Allegiant Reports December 2020 Traffic

LAS VEGAS, Jan. 12, 2021 /PRNewswire/ — Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2020.

LAS VEGAS, Jan. 12, 2021 /PRNewswire/ — Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2020.

«As expected, the fourth quarter highlighted the divergence in strength between peak travel periods and non-peak periods,» stated Drew Wells, vice president of revenue. «Demand remained soft throughout much of December before accelerating during the peak holiday travel period at the end of the month. Load factors during the peak period came in at nearly 60 percent, which aided in completing the quarter with a load factor of 58.2 percent, the best since the onset of the pandemic. Over the last several weeks, we have been encouraged by favorable forward booking trends as flight volumes begin to pick up mid-February and into peak Spring Break travel. We remain cognizant that the situation is fluid and will continue to manage capacity to meet the changing demand environment.»

Scheduled Service

December 2020

December 2019

Change

Passengers

673,041

1,308,341

(48.6%)

Revenue passenger miles (000)

611,429

1,165,902

(47.6%)

Available seat miles (000)

1,128,200

1,411,107

(20.0%)

Load factor

54.2%

82.6%

(28.4pts)

Departures

7,281

9,423

(22.7%)

Average stage length (miles)

891

871

2.3%

4th Quarter 2020

4th Quarter 2019

Change

Passengers

2,129,292

3,516,263

(39.4%)

Revenue passenger miles (000)

1,878,831

3,073,055

(38.9%)

Available seat miles (000)

3,226,050

3,745,031

(13.9%)

Load factor

58.2%

82.1%

(23.9 pts)

Departures

21,399

25,541

(16.2%)

Average stage length (miles)

868

856

1.4%

YTD 2020

YTD 2019

Change

Passengers

8,553,623

14,823,267

(42.3%)

Revenue passenger miles (000)

7,626,470

13,038,003

(41.5%)

Available seat miles (000)

12,814,080

15,545,818

(17.6%)

Load factor

59.5%

83.9%

(24.4 pts)

Departures

85,276

105,690

(19.3%)

Average stage length (miles)

867

859

0.9%

 

Total System*

December 2020

December 2019

Change

Passengers

679,424

1,318,872

(48.5%)

Available seat miles (000)

1,147,534

1,453,592

(21.1%)

Departures

7,471

9,742

(23.3%)

Average stage length (miles)

883

868

1.7%

4th Quarter 2020

4th Quarter 2019

Change

Passengers

2,159,035

3,585,966

(39.8%)

Available seat miles (000)

3,315,599

3,928,536

(15.6%)

Departures

22,189

27,088

(18.1%)

Average stage length (miles)

860

846

1.7%

YTD 2020

YTD 2019

Change

Passengers

8,623,984

15,012,149

(42.6%)

Available seat miles (000)

13,125,533

16,174,240

(18.8%)

Departures

87,955

110,542

(20.4%)

Average stage length (miles)

862

855

0.8%

*Total system includes scheduled service and fixed fee contract.  System revenue passenger miles and system load factor are not useful statistics as system available seat miles include both ASMs flown by fixed fee flying as well as non-revenue producing repositioning flights used for operational needs.  Fixed fee flying is better measured through dollar contribution versus operational statistics.

Preliminary Financial Results

$ per gallon

December 2020 estimated average fuel cost per gallon – system

$1.56

$ per gallon

4th quarter 2020 estimated average fuel cost per gallon – system

$1.41

Allegiant Travel Company

Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant’s all-Airbus fleet serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF

ALGT/G

Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.

For further information please visit the company’s investor website: http://ir.allegiantair.com

Reference to the Company’s website above does not constitute incorporation of any of the information thereon into this news release.

Allegiant Media Contact:

Investor Inquiries:

Hilarie Grey

Sherry Wilson

email: mediarelations@allegiantair.com

email: ir@allegiantair.com

 

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SOURCE Allegiant Travel Company

El abogado Victor Recondo asesora a inversionista extranjero sobre la venta récord de lotes en Miami Beach por $15 millones

MIAMI, 12 de enero de 2021 /PRNewswire-HISPANIC PR WIRE/ — El abogado, Victor Recondo, socio del bufete de abogados Solomon, Cooperman & Recondo, con sede en Miami, representó al vendedor de dos lotes baldíos ubicados en 228 y 302 West Dilido Drive en las Islas Venecianas (Venetian Islands) en Miami Beach, Florida.  La venta de los lotes con frente al aguda, de $15.2 millones, bate el récord de…

MIAMI, 12 de enero de 2021 /PRNewswire-HISPANIC PR WIRE/ — El abogado, Victor Recondo, socio del bufete de abogados Solomon, Cooperman & Recondo, con sede en Miami, representó al vendedor de dos lotes baldíos ubicados en 228 y 302 West Dilido Drive en las Islas Venecianas (Venetian Islands) en Miami Beach, Florida.  La venta de los lotes con frente al aguda, de $15.2 millones, bate el récord de venta anterior en el área de $6.5 millones correspondiente a una propiedad ubicada en 412 West Dilido Drive en 2016. 

