PSE&G Gains Approval to Jump-Start Electric Vehicle Charging in New Jersey

NEWARK, N.J., Jan. 27, 2021 /PRNewswire/ — The New Jersey Board of Public Utilities today approved a settlement that will enable PSE&G to develop electric vehicle charging infrastructure in New Jersey. With this approval, the state’s largest utility is expected to invest $166 million over an expected six years and create about 270 direct clean energy jobs while helping to build out the state’s EV charging infrastructure.

NEWARK, N.J., Jan. 27, 2021 /PRNewswire/ — The New Jersey Board of Public Utilities today approved a settlement that will enable PSE&G to develop electric vehicle charging infrastructure in New Jersey. With this approval, the state’s largest utility is expected to invest $166 million over an expected six years and create about 270 direct clean energy jobs while helping to build out the state’s EV charging infrastructure.

PSE&G’s investments are designed to increase the availability of vehicle charging and ease «range anxiety,» the fear that an electric vehicle will run out of power before reaching a place to plug in. Many drivers cite the lack of convenient charging options as the top reason they are reluctant to switch to electric vehicles. Cars, trucks and buses are the largest source of greenhouse gas emissions in the state, and the New Jersey Energy Master Plan prioritizes electrifying the transportation sector as a key strategy to improve the state’s air quality and reduce health care costs. PSE&G’s program is expected to avoid 14 million metric tons of carbon emissions through 2035.

«EV adoption is critical to meeting New Jersey’s clean energy goals,» said Karen Reif, vice president of PSE&G’s Renewables and Energy Solutions group. «The scarcity of public and private charging infrastructure discourages more people from driving electric vehicles. PSE&G’s program will address those concerns and is designed to encourage people to make the switch to clean-running EVs and to help New Jersey enjoy the environmental and health benefits that will result from electrifying the transportation sector.»

«Electrifying transportation is an important component of PSEG’s Powering Progress vision for a future in which we help our customers use less energy, ensure that the energy they use is cleaner, and that energy is delivered more reliably than ever,» Reif said.

Making it easier to charge and drive electric vehicles is another step toward achieving Gov. Phil Murphy’s clean energy vision for New Jersey. PSE&G’s EV investment program includes supporting the infrastructure for residential charging equipment, EV chargers at multifamily buildings, government facilities and at public parking lots, as well as fast charging infrastructure along high-traffic corridors such as the New Jersey Turnpike and Garden State Parkway. The program also includes provisions for discounted charging during off-peak hours.

PSE&G is committed to universal access to EV charging and to serving all markets. The utility will not own EV chargers, but instead will support the infrastructure needed to place chargers throughout its service territory.

PSE&G’s program recognizes the widespread benefits of electric vehicles, including cleaner air, by displacing internal combustion engines. According to the American Lung Association, the widespread transition to zero-emission transportation technologies, including EVs, could lead to emissions reductions that could help New Jersey avoid premature deaths, prevent asthma attacks and lost work days, and yield close to $2 billion in avoided health costs in 2050.

Today’s BPU action follows its approval in September of PSE&G’s $1 billion investment in energy efficiency, and its decision earlier this month to allow PSE&G to invest approximately $700 million to provide its 2.3 million electric customers with smart meters. Each of these programs will advance PSE&G’s landmark Clean Energy Future proposal, an initiative designed to lower energy costs, reduce air pollution, create jobs and help make New Jersey a leader in clean energy.

For more details, visit psegpoweringprogress.com/electric-vehicles/

The remaining vehicle innovation portion of our EV proposal to support medium- and heavy-duty vehicles such as school buses, as well as our energy storage proposal, are pending before the BPU. 

More information about PSEG’s commitment to environmental leadership can be found in its Sustainability Report and ESG Performance Report

PSE&G
Public Service Electric & Gas Co. (PSE&G) is New Jersey’s oldest and largest gas and electric delivery public utility, serving three-quarters of the state’s population. PSE&G is the winner of the ReliabilityOne Award for superior electric system reliability in the Mid-Atlantic region. In 2020, PSE&G was named the most trusted combined gas & electric utility in the East Region, by the Cogent Syndicated Brand Trust Index. PSE&G is a subsidiary of Public Service Enterprise Group Inc. (PSEG) (NYSE:PEG), a diversified energy company. PSEG has been named to the Dow Jones Sustainability Index for North America for 13 consecutive years (www.pseg.com).

Visit PSEG at:
www.pseg.com 
PSEG on Facebook 
PSEG on Twitter 
PSEG on LinkedIn 
PSEG Energize! 

 

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SOURCE Public Service Electric & Gas (PSE&G)

Tapinator Releases Lucky Lotto Mega Scratchers Mobile Game on iOS

NEW YORK, Jan. 27, 2021 /PRNewswire/ — Tapinator, Inc. (OTC: TAPM) («Tapinator,» the «Company,» «we,» «our» or «us»), a developer and publisher of category leading games for mobile platforms, today announces the recent pilot launch of Lucky Lotto Mega ScratchersLucky Lotto«) exclusively on the iOS App Store, the latest addition to the Company’s social casino portfolio.

