros. The 496 MW of power of this complex, which will begin construction in 2021, will come into operation in 2023,
generating enough clean energy to satisfy the electricity consumption of some 835,000 people.
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NRG Energy, Inc. (USA) Reports First Quarter 2020 Results
Highlights
• Income from continuing operations of $121 million, or $0.49 per diluted common share
• Adjusted EBITDA for the first quarter of $349 million, cash flow from operations of $208
million
• Free cash flow before growth of $167 million.
• Texas: First quarter Adjusted EBITDA was $195 million, $16 million higher than first quarter
of 2019, driven by the acquisition of Stream Energy, higher revenues from margin enhancement
activities, lower supply costs; partially offset by higher operating costs driven by STP nuclear
refueling outage in the first quarter of 2020 and emission credit sales in 2019.
• East: First quarter Adjusted EBITDA was $90 million, $54 million lower than first quarter of
2019, due to the write-down of oil inventory in 2020 ($29 million), gain on settlement of
Midwest Generation asbestos liability in 2019 ($27 million) and lower capacity revenues;
partially offset by lower operations costs due to lower generation.
• West/Other: First quarter Adjusted EBITDA was $64 million, $54 million higher than first
quarter of 2019, driven by higher margin from Sunrise facility due to improved availability in
2020 and outage insurance proceeds.
• Overall liquidity as of the end of the first quarter 2020 was $197 million lower than at the end
of 2019 driven by the increase in dividends and share repurchases.
Executive Commentary
“Our platform performed well during the first quarter, demonstrating resiliency and stability
amid the COVID-19 pandemic, said NRG President and Chief Executive Officer. We are
prepared for the upcoming summer and remain focused on protecting employee safety and
well-being while maintaining safe and reliable operations and customer service during this
period of volatility.”
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Republic Services, Inc. (USA) Reports Strong First Quarter 2020 Results
First-Quarter Highlights:
• EPS was $0.77 per share. Adjusted EPS, a non-GAAP measure, was $0.77 per share, an increase of 5 percent over the
prior year.
• Cash provided by operating activities was $570 million, an increase of 3 percent versus the prior year.
• Adjusted free cash flow, a non-GAAP measure, was $267 million, which decreased versus the prior year primarily due
to the timing of capital expenditures and cash taxes.
• Cash flow invested in acquisitions was $63 million. The annual revenue acquired was approximately $30 million.
• Total cash returned to shareholders through dividends and share repurchases was $228 million.
• Republic had $1.9 billion of available liquidity, including $1.6 billion of available borrowing capacity under its credit
facilities and $282 million of cash.
• Core price increased revenue by 5.2 percent, and average yield was 2.9 percent.
• Adjusted EBITDA, a non-GAAP measure, was $723 million and adjusted EBITDA margin was 28.3 percent of
revenue, consistent with the prior year.
• The Company now has approximately $815 million in annual revenue, or 33 percent of its approximately $2.5 billion
CPI-based book of business, tied to either a waste-related index or a fixed-rate increase of 3 percent or greater.
• The Company's average recycled commodity price per ton sold in the first quarter was $76.
• Republic was named to the elite 2020 World's Most Ethical Companies List® by Ethisphere, a global leader in
defining and advancing the standards of ethical business practices.
• The Company launched its $20 million "Committed to Serve" initiative.
Executive Commentary
"In all my time at Republic Services, I've never been prouder to be a part of the Republic team. Our 36,000
employees remain committed to operating safely and efficiently while continuing to provide consistent, reliable
service to our customers during these unprecedented times, said Chief executive officer. Over the years, we've
made several key investments, including developing standardized processes and procedures, implementing
innovative technology to enhance employee safety and efficiency, consolidating our customer service operations
and building world-class procurement and business continuity functions. These investments are yielding strong
returns and enabling us to quickly adapt and adjust our business to align with today's dynamic market conditions.
We have built a strong foundation and resilient business, which positions us well to manage through this crisis and
come out of it stronger than ever."
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RUSHYDRO (Russia) announces first quarter 2020 RAS results
Key highlights:
• EBITDA – RUB 24,358 Mn;
• Reported net profit – RUB 14,315 Mn;
• Since July 1st 2017, a surcharge to capacity prices in 1st and 2nd price zones in order to attain base level of end-user tariffs in the Far East of Russia is reflected in
PJSC RusHydro’s revenue and operating expenses. In 1Q20, the surcharge totaled RUB 10,264 Mn, in the 1Q19 RUB 8,748 Mn; Adjusted for the surcharge revenue
and expenses were:
• Revenue – RUB 34,653 Mn;
• Operating expenses – RUB 14,684 Mn.
• EBITDA in the first quarter of 2020 increased by 25% to RUB 24,358 from RUB 19,440 in 1Q’19.
• total liabilities increased by 5% or RUB 10,999 Mn as compared to the similar figure as of December 31, 2019 and amounted to RUB 223,224 Mn.
• The Company's debt portfolio increased by 2% as compared to the beginning of the reporting year and reached RUB 147,041 Mn. Long-term loans comprise 71% of
the total portfolio.
• The Company's equity in the first quarter of 2020 increased by 2% to RUB 866,285 Mn against RUB 851,970 Mn as of the beginning of the reporting year.
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UGI (USA) Reports Second Quarter Results
Headlines
• Q2 GAAP EPS of $1.07 and adjusted EPS of $1.56 per diluted share compared to GAAP EPS of $1.38
and adjusted EPS of $1.43 per diluted share in the prior-year period.
• Year-to-date GAAP EPS of $2.08 and adjusted EPS of $2.73 per diluted share represent a 20% increase
in GAAP EPS and a 22% increase in adjusted EPS compared to the prior year.
• Q2 Reportable segments earnings before interest expense and income taxes of $527.4 million compared
to $550.5 million in the prior-year period.
• Significantly warmer-than-normal weather in all of UGI's service territories.
• On April 21, 2020, UGI's Board of Directors approved an increase to its quarterly dividend to $0.33 per
share marking the 33rd consecutive year of annual dividend increases.
• As of March 31, 2020, UGI Corporation had available liquidity of $1.2 billion.
• Decreased capital expenditures guidance to $730 million from $850 million for fiscal 2020 as a result of
delays related to COVID-19. These projects are expected to be executed in fiscal 2021. The updated timing
of the projects supports free cash flow in fiscal 2020.
• Updated fiscal year 2020 adjusted EPS guidance to a range of $2.45 - $2.55 per share prior to the
COVID-19 impact, and anticipate that the pandemic could negatively impact earnings by an additional
$0.20 - $0.30 per share.
Executive Commentary
"As we announce our second quarter results, our employees, customers, communities and the world
continue to address the major impacts of the COVID-19 pandemic, said President and Chief Executive
Officer of UGI Corporation. We continue to serve our customers, prioritize the safety of our
employees and customers, and support the communities we serve. UGI's businesses have contributed
time and resources to support front line workers and community-based agencies providing critical
services to our local communities. UGI has adapted its work practices to ensure we do our part to limit
the spread of the virus and we remain committed to being a trusted partner for all of our stakeholders.”
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VISTRA (USA) Reports First Quarter 2020 Results
Financial Highlights
• Vistra reported Net Income from Ongoing Operations 1 of $62 million and Ongoing Operations Adjusted EBITDA 1 of $850 million.
• Vistra's first quarter Adjusted EBITDA was $26 million 2 higher than first quarter 2019 results
• Ongoing Operations Adjusted EBITDA 1 results were $26 million 2 better than first quarter 2019 primarily driven by the acquisitions of Ambit Energy and Crius Energy.
• Reaffirmed 2020 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted FCFbG guidance ranges of $3,285 to $3,585 million 1 and $2,160 to $2,460 million,
1,3 respectively.
• Vistra's guidance reaffirmation reflects its meaningful hedge position and its attractive retail customer mix, thereby minimizing the current and potential negative impacts of
COVID-19 including lower business demand for electricity, lower power prices and volumes in 2020 reflecting this decreased demand, and anticipated increased bad debt in the
Retail segment.
• Paid a quarterly dividend of $0.135 per share on March 31, 2020, to shareholders of record as of March 17, 2020, and announced the second quarter dividend of $0.135 per share
payable on June 30, 2020, to shareholders of record as of June 16, 2020, or $0.54 per share on an annualized basis.
• This dividend represents an 8% increase from the company's quarterly common stock dividend paid in 2019.
• Announced it is on track to achieve nearly $700 million of the projected ~$760 million of Dynegy
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Waste Connections (Canada) Reports First Quarter 2020 Results
Highlights
• Revenue of $1.352 billion, up 8.7%
• Reports 5.2% price + volume growth
• Net income attributable to Waste Connections of $143.0 million, or $0.54 per
share
• Adjusted net income attributable to Waste Connections* of $170.6 million,
or $0.65 per share
• Adjusted EBITDA* of $408.5 million, or 30.2% of revenue
• Net cash provided by operating activities of $369.6 million
• Adjusted free cash flow* of $235.7 million, or 17.4% of revenue
• Encouraged by improving solid waste trends
Executive Commentary
"We couldn't be any prouder of our Company's preparedness for and
execution during this pandemic, which should leave us well-positioned
when we emerge from it. An extremely strong start to the year, which had
put us firmly on track to exceed our outlook, was interrupted in March by
measures taken across the U.S. and Canada to limit or control the spread of
COVID-19. In spite of the resulting significant slowdown in economic
activity and impact to revenue, we exceeded our first quarter outlook for
adjusted EBITDA* and delivered adjusted free cash flow* of $235.7
million, or 17.4% of revenue and 57.7% of adjusted EBITDA, while also
shifting our focus to one of preparedness," said President and CEO.
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Key Financial Highlights
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Iberdrola (Spain) buys two onshore wind projects in Scotland from 3R Energy and
Mitchell Energy, which will involve an investment of almost 190 million euros
Iberdrola has closed the purchase of two onshore wind projects in Scotland, which add 165 megawatts
of capacity and whose development will involve an investment of around 190 million euros, to some
local individual shareholders of 3R Energy and to the company Mitchell Energy. The two renewable
developments acquired by lberdrola are located in the county of South Lanarkshire, some 35
kilometers south of Glasgow. On the one hand, it has been done with a project that includes the
construction of a 100 MW wind farm: 20 turbines of 5 megawatts (5 MW) of unit capacity and a
maximum height of 200 meters. On the other hand, the company will be able to repower the first
non-experimental wind farm developed in Scotland 25 years ago. After this process, the installation,
which currently has 42 MW of installed power, will have 65 MW. Thanks to this transaction,
Iberdrola's subsidiary in the United Kingdom, Scottish Power, will be able to develop its third largest
wind complex in the country, with 220 MW of capacity, given that, to the 165 MW now acquired, it
will add 55 MW from another neighboring park that it was already promoting and is now reactivating.
This enclave, whose development will require a global investment of some 250 million euros, will be
able to supply green energy to almost 135,000 homes. The company led by Ignacio Galán, who will
make a record investment of 10,000 million this year to boost the green recovery, thus leads its third
corporate operation since the start of the health crisis.
Executive Commentary
As a result of this purchase, Chairmen and CEO pointed out that, “As we overcome the
coronavirus crisis, investment in clean infrastructures, which creates jobs and whose delivery
times are short, offers immediate economic and environmental benefits, which will allow us to
support the UK recovery at this critical time. Likewise, the president of Iberdrola has commented
that, globally, it is essential that the recovery be in line with climate objectives. As today's
announcement shows, companies like ours remain committed to clean energy investments that
foster quality employment and drive the energy transition. "
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DTE Energy (USA) launches new Personalized Service Protection program to help
customers impacted by COVID-19 protect their energy service
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Solution Description
DTE Energy launched a new Personalized Service Protection program to help customers experiencing financial hardship due to COVID-19. The plan is
available immediately and helps ensure impacted customers can retain the energy service they need during this ongoing, unprecedented crisis.
The newly launched plan is the latest in a series of steps DTE has taken to help its customers and communities through the COVID-19 crisis. Other actions
include:
• Extending coverage for customers enrolled in its low income and senior shutoff protection programs
• Extending its 30-day medical hold policy to help low-income customers who are physically exposed, infected or quarantined by the COVID-19 virus
(including influenza)
• Providing business customers with guidance on resources available to them through state and federal agencies via its COVID-19 business support site
• Providing energy efficiency guidance to customers spending more time at home, with easy, low- or no-cost steps that can immediately reduce usage and
costs
• Encouraging customers to download the free DTE Insight app which helps monitor energy use and take actions to reduce usage, and thereby lower bills
• Stressing the benefits of its safe and convenient ways to manage accounts – such as eBill, AutoPay, mobile payment and other programs
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Enel (Italy) launches internal crowdfunding campaign for solidarity initiatives aimed
at the third sector
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Solution Description
Enel launched an internal crowdfunding campaign, together with all of the Enel Group’s top managers, through which
they will allocate part of their remuneration to solidarity initiatives. The funds collected will be disbursed in favor of third
sector associations that are particularly active in helping the people most affected by the social emergency caused by
COVID-19. The Group's non-profit organization, Enel Cuore, will participate in this campaign and match the funds
collected by top managers, hence doubling the amount.