«Vender terrenos baldíos nunca es fácil para un vendedor.  Los compradores dedicarán una cantidad considerable de tiempo a realizar la debida diligencia para garantizar que existan condiciones aceptables de desarrollo.  Nuestra firma representó al vendedor en sus adquisiciones iniciales de estas propiedades, por lo que estábamos bien posicionados para garantizar que la transacción se realizara con rapidez y sin problemas», afirmó el Sr. Recondo.

Los lotes se vendieron al conocido desarrollador con sede en California, Zach Valle, quien ha estado en la serie «Million Dollar Listing» del canal Bravo.  El Sr. Valle planea convertir los lotes en una mansión unifamiliar para su familia.

Esta venta representa la resiliencia continua del mercado de ultra alta gama en Miami Beach, a pesar de las restricciones del mercado de capitales impulsadas por el COVID-19.  Miami y Miami Beach siguen siendo un destino preferido para desarrolladores como este, mientras que Florida, en su conjunto, sigue atrayendo a empresas e individuos que buscan aprovechar los beneficios fiscales favorables de Florida

Victor Recondo centra su práctica en transacciones de bienes inmuebles comerciales complejas.  El Sr. Recondo asesora regularmente a sus clientes sobre la adquisición, disposición y financiamiento de bienes inmuebles comerciales.  Solomon, Cooperman & Recondo también representan a los principales desarrolladores inmobiliarios y constructores de viviendas, así como a los principales bancos, certificados de fondos de inversión (REITS) y otros inversionistas. La firma asesora a sus clientes sobre más de $10 mil millones en activos y proyectos inmobiliarios. 

Para obtener más información sobre Solomon, Cooperman & Recondo, visite el sitio web de la empresa www.scr-firm.com o comuníquese con el Sr. Recondo escribiendo a victor@sfllp.com.

 

 

FUENTE Solomon, Cooperman & Recondo

The Real Estate Roundtable Suspends Political Support to Those Who Objected to Electoral College Certification

WASHINGTON, Jan. 12, 2021 /PRNewswire/ — The Real Estate Roundtable last week strongly denounced the planning, acquiescence, and participation in the baseless January 6th attacks on the Capitol and our Republic itself. The images of rioters defiling the Capitol, putting members of Congress and their staff at grave risk of harm, and resulting in the deaths of five people, shock the conscience.

WASHINGTON, Jan. 12, 2021 /PRNewswire/ — The Real Estate Roundtable last week strongly denounced the planning, acquiescence, and participation in the baseless January 6th attacks on the Capitol and our Republic itself. The images of rioters defiling the Capitol, putting members of Congress and their staff at grave risk of harm, and resulting in the deaths of five people, shock the conscience.

In the time since this armed insurrection, we have become even more appalled and our anger is amplified by the dismissive reaction of many of our national leaders, beginning with the votes cast by a band of Senators and Representatives who continue to fuel baseless claims of election fraud by refusing to certify the clear results of last November’s election.

In response, The Real Estate Roundtable will suspend all political contributions to Members of Congress whose votes attempted to subvert the validly expressed will of the American people in selecting Joe Biden and Kamala Harris as the nation’s next president and vice president.

The Roundtable firmly backs the Senators and Representatives who put country before party and fulfilled their oaths to uphold the Constitution by certifying the Biden-Harris victory.  Furthermore, we implore congressional leadership to allow the members in their caucuses to freely vote their conscience in how to deal with the current president during his waning days in office.

Statement at www.rer.org

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SOURCE The Real Estate Roundtable

NBCUniversal Telemundo Enterprises Amplía el equipo de liderazgo en su unidad de Estrategia de ingresos y Distribución

MIAMI, 12 de enero de 2021 /PRNewswire-HISPANIC PR WIRE/ — NBCUniversal Telemundo Enterprises anunció hoy el nombramiento de dos nuevos ejecutivos en su expansión de su unidad de negocios de Estrategia de Ingresos y Distribución, a fin de desarrollar e incrementar las oportunidades de monetización del contenido en los EE.UU. y en todo el mundo. Con efecto inmediato, Ezequiel Fonseca Zas se une a Telemundo en el recién creado puesto de vicepresidente sénior de Estrategia de Ingresos y Distribución, y <span…

MIAMI, 12 de enero de 2021 /PRNewswire-HISPANIC PR WIRE/ — NBCUniversal Telemundo Enterprises anunció hoy el nombramiento de dos nuevos ejecutivos en su expansión de su unidad de negocios de Estrategia de Ingresos y Distribución, a fin de desarrollar e incrementar las oportunidades de monetización del contenido en los EE.UU. y en todo el mundo. Con efecto inmediato, Ezequiel Fonseca Zas se une a Telemundo en el recién creado puesto de vicepresidente sénior de Estrategia de Ingresos y Distribución, y Malu Carmona-Botana ha sido designada para el nuevo cargo de vicepresidenta de Monetización de Contenidos. Ambos ejecutivos estarán ubicados en Miami, Florida. Fonseca Zas reportará directamente a Peter Blacker, vicepresidente ejecutivo, director comercial y jefe de Licencias DTC, y Carmona-Botana reportará a Fonseca Zas.

