CHARLOTTE, N.C., May 24, 2019 /PRNewswire/ -- Piedmont Natural Gas, a subsidiary of Duke Energy (NYSE: DUK), has successfully closed a $600 million debt offering – its largest debt issuance in the history of the company and its first since it merged with Duke Energy.

This transaction, which involved three disabled-veteran-owned banks as co-underwriters to sell the notes, aligns with Duke Energy's practice of routinely involving diversity-owned financial institutions in its capital raising efforts. Over the past three years, the company has worked with firms representing various backgrounds, including women-owned, African American-owned, disabled-veteran-owned and Hispanic-owned banks.

"Our focus on diversity and inclusion is unwavering – from our employees and leadership team to our suppliers, brokerage firms and investors," said Steve Young, Duke Energy's chief financial officer. "These partnerships enable us to broaden our investor base and honor veterans while also accessing low-cost capital to invest in important infrastructure for our customers."

"We are proud to be a part of this historic transaction for Piedmont Natural Gas," stated Ron Quigley, managing director at Mischler Financial, one of the disabled-veteran-owned banks participating in the transaction. "Not only does this represent another successful collaborative effort within the business community, it also carries more meaning to our firm given the timing of Memorial Day and our commitment to donate a portion of the proceeds from this transaction to causes that are important to our veteran employees."

Piedmont priced the bonds on May 21 and closed the transaction on May 24. Net proceeds will be used to retire a bank loan, repay other borrowings and other general corporate purposes.

"Everyone benefits when we bring diverse thoughts, perspectives and talents to the table," said Young. "Together, we have an opportunity to foster more innovation, enhance outreach to customers and investors and increase the business community's commitment to collaborating with a wide variety of firms."

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers' experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit's regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune's 2019 "World's Most Admired Companies" list and Forbes' 2019 "America's Best Employers" list. More information about the company is available at The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Contact: Catherine Butler
24-Hour: 800.559.3853

SOURCE Duke Energy

Read more: Piedmont Natural Gas completes its largest debt...

TOKYO, May 24, 2019 /PRNewswire/ -- Daiki Axis (TOKYO: 4245) is pleased to announce its results for the three months ended March 31, 2019.

Summary of Results

The Company has formulated a new medium-term management plan, "Make FOUNDATION Plan (Promote ESG)," for the fiscal years ending December 31, 2019 to 2021. The company started off the plan by transitioning to a company with an audit and supervisory committee and introducing an executive officer system. The Company's main business strategy is to focus on ensuring future revenue and profits through several initiatives. First, in the environmental equipment segment, the Company is bolstering sales overseas and strengthening the management of its recurring-revenue energy service company (ESCO) businesses in the areas of maintenance and water utilities. Second, Daiki Axis is transitioning toward growth businesses in the household equipment-related business segment. Third, in the renewable energy segment the company is working to realize a recycling society and striving to shore up stable revenue and profits.

During the first three months of the fiscal year ending December 31, 2019, the Company generated net sales of JPY9,750 million (up 0.3% YoY), operating income of JPY470 million (up 23.1% YoY), ordinary income of JPY513 million (up 21.4% YoY) and profit attributable to owners of parent of JPY302 million (up 25.3% YoY).

In the environmental equipment segment, sales of wastewater treatment systems were up year on year. Performance in Japan was affected by the posting of sales based on the percentage-of-completion-system for recognizing revenues on large-scale projects and the completion of five projects involving the sale of equipment in the water utilities business (excluding ESCO). Overseas sales rose as the Company made progress in cultivating distributors. Sales also grew year on year in the recurring-revenue energy service company (ESCO) businesses in the areas of maintenance and water utilities. Sales in the environmental equipment segment accordingly amounted to JPY5,668 million (up 17.3% YoY), and segment income (operating income) was JPY556 million (up 33.7% YoY).

Sales and income were both down in the household equipment-related business segment. In construction-related sales, the Company saw few medium-sized or large projects, and sales of retail products through DIY stores were down due to lower sales to existing stores. Also, in the construction of residential machinery the company did not benefit from large scale store construction as it had in the preceding fiscal year. Consequently, segment sales in the household equipment-related business segment came to JPY3,523million (down 19.3% YoY), and segment income (operating income) sales were JPY89 million (down 45.5% YoY).

In the renewable energy segment, sales of electricity from solar power generation rose significantly as the Company steadily commenced electricity sales. In addition, sales of biodiesel fuel were up year on year. The Company posted no sales results for the compact wind generation business. Consequently, segment sales came to JPY114 million (up 184.5% YoY), and segment income (operating income) was JPY22 million (a segment loss [operating loss] of JPY56 million in the same period of the previous year.)

In other segments, construction sales in the engineering business were down year on year in the first quarter. Sales were essentially flat year on year in the household water drinking business. As a result, segment sales were JPY443 million (down 8.6% YoY), and segment income (operating income) was JPY30 million (down 50.9% YoY).

Daiki Axis Co., Ltd. (4245, First Section, TSE) "Summary of Consolidated Financial Results for the Three Months Ended March 31, 2019" is available here:
Summary of Consolidated Financial Results for the Three Months Ended March 31, 2019

Release Disclaimer

This release is for the purpose of providing information to serve as a reference for investment decisions and not for the purpose of soliciting investment. Please you're your own judgment on final decisions such as investment policy, timing and selection. Please be advised that we do not assume any responsibility for damages caused by this service.