NEW YORK, Jan. 27, 2021 /PRNewswire/ — Tapinator, Inc. (OTC: TAPM) («Tapinator,» the «Company,» «we,» «our» or «us»), a developer and publisher of category leading games for mobile platforms, today announces the recent pilot launch of Lucky Lotto Mega ScratchersLucky Lotto«) exclusively on the iOS App Store, the latest addition to the Company’s social casino portfolio.

Lucky Lotto was designed to be a highly authentic scratch-off lottery game that Tapinator has reimagined in the context of a mobile, interactive, environmentally conscious and free-to-play gaming experience.  The current game allows players to level up, unlock new tickets and collect mega wins. Players can enjoy a large variety of beautiful scratch games including: 2000X the Money, Wild Cash, Glistening Gems, Instant Millionaire, Vault of Gold, USA Lotsa Cash and many more.

The Lucky Lotto mobile game features: 

  • 32 unique scratch-offs with bonus minigames and huge multipliers
  • Authentic scratching effects – just like the real thing
  • Huge wins with up to 34 wins per ticket
  • Special numbers that reveal instant bonuses including 5X, 10X, 50X, WILD and more
  • Play for FREE with Bonus Coins every 2 Hours
  • Play anytime, anywhere from the convenience of your iPhone or iPad

Lucky Lotto Mega Scratchers can be downloaded exclusively on iOS by using the following link:

Lucky Lotto Download Link

Following its initial global launch on iOS in late December, Lucky Lotto has achieved the following preliminary metrics:

  • More than 10,000 player downloads
  • Excellent rating of 4.6 (out of 5.0) stars, based on over 600 player reviews
  • More than 1.2 million lottery tickets scratched
  • Reached Top 125 Casino Games in the US

Tapinator’s CEO, Ilya Nikolayev, commented on the recent release, «We achieved a successful initial global pilot launch with Lucky Lotto on iOS and, based on the warm player reception, we plan to invest significantly to further enrich the game with additional features and functionality. Our intention is to make Lucky Lotto a true social casino category leader across all major mobile platforms.  The social casino genre has shown to support top grossing games with extremely long lifespans and, that within this genre, the lottery category is still nascent. We look forward to making significant game enhancements that we expect will continue to improve player engagement and ultimately monetization, thereby allowing us to scale up our user acquisition budget later this year. We are also planning to release versions of the game for Google Play and Amazon Kindle later this year.  While I would caution that it is still extremely early in the game’s lifecycle, based on our market analysis, we believe Lucky Lotto has the potential to join Video Poker Classic as a second major pillar within our social casino portfolio and, ultimately, becoming a meaningful contributor to the Company’s overall financial results.  I look forward to providing future updates as we execute against the product’s broad roadmap.»

Tapinator’s President, Andrew Merkatz, commented on the addressable market for Lucky Lotto. «According to Lottery Now Inc, lottery is a $350B global market.  Despite being larger than music, movies, video games and professional sports combined, the lottery industry has yet to meaningfully embrace mobile distribution.  Inspecting more deeply, according to La Fleur Magazine, total FY19 U.S. instant ticket sales jumped 4% to $50.1 billion, up $2.1 billion over the previous year. Instant ticket sales represented 62% of the U.S. lotteries’ total traditional sales in FY19.  We believe that lottery in general, and particularly the market for instant tickets, e.g. scratch-offs, represents a massive opportunity that is ripe for digital disruption.  We believe Tapinator is well positioned to leverage its expertise in free-to-play social casino gaming to pioneer and capture share within the emerging and exciting market for mobile scratch-off games.»

Lucky Lotto is the first of three planned major releases for Tapinator’s Category-Leading Games business that we plan to announce in 2021. These releases include a new idle resource management game (the successor to Crypto Trillionaire), scheduled for global launch in Q2 of this year. More detail on these two other titles will be provided as we get closer to product launch.

About Tapinator
Tapinator Inc. (OTC: TAPM) develops and publishes category leading games for mobile platforms, with a focus on the social casino genre. Tapinator’s library includes more than 300 titles that, collectively, have achieved over 500 million mobile downloads, including notable properties such as Video Poker Classic and Solitaire Derby. Tapinator generates revenues through the sale of branded advertising and via consumer transactions, including in-app purchases and subscriptions. Founded in 2013, Tapinator is headquartered in New York, with product development and marketing teams located in North America, Europe and Asia. Consumers can find high-quality mobile entertainment wherever they see the ‘T’ character logo, or at http://tapinator.com.

Gambling Disclaimer
Lucky Lotto is intended for an adult audience for amusement purposes only and does not offer ‘real money’ gambling, or an opportunity to win real money or prizes based on free scratch off gameplay. Playing, or success, in this game does not imply future success at ‘real money’ gambling.