Ezequiel Fonseca Zas, Senior Vice President, Revenue Strategy & Distribution, NBCUniversal Telemundo Enterprises

«Estoy encantado de dar la bienvenida a estos dos expertos en medios excepcionalmente calificados al equipo de Telemundo», dijo Blacker. «Ezequiel y Malu traen ambos una experticia única y profunda en medios en español e inglés, que nos ayudará a expandir los formatos y las experiencias multilingües en las plataformas AVOD, SVOD y DTC en las que Telemundo ha sido pionero durante más de diez años en los EE.UU. y alrededor del mundo».    

Fonseca Zas será responsable de hacer crecer y gestionar las estrategias de monetización y distribución del contenido de Telemundo Enterprises, en estrecha coordinación con los encargados de los contenidos de Telemundo (Entretenimiento, Global Studios, Deportes y Noticias), así como con los equipos de Distribución y Licencias de NBCUniversal. También supervisará la búsqueda y el desarrollo de futuros proyectos de generación de ingresos a gran escala en toda la empresa, aprovechando la transformación de los mercados de medios de Estados Unidos y globales.

Carmona-Botana será responsable de la planificación estratégica y la gestión de asociaciones claves, incluyendo el desarrollo, la implementación y las estrategias de crecimiento a corto y largo plazo. Carmona-Botana también trabajará en estrecha colaboración con los equipos de contenido para alinear las estrategias de contenido de la cadena y el equipo Peacock de NBCUniversal a fin de incrementar los ingresos de la empresa en todas las plataformas.

Fonseca Zas estuvo recientemente en Viacom CBS International, donde se desempeñó como gerente general de Plataformas de Streaming y vicepresidente sénior de Alianzas Móviles. En ese cargo, dirigió la estrategia internacional de streaming/OTT y los planes de negocios de las plataformas AVOD (Pluto TV) y SVOD (Paramount+ y Noggin). Previamente, ocupó varios puestos de liderazgo con supervisión de negocios emergentes, estrategias multiplataforma y digitales. Antes de eso, Fonseca estuvo en el periódico La Nación de Argentina por más de una década, donde ocupó distintos puestos en las divisiones de marketing, branding y digital de la empresa.

Carmona-Botana se incorpora a Telemundo procedente de A+E Networks, donde fue directora de Estrategia de Distribución de Contenidos. En ese cargo brindó apoyo estratégico al presidente de Distribución. Antes de A+E, trabajó en una serie de empresas en distintas partes del mundo, incluyendo Gedeth en Shanghai, Zebra Producciones en Madrid, Televisa en la Ciudad de México y Viacom en Nueva York.

Fonseca Zas y Carmona-Botana se unirán al actual equipo de liderazgo de Estrategia de Ingresos y Distribución de Telemundo, que incluye a Borja Pérez, vicepresidente sénior de Estrategia de Ingresos y Distribución; Francisco Rivera, vicepresidente de Negocios Emergentes; Gustavo Granados, vicepresidente de Producciones Digitales, y Tania Paz, vicepresidenta de Operaciones de Distribución.

Acerca de NBCUniversal Telemundo Enterprises:  

NBCUniversal Telemundo Enterprises es una empresa de medios de categoría mundial que lidera la industria en la producción y distribución de contenido en español de alta calidad para los hispanos en EE.UU. y las audiencias del mundo entero. Esta cartera multiplataforma de rápido crecimiento está conformada por la Cadena Telemundo y el Grupo de Estaciones, Telemundo Deportes, Telemundo Global Studios, Universo y una unidad de Estrategia de Ingresos e Innovación. La Cadena Telemundo ofrece entretenimiento original, noticias y contenido deportivo en español, y alcanza el 94% de los hogares hispanos de EE.UU. en 210 mercados a través de 30 estaciones locales, 50 afiliadas y su señal nacional. Telemundo también es propietaria de WKAQ, una estación de televisión que atiende a los espectadores de Puerto Rico. Telemundo Deportes es la sede designada de dos de los eventos deportivos más populares del planeta: la Copa Mundial de la FIFA™ hasta 2026 y los Juegos Olímpicos de Verano hasta 2032. Telemundo Global Studios es la unidad de producción de programas dramáticos nacionales e internacionales de la compañía e incluye a Telemundo Studios, Telemundo International Studios, Telemundo International, Underground Producciones, una boutique de producción de renombre internacional con sede en Argentina, así como todas las asociaciones de coproducción de la empresa. Al ser la empresa de medios #1 en llegar a los hispanos y millennials en línea, su unidad de Estrategia de Ingresos e Innovación distribuye contenido original en múltiples plataformas, maximizando sus alianzas exclusivas con propiedades como BuzzFeed, Vox y Snapchat. A través de Telemundo Internacional, la mayor distribuidora de contenido en español del mundo con sede en EE.UU., y Universo, la empresa refleja el estilo de vida diverso, la experiencia cultural y el idioma de una audiencia en expansión. NBCUniversal es una división de NBCUniversal, una subsidiaria de Comcast Corporation.

