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Spark Power Group Inc.: Spark Power to Restate Quarterly Financial Statements

OAKVILLE, ON / ACCESSWIRE / March 5, 2021 / Spark Power Group Inc. ("Spark Power" or the "Company") (TSX: SPG) announces it will refile its interim financial statements for the three and nine month periods ....

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Spark Energy, Inc. Reports Fourth Quarter and Full Year 2020 Financial Results

Spark Energy, Inc. Reports Fourth Quarter and Full Year 2020 Financial Results
Key Business Highlights
Recorded $24.7 million in Adjusted EBITDA, $49.0 million in Retail Gross Margin, and $8.8 million in Net Income for the fourth quarter 2020
Recorded $106.6 million in Adjusted EBITDA, $196.5 million in Retail Gross Margin, and $68.2 million in Net Income for the year ended 2020
Total liquidity of $168.2 million
2020 was the strongest year yet for Spark and we have continued to improve the quality of our customer book. We have pivoted away from high usage, lower margin C&I contracts which has led to stronger average unit margins, partially offsetting the decrease in volumes compared to 2019. Our overall customer book is much healthier. Despite the winter storm that happened in Texas in the middle of February, we believe Spark Energy will be successful in 2021, said Keith Maxwell, Spark s Chief Executive Officer and Chairman of the Board. ....

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Tsunami threat to Northland from Kermadec earthquake

Tsunami threat to Northland from Kermadec earthquake
4 Mar, 2021 10:30 PM
8 minutes to read
TSUNAMI WARNING LATEST
(1.25pm) GNS Science has downgraded tsunami warnings for New Zealand, advising the largest waves have now passed. A National Emergency Management Agency release says the threat level s now downgraded to a beach and marine threat for all areas that were previously under land and marine threat. It says all people who were evacuated can now return. The advice remains for all areas under beach and marine threat, to stay off beach and shore areas.
Doubtless Bay residents in the Far North reporting seeing a surge of water come into the harbour. The surge came!, one resident posted on social media. Over the past hour a strong surge has been flowing into Mangonui Harbour. No tsunami wave as such but more like a strong flowing river stirring up the mud and sand in the harbour. ....

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Project Auckland: After the pandemic we need a smarter city

Project Auckland: After the pandemic we need a smarter city
4 Mar, 2021 03:59 PM
6 minutes to read
Spark chief executive Jolie Hodson says Auckland faces a unique set of challenges.
We re recovering from the impact of Covid. It has meant significant disruption for businesses, industries and individuals.
While that is not over yet, we are more on the side of recovery than some other nations.
Then are other tests in front of us: Climate change, poverty and the way our productivity continues to lag other OECD countries. Technology has to play a critical, enabling role as we find solutions to these questions. ....

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Tsunami warning after 7.1m earthquake strikes Te Araroa in North Island

After 13 hours - and three major earthquakes - some peace of mind finally arrives. ....

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