Today, during a town hall with 1000 young leaders from Latin America and the Caribbean, President Obama will announce a series of investments and new programs in support of the Young Leaders of the Americas Initiative (YLAI) which was launched in 2015. Through YLAI, the United States is investing in the next generation of Latin American and Caribbean leaders, and has committed significant resources to enhance leadership skills, bolster entrepreneurship, and connect young leaders with one another, the United States, and the American people. Signature additional investments in YLAI and young people across the hemisphere include: Growing the YLAI Network The YLAI Network is a growing online and in-person community of nearly 20,000 young people-- entrepreneurs, activists, and public servants--working together to solve shared challenges for their continent and the world. Through YLAI Empowers, YLAI Network members will now have access to an array of online courses and training materials, along with virtual mentoring and networking opportunities. YLAI Empowers will also provide access to tailor-made training videos on leadership, business and entrepreneurship, civic leadership, and public management featuring U.S. university professors and experts in their field. USAID will leverage $150,000 to support the creation of a collaboration platform where members can work together on projects, business, and share expertise to increase the impact of the YLAI Network in communities across Latin America and the Caribbean. The platform will be developed in collaboration with YLAI members. Increasing Access to Mentorship from the Private-Sector The U.S. State Department, in partnership with the private sector, will launch the YLAI Professional Fellows Reverse Exchange Program to implement collaborative community projects and strengthen partnerships between companies and organizations in the U.S. and Latin America and the Caribbean. U.S. Government funding of $125,000 and private sector cost-sharing of over $75,000 will fund projects and travel for 45 U.S. Fellowship Hosts to visit YLAI Fellows’ home countries to expand YLAI’s impact and build lasting partnerships. New Entrepreneurship Grants The U.S. Department of State’s Bureau of Educational and Cultural Affairs YLAI Small Grants will leverage $125,000 in U.S. Government funding to build public private partnerships for community training projects for YLAI Professional Fellowsover the next two years in the form of small-business entrepreneurship grants. These grants will support robust communities of entrepreneurs and the expansion of businesses and social ventures across Latin America and the Caribbean. The U.S. Department of State has set aside $250,000 USD to be used by YLAI Fellows, in coordination with our U.S. Embassies, for follow-on projects, programs and activities to keep the momentum going after their U.S. exchange program and strengthen the broader YLAI Network. Increasing Digital Literacy for Entrepreneurs The U.S. Department of State will host a series of YLAI TechCamps, starting in Paraguay in 2017, for social entrepreneurship with participants from neighboring countries. Participants will gain new digital literacy and technology skills to enhance the work they are doing to make social change in their community. Bolstering Innovation and Connectivity for Civil Society The Latin America and Caribbean Civil Society Innovation Initiative (CSII) Hub (LAC Hub), supported through the Stand with Civil Society Initiative, will connect civil society organizations in Latin America to each other and to key allies across sectors through peer-to-peer investments and digital tools. The LAC Hub—established by representatives from 44 organizations from 23 countries across Latin America and the Caribbean—supports the work of civil society by amplifying their voices and developing innovative approaches that expand the reach and impact of civic activism in open, closing, and closed spaces. YLAI participants will partner with the LAC Hub to provide their expertise to an online marketplace of civil society innovators who are looking for partners to expand the impact of their work. The LAC Hub is one of six regional CSII Innovation Hubs globally. Investing in Youth to Curb Crime and Violence The U.S. Agency for International Development is investing $40 million in the Community, Family, and Youth Resilience (CFYR) Program to reduce youth involvement in crime and violence in the Eastern and Southern Caribbean. CFYR builds youth resilience to create pathways away from crime and toward productive participation in the community and economy. CFYR will also build the capacity of service providers to administer risk-screening tools and to deliver quality services that meet identified needs in collaboration with communities and families, and through partnerships with the government and private sector. Increasing Global Competency through 100,000 Strong in the Americas The 100,000 Strong in the Americas Innovation Fund will launch the first Peru-specific grant competition in 2017 that will stimulate and facilitate 20 new higher education institutional partnerships exclusively between Peruvian and U.S. colleges and universities on topics including water, climate change, STEM, and environmental sciences. This $600,000 Peru-specific Innovation Fund grant opportunity is made possible due to the public-private sector collaboration and commitments of the U.S. Department of State, Sempra Energy, and CAF: The Development Bank for Latin America. This Innovation Fund grant competition up will benefit student mobility between Peru and the United States, creating new opportunities for students to work and study in teams and increase regional education cooperation and competiveness. ###
Is it the right time to focus on utility ETFs?
Sempra Energy's (SRE) third-quarter 2016 adjusted earnings per share came in at $1.02, beating the Zacks Consensus Estimate of 97 cents by 5.2%.
Sempra Energy surpassed the earnings expectation by 5.2%. Our consensus called for third-quarter EPS of 97 cents, and the company reported adjusted EPS of $1.02.