Malu Carmona-Botana, Vice President, Content Monetization, NBCUniversal Telemundo Enterprises

 

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FUENTE NBCUniversal Telemundo Enterprises

NBCUniversal Telemundo Enterprises Expands Revenue Strategy And Distribution Leadership Team

MIAMI, Jan. 12, 2021 /PRNewswire-HISPANIC PR WIRE/ — NBCUniversal Telemundo Enterprises today announced the appointment of two new executives as it expands its Revenue Strategy and Distribution business unit to develop and grow content monetization opportunities in the U.S. and around the world. Effective immediately, Ezequiel Fonseca Zas joins Telemundo in the newly created role of Senior Vice President of Revenue Strategy and Distribution, and Malu…

MIAMI, Jan. 12, 2021 /PRNewswire-HISPANIC PR WIRE/ — NBCUniversal Telemundo Enterprises today announced the appointment of two new executives as it expands its Revenue Strategy and Distribution business unit to develop and grow content monetization opportunities in the U.S. and around the world. Effective immediately, Ezequiel Fonseca Zas joins Telemundo in the newly created role of Senior Vice President of Revenue Strategy and Distribution, and Malu Carmona-Botana is appointed to the new position of Vice President of Content Monetization. Both executives will be based in Miami, Florida. Fonseca Zas will report directly to Peter Blacker, EVP, Chief Commercial Officer and Head of DTC Licensing, and Carmona-Botana will report to Fonseca Zas.

Ezequiel Fonseca Zas, Senior Vice President, Revenue Strategy & Distribution, NBCUniversal Telemundo Enterprises

«I am thrilled to welcome these two exceptionally qualified media experts to the Telemundo team,» said Blacker. «Ezequiel and Malu each bring a unique and deep set of media expertise in Spanish and English, which will help us expand the formats and multilingual experiences across AVOD, SVOD and DTC platforms that Telemundo has pioneered for over ten years in the US and across the globe.»

Fonseca Zas will be responsible for growing and managing Telemundo Enterprises’ content monetization and distribution strategies, in close coordination with Telemundo’s Content Owners (Entertainment, Global Studios, Sports and News) as well as NBCUniversal Distribution and Licensing teams. He will also oversee sourcing and development of future large-scale revenue-generating projects across the business, taking advantage of the transformation of the U.S. and global media markets.

Carmona-Botana will be responsible for strategic planning and managing key partnerships including development, implementation, and short to long-term growth strategies. Carmona-Botana will also work closely with the content teams to align the network content strategies and NBCUniversal’s Peacock team in order to increase the company’s income across all platforms.

Fonseca Zas was most recently at ViacomCBS International where he was General Manager of Streaming Platforms and Senior Vice President of Mobile Partnerships.  In that role, he led the international streaming/OTT strategy and business plans for AVOD (Pluto TV) and SVOD platforms (Paramount+ & Noggin). Previously, he served in several leadership roles with oversight of emerging businesses, multiplatform and digital strategies. Prior to that, Fonseca was at La Nación newspaper in Argentina for over a decade, where he held multiple positions in the company’s marketing, branding and digital divisions.

Carmona-Botana joins Telemundo from A+E Networks, where she was previously Director of Content Distribution Strategy. In that role, she provided strategic support to the President of Distribution. Prior to A+E, she worked at a myriad of companies around the world including Gedeth in Shanghai, Zebra Producciones in Madrid, Televisa in Mexico City and Viacom in New York.

Fonseca Zas and Carmona-Botana will be joining Telemundo’s existing Revenue Strategy and Distribution leadership team including Borja Perez, Senior Vice President of Revenue Strategy and Innovation, Francisco Rivera, Vice President of Emerging Business, Gustavo Granados, Vice President of Digital Productions and Tania Paz, Vice President of Distribution Operations.

About NBCUniversal Telemundo Enterprises:  
NBCUniversal Telemundo Enterprises is a world-class media company leading the industry in the production and distribution of high-quality Spanish-language content to U.S. Hispanics and audiences around the world. This fast-growing multiplatform portfolio is comprised of the Telemundo Network and Station Group, Telemundo Deportes, Telemundo Global Studios, Universo, and a Revenue Strategy & Innovation unit. Telemundo Network features original Spanish-language entertainment, news and sports content reaching 94% of U.S. Hispanic TV households in 210 markets through 30 local stations, 50 affiliates and its national feed. Telemundo also owns WKAQ, a television station that serves viewers in Puerto Rico. Telemundo Deportes is the designated Spanish-language home of two of the world’s most popular sporting events: FIFA World Cup™ through 2026 and the Summer Olympic Games through 2032. Telemundo Global Studios is the company’s domestic and international scripted production unit including Telemundo Studios, Telemundo International Studios, Telemundo International, Underground Producciones, an internationally renowned production boutique based in Argentina as well as all of the company’s co-production partnerships. As the #1 media company reaching Hispanics and millennials online, the Revenue Strategy & Innovation unit distributes original content across multiple platforms, maximizing its exclusive partnerships with properties such as BuzzFeed, Vox, and Snapchat. Through Telemundo Internacional, the largest U.S.-based distributor of Spanish-language content in the world; and Universo, the company reflects the diverse lifestyle, cultural experience and language of its expanding audience. NBCUniversal Telemundo Enterprises is a division of NBCUniversal, a subsidiary of Comcast Corporation. 

Malu Carmona-Botana, Vice President, Content Monetization, NBCUniversal Telemundo Enterprises

 

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SOURCE NBCUniversal Telemundo Enterprises

North Carolina to Consider Climate Change Solution as Communities Feel Impacts

CHAPEL HILL, N.C., Jan. 12, 2021 /PRNewswire/ — On behalf of Clean Air Carolina and the North Carolina Coastal Federation, the Southern Environmental Law Center filed a petition for rulemaking with the North Carolina Environmental Management Commission for the state to take action against harmful climate change by joining other states in a cooperative effort to reduce heat-trapping carbon dioxide emissions from power plants.

