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I-Bytes
Utility
February Edition 2020
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Table of Contents
1. Financial, M & A Updates..................................................................................................................................1
2. Solution Updates...............................................................................................................................................17
3. Rewards and Recognition Updates.................................................................................................................21
4. Customer Success Updates..............................................................................................................................44
5. Partnership Ecosystem Updates.....................................................................................................................49
6. Miscellaneous...................................................................................................................................................58
7. Event Updates..................................................................................................................................................60
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Financial, M & A Updates
Utility Industry
Financial, M&A Updates
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Atmos Energy (USA) Corporation Reports Earnings for Fiscal 2020
First Quarter; Reaffirms Fiscal 2020 Guidance
First Quarter Highlights
• Earnings per diluted share of $1.47
• Consolidated net income of $178.7 million
• Capital expenditures were $529.2 million, an increase of 27
percent
• Approximately 86 percent of capital spending related to system
safety and reliability investments
Outlook
• Earnings per share is expected to be in the range of $4.58 to
$4.73 per diluted share for fiscal 2020.
• Capital expenditures is expected to be in the range of $1.85
billion to $1.95 billion in fiscal 2020.
• The company's Board of Directors has declared a quarterly
dividend of $0.575 per common share. The indicated annual
dividend for fiscal 2020 is $2.30, which represents a 9.5% increase
over fiscal 2019.
Executive Commentary
“Our first quarter results reflect the continued dedication of our
employees to execute our strategy of investing in safety and
reliability,” said President and Chief Executive Officer of
Atmos Energy Corporation. “We remain on track to deliver
annual earnings per share growth between 6% and 8% for fiscal
2020."
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Financial, M&A Updates
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Dominion Energy (USA) Announces Fourth-Quarter and Full-Year 2019
Earnings
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• Principles for the three months ended Dec. 31, 2019, of $1.1 billion compared with net income of $641 million for the same period in 2018.
• Reported earnings for the twelve months ended Dec. 31, 2019, were $1.4 billion ($1.73 per share) compared with earnings of $2.4 billion
($3.74 per share) for the same period in 2018.
• Operating earnings for the three months ended Dec. 31, 2019, were $988 million, compared with operating earnings of $592 million ($0.89 per
share) for the same period in 2018.
• Operating earnings for the twelve months ended Dec. 31, 2019, were $3.4 billion ($4.24 per share) compared with operating earnings of $2.7
billion for the same period in 2018.
• Dominion Energy expects 2020 operating earnings in the range of $4.25 to $4.60 per share, compared to full-year 2019 operating earnings of
$4.24 per share.
• Positive drivers include regulated investment growth across electric and gas businesses, lower financing costs due to lower average debt
balances, the full-year impact of the Millstone nuclear facility zero-carbon procurement contract, and lower depreciation expense associated
with an anticipated extension of the useful life assumption for our regulated nuclear plants in Virginia.
• The company expects negative drivers for the year to include increased minority interest expense associated with the equity recapitalization of
Cove Point, share dilution, two planned refuelling outages at Millstone and lower New England capacity prices.
Description
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DTE (USA) Energy reports strong 2019 financial results; reaffirms
guidance for 2020
• Net earnings of $1.2 billion, or $6.31 per diluted share, compared with $1.1
billion, or $6.17 per diluted share in 2018.
• 2019 operating earnings were $1.2 billion, or $6.30 per diluted share,
compared with 2018 operating earnings of $1.1 billion, or $6.30 per diluted
share.
• The 2019 operating earnings results are a strong beat to the company’s
original 2019 guidance.
• 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 Biomass Energy’s award-winning Project of the Year converts
agricultural waste to clean renewable natural gas, reducing greenhouse gas
emissions and offsetting fossil fuels.
• Invested $2.1 billion in 2019 with Michigan-based companies, exceeding
DTE’s commitment to the Pure Michigan Business Connect local supplier
initiative. The company has invested over $11 billion in the ten-year effort
and has supported the creation of thousands of Michigan jobs.
Executive Commentary
"We’re pleased with the significant progress we made in 2019, as our
financial performance continued to be strong,” said DTE Energy
President and CEO. The year also marked several meaningful
accomplishments on our clean energy path, and we intensified our service
excellence work for our customers, communities and employees."
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Financial, M&A Updates
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Duke Energy (USA) Renewables acquires 20 MWac of solar projects
in Georgia
Duke Energy Renewables, a subsidiary of Duke Energy announced that it has
completed the acquisition of the final project in a portfolio developed with
Inman Solar Inc., totalling 20 megawatts. The projects are in construction or
have begun commercial operations across central Georgia under Georgia
Power’s Renewable Energy Development Initiative. These projects bring
Duke Energy Renewables, operating through its REC Solar business unit, to
47.4 MWac of distributed solar projects in Georgia. Duke Energy
Renewables’ distributed generation arm, REC Solar, led the acquisition and
construction management on behalf of Duke Energy. Duke Energy
Renewables, REC Solar and Inman have worked on numerous projects in
multiple states over the last three years. The nine solar projects are expected
to contribute $11.5 million in leasing and taxes to local communities. A total
of 81,060 solar panels will be used in the projects. The last site is expected to
reach commercial operations by the end of March. Each project was
developed under an engineering, production and procurement agreement
between REC Solar and Inman and a 30- or 35-year power purchase
agreement with Georgia Power, selling all energy and renewable attributes to
Georgia Power as a part of its REDI Distributed Generation RFP program.
Executive Commentary
“We’re excited to acquire another portfolio of solar projects in Georgia,”
said Vice president of Duke Energy Renewables. “This transaction was
successful because of our strong relationship with Georgia Power and a
dependable, expert developer and build partner in Inman Solar.”
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Financial, M&A Updates
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EDP (France) invests €6 million in GridBeyond to grow in new
markets
EDP reinforces its international expansion plans by investing 6 million euros in GridBeyond, a
company that operates in the UK and Irish markets and leads the way in offering ancillary
services to business customers. With this investment, made through EDP Commercial, the
group invests in the most dynamic energy market in Europe, through an innovative service that
promotes the stability of the electricity grid through the optimization of clients’ energy
consumption and efficiency. GridBeyond - founded in 2007 and finalist in the latest edition of
the Free Electrons program – contributes to EDP's strategy for the energy transition, focusing
on a key area within the sector and one that is currently undergoing significant growth: ancillary
service delivery, required to maintain grid stability and security, through flexible customer load
management. The global market for ancillary services is estimated to reach a cumulative overall
capacity of over 1,000GW in 2040 – equivalent to 46 times the current installed capacity in
Portugal. Traditionally, ancillary services were delivered only by thermal power plants and
hydroelectric power plants. The increasing penetration of renewable intermittent energy
sources, such as wind and solar, increases the need to stabilize the grid in alternative ways.
GridBeyond develops solutions that enable the delivery of smart ancillary services by acting
remotely on flexible loads that are available in end-user industrial plants or companies.
Examples of flexible loads are large furnaces, cold systems, or even a building's climatization
system, which can be regulated remotely and marginally without impacting final production. In
return for this remote manipulation, customers (plants or companies giving remote access to
their equipment) are compensated for their participation in the local ancillary service market via
a reduction in their energy bill.
Executive Commentary
“This investment is driven by our ambition to gain experience in managing flexibility in
distributed assets and seek new energy products and services that meet the changing needs
of the energy customer, as well as by our objective to strengthen EDP’s international
expansion. The changing paradigm of our sector, with the electrification of the economy,
decentralization of energy generation, and overall digitalization, leads to the adoption of
new technologies that, with the appropriate regulatory framework, allow for a more
dynamic portfolio that includes the market’s participation in demand response through
flexibility services, something we anticipate will be key to the adequate equilibrium of the
electric system in the near future," explains CEO of EDP Comercial.
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Financial, M&A Updates
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Exelon (USA) Reports Fourth Quarter and Full Year 2019 Results
and Initiates 2020 Financial Outlook
The fourth quarter of 2019
• Net Income for increased to $0.79 per share from $0.16 per share in the fourth quarter of 2018.
• Adjusted Operating Earnings increased to $0.83 per share in the fourth quarter of 2019 from $0.58 per share in the
fourth quarter of 2018.
Adjusted Operating Earnings in the fourth quarter of 2019 primarily reflect:
• Higher utility earnings due to regulatory rate increases at PECO, BGE and PHI; and
• Higher Generation earnings due to higher realized energy prices, decreased nuclear outage days, lower operating and
maintenance expense and research and development income tax benefits, partially offset by lower capacity prices.
FULL YEAR 2019
• Exelon's GAAP net Income increased to $3.01 per share from $2.07 per share in 2018.
• Exelon's Adjusted Operating Earnings for 2019 increased to $3.22 per share from $3.12 per share in 2018.
Adjusted Operating Earnings for the full year 2019 primarily reflect:
• Higher utility earnings due to regulatory rate increases at PECO, BGE and PHI and higher electric distribution,
transmission and energy efficiency earnings at ComEd; partially offset by,
• Lower Generation earnings due to lower realized energy and capacity prices, partially offset by lower operating and
maintenance expense, decreased nuclear outage days and research and development income tax benefits.
Initiates Annual Guidance For 2020
• Mark-to-market adjustments from economic hedging activities;
• Unrealized gains and losses from NDT funds to the extent not offset by contractual accounting as described in the
notes to the consolidated financial statements;
• Certain costs related to plant retirements;
• Certain costs incurred to achieve cost management program savings;
• Other items not directly related to the ongoing operations of the business; and
• Generation's noncontrolling interest related to exclusion items
Executive Commentary
“We reported another strong year, with full-year adjusted earnings of $3.22 per share coming in above our
revised guidance of $3.05 to $3.20 per share,” said Senior executive vice president and CFO, Exelon. Last year
we invested $5.5 billion in capital at the utilities - or about $150 million more than originally planned - to
modernize the electric grid, and we are on track to invest an additional $6.5 billion in the year ahead as we work
to provide our customers with more reliable service and help our states meet their environmental goals. With
these investments and our continuing focus on reducing costs, we are providing 2020 adjusted earnings guidance
of $3.00 to $3.30 per share.”
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Financial, M&A Updates
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FirstEnergy (USA) Announces 2019 Financial Results
Fourth Quarter Results
• In the fourth quarter of 2019, FirstEnergy reported a GAAP loss of $(111) million, or $(0.20) per basic
and diluted share of common stock, on revenue of $2.7 billion. The loss reflects the impact of the
company's annual non-cash, pension and OPEB mark-to-market adjustment, and includes other special
items shown below.
• In the fourth quarter of 2018, the company reported GAAP earnings of $128 million, or $0.25 per basic
and diluted share of common stock, on revenue of $2.7 billion. Results include the special items shown
below.
• Operating (non-GAAP) earnings for the fourth quarter of 2019 were $0.55 per share. In the fourth
quarter of 2018, operating earnings were $0.50 per share.
• Operating results in FirstEnergy's Regulated Distribution business were flat compared to the fourth
quarter of 2018 as lower operating expenses offset the absence of the Ohio Distribution Modernization
Rider and the impact of more mild temperatures across the company's footprint in the fourth quarter of
2019.
• Total distribution deliveries decreased 3.2% compared to the fourth quarter of 2018 due to more mild
temperatures and lower commercial and industrial usage. Residential sales decreased 3.1%, driven by a
7% decrease in heating degree days compared to the fourth quarter of 2018. Commercial deliveries
decreased 4.3%, while sales to industrial customers decreased 2.4%.
• In the Regulated Transmission business, fourth quarter 2019 operating results increased primarily due to
higher rate base associated with the company's ongoing investments in its Energizing the Future
transmission program and lower operating expenses, which offset higher net financing costs.
• In the Corporate/Other segment, fourth quarter 2019 operating results reflect lower operating expenses
compared to the same quarter of 2018.
Executive Commentary
"This was another great year for FirstEnergy, marked by solid execution on initiatives that benefit our
customers, shareholders, communities and our company," said FirstEnergy president and chief
executive officer. In 2020, we expect to build on our progress as we continue implementing our
long-term, customer-focused growth plans."
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Financial, M&A Updates
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Fortum (Finland) to acquire Crisolteq, a recycling specialist of valuable metals in
batteries
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Fortum is acquiring the entire shareholding in the Finnish growth company Crisolteq, a specialist in recycling of
valuable metals in lithium-ion batteries. The investment strengthens Fortum’s position in the recycling of high value
materials in Europe. The recycling of battery metals also supports Fortum’s existing battery business. Crisolteq
employs 23 people and sales amounted to EUR 2.1 million during its last fiscal year. The parties have agreed not to
disclose the acquisition price. Crisolteq has developed a unique hydrometallurgical recycling process that enables a
recycling rate of more than 80% for lithium-ion batteries compared to the current recycling rate of about 50%. In the
hydrometallurgical process cobalt, manganese, and nickel are recovered from the batteries. The valuable metals are
delivered to a battery manufacturer to be used to produce new batteries. Crisolteq has an industrial-scale
hydrometallurgical recycling facility in Harjavalta, Finland. Additionally, Crisolteq has a production plant in Tornio,
and research and development activities in Raisio.
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REC (India) Declares Its Quarterly Financial Results for Q3 FY20
• Net Profit of Rs. 1,642 crores during Q3 FY20, as against Rs. 1,275
crores during Q3 FY19. For the quarter ended 31st December 2019.
• Net Profit – Rs. 1,667 crore vs Rs. 1,284 crores, up 30%
• The Company has registered Earnings Per Share (EPS) of Rs. 8.32 as
against Rs. 6.45 per share during the same quarter last year.
• Keeping in view the strong financial performance of the Company, an
interim dividend of Rs. 11/- per share, with the record date being 12th
February 2020 to ascertain the eligibility of the shareholders to receive the
interim dividend.
• The loan book has reflected a growth of 14% while growing from Rs.
2.69 lakh crores as at 31st December 2018 to Rs. 3.07 lakh crores as at
31st December 2019.
• The Net Worth of the Company stands at Rs. 38,515 crores as on 31st
December 2019, with a book value per share of Rs. 195.
• The Capital Adequacy Ratio of the Company has also been healthy to
support the future growth at 18.36% as of 31st December 2019 as against
16.84% as of 31st December 2018.
Executive Commentary
Chairman and Managing Director, said, “Amidst the challenging times
for the financial sector, the Company has been able to deliver yet
another quarter of strong operational and financial performance. With
one large borrower account getting settled during the quarter apart
from two accounts getting upgraded on regularization of the dues, we
continue to be optimistic about further resolutions of the stressed assets
in the coming quarters.”
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Financial, M&A Updates
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RusHydro (Russia) Group announces 4Q and FY2019 operating results
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Key highlights of 2019
• 142,840 GWh – total electricity production including Boguchanskaya hydropower plant.
• Solid results on the back of increased inflows to the reservoirs of the Volga-Kama cascade in 2H and to the reservoirs of HPPs in the Far East throughout the year aided by new capacity commissioning and
modernization of existing facilities, increase in electricity consumption by 3.3% in the Far East.
• 6 hydropower plants have set new all-time high annual record outputs: Boguchanskaya HPP, Bureyskaya HPP, Votkinskaya HPP, Kamskaya HPP, Ust-Srednekanskaya HPP and Kubanskaya PSHPP.
• 94,525 GWh – electricity output from hydro and pumped storage plant..
• 31,779 GWh – electricity output from thermal power plants.
• 433 GWh – electricity output from alternative renewable energy facilities.
• 29,771 thousand Gcal – heat output from thermal power plants driven by lower air temperatures in most Far Eastern Federal District’s regions.
• 39,683.3 MW – total installed electric capacity of RusHydro Group incl. Boguchanskaya HPP as of December 31, 2019
• 19,021.4 GCal/h – total heat output capacity of the Group as of December 31, 2019 .
• 19,490 GWh – sales by Group’s electricity retail companies in 2019.
• 630 MW - capacity connected to RusHydro Group’s grids in the Far East.
• 16,104 GWh - electricity output from the Boguchanskaya HPP.
Key highlights of 4Q 2019 and hydrological situation
• 26,003 GWh – electricity output from hydro and pumped storage plants.
• 9,029 GWh – electricity output from thermal power plants.
• 121 GWh – electricity output from alternative renewable energy facilities.
• As of January 1, 2020, water storage at reservoirs of the Volga-Kama cascade is 33% above the average level; at the reservoirs of the Far East and in the South of Russia – slightly above the normal level; at
the reservoirs of Siberia – at the normal level.
• In the first quarter of 2020, water inflows to the reservoirs of the Volga-Kama cascade are expected to be 1.3-1.6x the normal level; to the reservoirs of Siberia – at the normal level or slightly above it.
Description
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Southern Power (USA) closes sale of the Mankato Energy Center to
Xcel Energy
Southern Power, a leading U.S. wholesale energy provider and subsidiary of
Southern Company, completed the previously announced sale of the Mankato
Energy Center to Xcel Energy for $650 million, subject to customary working
capital adjustments. Barclays served as the financial advisor, and Baker Botts
served as primary legal counsel to Southern Power for the transaction. Southern
Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy
provider meeting the electricity needs of municipalities, electric cooperatives,
investor-owned utilities, and commercial and industrial customers. Southern
Power and its subsidiaries own 49 facilities operating or under construction in
12 states with more than 10,590 MW of generating capacity in Alabama,
California, Delaware, Georgia, Kansas, Maine, Nevada, New Mexico, North
Carolina, Oklahoma, Texas and Washington. 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.
Executive Commentary
"Southern Company and Southern Power have the utmost gratitude for those
who worked to safely construct the second gas turbine and operate the entire
site over the years," said Southern Power President.
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Financial, M&A Updates
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SSE Plc (UK) to complete sale of SSE energy services to OVO energy
SSE plc is completing the sale of SSE Energy Services Group Limited, its household energy and services business in
GB, to OVO Energy Limited for an enterprise value of £500m. The net proceeds of the Transaction will be used to
reduce SSE’s net debt. In the period since SSE and OVO agreed the sale in September 2019, the necessary regulatory
approvals have been secured and joint integration planning has been undertaken to ensure a smooth transition for
customers and employees. Completion of the Transaction enables SSE to strengthen its focus on delivering the
low-carbon infrastructure needed to help the UK reach net zero emissions.
TRANSACTION DETAILS
• The net cash proceeds of the Transaction will be used to reduce SSE’s net debt.
• SSE Energy Services will be sold for an enterprise value of £500m comprising £400m in cash and £100m in loan
notes.
• The £100m loan note will be issued by a member of the OVO group and will be due in 2029, unless repaid earlier,
with an annual interest rate of 13.25% payable in kind.
• As stated, when the Transaction was announced on 13 September 2019, the cash proceeds received will be subject to
a deduction of £59m reflecting debt-like items including SSE Energy Services accruals in respect of the Capacity
Market Mechanism.
• The Transaction was agreed on the basis of a ‘Locked Box’ mechanism, which set the date for the transfer of the
economic interest in SSE Energy Services at 30 June 2019.
• SSE submitted Renewable Obligation Certificates in August 2019 in satisfaction of SSE Energy Services’
Renewables Obligation for the obligation period ended 31 March 2019, the last full financial year of SSE ownership.
OVO will be liable for all Renewable Obligations accrued thereafter.
• All of SSE Energy Services’ c.8,000 employees will transfer to OVO Energy.
• In order to ensure a smooth transition, for a period post completion, SSE will continue to provide certain services to
OVO under a Transitional Services Agreement.
• Certain defined benefits pension liabilities of SSE Energy Services, relating to c.140 employees who have chosen to
transfer their benefits, will transfer fully funded from SSE pension schemes to a new SSE Energy Services pension
scheme.
• There will be no immediate day-to-day impact on customers; the SSE brand will be operated by OVO under license
for a period, allowing time for a phased and carefully managed migration and continued high standards of customer
service.
Executive Commentary
Chief Executive of SSE plc, said: “We are very pleased to be completing this transaction, which we firmly
believe is the best outcome for the business, its customers and its employees. The sale is in line with our clear
strategy, centered on developing, operating and owning renewable energy and electricity network assets, along
with growing businesses complementary to this core. SSE enters the new decade as a more focused group, even
better positioned to lead the low carbon transformation required to achieve the UK’s vital net zero commitment
in the years to come.”
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Tokyo power (Japan) FY2019 Third Quarter Financial Results
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• Consolidated ordinary income increased year-on-year by 26.5% to 309.9 billion yen billion due to a gain generated by the fuel cost adjustment system time lag and
continual efforts on behalf of the entire Group to cut costs even though electricity sales volume for the TEPCO Group decreased YoY by 2.9% to 164.7 billion kWh.
• The Group posted 367.2 billion yen in extraordinary income, which has remained unchanged from the second quarter, extraordinary loss was 205.3 billion yen.
• The Group posted 367.2 billion yen in extraordinary income, which has remained unchanged from the second quarter, extraordinary loss was 205.3 billion yen.
• This extraordinary loss includes 0.3 billion yen of contingent loss on assets equal to the book value of assets ruined by Typhoons Faxai, Hagibis and Bualoi, 27.4
billion yen of extraordinary loss on disaster due to an increase in the estimated costs required to cover the repair of assets damaged by the 2011 Tohoku Taiheiyo-oki
Earthquake and for the expenses required to repair assets damaged by the aforementioned typhoons, and 81.9 billion yen for nuclear damage compensation.
• Net income attributable to owners of the parent was 434.8 billion-yen.Net income attributable to owners of the parent was 434.8 billion yen.
• TEPCO HD ordinary income decreased by 30.6-billion-yen YoY to 148.3 billion yen primarily due to a decrease in wholesale power sales to TEPCO Energy Partner,
Inc.
• Ordinary income for TEPCO Fuel & Power, Inc. increased by 58.8-billion-yen YoY to 62.3 billion yen due to an income gain by JERA, which has succeeded our
thermal power generation business, etc., generated by the fuel cost adjustment system time lag.