Forward Looking Statements
To the extent that statements contained in this press release are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as «believe,» «goal,» «seek,» «plan,» «feel,» «may,» «will,» «expect,» «anticipate,» «estimate,» «intend,» «target,» and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. These forward-looking statements include, among other things, our seeking to capture a share of the $50 billion U.S. instant lottery market, our plan to invest significantly to further enrich Lucky Lotto with additional features and functionality, our intention to make Lucky Lotto a true social casino category leader across all major mobile platforms, our expectation that significant Lucky Lotto game enhancements will continue to improve player engagement and ultimately monetization and allow us to scale up our user acquisition budget later this year, our plan to release versions of Lucky Lotto for Google Play and Amazon Kindle later this year, our belief that Lucky Lotto has the potential to join Video Poker Classic as a second major pillar within our social casino portfolio and ultimately becoming a meaningful contributor to the Company’s overall financial results, our belief that lottery and particularly the instant ticket market represents a massive opportunity that is ripe for digital disruption, our belief that Tapinator is well positioned to leverage its expertise in free-to-play social casino gaming to pioneer and capture share within the emerging and exciting market for mobile scratch-off games and our plan for two additional major releases for Tapinator’s Category-Leading Games business that we plan to announce in 2021, including a new idle resource management game (the successor to Crypto Trillionaire) which is scheduled for global launch in Q2 of this year. Forward-looking statements are subject to risks and uncertainties that could cause our future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Except as required by law, Tapinator undertakes no obligation to update or revise any forward-looking statements. The quoting and trading of the Company’s common stock on the OTC Marketplace is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the Company’s operations or business prospects. As a result, there may be volatility in the market price of the shares of the Company’s common stock for reasons unrelated to operating performance. Moreover, the OTC Marketplace is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on a national securities exchange. Accordingly, stockholders may have difficulty reselling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company, please see the Company’s Supplemental Information Report filed with the OTC Markets as provided here: https://backend.otcmarkets.com/otcapi/company/financial-report/241817/content.

SOURCE Tapinator, Inc.

Alexandre Family Farm Becomes The First Certified Regenerative Organic Dairy Farm In The United States

CRESCENT CITY, Calif., Jan. 27, 2021 /PRNewswire/ — Alexandre Family Farm has become the Regenerative Organic Alliance’s first and only Regenerative Organic Certified™ dairy farm in the United States. The Alexandre Family Farm is also the first dairy to obtain Ecological…

CRESCENT CITY, Calif., Jan. 27, 2021 /PRNewswire/ — Alexandre Family Farm has become the Regenerative Organic Alliance’s first and only Regenerative Organic Certified™ dairy farm in the United States. The Alexandre Family Farm is also the first dairy to obtain Ecological Outcome Verification certification by the Savory Institute. These certifications acknowledge that the farm’s practices go far beyond sustainability to continuously improve soil biology as well as the entire ecosystem – water, land, air and animals. 

The Alexandre Family Farm A2/A2 dairy exemplifies how regenerative farming can help save the Earth and family farms.

«When we began farming this way 30 years ago, we weren’t intentionally trying to have an impact on climate change,» says founder Blake Alexandre. «We were focused on the health of the soil and manage our pasture by having our animals graze our land. When you increase organic matter in soil, you also capture carbon.  We soon came to realize that healthy soil not only has positive effects on our pasture, our cows and their milk, but it has a profound effect on our planet as well. Over the years, we’ve become increasingly proud of producing food that’s not only good for your body but good for the earth.» 

The Savory Institute’s Land to Market Program tracks outcomes in soil health, biodiversity, and ecosystem function through the Ecological Outcome Verification (EOV) protocol, which collects scientific data over time to prove regenerative outcomes.

«We strongly believe that regeneration must be measured. By using empirical data, the Alexandres show foresight and initiative in managing land with an ecological approach,» says David Rizzo, COO, Land to Market. «This is a major step forward for dairy, and we are excited to see these verified products in the marketplace that meet the consumers desire to know their purchase is supporting the shift to regenerative agriculture.»

The Regenerative Organic Certified (ROC™) program is based on strict standards for soil health and land management in addition to animal welfare and farmworker fairness.  Alexandre Family Farm was one of only 21 farms selected globally to be a part of the ROC Pilot Program, and joins leading brands Patagonia, Dr. Bronner’s and Nature’s Path in attaining certification. 

«Dairies face unique challenges to earning a certification as rigorous as ROC. The Alexandres’ achievement of this high-bar seal is a true testament to their commitment to ecological, humane and ethical practices across the board,» says Elizabeth Whitlow, Executive Director of the ROA. «We are so proud to welcome them into the ROC family!»

Regenerative Organic A2/A2 Milk Becomes Available Nationwide On February 1st, 2021

Milk is an efficient superfood and a great source of energy, vitamins, electrolytes and protein. Milk protein is made up of whey and casein. Traditionally, the beta casein in cow’s milk was the same as the primary protein in human milk called A2/A2. This protein is easily digestible and is similar to breast milk, sheep and goat milk. However, over time, a genetic mutation resulted in the introduction of the A1 protein –which is difficult for humans to digest and linked to stomach upset and inflammation.