«With climate change already harming <span…

CHAPEL HILL, N.C., Jan. 12, 2021 /PRNewswire/ — On behalf of Clean Air Carolina and the North Carolina Coastal Federation, the Southern Environmental Law Center filed a petition for rulemaking with the North Carolina Environmental Management Commission for the state to take action against harmful climate change by joining other states in a cooperative effort to reduce heat-trapping carbon dioxide emissions from power plants.

«With climate change already harming North Carolina, and science telling us we are running out of time to reduce our heat-trapping gas emissions, now is the time to take action,» said Gudrun Thompson, a senior attorney at the Southern Environmental Law Center. «Whether we act now or delay determines our future as well as the legacy we leave our children and grandchildren. This petition outlines a cost-effective solution that is proven to work and ready to go to protect North Carolina’s economy, environment and people.»

Action to reduce carbon dioxide emissions is urgently needed as North Carolinians increasingly feel the impacts of climate change from flooding, slower storms that drop more rain, rising sea levels that are harming coastal areas, and warmer and more humid days and nights. Scientists warn of more dire consequences for North Carolina’s economy, environment and people—including to people’s health—if no action is taken or action is delayed.

«A hotter climate causes more extreme weather and higher seas that drown our coast in major floods that occur all too routinely,» said Todd Miller, executive director of the North Carolina Coastal Federation. «Recovery from these disasters cost taxpayers billions of dollars almost every year. The commission needs to act with urgency to exercise its responsibility to protect and restore our coast from climate turmoil.»

The petition filed with the commission outlines a comprehensive approach to limit and reduce heat-trapping carbon dioxide emissions from power plants by participating in a regional emissions-trading program. The commission has 120 days to initiate rulemaking or deny the petition.

«Climate change is a health disaster for North Carolina, and one that will only get worse the longer we wait to act,» said June Blotnick, executive director of Clean Air Carolina. «It’s time we use proven, cost-effective strategies and coordinate with other states to efficiently reduce climate emissions across the eastern U.S., protecting the health of our communities and the environment.»

Under the proposal filed with the commission, the state would establish a carbon dioxide emissions-trading program and participate in the existing Regional Greenhouse Gas Initiative (RGGI) implemented by states from New England south through Virginia. In such a program, if a power plant emits carbon dioxide, it has to buy an allowance for each ton of carbon dioxide pollution it produces. Allowances can be bought and sold in a regional auction, which helps to keep costs down. The number of available allowances is reduced over time to reduce pollution.

States already participating in RGGI saw carbon dioxide emissions from the power sector drop 47% over the last decade as well as fewer premature deaths, hospital visits, and lost work or school days, associated with asthma and other respiratory illnesses, strokes, and heart attacks. A similar approach was successfully used a few decades ago when acid rain plagued the United States, harming and killing fish, wildlife, and forests. That issue is now largely in the past thanks to a cap-and-trade program for nitrogen oxides and sulfur dioxide, the primary causes of acid rain.

Participation in the regional program is a cost-effective and proven policy option to reduce carbon dioxide emissions consistent with Governor Cooper’s Executive Order No. 80 and the Department of Environmental Quality’s Clean Energy Plan, which sets a goal of reducing carbon dioxide emissions from the power sector by 70% by 2030, reaching net zero emissions by 2050.

For more than 30 years, the Southern Environmental Law Center has used the power of the law to champion the environment of the Southeast. With over 80 attorneys and nine offices across the region, SELC is widely recognized as the Southeast’s foremost environmental organization and regional leader. SELC works on a full range of environmental issues to protect our natural resources and the health and well-being of all the people in our region. www.SouthernEnvironment.org

 

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SOURCE Southern Environmental Law Center

Nikola Positioned To Accelerate Hydrogen Economy

PHOENIX, Jan. 12, 2021 /PRNewswire/ — Nikola Corporation (NASDAQ: NKLA) has secured an innovative electric rate schedule with Arizona Public Service Company («APS») that makes possible the accelerated development of hydrogen-based fueling solutions for the transportation industry.  Nikola is a company dedicated to the advancement of innovative zero-emissions truck solutions and the energy infrastructure required to make this feasible.  By facilitating low-cost production of hydrogen, the Arizona…

PHOENIX, Jan. 12, 2021 /PRNewswire/ — Nikola Corporation (NASDAQ: NKLA) has secured an innovative electric rate schedule with Arizona Public Service Company («APS») that makes possible the accelerated development of hydrogen-based fueling solutions for the transportation industry.  Nikola is a company dedicated to the advancement of innovative zero-emissions truck solutions and the energy infrastructure required to make this feasible.  By facilitating low-cost production of hydrogen, the Arizona Corporation Commission’s («ACC») approval of this rate schedule paves the way for the curtailment of greenhouse gases in the transportation sector, while also providing benefits to key constituents via novel grid-balancing solutions.     

Today’s unanimous approval of this agreement by the ACC provides Nikola with a competitive electric rate specifically designed for the production, processing, and dispensing of hydrogen. This will support, among other things, enabling a zero-emission heavy-duty freight corridor along the I-10 freeway between Los Angeles and Phoenix.  