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FirstEnergy (USA) Deploys Internal Avian App to Streamline Bird Protection Efforts
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Solution Description
FirstEnergy Corp. has deployed an app that allows utility personnel to report avian issues in real time, streamlining the process to protect nesting birds
and enhance electric service reliability. The app arms field workers with the ability to submit photos and answer key questions using a drop-down menu
to report the locations of bird nests or other bird-related issues along the company's power lines, all from their mobile devices. Protecting birds is
nothing new to FirstEnergy. Over the past two years, the company has made great strides enhancing its avian protection efforts, including the
implementation of drones to complete bird nest inspections and donation of funds and materials to install nesting platforms in areas where birds nest on
electrical equipment. These ongoing efforts continue to help reduce power outages caused by nesting birds. The app – which was designed exclusively
for FirstEnergy by an outside environmental firm – was recently rolled out by FirstEnergy's two electric companies with the highest level of bird
activity, the Pennsylvania Power Company and Jersey Central Power and Light. FirstEnergy plans to launch the app across its entire service area over
the next year as more employees are trained to use it. Disturbing or removing bird nests from electrical equipment and utility poles can be a complicated
task due to environmental regulations. If a nest is situated on or near electrical equipment and poses a serious threat to the birds' safety and electric
service reliability, FirstEnergy's environmental team works with state wildlife officials to develop a plan or course of action to remove or relocate the
nests while protecting the birds.
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GUODIAN Power (China) introduced "four colors and two votes" to promote digital
risk management
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Solution Description
Guodian Power launched the pilot of two-vote digital risk management and control, in-depth use of the results of the risk pre-control database, the
introduction of "four-color two-vote", a comprehensive upgrade of thermal power and hydropower enterprise work ticket and operation ticket
management standards, to achieve risk management and work Deep integration of ticket and operation ticket, strengthen safety management by
means of digital risk management and control, improve the safety management and control capabilities of production personnel, and promote the
implementation of risk management and control. Since this year, the company has fully implemented the group company's "one prevention and
three guarantees" work requirements and "risk management and control year" work deployment, with the goal of building a world-class listed
energy company with global competitiveness, and vigorously implement smart enterprises and intrinsically safe Enterprise construction, increase
the intensity of digitalization and intelligent transformation of traditional power companies. Guodian Power implemented the pilot of “Four Colors
and Two Votes”, focusing on the deep integration of risk management and control with the digitization of work and operation tickets, and on the
basis of strict implementation of rules and regulations, the risk identification data and pre-control parameters of personnel, equipment, facilities
and operating environment Incorporate work tickets, and upgrade risk management and control standards in operation tickets.
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Hydro One (Canada) launches new online outage reporting
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Solution Description
Hydro One announced its customers can now report power outages online as part of the company's continued commitment to enhance its'
customers experience through new and innovative services and tools. Hydro One continuously looks at ways to improve its customers'
outage experience including receiving information when it's needed most. The ability to report an outage online complements the
company's existing outage tools, which give customers options on how they want to receive updates and other personalized features.
These tools include the company's outage map and mobile app, and proactive text or e-mail alerts. Hydro One Limited, through its
wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with approximately 1.4 million valued
customers, approximately $27.1 billion in assets as at December 31, 2019, and annual revenues in 2019 of approximately $6.5 billion.
Their team of approximately 8,800 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system
which is essential to supporting strong and successful communities. In 2019, Hydro One invested approximately $1.7 billion in its
transmission and distribution networks and supported the economy through buying approximately $1.5 billion of goods and services.
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TERNA (Italy) And Digital Magics Launch the First Digital Call for
Innovation: "I4g - Innovation for The Grid"
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Terna , the company that manages the Italian electricity grid, launches the I4G - Innovation For the Grid Call for Innovation, with support from Digital Magics , a business
incubator listed on AIM Italia of Borsa Italiana, in a digital format for the first time ever, aimed at startups and innovative SMEs that provide solutions capable of
contributing to the digitalization and increased resilience of the Italian transmission grid. Given the health emergency that has taken hold throughout Italy, this is a crucial
time for companies to rethink and reformulate their models in order to develop ideas, innovative initiatives and new forms of interaction and comparison through the use
of digital tools: based on this premise , I4G will be the first Terna Call For Innovation to take place in an entirely digital way. This new Call is focused on the search for
solutions to enhance and improve the IoT monitoring grid that Terna is installing on various assets within the Italian high-voltage electricity system, and aims to identify
advanced analytics algorithms and develop specialized sensor technology for power lines capable of integrating with their own monitoring grid, thus further enhancing
and improving it. The technological development plan Terna aims to launch involves a new strategy to use the electricity infrastructure as an integrated environmental
monitoring system, using innovative digital tools located on pylons, fiber-optic networks and IoT technology. This "alternative" use of the grid, focused on new services
for the local area and for the population, offers intrinsic economic and environmental sustainability as it is founded on the use of a single infrastructure for multiple
purposes, reducing land use. Application of innovative monitoring technologies located on grid infrastructures also promotes social sustainability, allowing local
administrations and innovative businesses to provide services within an interconnected system.
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Alliant Energy (USA) earns Tree Line USA recognition from Arbor Day
Foundation
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The Arbor Day Foundation has named Alliant Energy a 2020 Tree Line USA award recipient in honor of its commitment to protecting
and enhancing urban trees. This is the 22nd year Alliant Energy has received distinction from Tree Line USA, a partnership between the
Arbor Day Foundation and the National Association of State Foresters that recognizes utilities for their efforts. Alliant Energy preserves
the quality and health of trees with proper trimming, pruning, planting, care and underground utility construction. Employees are trained
annually in best tree-care practices. Alliant Energy and Trees Forever have partnered to plant more than 1.6 million trees and seedlings
throughout communities in Iowa since 1989. The Branching Out program encourages energy efficiency, environmental awareness and
community stewardship while funding and implementing tree-planting projects, including 39 such projects in 2019. The Alliant Energy
Foundation is supporting Trees Forever’s Growing Futures program this year. This new program hires local teens to plant and care for
trees in under-resourced neighborhoods.
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Dominion Energy (USA) Recognized Nationally for Excellence in Safety
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Dominion Energy Recognized Nationally for Excellence in Safety. In recognition of Dominion Energy’s strong track record for safety, seven of the
company’s gas businesses recently received the American Gas Association’s highest awards for safety performance in 2019: Dominion Energy
Carolina Gas Transmission, Dominion Energy Ohio, Dominion Energy Questar Pipeline, Dominion Energy South Carolina, Dominion Energy
Transmission Inc., Dominion Energy Utah-Wyoming-Idaho, Dominion Energy West Virginia. Dominion Energy credits its safety performance to the
personal commitment of the company’s employees. In several areas of the company, employee-led safety teams create a culture that champions a safe,
injury-free workplace. By hosting events like Dominion Energy Safety Days, employees and subject matter experts share resources and knowledge to
bring the company’s safety procedures to life. More than 7 million customers in 20 states energize their homes and businesses with electricity or natural
gas from Dominion Energy, headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable and safe energy and is one
of the nation's largest producers and transporters of energy with more than $100 billion of assets providing electric generation, transmission and
distribution, as well as natural gas storage, transmission, distribution and import/export services. The company is committed to achieving net zero
carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050.
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FirstEnergy (USA) Named to DiversityInc 2020 Top Utilities and Board of
Directors Lists
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FirstEnergy Corp. has been recognized by DiversityInc as one of the top six utilities in the nation for its workforce diversity and inclusion
initiatives, moving up one spot this year from fifth to fourth place. In addition, the company ranked eight out of 11 on the inaugural
DiversityInc list of Top Companies for Board of Directors. Each year, DiversityInc evaluates companies based on survey responses that detail
the makeup of their workforce, talent programs, leadership accountability, workplace practices, philanthropy and supplier diversity. An
overall Top 50 list is developed from the survey data, and subsets of the same data are used to determine several specialty lists, including
utilities. New to the DiversityInc specialty lists for 2020 is the Top Companies for Board of Directors. To determine the Board of Directors
list, DiversityInc considered the diversity of each company's board of directors, as well as participation of diverse members on key
committees, such as governance and compensation. FirstEnergy continues to build momentum in its diversity and inclusion efforts. The
company's employee business resource groups are growing and playing a key role in engaging employees and creating an inclusive
environment.
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GUODIAN Power (China) won three awards from the TIANMAAward of a
Chinese listed company
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Guodian Power won not only the Main Board Award and the Best Investor Relations Company Award, but also a new establishment The Main Board Best New Media
Operation Award is the only listed company in the energy sector that has won three awards at the same time, and the only listed company in the Energy Sector that has
won the Main Board Best New Media Operation Award. Adhere to the exploration and build an efficient governance model of the board of directors. Since its listing,
Guodian Power's board of directors has strictly strengthened the board's ability to make decisions and guard against risks in strict compliance with laws and regulations
and the powers conferred by shareholders. The standardization and effectiveness of various tasks laid the foundation for the company to improve the modern corporate
legal person governance system and improve the level of scientific decision-making. Attach importance to communication and fully carry out investor relationship
management. Guodian Power adheres to its mission of building a harmonious and transparent investor relationship, and makes full use of the official website “Investor
Relations” section, online and offline performance briefings, investor hotlines, and visual product push to deliver company information to investors in a timely and
accurate manner. Under the premise of strictly abiding by the information disclosure standards, actively communicate with investors and transfer company value.
Guodian Power keeps in mind the responsibility of central enterprises and actively fulfills its social responsibilities. During the epidemic period, it grasped the epidemic
prevention and control on the one hand and guaranteed production and operation on the other hand, ensuring the stable energy supply. report.
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National Grid (UK) Named Top Utility for Diversity, Inclusion, and LGBT
Employees
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National Grid has been ranked as one of the top utilities for diversity and inclusion by DiversityInc. This marks the
second time National Grid has earned this distinction as one of only six utility honorees. For the first time, National
Grid has also been named a top company for LGBT employees as part of the ranking. The DiversityInc Top 50 list,
issued yearly since 2001, recognizes the nation's top companies for diversity and inclusion management. These
companies excel in such areas as hiring, retaining and promoting women, minorities, people with disabilities, LGBT,
and veterans. About National Grid: National Grid is an electricity, natural gas, and clean energy delivery company
serving more than 20 million people through our networks in New York, Massachusetts, and Rhode Island. National
Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions
to meet the goal of reducing greenhouse gas emissions.
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Southern Company (USA) recognized as a top company for diversity and
inclusion by DiversityInc for the fifth consecutive year
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Southern Company earned the 26th spot on the 2020 DiversityInc "Top 50 Companies for Diversity" list. DiversityInc announced that Southern
Company moved up 7 spots, landing at No. 26 from No. 33 last year on the Top 50 Companies for Diversity list. This is the fifth consecutive year
Southern Company has been recognized as a Top 50 Company for diversity and inclusion, as well as recognition for the system's efforts to hire, retain
and promote women, minorities, people with disabilities, LGBTQ and veterans. DiversityInc's annual survey yields an empirically-driven ranking
based on talent results in the workforce and management, senior leadership accountability, talent programs, workplace practices, philanthropy and
supplier diversity. This award recognizes Southern Company's continued commitment to Our Values by promoting and advancing an inclusive and
diverse work culture and environment where our people and company thrive. Southern Company is committed to continuing to advance the future of
energy by creating and maintaining a workforce that reflects the communities we live in and the 9 million customers the system serves.Southern
Company is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable
energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving
wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services.
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Georgia Power (USA) Launches Learning Power Mobile App
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Georgia Power Launches Learning Power Mobile App. The Georgia Power Learning Power app includes interactive lessons for students,
offering fun, educational activities with real-world applications of Science, Technology, Engineering and Math, energy and energy efficiency
content. The recently launched mobile game app supports Learning Power's STEM-based classroom energy lessons, all aligned with the
Georgia Standards of Excellence. On the app, you will find seven grade-appropriate games, ranging from Pre-K through high school. Students
can repair "Goldibot" in a robot circuitry experiment, harness solar power for a cell phone battery boost, or solve "Electri-City's" smart power
grid puzzle. Georgia Power's signature education program, is proud to partner with Georgia educators to electrify classrooms with lessons on
energy and energy efficiency. Since inception in 2011, Learning Power has engaged 750,000+ students across Georgia. Georgia Power
Education Coordinators – twenty instructors serving schools statewide – have long delivered hands-on, STEM-based energy and efficiency
lessons to amplify classroom learning. Aligned with the Georgia Standards of Excellence in science and math, interactive labs and creative
classroom activities support STEM learning and energy industry career exploration.
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Georgia Power (USA) recognized nationally as a utility that is "Easiest to Do
Business With" for second year in a row
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Georgia Power the company was ranked among top utilities based on company reputation and outreach, communication, and customer and field service
satisfaction in the 2020 Cogent Syndicated Utility Trusted Brand & Customer Engagement™. Using a "Customer Effort Index," the study measured how
easy it is for customers to obtain service, information and offerings from a utility. Satisfaction was measured against 140 electric, natural gas and combination
utilities among 62,122 US utility customers. According to the study, residential utility customers get 90 percent of their satisfaction from the amount of effort
required to do business with their utility. To ease the burden that customers are facing during the COVID-19 pandemic, Georgia Power previously announced
the suspension of all disconnections and will offer special payment plan options to assist with the recovery. The company also continues to offer around the
clock service features including bill pay, energy usage monitoring tools, power outage reporting, payment information and history. Georgia Power is the
largest electric subsidiary of Southern Company, America's premier energy company. Value, Reliability, Customer Service and Stewardship are the
cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Georgia Power focuses on delivering world-class
service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction.
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Alliant Energy (USA) adds solar and battery system at DNR site near Sauk City
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An Alliant Energy solar generation and battery storage project will provide power to a park building and cabin when they reopen later this year
just south of Sauk City, Wisconsin. The new system replaces an overhead line that previously brought electricity to the Department of Natural
Resources structures. An Alliant Energy project team collaborated with DNR staff and found a creative, clean-energy and cost-effective solution
called a microgrid. Microgrids are a compressed version of the larger electric grid and provide power to a smaller area. It includes a small solar
array and an affiliated battery to store the renewable power and operates separately from the larger grid. The microgrid was energized earlier this
year. It includes a six-kilowatt solar generation system, a 42-kilowatt-hour battery, a charge controller, inverter and cellular communications. It
will provide power for lighting and a water pump at the DNR building and cabin in the more than 800-acre Black Hawk Unit of the Lower
Wisconsin Riverway. The recreational area will now be powered entirely by renewable energy. The microgrid, which will typically be used
seasonally from May through October, is located about 3.5 miles south of Sauk City. It sits near the end of Watcher Road, which is accessible via
State Highway 78.