• Ordinary income for TEPCO Power Grid Inc. increased by 12.2-billion-yen YoY to 175.3 billion yen primarily due to decreases in maintenance expenses and
depreciation costs.
• Ordinary income for TEPCO Energy Partner, Inc. increased by 15.2-billion-yen YoY to 54.6 billion yen primarily due to a decrease in power purchased from TEPCO
HD.
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SSE Plc (UK) to complete sale of SSE energy services to OVO energy
Highlights
• GAAP EPS of $1.00 and adjusted EPS of $1.17 per diluted share compared to GAAP EPS
of $0.36 and adjusted EPS of $0.81 per diluted share in the prior-year period.
• Reportable segments earnings before interest expense and income taxes of $418.7 million
compared to $345.6 million in the prior-year period.
• Gas Utility's new base rates went into effect on October 11, 2019.
• Auburn IV expansion completed on time and placed into service on November 1, 2019.
Key Drivers of First Quarter Results
• AmeriGas: Retail volume decreased 1.9% on weather that was 1.2% warmer than the
prior year; Cylinder Exchange and National Accounts volume increased 6.8% and 12.0%,
respectively
• UGI International: Retail volume increased 3.7% despite weather that was 2.7% warmer
than the prior year, reflecting solid core demand and higher crop drying volumes; higher
total margin driven by lower cost of LPG, effective recovery of costs associated with
energy conservation certificates and sound expense management
• Midstream & Marketing: Higher gas gathering margin attributable to CMG and Auburn
IV gathering systems; higher LNG trucking volume and additional peaking contracts
compared to the prior-year period
• UGI Utilities: Core market volumes decreased 1.5% due to weather that was 3.7%
warmer than the prior-year period; higher total margin driven by the increase in base rates
and higher margin from large firm and interruptible delivery service customers
Executive Commentary
"This was an important quarter for UGI as we completed our first full period of results
after the AmeriGas Merger and CMG Acquisition," said President and chief executive
officer of UGI Corporation. UGI delivered GAAP earnings per share of $1.00, adjusted
earnings per share of $1.17 and continued to make progress on our strategic initiatives.
Gas Utility's new base rates went into effect on October 11th and on January 28th we
filed a request for an overall distribution rate increase of approximately $75 million.
The Midstream and Marketing team completed the expansion of our Auburn gathering
system and remains on target to complete the construction of the Bethlehem LNG
facility in late 2020. Additionally, we were pleased to see the CMG system deliver
solid results in the quarter. The LPG businesses made good progress on business
transformation initiatives and continued to deliver strong performance from our growth
drivers. All of these key investments support our long-term goal to grow and deliver
value for our shareholders."
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Waste Connections (Canada) Reports Fourth Quarter Results And
Provides 2020 Outlook
Fourth Quarter 2019 Highlights
• Revenue of $1.362 billion, up 7.9%
• Net income attributable to Waste Connections of $133.3 million, or $0.50 per share
• Adjusted net income attributable to Waste Connections* of $181.4 million, or $0.69 per share
• Adjusted EBITDA* of $419.0 million, or 30.8% of revenue
Full-Year 2019 Highlights
• Revenue of $5.389 billion, up 9.5%
• Net income attributable to Waste Connections of $566.8 million, or $2.14 per share
• Adjusted net income attributable to Waste Connections* of $719.6 million or $2.72 per share
• Adjusted EBITDA* of $1.674 billion, or 31.1% of revenue, up 6.8%
• Net cash provided by operating activities of $1.541 billion, up 9.2%
• Adjusted free cash flow* of $916.8 million, or 17.0% of revenue
• Completes acquisitions with approximately $300 million of total annualized revenue
Looking at 2020
• Expects revenue in the range of $5.725 billion to $5.775 billion, excluding additional acquisitions
• Expects net income attributable to Waste Connections in the range of $653.0 million to $668.0
million
• Expects adjusted EBITDA* in the range of $1.760 billion to $1.785 billionExpects net cash
provided by operating activities in the range of $1.600 billion to $1.625 billion
• Expects adjusted free cash flow* in the range of $975.0 million to $1.0 billion
Executive Commentary
"2019 ended on a high note, as financial results for the fourth quarter exceeded expectations on
better than expected solid waste price growth, E&P waste activity and acquisition contribution.
We are also extremely pleased with our results for the full year, as underlying adjusted
EBITDA* margins in solid waste collection, transfer and disposal expanded by 50 basis points.
Moreover, our ability to deliver full year adjusted free cash flow* of $916.8 million or 17.0% of
revenue and 54.8% of adjusted EBITDA* on a 16.2% increase in capital expenditures as we
reinvested in and expanded our business is indicative of our disciplined focus on quality of
revenue and free cash flow generation," said President and Chief Executive Officer.
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WEC Energy Group (USA) to acquire 80% ownership in Blooming
Grove Wind Farm
WEC Energy Group announced that the company has agreed to acquire an 80%
ownership interest in Blooming Grove Wind Farm. The project is being
developed in McLean County, Illinois by Invenergy -- a leading developer and
operator of sustainable energy solutions. Commercial operation is expected to
begin by the end of 2020. The wind farm has long-term offtake agreements for
all the energy produced with affiliates of two investment grade multinational
companies. The Blooming Grove site will consist of 94 GE wind turbines with a
combined capacity of 250 megawatts. WEC Energy Group's investment will
total $345 million for the 80% ownership interest. Under the tax rules, the WEC
Energy Group investment is expected to be eligible for 100% bonus depreciation
and production tax credits. The transaction is subject to receiving all necessary
regulatory approvals. WEC Energy Group, based in Milwaukee, is one of the
nation's premier energy companies, serving 4.5 million customers in Wisconsin,
Illinois, Michigan and Minnesota. The company's principal utilities are We
Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan
Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy
Resources. The company's other major subsidiary, We Power, designs, builds
and owns electric generating plants.
Executive Commentary
"This is the latest in a series of investments that fit exceptionally well with
our strategy of deploying capital in renewable energy assets that will serve
strong, vibrant companies for years to come," said Executive chairman of
WEC Energy Group.
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Solutions Updates
Utility Industry
Solution Updates
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Ameren Illinois (USA) Unveils Two-Year Electric Grid Upgrade in Jersey,
Macoupin Counties
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17
Solution Description
Ameren Illinois announced a two-year electric grid project to enhance service reliability for customers in Jersey and Macoupin
counties. The company is fortifying power lines and power poles to withstand high winds during storms as well as making
enhancements at substations in Jerseyville, Piasa and Brighton. The total investment in the project is more than $18 million.
• Phase 1 – Crews will upgrade 13.5 miles of power lines and replace more than 300 power poles from Jerseyville to Brighton. Part
of the project includes installing a new three-mile circuit to connect the Piasa Junction and Brighton substations. This will improve
the resiliency of the grid and allow for power to be re-routed between the two substations in the event of a service outage. The
project is scheduled to starts this month with an estimated investment of $10.5 million.
• Phase 2 – In 2021, substation electricians will begin making upgrades to the Jerseyville, Piasa Junction and Brighton substations
to add more resiliency to the local grid. New equipment is being added at each substation to meet future electric load increases and
to assist in re-routing power to the other substations in the event of an outage. The investment is estimated to be $7.9 million.
The enhancements are part of Ameren Illinois' multi-year initiative to modernize its energy delivery system. Since 2012, the
company has implemented hundreds of projects, added new technology and strengthened poles, wires and distribution equipment.
As a result, reliability has improved by an average of 17 percent and the time of an outage has been reduced by 19 percent.
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Enel X (Italy) launches first project in Italy to aggregate residential storage
units offering network balancing services
18
Solution Description
The Residential energy storage systems will be able to offer balancing services to the electricity grid thanks to the experimentation
launched by Enel X, the Enel Group business line that focuses on innovative products and digital solutions, in collaboration with
RSE. The project was launched in the provinces of Brescia, Bergamo, and Mantua and the first residential storage systems were
included in the UVAM aggregates at the end of December 2019. The experimentation allows for the aggregation of residential
energy storage systems in order to enable private users to also participate in active demand management programs through the
UVAM aggregates. The latter units allow the distributed resources to participate in the supply of flexibility services to the
electricity network; a prerogative that until recently was reserved only for large production plants or industrial loads. With this
initiative, the first residential storage systems managed by Enel X, as an aggregator, are also included in the UVAM aggregates
within a sort of virtual plant offering network services. The trial, which will end at the end of 2020, already includes the
participation of more than 100 photovoltaic systems with storage. All owners of residential plants and small businesses in the
provinces concerned can join the initiative and leverage on its benefits by joining the Enel X Smart Community.
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PSEG (USA) Long Island Launches New Mobile App for Customers
19
Solution Description
PSEG Long Island announced it has launched a new mobile app that enables customers using Apple or Android devices to securely and
easily manage electric accounts while on the go. The new mobile app is the most recent example of the company’s commitment to
improving customer service through innovation and technology advancements. The PSEG Long Island mobile app is the most recent
example of a commitment to continue improving customer service through technology advancements. PSEG, was named to CIO
Magazine’s 2019 CIO 100 list for its release of an Amazon Alexa customer service “skill” that allows customers to verbally ask billing
questions, make payments, and get tips for reducing their energy usage and lowering their bills through Alexa-enabled devices. The list
commends organizations that use leading-edge IT practices to create competitive advantages, improve business processes, enable growth
and improve relations with customers. The PSEG Long Island website, recently updated with a more modern, completely mobile design
that’s more useful and easier to navigate, was named No. 1 in the tristate area in 2019 by E Source, a leading market research and
consulting firm for utilities. The PSEG Long Island MyPower map was updated to include additional information, such as crew location,
cause and restoration of outages. An interactive reliability layer was also added to the map, detailing the reliability, FEMA, and circuit
improvement projects PSEG Long Island is currently working on throughout the service territory. In addition, customers can interact with
PSEG Long Island on Facebook, Twitter, Instagram and LinkedIn.
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SoCalGas, (USA) the San Joaquin Valley Air Pollution Control District, and Western Milling
Unveil First of Nearly 30 New Ultra-low Emissions Trucks During World Ag Expo
20
Solution Description
Southern California Gas Co., officials from the San Joaquin Valley Air Pollution Control District and Western Milling, one of the largest
and most diverse manufacturers and suppliers of nutrient solutions for plants, animals, and people in the U.S., unveiled the first of a planned
30 new ultra-low emissions trucks the company will deploy at its operation in Goshen, Calif. The near-zero emissions natural gas trucks
will be fueled with renewable natural gas that can virtually eliminate smog-forming pollutants and reduce greenhouse gas emissions linked
to climate change by as much as 80 percent. These new trucks are powered by a 12-liter Cummins Westport engine, the first engine of its
kind to meet the California Air Resources Board optional low NOx standard. In addition, Western Milling revealed plans to open a new
public fueling station supplying renewable natural gas in the city of Goshen later this year. Western Milling's investment in its new natural
gas trucks was supported by the San Joaquin Air Pollution Control District's Truck Replacement Program, an initiative to replace on-road
diesel trucks with cleaner technology units or to expand fleets with the cleanest technology available – particularly in low income and
disadvantaged communities experiencing greater air quality impacts. The program provides funding under its Standard Replacement, 2010
Compliant Replacement, and Fleet Expansion program options.
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Rewards & Recognition Updates
Utility Industry
R & R Updates
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Alliant Energy (USA) Earns Top Marks in 2020 Corporate Equality
Index
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21
Alliant Energy’s perfect score on the 2020 Corporate Equality Index reflects the company’s commitment to
employees and others in the LGBTQ+ community. The CEI is the premier benchmarking survey and report on
LGBTQ+ workplace equality, administered by the Human Rights Campaign Foundation. The CEI evaluates
non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits,
competency programs and public engagement with the LGBTQ+ community. Alliant Energy satisfied all of the CEI
criteria, scored a 100 percent ranking and was designated a Best Place to Work for LGBTQ+ Equality for the third
year in a row. Alliant Energy is particularly proud of their Equality Alliance Employee Resource Group that
promotes a safe and inclusive workplace for LGBTQ+ employees and engages allies. They provide insight and
inspire change on company policies and practices, educate fellow employees and strengthen ties with LGBTQ+
organizations in their communities.
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AEP (USA) Receives Perfect Score, Named One of The Best Places to
Work for LGBTQ Equality
22
American Electric Power has been named one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation. AEP earned a
perfect score on the foundation’s 2020 Corporate Equality Index, an annual measure of how equitably large businesses in the United States treat their lesbian,
gay, bisexual, transgender and queer employees, consumers and investors. The Human Rights Campaign Foundation rated companies based on three criteria:
non-discrimination policies across business entities; equitable benefits for LGBTQ workers and their families; and supporting and inclusive culture and
corporate social responsibility.
AEP’s perfect score was achieved by meeting the following requirements:
• Prohibits discrimination based on sexual orientation for all operations
• Prohibits discrimination based on gender identity for all operations
• Equivalency in same- and different-sex spousal medical and soft benefits
• Equivalency in same- and different-sex domestic partner medical and soft benefits
• Equal health coverage for transgender individuals without exclusion for medically necessary care
• Three LGBTQ internal training and education best practices
• Employee group or diversity council
• Three distinct efforts of outreach or engagement to the broader LGBTQ community; and if a supplier diversity program is in place, must include LGBTQ
suppliers
• Contractor/supplier non-discrimination standards and philanthropic giving guidelines
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AEP (USA) Named One of Fortune's World's Most Admired Companies
for Seventh Consecutive Year
23
American Electric Power has been named to Fortune magazine’s World’s Most Admired Companies list in the electric and gas utilities
sector for the seventh year in a row. A total of 680 companies from 30 countries were surveyed for inclusion on this year’s list, which
evaluates companies’ financial performance and corporate reputation. Each year, Fortune surveys top executives, directors and financial
analysts about the companies in their industry based upon nine criteria: financial soundness, use of corporate assets, long-term investment
value, quality of management, quality of products and services, people management, innovation, social responsibility, and global
competitiveness. American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering
new technologies and custom energy solutions to our customers. AEP's approximately 18,000 employees operate and maintain the nation's
largest electricity transmission system and more than 219,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly
5.4 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000
megawatts of diverse generating capacity, including about 5,200 megawatts of renewable energy. AEP's family of companies includes
utilities AEP Ohio, AEP Texas, Appalachian Power, AEP Appalachian Power, Indiana Michigan Power, Kentucky Power, Public Service
Company of Oklahoma, and Southwestern Electric Power Company. AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite
Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide.
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AEP (USA) selected for 2020 Bloomberg gender-equality index
24
American Electric Power is among 325 companies included in the 2020 Bloomberg Gender-Equality Index, which recognizes companies that are
trailblazers in their commitment to gender reporting and advancing women’s equality. This is the second consecutive year AEP has been included in
the index. This year’s GEI is based upon scoring in five metrics: female leadership and talent pipeline; equal pay and gender pay parity; inclusive
culture; sexual harassment policies; and pro-women brand. AEP was included in this year’s index for scoring at or above a global threshold
established by Bloomberg to reflect a high level of disclosure and overall performance across the framework’s five pillars. The index includes firms
from 50 industries headquartered across 42 countries and regions. American Electric Power, based in Columbus, Ohio, is focused on building a
smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP's approximately 18,000 employees
operate and maintain the nation's largest electricity transmission system and more than 219,000 miles of distribution lines to efficiently deliver safe,
reliable power to nearly 5.4 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately
31,000 megawatts of diverse generating capacity, including about 5,200 megawatts of renewable energy. AEP's family of companies includes utilities
AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power,
Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the
Texas Panhandle). AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative
competitive energy solutions nationwide.
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Alliant Energy (USA) Earns Top Marks in 2020 Corporate Equality
Index
25
Alliant Energy’s perfect score on the 2020 Corporate Equality Index reflects the company’s commitment to
employees and others in the LGBTQ+ community. The CEI is the premier benchmarking survey and report on
LGBTQ+ workplace equality, administered by the Human Rights Campaign Foundation. The CEI evaluates
non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits,
competency programs and public engagement with the LGBTQ+ community. Alliant Energy satisfied all of the CEI
criteria, scored a 100 percent ranking and was designated a Best Place to Work for LGBTQ+ Equality for the third
year in a row. Alliant Energy is particularly proud of their Equality Alliance Employee Resource Group that
promotes a safe and inclusive workplace for LGBTQ+ employees and engages allies. They provide insight and
inspire change on company policies and practices, educate fellow employees and strengthen ties with LGBTQ+
organizations in their communities.
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Dominion Energy (USA) Recognized for Outstanding Storm Response
26
The Edison Electric Institute has awarded Dominion Energy with the association’s Emergency Recovery Award for
the company’s outstanding power restoration efforts after Hurricane Dorian caused more than 172,000 outages in
Dominion Energy’s eastern Virginia and North Carolina service territory. Dominion Energy crews restored service to
100 percent of customers within three days after the storm, dedicating some 53,400 man-hours to the recovery effort.
This marks the ninth time the company has received the Recovery Award from EEI. This award is given to select EEI
member companies to recognize their extraordinary efforts to restore power to customers after service disruptions
caused by severe weather conditions or other natural events. The winners are chosen by a panel of judges following
an international nomination process. Dominion Energy received the award during EEI’s Winter Board and Chief
Executives Meeting January 8 in Tucson, Ariz. This is the company’s 12th response award from EEI. Hurricane
Dorian hit eastern Virginia and North Carolina on September 6 as a Category 1 hurricane with sustained winds of
35-to-55 miles per hour and gusts as high as 99 miles per hour, as measured at the Oregon Inlet Coast Guard Station
in North Carolina’s Outer Banks.
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Duke Energy (USA) earns top marks in 2020 Corporate Equality Index
27
Duke Energy has received a perfect score for the third year in a row on the Human Rights Campaign’s 2020 Corporate Equality Index,
a national benchmarking study that annually ranks companies on LGBTQ-friendly corporate practices and policies. Duke Energy’s
score of 100% earned the company inclusion on the organization’s list of “Best Places to Work for LGBTQ Equality.” The 2020
Corporate Equality Index rates employers based on criteria in five categories: non-discrimination policies, benefits, organizational
competency and accountability around LGBTQ inclusion, public commitment and citizenship. Duke Energy is one of only four
companies headquartered in the Charlotte region to achieve a perfect score. Among the policies and practices in place at Duke Energy
are anti-discrimination training, equal health coverage for transgender individuals, philanthropic giving to support the LGBTQ
community, and an employee resource group whose mission is to promote LGBTQ inclusion. Duke Energy is transforming its
customers’ experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a
smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit’s regulated utilities serve
approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.
The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina,
South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across
the U.S., as well as energy storage and microgrid projects.
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Duke Energy (USA) named one of Fortune’s ‘World’s Most Admired Companies’
for third consecutive year
28
Duke Energy has been named to Fortune magazine’s 2020 list of the World’s Most Admired Companies for the third year in a row. Duke Energy was
ranked 5th among gas and electric utilities.
Recent company performance highlights
• Delivering value to customers – Duke Energy’s 7.7 million electric customers continue to benefit from rates below the national average, while also
receiving strong reliability.
• Combating climate change – Since 2005, Duke Energy has reduced its carbon emissions by 31%. In September, the company updated its climate
strategy with a new goal of net-zero carbon emissions by 2050 and accelerated its 2030 goal, now cutting carbon emissions by at least 50%.
• Responding to storms – In response to Hurricane Dorian, Duke Energy mobilized nearly 8,000 resources in Florida and more than 10,000 resources
in the Carolinas and restored more than 95% of the 300,000 outages within 24 hours.
• Investing in renewable energy – Since 2007, Duke Energy has grown its renewable generation portfolio and now has more than 7,100 megawatts
(MW) of wind, solar and biomass capacity owned or under contract. Duke Energy is on track to meet its goal of owning or having under contract
8,000 MW of wind, solar and biomass capacity by the end of 2020.
• Powering communities – Through its Powerful Communities program, the Duke Energy Foundation annually invests more than $30 million in
charitable grants to bolster education, advance the workforce, safeguard nature and strengthen communities. Through the Duke Energy In Action
program, employees and retirees annually volunteer more than 100,000 hours and donate millions of dollars to non-profit organizations.
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Enel (Italy) included for the first time in the Bloomberg Gender Equality Index and
Corporate Knights Global 100 ranking
29
Enel has been included for the first time in the Bloomberg Gender Equality Index, being one of the leading 325 companies
among nearly 6,000 companies publicly-listed firms across 84 countries assessed based on the extent of the disclosures and
the achievement their gender inclusion initiatives. Enel’s Spanish subsidiary Endesa has also been included for the first
time. In addition, at the World Economic Forum in Davos it was announced that Enel is also included for the first time in
the Corporate Knights Global 100 Most Sustainable Corporations in the World index, reaching the 8th position overall. Enel
ranks first among the four Italian companies included in the index and second within the power sector. The media, research
and financial information products company Corporate Knights includes in the ranking the most active and transparent
companies with regards to sustainable practices and performance. Enel’s inclusion in the Bloomberg GEI is due to its
practices on promoting the presence of women at the Board of Directors, management positions and new hires, contributing
to equal pay and conceiving social benefits and work life balance solutions to all its employees. Furthermore, Enel’s
commitment to transparency on gender equality has also been recognized, making available a wide range of performance
data to investors through Bloomberg database.