In fact, many people who believe they are lactose intolerant are actually A1 intolerant. After Blake and Stephanie Alexandre learned about this genetic mutation, they started to carefully crossbreed their cows to remove the A1 protein from their gene pool. After two decades, they now have the only regenerative dairy herd of 100% A2/A2 cows in the U.S. 

Starting February 1st, Alexandre Family Farm milk will become the first 100% A2/A2 regenerative organic milk to be distributed nationwide. Alexandre cartons (59 oz) will be available at Whole Foods and other retailers throughout the country. 

About Alexandre Family Farm
As fourth generation dairy farmers with over 40 years of experience, Blake and Stephanie Alexandre founded Alexandre Family Farm in Crescent City, California in 1988, and began bottling under their brand in 2017.  Along with their five grown children and spouses, they operate the only certified regenerative organic and 100% A2 dairy and mobile coop egg ranch in the United States. Their products include 59 oz. eco-carton milks, distributed nationwide, and eggs, bottled milks and yogurts available west of the Rockies. 

Contact:  Sharon Egan

sharon@alexandrefamilyfarm.com 

208.309.3069

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SOURCE Alexandre Family Farm

Hunt Perovskite Technologies Announces Publication Of Peer-Review Journal Article In ACS Energy Letters

DALLAS, Jan. 27, 2021 /PRNewswire/ — Hunt Perovskite Technologies (HPT) today announced the publication of its scientific article, «Improving Photostability of Caesium-Doped Formamidinium Lead Triiodide Perovskite,» in the American Chemical Society (ACS) Energy Letters, a leading publisher of scientific journals. The article can be found online at <a target="_blank"…

DALLAS, Jan. 27, 2021 /PRNewswire/ — Hunt Perovskite Technologies (HPT) today announced the publication of its scientific article, «Improving Photostability of Caesium-Doped Formamidinium Lead Triiodide Perovskite,» in the American Chemical Society (ACS) Energy Letters, a leading publisher of scientific journals. The article can be found online at https://pubs.acs.org/doi/10.1021/acsenergylett.0c02339.

This article was jointly written by HPT in collaboration with Colorado School of Mines and with the United States Department of Energy’s National Renewable Energy Laboratory, both located in Golden, CO.

«This paper clearly demonstrates our early strategic decision to address the most critical issue to perovskite PV commercialization: fundamental durability,» said Dr. Michael D. Irwin, chief technology officer for HPT. «We are excited to share this peer-reviewed publication with the scientific community and are especially proud to have done it in cooperation with our co-authors.» 

In the article, HPT and its co-authors identify and analyze the importance of perovskite thin film stoichiometry to its durability and the possible mechanisms that lead to rapid degradation of certain perovskite materials designed for use in the manufacture of photovoltaic (PV) solar cells.  Their results provide key insights into ways to improve the fundamental durability and stability of perovskite PV modules.

«It was teamwork that made this discovery possible. The expertise and know-how from the Hunt team led by Chief Technology Officer Michael Irwin and the broad knowledge provided by NREL’s Joseph Berry, director of the US Manufacturing Advanced Perovskites Consortium, gave us direction to follow our early suspicions as we screened materials for photostability,» said K. Xerxes Steirer, research assistant professor of physics at Colorado School of Mines.

HPT has been engaged in metal halide perovskite solar cell development since 2013. HPT currently owns the largest perovskite PV patent portfolio in the United States and one of the largest in the world, with 22 patents granted by the United States Patent and Trademark Office and over 45 additional patents by international patent offices.

HPT is the only known ink-based perovskite solar technology developer that has succeeded in demonstrating high durability under accelerated lifetime testing for non-hermetically sealed devices and unprotected perovskite materials, while maintaining respectable light-to-power conversion efficiencies.

About Hunt Perovskite Technologies
Hunt Perovskite Technologies specializes in the development of highly-stable and efficient metal halide perovskite materials for use in single-junction PV solar panels for the utility-scale market.  It is part of a larger privately-owned group of companies managed by the Ray L. Hunt family that engages in oil and gas exploration, refining, power, real estate, ranching and private equity investments. For more information, please visit www.huntperovskite.com.

Contact: Paul Schulze
(214) 978-8534

 

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SOURCE Hunt Perovskite Technologies

Con Edison Outlines Pathway To Climate Resiliency And Adaptation

NEW YORK, Jan. 27, 2021 /PRNewswire/ — Con Edison is enhancing how it plans and designs its energy delivery systems to make New York City and Westchester County more resilient against the intensifying effects of climate change.

In a <a target="_blank"…

NEW YORK, Jan. 27, 2021 /PRNewswire/ — Con Edison is enhancing how it plans and designs its energy delivery systems to make New York City and Westchester County more resilient against the intensifying effects of climate change.

In a report issued today, Con Edison details how it will incorporate climate change into its planning, design, operations, and emergency response. The company has taken a more proactive and forward-looking approach to climate resiliency in recent years, building on its energy industry leadership on the issue.