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Lotus and Centrica (UK) agree partnership to redesign electric vehicle ownership
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Centrica, the parent company of British Gas, and British motor manufacturer Lotus are working together to develop a new
model for electric vehicle ownership that fully integrates future mobility and energy. By making the car an extension of the
home, capable of storing electricity, minimizing emissions and generating new income by providing services to the energy
market, the companies aim to redefine the customer relationship with cars – one controlled by smart devices at home and on
the move. The energy company will also facilitate a sustainability program that leverages innovative, low carbon
technologies, and helps mitigate the environmental impact of everything from manufacturing through to sales and the
day-to-day activities of Lotus employees, helping meet Lotus’ carbon reduction aspirations. The new partnership will help
establish a new global charging and energy infrastructure for new products as part of Lotus’ journey to net zero carbon
following huge investment into the business since 2018.
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General Motors and DTE Energy (USA) are making Michigan a clean energy
powerhouse
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General Motors and DTE Energy are working together to accelerate Michigan’s transition to renewable energy with a deal to source 500,000
megawatt hours of solar energy as part of DTE’s MIGreenPower program. This follows an initial investment of 300,000 MWh of wind energy
purchased by GM in February 2019, bringing the total amount to more than 800,000 MWh, or the amount of electricity consumed by more than
100,000 homes in an average year. The MIGreenPower program is available to all DTE Electric customers who want to attribute a greater
percentage of their energy use to DTE’s wind and solar energy operations. GM’s investment in MIGreenPower should deliver enough clean energy
to supply GM’s Southeast Michigan facilities by 2023, including the Renaissance Center global headquarters in Detroit, the GM Global Technical
Center in Warren, the Milford Proving Ground in Milford and two local assembly plants; Orion and Detroit-Hamtramck, as well as several smaller
GM sites across Southeast Michigan. By 2023, GM’s Orion and Detroit-Hamtramck Assembly Plants are expected to be powered by renewable
energy. Orion Assembly will build the Chevrolet Bolt EV. Detroit-Hamtramck will build the GMC Hummer EV, Cruise Origin and other future
EVs. GM has also committed to expanding the availability of workplace charging stations at its facilities in Southeast Michigan, which will also
be powered by wind and solar.
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SCE (USA) Grows Clean Energy Portfolio, Enhances System Reliability With 770
Megawatts of New Energy Storage Capacity
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Southern California Edison announced that it has signed seven contracts totaling 770 megawatts of battery-based energy storage
resources to help enhance the region’s electric system reliability needs. The recently conducted solicitation and the resulting contracts
make up one of the country’s largest energy storage procurements. The projects will enhance electric grid reliability and help address
potential energy shortfalls identified in California. The projects will assist in integrating renewable clean energy into the grid from
intermittent wind and solar resources and will also help the state transition its energy profile as several large coastal once-through
cooling plants are scheduled to retire over the next three years. Most of the projects selected are co-located projects since the battery
project will use an adjacent solar power plant to charge the battery over the term of the contract. These projects will be located at the
same point of interconnection and will be the first of their kind on California’s grid. To solve these potential issues, the commission
authorized the utilities and other load-serving entities to procure additional new clean energy resources to meet those needs and keep
California on its present path to meet ambitious greenhouse gas emissions reduction targets by 2030.
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Mastercard and Enel X (Italy) to establish fintech-cyber innovation lab in Israel
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Mastercard and Enel X are launching a new lab in Israel to advance innovations in financial technology and cybersecurity for the
payments and energy ecosystem globally. The lab will partner with start-up companies to test and develop products and solutions,
with a particular focus on digital security, fintech platforms, digital authentication and financial inclusion. The lab is being established
in partnership with the Government of Israel, following a competitive tender launched by the Israel Innovation Authority, which aims
to advance innovations within the fintech and cyber sectors by accelerating growth of the country’s start-up ecosystem. The new lab
will combine the strength of Israel’s start-up economy with the support of the lab’s technical infrastructure, knowledge and expertise.
The new lab will be established in the southern city of Be’er Sheva, a city designated by the Israeli government as the cyber and
fintech capital of the world and home to many cyber R&D centers of top global technology companies. The lab will obtain a
three-year license and approximately 3.7 million US dollars of public funding to cover the lab’s establishment, operational costs and
proof of concept development with local start-ups.
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Entergy (USA): ENO, Burns & McDonnell Partner to Deliver Protective Gear to New
Orleans East Hospital
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38
Entergy New Orleans and Burns & McDonnell have teamed up to make sure first line responders at New Orleans East
Hospital have access to protective face masks. Employees at the Entergy New Orleans Power Station, located in New Orleans
East, and Burns & McDonnell, a nationally recognized engineering and construction firm, donated approximately 1,500 N95
masks to the hospital’s health care workers. Entergy New Orleans, LLC is an electric and gas utility that serves Louisiana’s
Orleans Parish. The company provides electricity to more than 200,000 customers and natural gas to more than 108,000
customers. The company is a subsidiary of Entergy Corporation.
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Fortum (Finland)partners with INFRACAPITAL to speed up charging infrastructure
development and growth
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39
Fortum has signed an agreement to sell a majority share of its public charging point operator, Fortum Recharge AS, for electrical
vehicles in the Nordics to Infracapital, the infrastructure equity investment arm of M&G Plc. After the transaction Fortum’s
ownership in Recharge will be 37%. Recharge is the largest CPO in the Nordics, owning close to 1,300 public charging points and
operating an additional 1,400 charging points in Norway, Finland, and Sweden. The partnership will create a shared ownership
structure designed to accelerate Recharge’s growth plans in the public CPO market and reaffirm its market leading position. At the
same time, the transaction will release capital for further growth in this partnership and in services provided to Fortum’s mobility
customers. Fortum will continue to own and offer its leading mobility services for digital public charging, as well as home and
destination charging services under its Charge&Drive and Plugsurfing brands. Fortum further continues to offer software as a service
(SaaS) for operating electrical vehicles charging infrastructure networks and customer interfaces to other CPOs. The Nordic countries
are among the most advanced and fastest growing EV markets globally.
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Fortum (Finland) to start collaboration with three national organizations
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40
Fortum is supporting the operational continuity of three key Finnish organizations through this exceptional time of the
coronavirus pandemic. Fortum has signed a collaboration agreement with the Mannerheim League for Child Welfare, the
Finnish Association for the Welfare of Older People, and the Central Association of Mental Health for the years 2020-2021.
Under the agreement, the organizations will receive a total of 150,000 euros from Fortum. Fortum recognizes the extremely
valuable long-term work that these organizations do. However, the exceptional global situation arising from the coronavirus
pandemic has created an added need for services and help. By donating 50,000 euros to each organization, Fortum wants to
contribute to their ability to continue providing assistance to those in need.
Description
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Strategic partnership with Octopus Energy (Australia) to transform Origin’s retail
business
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41
Origin Energy Limited has established a strategic partnership with fast-growing United Kingdom retailer and emerging technology business
Octopus Energy to transform its retail operations delivering a radical improvement in customer experience, a material reduction in costs, and
opening up future growth opportunities. The strategic partnership will see Origin work with Octopus to adopt Octopus’ leading operating model
and technology platform delivering significant benefits for Origin customers, employees and shareholders. Over the next 24 to 30 months, Origin
will transfer its 3.8 million retail electricity and gas customer accounts to the Kraken platform, delivering a step-change reduction in operating and
capital costs, with expected pre-tax cash savings of $70-80 million in FY2022 increasing to $100-150 million annually from FY2024. The
transaction is funded with staged consideration1 of $134 million paid upfront and $373 million spread over four financial years, comprising equity
instalments and progress payments related to the rollout of Kraken across Origin’s retail operations. Octopus has disrupted energy retailing through
its purpose-built Kraken platform and customer-centric operating model enabling superior customer service at lowest cost. Since its inception in
2016, Octopus has grown rapidly, with a customer base representing around 5 per cent of the UK market and is pursuing opportunities to scale its
model in other markets.
Description
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PUB and Sembcorp (Singapore) sign 25-year PPA to build largest floating solar
system in Singapore
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42
Singapore’s National Water Agency PUB, and Sembcorp Floating Solar Singapore, a wholly-owned subsidiary of Sembcorp Industries, are pleased to
announce today the signing of a 25-year power purchase agreement to build a 60 megawatt-peak floating solar photovoltaic system on Tengeh Reservoir. The
agreement signing followed PUB’s announcement on February 10, 2020 that it has appointed Sembcorp to design, build, own and operate this project. When
fully operational in 2021, this project aims to be a global showcase of operational excellence and safety as Singapore’s largest, as well as one of the world’s
largest, inland floating solar PV systems. The solar power generated will meet the day-to-day energy needs for operations at PUB’s five local waterworks,
including Marina Barrage. This makes Singapore one of the few countries in the world to achieve 100% green waterworks when the project is completed.
Under the agreement, Sembcorp Floating Solar Singapore will deploy over 146,000 solar panels at Tengeh Reservoir in Tuas, covering an area of around 45
football fields. At 60 MWp, the floating solar PV system will generate enough energy to power about 16,000 four-room HDB flats for a year and offset about
32 kilotons of carbon emissions annually – equivalent to taking approximately 7,000 cars off the roads. Utilizing highly efficient PV modules that maximize
solar energy yield, the panels would be installed on corrosion-resistant floats that are certified to be of food-grade quality. Prior to deployment, extensive
studies have been conducted to ensure that the PV modules pose minimal impact to the environment and water quality.
Description
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Engage & Enable
SoCalGas (USA) Partners with The Laundry Truck LA and Landi Renzo USA to Bring Additional
Mobile Laundry Services to Thousands of Homeless Throughout Los Angeles
For any queries, Please write to marketing@itshades.com
43
Southern California Gas Co. announced a $25,000 donation to The Laundry Truck to provide free laundry services and necessities to the homeless
population in Los Angeles, including at the city's 42 coronavirus relief centers. The grant will help fund the purchase and furnishing of a second trailer
to support the community's rising demands for laundry services. Landi Renzo USA, a global leader in alternative fuel technology, will also donate a
truck equipped with the company's Eco Ready™ compressed natural gas system to support TLTLA's efforts. The converted CNG Ford F-250 pickup
truck will help TLTLA expand their reach and lower the organization's current transportation costs by 30 percent. With the donations from SoCalGas
and Landi Renzo, TLTLA is expecting to complete 15,600 loads of laundry in 2020. The Laundry Truck LA is a non-profit organization dedicated to
providing free mobile laundry services for those in need throughout Los Angeles and is one of the first mobile laundry services in the country to serve
the homeless population. Prior to this donation, TLTLA served the community through a trailer furnished with five sets of washers and dryers, a folding
station, and a water heater. Through the help of donations and partnerships, TLTLA is now expanding their operations to further assist the additional six
thousand beds the City of Los Angeles have committed to for the COVID-19 pandemic.
Description
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IT Shades
Engage & Enable
TERNA(Italy): European TSOS Platform Unlocks Flexibility of Consumer-Based
Devices, Electric Vehicles
For any queries, Please write to marketing@itshades.com
44
Europe's biggest Transmission System Operators are collaborating on a new blockchain-based platform, enabling the integration of small and
distributed consumer-based units into the electricity-balancing process. Owners of consumer devices, electric vehicles for example, can earn money
making "flexible" their interaction with the electric grid via an aggregator, affording them an active role in grid-balancing and with that in the entire
energy transition. The new platform, Equigy, will set a new European standard and allow three of Europe's national TSOs - the entities tasked with
transporting energy and balancing supply and demand - to work together to enhance and improve the integration of renewables, providing more
flexibility to mitigate their aleatory effect on grid. Among other initiatives of its kind in Europe, this is seen as the most viable collective approach,
offering standardization, a common approach from TSOs with neutral governance, and the opportunity for scale-up. The system is not exclusive and
can operate in synergy with other balancing schemes and tools. The technology and software will be provided free of charge and will be open source to
encourage the development of secondary applications across the energy value chain. The TSOs are engaging in this activity with no commercial interest
and with the sole aim of getting down entry barriers for distributed energy resources thus supporting the transformation towards a climate-neutral
electricity system.
Description
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Feel free to contact us at marketing@itshades.com for any queries
Miscellaneous
Updates Utilities Industry
Miscellaneous Updates
IT Shades
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Alliant Energy’s (USA) West Riverside Energy Center goes into service
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45
Alliant Energy customers in Wisconsin are now receiving energy from the newly constructed West Riverside Energy Center. The 730-megawatt, highly
efficient, combined-cycle natural gas generating station is located near Beloit, Wisconsin. During construction, more than 1,000 jobs were created and
millions of dollars spent to support Wisconsin businesses. The generating station serves as a 24/7 resource, complementing the company’s growing
number of solar and wind facilities. Because it leverages combined-cycle technology, its power output can adjust up and down quickly to fit with the
intermittent nature of renewable resources. The West Riverside project team included AECOM serving as the Engineering, Procurement and
Construction contractor, many AECOM subcontractors, as well as HDR contributing as the Owner’s Engineer. Facility co-owners include
Adams-Columbia Electric Cooperative, Central Wisconsin Electric Cooperative and Rock Energy Cooperative. Alliant Energy started construction on
the generating station in spring 2017 after receiving approval from the Public Service Commission of Wisconsin. The completed $660 million facility
can produce enough power for more than 550,000 homes. Going forward, it will increase local utility shared revenues by more than $3 million annually.