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FirstEnergy (USA) Named to Forbes' Best Employers for Diversity 2020 List
30
FirstEnergy Corp. has been named to Forbes magazine's Best Employers for Diversity 2020 list, recognizing the company's efforts to
develop a diverse workforce. Forbes partnered with market research firm Statista to identify America's top 500 employers for diversity
through a survey where employees offered their perceptions on the topics of age, gender equality, ethnicity, disability, LGBTQA+ and
general diversity concerning their own employer. This designation by Forbes is among the recent recognition FirstEnergy has received
for its commitment to diversity in the workplace. The company was also named to the Bloomberg Gender-Equality Index for the
second consecutive year, and received a score of 80 out of 100 for its initiatives to support LGBTQ employees in the company's first
year participating in the Human Rights Campaign's 2020 Corporate Equality Index. FirstEnergy has made significant strides to further
embed diversity and inclusion in its culture. Through an annual survey that measures employee perceptions of diversity and inclusion,
an increased number of employees indicated that they feel comfortable voicing their opinions openly. Together with initiatives such as
employee business resource groups, enhanced hiring, recruiting and development processes that focus on diversity and inclusion, and a
formal mentoring program, the company continues to engage employees in its efforts to make FirstEnergy a top place to work with an
inviting and open culture.
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FirstEnergy (USA) Earns 2020 Bloomberg Gender-Equality Index Designation
31
FirstEnergy Corp. has been included in the Bloomberg Gender-Equality Index, earning recognition for its commitment to women's
equality in the workplace. The GEI uses a standardized reporting framework to measure gender equality across five pillars: female
leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies and factors like supply
chain and community support. Companies included in the index scored at or above a global threshold established by Bloomberg to
reflect a high level of disclosure and performance across the framework's five pillars. In addition to tracking gender equality within the
GEI framework, FirstEnergy has taken other significant steps to support women in the workplace, including establishing employee
business resources groups (EBRGs) dedicated to promoting the professional development of women, as well as offering a formal
mentoring program and leadership-focused learning opportunities for women. The 2020 GEI includes organizations across 50
industries, including energy, automotive, banking, consumer services, engineering and construction, and retail. To enhance global
perspective, eligibility for the GEI was expanded this year to include 33 additional countries, giving 6,000 companies in 84 countries
the opportunity to participate.
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Hydro One (Canada) highest ranking Utility employer in Ontario: Forbes Canada's
Best Employers
32
This week Hydro One placed first among Ontario utilities on Forbes’ annual list of Canada's Best Employers. In addition, Hydro One
ranked third in the Utilities category in Canada, while improving its overall ranking on the annual list by 16 positions from the previous
year. In collaboration with analytics firm Statista, Forbes selected Canada’s Best Employers 2020 based on an independent survey of more
than 8,000 Canadian employees working for companies employing at least 500 people in their Canadian operations. The surveys were
administered in a series of online panels and provide a representative sample of the Canadian workforce. Hydro One Inc. is a fully owned
subsidiary of Hydro One Limited, Ontario's largest electricity transmission and distribution provider with almost 1.4 million valued
customers, over $25.6 billion in assets and 2018 annual revenues of over $6.1 billion. Our team of approximately 8,600 skilled and
dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful
communities. In 2018, Hydro One invested almost $1.6 billion in its 30,000 circuit kilometres of high-voltage transmission and 123,000
circuit kilometres of primary distribution networks and injected approximately $1.3 billion into the economy by buying goods and services
in Ontario. They are committed to the communities where we live and work through community investment, sustainability and diversity
initiatives. They are designated as a Sustainable Electricity Company by the Canadian Electricity Association.
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National Grid (UK) Named Top Diversity Employer
33
National Grid won two awards recognizing the company’s inclusion & diversity efforts in the workplace. The Human Rights Campaign
Foundation designated National Grid as a “Best Place to Work for LGBTQ Equality” in their 2020 Corporate Equality Index, and gave
the company a score of 100 points. The Index evaluates workforce protections, inclusive benefits, inclusive culture, and corporate
social responsibility. Forbes included National Grid on a list of the Best Employers for Diversity 2020. The company was selected
based on an independent survey from a representative sample of 60,000 employees working for companies employing at least 1,000
people in their US operations. Respondents answered questions regarding the topics of age, gender equality, ethnicity, disability,
LGBTQA+, and general diversity concerning their own employer. National Grid has 11 Employee Resource Groups including Enabling
Disability Confidence, the Hispanic Professional Association, PRIDE, and WiNTR. ERGs provide opportunities for employees to build
their careers and skills through networking, peer mentoring, and engagement with senior leadership. National Grid also provides
equitable and inclusive benefits to all employees and covers sexual orientation and gender identity in Equal Employment Opportunity
policies. Their US executive team is over 60% diverse.
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NTPC (India) features among India’s Best Workplaces in Manufacturing 2020
34
NTPC Ltd, India’s largest Power Producer has been featured among India’s Best Workplaces in Manufacturing 2020-Top 30. NTPC has
been recognized as one of India’s Best Workplaces for creating an environment of high-trust, high-performance culture and imbibing
aspects of credibility, respect, fairness, pride and camaraderie among its employees. NTPC continues to provide its people with a
superlative work experience. Whether it is a professional enrichment or personal support, NTPC has best in class practices that are
thoughtfully designed and robustly executed. The efforts to constantly re-invent and keep up with the times are commendable. The
never-ending spirit to serve communities and thereby the nation makes NTPC truly worthy of its title of a Maharatna” Great Place to
Work added. NTPC has been constantly innovating and pioneering people practices in the domain of hiring, engagement, diversity &
inclusion, rewards & recognition, training & development and performance management. NTPC has recently initiated an ‘NTPC
Series’ on success stories beyond official work, 'Ambition, Growth, Success Beyond Work’ on the achievements of employees beyond
their official assignments. The ‘Best Workplaces in Manufacturing 2020’ recognition is given by Great Place to Work®, a global
authority on building, sustaining and recognizing High-Trust, High-Performance Culture at workplaces around the world. Every year,
Great Place to Work® partners with more than 1000 organizations in India and after a rigorous assessment, identify the best of them as
Great Workplaces. This recognition is a celebration of the best work cultures in the country and is the most prestigious and the most
credible employer brand recognition.a
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Republic Services (USA) Recognized on CDP "A List" for Taking Lead on Climate
Change
35
Republic Services, Inc. announced that CDP, the global environmental impact non-profit, named the Company to the prestigious Climate "A List" for
its science-based goals, strategies and actions to lower greenhouse gas emissions and mitigate climate risks. CDP's annual rankings recognize
companies from around the world that are pioneers for action on climate change, water and deforestation. In 2019, CDP scored more than 8,400
companies, with only the top two percent making the A List.
Our Blue Planet: 2030 Goals
• Reduce OSHA Total Recordable Incident Rate to 2.0 or less by 2030
• Engaged Workforce: Achieve and maintain employee engagement scores at or above 88 percent by 2030
• Climate Leadership: Reduce absolute Scope 1 and 2 greenhouse gas emissions 35 percent by 2030, approved by SBTi1
• Circular Economy: Increase recovery of key materials by 40 percent on a combined basis by 2030
• Regenerative Landfills: Increase biogas sent to beneficial reuse by 50 percent by 2030
Charitable Giving: Positively impact 20 million people by 2030In 2019 Republic announced a new set of long-term goals designed to address critical
global macrotrends related to the Company's most important sustainability risks and opportunities. These goals also align with the United Nations
Sustainable Development Goals. The CDP Climate A List score reflects Republic's commitment to sustainability, including the new goals, increased
disclosures and notable sustainability achievements as demonstrated by inclusion in Barron's 2019 100 Most Sustainable Companies, Forbes 2019
Best Employers for Women and Ethisphere's 2019 World's Most Ethical Companies.
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Sempra Energy (USA) Recognized for Diversity Practices by Bloomberg, Forbes
And Human Rights Campaign
36
Sempra Energy was recognized by three organizations this week for its diversity and inclusion practices. The company was
named a "Best Place to Work for LGBTQ Equality" by the Human Rights Campaign, receiving a perfect score on the
organization's Corporate Equality Index for the 12th consecutive year. Sempra Energy was also listed on the 2020 Bloomberg
Gender-Equality Index and named one of "America's Best Employers for Diversity" by Forbes. The Corporate Equality Index
is released annually by the Human Rights Campaign and serves as the nation's premier benchmarking survey and report
measuring corporate policies and practices related to LGBTQ workplace equality. The Human Rights Campaign's index
measures companies on five categories: non-discrimination policies, employment benefits, demonstrated competency and
accountability around LGBTQ diversity and inclusion, public commitment to LGBTQ equality and responsible citizenship.
Sempra Energy was also one of 325 companies recognized on the Bloomberg Gender-Equality Index, which distinguishes
companies committed to transparency in gender reporting and advancing women's equality. This year, the index included
companies from 11 sectors headquartered across 42 countries and regions. The reference index measures gender equality across
five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies
and pro-women brand.
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Sempra Energy (USA) Named to Fortune Magazine's 'World's Most Admired Companies'
List For 2020
37
Sempra Energy has been named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This is the 10th
time the company has been recognized on the list, which ranks global businesses with the strongest reputations within their
industries. Sempra Energy's inclusion on the ranking demonstrates the company's commitment to purpose-driven performance.
The company's 20,000 employees are united in advancing Sempra's mission to be North America's premier energy
infrastructure company by safely delivering reliable, affordable energy to over 40 million consumers every day. Since 2018, the
company has focused its portfolio to include transmission and distribution assets in the most attractive markets in North
America, including the LNG export market. Sempra Energy's public utilities power homes and businesses in California and
Texas. The company also develops and operates strategic energy infrastructure in the United States and Mexico, including
liquefied natural gas facilities, with a goal of delivering 45 million tonnes per annum of clean natural gas to the largest world
markets. Fortune partners with Korn Ferry Hay Group, a global management consulting firm, to select companies for the
annual "World's Most Admired Companies" list. Fortune considered the 1,000 largest U.S. companies ranked by revenue for the
list, along with non-U.S. companies that have revenues of approximately $10 billion or more. The rankings are determined by
surveying senior executives and directors from about 680 companies and 52 industries, as well as financial analysts.
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Southern Company (USA) earns perfect score in Human Rights Campaign Foundation's
2020 Corporate Equality Index
38
Southern Company has earned a 100 percent rating on the Human Rights Campaign Foundation's 2020 Corporate Equality Index. This is the
fourth consecutive year Southern Company has been named one of the Best Places to Work for LGBTQ Equality by the Human Rights
Campaign Foundation. Southern Company is committed to fostering a welcoming and inclusive environment where employees from different
backgrounds and perspectives can realize their full potential. Throughout the organization, Southern Company is dedicated to empowering all
employees to contribute, flourish and advance. The CEI is the national benchmarking survey used to report on corporate policies and practices
relating to LGBTQ workplace equality. Using its most rigorous criteria to date.
The CEI rating criteria have three key pillars:
• Non-discrimination policies across business entities;
• Equitable benefits for LGBTQ workers and their families; and
• Supporting an inclusive culture and corporate social responsibility.
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. Southern Company brands are known for excellent customer service, high reliability and affordable prices
below the national average.
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Southern Company (USA) Named to FORTUNE's 2020 World's Most Admired Companies
List
39
Southern Company has been recognized by FORTUNE magazine on its 2020 World's Most Admired Companies list, a ranking of the world's
most respected and reputable companies, based on a survey of almost 3,800 executives, directors and analysts. Southern Company is privileged
to provide the clean, safe, reliable and affordable energy customers depend on to live, work and play. Southern Company has been entrusted with
an enormous responsibility and operates its businesses accordingly. For more than a century, the company has been building the future of energy
and developing the full portfolio of energy resources required to drive growth and prosperity. Southern Company and its subsidiaries recognize
the responsibility that comes with a privilege to develop energy solutions and are steadfast in the commitment to customers, neighbours and
communities. FORTUNE collaborated with management consulting firm Korn Ferry on this survey of corporate reputation. They began with a
group of about 1,500 candidates: the 1,000 largest U.S. companies by revenue, along with non-U.S. companies in FORTUNE's Global 500
database that have revenues of $10 billion or more. To determine the best-regarded companies in 52 industries, Korn Ferry asked executives,
directors and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to
social responsibility and ability to attract talent. A company's score must rank in the top half of its industry survey to be listed.
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Southern Company (USA) Gas Subsidiary Chattanooga Gas Ranked No. 1 in Business
Customer Satisfaction
40
Southern Company Gas subsidiary Chattanooga Gas earned the top-ranking score for customer satisfaction in a 2019 survey of the business
community rating the 76 largest utilities in the United States. Chattanooga Gas sister companies, Virginia Natural Gas and Nicor Gas, also
received high marks, earning all three natural gas providers the title of "Business Customer Champion" from the survey's conductor, analytics
firm Escalent. The Cogent Syndicated Utility Trusted Brand and Customer Engagement Business Study by Escalent measured overall business
customer engagement based on three core components: brand trust, product experience and service satisfaction. Three of Southern Company
Gas' local distribution companies ranked in the 2019 survey: Chattanooga Gas achieved the highest Engaged Customer Relationship score in the
entire industry, earning 826 out of 1,000 points. Virginia Natural Gas ranked second in the South region and third overall with an ECR of 808.
Nicor Gas finished fifth in the Midwest region with an ECR of 790. This is the first full year that all eligible Southern Company Gas utilities
have participated in this study. Southern Company Gas' fourth utility, Atlanta Gas Light, was ineligible to be included in the study due to its
deregulated model. This is the 21st customer-related award Southern Company Gas has received since 2014. Earlier in 2019, Chattanooga Gas
and Virginia Natural Gas received the Most Trusted Brand award from Escalent. That award is based on the brand trust category only and is
measured against six brand trust index components such as local outreach, reputation, customer advocacy, environmental focus, communications
effectiveness and brand traits.
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Galway Wind Park (Ireland) Scholarship Wins at IWEAAwards
41
Galway Wind Park, Ireland’s largest onshore wind farm, bagged yet another award at the annual Irish Wind Industry
Awards. The 174MW project, co-owned by SSE Renewables and Greencoat Renewables, took home the opening award of
the night for Wind Energy in the Community for the launch of Ireland’s first ever wind-powered third level scholarship. The
scholarship, funded by Galway Wind Park, is set up to support students who live close to the wind park as they embark on
their college education. To date, 40 students have received support from the fund. The Irish Wind Industry Awards,
organised by the Irish Wind Energy Association, have been designed to recognise and celebrate companies and individuals
demonstrating originality, innovation and excellence in Ireland’s wind energy sector. In 2019 Galway Wind Park won both
Community Project of the Year and Project of the Year at the same awards. Galway Wind Park became fully operational in
October 2018 and is now generating enough renewable energy to power around 140,000 homes, while offsetting over
220,000 tonnes of harmful carbon emissions annually. In addition to a multi-million-euro Community Fund, the wind park
also includes the Galway Wind Way, 48km of onsite recreational walking and cycling trails, available for community
members and tourists to enjoy for generations to come.
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TERNA (Italy) confirmed in the Bloomberg gender equality index 2020
42
Terna, the company that manages the Italian electricity transmission grid, was confirmed for the second consecutive year in the
Bloomberg Gender Equality Index, the international index which measures corporate performance on equal pay and the quality and
transparency of public reporting, a decisive element in the overall assessment. The GEI tracks the services of companies dedicated to
sustaining gender equality through development, representation and policy transparency. This index measures gender equality based on
5 pillars: female leadership and talent pipelines, equal pay between men and women, inclusive culture, sexual harassment policies and
female advancement. For the 2020 edition, Bloomberg has expanded the criteria for inclusion in the index to almost 6,000 companies in
84 countries and regions. Terna’s performance for 2020 is considered above average both compared to the companies included in the
index and to the subset of companies in the Utilities sector. A score of 100/100 for disclosure showcases Terna’s choice of reporting
transparency and quality, distinctive characteristics of the Group's sustainability policies. Terna continuously monitors the main gender
equality indicators suggested by the GRI-Global Reporting Initiative standards, alongside a series of management parameters, in order
to certify equal treatment between men and women, which confirms the provisions of the Group's Code of Ethics, i.e. the absence of
disadvantages for women, or significant disparities; this has also been confirmed by the evaluation of “Equal Pay & Gender Pay Parity”
and “Pro-Women Brand”.
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Waste Management (USA) Named on CDP ‘A List’ for Leading Effort Against Climate
Change
43
Waste Management was recognized for its climate action this year, achieving a place on global environmental impact non-profit CDP’s
prestigious ‘A List’ for climate change, based on the company’s climate disclosure in 2019. Waste Management was recognized for its
actions to cut emissions, mitigate climate risks and develop the low-carbon economy, based on the data submitted by the Company
through CDP’s 2019 climate change questionnaire. Waste Management is one of a small number of high-performing companies out of
thousands that were scored. CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of
corporate environmental transparency. In 2019, over 525 investors with over US$96 trillion in assets and 125 major purchasers with
US$3.6 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through
CDP’s platform and over 8,400 responded. A detailed and independent methodology is used by CDP to assess these companies,
allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and
demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that
don’t disclose or provide insufficient information are marked with an F.
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Ameren (USA) completes and energizes Mark Twain Transmission Project
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44
Ameren Transmission Company of Illinois, a wholly owned subsidiary of Ameren Corporation, has completed and energized the Mark Twain
Transmission Project, a 96-mile, 345,000-volt transmission line and substation in northeast Missouri. The line travels west from Palmyra to
Kirksville, Missouri then north to the Iowa border. The Mark Twain Transmission Project is now providing local and regional benefits, including
improved energy grid reliability, increased transmission capacity and greater access to lower cost energy, including renewable sources, such as
wind. The $267 million project, which includes the Zachary substation in Adair County, Missouri, was placed into service as expected on
Dec.19, 2019. Efficient project execution, which included the use of helicopters to install the transmission line, reduced landowner impact and
improved construction efficiency. The Mark Twain Transmission Project has helped enable wind projects under development in Missouri that
will provide lower cost energy to the grid, allowing the benefits of this project to far exceed the project costs. In January 2018, The Missouri
Public Service Commission granted ATXI a certificate of convenience and necessity for the project that is now a critical link in the region's
energy infrastructure. The Mark Twain Transmission Project was approved in 2011 by the Midcontinent Independent System Operator, Inc., a
regional transmission organization. The project is part of a coordinated, multi-state group of transmission projects – known as Multi-Value
Projects – being developed by transmission owners in MISO to improve and strengthen the regional energy grid. Other ATXI Multi-Value
Projects include the Spoon River Project in Illinois, which was completed in February of 2018, and the Illinois Rivers Project, with an
anticipated in-service date of December 2020.
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Enel X (Italy) and Cremonini Group together for sustainable energy solutions
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45
Environmental sustainability and consumption optimization are the objectives shared by Enel X and the Cremonini Group, active in the
food sector, which has chosen the innovative and sustainable solutions of the Enel Group's business line to power with renewable
sources the most important Italian production sites of Inalca, the leading subsidiary company in the meat processing and distribution
abroad of food products. Specifically, Enel X will build photovoltaic systems in eight of the company's industrial plants for a total
capacity of over 4 MW, which will allow annual savings of about 1,850,000 kg of CO2. Currently Inalca generates 100% of the energy
necessary for the operation of its sites and over 40% of this comes from renewable sources. Thanks to the new plants, the company will
increase this share significantly. Enel X, already partner of Chef Express in the field of energy efficiency through the use of digital
platforms, thanks to this agreement strengthens the collaboration with the Cremonini Group company that manages all the catering
activities, installing two photovoltaic systems of 50 kW each in two large motorway service areas in the provinces of Udine and Venice.
In addition to photovoltaic plants, Enel X will offer the Cremonini Group maintenance and energy management services on the
complete portfolio of sites, thanks to the EMS monitoring platform. The agreement also provides for the analysis of the degree of
circularity of the Group, with particular attention to the energy sector, aimed at identifying a roadmap of interventions in line with the
objectives of carbon neutrality and environmental sustainability.
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Republic Services (USA); Foundation Awards 24 National Neighborhood Promise®
Grants for 2020
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46
The Republic Services Charitable Foundation announced that it has awarded 24 National Neighborhood Promise® grants
for 2020, which will fund neighborhood revitalization projects around the country in areas where Republic Services
customers and employees live and work. Projects include renovations to local schools and community centers that provide
healthy and safe spaces for youth, home repairs for veterans and seniors, and beautification efforts including landscaping
and garden beds in public spaces. The Republic Services Charitable Foundation launched the National Neighborhood
Promise program in late 2018, partnering with select nonprofit organizations to directly support neighborhood revitalization
work. The Foundation supports these efforts through granted funds, donated products and services, and volunteer
opportunities for employees. In 2020, the Foundation is providing grants ranging from $20,000 to $250,000 to 24
community partners. The projects in total are estimated to benefit more than 800,000 residents. These efforts support
Republic's long-term charitable giving sustainability goal to positively impact 20 million people by 2030, which also creates
value for the business over the long term.
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RusHydro (Russia) signs first power purchase agreement in an isolated price zone
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47
PJSC Kolymaenergo, a subsidiary of PJSC RusHydro and JSC Polyus Magadan have signed a five-year bilateral power
purchase agreement in the technically isolated power system. Electricity supply will start in 2020 to reach a total of 310
GWh during the contract’s term. The agreement will foster gold mining and hydropower production in the Magadan region.
The price in the agreement is set within the minimum and maximum ranges determined by the regulatory authorities for the
five-year term. This agreement will have no effect on electricity price for other users in the region. Signing of such an
agreement was made possible thanks to changes to the Federal Law “On Electric Power Industry”, as well as to the
resolution of the Government of the Russian Federation on basic principles governing the function of retail electricity
markets as well as approval of the applicable methodological guidelines of the Federal Antimonopoly Service. The changes
refer to economic development of the Far East, primarily at improving the region’s investment climate by introducing
mechanisms for long-term mutually beneficial PPAs in regions with 100% tariff regulation.
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Uniper (Germany) awarded six-year contracts to deliver innovative grid stability
services
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48
Uniper has been awarded four six-year contracts to deliver grid stability services at Killingholme and Grain facilities in Britain.