«The New York City region will continue to thrive in a climate-impacted 21st century, but keeping ahead of climate change requires new ways of thinking and acting,» said Nelson Yip, director of Strategic Planning, Con Edison. «The changes we are making today will help Con Edison maintain safe, reliable and resilient operations for our customers in the decades ahead.»

Con Edison’s energy infrastructure is vulnerable to climate change, and the company recognizes the global scientific consensus that these changes are accelerating.

The company’s announced pathways prepare for the upper end of potential climate change, beyond the goals set out in the Paris Agreement.

Con Edison is already using its climate change projections for decision making in areas such as power supply forecasting, and will integrate climate considerations into other processes beginning in 2021. In addition, the company will form a new executive-level committee focused on climate risk and resilience.

Con Edison analyzed climate vulnerabilities across its energy delivery systems, culminating in a landmark study released in 2019. The Climate Change Implementation Plan, filed recently with the New York State Department of Public Service, represents the next step in the journey toward climate resilience.

The plan reflects not only the experience of experts across Con Edison, but also the feedback, input and experience of more than 50 stakeholders, including New York State Department of Public Service staff, municipal representatives and environmental advocacy organizations.

«The work by Con Edison to anticipate and prepare for extreme events caused or worsened by climate change advances the global state of the art,» said Michael Gerrard, director of the Sabin Center for Climate Change Law at Columbia Law School. «It represents the innovative application of advanced climate science to the highly technical details of utility system management. It will benefit not only Con Edison’s customers but also utility companies around the world that are looking for models on how to cope with climate change.»

Climate change affects nearly every aspect of Con Edison’s operations. It is accelerating the need to fortify key infrastructure, putting additional heat stress on field workers, and shifting energy consumption patterns.

The number of days when the average 24-hour temperature in Central Park is higher than 86 degrees could reach 21 per year by 2050 and 45 by 2080, compared to three such days historically.

Hotter temperatures will mean sharper spikes in summer energy consumption. That summer peak could be up to 900 megawatts higher by 2050, according to the company’s projections.

At the same time, extreme storms are becoming more frequent. Con Edison’s updated flood-design standard requires that new facilities built for 80 years of operation be able to accommodate an additional three feet of sea level rise – reflecting what is likely to be a much-altered planet by the end of the century.

While staying ahead of climate change will require additional investments, proactive efforts will bring immediate benefits by improving the «blue-sky» performance of New York’s energy grid and paving the way for more renewable energy.

As part of its Clean Energy Commitment, Con Edison, Inc. has pledged to offer its customers the chance to buy 100 percent clean electricity by 2040, accelerate the move toward electric vehicles, and invest even more aggressively in energy efficiency. The company, through its Clean Energy Businesses, is North America’s second largest generator of solar energy. Con Edison recently announced a landmark battery storage development in New York City.

While the Climate Change Implementation Plan provides a strong foundation for action, Con Edison will evolve its adaptation efforts over time based on new science and its customers’ needs. It will review its climate projections annually and update them at least every five years. The company will provide regular public reporting on its progress through its annual Sustainability Report and other disclosures.

Con Edison supports New York’s ambitious climate and clean energy goals and will do its part to help the state build back better from the COVID-19 pandemic.

Comments of participants/stakeholders:

Jainey Bavishi, Director of the Mayor’s Office of Resiliency:
«As the climate crisis worsens, we must continually adapt our systems to ensure that New York City remains a global center of innovation and opportunity. Con Edison’s efforts to harden its infrastructure and prepare for more severe extreme weather will strengthen resiliency citywide while increasing the reliability of the electric grid. We look forward to continuing to partner closely with them and our other local utilities to address climate vulnerabilities and fortify the critical infrastructure that all New Yorkers depend on.»  

Elizabeth B. Stein, Lead Counsel, Energy Transition Strategy at Environmental Defense Fund:
«Con Edison’s work to build climate risk into its long-term planning puts it at the forefront of utilities preparing to meet the demands of electrification. This is good news for New Yorkers who are poised to rely more and more on the electric grid as a source of clean energy – including the growing population of electric vehicle drivers.» 

Julie Tighe, President of the New York League of Conservation Voters:
«Con Edison is leading on climate action by integrating climate change projections into everyday planning, design, and decision making. The step will make Con Edison more resilient to the effects of climate change and advance the green energy economy. We commend them on their bold environmental vision.»

Anne Choate, Senior Vice President for Energy, Environment and Infrastructure at ICF:
«By establishing a clear pathway of anticipated change and integrating forward-looking climate information into core aspects of its business, Con Edison has the right foundation to manage their risks from a changing climate. Armed with this adaptive and proactive plan, Con Edison can make better investment decisions, protect its assets and workers, and support the resilience of its customers. We are proud to partner with them to set a new standard for climate resilience not only in New York, but across the country.»

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies, with approximately $13 billion in annual revenues and $60 billion in assets. The utility delivers electricity, natural gas and steam to 3.5 million customers in New York City and Westchester County, N.Y.

 

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SOURCE Consolidated Edison, Inc.