APS’s competitive electric rate will help lead the creation of the hydrogen economy in Arizona.  Nikola estimates that under the rate structure it will be able to deliver hydrogen at market leading prices and within the ranges required for Nikola to offer competitive lease rates for its trucks customers.

The agreement reflects value that results from the curtailment flexibility that Nikola’s hydrogen production facilities are expected to provide to the electrical grid. These facilities will be configured to respond to the needs of the grid, for example by reducing Nikola’s energy consumption from the electric grid during heatwaves. This agreement will encourage Nikola to deploy capital within the state, increase electric load relating to hydrogen production, and further develop and employ a highly skilled and well-educated workforce.

Nikola CEO, Mark Russell, celebrated today’s critical milestone stating: «Nikola values the joint efforts of APS and the ACC to enable competitive electrolytic hydrogen production. The approval of this special rate for hydrogen production is critical for advancing the future of zero-emissions transportation and building a hydrogen economy.»  

Nikola President of Energy and Commercial, Pablo Koziner, added, «Through this agreement, Nikola is assured a reliable and competitively priced source of electricity that will allow us to commence the development of hydrogen production facilities to serve the fueling needs of our truck customers.  The agreement sets an important precedent in showcasing that innovative operational solutions can be developed for the economic production of hydrogen that maximize benefits to all stakeholders.»

The approval of this agreement marks an important milestone. Going forward, Nikola will work with APS to finalize site selection and interconnection requirements to establish its first hydrogen production facility in Arizona.  

«For decades, hydrogen has been a promising, but elusive, source of clean energy for both the transportation and power sectors.  We simply haven’t done enough to bring hydrogen to the mainstream,» stated Chairwoman Lea Márquez Peterson. «As we begin to enter a new energy economy, however, I want to ensure that we take all steps necessary to promote Arizona’s gradual and innovative move towards decarbonization. By supporting this application, we are doing exactly that.  Let’s make our great state the nation’s epicenter of hydrogen production, processing, and fueling, and let’s have Arizona serve as a model to other states about clean energy innovation.»   

ABOUT NIKOLA CORPORATION:­
Nikola Corporation is a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.

FORWARD LOOKING STATEMENTS
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as «believe,» «may,» «will,» «estimate,» «continue,» «anticipate,» «intend,» «expect,» «should,» «would,» «plan,» «predict,» «potential,» «seem,» «seek,» «future,» «outlook,» and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding potential benefits related to the secured electric rate schedule and the company’s ability to accelerate its development of hydrogen based fueling stations that can be configured to respond to the needs of the grid, as well as, help create a hydrogen economy; the ability to create a zero-emission freight corridor between Phoenix and Los Angeles; the company’s ability to produce market leading low-cost hydrogen and also allow for competitive truck lease rates; the duration of the competitively priced electric rate and its impact on the company’s hydrogen production cost and plans; expectations regarding its hydrogen business, and related business model and strategy; and market opportunities related to the company’s hydrogen plans. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Nikola’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to general economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; the outcome of legal proceedings to which Nikola is, or may become a party; failure to realize the anticipated benefits of the recently completed business combination; the conversion of pre-orders into binding orders; risks related to the rollout of Nikola’s business and the timing of expected business milestones; the effects of competition on Nikola’s future business; the availability of capital; and the other risks detailed from time to time in Nikola’s reports filed with the Securities and Exchange Commission, including its quarterly report on Form 10-Q for the quarter ended September 30, 2020 and other documents Nikola files with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and Nikola specifically disclaims any obligation to update these forward-looking statements.

MEDIA CONTACTS:
Nicole Rose
nicole.rose@nikolamotor.com 
480-660-6893

Colleen Robar
crobar@robarpr.com 
313-207-5960

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SOURCE Nikola Corporation

NBCUniversal Telemundo Enterprises Expands Revenue Strategy And Distribution Leadership Team

MIAMI, Jan. 12, 2021 /PRNewswire/ — NBCUniversal Telemundo Enterprises today announced the appointment of two new executives as it expands its Revenue Strategy and Distribution business unit to develop and grow content monetization opportunities in the U.S. and around the world. Effective immediately, Ezequiel Fonseca Zas joins Telemundo in the newly created role of Senior Vice President of Revenue Strategy and Distribution, and Malu Carmona-Botana is…

MIAMI, Jan. 12, 2021 /PRNewswire/ — NBCUniversal Telemundo Enterprises today announced the appointment of two new executives as it expands its Revenue Strategy and Distribution business unit to develop and grow content monetization opportunities in the U.S. and around the world. Effective immediately, Ezequiel Fonseca Zas joins Telemundo in the newly created role of Senior Vice President of Revenue Strategy and Distribution, and Malu Carmona-Botana is appointed to the new position of Vice President of Content Monetization. Both executives will be based in Miami, Florida. Fonseca Zas will report directly to Peter Blacker, EVP, Chief Commercial Officer and Head of DTC Licensing, and Carmona-Botana will report to Fonseca Zas.

«I am thrilled to welcome these two exceptionally qualified media experts to the Telemundo team,» said Blacker. «Ezequiel and Malu each bring a unique and deep set of media expertise in Spanish and English, which will help us expand the formats and multilingual experiences across AVOD, SVOD and DTC platforms that Telemundo has pioneered for over ten years in the US and across the globe.»

