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Business Wire
BOEM issues favorable Record of Decision for Vineyard Wind 1, the first commercial-scale offshore wind project in the U.S.
800 MW project to create thousands of jobs and cut carbon emissions by 1.6 million tons annually.
Vineyard Wind to break ground in 2021 and begin delivering clean electricity to Massachusetts in 2023.
ORANGE, Conn. (BUSINESS WIRE) AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, confirmed today that the U.S. Bureau of Ocean Energy Management (BOEM) has issued its Record of Decision (ROD) for Vineyard Wind 1, an 800-megawatt project of AVANGRID joint venture Vineyard Wind. This final major federal approval will enable the beginning of construction activities on the first commercial-scale offshore wind project in the U.S. this year. The project represents the beginning of an energy transition in New England where clean power will be created by harnessing the region’s strong coastal winds.
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AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, yesterday filed its revised stipulation agreement as part of the company’s planned merger with PNM Resources, Inc. (NYSE: PNMR), adding three new parties as signatories, including Walmart, Inc., the Interwest Energy Alliance and Onward Energy Holdings, Inc. They join eight parties that have already signed on to the agreement, including the Attorney General of the State of New Mexico, Western Resource Advocates, the International Brotherhood of Electrical Workers Local 611, Dine Citizens Against Ruining Our Environment, Nava Education Project, San Juan Citizens Alliance, To Nizhoni Ani and the Coalition for Clean Affordable Energy. The company submitted the revised filing following talks with all parties at the direction of the New Mexico Public Regulation Commission (NMPRC) hearing examiner.
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Business Wire
Appointment reflects company commitment to driving business outcomes and delivering value through its environmental, social, governance and financial strategy
ORANGE, Conn. (BUSINESS WIRE) AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, announced today that Zsoka McDonald has been appointed as the company’s first-ever Chief Sustainability Officer and Senior Vice President of Corporate Communications. In this role, McDonald will add oversight of the company’s sustainability strategy for AVANGRID to her existing responsibilities, with a focus on accelerating the company’s commitment to delivering sustainable value through its environmental, social, governance commitments and financial strength. She will also continue to lead internal and external communications for the company and will oversee the AVANGRID Foundation, the company’s primary philanthropic arm.
Timken Increases Quarterly Dividend to 30 Cents Per Share
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NORTH CANTON, Ohio, May 7, 2021 /PRNewswire/ The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today approved a three percent increase to the company s quarterly cash dividend, raising it to 30 cents per share. The dividend is payable on June 3, 2021, to shareholders of record as of May 21, 2021. The increase in our dividend reflects our long-term outlook and ability to continue to grow the earnings power of the company, said Richard G. Kyle, Timken president and chief executive officer. This upcoming dividend will mark 99 straight years of consecutive quarterly dividends. We are proud of this track record, and growing our dividend will remain a top priority of our capital deployment strategy.
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Oshkosh Corporation showcases commitment to sustainability with fiscal year 2020 Sustainability Report
May 7, 2021 GMT
OSHKOSH, Wis. (BUSINESS WIRE) May 7, 2021
Oshkosh Corporation (NYSE: OSK), a leading innovator of mission-critical vehicles and essential equipment, today released its eighth annual Sustainability Report. The report reinforces the Company’s continued focus on the future and commitment to lead business in a socially responsible way.
Oshkosh Corporation’s sustainability strategy is guided by the four core areas of empowering our people, developing innovative products, building communities and operating sustainably. Throughout 2020, the Company made positive strides in all areas. This includes the launch of DaVinci, JLG’s all-electric scissor lift, which is powered by a single lithium-ion battery and decreases power-consumption by 70%, as well as being part of the C