True Rate of Unemployment: One-fourth of American Workers Remain ‘Functionally Unemployed’ as Racial and Gender Gaps Widen

WASHINGTON, Jan. 27, 2021 /PRNewswire/ — More than one-fourth of American workers remain without a job that lifts them above the poverty level, presenting a major challenge for the new Congress and the Biden Administration, according to the latest analysis of the country’s unemployment rate released today by the Ludwig Institute for Shared Economic Prosperity (LISEP). At the same time, racial and gender gaps have widened, exacerbating economic inequity.

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WASHINGTON, Jan. 27, 2021 /PRNewswire/ — More than one-fourth of American workers remain without a job that lifts them above the poverty level, presenting a major challenge for the new Congress and the Biden Administration, according to the latest analysis of the country’s unemployment rate released today by the Ludwig Institute for Shared Economic Prosperity (LISEP). At the same time, racial and gender gaps have widened, exacerbating economic inequity.

«For any economic recovery to be sustainable, the rising tide must lift all boats,» said Gene Ludwig, LISEP chairman. «While we have seen some improvement in the government-reported unemployment rate since the pandemic began, many of these jobs are not sufficient to support a family. No economic recovery can succeed without the opportunity for all Americans to participate equally.»

In its monthly analysis of employment data, LISEP’s True Rate of Unemployment (TRU) – a measure of the «functionally unemployed,» defined as workers seeking but unable to secure full-time jobs that take them over the poverty level – came in at 25.1 percent for the month of December. This is a marginal improvement over the November TRU of 25.7 percent. The Bureau of Labor Statistics (BLS) unemployment rate for December was unchanged at 6.7 percent.

While the overall TRU showed a slight overall improvement in living wage job growth, the improvements were not equal across all demographics. The slight decrease was fueled primarily by a 1.3 point improvement in the TRU for White Americans (now 22.7 percent), versus a 0.2 point improvement for Black workers, to 30.2 percent. The TRU rate for Hispanic Americans worsened, up 1.5 points to 31.6 percent.

Meanwhile, the TRU among workers with the highest education level (professional or advanced degrees) has fully recovered to pre-pandemic levels at 11.5 percent, a full percentage point lower than in February 2020. Living-wage job prospects worsened, though, for those with only a high school education, increasing from 21.8 percent to 24.1 percent, and for those with less than a high school diploma, with a TRU of 49.3 percent, up 0.8 points since November.

The gender gap among the functionally unemployed continues to widen as well, based on the TRU data. While the TRU for women improved by 0.3 points, the rate for men improved by 0.9, widening an immense gap between men and women – 20.6 versus 30.4 percent, respectively.

Ludwig was cautious regarding the overall TRU improvement, noting that the widening gender and race gaps are reasons for concern. He also noted that recent proactive measures by policymakers represent steps in the right direction.

«We must address inequality on all levels – gender, racial, economic – if we are to succeed as a nation, and that begins with the opportunity to secure a stable, living-wage job,» Ludwig said. «These numbers underscore the scale of the economic crisis facing the country, and strengthen the case for bold, decisive action by policymakers.»

LISEP issued the white paper «Measuring Better: Development of ‘True Rate of Unemployment’ Data as the Basis for Social and Economic Policy» upon announcing the new statistical measure in October. The paper and methodology can be viewed here. LISEP issues TRU one to two weeks following the release of the BLS unemployment report, which occurs on the first Friday of each month. The TRU rate and supporting data are available on the LISEP website at www.lisep.org

LISEP was created in 2019 by Ludwig and his wife, Dr. Carol Ludwig. The mission of LISEP is to improve the economic well-being of middle- and lower-income Americans through research and education, and seeks to advance the dialogue around policy solutions to improve the well-being of all Americans.

In addition to his role as LISEP chair, Gene Ludwig is founder of the Promontory family of companies and Canapi LLC, the nation’s largest financial technology venture fund. He is the CEO of Promontory Financial Group and chairman and CEO of Promontory MortgagePath, a technology-based mortgage fulfillment and solutions company. Ludwig is the former vice chairman and senior control officer of Bankers Trust New York Corp., and served as the U.S. Comptroller of the Currency from 1993 to 1998. He is also author of the book The Vanishing American Dream, which investigates the economic challenges facing low- and middle-income Americans. It was released in September by Disruption Books.

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SOURCE Ludwig Institute for Shared Economic Prosperity

Texas enters 2021 as world’s 9th largest economy by GDP

AUSTIN, Texas, Jan. 27, 2021 /PRNewswire/ — Texas enters 2021 as the world’s ninth largest economy, proof of the success of a long-term strategy to make Texas the best place to start or relocate a business, said Robert Allen, President and CEO of the Texas Economic Development Corporation.

«This is more than just a statistic,» Allen said. «The fact that our state, if it were a nation, would be the world’s ninth largest economy…

AUSTIN, Texas, Jan. 27, 2021 /PRNewswire/ — Texas enters 2021 as the world’s ninth largest economy, proof of the success of a long-term strategy to make Texas the best place to start or relocate a business, said Robert Allen, President and CEO of the Texas Economic Development Corporation.