Following the contract signing, we will repurpose redundant steam generators at Killingholme, and build two new synchronous
compensation units at Grain, which will start delivering inertia services and voltage control to the Grid from April 2021. Uniper
will be the biggest provider of dedicated inertia and voltage control and will deliver the services at Killingholme and Grain up to
2026. Uniper will provide these services without the need for combustion of fuel. This innovative approach removes the need to
use ‘generating’ power stations that have traditionally been needed to keep the system stable and our electricity supply at the
required frequency. These services will operate independently of our current generating assets on site, whilst making use of existing
infrastructure. This will make an important contribution in helping to enable the transition to a low carbon future by maintaining
grid stability and security of supply as more intermittent, renewable generation technology comes online; one of the central
challenges of the energy transition. And Uniper supports National Grid ESO in their ambition to operate a lower carbon energy grid
in the future. This is the first tender National Grid ESO has run under phase one of its System Stability Pathfinder. With further
stability tenders still expected to take place, providing further opportunities for Uniper to utilize its assets and engineering and
market expertise in this fast-developing sector of the energy transition.
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EGAT (Thailand) kicks off the World's Largest Hydro-Floating Solar
Hybrid Project
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49
EGAT and B. GRIMM POWER – ENERGY CHINA CONSORTIUM signed an EPC contract to build the hydro-floating solar hybrid
project at Sirindhorn Dam with the deal worth 842 million baht. The project is an important eco-friendly energy scheme that will encourage
and strengthen Thailand’s security of power system. The solar panels selected for this 45 MW project are crystalline double glass module
which is suitable for being installed on the surface of the water with high moisture. The eco-friendly HDPE plastic floating platform which
is not dangerous to aquatic animals will be installed covering the surface area over 450 rai with low cost of investment by sharing facilities
with the existing transmission system, transformers, and high voltage substations etc. The project is expected to complete within 12 months,
and commercial operation date is scheduled in December 2020. Hydro-Floating Solar Hybrid Project at Sirindhorn Dam is regarded as a
major step in the development of renewable energy in Thailand. It also enables BGRIM to increase the potential and standards in the
development of robust renewable energy business and serve government's policies. The participation in this project will also open up
opportunities for other floating solar projects. In partnership with a global partner, Energy China, as one of the world’s largest
comprehensive energy solutions and a major state owned-conglomerate of the People Republic of China has high potential and
cost-effective advantages in procurement, providing with highest standard of engineering and of construction.
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Atmos Energy (USA) Joins ONE Future, Furthering Commitment to
Long-Term Sustainability
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50
Atmos Energy Corporation announced it has joined Our Nation’s Energy Future Coalition, a voluntary alliance of leading companies
across the natural gas supply chain focused on technology and policy solutions to drive continual improvement in the reduction of
methane emissions. Natural gas is a critical part of our nation’s clean energy future, and Atmos Energy’s membership in ONE Future
reflects the company’s continued commitment to responsible, sustainable practices in its natural gas distribution businesses and pipeline
and storage operations. As part of its membership in ONE Future, Atmos Energy commits to measuring and reporting emissions and
tracking its progress in accordance with ONE Future protocols. The company will continue to focus on innovation, long-term
sustainability and risk mitigation while remaining committed to its vision to be the safest provider of natural gas services. In addition
to ONE Future, Atmos Energy is a founding partner of the Environmental Protection Agency’s Natural Gas Methane Challenge and
natural Gas STAR Programs which are voluntary programs that encourage oil and natural gas companies to improve efficiency and
reduce methane emissions. Atmos Energy also voluntarily reports gas operations data in the Edison Electric Institute and the American
Gas Association (AGA) environmental, social, governance, and sustainability template.
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Dominion Energy, (USA) Trade Unions Announce Virginia Renewable
Energy Partnership
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51
Dominion Energy reaffirmed its commitment to hiring a skilled union workforce by agreeing to negotiate a Project Labour Agreement
with three of the nation’s leading building and construction trade unions. Dominion Energy along with the Virginia State Building and
Construction Trades Council, the International Brotherhood of Electrical Workers and the Labourer’s International Union of North
America Mid-Atlantic Region announced plans to negotiate a Project Labour Agreement, whether directly or through the relevant
contractor, to perform the onshore electrical interconnection work for the first stage of the company’s Coastal Virginia Offshore Wind
commercial project, the largest announced offshore wind project in the Western Hemisphere, located 27 miles off the Virginia Beach
coast. Dominion Energy and skilled craft labour have worked together for many years on traditional energy projects and are extending
this long-standing partnership to renewable energy. The company is the nation’s fourth largest utility operator of solar energy and is
helping Virginia become a leader in U.S. offshore wind development. 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 expects to cut generating fleet carbon dioxide emissions 55 percent by 2030 and reduce methane emissions from its gas
assets 50 percent by 2030.
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Arlington County Partners with Dominion Energy (USA) to Help Achieve
Energy Goals
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52
The Arlington County Board has approved a partnership with Dominion Energy Virginia to purchase power from a solar farm in
southern Virginia. The project goes beyond the County's adopted Community Energy Plan goal of having at least 50 percent of
electricity for County operations come from renewable sources by 2022. The facility is expected to generate about 79,000
megawatt-hours of electricity per year for Arlington County's government operations. That is more than 80 percent of the electricity
used annually for all County buildings, streetlights, traffic signals, water pumping and wastewater treatment. Arlington County is the
first locality in the Commonwealth to enter into a power purchase agreement of this scale for off-site solar energy with an
investor-owned utility company. The agreement will not require any capital funding or upfront costs from the County. The solar farm
will generate electricity that Dominion sells into the wholesale electric grid at market rates. The price for the delivered energy and
renewable attributes will be the difference between the wholesale power price and the contract fixed price. For the first year, the net
credit or cost will be estimated based on price forecasts and estimates of electricity production. In each subsequent year, the credit or
cost will be reset based on the previous year's actual production and costs. Arlington County currently pays Dominion Energy for
electricity. Over time, this agreement is expected to be cost neutral. The project will have no impact on customer rates.
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EDP (Portugal) is a partner in the first European robot center in offshore
wind farms
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53
EDP is a partner in the first European robot center in offshore wind farms. The first European real-time maritime robot testing center
will be set up on the coast of Viana do Castelo. Atlantis Test Center will enable the validation of robotic solutions in the most extreme
weather conditions of the Atlantic Ocean, especially for the inspection and maintenance of offshore wind infrastructure. The European
project Atlantis - The Atlantic Testing Platform for Maritime Robotics: New Frontiers for Inspection and Maintenance of Offshore
Energy Infrastructures, led by INESC TEC and with the participation of EDP and support from various technological and academic
partners, reinforces the development of monitoring and maintenance technologies for wind infrastructures at sea. The project will create
a pioneering platform in Europe which aims to demonstrate robotic technologies and solutions that are essential for the inspection and
maintenance of offshore wind farms around the world. Atlantis will focus on the inspection, maintenance and repair of offshore wind
infrastructures, where a number of autonomous robots (underwater, surface and air) will be developed and tested in various industrial
scenarios, such as the inspection of mooring lines, the monitoring underwater structures and turbine cleaning. The use of robots in this
sector aims to mitigate risk and reduce the cost of operating and maintaining offshore wind farms, particularly in deep water. The center
will use WindFloat Atlantic Park to validate and demonstrate robotic applications developed by research centers or technological
companies, that contribute to the sustainability of this sector.
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Espoo and Fortum (Finland) collaboration on the city’s most significant climate
action: Espoo Clean Heat project to discontinue coal combustion in 2025
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54
Fortum and the City of Espoo have committed to carbon-neutral district heating production in the district heating network operating in
the Espoo, Kauniainen and Kirkkonummi regions in the 2020s. The district heating network supplies heat to 250,000 end users in
homes and offices. The development work that began in 2016 was accelerated last autumn when a new intermediate goal was set to
discontinue the use of coal in 2025. The accelerated carbon-neutrality project is called Espoo Clean Heat. The production of
carbon-neutral district heating in Espoo made advancements during the last decade by using waste heat from wastewater, for example.
Last year about one quarter of the production was already carbon-neutral, and this year the share will increase to 40% when the
Kivenlahti bioheating facility and the Otaniemi geothermal plant are commissioned and when one of the two coal-fired units is
decommissioned at the Suomenoja power plant. According to the plan, decommissioning the last coal-fired unit will raise the share of
carbon-neutral district heating production to 85% in 2025. The focus in finding alternative solutions is primarily on combustion-free
solutions. Fortum and the City of Espoo are working together to find suitable locations for data centre operations and to attract data
centre operators to Espoo. A data centre generates a lot of waste heat that can be utilised in the district heating network. Waste heat
from a large, 100-MW data centre could provide heat for as much as one third of the district heating network in the Espoo, Kauniainen
and Kirkkonummi region.
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SoCalGas (USA) Joins Bakersfield Mayor Goh and Business Leaders to Mark
Opening of New Renewable Natural Gas Fueling Station Along Highway 99
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55
Southern California Gas Co. has joined Bakersfield Mayor Karen Goh, and local air quality regulators to mark the grand opening of a new
compressed natural gas fueling station located at 35118 McMurtrey Avenue in Bakersfield, CA. The new fueling station is open to the
public and will exclusively offer renewable natural gas, a clean, sustainable fuel made from methane that would otherwise be emitted from
landfills, dairy farms, and other waste sources. The new RNG station extends the network of clean natural gas stations across a key regional
goods movement corridor in the San Joaquin Valley, which experiences the worst particulate matter pollution in the state, according to the
California Air Resources Board (CARB). In any given day, over twenty thousand trucks pass through Highway 99 in Bakersfield, emitting
roughly eighty-five tons of smog-causing nitrogen-oxide emissions. Near-Zero emissions natural gas trucks fueled with RNG can virtually
eliminate smog forming pollutants and reduce greenhouse gas emissions linked to climate change by as much as 80 percent. Renewable
natural gas is not a fossil fuel. It is a renewable form of energy produced from the methane emissions at dairy farms, wastewater treatment
plants, landfills, and other waste streams. Depending on its source, RNG can be low-carbon or in some cases, even carbon neutral or
negative. Capturing the methane from these waste sources and converting it into RNG keeps greenhouse gas emissions from entering the
atmosphere and contributing to climate change and reduces the use of fossil fuels.
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TERNA (Italy) And Consumer Associations Work Together to Strengthen Collaboration
and Dialogue on The Future of The Electricity System
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56
Terna and 11 Italian Consumer Associations signed a Memorandum of Understanding aimed at strengthening cooperation
between the parties with regard to Terna's activities as electricity system operator, with particular attention to electricity
service objectives in terms of safety and efficiency. Terna and the Italian Consumer Associations will take action for the
implementation of the interventions on the national electricity transmission grid and will be committed to cooperate during
the consultation process aimed at finding the best location for new electricity infrastructures. At the heart of the
memorandum there are also the sharing of information on European, national, regional and local legislative initiatives; the
promotion of awareness-raising actions on energy transmission related themes; the launch of an analysis process on
sustainable interventions for a transition to smart electricity and energy system in the Italian smaller islands. The agreement
will also launch a training and dissemination programmed designed for consumer associations and jointly developed to
focus on electricity industry related themes. This collaboration will facilitate the dissemination of the culture of energy
transition to local communities also through research and development initiatives supported by European and national
public contributions.
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Uniper (Germany) subsidiary Liqvis and Echo Tankstellen GmbH join forces to expand
LNG filling station network for trucks
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57
Liqvis GmbH and Echo Tankstellen GmbH are joining forces to help expand the LNG filling station network in Germany. Selected sites
operated by Echo are under initial consideration for this purpose. Subject to approval by the regulatory authorities, the first joint site set to
be realized will be the Esso truck stop in Seligweiler near Ulm, which is operated by Hotel & Rasthaus Seligweiler GmbH & Co KG. A
joint project group will then discuss where to build further LNG filling stations and assess the feasibility of these sites before applying to
the authorities and implementing them. The companies aim to establish LNG on the market as an alternative fuel for heavy goods vehicles
and to help develop the associated infrastructure into a closed network. The Echo network currently comprises around 1000 filling stations
operating under the brand name Esso. Liqvis is expected to have six sites where trucks can refuel with LNG by the end of 2020: Berlin
Grünheide, Kassel-Lohfelden, Rosengarten/Hamburg, Langenhagen/Hannover, Bönen, and Calais in northern France. The Ulm Seligweiler
filling station that is currently being planned together with Echo will be added in 2021. LNG is refrigerated liquefied natural gas consisting
mostly of methane. A key advantage of LNG is low emissions, primarily of particulates, nitrogen oxides, CO2 and even noise. The
particulate and NOx values remain well below the Euro VI standard. Particulate emissions are virtually non-existent with an LNG drive.
LNG-fueled engines are also extremely quiet, which is a real boon when making deliveries outside normal hours.
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British Gas (UK) launches leading Green Future tariff
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58
British Gas announces the launch of its Green Future Plus July 2022 tariff which offers consumers one of the greenest tariffs in the market
at a competitive cost.
The green credentials are:
• Green Gas: 10% of the gas on this tariff will be from renewable sources by buying Renewable Gas Guarantees of Origin certificates from
the Green Gas Certification Scheme. Green gas is comprised of biomethane which is produced from renewable sources. The green gas on
this tariff derives from Centrica backed Barrow Green Gas. Partnering with ClimateCare, 90% of the gas customers use on this tariff is
carbon offset through carbon reduction projects in developing countries by buying Verified Emission Reduction Certificates from traceable
projects verified by the Verified Carbon Standard.
• Ecomapua Project: Each customer is helping to protect a hectare of rainforest in the Amazon each year. The project is certified by the
Verified Carbon Standard, which issues one VER certificate per tonne of CO2 mitigated as a result of the project.
• Renewable Electricity: 100% of customer electricity use on this tariff will be matched by buying electricity from renewable sources
through Guarantees of Origin certificates or Renewable Energy Guarantee of Origin certificates or both.
• Woodland Projects: Dual-fuel customers will support the growth of up to 10 trees in the UK per household for each year of the tariff.
ClimateCare will evidence the trees supported by purchasing Pending Issuance Units or Woodland Carbon Units.
Description
Miscellaneous Updates
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REC (India) extends CSR support to provide job-oriented skill development
training in Mirzapur district, Uttar Pradesh
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59
REC Foundation, the CSR arm of the Navratna Central Govt. PSU REC Limited, signed a memorandum with Munderi
Government Higher Secondary School, Munderi, Distt- Kannur, Kerala extending CSR support of Rs.2.7 crore on
construction of kitchen and dining hall in Government Higher Secondary School. The project is aimed at building up the
state owned Munderi Government Higher Secondary School as unique model which offers, excellent quality, efficient,
holistic and free of cost educational opportunity to students in the area and thereby encouraging student community in the
nearby areas to enroll in the school, realizing the concept of neighborhood education. In 18 months’, time, the project will
benefit more than 1000 students in the area. The agreement was signed on 6th January 2020 betweenCEO, REC Foundation
and District Panchayat Office, Kannur, Kerala in presence CMD, REC, ED Finance & CSR, REC Limited.
Description
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Event Updates
Utility Industry
Event Updates
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For any queries, Please write to marketing@itshades.com
Upcoming Events - Utility
2020 Utility Conference
Utility Conference is an experience for the utility
professional in charge of distributed and
renewable energy programs and services who
need answers they can trust.
Hosted By : Smart Electric Power Alliance
Charlotte, USA
4-5 May, 2020
https://sepapower.org/event-complex/2020-utility-conference/?gclid=CjwKCAiA4Y7yBRB8EiwADV1haUpxK-R2M6BWzHc5pprUdvVcElsr_oMsEVk9V5GpwSKUggvQ_OC39xoCYJYQAvD_BwE
Microgrid Global Innovation Forum & Virtual Power Plants Derms
Summit North America
The global microgrid market size was valued at USD 3.76 billion
in 2016, and is expected to reach USD 30.9 billion by 2027,
according to Navigant Research. North America is the largest
market for grid-connected systems, and is expected to remain so
over the coming years. Now is the time to position your
organization for success within this growing market.
Hosted By : Smart Grid Observer
Chicago, USA
10-11 Mar, 2020
http://microgridinnovation.com/Chicago/
National Conference on Microgrids
ACI’s 10th National Conference on Microgrids will be taking place in
Boston, USA on the 18th – 19th March 2020. The two day event will
consist of a number of informative presentations followed by
interactive Q&A sessions and panel discussions, bringing together key
industry stakeholders including utility companies, microgrid owners,
project developers, energy technology providers, renewable energy
providers, relevant consultants, associations and governmental bodies.
Hosted By : The Whitmore Group 2020
Massachusetts - USA
18-19 Mar, 2020
https://www.wplgroup.com/aci/event/us-national-microgrids-conference/
Kansas Power and Energy Conference
KPEC is presented by the graduate student
members of the IEEE Industry Applications
Society - Power Electronics Society - Power and
Energy Society (IAS-PELS-PES) joint chapter at
Kansas State University.
Hosted By : KPEC 2020
Manhattan, USA
13-14 April, 2020
https://www.kpec-ksu.org/
MLPA & Energy Infrastructure Conference
The Energy Infrastructure Council (EIC) is a non-profit trade
association dedicated to advancing the interests of companies
that develop and operate energy infrastructure. EIC addresses
core public policy issues critical to investment in America’s
energy infrastructure.
Hosted By : EIC
Las Vegas, USA
11-15 May, 2020
https://eic.energy/
National Hydropower Association Conference
The National Hydropower Association Conference
will provide you the opportunity to network, learn
about legislative and regulatory initiatives, and
discuss the issues impacting hydropower and marine
Hosted By : National Hydropower Association
Washington DC, USA
19-21 May, 2020
https://www.hydro.org/
60
Event Updates
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Upcoming Events - Utility
Grid Evolution Summit
The Grid Evolution Summit brings all of the top
stakeholders across the entire industry together in
one room to determine how to modernize the
electric sector.
Hosted By : Smart Electric Power Alliance
Washington DC, USA
27-29 July, 2020
https://sepapower.org/event-complex/2020-sepa-grid-evolution-summit/
Peak Load Management Alliance Conference
PLMA (Peak Load Management Alliance) was founded in 1999 as a community of experts
and practitioners dedicated to sharing knowledge and providing resources to promote
inclusiveness in the design, delivery, technology, and management of solutions addressing
energy and natural resource integration. The non-profit association provides a forum for
practitioners to share dynamic load management expertise, including demand response and
distributed energy resources. PLMA members share expertise to educate each other and
explore innovative approaches to load management programs, price and rate response,
regional regulatory issues, and technologies as the energy markets evolve.
Hosted By : Peak Load Management Alliance
Baltimore, USA
9-11 Nov, 2020
https://www.peakload.org/
Electric Utility Fleet Managers Conference
The Electric Utility Fleet Managers Conference (EUFMC) is an
educational conference for fleet representatives from
investor-owned electric utilities, electric cooperatives and
electrical contractors held annually at the Williamsburg Lodge
and Conference Center in Williamsburg, Virginia.
Hosted By : EUFMC
Williamsburg, USA
31 May - 3 June, 2020
https://eufmc.com/
The UK’s Leading Energy & Water Summit
Future of Utilities Summit brings top-level energy and water executives
together to transform business models and adapt to the disruption in the
market. Learn from board-level executives from EDF Energy, Thames Water
and SP Energy Networks, and join senior representatives from every
important industry player to exchange ideas, raise your profile, unlock
solutions and accelerate industry change.
Hosted By : marketforcelive
London, UK
24-25 Mar, 2020
https://marketforcelive.com/future-of-utilities/events/utilities-summit/
Indian Utility Week
Indian Utility Week and DISTRIBUTECH India
co-locates with the 17th annual POWERGEN India, the
flagship power generation show, offering an end-to-end
Indian energy experience for the whole energy supply
chain, under one roof.
Hosted By : Indian Utility Week 2020
NEW DELHI, INDIA
5-7 May, 2020
https://www.indian-utility-week.com/
IDC utility summit
In a stubborn pursuit to become energy-as-a-service providers or high-value
service providers, utilities are chipping through thick rough to what really
matters. That is, what matters to stakeholders, investors, employees, and
customers — today and in the future. Energy-as-a-service providers aim to
carve out a unique space for themselves, to capture the attention of their
communities and future generations that, in time, will hopefully become
customers and part of their workforce. This includes reimagining the
corporate culture to embed ethical values that are important for GenZ.
Hosted By : Idc
Malaga, Spain
16-17 Mar, 2020o
https://idcutilitiessummit.com/
61
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I-Bytes Utility Industry

  • 1.
    IT Shades Engage &Enable I-Bytes Utility February Edition 2020 Email us - solutions@itshades.com Website : www.itshades.com
  • 2.
    IT Shades Engage &Enable For any queries, Please write to marketing@itshades.com About Us Who We are Aim of this I-Byte 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 Utility. We are very excited to share this content and believe that readers will benefit immensely 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 For any queries, Please write to marketing@itshades.com 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...............................................................................................................................................17 3. Rewards and Recognition Updates.................................................................................................................21 4. Customer Success Updates..............................................................................................................................44 5. Partnership Ecosystem Updates.....................................................................................................................49 6. Miscellaneous...................................................................................................................................................58 7. Event Updates..................................................................................................................................................60
  • 5.
    IT Shades Engage &Enable For any queries, Please write to marketing@itshades.com Financial, M & A Updates Utility Industry
  • 6.
