During Tuesday’s afternoon trade, Shares of Exelon Corporation (NYSE:EXC), gained 0.40% to $33.95.
Exelon Corporation, was recognized for its environmental performance by ranking No. 61 among the 500 largest publicly traded companies in the U.S. and in the top five among utilities in the 2015 Newsweek Green Rankings. The company ranked No. 105 among the 500 largest publicly traded companies worldwide, up from No. 116 in 2014.
“Exelon has focused since its founding on being committed to operating in ways that minimize impacts to the environment,” said Chris Gould, senior vice president and chief sustainability officer of Exelon. “A major part of our business involves assisting customers make smarter use of energy and investing in new and existing sources of clean energy. The Newsweek Green Rankings are recognition of our continued commitment to sustainability.”
Newsweek’s Green Rankings evaluate the world’s largest companies by market value and rate them based on a variety of corporate sustainability and environmental factors, such as energy, carbon, water and waste productivity. The rankings also consider company reputation and board-level oversight. The rankings are the result of analysis conducted by Newsweek and independent research firms Corporate Knights Capital and HIP Investor Inc.
Exelon Corporation, a utility services holding company, engages in the energy generation and delivery businesses in the United States. It owns electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, in addition to wind and solar photovoltaic facilities.
Shares of DryShips, Inc. (NASDAQ:DRYS), inclined 0.58% to $0.73, during its current trading session.
DryShips, declared the results of its 2015 Annual General Meeting of Shareholders.
The following proposals were approved and adopted at the Meeting:
- the election of Mr. George Xiradakis as Class B Director of the Company to serve until the 2018 Annual General Meeting of Shareholders; and
- the approval of the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A., as the Company’s independent auditors for the fiscal year ending December 31, 2015.
DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes, and offshore deepwater drilling services. The company operates through Drybulk, Tanker, and Drilling segments. The Drybulk segment provides drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries. The Drilling segment offers ultra deep water drilling services.
Finally, Enterprise Products Partners L.P. (NYSE:EPD), lost -0.17%, and is now trading at $31.96.
Enterprise Products Partners, declared it has executed definitive agreements to purchase all of the member interests in EFS Midstream LLC from associates of Pioneer Natural Resources Company (“Pioneer”) and Reliance Industries Limited for $2.15 billion. The purchase price will be paid in two installments with the first installment of $1.15 billion paid at closing and the final installment of $1.0 billion paid no later than the first anniversary of the closing date.
“We are happy to declare the acquisition of EFS Midstream,” said Michael A. Creel, chief executive officer of Enterprise’s general partner. “This purchase and the associated long-term, fee-based agreements expand our relationship with Pioneer and Reliance and broaden the midstream services that we provide to them. This ‘bolt on’ acquisition extends our integrated system deeper into the NGL and condensate rich areas of the Eagle Ford, which will provide us with the ability to offer services to additional producers and enhance volumes on our system,” continued Creel.
“The minimum volume commitments support annual revenue growth and cash flow assurance. We expect the transaction to be right away accretive to distributable cash flow. Attracting volumes from additional producers and incremental cash flows earned by our downstream system, would further improve our distributable cash flow accretion,” stated Creel.
Completion of this transaction is subject to customary regulatory approvals and closing conditions. The transaction is predictable to close in the third quarter of 2015.
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Its NGL Pipelines & Services segment provides natural gas processing and related NGL marketing services, in addition to import and export terminal services.
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