«This is more than just a statistic,» Allen said. «The fact that our state, if it were a nation, would be the world’s ninth largest economy shows that Texas is well positioned to outperform economically, regardless of the challenges that may lie ahead.»

TxEDC is an independently funded non-profit organization in partnership with the Governor’s Office of Economic Development and Tourism charged with marketing Texas as a premier business location, the cornerstone of Texas Gov. Greg Abbott’s economic development agenda.

«While 2020 brought unique challenges, Texas continued to shine as a beacon of hope and opportunity,» Abbott said. «Texas’ ranking as the world’s ninth largest economy is because of the hardworking men and women of the Lone Star State, our commitment to economic freedom, our state-of-the-art infrastructure and business climate. As we cultivate an environment of growth and opportunity, Texas will continue to build an even brighter future for all Texans.»

Since 2015, Texas has been recognized as the world’s 10th largest economy — ahead of Canada and South Korea and behind Brazil. Texas’s economy overtook Brazil’s to become the ninth largest economy in the world, according to 2019 GDP data from the International Monetary Fund.  

Gross Domestic Product is a measurement of the size and strength of an economy. As of 2019, the United States has a GDP of $21.4 trillion, making it the world’s largest economy, followed by China, Japan and Germany, according to the IMF. Texas has a GDP of $1.9 trillion. Italy, with a GDP of $2 trillion, is in eighth place, and Brazil, with a GDP of $1.8 trillion, is 10th, according to the IMF ranking of global economies.

Texas is ranked first in the nation for its growth prospects, «thanks to strong employment and income growth forecasts for the next five years,» says a recent Forbes report.

In 2020, Amazon, CBRE, Tesla, HP and Oracle moved to or expanded their operations in Texas, which has further bolstered the strength and size of Texas’s economy. This trend is expected to continue in 2021, Allen said.

«Why come to Texas from other states? Our highly competitive tax climate, world-class infrastructure, a skilled workforce of 14 million people, business-friendly economic policies and abundant quality of life,» Allen said. «Texas obviously has a lot to offer. Our standing as the world’s ninth largest economy and our long-term expansion shows that Texas also offers rock-solid stability to companies that want to locate here.»

The Texas Economic Development Corporation (TxEDC) is an independently funded and operated 501(c)(3) nonprofit organization dedicated to economic development, business recruitment and job creation in the state of Texas. The public-private partnership of TxEDC and the Governor’s Office of Economic Development and Tourism markets Texas as a premier business destination to let corporate decision- makers and site selection consultants know that they can Go Big in Texas. For more information about TxEDC, visit www.GoBigInTexas.com.

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SOURCE Texas Economic Development Corporation

West Virginia Toyota Dealership Keeps Truck Shoppers Informed with 2021 Model Research

FAIRMONT, W.V., Jan. 27, 2021 /PRNewswire-PRWeb/ — Pickup truck shoppers now have options when they begin their search for a new vehicle that can offer them the power and capability they are looking for on and off the road. The new 2021 Toyota Tundra and 2021 Toyota Tacoma are now available to drivers who require a tough new truck that can deliver incredible towing and hauling capacities as well as outstanding off-road capabilities. To help drivers learn more about these new Toyota trucks, <span…

FAIRMONT, W.V., Jan. 27, 2021 /PRNewswire-PRWeb/ — Pickup truck shoppers now have options when they begin their search for a new vehicle that can offer them the power and capability they are looking for on and off the road. The new 2021 Toyota Tundra and 2021 Toyota Tacoma are now available to drivers who require a tough new truck that can deliver incredible towing and hauling capacities as well as outstanding off-road capabilities. To help drivers learn more about these new Toyota trucks, Dan Cava Toyota World has added model research pages of both vehicles to its informative website so shoppers can get the details they need to make an informed buying decision.

The 2021 Toyota Tacoma model research page offers a closer look at what this new truck has to offer in many different categories, including performance, technology, safety, power and capability. Some of the highlights found on the 2021 Toyota Tacoma research page that will help drivers buy the right new truck include its two available engine options, maximum towing capacity and its long list of available high-tech features.

For drivers that require serious power to take care of the tough jobs, the 2021 Toyota Tundra is a perfect choice. The 2021 Toyota Tundra research page offers insight into this model’s power and capability as well as its available technology and safety features. Other valuable information that can be found includes the maximum towing and hauling capacities of the 2021 Toyota Tundra pickup truck.

To learn more about the new 2021 Toyota Tacoma or 2021 Toyota Tundra, interested truck shoppers can visit the West Virginia Toyota dealership’s website by going to http://www.cavatoyota.com. Drivers may also contact the dealership to learn more about these new trucks and any current sale prices by calling 304-366-2720. Dan Cava Toyota World is located at 2510 White Hall Blvd.