The next step for the project includes constructing a new, integrated solar facility adjacent to the natural gas generating station. The West Riverside solar
garden is expected to break ground soon with a planned completion by the end of this year, bringing added benefits to customers.
Description
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IT Shades
Engage & Enable
LIQVIS(Germany) opens new LNG filling station in Kassel on the A7
For any queries, Please write to marketing@itshades.com
46
LIQVIS opening of a new Liqvis LNG filling station for trucks in the central German city of Kassel. This is now Liqvis's second permanent LNG
filling station—with the first located in Grünheide near Berlin—and it will replace the mobile station that has been stationed in Kassel up until
now. Liqvis is planning to relocate this now-superfluous mobile filling station from Kassel to Hamm in North Rhine-Westphalia in order to meet
rising demand and to expand the network of LNG refueling stations in the short term. The new station will make refueling faster and more
convenient for customers: Two trucks can now be refueled at the same time, and in the future, this could even be increased to four. The new station
on the A7 freeway between the Kassel-Mitte interchange and the Kassel-Süd triangle (Rudolf-Diesel-Straße 9 in 34123 Lohfelden near Kassel)
was built in just about four months and is now open 24 hours a day. Its prime location in the center of Germany makes the site a hotspot for
long-haul heavy trucks, as previously demonstrated by the high demand for the mobile station. In addition to the two permanent LNG filling
stations already open in Kassel and Grünheide near Berlin, Liqvis is planning further projects in the coming months: An LNG filling station in
Calais, northern France, is already under construction, and further stations in Rosengarten near Hamburg and Langenhagen near Hanover are
currently in the process of being approved.
Description
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I Bytes Utilities

  • 1. IT Shades Engage & Enable I-Bytes Utilities May Edition 2020 Email us - solutions@itshades.com Website : www.itshades.com
  • 2. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries About Us Who We are Aim of this IByte Reasons to talk to us ITShades.com has been founded with singular aim of engaging and enabling the best and brightest of businesses, professionals and students with opportunities, learnings, best practices, collaboration and innovation from IT industry. This document brings together a set of latest data points and publicly available information relevant for Utilities Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely. 1. Publishing of your company’s solutions/ announcements in this document. 2. Subscribe to this and other periodic publications i.e. I-Bytes, Solution Letters from ITShades.com. 3. For placement of your company's click-able logo and advertisements. 4. Feedback for us to improve the content and format of these periodic publications.
  • 3. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Sponsoring Companies for this Edition LOGO 1 LOGO 2 LOGO 3 LOGO 4 LOGO 5
  • 4. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Table of Contents 1. Financial, M & A Updates..................................................................................................................................1 2. Solution Updates................................................................................................................................................19 3. Rewards and Recognition Updates..................................................................................................................24 4. Customer Success Updates................................................................................................................................29 5. Partnership Ecosystem Updates.......................................................................................................................33 6. Miscellaneous Updates......................................................................................................................................45
  • 5. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Financial, M & A Updates Utilities Industry
  • 6. Financial, M&A Updates IT Shades Engage & Enable Alliant Energy (USA) Announces First Quarter 2020 Results • Alliant Energy’s Utilities and Alliant Energy Corporate Services, Inc. generated $0.72 per share of GAAP EPS in the first quarter of 2020, which was $0.20 per share higher than the first quarter of 2019. • First quarter 2020 EPS was not significantly impacted as a result of COVID-19. • Alliant Energy’s Non-utility and Parent operations generated ($0.05) per share of GAAP EPS in the first quarter of 2020, which was a per share earnings decrease compared to the first quarter of 2019. • The primary driver of lower EPS was a $0.02 per share credit loss charge related to legacy guarantees associated with an affiliate of Whiting Petroleum Corporation. • Earnings Adjustments - Non-GAAP EPS for the three months ended March 31, 2020 excludes charges of $0.02 per share related to the credit loss charge described above for Alliant Energy’s Non-utility and Parent. • Non-GAAP adjustments, which relate to material charges or income that are not normally associated with ongoing operations, are provided as a supplement to results reported in accordance with GAAP. • IPL recognized $0.12 per share increase in the first quarter of 2020 due to the higher revenue requirements from increasing rate base. • Alliant Energy estimates an increase in the credit risk exposure related to the guarantees and has recognized a $0.02 per share charge for the additional expected credit loss in the first quarter of 2020. Executive Commentary “In this uncertain environment of the global COVID-19 pandemic, our company continues to focus on providing the critical, reliable service our customers depend on, while emphasizing the health and welfare of our employees, customers and communities, said Alliant Energy Chairman, President and CEO. Based upon our forecasted impacts of COVID-19, and planned mitigation measures, we are reaffirming 2020 earnings guidance of $2.34 to $2.48 per share.” For any queries, Please write to marketing@itshades.com 1 Key Financial Highlights
  • 7. Financial, M&A Updates IT Shades Engage & Enable Ameren (USA) Announces First Quarter 2020 Results Highlights • Ameren Missouri first quarter 2020 loss was $(10) million, compared to first quarter 2019 earnings of $39 million. • Ameren Illinois Electric Distribution first quarter 2020 earnings were $37 million, compared to first quarter 2019 earnings of $36 million. The year-over-year comparison reflected increased earnings on infrastructure investments offset by a lower allowed return on equity due to a lower projected average 30-year U.S. Treasury bond yield in 2020 compared to 2019. • Ameren Illinois Natural Gas first quarter 2020 earnings were $55 million, compared to first quarter 2019 earnings of $57 million. • Ameren affirmed its 2020 earnings guidance range of $3.40 to $3.60 per diluted share. Ameren also affirmed its 2020 through 2024 compound annual diluted earnings per share growth expectations of 6% to 8%, using the 2020 guidance range midpoint of $3.50 per share as the base. • Ameren's expected multi-year earnings growth is expected to be driven by strong projected rate base growth of approximately 9% compounded annually from 2019 through 2024. Executive Commentary "We are managing through an unprecedented time in our country's and company's history due to COVID-19. During this period, we have been relentlessly focused on the safety of our co-workers, customers and communities, as well as delivering safe, reliable and affordable electric and natural gas services. We recognize that being part of our country's critical infrastructure, our customers and communities are depending on us, said Chairman, president and chief executive officer of Ameren Corporation. While COVID-19 is presenting certain financial challenges, we have taken several actions expected to mitigate these issues. As a result, we remain on track to deliver within our 2020 earnings per share guidance range of $3.40 to $3.60." For any queries, Please write to marketing@itshades.com 2 Key Financial Highlights
  • 8. Financial, M&A Updates IT Shades Engage & Enable CenterPoint Energy (USA) Reports First Quarter 2020 Highlights • Reported a loss available to common shareholders of $1,228 million, or loss of $2.44 per diluted share, for the first quarter of 2020, compared to income available to common shareholders of $140 million, or $0.28 per diluted share, for the first quarter of 2019. • The company recognized $1,568 million of after-tax non-cash impairment charges and losses on assets held for sale in the first quarter of 2020, which are discussed in detail below. • On a guidance basis, first quarter 2020 earnings were $0.50 per diluted share from utility operations and $0.10 per diluted share from midstream investments, excluding non-cash impairment charges. • First quarter 2019 earnings, on a guidance basis, were $0.41 per diluted share from utility operations and $0.05 per diluted share from midstream investments. • The 2020 Midstream Investments EPS expected range is $0.15 - $0.18. • Reiterate 2020 guidance basis Utility EPS range of $1.10 - $1.20 Executive Commentary “During these unprecedented times, I am proud of the tremendous efforts our employees are making every day to continue providing safe and reliable electricity and natural gas to our customers, said Interim president and chief executive officer of CenterPoint Energy. I would like to extend a special thank you to our operations personnel who are on the front lines keeping the electricity on and the natural gas flowing during a time when our customers need them most. Despite the challenges created by the COVID-19 pandemic and less-than-favorable weather, I am pleased to report that CenterPoint Energy delivered strong first quarter results driven by customer growth, rate relief, disciplined cost management and favorable tax benefits." For any queries, Please write to marketing@itshades.com 3 Key Financial Highlights
  • 9. Financial, M&A Updates IT Shades Engage & Enable DTE Energy (USA) reports first quarter 2020 results Highlights • First quarter 2020 earnings of $340 million, or $1.76 per diluted share, compared with $401 million, or $2.19 per diluted share in 2019. • Operating earnings for the first quarter 2020 were $320 million, or $1.66 per diluted share, compared with 2019 operating earnings of $374 million, or $2.05 per diluted share. • Operating earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. Reconciliations of reported earnings to operating earnings are included at the end of this news release. • DTE Energy reaffirms 2020 operating EPS guidance of $6.47 - $6.75. Executive Commentary “DTE has a proud heritage of rallying at the toughest of times. Whether we’re dealing with catastrophic storms or economic crisis, in every case, we’ve emerged a better, stronger company. There is no doubt that the work required of us today will set us up for another successful decade,” said DTE Energy president and CEO. For any queries, Please write to marketing@itshades.com 4 Key Financial Highlights
  • 10. Financial, M&A Updates IT Shades Engage & Enable Edison International (USA) Reports First Quarter 2020 Results Highlights • Edison International reported first quarter 2020 net income of $183 million, or $0.50 per share, compared to net income of $278 million, or $0.85 per share, in the first quarter 2019. • Adjusted, first quarter 2020 core earnings were $228 million, or $0.63 per share, compared to core earnings of $206 million, or $0.63 per share, in the first quarter 2019. • Southern California Edison's first quarter 2020 net income of $219 million, or $0.60 per share, was lower compared to net income of $293 million, or $0.90 per share, in the first quarter 2019. • SCE's first quarter 2020 earnings per share (EPS) decreased by $0.30 from the prior year period, consisting of $0.04 of higher core EPS and $0.34 of higher non-core loss per share. • SCE's higher non-core loss per share was mainly attributable to the absence of $69 million, or $0.21 per share, of income tax benefits recorded in the first quarter 2019 related to changes in the allocation of deferred tax re-measurement between customers and shareholders as a result of a CPUC resolution, and an after-tax expense recorded in 2020 of $60 million, or $0.17 per share, from the amortization of SCE's contributions to the Wildfire Insurance Fund. • Edison International Parent and Other's first quarter 2020 net loss of $36 million, or $0.10 loss per share, was higher than a net loss of $15 million, or $0.05 loss per share, reported in the first quarter 2019. • Edison International Parent and Other’s first quarter 2020 loss per share increased by $0.05 compared to first quarter 2019, consisting of $0.04 of higher core loss per share and $0.01 of higher non-core loss per share. Executive Commentary “Edison International remains focused on supporting our customers and our communities impacted by COVID-19. We also are focused on ensuring the safety and health of our employees and providing them with the resources necessary to maintain critical operations, said President and chief executive officer of Edison International. We continue to perform critical work related to public safety and reliability, while deferring non-critical outages when our communities are staying at home. Additionally, SCE continues to make significant progress to mitigate wildfire risk through hardening infrastructure, bolstering situational awareness capabilities and enhancing operational practices, while implementing enhanced data analytics and technology. We are executing these programs as expeditiously as possible as they are critical to ensuring the safety of our communities and are viewed as essential by the State.” For any queries, Please write to marketing@itshades.com 5 Key Financial Highlights
  • 11. Financial, M&A Updates IT Shades Engage & Enable Exelon (USA) Reports First Quarter 2020 Results Highlights • Exelon's GAAP Net Income for the first quarter of 2020 decreased to $0.60 per share from $0.93 per share in the first quarter of 2019. • Adjusted Operating Earnings remained consistent at $0.87 per share in both the first quarter of 2020 and 2019. • For the reconciliations of GAAP Net Income to Adjusted Operating Earnings • ComEd's first quarter of 2020 GAAP Net Income and Adjusted Operating Earnings increased to $168 million from $157 million in the first quarter of 2019 • Generations’ nuclear fleet capacity factor was 93.9% for the quarter, ahead of the industry average of 91% • PECO’s first quarter of 2020 GAAP Net Income decreased to $140 million from $168 million in the first quarter of 2019. PECO’s Adjusted Operating Earnings for the first quarter of 2020 decreased to $140 million from $169 million in the first quarter of 2019 • BGE’s first quarter of 2020 GAAP Net Income increased to $181 million from $160 million in the first quarter of 2019. BGE’s Adjusted (non-GAAP) Operating Earnings for the first quarter of 2020 increased to $182 million from $161 million compared with the first quarter of 2019 • Generation's first quarter of 2020 GAAP Net Income decreased to $45 million from $363 million in the first quarter of 2019. Generation’s Adjusted (non-GAAP) Operating Earnings for the first quarter of 2020 increased to $312 million from $294 million in the first quarter of 2019 Executive Commentary “We had another strong quarter, with each of our utilities achieving high reliability performance and our nuclear generation fleet completing seven of eight refuelling outages - nearly all ahead of schedule, said President and CEO of Exelon. The consistent performance of our frontline employees in providing safe and reliable service has never been more evident as our communities confront the global pandemic and the devastating disruption to our economy. In recognition of these extraordinary circumstances, we are working to support customers experiencing financial hardship by waiving new late charges, suspending disconnections and reconnecting those who were disconnected previously. We remain on track to invest $26 billion across all our utilities to further improve reliability and customer service, and we have contributed more than $5.9 million to national and local relief organizations to provide immediate relief to communities affected by COVID-19.” For any queries, Please write to marketing@itshades.com 6 Key Financial Highlights