    Financial, M&A Updates ITShades Engage & Enable Atmos Energy (USA) Corporation Reports Earnings for Fiscal 2020 First Quarter; Reaffirms Fiscal 2020 Guidance First Quarter Highlights • Earnings per diluted share of $1.47 • Consolidated net income of $178.7 million • Capital expenditures were $529.2 million, an increase of 27 percent • Approximately 86 percent of capital spending related to system safety and reliability investments Outlook • Earnings per share is expected to be in the range of $4.58 to $4.73 per diluted share for fiscal 2020. • Capital expenditures is expected to be in the range of $1.85 billion to $1.95 billion in fiscal 2020. • The company's Board of Directors has declared a quarterly dividend of $0.575 per common share. The indicated annual dividend for fiscal 2020 is $2.30, which represents a 9.5% increase over fiscal 2019. Executive Commentary “Our first quarter results reflect the continued dedication of our employees to execute our strategy of investing in safety and reliability,” said President and Chief Executive Officer of Atmos Energy Corporation. “We remain on track to deliver annual earnings per share growth between 6% and 8% for fiscal 2020." For any queries, Please write to marketing@itshades.com Description 1
  • 7.
    Financial, M&A Updates ITShades Engage & Enable Dominion Energy (USA) Announces Fourth-Quarter and Full-Year 2019 Earnings For any queries, Please write to marketing@itshades.com 2 • Principles for the three months ended Dec. 31, 2019, of $1.1 billion compared with net income of $641 million for the same period in 2018. • Reported earnings for the twelve months ended Dec. 31, 2019, were $1.4 billion ($1.73 per share) compared with earnings of $2.4 billion ($3.74 per share) for the same period in 2018. • Operating earnings for the three months ended Dec. 31, 2019, were $988 million, compared with operating earnings of $592 million ($0.89 per share) for the same period in 2018. • Operating earnings for the twelve months ended Dec. 31, 2019, were $3.4 billion ($4.24 per share) compared with operating earnings of $2.7 billion for the same period in 2018. • Dominion Energy expects 2020 operating earnings in the range of $4.25 to $4.60 per share, compared to full-year 2019 operating earnings of $4.24 per share. • Positive drivers include regulated investment growth across electric and gas businesses, lower financing costs due to lower average debt balances, the full-year impact of the Millstone nuclear facility zero-carbon procurement contract, and lower depreciation expense associated with an anticipated extension of the useful life assumption for our regulated nuclear plants in Virginia. • The company expects negative drivers for the year to include increased minority interest expense associated with the equity recapitalization of Cove Point, share dilution, two planned refuelling outages at Millstone and lower New England capacity prices. Description
  • 8.
    Financial, M&A Updates ITShades Engage & Enable DTE (USA) Energy reports strong 2019 financial results; reaffirms guidance for 2020 • Net earnings of $1.2 billion, or $6.31 per diluted share, compared with $1.1 billion, or $6.17 per diluted share in 2018. • 2019 operating earnings were $1.2 billion, or $6.30 per diluted share, compared with 2018 operating earnings of $1.1 billion, or $6.30 per diluted share. • The 2019 operating earnings results are a strong beat to the company’s original 2019 guidance. • 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 Biomass Energy’s award-winning Project of the Year converts agricultural waste to clean renewable natural gas, reducing greenhouse gas emissions and offsetting fossil fuels. • Invested $2.1 billion in 2019 with Michigan-based companies, exceeding DTE’s commitment to the Pure Michigan Business Connect local supplier initiative. The company has invested over $11 billion in the ten-year effort and has supported the creation of thousands of Michigan jobs. Executive Commentary "We’re pleased with the significant progress we made in 2019, as our financial performance continued to be strong,” said DTE Energy President and CEO. The year also marked several meaningful accomplishments on our clean energy path, and we intensified our service excellence work for our customers, communities and employees." For any queries, Please write to marketing@itshades.com Description 3
  • 9.
    Financial, M&A Updates ITShades Engage & Enable Duke Energy (USA) Renewables acquires 20 MWac of solar projects in Georgia Duke Energy Renewables, a subsidiary of Duke Energy announced that it has completed the acquisition of the final project in a portfolio developed with Inman Solar Inc., totalling 20 megawatts. The projects are in construction or have begun commercial operations across central Georgia under Georgia Power’s Renewable Energy Development Initiative. These projects bring Duke Energy Renewables, operating through its REC Solar business unit, to 47.4 MWac of distributed solar projects in Georgia. Duke Energy Renewables’ distributed generation arm, REC Solar, led the acquisition and construction management on behalf of Duke Energy. Duke Energy Renewables, REC Solar and Inman have worked on numerous projects in multiple states over the last three years. The nine solar projects are expected to contribute $11.5 million in leasing and taxes to local communities. A total of 81,060 solar panels will be used in the projects. The last site is expected to reach commercial operations by the end of March. Each project was developed under an engineering, production and procurement agreement between REC Solar and Inman and a 30- or 35-year power purchase agreement with Georgia Power, selling all energy and renewable attributes to Georgia Power as a part of its REDI Distributed Generation RFP program. Executive Commentary “We’re excited to acquire another portfolio of solar projects in Georgia,” said Vice president of Duke Energy Renewables. “This transaction was successful because of our strong relationship with Georgia Power and a dependable, expert developer and build partner in Inman Solar.” For any queries, Please write to marketing@itshades.com Description 4
  • 10.
    Financial, M&A Updates ITShades Engage & Enable EDP (France) invests €6 million in GridBeyond to grow in new markets EDP reinforces its international expansion plans by investing 6 million euros in GridBeyond, a company that operates in the UK and Irish markets and leads the way in offering ancillary services to business customers. With this investment, made through EDP Commercial, the group invests in the most dynamic energy market in Europe, through an innovative service that promotes the stability of the electricity grid through the optimization of clients’ energy consumption and efficiency. GridBeyond - founded in 2007 and finalist in the latest edition of the Free Electrons program – contributes to EDP's strategy for the energy transition, focusing on a key area within the sector and one that is currently undergoing significant growth: ancillary service delivery, required to maintain grid stability and security, through flexible customer load management. The global market for ancillary services is estimated to reach a cumulative overall capacity of over 1,000GW in 2040 – equivalent to 46 times the current installed capacity in Portugal. Traditionally, ancillary services were delivered only by thermal power plants and hydroelectric power plants. The increasing penetration of renewable intermittent energy sources, such as wind and solar, increases the need to stabilize the grid in alternative ways. GridBeyond develops solutions that enable the delivery of smart ancillary services by acting remotely on flexible loads that are available in end-user industrial plants or companies. Examples of flexible loads are large furnaces, cold systems, or even a building's climatization system, which can be regulated remotely and marginally without impacting final production. In return for this remote manipulation, customers (plants or companies giving remote access to their equipment) are compensated for their participation in the local ancillary service market via a reduction in their energy bill. Executive Commentary “This investment is driven by our ambition to gain experience in managing flexibility in distributed assets and seek new energy products and services that meet the changing needs of the energy customer, as well as by our objective to strengthen EDP’s international expansion. The changing paradigm of our sector, with the electrification of the economy, decentralization of energy generation, and overall digitalization, leads to the adoption of new technologies that, with the appropriate regulatory framework, allow for a more dynamic portfolio that includes the market’s participation in demand response through flexibility services, something we anticipate will be key to the adequate equilibrium of the electric system in the near future," explains CEO of EDP Comercial. For any queries, Please write to marketing@itshades.com Description 5
  • 11.
    Financial, M&A Updates ITShades Engage & Enable Exelon (USA) Reports Fourth Quarter and Full Year 2019 Results and Initiates 2020 Financial Outlook The fourth quarter of 2019 • Net Income for increased to $0.79 per share from $0.16 per share in the fourth quarter of 2018. • Adjusted Operating Earnings increased to $0.83 per share in the fourth quarter of 2019 from $0.58 per share in the fourth quarter of 2018. Adjusted Operating Earnings in the fourth quarter of 2019 primarily reflect: • Higher utility earnings due to regulatory rate increases at PECO, BGE and PHI; and • Higher Generation earnings due to higher realized energy prices, decreased nuclear outage days, lower operating and maintenance expense and research and development income tax benefits, partially offset by lower capacity prices. FULL YEAR 2019 • Exelon's GAAP net Income increased to $3.01 per share from $2.07 per share in 2018. • Exelon's Adjusted Operating Earnings for 2019 increased to $3.22 per share from $3.12 per share in 2018. Adjusted Operating Earnings for the full year 2019 primarily reflect: • Higher utility earnings due to regulatory rate increases at PECO, BGE and PHI and higher electric distribution, transmission and energy efficiency earnings at ComEd; partially offset by, • Lower Generation earnings due to lower realized energy and capacity prices, partially offset by lower operating and maintenance expense, decreased nuclear outage days and research and development income tax benefits. Initiates Annual Guidance For 2020 • Mark-to-market adjustments from economic hedging activities; • Unrealized gains and losses from NDT funds to the extent not offset by contractual accounting as described in the notes to the consolidated financial statements; • Certain costs related to plant retirements; • Certain costs incurred to achieve cost management program savings; • Other items not directly related to the ongoing operations of the business; and • Generation's noncontrolling interest related to exclusion items Executive Commentary “We reported another strong year, with full-year adjusted earnings of $3.22 per share coming in above our revised guidance of $3.05 to $3.20 per share,” said Senior executive vice president and CFO, Exelon. Last year we invested $5.5 billion in capital at the utilities - or about $150 million more than originally planned - to modernize the electric grid, and we are on track to invest an additional $6.5 billion in the year ahead as we work to provide our customers with more reliable service and help our states meet their environmental goals. With these investments and our continuing focus on reducing costs, we are providing 2020 adjusted earnings guidance of $3.00 to $3.30 per share.” For any queries, Please write to marketing@itshades.com Description 6
  • 12.
    Financial, M&A Updates ITShades Engage & Enable FirstEnergy (USA) Announces 2019 Financial Results Fourth Quarter Results • In the fourth quarter of 2019, FirstEnergy reported a GAAP loss of $(111) million, or $(0.20) per basic and diluted share of common stock, on revenue of $2.7 billion. The loss reflects the impact of the company's annual non-cash, pension and OPEB mark-to-market adjustment, and includes other special items shown below. • In the fourth quarter of 2018, the company reported GAAP earnings of $128 million, or $0.25 per basic and diluted share of common stock, on revenue of $2.7 billion. Results include the special items shown below. • Operating (non-GAAP) earnings for the fourth quarter of 2019 were $0.55 per share. In the fourth quarter of 2018, operating earnings were $0.50 per share. • Operating results in FirstEnergy's Regulated Distribution business were flat compared to the fourth quarter of 2018 as lower operating expenses offset the absence of the Ohio Distribution Modernization Rider and the impact of more mild temperatures across the company's footprint in the fourth quarter of 2019. • Total distribution deliveries decreased 3.2% compared to the fourth quarter of 2018 due to more mild temperatures and lower commercial and industrial usage. Residential sales decreased 3.1%, driven by a 7% decrease in heating degree days compared to the fourth quarter of 2018. Commercial deliveries decreased 4.3%, while sales to industrial customers decreased 2.4%. • In the Regulated Transmission business, fourth quarter 2019 operating results increased primarily due to higher rate base associated with the company's ongoing investments in its Energizing the Future transmission program and lower operating expenses, which offset higher net financing costs. • In the Corporate/Other segment, fourth quarter 2019 operating results reflect lower operating expenses compared to the same quarter of 2018. Executive Commentary "This was another great year for FirstEnergy, marked by solid execution on initiatives that benefit our customers, shareholders, communities and our company," said FirstEnergy president and chief executive officer. In 2020, we expect to build on our progress as we continue implementing our long-term, customer-focused growth plans." For any queries, Please write to marketing@itshades.com Description 7
  • 13.
    Financial, M&A Updates ITShades Engage & Enable Fortum (Finland) to acquire Crisolteq, a recycling specialist of valuable metals in batteries For any queries, Please write to marketing@itshades.com 8 Fortum is acquiring the entire shareholding in the Finnish growth company Crisolteq, a specialist in recycling of valuable metals in lithium-ion batteries. The investment strengthens Fortum’s position in the recycling of high value materials in Europe. The recycling of battery metals also supports Fortum’s existing battery business. Crisolteq employs 23 people and sales amounted to EUR 2.1 million during its last fiscal year. The parties have agreed not to disclose the acquisition price. Crisolteq has developed a unique hydrometallurgical recycling process that enables a recycling rate of more than 80% for lithium-ion batteries compared to the current recycling rate of about 50%. In the hydrometallurgical process cobalt, manganese, and nickel are recovered from the batteries. The valuable metals are delivered to a battery manufacturer to be used to produce new batteries. Crisolteq has an industrial-scale hydrometallurgical recycling facility in Harjavalta, Finland. Additionally, Crisolteq has a production plant in Tornio, and research and development activities in Raisio. Description
  • 14.
    Financial, M&A Updates ITShades Engage & Enable REC (India) Declares Its Quarterly Financial Results for Q3 FY20 • Net Profit of Rs. 1,642 crores during Q3 FY20, as against Rs. 1,275 crores during Q3 FY19. For the quarter ended 31st December 2019. • Net Profit – Rs. 1,667 crore vs Rs. 1,284 crores, up 30% • The Company has registered Earnings Per Share (EPS) of Rs. 8.32 as against Rs. 6.45 per share during the same quarter last year. • Keeping in view the strong financial performance of the Company, an interim dividend of Rs. 11/- per share, with the record date being 12th February 2020 to ascertain the eligibility of the shareholders to receive the interim dividend. • The loan book has reflected a growth of 14% while growing from Rs. 2.69 lakh crores as at 31st December 2018 to Rs. 3.07 lakh crores as at 31st December 2019. • The Net Worth of the Company stands at Rs. 38,515 crores as on 31st December 2019, with a book value per share of Rs. 195. • The Capital Adequacy Ratio of the Company has also been healthy to support the future growth at 18.36% as of 31st December 2019 as against 16.84% as of 31st December 2018. Executive Commentary Chairman and Managing Director, said, “Amidst the challenging times for the financial sector, the Company has been able to deliver yet another quarter of strong operational and financial performance. With one large borrower account getting settled during the quarter apart from two accounts getting upgraded on regularization of the dues, we continue to be optimistic about further resolutions of the stressed assets in the coming quarters.” For any queries, Please write to marketing@itshades.com Description 9
  • 15.
    Financial, M&A Updates ITShades Engage & Enable RusHydro (Russia) Group announces 4Q and FY2019 operating results For any queries, Please write to marketing@itshades.com 10 Key highlights of 2019 • 142,840 GWh – total electricity production including Boguchanskaya hydropower plant. • Solid results on the back of increased inflows to the reservoirs of the Volga-Kama cascade in 2H and to the reservoirs of HPPs in the Far East throughout the year aided by new capacity commissioning and modernization of existing facilities, increase in electricity consumption by 3.3% in the Far East. • 6 hydropower plants have set new all-time high annual record outputs: Boguchanskaya HPP, Bureyskaya HPP, Votkinskaya HPP, Kamskaya HPP, Ust-Srednekanskaya HPP and Kubanskaya PSHPP. • 94,525 GWh – electricity output from hydro and pumped storage plant.. • 31,779 GWh – electricity output from thermal power plants. • 433 GWh – electricity output from alternative renewable energy facilities. • 29,771 thousand Gcal – heat output from thermal power plants driven by lower air temperatures in most Far Eastern Federal District’s regions. • 39,683.3 MW – total installed electric capacity of RusHydro Group incl. Boguchanskaya HPP as of December 31, 2019 • 19,021.4 GCal/h – total heat output capacity of the Group as of December 31, 2019 . • 19,490 GWh – sales by Group’s electricity retail companies in 2019. • 630 MW - capacity connected to RusHydro Group’s grids in the Far East. • 16,104 GWh - electricity output from the Boguchanskaya HPP. Key highlights of 4Q 2019 and hydrological situation • 26,003 GWh – electricity output from hydro and pumped storage plants. • 9,029 GWh – electricity output from thermal power plants. • 121 GWh – electricity output from alternative renewable energy facilities. • As of January 1, 2020, water storage at reservoirs of the Volga-Kama cascade is 33% above the average level; at the reservoirs of the Far East and in the South of Russia – slightly above the normal level; at the reservoirs of Siberia – at the normal level. • In the first quarter of 2020, water inflows to the reservoirs of the Volga-Kama cascade are expected to be 1.3-1.6x the normal level; to the reservoirs of Siberia – at the normal level or slightly above it. Description
  • 16.
    Financial, M&A Updates ITShades Engage & Enable Southern Power (USA) closes sale of the Mankato Energy Center to Xcel Energy Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, completed the previously announced sale of the Mankato Energy Center to Xcel Energy for $650 million, subject to customary working capital adjustments. Barclays served as the financial advisor, and Baker Botts served as primary legal counsel to Southern Power for the transaction. Southern Power, a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities, and commercial and industrial customers. Southern Power and its subsidiaries own 49 facilities operating or under construction in 12 states with more than 10,590 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Nevada, New Mexico, North Carolina, Oklahoma, Texas and Washington. 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. Executive Commentary "Southern Company and Southern Power have the utmost gratitude for those who worked to safely construct the second gas turbine and operate the entire site over the years," said Southern Power President. For any queries, Please write to marketing@itshades.com Description 11
  • 17.
    Financial, M&A Updates ITShades Engage & Enable SSE Plc (UK) to complete sale of SSE energy services to OVO energy SSE plc is completing the sale of SSE Energy Services Group Limited, its household energy and services business in GB, to OVO Energy Limited for an enterprise value of £500m. The net proceeds of the Transaction will be used to reduce SSE’s net debt. In the period since SSE and OVO agreed the sale in September 2019, the necessary regulatory approvals have been secured and joint integration planning has been undertaken to ensure a smooth transition for customers and employees. Completion of the Transaction enables SSE to strengthen its focus on delivering the low-carbon infrastructure needed to help the UK reach net zero emissions. TRANSACTION DETAILS • The net cash proceeds of the Transaction will be used to reduce SSE’s net debt. • SSE Energy Services will be sold for an enterprise value of £500m comprising £400m in cash and £100m in loan notes. • The £100m loan note will be issued by a member of the OVO group and will be due in 2029, unless repaid earlier, with an annual interest rate of 13.25% payable in kind. • As stated, when the Transaction was announced on 13 September 2019, the cash proceeds received will be subject to a deduction of £59m reflecting debt-like items including SSE Energy Services accruals in respect of the Capacity Market Mechanism. • The Transaction was agreed on the basis of a ‘Locked Box’ mechanism, which set the date for the transfer of the economic interest in SSE Energy Services at 30 June 2019. • SSE submitted Renewable Obligation Certificates in August 2019 in satisfaction of SSE Energy Services’ Renewables Obligation for the obligation period ended 31 March 2019, the last full financial year of SSE ownership. OVO will be liable for all Renewable Obligations accrued thereafter. • All of SSE Energy Services’ c.8,000 employees will transfer to OVO Energy. • In order to ensure a smooth transition, for a period post completion, SSE will continue to provide certain services to OVO under a Transitional Services Agreement. • Certain defined benefits pension liabilities of SSE Energy Services, relating to c.140 employees who have chosen to transfer their benefits, will transfer fully funded from SSE pension schemes to a new SSE Energy Services pension scheme. • There will be no immediate day-to-day impact on customers; the SSE brand will be operated by OVO under license for a period, allowing time for a phased and carefully managed migration and continued high standards of customer service. Executive Commentary Chief Executive of SSE plc, said: “We are very pleased to be completing this transaction, which we firmly believe is the best outcome for the business, its customers and its employees. The sale is in line with our clear strategy, centered on developing, operating and owning renewable energy and electricity network assets, along with growing businesses complementary to this core. SSE enters the new decade as a more focused group, even better positioned to lead the low carbon transformation required to achieve the UK’s vital net zero commitment in the years to come.” For any queries, Please write to marketing@itshades.com Description 12
  • 18.
    Financial, M&A Updates ITShades Engage & Enable Tokyo power (Japan) FY2019 Third Quarter Financial Results For any queries, Please write to marketing@itshades.com 13 • Consolidated ordinary income increased year-on-year by 26.5% to 309.9 billion yen billion due to a gain generated by the fuel cost adjustment system time lag and continual efforts on behalf of the entire Group to cut costs even though electricity sales volume for the TEPCO Group decreased YoY by 2.9% to 164.7 billion kWh. • The Group posted 367.2 billion yen in extraordinary income, which has remained unchanged from the second quarter, extraordinary loss was 205.3 billion yen. • The Group posted 367.2 billion yen in extraordinary income, which has remained unchanged from the second quarter, extraordinary loss was 205.3 billion yen. • This extraordinary loss includes 0.3 billion yen of contingent loss on assets equal to the book value of assets ruined by Typhoons Faxai, Hagibis and Bualoi, 27.4 billion yen of extraordinary loss on disaster due to an increase in the estimated costs required to cover the repair of assets damaged by the 2011 Tohoku Taiheiyo-oki Earthquake and for the expenses required to repair assets damaged by the aforementioned typhoons, and 81.9 billion yen for nuclear damage compensation. • Net income attributable to owners of the parent was 434.8 billion-yen.Net income attributable to owners of the parent was 434.8 billion yen. • TEPCO HD ordinary income decreased by 30.6-billion-yen YoY to 148.3 billion yen primarily due to a decrease in wholesale power sales to TEPCO Energy Partner, Inc. • Ordinary income for TEPCO Fuel & Power, Inc. increased by 58.8-billion-yen YoY to 62.3 billion yen due to an income gain by JERA, which has succeeded our thermal power generation business, etc., generated by the fuel cost adjustment system time lag. • Ordinary income for TEPCO Power Grid Inc. increased by 12.2-billion-yen YoY to 175.3 billion yen primarily due to decreases in maintenance expenses and depreciation costs. • Ordinary income for TEPCO Energy Partner, Inc. increased by 15.2-billion-yen YoY to 54.6 billion yen primarily due to a decrease in power purchased from TEPCO HD. Description
  • 19.