Media Contact

J.R. Tiano, Dan Cava Toyota World, 304-366-2720, j.r.tiano@cavatoyota.com

 

SOURCE Dan Cava Toyota World

Virginia Volkswagen Dealer Adds 2021 Sedan Model Research Pages to Website

WOODBRIDGE, Va., Jan. 27, 2021 /PRNewswire-PRWeb/ — The auto industry is filled with choices when shopping for a new sedan. From compact to midsize sedans, they are both popular picks with new car shoppers thanks to their impressive fuel efficiency, exciting performance and outstanding safety protection. At the top of the list of best new sedans are the 2021 Volkswagen Jetta and 2021 Volkswagen Arteon. Both new cars offer the value a driver is looking for in a vehicle. To help shoppers learn more…

WOODBRIDGE, Va., Jan. 27, 2021 /PRNewswire-PRWeb/ — The auto industry is filled with choices when shopping for a new sedan. From compact to midsize sedans, they are both popular picks with new car shoppers thanks to their impressive fuel efficiency, exciting performance and outstanding safety protection. At the top of the list of best new sedans are the 2021 Volkswagen Jetta and 2021 Volkswagen Arteon. Both new cars offer the value a driver is looking for in a vehicle. To help shoppers learn more about which one will fit their specific needs the best, Karen Radley Volkswagen has added valuable model research pages of both vehicles to its website.

The 2021 Volkswagen Jetta is a compact sedan that delivers an incredible list of qualities at a budget-friendly price. From sporty performance and stylish looks to innovative technology features and luxurious comfort options, the 2021 Volkswagen Jetta has everything a driver needs and so much more. Some of the highlights of the 2021 Volkswagen Jetta include a powerful engine that pushes out 147 horsepower, a long list of available driver assistance features and many high-tech features that keep passengers connected and entertained while on the road.

The 2021 Volkswagen Arteon is a four-door luxury sedan that is filled with technology and comfort features. The informative 2021 Volkswagen Arteon model research page offers a closer look at this sedan’s performance features, safety systems and luxurious amenities.

New car shoppers who would like to learn more about the 2021 Volkswagen Jetta or 2021 Volkswagen Arteon are encouraged to visit the dealership’s website by going to http://www.karenradleyvw.com. Drivers may also contact the sales department to learn more about current sales and prices by calling 703-665-3275. Karen Radley Volkswagen is located at 14700 Jefferson Davis Highway.

Media Contact

Jose Cabrera, Karen Radley Volkswagen, 703-665-3275, josecarera@radleyautogroup.com

 

SOURCE Karen Radley Volkswagen

Super-Majority of Virginia Residents Want the Freedom to Choose Clean Energy

RICHMOND, Va., Jan. 27, 2021 /PRNewswire/ — A new poll shows that a super-majority of Virginia residents want the freedom to choose their energy supplier, choose clean energy, and want more renewable energy to be generated in the Commonwealth of Virginia. SurveyUSA interviewed more than 500 Virginia adults who rent or own their home, pay their utility bills, and have at least some input on their utility company’s household choice….

RICHMOND, Va., Jan. 27, 2021 /PRNewswire/ — A new poll shows that a super-majority of Virginia residents want the freedom to choose their energy supplier, choose clean energy, and want more renewable energy to be generated in the Commonwealth of Virginia. SurveyUSA interviewed more than 500 Virginia adults who rent or own their home, pay their utility bills, and have at least some input on their utility company’s household choice. Support for consumers being able to choose their renewable energy provider cuts across the typical partisan divide. The vast majority of Republicans and Democrats agree that they want the freedom to choose their energy provider. The poll bolsters the case for HB2048, a bill sponsored by Delegate Jeff Bourne (D-Richmond, 71st District), that would restore Virginians’ ability to select their own 100% renewable energy provider.

Highlights from the new survey:

  • 83% of Virginia residents want the freedom to choose clean energy for their homes.
  • 77% of Virginians want to be able to choose their electric supplier. 
  • 66% of Virginia residents would like to see more clean, renewable energy in Virginia’s generation mix.
  • 66% of respondents expressed an interest in community solar as a new way to support solar development without putting solar panels on their rooftop (assuming savings of 5-10% on electricity costs).

Restoring Virginians’ ability to shop for 100% renewable energy would promote and expand the Commonwealth’s growing clean energy economy and help it to meet its ambitious carbon reduction goals.

The poll was commissioned by CleanChoice Energy, a member of a broad coalition supporting HB 2048. For more information about HB 2048 and to contact legislators visit: www.EnergyChoiceforVirginia.com.

About CleanChoice Energy
CleanChoice Energy empowers people and businesses to cut emissions, support renewable energy, and live cleaner lives. Founded in 2012, the company has become one of the fastest-growing businesses in America, as ranked on the Inc. 500 and Deloitte’s Technology Fast 500™. CleanChoice Energy is a Certified B Corporation, a member of the American Sustainable Business Council and the U.S. Green Building Council, and is certified with the highest available rating by Green America’s Green Business Network. For more information or to become a customer, visit CleanChoiceEnergy.com.

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SOURCE CleanChoice Energy