Fonseca Zas will be responsible for growing and managing Telemundo Enterprises’ content monetization and distribution strategies, in close coordination with Telemundo’s Content Owners (Entertainment, Global Studios, Sports and News) as well as NBCUniversal Distribution and Licensing teams. He will also oversee sourcing and development of future large-scale revenue-generating projects across the business, taking advantage of the transformation of the U.S. and global media markets.

Carmona-Botana will be responsible for strategic planning and managing key partnerships including development, implementation, and short to long-term growth strategies. Carmona-Botana will also work closely with the content teams to align the network content strategies and NBCUniversal’s Peacock team in order to increase the company’s income across all platforms.

Fonseca Zas was most recently at ViacomCBS International where he was General Manager of Streaming Platforms and Senior Vice President of Mobile Partnerships.  In that role, he led the international streaming/OTT strategy and business plans for AVOD (Pluto TV) and SVOD platforms (Paramount+ & Noggin). Previously, he served in several leadership roles with oversight of emerging businesses, multiplatform and digital strategies. Prior to that, Fonseca was at La Nación newspaper in Argentina for over a decade, where he held multiple positions in the company’s marketing, branding and digital divisions.

Carmona-Botana joins Telemundo from A+E Networks, where she was previously Director of Content Distribution Strategy. In that role, she provided strategic support to the President of Distribution. Prior to A+E, she worked at a myriad of companies around the world including Gedeth in Shanghai, Zebra Producciones in Madrid, Televisa in Mexico City and Viacom in New York.

Fonseca Zas and Carmona-Botana will be joining Telemundo’s existing Revenue Strategy and Distribution leadership team including Borja Perez, Senior Vice President of Revenue Strategy and Innovation, Francisco Rivera, Vice President of Emerging Business, Gustavo Granados, Vice President of Digital Productions and Tania Paz, Vice President of Distribution Operations.

About NBCUniversal Telemundo Enterprises:  
NBCUniversal Telemundo Enterprises is a world-class media company leading the industry in the production and distribution of high-quality Spanish-language content to U.S. Hispanics and audiences around the world. This fast-growing multiplatform portfolio is comprised of the Telemundo Network and Station Group, Telemundo Deportes, Telemundo Global Studios, Universo, and a Revenue Strategy & Innovation unit. Telemundo Network features original Spanish-language entertainment, news and sports content reaching 94% of U.S. Hispanic TV households in 210 markets through 30 local stations, 50 affiliates and its national feed. Telemundo also owns WKAQ, a television station that serves viewers in Puerto Rico. Telemundo Deportes is the designated Spanish-language home of two of the world’s most popular sporting events: FIFA World Cup™ through 2026 and the Summer Olympic Games through 2032. Telemundo Global Studios is the company’s domestic and international scripted production unit including Telemundo Studios, Telemundo International Studios, Telemundo International, Underground Producciones, an internationally renowned production boutique based in Argentina as well as all of the company’s co-production partnerships. As the #1 media company reaching Hispanics and millennials online, the Revenue Strategy & Innovation unit distributes original content across multiple platforms, maximizing its exclusive partnerships with properties such as BuzzFeed, Vox, and Snapchat. Through Telemundo Internacional, the largest U.S.-based distributor of Spanish-language content in the world; and Universo, the company reflects the diverse lifestyle, cultural experience and language of its expanding audience. NBCUniversal Telemundo Enterprises is a division of NBCUniversal, a subsidiary of Comcast Corporation. 

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SOURCE NBCUniversal Telemundo Enterprises

Polestar Cars Drives Innovation and Awareness with Actor Oscar Isaac in New Video Series

GOTHENBURG, Sweden, Jan. 12, 2021 /PRNewswire/ — In the pursuit of accelerating sustainable mobility, Polestar, the electric performance car brand, today released a multi-episode video series featuring Golden Globe winner Oscar Isaac. A champion for climate justice, Isaac delves deeper into Polestar innovations which aim to improve today’s society, and that of the future.

GOTHENBURG, Sweden, Jan. 12, 2021 /PRNewswire/ — In the pursuit of accelerating sustainable mobility, Polestar, the electric performance car brand, today released a multi-episode video series featuring Golden Globe winner Oscar Isaac. A champion for climate justice, Isaac delves deeper into Polestar innovations which aim to improve today’s society, and that of the future.

In partnership with The Wall Street Journal, «Making aNew» is a five-part mini docuseries which seeks the truths behind Polestar’s ethos and advancements in sustainability, electrification and performance. The video series is available to view today at www.polestar.com/us/making-anew.

«As the automotive world moves to electrification, important terms such as sustainability and clean energy are becoming generic slogans with diminished meaning,» said Oscar Isaac. «After learning about the company, I feel better about driving a Polestar because the brand is transparent about how its cars are produced, accountable for its impact on the planet and taking action to truly offset the footprint of its vehicles.»

Since the launch of the brand in 2017, Polestar has become synonymous with the development of new technologies, harnessing refined performance and incorporating unconventional materials in the development of its vehicles.