  • 12. Financial, M&A Updates IT Shades Engage & Enable FirstEnergy (USA) Announces First Quarter 2020 Financial Results • Reported first quarter 2020 GAAP earnings of $74 million, or $0.14 per basic and diluted share of common stock, on revenue of $2.7 billion, including a non-cash mark-to-market adjustment on the company's pension and other post-employment benefit plans. • In the first quarter of 2019, FirstEnergy reported GAAP earnings of $315 million, or $0.59 per basic and diluted share of common stock, on revenue of $2.9 billion. • Operating earnings* for the first quarter of 2020 were $0.66 per share, above the midpoint of the company's earnings guidance. In the first quarter of 2019, operating earnings were $0.67 per share. • For the second quarter of 2020, FirstEnergy is providing a GAAP and operating (non-GAAP) forecast range of $260 million to $315 million, or $0.48 to $0.58 per share based on 542 million shares outstanding. • For 2020, FirstEnergy is updating its full-year GAAP earnings forecast range to $1.02 billion to $1.13 billion, or $1.88 to $2.08 per share, based on 542 million shares. • The company is affirming its full-year operating (non-GAAP) guidance of $2.40 to $2.60 per share. • FirstEnergy is also affirming its long-term growth rate projections. The company remains on track to achieve 6% to 8% compound annual operating earnings growth from 2018 to 2021, as well as its extended CAGR of 5% to 7% through 2023. Executive Commentary "During this global health crisis, we continue working to provide the safe, reliable energy our customers and communities need, while taking extra steps to keep our employees healthy on the job, said FirstEnergy president and chief executive officer. While the broad, long-term implications on our economy are still being understood, FirstEnergy is uniquely well-positioned to navigate this environment, and we expect to continue meeting our commitments to our stakeholders." For any queries, Please write to marketing@itshades.com 7 Key Financial Highlights
  • 13. Financial, M&A Updates IT Shades Engage & Enable Fortum Corporation (Finland): January-March 2020 Interim Report Highlights • Comparable EBITDA was EUR 543 (545) million • Comparable operating profit was EUR 393 (408) million, -4% • Operating profit was EUR 592 (358) million, +65%, impacted by the EUR 431 million sales gain from the Joensuu divestment and a one-time, non-cash income statement impact of EUR -222 million from Uniper becoming Fortum’s subsidiary • Share of profits of associates and joint ventures was EUR 479 (111) million, mainly related to Fortum’s share of Uniper’s profits, including Fortum’s share of Uniper’s fourth-quarter 2019 profits of EUR 162 (49) million and first-quarter 2020 profits of EUR 307 (-) million • Earnings per share were EUR 1.05 (0.38), of which EUR 0.22 (0.04) related to items affecting comparability and EUR 0.53 (0.06) to Uniper • Cash flow from operating activities totalled EUR 1,114 (751) million • No major immediate effects from Covid-19 on Fortum’s business • Fortum finalised the divestment of its district heating and cooling business in Joensuu, Finland, for approximately EUR 530 million Executive Commentary Fortum’s President and CEO, “The market environment during the first quarter was volatile and challenging. Already in December 2019, the Nordic hydrology turned clearly wetter and the same trend continued to depress prices substantially in the beginning of 2020. In March, the ‘price war’ on oil and the Covid-19 pandemic shocked the market. This put further downward pressure on the already depressed commodities and Nordic power prices. Even though several countries are slowly easing the restrictions put in place to limit the spreading of the virus, it is still impossible to determine the long-term economic effects of the pandemic.” For any queries, Please write to marketing@itshades.com 8 Key Financial Highlights
  • 14. Financial, M&A Updates IT Shades Engage & Enable Hydro One (Canada) Reports First Quarter Results First Quarter Highlights • First quarter earnings per share (EPS) was $0.38 and adjusted EPS was $0.38, compared to $0.29 and $0.52, respectively, for the same period in 2019. • Hydro One implemented several safety measures and operational changes to ensure employee and customer safety during the COVID-19 pandemic. • Hydro One took steps to assist customers affected by COVID-19 including: creating a Pandemic Relief Fund, extending its Winter Relief program, suspending late fees for all customers, and returning approximately $5 million in security deposits to eligible business customers. • The Company received a regulatory decision regarding its 2020-2022 transmission rate application from the OEB. • The Company received the approval of the OEB to proceed with the Orillia Power Distribution Corporation and Peterborough Distribution Inc. acquisitions. • Demonstrating its financial stability and flexibility, Hydro One Inc. successfully issued $1.1 billion of long-term debt at competitive rates. • Ongoing productivity savings of approximately $45 million represent a 29.9% increase year-over-year compared to the first quarter of 2019. • Improved reliability in the transmission segment with an approximate 31% reduction in System Average Interruption Duration Index (SAIDI) in comparison to the first quarter of 2019. • Hydro One and Ontario Power Generation Inc. launched the Ivy Charging Network, a new partnership that will create Ontario's largest and most connected electric vehicle fast-charger network. • Quarterly dividend declared at $0.2536 per share, payable June 30, 2020. Executive Commentary "Ontarians are counting on us now more than ever as we collectively fight the COVID-19 pandemic. As an essential service, we recognize the critical role we have in energizing life for families, businesses and communities, said President and CEO, Hydro One. Building on our strong foundation, stable financials and focus on operational excellence, we will continue to meet the needs of our customers and communities now and into the future." For any queries, Please write to marketing@itshades.com 9 Key Financial Highlights
  • 15. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Hydro One (Canada) receives regulatory approval for acquisition of Orillia Power Distribution Corporation and Peterborough Distribution Inc. Hydro One Limited announced today that the Ontario Energy Board has approved the applications for the acquisitions of Ontario-based utilities Orillia Power Distribution Corporation from the City of Orillia, and the business and distribution assets of Peterborough Distribution Inc., from the City of Peterborough. Hydro One announced that it had agreed to acquire 100 per cent of OPDC for $26.35 million and assume approximately $14.9 million of debt and regulatory liabilities for a total transaction value of $41.3 million. OPDC serves approximately 14,000 customers in Central Ontario. The deal is expected to close in the coming months. Construction has started on Hydro One's new grid control centre in Orillia, which will be home to 150-250 highly skilled employees working to ensure electricity is moving safely across the province to Hydro One's 1.4 million residential and business customers. Once the OPDC transaction deal has closed, Hydro One anticipates making additional investments in the Orillia community, such as the development of a new provincial warehouse and regional operations centre. As part of the agreement, base distribution charges for OPDC customers will be reduced by one per cent and frozen for five years, followed by increases at or near inflation for years 6-10. Executive Commentary "We look forward to welcoming our new customers and employees to the Hydro One family, said President and CEO, Hydro One Limited. These strong partnerships will energize life in the City of Orillia and the City of Peterborough for years to come through our continued investment in exceptional customer service, safe and efficient operations, and community initiatives. We would like to thank Mayor Clarke and Mayor Therrien, Orillia and Peterborough City Councils, and the OPDC and PDI teams for their dedication and partnership." For any queries, Please write to marketing@itshades.com Description 10
  • 16. Lore Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Iberdrola (Spain) acquires the French renewable energy company Aalto Power for 100 million euros Iberdrola has signed an agreement for the acquisition of the French renewable energy company Aalto Power External link, opens in a new window., owned by Aiolos and Caisse des Dépôts et Consignations, for 100 million euros. The company led by Ignacio Galán, who will make a record investment of 10,000 million this year, thus leads one of the first corporate operations in the European market since the start of the health crisis. Founded in 2005 and based in Marseille, Aalto Power already has 118 megawatts of onshore wind power operating in France and has a portfolio of onshore wind projects in that country, adding another 636 MW, which are in different stages of development. The operation is part of Iberdrola's commitment to strengthen its presence and growth in renewable energy in France. In fact, the purchase of Aalto Power will not only provide Iberdrola with the first operating megawatts on French soil, but will also reinforce its plans in the area of renewable generation, thanks to the projects the company has and its team of professionals, with experience in developing this type of infrastructure. Iberdrola is already promoting the Saint-Brieuc offshore wind farm in France, of which it acquired 100% of the capital last March and which will involve an investment of approximately 2.5 billion euros. The 496 MW of power of this complex, which will begin construction in 2021, will come into operation in 2023, generating enough clean energy to satisfy the electricity consumption of some 835,000 people. For any queries, Please write to marketing@itshades.com Description 11
  • 17. Financial, M&A Updates IT Shades Engage & Enable NRG Energy, Inc. (USA) Reports First Quarter 2020 Results Highlights • Income from continuing operations of $121 million, or $0.49 per diluted common share • Adjusted EBITDA for the first quarter of $349 million, cash flow from operations of $208 million • Free cash flow before growth of $167 million. • Texas: First quarter Adjusted EBITDA was $195 million, $16 million higher than first quarter of 2019, driven by the acquisition of Stream Energy, higher revenues from margin enhancement activities, lower supply costs; partially offset by higher operating costs driven by STP nuclear refueling outage in the first quarter of 2020 and emission credit sales in 2019. • East: First quarter Adjusted EBITDA was $90 million, $54 million lower than first quarter of 2019, due to the write-down of oil inventory in 2020 ($29 million), gain on settlement of Midwest Generation asbestos liability in 2019 ($27 million) and lower capacity revenues; partially offset by lower operations costs due to lower generation. • West/Other: First quarter Adjusted EBITDA was $64 million, $54 million higher than first quarter of 2019, driven by higher margin from Sunrise facility due to improved availability in 2020 and outage insurance proceeds. • Overall liquidity as of the end of the first quarter 2020 was $197 million lower than at the end of 2019 driven by the increase in dividends and share repurchases. Executive Commentary “Our platform performed well during the first quarter, demonstrating resiliency and stability amid the COVID-19 pandemic, said NRG President and Chief Executive Officer. We are prepared for the upcoming summer and remain focused on protecting employee safety and well-being while maintaining safe and reliable operations and customer service during this period of volatility.” For any queries, Please write to marketing@itshades.com 12 Key Financial Highlights
  • 18. Financial, M&A Updates IT Shades Engage & Enable Republic Services, Inc. (USA) Reports Strong First Quarter 2020 Results First-Quarter Highlights: • EPS was $0.77 per share. Adjusted EPS, a non-GAAP measure, was $0.77 per share, an increase of 5 percent over the prior year. • Cash provided by operating activities was $570 million, an increase of 3 percent versus the prior year. • Adjusted free cash flow, a non-GAAP measure, was $267 million, which decreased versus the prior year primarily due to the timing of capital expenditures and cash taxes. • Cash flow invested in acquisitions was $63 million. The annual revenue acquired was approximately $30 million. • Total cash returned to shareholders through dividends and share repurchases was $228 million. • Republic had $1.9 billion of available liquidity, including $1.6 billion of available borrowing capacity under its credit facilities and $282 million of cash. • Core price increased revenue by 5.2 percent, and average yield was 2.9 percent. • Adjusted EBITDA, a non-GAAP measure, was $723 million and adjusted EBITDA margin was 28.3 percent of revenue, consistent with the prior year. • The Company now has approximately $815 million in annual revenue, or 33 percent of its approximately $2.5 billion CPI-based book of business, tied to either a waste-related index or a fixed-rate increase of 3 percent or greater. • The Company's average recycled commodity price per ton sold in the first quarter was $76. • Republic was named to the elite 2020 World's Most Ethical Companies List® by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. • The Company launched its $20 million "Committed to Serve" initiative. Executive Commentary "In all my time at Republic Services, I've never been prouder to be a part of the Republic team. Our 36,000 employees remain committed to operating safely and efficiently while continuing to provide consistent, reliable service to our customers during these unprecedented times, said Chief executive officer. Over the years, we've made several key investments, including developing standardized processes and procedures, implementing innovative technology to enhance employee safety and efficiency, consolidating our customer service operations and building world-class procurement and business continuity functions. These investments are yielding strong returns and enabling us to quickly adapt and adjust our business to align with today's dynamic market conditions. We have built a strong foundation and resilient business, which positions us well to manage through this crisis and come out of it stronger than ever." For any queries, Please write to marketing@itshades.com 13 Key Financial Highlights