    Financial, M&A Updates ITShades Engage & Enable SSE Plc (UK) to complete sale of SSE energy services to OVO energy Highlights • GAAP EPS of $1.00 and adjusted EPS of $1.17 per diluted share compared to GAAP EPS of $0.36 and adjusted EPS of $0.81 per diluted share in the prior-year period. • Reportable segments earnings before interest expense and income taxes of $418.7 million compared to $345.6 million in the prior-year period. • Gas Utility's new base rates went into effect on October 11, 2019. • Auburn IV expansion completed on time and placed into service on November 1, 2019. Key Drivers of First Quarter Results • AmeriGas: Retail volume decreased 1.9% on weather that was 1.2% warmer than the prior year; Cylinder Exchange and National Accounts volume increased 6.8% and 12.0%, respectively • UGI International: Retail volume increased 3.7% despite weather that was 2.7% warmer than the prior year, reflecting solid core demand and higher crop drying volumes; higher total margin driven by lower cost of LPG, effective recovery of costs associated with energy conservation certificates and sound expense management • Midstream & Marketing: Higher gas gathering margin attributable to CMG and Auburn IV gathering systems; higher LNG trucking volume and additional peaking contracts compared to the prior-year period • UGI Utilities: Core market volumes decreased 1.5% due to weather that was 3.7% warmer than the prior-year period; higher total margin driven by the increase in base rates and higher margin from large firm and interruptible delivery service customers Executive Commentary "This was an important quarter for UGI as we completed our first full period of results after the AmeriGas Merger and CMG Acquisition," said President and chief executive officer of UGI Corporation. UGI delivered GAAP earnings per share of $1.00, adjusted earnings per share of $1.17 and continued to make progress on our strategic initiatives. Gas Utility's new base rates went into effect on October 11th and on January 28th we filed a request for an overall distribution rate increase of approximately $75 million. The Midstream and Marketing team completed the expansion of our Auburn gathering system and remains on target to complete the construction of the Bethlehem LNG facility in late 2020. Additionally, we were pleased to see the CMG system deliver solid results in the quarter. The LPG businesses made good progress on business transformation initiatives and continued to deliver strong performance from our growth drivers. All of these key investments support our long-term goal to grow and deliver value for our shareholders." For any queries, Please write to marketing@itshades.com Description 14
  • 20.
    Financial, M&A Updates ITShades Engage & Enable Waste Connections (Canada) Reports Fourth Quarter Results And Provides 2020 Outlook Fourth Quarter 2019 Highlights • Revenue of $1.362 billion, up 7.9% • Net income attributable to Waste Connections of $133.3 million, or $0.50 per share • Adjusted net income attributable to Waste Connections* of $181.4 million, or $0.69 per share • Adjusted EBITDA* of $419.0 million, or 30.8% of revenue Full-Year 2019 Highlights • Revenue of $5.389 billion, up 9.5% • Net income attributable to Waste Connections of $566.8 million, or $2.14 per share • Adjusted net income attributable to Waste Connections* of $719.6 million or $2.72 per share • Adjusted EBITDA* of $1.674 billion, or 31.1% of revenue, up 6.8% • Net cash provided by operating activities of $1.541 billion, up 9.2% • Adjusted free cash flow* of $916.8 million, or 17.0% of revenue • Completes acquisitions with approximately $300 million of total annualized revenue Looking at 2020 • Expects revenue in the range of $5.725 billion to $5.775 billion, excluding additional acquisitions • Expects net income attributable to Waste Connections in the range of $653.0 million to $668.0 million • Expects adjusted EBITDA* in the range of $1.760 billion to $1.785 billionExpects net cash provided by operating activities in the range of $1.600 billion to $1.625 billion • Expects adjusted free cash flow* in the range of $975.0 million to $1.0 billion Executive Commentary "2019 ended on a high note, as financial results for the fourth quarter exceeded expectations on better than expected solid waste price growth, E&P waste activity and acquisition contribution. We are also extremely pleased with our results for the full year, as underlying adjusted EBITDA* margins in solid waste collection, transfer and disposal expanded by 50 basis points. Moreover, our ability to deliver full year adjusted free cash flow* of $916.8 million or 17.0% of revenue and 54.8% of adjusted EBITDA* on a 16.2% increase in capital expenditures as we reinvested in and expanded our business is indicative of our disciplined focus on quality of revenue and free cash flow generation," said President and Chief Executive Officer. For any queries, Please write to marketing@itshades.com Description 15
  • 21.
    Financial, M&A Updates ITShades Engage & Enable WEC Energy Group (USA) to acquire 80% ownership in Blooming Grove Wind Farm WEC Energy Group announced that the company has agreed to acquire an 80% ownership interest in Blooming Grove Wind Farm. The project is being developed in McLean County, Illinois by Invenergy -- a leading developer and operator of sustainable energy solutions. Commercial operation is expected to begin by the end of 2020. The wind farm has long-term offtake agreements for all the energy produced with affiliates of two investment grade multinational companies. The Blooming Grove site will consist of 94 GE wind turbines with a combined capacity of 250 megawatts. WEC Energy Group's investment will total $345 million for the 80% ownership interest. Under the tax rules, the WEC Energy Group investment is expected to be eligible for 100% bonus depreciation and production tax credits. The transaction is subject to receiving all necessary regulatory approvals. WEC Energy Group, based in Milwaukee, is one of the nation's premier energy companies, serving 4.5 million customers in Wisconsin, Illinois, Michigan and Minnesota. The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. The company's other major subsidiary, We Power, designs, builds and owns electric generating plants. Executive Commentary "This is the latest in a series of investments that fit exceptionally well with our strategy of deploying capital in renewable energy assets that will serve strong, vibrant companies for years to come," said Executive chairman of WEC Energy Group. For any queries, Please write to marketing@itshades.com Description 16
  • 22.
    IT Shades Engage &Enable For any queries, Please write to marketing@itshades.com Solutions Updates Utility Industry
  • 23.
    Solution Updates IT Shades Engage& Enable Ameren Illinois (USA) Unveils Two-Year Electric Grid Upgrade in Jersey, Macoupin Counties For any queries, Please write to marketing@itshades.com 17 Solution Description Ameren Illinois announced a two-year electric grid project to enhance service reliability for customers in Jersey and Macoupin counties. The company is fortifying power lines and power poles to withstand high winds during storms as well as making enhancements at substations in Jerseyville, Piasa and Brighton. The total investment in the project is more than $18 million. • Phase 1 – Crews will upgrade 13.5 miles of power lines and replace more than 300 power poles from Jerseyville to Brighton. Part of the project includes installing a new three-mile circuit to connect the Piasa Junction and Brighton substations. This will improve the resiliency of the grid and allow for power to be re-routed between the two substations in the event of a service outage. The project is scheduled to starts this month with an estimated investment of $10.5 million. • Phase 2 – In 2021, substation electricians will begin making upgrades to the Jerseyville, Piasa Junction and Brighton substations to add more resiliency to the local grid. New equipment is being added at each substation to meet future electric load increases and to assist in re-routing power to the other substations in the event of an outage. The investment is estimated to be $7.9 million. The enhancements are part of Ameren Illinois' multi-year initiative to modernize its energy delivery system. Since 2012, the company has implemented hundreds of projects, added new technology and strengthened poles, wires and distribution equipment. As a result, reliability has improved by an average of 17 percent and the time of an outage has been reduced by 19 percent.
  • 24.
    Solution Updates IT Shades Engage& Enable Enel X (Italy) launches first project in Italy to aggregate residential storage units offering network balancing services 18 Solution Description The Residential energy storage systems will be able to offer balancing services to the electricity grid thanks to the experimentation launched by Enel X, the Enel Group business line that focuses on innovative products and digital solutions, in collaboration with RSE. The project was launched in the provinces of Brescia, Bergamo, and Mantua and the first residential storage systems were included in the UVAM aggregates at the end of December 2019. The experimentation allows for the aggregation of residential energy storage systems in order to enable private users to also participate in active demand management programs through the UVAM aggregates. The latter units allow the distributed resources to participate in the supply of flexibility services to the electricity network; a prerogative that until recently was reserved only for large production plants or industrial loads. With this initiative, the first residential storage systems managed by Enel X, as an aggregator, are also included in the UVAM aggregates within a sort of virtual plant offering network services. The trial, which will end at the end of 2020, already includes the participation of more than 100 photovoltaic systems with storage. All owners of residential plants and small businesses in the provinces concerned can join the initiative and leverage on its benefits by joining the Enel X Smart Community.
  • 25.
    Solution Updates IT Shades Engage& Enable PSEG (USA) Long Island Launches New Mobile App for Customers 19 Solution Description PSEG Long Island announced it has launched a new mobile app that enables customers using Apple or Android devices to securely and easily manage electric accounts while on the go. The new mobile app is the most recent example of the company’s commitment to improving customer service through innovation and technology advancements. The PSEG Long Island mobile app is the most recent example of a commitment to continue improving customer service through technology advancements. PSEG, was named to CIO Magazine’s 2019 CIO 100 list for its release of an Amazon Alexa customer service “skill” that allows customers to verbally ask billing questions, make payments, and get tips for reducing their energy usage and lowering their bills through Alexa-enabled devices. The list commends organizations that use leading-edge IT practices to create competitive advantages, improve business processes, enable growth and improve relations with customers. The PSEG Long Island website, recently updated with a more modern, completely mobile design that’s more useful and easier to navigate, was named No. 1 in the tristate area in 2019 by E Source, a leading market research and consulting firm for utilities. The PSEG Long Island MyPower map was updated to include additional information, such as crew location, cause and restoration of outages. An interactive reliability layer was also added to the map, detailing the reliability, FEMA, and circuit improvement projects PSEG Long Island is currently working on throughout the service territory. In addition, customers can interact with PSEG Long Island on Facebook, Twitter, Instagram and LinkedIn.
  • 26.
    Solution Updates IT Shades Engage& Enable SoCalGas, (USA) the San Joaquin Valley Air Pollution Control District, and Western Milling Unveil First of Nearly 30 New Ultra-low Emissions Trucks During World Ag Expo 20 Solution Description Southern California Gas Co., officials from the San Joaquin Valley Air Pollution Control District and Western Milling, one of the largest and most diverse manufacturers and suppliers of nutrient solutions for plants, animals, and people in the U.S., unveiled the first of a planned 30 new ultra-low emissions trucks the company will deploy at its operation in Goshen, Calif. The near-zero emissions natural gas trucks will be fueled with renewable natural gas that can virtually eliminate smog-forming pollutants and reduce greenhouse gas emissions linked to climate change by as much as 80 percent. These new trucks are powered by a 12-liter Cummins Westport engine, the first engine of its kind to meet the California Air Resources Board optional low NOx standard. In addition, Western Milling revealed plans to open a new public fueling station supplying renewable natural gas in the city of Goshen later this year. Western Milling's investment in its new natural gas trucks was supported by the San Joaquin Air Pollution Control District's Truck Replacement Program, an initiative to replace on-road diesel trucks with cleaner technology units or to expand fleets with the cleanest technology available – particularly in low income and disadvantaged communities experiencing greater air quality impacts. The program provides funding under its Standard Replacement, 2010 Compliant Replacement, and Fleet Expansion program options.
  • 27.
    IT Shades Engage &Enable For any queries, Please write to marketing@itshades.com Rewards & Recognition Updates Utility Industry
  • 28.
    R & RUpdates IT Shades Engage & Enable Alliant Energy (USA) Earns Top Marks in 2020 Corporate Equality Index For any queries, Please write to marketing@itshades.com 21 Alliant Energy’s perfect score on the 2020 Corporate Equality Index reflects the company’s commitment to employees and others in the LGBTQ+ community. The CEI is the premier benchmarking survey and report on LGBTQ+ workplace equality, administered by the Human Rights Campaign Foundation. The CEI evaluates non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits, competency programs and public engagement with the LGBTQ+ community. Alliant Energy satisfied all of the CEI criteria, scored a 100 percent ranking and was designated a Best Place to Work for LGBTQ+ Equality for the third year in a row. Alliant Energy is particularly proud of their Equality Alliance Employee Resource Group that promotes a safe and inclusive workplace for LGBTQ+ employees and engages allies. They provide insight and inspire change on company policies and practices, educate fellow employees and strengthen ties with LGBTQ+ organizations in their communities. R&R Description
  • 29.
    R & RUpdates IT Shades Engage & Enable AEP (USA) Receives Perfect Score, Named One of The Best Places to Work for LGBTQ Equality 22 American Electric Power has been named one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation. AEP earned a perfect score on the foundation’s 2020 Corporate Equality Index, an annual measure of how equitably large businesses in the United States treat their lesbian, gay, bisexual, transgender and queer employees, consumers and investors. The Human Rights Campaign Foundation rated companies based on three criteria: non-discrimination policies across business entities; equitable benefits for LGBTQ workers and their families; and supporting and inclusive culture and corporate social responsibility. AEP’s perfect score was achieved by meeting the following requirements: • Prohibits discrimination based on sexual orientation for all operations • Prohibits discrimination based on gender identity for all operations • Equivalency in same- and different-sex spousal medical and soft benefits • Equivalency in same- and different-sex domestic partner medical and soft benefits • Equal health coverage for transgender individuals without exclusion for medically necessary care • Three LGBTQ internal training and education best practices • Employee group or diversity council • Three distinct efforts of outreach or engagement to the broader LGBTQ community; and if a supplier diversity program is in place, must include LGBTQ suppliers • Contractor/supplier non-discrimination standards and philanthropic giving guidelines R&R Description
  • 30.
    R & RUpdates IT Shades Engage & Enable AEP (USA) Named One of Fortune's World's Most Admired Companies for Seventh Consecutive Year 23 American Electric Power has been named to Fortune magazine’s World’s Most Admired Companies list in the electric and gas utilities sector for the seventh year in a row. A total of 680 companies from 30 countries were surveyed for inclusion on this year’s list, which evaluates companies’ financial performance and corporate reputation. Each year, Fortune surveys top executives, directors and financial analysts about the companies in their industry based upon nine criteria: financial soundness, use of corporate assets, long-term investment value, quality of management, quality of products and services, people management, innovation, social responsibility, and global competitiveness. American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP's approximately 18,000 employees operate and maintain the nation's largest electricity transmission system and more than 219,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.4 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000 megawatts of diverse generating capacity, including about 5,200 megawatts of renewable energy. AEP's family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power, AEP Appalachian Power, Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company. AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide. R&R Description
  • 31.
    R & RUpdates IT Shades Engage & Enable AEP (USA) selected for 2020 Bloomberg gender-equality index 24 American Electric Power is among 325 companies included in the 2020 Bloomberg Gender-Equality Index, which recognizes companies that are trailblazers in their commitment to gender reporting and advancing women’s equality. This is the second consecutive year AEP has been included in the index. This year’s GEI is based upon scoring in five metrics: female leadership and talent pipeline; equal pay and gender pay parity; inclusive culture; sexual harassment policies; and pro-women brand. AEP was included in this year’s index for scoring at or above a global threshold established by Bloomberg to reflect a high level of disclosure and overall performance across the framework’s five pillars. The index includes firms from 50 industries headquartered across 42 countries and regions. American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP's approximately 18,000 employees operate and maintain the nation's largest electricity transmission system and more than 219,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.4 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000 megawatts of diverse generating capacity, including about 5,200 megawatts of renewable energy. AEP's family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide. R&R Description
  • 32.
    R & RUpdates IT Shades Engage & Enable Alliant Energy (USA) Earns Top Marks in 2020 Corporate Equality Index 25 Alliant Energy’s perfect score on the 2020 Corporate Equality Index reflects the company’s commitment to employees and others in the LGBTQ+ community. The CEI is the premier benchmarking survey and report on LGBTQ+ workplace equality, administered by the Human Rights Campaign Foundation. The CEI evaluates non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits, competency programs and public engagement with the LGBTQ+ community. Alliant Energy satisfied all of the CEI criteria, scored a 100 percent ranking and was designated a Best Place to Work for LGBTQ+ Equality for the third year in a row. Alliant Energy is particularly proud of their Equality Alliance Employee Resource Group that promotes a safe and inclusive workplace for LGBTQ+ employees and engages allies. They provide insight and inspire change on company policies and practices, educate fellow employees and strengthen ties with LGBTQ+ organizations in their communities. R&R Description
  • 33.
    R & RUpdates IT Shades Engage & Enable Dominion Energy (USA) Recognized for Outstanding Storm Response 26 The Edison Electric Institute has awarded Dominion Energy with the association’s Emergency Recovery Award for the company’s outstanding power restoration efforts after Hurricane Dorian caused more than 172,000 outages in Dominion Energy’s eastern Virginia and North Carolina service territory. Dominion Energy crews restored service to 100 percent of customers within three days after the storm, dedicating some 53,400 man-hours to the recovery effort. This marks the ninth time the company has received the Recovery Award from EEI. This award is given to select EEI member companies to recognize their extraordinary efforts to restore power to customers after service disruptions caused by severe weather conditions or other natural events. The winners are chosen by a panel of judges following an international nomination process. Dominion Energy received the award during EEI’s Winter Board and Chief Executives Meeting January 8 in Tucson, Ariz. This is the company’s 12th response award from EEI. Hurricane Dorian hit eastern Virginia and North Carolina on September 6 as a Category 1 hurricane with sustained winds of 35-to-55 miles per hour and gusts as high as 99 miles per hour, as measured at the Oregon Inlet Coast Guard Station in North Carolina’s Outer Banks. R&R Description
  • 34.
    R & RUpdates IT Shades Engage & Enable Duke Energy (USA) earns top marks in 2020 Corporate Equality Index 27 Duke Energy has received a perfect score for the third year in a row on the Human Rights Campaign’s 2020 Corporate Equality Index, a national benchmarking study that annually ranks companies on LGBTQ-friendly corporate practices and policies. Duke Energy’s score of 100% earned the company inclusion on the organization’s list of “Best Places to Work for LGBTQ Equality.” The 2020 Corporate Equality Index rates employers based on criteria in five categories: non-discrimination policies, benefits, organizational competency and accountability around LGBTQ inclusion, public commitment and citizenship. Duke Energy is one of only four companies headquartered in the Charlotte region to achieve a perfect score. Among the policies and practices in place at Duke Energy are anti-discrimination training, equal health coverage for transgender individuals, philanthropic giving to support the LGBTQ community, and an employee resource group whose mission is to promote LGBTQ inclusion. Duke Energy is transforming its customers’ experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit’s regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects. R&R Description
  • 35.
    R & RUpdates IT Shades Engage & Enable Duke Energy (USA) named one of Fortune’s ‘World’s Most Admired Companies’ for third consecutive year 28 Duke Energy has been named to Fortune magazine’s 2020 list of the World’s Most Admired Companies for the third year in a row. Duke Energy was ranked 5th among gas and electric utilities. Recent company performance highlights • Delivering value to customers – Duke Energy’s 7.7 million electric customers continue to benefit from rates below the national average, while also receiving strong reliability. • Combating climate change – Since 2005, Duke Energy has reduced its carbon emissions by 31%. In September, the company updated its climate strategy with a new goal of net-zero carbon emissions by 2050 and accelerated its 2030 goal, now cutting carbon emissions by at least 50%. • Responding to storms – In response to Hurricane Dorian, Duke Energy mobilized nearly 8,000 resources in Florida and more than 10,000 resources in the Carolinas and restored more than 95% of the 300,000 outages within 24 hours. • Investing in renewable energy – Since 2007, Duke Energy has grown its renewable generation portfolio and now has more than 7,100 megawatts (MW) of wind, solar and biomass capacity owned or under contract. Duke Energy is on track to meet its goal of owning or having under contract 8,000 MW of wind, solar and biomass capacity by the end of 2020. • Powering communities – Through its Powerful Communities program, the Duke Energy Foundation annually invests more than $30 million in charitable grants to bolster education, advance the workforce, safeguard nature and strengthen communities. Through the Duke Energy In Action program, employees and retirees annually volunteer more than 100,000 hours and donate millions of dollars to non-profit organizations. R&R Description
  • 36.
    R & RUpdates IT Shades Engage & Enable Enel (Italy) included for the first time in the Bloomberg Gender Equality Index and Corporate Knights Global 100 ranking 29 Enel has been included for the first time in the Bloomberg Gender Equality Index, being one of the leading 325 companies among nearly 6,000 companies publicly-listed firms across 84 countries assessed based on the extent of the disclosures and the achievement their gender inclusion initiatives. Enel’s Spanish subsidiary Endesa has also been included for the first time. In addition, at the World Economic Forum in Davos it was announced that Enel is also included for the first time in the Corporate Knights Global 100 Most Sustainable Corporations in the World index, reaching the 8th position overall. Enel ranks first among the four Italian companies included in the index and second within the power sector. The media, research and financial information products company Corporate Knights includes in the ranking the most active and transparent companies with regards to sustainable practices and performance. Enel’s inclusion in the Bloomberg GEI is due to its practices on promoting the presence of women at the Board of Directors, management positions and new hires, contributing to equal pay and conceiving social benefits and work life balance solutions to all its employees. Furthermore, Enel’s commitment to transparency on gender equality has also been recognized, making available a wide range of performance data to investors through Bloomberg database. R&R Description
  • 37.
    R & RUpdates IT Shades Engage & Enable FirstEnergy (USA) Named to Forbes' Best Employers for Diversity 2020 List 30 FirstEnergy Corp. has been named to Forbes magazine's Best Employers for Diversity 2020 list, recognizing the company's efforts to develop a diverse workforce. Forbes partnered with market research firm Statista to identify America's top 500 employers for diversity through a survey where employees offered their perceptions on the topics of age, gender equality, ethnicity, disability, LGBTQA+ and general diversity concerning their own employer. This designation by Forbes is among the recent recognition FirstEnergy has received for its commitment to diversity in the workplace. The company was also named to the Bloomberg Gender-Equality Index for the second consecutive year, and received a score of 80 out of 100 for its initiatives to support LGBTQ employees in the company's first year participating in the Human Rights Campaign's 2020 Corporate Equality Index. FirstEnergy has made significant strides to further embed diversity and inclusion in its culture. Through an annual survey that measures employee perceptions of diversity and inclusion, an increased number of employees indicated that they feel comfortable voicing their opinions openly. Together with initiatives such as employee business resource groups, enhanced hiring, recruiting and development processes that focus on diversity and inclusion, and a formal mentoring program, the company continues to engage employees in its efforts to make FirstEnergy a top place to work with an inviting and open culture. R&R Description
  • 38.