More recently, the brand began publishing detailed climate impact reports of its electric vehicles as they leave the production line, aiming to be the most transparent company in the automotive industry. As a proof point of this pledge, Polestar has published a full lifecycle analysis of the Polestar 2 Electric Fastback, and will release its first annual sustainability report in March of this year.

«We are determined to be the guiding star for our industry, accelerating the shift to more sustainable mobility. Innovation, clean energy, circular materials and transparency are areas of particular focus. A great example of this is the use of blockchain to improve the accountability of our cobalt supply chain,» said Fredrika Klarén, Head of Sustainability at Polestar. «Collaborating with visible activists like Oscar, who are as passionate about carbon-neutrality as we are, will help raise awareness and understanding, paving the path for a more sustainable future.»

For images and other media information, visit polestar.com/press.

About Polestar

Polestar is the independent Swedish premium electric performance car brand founded by Volvo Cars and Geely Holding. Established in 2017, Polestar enjoys specific technological and engineering synergies with Volvo Cars and benefits from significant economies of scale as a result. The company is headquartered in Gothenburg, Sweden, and retails its vehicles in ten global markets across Europe and North America, and in China.

Polestar produces two electric performance cars. The Polestar 1 is a low-volume electric performance hybrid GT with a carbon fiber body, 609 hp, 738 ft.-lb. and an electric-only range of 60 miles – the longest of any hybrid car in the world. The Polestar 2 electric performance fastback is the company’s first fully electric, high volume car. Polestar 2 launched in 2020 with an all-wheel drive electric powertrain that produces 408 hp and 487 ft.-lb., with a maximum range of 233 miles (292 miles WLTP).

In the future, the Polestar 3 electric performance SUV will join the portfolio, as well as the Precept – a design study vehicle released in 2020 that is slated for future production. Precept showcases the brand’s future vision in terms of sustainability, digital technology and design.

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SOURCE Polestar

Kentucky Plant Begins Destruction of Next Inventory of Nerve Agent Weapons

RESTON, Va., Jan. 12, 2021 /PRNewswire/ — A Bechtel-led plant in Kentucky has successfully begun destroying its next batch of chemical weapons, bringing the nation closer to its goal of eradicating the national stockpile by 2023.

RESTON, Va., Jan. 12, 2021 /PRNewswire/ — A Bechtel-led plant in Kentucky has successfully begun destroying its next batch of chemical weapons, bringing the nation closer to its goal of eradicating the national stockpile by 2023.

At the Blue Grass Chemical Agent-Destruction Pilot Plant in Richmond, a 155-milimeter artillery projectile filled with VX nerve agent was robotically opened and drained on Jan. 10. It is the first of more than 60 tons of VX 155mm projectiles scheduled to be processed.

«This is a program of international significance,» said Barbara Rusinko, president of Bechtel’s Nuclear, Security & Environmental global business unit. «The Chemical Weapons Convention commits more than 190 nations to the eradication of these weapons. Our team is equally committed to completing the mission and doing it safely.»

The drained toxins will undergo a neutralization process using hot water and sodium hydroxide, destroying the VX agent. The metal parts will be heated to more than 1,000 degrees Fahrenheit for decontamination and can then be safely recycled.

Destruction began in 2019

For decades, some 523 tons of chemical munitions were stored at the Blue Grass Army Depot. In June 2019, destruction of mustard projectiles began in an on-site facility using a static detonation chamber. More than 60% of the mustard agent had been destroyed by the end of last year.  In early 2020, the plant destroyed the remaining stockpile of 8-inch nerve agent projectiles, eliminating an entire class of weapon from the U.S. stockpile. After the current campaign, an inventory of rockets containing nerve agent will be all that remains.

«The plant changeover from 8-inch projectiles to the smaller 155mm munitions is significant,» said Ron Hink, Bechtel Parsons Blue Grass project manager. «That the team completed this safely and successfully – during a global pandemic – speaks to their dedication to completing this mission.» 

A sister plant in Pueblo, Colorado began operations in 2015. Both sites host inspectors from the Organisation for the Prohibition of Chemical Weapons to verify compliance with the Chemical Weapons Convention.

The Blue Grass Chemical Agent-Destruction Pilot Plant was built and is being operated under contract to the Department of Defense’s Program Executive Office, Assembled Chemical Weapons Alternatives. Bechtel Parsons Blue Grass is a joint venture of Bechtel National Inc. and Parsons Government Services Inc.

Historic commitment to global security

Since the 1980s, Bechtel has had an active role in U.S. and international efforts to eliminate chemical weapons. With the destruction of the stockpiles underway in Colorado and Kentucky, along with previous projects in Alabama and Maryland, Bechtel will have safely eliminated nearly 5,000 tons of chemical weapons in rockets, artillery rounds, mortar shells, and storage canisters at four of the nine original U.S. storage depots.

Learn more:

About Bechtel:

Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers’ objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world’s infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place. 

Bechtel serves the Infrastructure; Nuclear, Security & Environmental; Oil, Gas & Chemicals; and Mining & Metals markets. Our services span from initial planning and investment, through start-up and operations.  www.Bechtel.com 

Media contact:

Fred deSousa
tfdesous@bechtel.com
tel. +1 703-429-6435

Mark York
mhyork@bechtel.com
tel. +1 859-625-1291

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SOURCE Bechtel