  • 19. Financial, M&A Updates IT Shades Engage & Enable RUSHYDRO (Russia) announces first quarter 2020 RAS results Key highlights: • EBITDA – RUB 24,358 Mn; • Reported net profit – RUB 14,315 Mn; • Since July 1st 2017, a surcharge to capacity prices in 1st and 2nd price zones in order to attain base level of end-user tariffs in the Far East of Russia is reflected in PJSC RusHydro’s revenue and operating expenses. In 1Q20, the surcharge totaled RUB 10,264 Mn, in the 1Q19 RUB 8,748 Mn; Adjusted for the surcharge revenue and expenses were: • Revenue – RUB 34,653 Mn; • Operating expenses – RUB 14,684 Mn. • EBITDA in the first quarter of 2020 increased by 25% to RUB 24,358 from RUB 19,440 in 1Q’19. • total liabilities increased by 5% or RUB 10,999 Mn as compared to the similar figure as of December 31, 2019 and amounted to RUB 223,224 Mn. • The Company's debt portfolio increased by 2% as compared to the beginning of the reporting year and reached RUB 147,041 Mn. Long-term loans comprise 71% of the total portfolio. • The Company's equity in the first quarter of 2020 increased by 2% to RUB 866,285 Mn against RUB 851,970 Mn as of the beginning of the reporting year. For any queries, Please write to marketing@itshades.com 14 Key Financial Highlights
  • 20. Financial, M&A Updates IT Shades Engage & Enable UGI (USA) Reports Second Quarter Results Headlines • Q2 GAAP EPS of $1.07 and adjusted EPS of $1.56 per diluted share compared to GAAP EPS of $1.38 and adjusted EPS of $1.43 per diluted share in the prior-year period. • Year-to-date GAAP EPS of $2.08 and adjusted EPS of $2.73 per diluted share represent a 20% increase in GAAP EPS and a 22% increase in adjusted EPS compared to the prior year. • Q2 Reportable segments earnings before interest expense and income taxes of $527.4 million compared to $550.5 million in the prior-year period. • Significantly warmer-than-normal weather in all of UGI's service territories. • On April 21, 2020, UGI's Board of Directors approved an increase to its quarterly dividend to $0.33 per share marking the 33rd consecutive year of annual dividend increases. • As of March 31, 2020, UGI Corporation had available liquidity of $1.2 billion. • Decreased capital expenditures guidance to $730 million from $850 million for fiscal 2020 as a result of delays related to COVID-19. These projects are expected to be executed in fiscal 2021. The updated timing of the projects supports free cash flow in fiscal 2020. • Updated fiscal year 2020 adjusted EPS guidance to a range of $2.45 - $2.55 per share prior to the COVID-19 impact, and anticipate that the pandemic could negatively impact earnings by an additional $0.20 - $0.30 per share. Executive Commentary "As we announce our second quarter results, our employees, customers, communities and the world continue to address the major impacts of the COVID-19 pandemic, said President and Chief Executive Officer of UGI Corporation. We continue to serve our customers, prioritize the safety of our employees and customers, and support the communities we serve. UGI's businesses have contributed time and resources to support front line workers and community-based agencies providing critical services to our local communities. UGI has adapted its work practices to ensure we do our part to limit the spread of the virus and we remain committed to being a trusted partner for all of our stakeholders.” For any queries, Please write to marketing@itshades.com 15 Key Financial Highlights
  • 21. Financial, M&A Updates IT Shades Engage & Enable VISTRA (USA) Reports First Quarter 2020 Results Financial Highlights • Vistra reported Net Income from Ongoing Operations 1 of $62 million and Ongoing Operations Adjusted EBITDA 1 of $850 million. • Vistra's first quarter Adjusted EBITDA was $26 million 2 higher than first quarter 2019 results • Ongoing Operations Adjusted EBITDA 1 results were $26 million 2 better than first quarter 2019 primarily driven by the acquisitions of Ambit Energy and Crius Energy. • Reaffirmed 2020 Ongoing Operations Adjusted EBITDA and Ongoing Operations Adjusted FCFbG guidance ranges of $3,285 to $3,585 million 1 and $2,160 to $2,460 million, 1,3 respectively. • Vistra's guidance reaffirmation reflects its meaningful hedge position and its attractive retail customer mix, thereby minimizing the current and potential negative impacts of COVID-19 including lower business demand for electricity, lower power prices and volumes in 2020 reflecting this decreased demand, and anticipated increased bad debt in the Retail segment. • Paid a quarterly dividend of $0.135 per share on March 31, 2020, to shareholders of record as of March 17, 2020, and announced the second quarter dividend of $0.135 per share payable on June 30, 2020, to shareholders of record as of June 16, 2020, or $0.54 per share on an annualized basis. • This dividend represents an 8% increase from the company's quarterly common stock dividend paid in 2019. • Announced it is on track to achieve nearly $700 million of the projected ~$760 million of Dynegy For any queries, Please write to marketing@itshades.com 16 Key Financial Highlights
  • 22. Financial, M&A Updates IT Shades Engage & Enable Waste Connections (Canada) Reports First Quarter 2020 Results Highlights • Revenue of $1.352 billion, up 8.7% • Reports 5.2% price + volume growth • Net income attributable to Waste Connections of $143.0 million, or $0.54 per share • Adjusted net income attributable to Waste Connections* of $170.6 million, or $0.65 per share • Adjusted EBITDA* of $408.5 million, or 30.2% of revenue • Net cash provided by operating activities of $369.6 million • Adjusted free cash flow* of $235.7 million, or 17.4% of revenue • Encouraged by improving solid waste trends Executive Commentary "We couldn't be any prouder of our Company's preparedness for and execution during this pandemic, which should leave us well-positioned when we emerge from it. An extremely strong start to the year, which had put us firmly on track to exceed our outlook, was interrupted in March by measures taken across the U.S. and Canada to limit or control the spread of COVID-19. In spite of the resulting significant slowdown in economic activity and impact to revenue, we exceeded our first quarter outlook for adjusted EBITDA* and delivered adjusted free cash flow* of $235.7 million, or 17.4% of revenue and 57.7% of adjusted EBITDA, while also shifting our focus to one of preparedness," said President and CEO. For any queries, Please write to marketing@itshades.com 17 Key Financial Highlights
  • 23. Lorem ipsum dolor sit amet, consec- tetuer Financial, M&A Updates IT Shades Engage & Enable Iberdrola (Spain) buys two onshore wind projects in Scotland from 3R Energy and Mitchell Energy, which will involve an investment of almost 190 million euros Iberdrola has closed the purchase of two onshore wind projects in Scotland, which add 165 megawatts of capacity and whose development will involve an investment of around 190 million euros, to some local individual shareholders of 3R Energy and to the company Mitchell Energy. The two renewable developments acquired by lberdrola are located in the county of South Lanarkshire, some 35 kilometers south of Glasgow. On the one hand, it has been done with a project that includes the construction of a 100 MW wind farm: 20 turbines of 5 megawatts (5 MW) of unit capacity and a maximum height of 200 meters. On the other hand, the company will be able to repower the first non-experimental wind farm developed in Scotland 25 years ago. After this process, the installation, which currently has 42 MW of installed power, will have 65 MW. Thanks to this transaction, Iberdrola's subsidiary in the United Kingdom, Scottish Power, will be able to develop its third largest wind complex in the country, with 220 MW of capacity, given that, to the 165 MW now acquired, it will add 55 MW from another neighboring park that it was already promoting and is now reactivating. This enclave, whose development will require a global investment of some 250 million euros, will be able to supply green energy to almost 135,000 homes. The company led by Ignacio Galán, who will make a record investment of 10,000 million this year to boost the green recovery, thus leads its third corporate operation since the start of the health crisis. Executive Commentary As a result of this purchase, Chairmen and CEO pointed out that, “As we overcome the coronavirus crisis, investment in clean infrastructures, which creates jobs and whose delivery times are short, offers immediate economic and environmental benefits, which will allow us to support the UK recovery at this critical time. Likewise, the president of Iberdrola has commented that, globally, it is essential that the recovery be in line with climate objectives. As today's announcement shows, companies like ours remain committed to clean energy investments that foster quality employment and drive the energy transition. " For any queries, Please write to marketing@itshades.com Description 18
  • 24. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Solutions Updates Utilities Industry
  • 25. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable DTE Energy (USA) launches new Personalized Service Protection program to help customers impacted by COVID-19 protect their energy service For any queries, Please write to marketing@itshades.com 19 Solution Description DTE Energy launched a new Personalized Service Protection program to help customers experiencing financial hardship due to COVID-19. The plan is available immediately and helps ensure impacted customers can retain the energy service they need during this ongoing, unprecedented crisis. The newly launched plan is the latest in a series of steps DTE has taken to help its customers and communities through the COVID-19 crisis. Other actions include: • Extending coverage for customers enrolled in its low income and senior shutoff protection programs • Extending its 30-day medical hold policy to help low-income customers who are physically exposed, infected or quarantined by the COVID-19 virus (including influenza) • Providing business customers with guidance on resources available to them through state and federal agencies via its COVID-19 business support site • Providing energy efficiency guidance to customers spending more time at home, with easy, low- or no-cost steps that can immediately reduce usage and costs • Encouraging customers to download the free DTE Insight app which helps monitor energy use and take actions to reduce usage, and thereby lower bills • Stressing the benefits of its safe and convenient ways to manage accounts – such as eBill, AutoPay, mobile payment and other programs
  • 26. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Enel (Italy) launches internal crowdfunding campaign for solidarity initiatives aimed at the third sector For any queries, Please write to marketing@itshades.com 20 Solution Description Enel launched an internal crowdfunding campaign, together with all of the Enel Group’s top managers, through which they will allocate part of their remuneration to solidarity initiatives. The funds collected will be disbursed in favor of third sector associations that are particularly active in helping the people most affected by the social emergency caused by COVID-19. The Group's non-profit organization, Enel Cuore, will participate in this campaign and match the funds collected by top managers, hence doubling the amount.
  • 27. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable FirstEnergy (USA) Deploys Internal Avian App to Streamline Bird Protection Efforts For any queries, Please write to marketing@itshades.com 21 Solution Description FirstEnergy Corp. has deployed an app that allows utility personnel to report avian issues in real time, streamlining the process to protect nesting birds and enhance electric service reliability. The app arms field workers with the ability to submit photos and answer key questions using a drop-down menu to report the locations of bird nests or other bird-related issues along the company's power lines, all from their mobile devices. Protecting birds is nothing new to FirstEnergy. Over the past two years, the company has made great strides enhancing its avian protection efforts, including the implementation of drones to complete bird nest inspections and donation of funds and materials to install nesting platforms in areas where birds nest on electrical equipment. These ongoing efforts continue to help reduce power outages caused by nesting birds. The app – which was designed exclusively for FirstEnergy by an outside environmental firm – was recently rolled out by FirstEnergy's two electric companies with the highest level of bird activity, the Pennsylvania Power Company and Jersey Central Power and Light. FirstEnergy plans to launch the app across its entire service area over the next year as more employees are trained to use it. Disturbing or removing bird nests from electrical equipment and utility poles can be a complicated task due to environmental regulations. If a nest is situated on or near electrical equipment and poses a serious threat to the birds' safety and electric service reliability, FirstEnergy's environmental team works with state wildlife officials to develop a plan or course of action to remove or relocate the nests while protecting the birds.
  • 28. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable GUODIAN Power (China) introduced "four colors and two votes" to promote digital risk management For any queries, Please write to marketing@itshades.com 22 Solution Description Guodian Power launched the pilot of two-vote digital risk management and control, in-depth use of the results of the risk pre-control database, the introduction of "four-color two-vote", a comprehensive upgrade of thermal power and hydropower enterprise work ticket and operation ticket management standards, to achieve risk management and work Deep integration of ticket and operation ticket, strengthen safety management by means of digital risk management and control, improve the safety management and control capabilities of production personnel, and promote the implementation of risk management and control. Since this year, the company has fully implemented the group company's "one prevention and three guarantees" work requirements and "risk management and control year" work deployment, with the goal of building a world-class listed energy company with global competitiveness, and vigorously implement smart enterprises and intrinsically safe Enterprise construction, increase the intensity of digitalization and intelligent transformation of traditional power companies. Guodian Power implemented the pilot of “Four Colors and Two Votes”, focusing on the deep integration of risk management and control with the digitization of work and operation tickets, and on the basis of strict implementation of rules and regulations, the risk identification data and pre-control parameters of personnel, equipment, facilities and operating environment Incorporate work tickets, and upgrade risk management and control standards in operation tickets.
  • 29. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nib Solution Updates IT Shades Engage & Enable Hydro One (Canada) launches new online outage reporting For any queries, Please write to marketing@itshades.com 23 Solution Description Hydro One announced its customers can now report power outages online as part of the company's continued commitment to enhance its' customers experience through new and innovative services and tools. Hydro One continuously looks at ways to improve its customers' outage experience including receiving information when it's needed most. The ability to report an outage online complements the company's existing outage tools, which give customers options on how they want to receive updates and other personalized features. These tools include the company's outage map and mobile app, and proactive text or e-mail alerts. Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with approximately 1.4 million valued customers, approximately $27.1 billion in assets as at December 31, 2019, and annual revenues in 2019 of approximately $6.5 billion. Their team of approximately 8,800 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2019, Hydro One invested approximately $1.7 billion in its transmission and distribution networks and supported the economy through buying approximately $1.5 billion of goods and services.