    R & RUpdates IT Shades Engage & Enable FirstEnergy (USA) Earns 2020 Bloomberg Gender-Equality Index Designation 31 FirstEnergy Corp. has been included in the Bloomberg Gender-Equality Index, earning recognition for its commitment to women's equality in the workplace. The GEI uses a standardized reporting framework to measure gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies and factors like supply chain and community support. Companies included in the index scored at or above a global threshold established by Bloomberg to reflect a high level of disclosure and performance across the framework's five pillars. In addition to tracking gender equality within the GEI framework, FirstEnergy has taken other significant steps to support women in the workplace, including establishing employee business resources groups (EBRGs) dedicated to promoting the professional development of women, as well as offering a formal mentoring program and leadership-focused learning opportunities for women. The 2020 GEI includes organizations across 50 industries, including energy, automotive, banking, consumer services, engineering and construction, and retail. To enhance global perspective, eligibility for the GEI was expanded this year to include 33 additional countries, giving 6,000 companies in 84 countries the opportunity to participate. R&R Description
  • 39.
    R & RUpdates IT Shades Engage & Enable Hydro One (Canada) highest ranking Utility employer in Ontario: Forbes Canada's Best Employers 32 This week Hydro One placed first among Ontario utilities on Forbes’ annual list of Canada's Best Employers. In addition, Hydro One ranked third in the Utilities category in Canada, while improving its overall ranking on the annual list by 16 positions from the previous year. In collaboration with analytics firm Statista, Forbes selected Canada’s Best Employers 2020 based on an independent survey of more than 8,000 Canadian employees working for companies employing at least 500 people in their Canadian operations. The surveys were administered in a series of online panels and provide a representative sample of the Canadian workforce. Hydro One Inc. is a fully owned subsidiary of Hydro One Limited, Ontario's largest electricity transmission and distribution provider with almost 1.4 million valued customers, over $25.6 billion in assets and 2018 annual revenues of over $6.1 billion. Our team of approximately 8,600 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2018, Hydro One invested almost $1.6 billion in its 30,000 circuit kilometres of high-voltage transmission and 123,000 circuit kilometres of primary distribution networks and injected approximately $1.3 billion into the economy by buying goods and services in Ontario. They are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. They are designated as a Sustainable Electricity Company by the Canadian Electricity Association. R&R Description
  • 40.
    R & RUpdates IT Shades Engage & Enable National Grid (UK) Named Top Diversity Employer 33 National Grid won two awards recognizing the company’s inclusion & diversity efforts in the workplace. The Human Rights Campaign Foundation designated National Grid as a “Best Place to Work for LGBTQ Equality” in their 2020 Corporate Equality Index, and gave the company a score of 100 points. The Index evaluates workforce protections, inclusive benefits, inclusive culture, and corporate social responsibility. Forbes included National Grid on a list of the Best Employers for Diversity 2020. The company was selected based on an independent survey from a representative sample of 60,000 employees working for companies employing at least 1,000 people in their US operations. Respondents answered questions regarding the topics of age, gender equality, ethnicity, disability, LGBTQA+, and general diversity concerning their own employer. National Grid has 11 Employee Resource Groups including Enabling Disability Confidence, the Hispanic Professional Association, PRIDE, and WiNTR. ERGs provide opportunities for employees to build their careers and skills through networking, peer mentoring, and engagement with senior leadership. National Grid also provides equitable and inclusive benefits to all employees and covers sexual orientation and gender identity in Equal Employment Opportunity policies. Their US executive team is over 60% diverse. R&R Description
  • 41.
    R & RUpdates IT Shades Engage & Enable NTPC (India) features among India’s Best Workplaces in Manufacturing 2020 34 NTPC Ltd, India’s largest Power Producer has been featured among India’s Best Workplaces in Manufacturing 2020-Top 30. NTPC has been recognized as one of India’s Best Workplaces for creating an environment of high-trust, high-performance culture and imbibing aspects of credibility, respect, fairness, pride and camaraderie among its employees. NTPC continues to provide its people with a superlative work experience. Whether it is a professional enrichment or personal support, NTPC has best in class practices that are thoughtfully designed and robustly executed. The efforts to constantly re-invent and keep up with the times are commendable. The never-ending spirit to serve communities and thereby the nation makes NTPC truly worthy of its title of a Maharatna” Great Place to Work added. NTPC has been constantly innovating and pioneering people practices in the domain of hiring, engagement, diversity & inclusion, rewards & recognition, training & development and performance management. NTPC has recently initiated an ‘NTPC Series’ on success stories beyond official work, 'Ambition, Growth, Success Beyond Work’ on the achievements of employees beyond their official assignments. The ‘Best Workplaces in Manufacturing 2020’ recognition is given by Great Place to Work®, a global authority on building, sustaining and recognizing High-Trust, High-Performance Culture at workplaces around the world. Every year, Great Place to Work® partners with more than 1000 organizations in India and after a rigorous assessment, identify the best of them as Great Workplaces. This recognition is a celebration of the best work cultures in the country and is the most prestigious and the most credible employer brand recognition.a R&R Description
  • 42.
    R & RUpdates IT Shades Engage & Enable Republic Services (USA) Recognized on CDP "A List" for Taking Lead on Climate Change 35 Republic Services, Inc. announced that CDP, the global environmental impact non-profit, named the Company to the prestigious Climate "A List" for its science-based goals, strategies and actions to lower greenhouse gas emissions and mitigate climate risks. CDP's annual rankings recognize companies from around the world that are pioneers for action on climate change, water and deforestation. In 2019, CDP scored more than 8,400 companies, with only the top two percent making the A List. Our Blue Planet: 2030 Goals • Reduce OSHA Total Recordable Incident Rate to 2.0 or less by 2030 • Engaged Workforce: Achieve and maintain employee engagement scores at or above 88 percent by 2030 • Climate Leadership: Reduce absolute Scope 1 and 2 greenhouse gas emissions 35 percent by 2030, approved by SBTi1 • Circular Economy: Increase recovery of key materials by 40 percent on a combined basis by 2030 • Regenerative Landfills: Increase biogas sent to beneficial reuse by 50 percent by 2030 Charitable Giving: Positively impact 20 million people by 2030In 2019 Republic announced a new set of long-term goals designed to address critical global macrotrends related to the Company's most important sustainability risks and opportunities. These goals also align with the United Nations Sustainable Development Goals. The CDP Climate A List score reflects Republic's commitment to sustainability, including the new goals, increased disclosures and notable sustainability achievements as demonstrated by inclusion in Barron's 2019 100 Most Sustainable Companies, Forbes 2019 Best Employers for Women and Ethisphere's 2019 World's Most Ethical Companies. R&R Description
  • 43.
    R & RUpdates IT Shades Engage & Enable Sempra Energy (USA) Recognized for Diversity Practices by Bloomberg, Forbes And Human Rights Campaign 36 Sempra Energy was recognized by three organizations this week for its diversity and inclusion practices. The company was named a "Best Place to Work for LGBTQ Equality" by the Human Rights Campaign, receiving a perfect score on the organization's Corporate Equality Index for the 12th consecutive year. Sempra Energy was also listed on the 2020 Bloomberg Gender-Equality Index and named one of "America's Best Employers for Diversity" by Forbes. The Corporate Equality Index is released annually by the Human Rights Campaign and serves as the nation's premier benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality. The Human Rights Campaign's index measures companies on five categories: non-discrimination policies, employment benefits, demonstrated competency and accountability around LGBTQ diversity and inclusion, public commitment to LGBTQ equality and responsible citizenship. Sempra Energy was also one of 325 companies recognized on the Bloomberg Gender-Equality Index, which distinguishes companies committed to transparency in gender reporting and advancing women's equality. This year, the index included companies from 11 sectors headquartered across 42 countries and regions. The reference index measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies and pro-women brand. R&R Description
  • 44.
    R & RUpdates IT Shades Engage & Enable Sempra Energy (USA) Named to Fortune Magazine's 'World's Most Admired Companies' List For 2020 37 Sempra Energy has been named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This is the 10th time the company has been recognized on the list, which ranks global businesses with the strongest reputations within their industries. Sempra Energy's inclusion on the ranking demonstrates the company's commitment to purpose-driven performance. The company's 20,000 employees are united in advancing Sempra's mission to be North America's premier energy infrastructure company by safely delivering reliable, affordable energy to over 40 million consumers every day. Since 2018, the company has focused its portfolio to include transmission and distribution assets in the most attractive markets in North America, including the LNG export market. Sempra Energy's public utilities power homes and businesses in California and Texas. The company also develops and operates strategic energy infrastructure in the United States and Mexico, including liquefied natural gas facilities, with a goal of delivering 45 million tonnes per annum of clean natural gas to the largest world markets. Fortune partners with Korn Ferry Hay Group, a global management consulting firm, to select companies for the annual "World's Most Admired Companies" list. Fortune considered the 1,000 largest U.S. companies ranked by revenue for the list, along with non-U.S. companies that have revenues of approximately $10 billion or more. The rankings are determined by surveying senior executives and directors from about 680 companies and 52 industries, as well as financial analysts. R&R Description
  • 45.
    R & RUpdates IT Shades Engage & Enable Southern Company (USA) earns perfect score in Human Rights Campaign Foundation's 2020 Corporate Equality Index 38 Southern Company has earned a 100 percent rating on the Human Rights Campaign Foundation's 2020 Corporate Equality Index. This is the fourth consecutive year Southern Company has been named one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation. Southern Company is committed to fostering a welcoming and inclusive environment where employees from different backgrounds and perspectives can realize their full potential. Throughout the organization, Southern Company is dedicated to empowering all employees to contribute, flourish and advance. The CEI is the national benchmarking survey used to report on corporate policies and practices relating to LGBTQ workplace equality. Using its most rigorous criteria to date. The CEI rating criteria have three key pillars: • Non-discrimination policies across business entities; • Equitable benefits for LGBTQ workers and their families; and • Supporting an inclusive culture and corporate social responsibility. 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. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. R&R Description
  • 46.
    R & RUpdates IT Shades Engage & Enable Southern Company (USA) Named to FORTUNE's 2020 World's Most Admired Companies List 39 Southern Company has been recognized by FORTUNE magazine on its 2020 World's Most Admired Companies list, a ranking of the world's most respected and reputable companies, based on a survey of almost 3,800 executives, directors and analysts. Southern Company is privileged to provide the clean, safe, reliable and affordable energy customers depend on to live, work and play. Southern Company has been entrusted with an enormous responsibility and operates its businesses accordingly. For more than a century, the company has been building the future of energy and developing the full portfolio of energy resources required to drive growth and prosperity. Southern Company and its subsidiaries recognize the responsibility that comes with a privilege to develop energy solutions and are steadfast in the commitment to customers, neighbours and communities. FORTUNE collaborated with management consulting firm Korn Ferry on this survey of corporate reputation. They began with a group of about 1,500 candidates: the 1,000 largest U.S. companies by revenue, along with non-U.S. companies in FORTUNE's Global 500 database that have revenues of $10 billion or more. To determine the best-regarded companies in 52 industries, Korn Ferry asked executives, directors and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. A company's score must rank in the top half of its industry survey to be listed. R&R Description
  • 47.
    R & RUpdates IT Shades Engage & Enable Southern Company (USA) Gas Subsidiary Chattanooga Gas Ranked No. 1 in Business Customer Satisfaction 40 Southern Company Gas subsidiary Chattanooga Gas earned the top-ranking score for customer satisfaction in a 2019 survey of the business community rating the 76 largest utilities in the United States. Chattanooga Gas sister companies, Virginia Natural Gas and Nicor Gas, also received high marks, earning all three natural gas providers the title of "Business Customer Champion" from the survey's conductor, analytics firm Escalent. The Cogent Syndicated Utility Trusted Brand and Customer Engagement Business Study by Escalent measured overall business customer engagement based on three core components: brand trust, product experience and service satisfaction. Three of Southern Company Gas' local distribution companies ranked in the 2019 survey: Chattanooga Gas achieved the highest Engaged Customer Relationship score in the entire industry, earning 826 out of 1,000 points. Virginia Natural Gas ranked second in the South region and third overall with an ECR of 808. Nicor Gas finished fifth in the Midwest region with an ECR of 790. This is the first full year that all eligible Southern Company Gas utilities have participated in this study. Southern Company Gas' fourth utility, Atlanta Gas Light, was ineligible to be included in the study due to its deregulated model. This is the 21st customer-related award Southern Company Gas has received since 2014. Earlier in 2019, Chattanooga Gas and Virginia Natural Gas received the Most Trusted Brand award from Escalent. That award is based on the brand trust category only and is measured against six brand trust index components such as local outreach, reputation, customer advocacy, environmental focus, communications effectiveness and brand traits. R&R Description
  • 48.
    R & RUpdates IT Shades Engage & Enable Galway Wind Park (Ireland) Scholarship Wins at IWEAAwards 41 Galway Wind Park, Ireland’s largest onshore wind farm, bagged yet another award at the annual Irish Wind Industry Awards. The 174MW project, co-owned by SSE Renewables and Greencoat Renewables, took home the opening award of the night for Wind Energy in the Community for the launch of Ireland’s first ever wind-powered third level scholarship. The scholarship, funded by Galway Wind Park, is set up to support students who live close to the wind park as they embark on their college education. To date, 40 students have received support from the fund. The Irish Wind Industry Awards, organised by the Irish Wind Energy Association, have been designed to recognise and celebrate companies and individuals demonstrating originality, innovation and excellence in Ireland’s wind energy sector. In 2019 Galway Wind Park won both Community Project of the Year and Project of the Year at the same awards. Galway Wind Park became fully operational in October 2018 and is now generating enough renewable energy to power around 140,000 homes, while offsetting over 220,000 tonnes of harmful carbon emissions annually. In addition to a multi-million-euro Community Fund, the wind park also includes the Galway Wind Way, 48km of onsite recreational walking and cycling trails, available for community members and tourists to enjoy for generations to come. R&R Description
  • 49.
    R & RUpdates IT Shades Engage & Enable TERNA (Italy) confirmed in the Bloomberg gender equality index 2020 42 Terna, the company that manages the Italian electricity transmission grid, was confirmed for the second consecutive year in the Bloomberg Gender Equality Index, the international index which measures corporate performance on equal pay and the quality and transparency of public reporting, a decisive element in the overall assessment. The GEI tracks the services of companies dedicated to sustaining gender equality through development, representation and policy transparency. This index measures gender equality based on 5 pillars: female leadership and talent pipelines, equal pay between men and women, inclusive culture, sexual harassment policies and female advancement. For the 2020 edition, Bloomberg has expanded the criteria for inclusion in the index to almost 6,000 companies in 84 countries and regions. Terna’s performance for 2020 is considered above average both compared to the companies included in the index and to the subset of companies in the Utilities sector. A score of 100/100 for disclosure showcases Terna’s choice of reporting transparency and quality, distinctive characteristics of the Group's sustainability policies. Terna continuously monitors the main gender equality indicators suggested by the GRI-Global Reporting Initiative standards, alongside a series of management parameters, in order to certify equal treatment between men and women, which confirms the provisions of the Group's Code of Ethics, i.e. the absence of disadvantages for women, or significant disparities; this has also been confirmed by the evaluation of “Equal Pay & Gender Pay Parity” and “Pro-Women Brand”. R&R Description
  • 50.
    R & RUpdates IT Shades Engage & Enable Waste Management (USA) Named on CDP ‘A List’ for Leading Effort Against Climate Change 43 Waste Management was recognized for its climate action this year, achieving a place on global environmental impact non-profit CDP’s prestigious ‘A List’ for climate change, based on the company’s climate disclosure in 2019. Waste Management was recognized for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy, based on the data submitted by the Company through CDP’s 2019 climate change questionnaire. Waste Management is one of a small number of high-performing companies out of thousands that were scored. CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2019, over 525 investors with over US$96 trillion in assets and 125 major purchasers with US$3.6 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform and over 8,400 responded. A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provide insufficient information are marked with an F. R&R Description
  • 51.
    IT Shades Engage &Enable For any queries, Please write to marketing@itshades.com Customer Success Updates Utility Industry
  • 52.
    Customer Success Updates ITShades Engage & Enable Ameren (USA) completes and energizes Mark Twain Transmission Project For any queries, Please write to marketing@itshades.com 44 Ameren Transmission Company of Illinois, a wholly owned subsidiary of Ameren Corporation, has completed and energized the Mark Twain Transmission Project, a 96-mile, 345,000-volt transmission line and substation in northeast Missouri. The line travels west from Palmyra to Kirksville, Missouri then north to the Iowa border. The Mark Twain Transmission Project is now providing local and regional benefits, including improved energy grid reliability, increased transmission capacity and greater access to lower cost energy, including renewable sources, such as wind. The $267 million project, which includes the Zachary substation in Adair County, Missouri, was placed into service as expected on Dec.19, 2019. Efficient project execution, which included the use of helicopters to install the transmission line, reduced landowner impact and improved construction efficiency. The Mark Twain Transmission Project has helped enable wind projects under development in Missouri that will provide lower cost energy to the grid, allowing the benefits of this project to far exceed the project costs. In January 2018, The Missouri Public Service Commission granted ATXI a certificate of convenience and necessity for the project that is now a critical link in the region's energy infrastructure. The Mark Twain Transmission Project was approved in 2011 by the Midcontinent Independent System Operator, Inc., a regional transmission organization. The project is part of a coordinated, multi-state group of transmission projects – known as Multi-Value Projects – being developed by transmission owners in MISO to improve and strengthen the regional energy grid. Other ATXI Multi-Value Projects include the Spoon River Project in Illinois, which was completed in February of 2018, and the Illinois Rivers Project, with an anticipated in-service date of December 2020. Description
  • 53.
    Customer Success Updates ITShades Engage & Enable Enel X (Italy) and Cremonini Group together for sustainable energy solutions For any queries, Please write to marketing@itshades.com 45 Environmental sustainability and consumption optimization are the objectives shared by Enel X and the Cremonini Group, active in the food sector, which has chosen the innovative and sustainable solutions of the Enel Group's business line to power with renewable sources the most important Italian production sites of Inalca, the leading subsidiary company in the meat processing and distribution abroad of food products. Specifically, Enel X will build photovoltaic systems in eight of the company's industrial plants for a total capacity of over 4 MW, which will allow annual savings of about 1,850,000 kg of CO2. Currently Inalca generates 100% of the energy necessary for the operation of its sites and over 40% of this comes from renewable sources. Thanks to the new plants, the company will increase this share significantly. Enel X, already partner of Chef Express in the field of energy efficiency through the use of digital platforms, thanks to this agreement strengthens the collaboration with the Cremonini Group company that manages all the catering activities, installing two photovoltaic systems of 50 kW each in two large motorway service areas in the provinces of Udine and Venice. In addition to photovoltaic plants, Enel X will offer the Cremonini Group maintenance and energy management services on the complete portfolio of sites, thanks to the EMS monitoring platform. The agreement also provides for the analysis of the degree of circularity of the Group, with particular attention to the energy sector, aimed at identifying a roadmap of interventions in line with the objectives of carbon neutrality and environmental sustainability. Description
  • 54.