We expect FirstEnergy Corp. (FE) to beat estimates when it reports third-quarter 2016 results on Nov 4
Sempra Energy (SRE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Addressing climate change remains a top priority for President Obama. The Administration is committed to take action on climate change by continuing to promote the transition to clean energy sources and create good paying jobs. As the President made clear in his Climate Action Plan, he firmly believes that the federal government should lead by example in improving energy efficiency and cutting harmful carbon pollution. Today the Administration is celebrating the achievement of one federal leadership goal, and setting a new one. In 2012, President Obama announced the Department of Defense's (DoD) commitment to deploy three gigawatts on Army, Navy, and Air Force installations by 2025 – enough to power 750,000 homes. Today, in Arlington, Arizona, the Department of Navy, Department of Energy, Sempra Energy, and the White House Office of Federal Sustainability are participating in a ribbon cutting ceremony to announce the operationalization of 210 megawatts of solar power at the Mesquite III facility, the federal government's largest investment in clean energy in history. Mesquite III will supply 14 Navy and Marine Corps installations in California with clean energy, providing one-third of their electricity needs for 25 years at a cost savings of more than $90 million. In addition to announcing a major milestone towards the DoD renewable energy goal, today the Obama Administration is launching another ambitious target – a new goal for civilian agencies to procure and facilitate development of 1 gigawatt of new renewable electricity by 2021. This goal promotes installation of renewable energy on federal land, the development of new solar through power purchase agreements, and procurement of bundled green energy to power federal facilities. Additionally, this target will also incentivize projects on federal land where the government is not the sole user, such as enhanced use leases and facilitation of private development. This goal builds on last year’s goal that 30 percent of electricity used by the federal government will come from renewable sources by 2025, and solar will play a large part. Since 2010, federal agencies have increased use of solar five-fold, with solar now accounting for 19 percent of renewable electricity use and 180 megawatts of onsite power. Federal leadership in deploying renewable energy has contributed to significant progress in deploying solar. When President Obama took office, there wasn’t a single utility-scale photovoltaic (PV) solar plant in America larger than 20 megawatts. But beginning in 2009, the Department of Energy’s Loan Programs Office stepped in to provide more than $4.6 billion in loan guarantees to support construction of the first five utility-scale PV solar facilities in the U.S. larger than 100 MW. Mesquite I was one of those projects. Since those first five solar plants were financed, dozens of utility-scale PV projects have been financed without DOE loan guarantees and are either under construction or already producing clean energy. The dedication of Mesquite III takes the success of these projects even further by demonstrating how government can work together across agencies and with the private sector. From solar to wind, renewables across the board have seen costs drop and deployment increase. Last year, the United States brought online as much solar energy every three weeks as it did in all of 2008, and the solar industry added jobs 10 times faster than the rest of the economy. And since the beginning of 2010, the average cost of a solar electric system has dropped by 50 percent. By leading at the federal level, agencies, both military and civilian are not only reaping the benefits of transitioning to renewable power, but also leading by example.
Alliant Energy Corporation (LNT) announced that it has reached a settlement with customer groups for its proposed new 500 MW New Wind Projects.
Infraestructura Energetica Nova SAB de CV (IEnova), a Mexican subsidiary of Sempra Energy, San Diego, has completed its acquisition of Pemex Transformacion Industrial’s 50% equity interest in the Gasoductos de Chihuahua joint venture for $1.14 billion.
Sempra Energy's (SRE) Mexican unit, Infraestructura Energetica Nova, S.A.B. de C.V. ("IEnova") closed the takeover of Petroleos Mexicanos (PEMEX) Transformacion Industrial's 50% equity interest in Gasoductos de Chihuahua
Pattern Energy Group Inc.(PEGI) announced its plan to acquire a 50% stake in the Ontario, Canada-based Armow Wind power unit from Pattern Energy Group LP
Will Obama's Green Energy Plan Drive Alt-Energy Stocks?
Russia’s Gazprom said on Wednesday that it had received—via diplomatic channels—the first permit from Turkish authorities for the construction of the offshore leg of the Turkish Stream gas pipeline in a sign that Russia and Turkey are definitely re-launching the project. “I would like to commend our Turkish partners for being so prompt and cooperative at the first stage of the TurkStream project,” Alexey Miller, Chairman of the Gazprom Management Committee, said in the company statement. A few weeks after the attempted…
One of the biggest Mexican equity placements in years could soon take place as Infraestructura Energetica Nova (IEnova) is expected to earn at least US$1 billion in a secondary share offering to purportedly take place in October. According to Reuters, three anonymous sources explained that the deal, which has yet to go public, would involve Credit Suisse and JP Morgan to underwrite the offer. Spokespeople for IEnova, Credit Suisse and JP Morgan did not provide comments to Reuters. IEnova, a unit of U.S. firm Sempra Energy, is reportedly hoping…
Sempra Energy's (SRE) unit, Sempra U.S. Gas & Power, closed the sale of EnergySouth, Inc., the parent company of Mobile Gas Service Corp. and Willmut Gas & Oil Company, to Spire Inc. (SR).
Sempra Energy's (SRE) second-quarter 2016 adjusted earnings per share came in at 79 cents, missing the Zacks Consensus Estimate of $1.00 by 21%.