  • 30. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Rewards & Recognition Updates Utilities Industry
  • 31. R & R Updates IT Shades Engage & Enable TERNA (Italy) And Digital Magics Launch the First Digital Call for Innovation: "I4g - Innovation for The Grid" For any queries, Please write to marketing@itshades.com 24 Terna , the company that manages the Italian electricity grid, launches the I4G - Innovation For the Grid Call for Innovation, with support from Digital Magics , a business incubator listed on AIM Italia of Borsa Italiana, in a digital format for the first time ever, aimed at startups and innovative SMEs that provide solutions capable of contributing to the digitalization and increased resilience of the Italian transmission grid. Given the health emergency that has taken hold throughout Italy, this is a crucial time for companies to rethink and reformulate their models in order to develop ideas, innovative initiatives and new forms of interaction and comparison through the use of digital tools: based on this premise , I4G will be the first Terna Call For Innovation to take place in an entirely digital way. This new Call is focused on the search for solutions to enhance and improve the IoT monitoring grid that Terna is installing on various assets within the Italian high-voltage electricity system, and aims to identify advanced analytics algorithms and develop specialized sensor technology for power lines capable of integrating with their own monitoring grid, thus further enhancing and improving it. The technological development plan Terna aims to launch involves a new strategy to use the electricity infrastructure as an integrated environmental monitoring system, using innovative digital tools located on pylons, fiber-optic networks and IoT technology. This "alternative" use of the grid, focused on new services for the local area and for the population, offers intrinsic economic and environmental sustainability as it is founded on the use of a single infrastructure for multiple purposes, reducing land use. Application of innovative monitoring technologies located on grid infrastructures also promotes social sustainability, allowing local administrations and innovative businesses to provide services within an interconnected system. R&R Description
  • 32. R & R Updates IT Shades Engage & Enable Alliant Energy (USA) earns Tree Line USA recognition from Arbor Day Foundation For any queries, Please write to marketing@itshades.com 25 The Arbor Day Foundation has named Alliant Energy a 2020 Tree Line USA award recipient in honor of its commitment to protecting and enhancing urban trees. This is the 22nd year Alliant Energy has received distinction from Tree Line USA, a partnership between the Arbor Day Foundation and the National Association of State Foresters that recognizes utilities for their efforts. Alliant Energy preserves the quality and health of trees with proper trimming, pruning, planting, care and underground utility construction. Employees are trained annually in best tree-care practices. Alliant Energy and Trees Forever have partnered to plant more than 1.6 million trees and seedlings throughout communities in Iowa since 1989. The Branching Out program encourages energy efficiency, environmental awareness and community stewardship while funding and implementing tree-planting projects, including 39 such projects in 2019. The Alliant Energy Foundation is supporting Trees Forever’s Growing Futures program this year. This new program hires local teens to plant and care for trees in under-resourced neighborhoods. R&R Description
  • 33. R & R Updates IT Shades Engage & Enable Dominion Energy (USA) Recognized Nationally for Excellence in Safety For any queries, Please write to marketing@itshades.com 26 Dominion Energy Recognized Nationally for Excellence in Safety. In recognition of Dominion Energy’s strong track record for safety, seven of the company’s gas businesses recently received the American Gas Association’s highest awards for safety performance in 2019: Dominion Energy Carolina Gas Transmission, Dominion Energy Ohio, Dominion Energy Questar Pipeline, Dominion Energy South Carolina, Dominion Energy Transmission Inc., Dominion Energy Utah-Wyoming-Idaho, Dominion Energy West Virginia. Dominion Energy credits its safety performance to the personal commitment of the company’s employees. In several areas of the company, employee-led safety teams create a culture that champions a safe, injury-free workplace. By hosting events like Dominion Energy Safety Days, employees and subject matter experts share resources and knowledge to bring the company’s safety procedures to life. More than 7 million customers in 20 states energize their homes and businesses with electricity or natural gas from Dominion Energy, headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable and safe energy and is one of the nation's largest producers and transporters of energy with more than $100 billion of assets providing electric generation, transmission and distribution, as well as natural gas storage, transmission, distribution and import/export services. The company is committed to achieving net zero carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050. R&R Description
  • 34. R & R Updates IT Shades Engage & Enable FirstEnergy (USA) Named to DiversityInc 2020 Top Utilities and Board of Directors Lists For any queries, Please write to marketing@itshades.com 27 FirstEnergy Corp. has been recognized by DiversityInc as one of the top six utilities in the nation for its workforce diversity and inclusion initiatives, moving up one spot this year from fifth to fourth place. In addition, the company ranked eight out of 11 on the inaugural DiversityInc list of Top Companies for Board of Directors. Each year, DiversityInc evaluates companies based on survey responses that detail the makeup of their workforce, talent programs, leadership accountability, workplace practices, philanthropy and supplier diversity. An overall Top 50 list is developed from the survey data, and subsets of the same data are used to determine several specialty lists, including utilities. New to the DiversityInc specialty lists for 2020 is the Top Companies for Board of Directors. To determine the Board of Directors list, DiversityInc considered the diversity of each company's board of directors, as well as participation of diverse members on key committees, such as governance and compensation. FirstEnergy continues to build momentum in its diversity and inclusion efforts. The company's employee business resource groups are growing and playing a key role in engaging employees and creating an inclusive environment. R&R Description
  • 35. R & R Updates IT Shades Engage & Enable GUODIAN Power (China) won three awards from the TIANMAAward of a Chinese listed company For any queries, Please write to marketing@itshades.com 28 Guodian Power won not only the Main Board Award and the Best Investor Relations Company Award, but also a new establishment The Main Board Best New Media Operation Award is the only listed company in the energy sector that has won three awards at the same time, and the only listed company in the Energy Sector that has won the Main Board Best New Media Operation Award. Adhere to the exploration and build an efficient governance model of the board of directors. Since its listing, Guodian Power's board of directors has strictly strengthened the board's ability to make decisions and guard against risks in strict compliance with laws and regulations and the powers conferred by shareholders. The standardization and effectiveness of various tasks laid the foundation for the company to improve the modern corporate legal person governance system and improve the level of scientific decision-making. Attach importance to communication and fully carry out investor relationship management. Guodian Power adheres to its mission of building a harmonious and transparent investor relationship, and makes full use of the official website “Investor Relations” section, online and offline performance briefings, investor hotlines, and visual product push to deliver company information to investors in a timely and accurate manner. Under the premise of strictly abiding by the information disclosure standards, actively communicate with investors and transfer company value. Guodian Power keeps in mind the responsibility of central enterprises and actively fulfills its social responsibilities. During the epidemic period, it grasped the epidemic prevention and control on the one hand and guaranteed production and operation on the other hand, ensuring the stable energy supply. report. R&R Description
  • 36. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Customer Success Updates Utilities Industry
  • 37. Customer Success Updates IT Shades Engage & Enable National Grid (UK) Named Top Utility for Diversity, Inclusion, and LGBT Employees For any queries, Please write to marketing@itshades.com 29 National Grid has been ranked as one of the top utilities for diversity and inclusion by DiversityInc. This marks the second time National Grid has earned this distinction as one of only six utility honorees. For the first time, National Grid has also been named a top company for LGBT employees as part of the ranking. The DiversityInc Top 50 list, issued yearly since 2001, recognizes the nation's top companies for diversity and inclusion management. These companies excel in such areas as hiring, retaining and promoting women, minorities, people with disabilities, LGBT, and veterans. About National Grid: National Grid is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York, Massachusetts, and Rhode Island. National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions. Description
  • 38. Customer Success Updates IT Shades Engage & Enable Southern Company (USA) recognized as a top company for diversity and inclusion by DiversityInc for the fifth consecutive year For any queries, Please write to marketing@itshades.com 30 Southern Company earned the 26th spot on the 2020 DiversityInc "Top 50 Companies for Diversity" list. DiversityInc announced that Southern Company moved up 7 spots, landing at No. 26 from No. 33 last year on the Top 50 Companies for Diversity list. This is the fifth consecutive year Southern Company has been recognized as a Top 50 Company for diversity and inclusion, as well as recognition for the system's efforts to hire, retain and promote women, minorities, people with disabilities, LGBTQ and veterans. DiversityInc's annual survey yields an empirically-driven ranking based on talent results in the workforce and management, senior leadership accountability, talent programs, workplace practices, philanthropy and supplier diversity. This award recognizes Southern Company's continued commitment to Our Values by promoting and advancing an inclusive and diverse work culture and environment where our people and company thrive. Southern Company is committed to continuing to advance the future of energy by creating and maintaining a workforce that reflects the communities we live in and the 9 million customers the system serves.Southern Company is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Description
  • 39. Customer Success Updates IT Shades Engage & Enable Georgia Power (USA) Launches Learning Power Mobile App For any queries, Please write to marketing@itshades.com 31 Georgia Power Launches Learning Power Mobile App. The Georgia Power Learning Power app includes interactive lessons for students, offering fun, educational activities with real-world applications of Science, Technology, Engineering and Math, energy and energy efficiency content. The recently launched mobile game app supports Learning Power's STEM-based classroom energy lessons, all aligned with the Georgia Standards of Excellence. On the app, you will find seven grade-appropriate games, ranging from Pre-K through high school. Students can repair "Goldibot" in a robot circuitry experiment, harness solar power for a cell phone battery boost, or solve "Electri-City's" smart power grid puzzle. Georgia Power's signature education program, is proud to partner with Georgia educators to electrify classrooms with lessons on energy and energy efficiency. Since inception in 2011, Learning Power has engaged 750,000+ students across Georgia. Georgia Power Education Coordinators – twenty instructors serving schools statewide – have long delivered hands-on, STEM-based energy and efficiency lessons to amplify classroom learning. Aligned with the Georgia Standards of Excellence in science and math, interactive labs and creative classroom activities support STEM learning and energy industry career exploration. Description
  • 40. Customer Success Updates IT Shades Engage & Enable Georgia Power (USA) recognized nationally as a utility that is "Easiest to Do Business With" for second year in a row For any queries, Please write to marketing@itshades.com 32 Georgia Power the company was ranked among top utilities based on company reputation and outreach, communication, and customer and field service satisfaction in the 2020 Cogent Syndicated Utility Trusted Brand & Customer Engagement™. Using a "Customer Effort Index," the study measured how easy it is for customers to obtain service, information and offerings from a utility. Satisfaction was measured against 140 electric, natural gas and combination utilities among 62,122 US utility customers. According to the study, residential utility customers get 90 percent of their satisfaction from the amount of effort required to do business with their utility. To ease the burden that customers are facing during the COVID-19 pandemic, Georgia Power previously announced the suspension of all disconnections and will offer special payment plan options to assist with the recovery. The company also continues to offer around the clock service features including bill pay, energy usage monitoring tools, power outage reporting, payment information and history. Georgia Power is the largest electric subsidiary of Southern Company, America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. Description
  • 41. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Partner Ecosystem Updates Utilities Industry
  • 42. Partner Ecosystem Updates IT Shades Engage & Enable Alliant Energy (USA) adds solar and battery system at DNR site near Sauk City For any queries, Please write to marketing@itshades.com 33 An Alliant Energy solar generation and battery storage project will provide power to a park building and cabin when they reopen later this year just south of Sauk City, Wisconsin. The new system replaces an overhead line that previously brought electricity to the Department of Natural Resources structures. An Alliant Energy project team collaborated with DNR staff and found a creative, clean-energy and cost-effective solution called a microgrid. Microgrids are a compressed version of the larger electric grid and provide power to a smaller area. It includes a small solar array and an affiliated battery to store the renewable power and operates separately from the larger grid. The microgrid was energized earlier this year. It includes a six-kilowatt solar generation system, a 42-kilowatt-hour battery, a charge controller, inverter and cellular communications. It will provide power for lighting and a water pump at the DNR building and cabin in the more than 800-acre Black Hawk Unit of the Lower Wisconsin Riverway. The recreational area will now be powered entirely by renewable energy. The microgrid, which will typically be used seasonally from May through October, is located about 3.5 miles south of Sauk City. It sits near the end of Watcher Road, which is accessible via State Highway 78. Description
  • 43. Partner Ecosystem Updates IT Shades Engage & Enable Lotus and Centrica (UK) agree partnership to redesign electric vehicle ownership For any queries, Please write to marketing@itshades.com 34 Centrica, the parent company of British Gas, and British motor manufacturer Lotus are working together to develop a new model for electric vehicle ownership that fully integrates future mobility and energy. By making the car an extension of the home, capable of storing electricity, minimizing emissions and generating new income by providing services to the energy market, the companies aim to redefine the customer relationship with cars – one controlled by smart devices at home and on the move. The energy company will also facilitate a sustainability program that leverages innovative, low carbon technologies, and helps mitigate the environmental impact of everything from manufacturing through to sales and the day-to-day activities of Lotus employees, helping meet Lotus’ carbon reduction aspirations. The new partnership will help establish a new global charging and energy infrastructure for new products as part of Lotus’ journey to net zero carbon following huge investment into the business since 2018. Description
  • 44. Partner Ecosystem Updates IT Shades Engage & Enable General Motors and DTE Energy (USA) are making Michigan a clean energy powerhouse For any queries, Please write to marketing@itshades.com 35 General Motors and DTE Energy are working together to accelerate Michigan’s transition to renewable energy with a deal to source 500,000 megawatt hours of solar energy as part of DTE’s MIGreenPower program. This follows an initial investment of 300,000 MWh of wind energy purchased by GM in February 2019, bringing the total amount to more than 800,000 MWh, or the amount of electricity consumed by more than 100,000 homes in an average year. The MIGreenPower program is available to all DTE Electric customers who want to attribute a greater percentage of their energy use to DTE’s wind and solar energy operations. GM’s investment in MIGreenPower should deliver enough clean energy to supply GM’s Southeast Michigan facilities by 2023, including the Renaissance Center global headquarters in Detroit, the GM Global Technical Center in Warren, the Milford Proving Ground in Milford and two local assembly plants; Orion and Detroit-Hamtramck, as well as several smaller GM sites across Southeast Michigan. By 2023, GM’s Orion and Detroit-Hamtramck Assembly Plants are expected to be powered by renewable energy. Orion Assembly will build the Chevrolet Bolt EV. Detroit-Hamtramck will build the GMC Hummer EV, Cruise Origin and other future EVs. GM has also committed to expanding the availability of workplace charging stations at its facilities in Southeast Michigan, which will also be powered by wind and solar. Description