    Customer Success Updates ITShades Engage & Enable Republic Services (USA); Foundation Awards 24 National Neighborhood Promise® Grants for 2020 For any queries, Please write to marketing@itshades.com 46 The Republic Services Charitable Foundation announced that it has awarded 24 National Neighborhood Promise® grants for 2020, which will fund neighborhood revitalization projects around the country in areas where Republic Services customers and employees live and work. Projects include renovations to local schools and community centers that provide healthy and safe spaces for youth, home repairs for veterans and seniors, and beautification efforts including landscaping and garden beds in public spaces. The Republic Services Charitable Foundation launched the National Neighborhood Promise program in late 2018, partnering with select nonprofit organizations to directly support neighborhood revitalization work. The Foundation supports these efforts through granted funds, donated products and services, and volunteer opportunities for employees. In 2020, the Foundation is providing grants ranging from $20,000 to $250,000 to 24 community partners. The projects in total are estimated to benefit more than 800,000 residents. These efforts support Republic's long-term charitable giving sustainability goal to positively impact 20 million people by 2030, which also creates value for the business over the long term. Description
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    Customer Success Updates ITShades Engage & Enable RusHydro (Russia) signs first power purchase agreement in an isolated price zone For any queries, Please write to marketing@itshades.com 47 PJSC Kolymaenergo, a subsidiary of PJSC RusHydro and JSC Polyus Magadan have signed a five-year bilateral power purchase agreement in the technically isolated power system. Electricity supply will start in 2020 to reach a total of 310 GWh during the contract’s term. The agreement will foster gold mining and hydropower production in the Magadan region. The price in the agreement is set within the minimum and maximum ranges determined by the regulatory authorities for the five-year term. This agreement will have no effect on electricity price for other users in the region. Signing of such an agreement was made possible thanks to changes to the Federal Law “On Electric Power Industry”, as well as to the resolution of the Government of the Russian Federation on basic principles governing the function of retail electricity markets as well as approval of the applicable methodological guidelines of the Federal Antimonopoly Service. The changes refer to economic development of the Far East, primarily at improving the region’s investment climate by introducing mechanisms for long-term mutually beneficial PPAs in regions with 100% tariff regulation. Description
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    Customer Success Updates ITShades Engage & Enable Uniper (Germany) awarded six-year contracts to deliver innovative grid stability services For any queries, Please write to marketing@itshades.com 48 Uniper has been awarded four six-year contracts to deliver grid stability services at Killingholme and Grain facilities in Britain. Following the contract signing, we will repurpose redundant steam generators at Killingholme, and build two new synchronous compensation units at Grain, which will start delivering inertia services and voltage control to the Grid from April 2021. Uniper will be the biggest provider of dedicated inertia and voltage control and will deliver the services at Killingholme and Grain up to 2026. Uniper will provide these services without the need for combustion of fuel. This innovative approach removes the need to use ‘generating’ power stations that have traditionally been needed to keep the system stable and our electricity supply at the required frequency. These services will operate independently of our current generating assets on site, whilst making use of existing infrastructure. This will make an important contribution in helping to enable the transition to a low carbon future by maintaining grid stability and security of supply as more intermittent, renewable generation technology comes online; one of the central challenges of the energy transition. And Uniper supports National Grid ESO in their ambition to operate a lower carbon energy grid in the future. This is the first tender National Grid ESO has run under phase one of its System Stability Pathfinder. With further stability tenders still expected to take place, providing further opportunities for Uniper to utilize its assets and engineering and market expertise in this fast-developing sector of the energy transition. Description
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    IT Shades Engage &Enable For any queries, Please write to marketing@itshades.com Partner Ecosystem Updates Utility Industry
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    Partner Ecosystem Updates ITShades Engage & Enable EGAT (Thailand) kicks off the World's Largest Hydro-Floating Solar Hybrid Project For any queries, Please write to marketing@itshades.com 49 EGAT and B. GRIMM POWER – ENERGY CHINA CONSORTIUM signed an EPC contract to build the hydro-floating solar hybrid project at Sirindhorn Dam with the deal worth 842 million baht. The project is an important eco-friendly energy scheme that will encourage and strengthen Thailand’s security of power system. The solar panels selected for this 45 MW project are crystalline double glass module which is suitable for being installed on the surface of the water with high moisture. The eco-friendly HDPE plastic floating platform which is not dangerous to aquatic animals will be installed covering the surface area over 450 rai with low cost of investment by sharing facilities with the existing transmission system, transformers, and high voltage substations etc. The project is expected to complete within 12 months, and commercial operation date is scheduled in December 2020. Hydro-Floating Solar Hybrid Project at Sirindhorn Dam is regarded as a major step in the development of renewable energy in Thailand. It also enables BGRIM to increase the potential and standards in the development of robust renewable energy business and serve government's policies. The participation in this project will also open up opportunities for other floating solar projects. In partnership with a global partner, Energy China, as one of the world’s largest comprehensive energy solutions and a major state owned-conglomerate of the People Republic of China has high potential and cost-effective advantages in procurement, providing with highest standard of engineering and of construction. Description
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    Partner Ecosystem Updates ITShades Engage & Enable Atmos Energy (USA) Joins ONE Future, Furthering Commitment to Long-Term Sustainability For any queries, Please write to marketing@itshades.com 50 Atmos Energy Corporation announced it has joined Our Nation’s Energy Future Coalition, a voluntary alliance of leading companies across the natural gas supply chain focused on technology and policy solutions to drive continual improvement in the reduction of methane emissions. Natural gas is a critical part of our nation’s clean energy future, and Atmos Energy’s membership in ONE Future reflects the company’s continued commitment to responsible, sustainable practices in its natural gas distribution businesses and pipeline and storage operations. As part of its membership in ONE Future, Atmos Energy commits to measuring and reporting emissions and tracking its progress in accordance with ONE Future protocols. The company will continue to focus on innovation, long-term sustainability and risk mitigation while remaining committed to its vision to be the safest provider of natural gas services. In addition to ONE Future, Atmos Energy is a founding partner of the Environmental Protection Agency’s Natural Gas Methane Challenge and natural Gas STAR Programs which are voluntary programs that encourage oil and natural gas companies to improve efficiency and reduce methane emissions. Atmos Energy also voluntarily reports gas operations data in the Edison Electric Institute and the American Gas Association (AGA) environmental, social, governance, and sustainability template. Description
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    Partner Ecosystem Updates ITShades Engage & Enable Dominion Energy, (USA) Trade Unions Announce Virginia Renewable Energy Partnership For any queries, Please write to marketing@itshades.com 51 Dominion Energy reaffirmed its commitment to hiring a skilled union workforce by agreeing to negotiate a Project Labour Agreement with three of the nation’s leading building and construction trade unions. Dominion Energy along with the Virginia State Building and Construction Trades Council, the International Brotherhood of Electrical Workers and the Labourer’s International Union of North America Mid-Atlantic Region announced plans to negotiate a Project Labour Agreement, whether directly or through the relevant contractor, to perform the onshore electrical interconnection work for the first stage of the company’s Coastal Virginia Offshore Wind commercial project, the largest announced offshore wind project in the Western Hemisphere, located 27 miles off the Virginia Beach coast. Dominion Energy and skilled craft labour have worked together for many years on traditional energy projects and are extending this long-standing partnership to renewable energy. The company is the nation’s fourth largest utility operator of solar energy and is helping Virginia become a leader in U.S. offshore wind development. 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 expects to cut generating fleet carbon dioxide emissions 55 percent by 2030 and reduce methane emissions from its gas assets 50 percent by 2030. Description
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    Partner Ecosystem Updates ITShades Engage & Enable Arlington County Partners with Dominion Energy (USA) to Help Achieve Energy Goals For any queries, Please write to marketing@itshades.com 52 The Arlington County Board has approved a partnership with Dominion Energy Virginia to purchase power from a solar farm in southern Virginia. The project goes beyond the County's adopted Community Energy Plan goal of having at least 50 percent of electricity for County operations come from renewable sources by 2022. The facility is expected to generate about 79,000 megawatt-hours of electricity per year for Arlington County's government operations. That is more than 80 percent of the electricity used annually for all County buildings, streetlights, traffic signals, water pumping and wastewater treatment. Arlington County is the first locality in the Commonwealth to enter into a power purchase agreement of this scale for off-site solar energy with an investor-owned utility company. The agreement will not require any capital funding or upfront costs from the County. The solar farm will generate electricity that Dominion sells into the wholesale electric grid at market rates. The price for the delivered energy and renewable attributes will be the difference between the wholesale power price and the contract fixed price. For the first year, the net credit or cost will be estimated based on price forecasts and estimates of electricity production. In each subsequent year, the credit or cost will be reset based on the previous year's actual production and costs. Arlington County currently pays Dominion Energy for electricity. Over time, this agreement is expected to be cost neutral. The project will have no impact on customer rates. Description
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    Partner Ecosystem Updates ITShades Engage & Enable EDP (Portugal) is a partner in the first European robot center in offshore wind farms For any queries, Please write to marketing@itshades.com 53 EDP is a partner in the first European robot center in offshore wind farms. The first European real-time maritime robot testing center will be set up on the coast of Viana do Castelo. Atlantis Test Center will enable the validation of robotic solutions in the most extreme weather conditions of the Atlantic Ocean, especially for the inspection and maintenance of offshore wind infrastructure. The European project Atlantis - The Atlantic Testing Platform for Maritime Robotics: New Frontiers for Inspection and Maintenance of Offshore Energy Infrastructures, led by INESC TEC and with the participation of EDP and support from various technological and academic partners, reinforces the development of monitoring and maintenance technologies for wind infrastructures at sea. The project will create a pioneering platform in Europe which aims to demonstrate robotic technologies and solutions that are essential for the inspection and maintenance of offshore wind farms around the world. Atlantis will focus on the inspection, maintenance and repair of offshore wind infrastructures, where a number of autonomous robots (underwater, surface and air) will be developed and tested in various industrial scenarios, such as the inspection of mooring lines, the monitoring underwater structures and turbine cleaning. The use of robots in this sector aims to mitigate risk and reduce the cost of operating and maintaining offshore wind farms, particularly in deep water. The center will use WindFloat Atlantic Park to validate and demonstrate robotic applications developed by research centers or technological companies, that contribute to the sustainability of this sector. Description
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    Partner Ecosystem Updates ITShades Engage & Enable Espoo and Fortum (Finland) collaboration on the city’s most significant climate action: Espoo Clean Heat project to discontinue coal combustion in 2025 For any queries, Please write to marketing@itshades.com 54 Fortum and the City of Espoo have committed to carbon-neutral district heating production in the district heating network operating in the Espoo, Kauniainen and Kirkkonummi regions in the 2020s. The district heating network supplies heat to 250,000 end users in homes and offices. The development work that began in 2016 was accelerated last autumn when a new intermediate goal was set to discontinue the use of coal in 2025. The accelerated carbon-neutrality project is called Espoo Clean Heat. The production of carbon-neutral district heating in Espoo made advancements during the last decade by using waste heat from wastewater, for example. Last year about one quarter of the production was already carbon-neutral, and this year the share will increase to 40% when the Kivenlahti bioheating facility and the Otaniemi geothermal plant are commissioned and when one of the two coal-fired units is decommissioned at the Suomenoja power plant. According to the plan, decommissioning the last coal-fired unit will raise the share of carbon-neutral district heating production to 85% in 2025. The focus in finding alternative solutions is primarily on combustion-free solutions. Fortum and the City of Espoo are working together to find suitable locations for data centre operations and to attract data centre operators to Espoo. A data centre generates a lot of waste heat that can be utilised in the district heating network. Waste heat from a large, 100-MW data centre could provide heat for as much as one third of the district heating network in the Espoo, Kauniainen and Kirkkonummi region. Description
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    Partner Ecosystem Updates ITShades Engage & Enable SoCalGas (USA) Joins Bakersfield Mayor Goh and Business Leaders to Mark Opening of New Renewable Natural Gas Fueling Station Along Highway 99 For any queries, Please write to marketing@itshades.com 55 Southern California Gas Co. has joined Bakersfield Mayor Karen Goh, and local air quality regulators to mark the grand opening of a new compressed natural gas fueling station located at 35118 McMurtrey Avenue in Bakersfield, CA. The new fueling station is open to the public and will exclusively offer renewable natural gas, a clean, sustainable fuel made from methane that would otherwise be emitted from landfills, dairy farms, and other waste sources. The new RNG station extends the network of clean natural gas stations across a key regional goods movement corridor in the San Joaquin Valley, which experiences the worst particulate matter pollution in the state, according to the California Air Resources Board (CARB). In any given day, over twenty thousand trucks pass through Highway 99 in Bakersfield, emitting roughly eighty-five tons of smog-causing nitrogen-oxide emissions. Near-Zero emissions natural gas trucks fueled with RNG can virtually eliminate smog forming pollutants and reduce greenhouse gas emissions linked to climate change by as much as 80 percent. Renewable natural gas is not a fossil fuel. It is a renewable form of energy produced from the methane emissions at dairy farms, wastewater treatment plants, landfills, and other waste streams. Depending on its source, RNG can be low-carbon or in some cases, even carbon neutral or negative. Capturing the methane from these waste sources and converting it into RNG keeps greenhouse gas emissions from entering the atmosphere and contributing to climate change and reduces the use of fossil fuels. Description
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    Partner Ecosystem Updates ITShades Engage & Enable TERNA (Italy) And Consumer Associations Work Together to Strengthen Collaboration and Dialogue on The Future of The Electricity System For any queries, Please write to marketing@itshades.com 56 Terna and 11 Italian Consumer Associations signed a Memorandum of Understanding aimed at strengthening cooperation between the parties with regard to Terna's activities as electricity system operator, with particular attention to electricity service objectives in terms of safety and efficiency. Terna and the Italian Consumer Associations will take action for the implementation of the interventions on the national electricity transmission grid and will be committed to cooperate during the consultation process aimed at finding the best location for new electricity infrastructures. At the heart of the memorandum there are also the sharing of information on European, national, regional and local legislative initiatives; the promotion of awareness-raising actions on energy transmission related themes; the launch of an analysis process on sustainable interventions for a transition to smart electricity and energy system in the Italian smaller islands. The agreement will also launch a training and dissemination programmed designed for consumer associations and jointly developed to focus on electricity industry related themes. This collaboration will facilitate the dissemination of the culture of energy transition to local communities also through research and development initiatives supported by European and national public contributions. Description
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    Partner Ecosystem Updates ITShades Engage & Enable Uniper (Germany) subsidiary Liqvis and Echo Tankstellen GmbH join forces to expand LNG filling station network for trucks For any queries, Please write to marketing@itshades.com 57 Liqvis GmbH and Echo Tankstellen GmbH are joining forces to help expand the LNG filling station network in Germany. Selected sites operated by Echo are under initial consideration for this purpose. Subject to approval by the regulatory authorities, the first joint site set to be realized will be the Esso truck stop in Seligweiler near Ulm, which is operated by Hotel & Rasthaus Seligweiler GmbH & Co KG. A joint project group will then discuss where to build further LNG filling stations and assess the feasibility of these sites before applying to the authorities and implementing them. The companies aim to establish LNG on the market as an alternative fuel for heavy goods vehicles and to help develop the associated infrastructure into a closed network. The Echo network currently comprises around 1000 filling stations operating under the brand name Esso. Liqvis is expected to have six sites where trucks can refuel with LNG by the end of 2020: Berlin Grünheide, Kassel-Lohfelden, Rosengarten/Hamburg, Langenhagen/Hannover, Bönen, and Calais in northern France. The Ulm Seligweiler filling station that is currently being planned together with Echo will be added in 2021. LNG is refrigerated liquefied natural gas consisting mostly of methane. A key advantage of LNG is low emissions, primarily of particulates, nitrogen oxides, CO2 and even noise. The particulate and NOx values remain well below the Euro VI standard. Particulate emissions are virtually non-existent with an LNG drive. LNG-fueled engines are also extremely quiet, which is a real boon when making deliveries outside normal hours. Description
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    IT Shades Engage &Enable For any queries, Please write to marketing@itshades.com Miscellaneous Updates Utility Industry
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    Miscellaneous Updates IT Shades Engage& Enable British Gas (UK) launches leading Green Future tariff For any queries, Please write to marketing@itshades.com 58 British Gas announces the launch of its Green Future Plus July 2022 tariff which offers consumers one of the greenest tariffs in the market at a competitive cost. The green credentials are: • Green Gas: 10% of the gas on this tariff will be from renewable sources by buying Renewable Gas Guarantees of Origin certificates from the Green Gas Certification Scheme. Green gas is comprised of biomethane which is produced from renewable sources. The green gas on this tariff derives from Centrica backed Barrow Green Gas. Partnering with ClimateCare, 90% of the gas customers use on this tariff is carbon offset through carbon reduction projects in developing countries by buying Verified Emission Reduction Certificates from traceable projects verified by the Verified Carbon Standard. • Ecomapua Project: Each customer is helping to protect a hectare of rainforest in the Amazon each year. The project is certified by the Verified Carbon Standard, which issues one VER certificate per tonne of CO2 mitigated as a result of the project. • Renewable Electricity: 100% of customer electricity use on this tariff will be matched by buying electricity from renewable sources through Guarantees of Origin certificates or Renewable Energy Guarantee of Origin certificates or both. • Woodland Projects: Dual-fuel customers will support the growth of up to 10 trees in the UK per household for each year of the tariff. ClimateCare will evidence the trees supported by purchasing Pending Issuance Units or Woodland Carbon Units. Description
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    Miscellaneous Updates IT Shades Engage& Enable REC (India) extends CSR support to provide job-oriented skill development training in Mirzapur district, Uttar Pradesh For any queries, Please write to marketing@itshades.com 59 REC Foundation, the CSR arm of the Navratna Central Govt. PSU REC Limited, signed a memorandum with Munderi Government Higher Secondary School, Munderi, Distt- Kannur, Kerala extending CSR support of Rs.2.7 crore on construction of kitchen and dining hall in Government Higher Secondary School. The project is aimed at building up the state owned Munderi Government Higher Secondary School as unique model which offers, excellent quality, efficient, holistic and free of cost educational opportunity to students in the area and thereby encouraging student community in the nearby areas to enroll in the school, realizing the concept of neighborhood education. In 18 months’, time, the project will benefit more than 1000 students in the area. The agreement was signed on 6th January 2020 betweenCEO, REC Foundation and District Panchayat Office, Kannur, Kerala in presence CMD, REC, ED Finance & CSR, REC Limited. Description
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    IT Shades Engage &Enable For any queries, Please write to marketing@itshades.com Event Updates Utility Industry
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    Event Updates IT Shades Engage& Enable For any queries, Please write to marketing@itshades.com Upcoming Events - Utility 2020 Utility Conference Utility Conference is an experience for the utility professional in charge of distributed and renewable energy programs and services who need answers they can trust. Hosted By : Smart Electric Power Alliance Charlotte, USA 4-5 May, 2020 https://sepapower.org/event-complex/2020-utility-conference/?gclid=CjwKCAiA4Y7yBRB8EiwADV1haUpxK-R2M6BWzHc5pprUdvVcElsr_oMsEVk9V5GpwSKUggvQ_OC39xoCYJYQAvD_BwE Microgrid Global Innovation Forum & Virtual Power Plants Derms Summit North America The global microgrid market size was valued at USD 3.76 billion in 2016, and is expected to reach USD 30.9 billion by 2027, according to Navigant Research. North America is the largest market for grid-connected systems, and is expected to remain so over the coming years. Now is the time to position your organization for success within this growing market. Hosted By : Smart Grid Observer Chicago, USA 10-11 Mar, 2020 http://microgridinnovation.com/Chicago/ National Conference on Microgrids ACI’s 10th National Conference on Microgrids will be taking place in Boston, USA on the 18th – 19th March 2020. The two day event will consist of a number of informative presentations followed by interactive Q&A sessions and panel discussions, bringing together key industry stakeholders including utility companies, microgrid owners, project developers, energy technology providers, renewable energy providers, relevant consultants, associations and governmental bodies. Hosted By : The Whitmore Group 2020 Massachusetts - USA 18-19 Mar, 2020 https://www.wplgroup.com/aci/event/us-national-microgrids-conference/ Kansas Power and Energy Conference KPEC is presented by the graduate student members of the IEEE Industry Applications Society - Power Electronics Society - Power and Energy Society (IAS-PELS-PES) joint chapter at Kansas State University. Hosted By : KPEC 2020 Manhattan, USA 13-14 April, 2020 https://www.kpec-ksu.org/ MLPA & Energy Infrastructure Conference The Energy Infrastructure Council (EIC) is a non-profit trade association dedicated to advancing the interests of companies that develop and operate energy infrastructure. EIC addresses core public policy issues critical to investment in America’s energy infrastructure. Hosted By : EIC Las Vegas, USA 11-15 May, 2020 https://eic.energy/ National Hydropower Association Conference The National Hydropower Association Conference will provide you the opportunity to network, learn about legislative and regulatory initiatives, and discuss the issues impacting hydropower and marine Hosted By : National Hydropower Association Washington DC, USA 19-21 May, 2020 https://www.hydro.org/ 60
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    Event Updates IT Shades Engage& Enable For any queries, Please write to marketing@itshades.com Upcoming Events - Utility Grid Evolution Summit The Grid Evolution Summit brings all of the top stakeholders across the entire industry together in one room to determine how to modernize the electric sector. Hosted By : Smart Electric Power Alliance Washington DC, USA 27-29 July, 2020 https://sepapower.org/event-complex/2020-sepa-grid-evolution-summit/ Peak Load Management Alliance Conference PLMA (Peak Load Management Alliance) was founded in 1999 as a community of experts and practitioners dedicated to sharing knowledge and providing resources to promote inclusiveness in the design, delivery, technology, and management of solutions addressing energy and natural resource integration. The non-profit association provides a forum for practitioners to share dynamic load management expertise, including demand response and distributed energy resources. PLMA members share expertise to educate each other and explore innovative approaches to load management programs, price and rate response, regional regulatory issues, and technologies as the energy markets evolve. Hosted By : Peak Load Management Alliance Baltimore, USA 9-11 Nov, 2020 https://www.peakload.org/ Electric Utility Fleet Managers Conference The Electric Utility Fleet Managers Conference (EUFMC) is an educational conference for fleet representatives from investor-owned electric utilities, electric cooperatives and electrical contractors held annually at the Williamsburg Lodge and Conference Center in Williamsburg, Virginia. Hosted By : EUFMC Williamsburg, USA 31 May - 3 June, 2020 https://eufmc.com/ The UK’s Leading Energy & Water Summit Future of Utilities Summit brings top-level energy and water executives together to transform business models and adapt to the disruption in the market. Learn from board-level executives from EDF Energy, Thames Water and SP Energy Networks, and join senior representatives from every important industry player to exchange ideas, raise your profile, unlock solutions and accelerate industry change. Hosted By : marketforcelive London, UK 24-25 Mar, 2020 https://marketforcelive.com/future-of-utilities/events/utilities-summit/ Indian Utility Week Indian Utility Week and DISTRIBUTECH India co-locates with the 17th annual POWERGEN India, the flagship power generation show, offering an end-to-end Indian energy experience for the whole energy supply chain, under one roof. Hosted By : Indian Utility Week 2020 NEW DELHI, INDIA 5-7 May, 2020 https://www.indian-utility-week.com/ IDC utility summit In a stubborn pursuit to become energy-as-a-service providers or high-value service providers, utilities are chipping through thick rough to what really matters. That is, what matters to stakeholders, investors, employees, and customers — today and in the future. Energy-as-a-service providers aim to carve out a unique space for themselves, to capture the attention of their communities and future generations that, in time, will hopefully become customers and part of their workforce. This includes reimagining the corporate culture to embed ethical values that are important for GenZ. Hosted By : Idc Malaga, Spain 16-17 Mar, 2020o https://idcutilitiessummit.com/ 61
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    IT Shades Engage &Enable For any queries, Please write to marketing@itshades.com 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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