Release Inquiries
Borderless IR Co., Ltd.
Sixth Floor, Toyo Building 1-2-10 Nihonbashi, Chuo-ku, Tokyo 103-0027 JAPAN
TEL: +81-3-4588-6706

Borderless IR specializes in the global distribution of IR content, including the dissemination of newsletters and annual reports providing the latest information and main strengths of Japanese companies directly to overseas investors through leading global media, corporate information database services and mailing lists. Borderless is also engaged in supporting other global IR efforts.

©Borderless IR Co., Ltd. All rights reserved
The content of this release may not be duplicated or reproduced.

SOURCE Daiki Axis Co., Ltd.

Read more: Daiki Axis Co., Ltd. (4245, First Section, Tokyo...

HAUPPAUGE, N.Y., May 24, 2019 /PRNewswire/ -- There is nothing more memorable than your first summer as a pool owner. You have spent months, or even years, of planning and now the time has finally arrived to enjoy numerous lazy summer days by the pool. However, pool season is quick and fleeting in the grand scheme of the calendar year. Inground pool liners manufacturer, LOOP-LOC, discusses how new pool owners can make the most out of their first swimming pool season.

  • Plan poolside events. What better way to celebrate your newly open pool than with a party? Answer: there is none! Pools were meant for swimmers and parties bring swimmers, which is why the summer season is the best time to plan events for family and friends to enjoy your new backyard oasis. However, poolside events don't always mean parties, a poolside dinner with the immediate family is a great alternative to a party when looking for a low-key evening.
  • Extend your pool season. If you and your family can't get enough of pool season, try extending it. There are numerous options to help extend your pool season, whether that means opening your pool earlier or closing it later. However, if you decide to go that route think about investing in a pool heater. The warmer water will be a much-needed addition when trying to swim when the air is cooler. Either a gas heater or heat pump can help keep your pool water warm and inviting when the air begins to change.
  • Keep your pool clean. Pool season is already a limited-time engagement, no need to shorten the season with water chemical imbalances. For first-time pool owners, you'll want to remember to have your pool water tested constantly. Either professionally or at home, testing the chemical levels in your pool is imperative to a successful pool season. Remember, keeping the pool clean isn't just about the chemicals in your water, it is also about the filter. Don't forget to constantly check your filter and clean or replace cartridges when needed. A clean filter will help to keep clean water circulating throughout.

Pool season is fleeting, be sure to enjoy every moment of your first season as pool owner with these tips.

ABOUT LOOP-LOC: There's only one company known for manufacturing safety pool covers strong and tough enough to support an elephant: the legendary LOOP-LOC. LOOP-LOC is a global leader in the pool industry with a 200,000-square-foot headquarters in Hauppauge, New York, and 300 employees. Through its network of dealers, the company has sold safety swimming pool covers on every continent on Earth except Antarctica. LOOP-LOC now also manufactures a line of luxury in-ground pool liners—with more exclusive designer patterns than any other company—as well as the BABY-LOC removable fencing, a convenient, cost-effective additional layer of protection to help deter toddlers from gaining access to a swimming pool.


Related Links

Read more: Inground Pool Liners Manufacturer, LOOP-LOC,...

Growatt Co-founder and CEO David Ding welcomed guests at the event, "We would like to take this opportunity to thank all of our partners for your support all these years. Growatt highly values collaboration with local partners and are committed to providing better products and services. The opening of Rotterdam office is a further step in improving our customer services."

So far Growatt has become the No.2 inverter brand in the residential sector of Netherlands solar market and has become the main supplier for the iChoosr projects. After eight years of rapid growth, it's now increasing investments across Europe, establishing offices, hiring staff and launching marketing campaigns.

"We are now in a better position to expand our business activities. Like other branch offices, Rotterdam office is staffed with local Dutch speaking service engineers and we will be able to hold training sessions in the office for our customers as well," said Ramon Lee, Growatt EMEA Director. Moving forward, Growatt will deal directly with import Customs clearance and handle regulatory affairs.

"Our service will be greatly improved. We can keep and manage sufficient inventory in our warehouse and provide faster delivery of inverters or replacements. Customers can focus more on developing new projects and growing business together with us."

With such foundation, Lee is looking beyond Benelux countries. "Netherlands is the fifth country after Germany, Italy, Hungary and UK in Europe where we have established our branch offices. We will integrate our resources and build a network that will boost our sales across Europe. We have confidence in strong business growth in European region and we'll continue to increase our investments and work closely with our partners."

SOURCE Growatt

Related Links

Read more: Growatt Holds Grand Opening Ceremony for...

More Articles ...





SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter Gujarat Largest Rooftop Solar Event is Back in Ahmedabad -
Monday, 20 May 2019 06:35
SolarQuarter How did India solar tenders perform in 2018-19? Here's a snapshot! solarenergy solarnews energy…
Wednesday, 15 May 2019 20:12
SolarQuarter Who was awarded the maximum tenders in India in 2018-19? Here's a glimpse @SolarQuarter SolarQuarter…
Wednesday, 15 May 2019 00:29