  • 45. Partner Ecosystem Updates IT Shades Engage & Enable SCE (USA) Grows Clean Energy Portfolio, Enhances System Reliability With 770 Megawatts of New Energy Storage Capacity For any queries, Please write to marketing@itshades.com 36 Southern California Edison announced that it has signed seven contracts totaling 770 megawatts of battery-based energy storage resources to help enhance the region’s electric system reliability needs. The recently conducted solicitation and the resulting contracts make up one of the country’s largest energy storage procurements. The projects will enhance electric grid reliability and help address potential energy shortfalls identified in California. The projects will assist in integrating renewable clean energy into the grid from intermittent wind and solar resources and will also help the state transition its energy profile as several large coastal once-through cooling plants are scheduled to retire over the next three years. Most of the projects selected are co-located projects since the battery project will use an adjacent solar power plant to charge the battery over the term of the contract. These projects will be located at the same point of interconnection and will be the first of their kind on California’s grid. To solve these potential issues, the commission authorized the utilities and other load-serving entities to procure additional new clean energy resources to meet those needs and keep California on its present path to meet ambitious greenhouse gas emissions reduction targets by 2030. Description
  • 46. Partner Ecosystem Updates IT Shades Engage & Enable Mastercard and Enel X (Italy) to establish fintech-cyber innovation lab in Israel For any queries, Please write to marketing@itshades.com 37 Mastercard and Enel X are launching a new lab in Israel to advance innovations in financial technology and cybersecurity for the payments and energy ecosystem globally. The lab will partner with start-up companies to test and develop products and solutions, with a particular focus on digital security, fintech platforms, digital authentication and financial inclusion. The lab is being established in partnership with the Government of Israel, following a competitive tender launched by the Israel Innovation Authority, which aims to advance innovations within the fintech and cyber sectors by accelerating growth of the country’s start-up ecosystem. The new lab will combine the strength of Israel’s start-up economy with the support of the lab’s technical infrastructure, knowledge and expertise. The new lab will be established in the southern city of Be’er Sheva, a city designated by the Israeli government as the cyber and fintech capital of the world and home to many cyber R&D centers of top global technology companies. The lab will obtain a three-year license and approximately 3.7 million US dollars of public funding to cover the lab’s establishment, operational costs and proof of concept development with local start-ups. Description
  • 47. Partner Ecosystem Updates IT Shades Engage & Enable Entergy (USA): ENO, Burns & McDonnell Partner to Deliver Protective Gear to New Orleans East Hospital For any queries, Please write to marketing@itshades.com 38 Entergy New Orleans and Burns & McDonnell have teamed up to make sure first line responders at New Orleans East Hospital have access to protective face masks. Employees at the Entergy New Orleans Power Station, located in New Orleans East, and Burns & McDonnell, a nationally recognized engineering and construction firm, donated approximately 1,500 N95 masks to the hospital’s health care workers. Entergy New Orleans, LLC is an electric and gas utility that serves Louisiana’s Orleans Parish. The company provides electricity to more than 200,000 customers and natural gas to more than 108,000 customers. The company is a subsidiary of Entergy Corporation. Description
  • 48. Partner Ecosystem Updates IT Shades Engage & Enable Fortum (Finland)partners with INFRACAPITAL to speed up charging infrastructure development and growth For any queries, Please write to marketing@itshades.com 39 Fortum has signed an agreement to sell a majority share of its public charging point operator, Fortum Recharge AS, for electrical vehicles in the Nordics to Infracapital, the infrastructure equity investment arm of M&G Plc. After the transaction Fortum’s ownership in Recharge will be 37%. Recharge is the largest CPO in the Nordics, owning close to 1,300 public charging points and operating an additional 1,400 charging points in Norway, Finland, and Sweden. The partnership will create a shared ownership structure designed to accelerate Recharge’s growth plans in the public CPO market and reaffirm its market leading position. At the same time, the transaction will release capital for further growth in this partnership and in services provided to Fortum’s mobility customers. Fortum will continue to own and offer its leading mobility services for digital public charging, as well as home and destination charging services under its Charge&Drive and Plugsurfing brands. Fortum further continues to offer software as a service (SaaS) for operating electrical vehicles charging infrastructure networks and customer interfaces to other CPOs. The Nordic countries are among the most advanced and fastest growing EV markets globally. Description
  • 49. Partner Ecosystem Updates IT Shades Engage & Enable Fortum (Finland) to start collaboration with three national organizations For any queries, Please write to marketing@itshades.com 40 Fortum is supporting the operational continuity of three key Finnish organizations through this exceptional time of the coronavirus pandemic. Fortum has signed a collaboration agreement with the Mannerheim League for Child Welfare, the Finnish Association for the Welfare of Older People, and the Central Association of Mental Health for the years 2020-2021. Under the agreement, the organizations will receive a total of 150,000 euros from Fortum. Fortum recognizes the extremely valuable long-term work that these organizations do. However, the exceptional global situation arising from the coronavirus pandemic has created an added need for services and help. By donating 50,000 euros to each organization, Fortum wants to contribute to their ability to continue providing assistance to those in need. Description
  • 50. Partner Ecosystem Updates IT Shades Engage & Enable Strategic partnership with Octopus Energy (Australia) to transform Origin’s retail business For any queries, Please write to marketing@itshades.com 41 Origin Energy Limited has established a strategic partnership with fast-growing United Kingdom retailer and emerging technology business Octopus Energy to transform its retail operations delivering a radical improvement in customer experience, a material reduction in costs, and opening up future growth opportunities. The strategic partnership will see Origin work with Octopus to adopt Octopus’ leading operating model and technology platform delivering significant benefits for Origin customers, employees and shareholders. Over the next 24 to 30 months, Origin will transfer its 3.8 million retail electricity and gas customer accounts to the Kraken platform, delivering a step-change reduction in operating and capital costs, with expected pre-tax cash savings of $70-80 million in FY2022 increasing to $100-150 million annually from FY2024. The transaction is funded with staged consideration1 of $134 million paid upfront and $373 million spread over four financial years, comprising equity instalments and progress payments related to the rollout of Kraken across Origin’s retail operations. Octopus has disrupted energy retailing through its purpose-built Kraken platform and customer-centric operating model enabling superior customer service at lowest cost. Since its inception in 2016, Octopus has grown rapidly, with a customer base representing around 5 per cent of the UK market and is pursuing opportunities to scale its model in other markets. Description
  • 51. Partner Ecosystem Updates IT Shades Engage & Enable PUB and Sembcorp (Singapore) sign 25-year PPA to build largest floating solar system in Singapore For any queries, Please write to marketing@itshades.com 42 Singapore’s National Water Agency PUB, and Sembcorp Floating Solar Singapore, a wholly-owned subsidiary of Sembcorp Industries, are pleased to announce today the signing of a 25-year power purchase agreement to build a 60 megawatt-peak floating solar photovoltaic system on Tengeh Reservoir. The agreement signing followed PUB’s announcement on February 10, 2020 that it has appointed Sembcorp to design, build, own and operate this project. When fully operational in 2021, this project aims to be a global showcase of operational excellence and safety as Singapore’s largest, as well as one of the world’s largest, inland floating solar PV systems. The solar power generated will meet the day-to-day energy needs for operations at PUB’s five local waterworks, including Marina Barrage. This makes Singapore one of the few countries in the world to achieve 100% green waterworks when the project is completed. Under the agreement, Sembcorp Floating Solar Singapore will deploy over 146,000 solar panels at Tengeh Reservoir in Tuas, covering an area of around 45 football fields. At 60 MWp, the floating solar PV system will generate enough energy to power about 16,000 four-room HDB flats for a year and offset about 32 kilotons of carbon emissions annually – equivalent to taking approximately 7,000 cars off the roads. Utilizing highly efficient PV modules that maximize solar energy yield, the panels would be installed on corrosion-resistant floats that are certified to be of food-grade quality. Prior to deployment, extensive studies have been conducted to ensure that the PV modules pose minimal impact to the environment and water quality. Description
  • 52. Partner Ecosystem Updates IT Shades Engage & Enable SoCalGas (USA) Partners with The Laundry Truck LA and Landi Renzo USA to Bring Additional Mobile Laundry Services to Thousands of Homeless Throughout Los Angeles For any queries, Please write to marketing@itshades.com 43 Southern California Gas Co. announced a $25,000 donation to The Laundry Truck to provide free laundry services and necessities to the homeless population in Los Angeles, including at the city's 42 coronavirus relief centers. The grant will help fund the purchase and furnishing of a second trailer to support the community's rising demands for laundry services. Landi Renzo USA, a global leader in alternative fuel technology, will also donate a truck equipped with the company's Eco Ready™ compressed natural gas system to support TLTLA's efforts. The converted CNG Ford F-250 pickup truck will help TLTLA expand their reach and lower the organization's current transportation costs by 30 percent. With the donations from SoCalGas and Landi Renzo, TLTLA is expecting to complete 15,600 loads of laundry in 2020. The Laundry Truck LA is a non-profit organization dedicated to providing free mobile laundry services for those in need throughout Los Angeles and is one of the first mobile laundry services in the country to serve the homeless population. Prior to this donation, TLTLA served the community through a trailer furnished with five sets of washers and dryers, a folding station, and a water heater. Through the help of donations and partnerships, TLTLA is now expanding their operations to further assist the additional six thousand beds the City of Los Angeles have committed to for the COVID-19 pandemic. Description
  • 53. Partner Ecosystem Updates IT Shades Engage & Enable TERNA(Italy): European TSOS Platform Unlocks Flexibility of Consumer-Based Devices, Electric Vehicles For any queries, Please write to marketing@itshades.com 44 Europe's biggest Transmission System Operators are collaborating on a new blockchain-based platform, enabling the integration of small and distributed consumer-based units into the electricity-balancing process. Owners of consumer devices, electric vehicles for example, can earn money making "flexible" their interaction with the electric grid via an aggregator, affording them an active role in grid-balancing and with that in the entire energy transition. The new platform, Equigy, will set a new European standard and allow three of Europe's national TSOs - the entities tasked with transporting energy and balancing supply and demand - to work together to enhance and improve the integration of renewables, providing more flexibility to mitigate their aleatory effect on grid. Among other initiatives of its kind in Europe, this is seen as the most viable collective approach, offering standardization, a common approach from TSOs with neutral governance, and the opportunity for scale-up. The system is not exclusive and can operate in synergy with other balancing schemes and tools. The technology and software will be provided free of charge and will be open source to encourage the development of secondary applications across the energy value chain. The TSOs are engaging in this activity with no commercial interest and with the sole aim of getting down entry barriers for distributed energy resources thus supporting the transformation towards a climate-neutral electricity system. Description
  • 54. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Miscellaneous Updates Utilities Industry
  • 55. Miscellaneous Updates IT Shades Engage & Enable Alliant Energy’s (USA) West Riverside Energy Center goes into service For any queries, Please write to marketing@itshades.com 45 Alliant Energy customers in Wisconsin are now receiving energy from the newly constructed West Riverside Energy Center. The 730-megawatt, highly efficient, combined-cycle natural gas generating station is located near Beloit, Wisconsin. During construction, more than 1,000 jobs were created and millions of dollars spent to support Wisconsin businesses. The generating station serves as a 24/7 resource, complementing the company’s growing number of solar and wind facilities. Because it leverages combined-cycle technology, its power output can adjust up and down quickly to fit with the intermittent nature of renewable resources. The West Riverside project team included AECOM serving as the Engineering, Procurement and Construction contractor, many AECOM subcontractors, as well as HDR contributing as the Owner’s Engineer. Facility co-owners include Adams-Columbia Electric Cooperative, Central Wisconsin Electric Cooperative and Rock Energy Cooperative. Alliant Energy started construction on the generating station in spring 2017 after receiving approval from the Public Service Commission of Wisconsin. The completed $660 million facility can produce enough power for more than 550,000 homes. Going forward, it will increase local utility shared revenues by more than $3 million annually. The next step for the project includes constructing a new, integrated solar facility adjacent to the natural gas generating station. The West Riverside solar garden is expected to break ground soon with a planned completion by the end of this year, bringing added benefits to customers. Description
  • 56. Miscellaneous Updates IT Shades Engage & Enable LIQVIS(Germany) opens new LNG filling station in Kassel on the A7 For any queries, Please write to marketing@itshades.com 46 LIQVIS opening of a new Liqvis LNG filling station for trucks in the central German city of Kassel. This is now Liqvis's second permanent LNG filling station—with the first located in Grünheide near Berlin—and it will replace the mobile station that has been stationed in Kassel up until now. Liqvis is planning to relocate this now-superfluous mobile filling station from Kassel to Hamm in North Rhine-Westphalia in order to meet rising demand and to expand the network of LNG refueling stations in the short term. The new station will make refueling faster and more convenient for customers: Two trucks can now be refueled at the same time, and in the future, this could even be increased to four. The new station on the A7 freeway between the Kassel-Mitte interchange and the Kassel-Süd triangle (Rudolf-Diesel-Straße 9 in 34123 Lohfelden near Kassel) was built in just about four months and is now open 24 hours a day. Its prime location in the center of Germany makes the site a hotspot for long-haul heavy trucks, as previously demonstrated by the high demand for the mobile station. In addition to the two permanent LNG filling stations already open in Kassel and Grünheide near Berlin, Liqvis is planning further projects in the coming months: An LNG filling station in Calais, northern France, is already under construction, and further stations in Rosengarten near Hamburg and Langenhagen near Hanover are currently in the process of being approved. Description
  • 57. IT Shades Engage & Enable Feel free to contact us at marketing@itshades.com for any queries Follow us on social media by clickling below: www.twitter.com/it_shades www.twitter.com/it_shades www.twitter.com/it_shades www.twitter.com/it_shades www.twitter.com/it_shades www.twitter.com/it_shades www.twitter.com/it_shades www.twitter.com/it_shades www.twitter.com/it_shades w w w . y o u t u b e . c o m / c h a n n e l / U C m f V P K O Q 2 I M E Q Q W 2 5 P 4 - I h Q w w w . y o u t u b e . c o m / c h a n n e l / U C m f V P K O Q 2 I M E Q Q W 2 5 P 4 - I h Q w w w . y o u t u b e . c o m / c h a n n e l / U C m f V P K O Q 2 I M E Q Q W 2 5 P 4 - I h Q w w w . y o u t u b e . c o m / c h a n n e l / U C m f V P K O Q 2 I M E Q Q W 2 5 P 4 - I h Q w w w . y o u t u b e . c o m / c h a n n e l / U C m f V P K O Q 2 I M E Q Q W 2 5 P 4 - I h Q w w w . y o u t u b e . c o m / c h a n n e l / U C m f V P K O Q 2 I M E Q Q W 2 5 P 4 - I h Q w w w . y o u t u b e . c o m / c h a n n e l / U C m f V P K O Q 2 I M E Q Q W 2 5 P 4 - 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