During Monday’s current trade, PG&E Corporation (NYSE:PCG)’s shares decline -1.07% to $49.71.
PG&E Corporation (PCG) wants parents to know that the company offers savings and safety tips year-round, but summer is a great time for families to learn ways to save energy and money. It’s also a good opportunity to teach children how to stay safe around electricity and natural gas.
Summertime Energy and Money Saving Tips
PG&E wants customers to know that summer can be better when we save together and offers customers even more ways to save. Energy usage is the second largest source of greenhouse gas emissions in California and by taking steps to save, parents and students can all be part of the solution to reduce the impacts of climate change.
- Avoid using the oven on hot days. Instead, cook on the stove, use a microwave oven, or grill outside.
- Save on cooling costs by setting your thermostat to 78°F when you’re at home, health permitting. Set it to 85°F when you’re away for more than a few hours.
- If possible, enjoy an afternoon out at the pool, park or local library. You can also visit your community cooling centers.
- Wait until cooler times of the day to do tasks that make your house warmer, like laundry and cooking.
- If you turn your ceiling fan on when using the air conditioner, you can raise your thermostat about 4°F to save on cooling costs with no reduction in comfort.
- Turn off lights when not in use.
PG&E Corporation, through its partner, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California.
Goldman Sachs Group Inc (NYSE:GS)‘s shares drop -0.97% to $211.00, during the current trading session Monday’s, hitting its highest level.
Goldman Sachs Group Inc (GS) has raised more than $1bn from its wealthy individual clients for a fund that will invest in fast-growing private companies, as the global market for unlisted company fundraising gathers pace.
The fund, named Global Private Opportunities Partners II, is three times the size of a similar one Goldman rose in 2011. It will pursue minority investments in global growth companies, across sectors.
The fund is being offered to clients of the US bank’s wealth administration division, which has a minimum account size of $10m and an average account balance of $40m, and partners of the firm.
In 2000, the median tech company was five years old before going public, according to Goldman. By 2014, the median tech company was 11 years old before floating, reflecting how companies were increasingly opting to raise hundreds of millions of dollars privately at high valuations without having to endure the scrutiny that comes with an initial public offering.
Private fundraising rounds were once dominated by venture capitalists, but now hedge funds and mutual funds crop up regularly as participants in these types of deals. Family offices and private investors are also clamoring for access, because they believe much of the rapid price appreciation is occurring while these companies are still private.
The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company worldwide. The company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, such as strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, including public offerings and private placements of a range of securities and other financial instruments, as well as derivative transactions entered into with public and private sector clients.
In a afternoon trade, HealthSouth Corp (NYSE:HLS)‘s shares plunge -0.17% to $46.72.
HealthSouth Corp (HLS) declared it has reached a definitive agreement to acquire the operations of Reliant Hospital Partners, LLC and associated entities (“Reliant”) for a cash purchase price of $730 million. Reliant operates a portfolio of 11 inpatient rehabilitation hospitals in Texas, Massachusetts and Ohio, plus three inpatient satellite locations in Massachusetts for a total of 902 beds. Based on the structure of the transaction, HealthSouth anticipates to realize a tax benefit with an estimated net present value of about $125 million to $150 million. The transaction was approved by both companies’ boards of directors and is predictable to close in 2015. HealthSouth anticipates to fund the transaction with cash on hand and senior debt.
All of the Reliant hospitals are leased, and seven of the leases are treated as capital leases for accounting purposes. HealthSouth will assume the lease obligations of all the attained hospitals. The amount of the capital lease obligation to be recognized on HealthSouth’s balance sheet upon closing is subject to the final purchase price allocation and is preliminarily estimated at about $210 million. In 2014, Reliant’s operations generated revenues of about $249 million and Adjusted EBITDA of about $82 million. The acquisition of the operations of Reliant is predictable to be right away accretive, not taking into account transaction costs, to HealthSouth’s earnings per share following closing.
HealthSouth Corporation owns and operates inpatient rehabilitation hospitals in the United States. The company provides specialized rehabilitative treatment on an inpatient and outpatient basis. Its inpatient rehabilitation hospitals offer specialized rehabilitative care services to patients in various disabilities or injuries due to medical conditions, such as strokes, hip fractures, and various debilitating neurological conditions.
Williams Partners LP (NYSE:WPZ), during its Monday’s current trading session 0.91% gain and closed at $52.30.
EV Energy Partners, L.P. (EVEP) declared it has closed the formerly declared sale of its entire 21 percent interest in Utica East Ohio Midstream L.L.C., (UEO), to Utica Gas Services, L.L.C., a partner of Williams Partners L.P. (WPZ), and M3 Ohio Gathering LLC, for total cash consideration of $575 million. EVEP’s net capital contribution to UEO was about $294 million.
EVEP intends to initially use the net proceeds of the disposition to repay all amounts outstanding under its revolving credit facility and to hold the remainder accessible for future activities. Availability under the revolving credit facility may be used to fund future activities, counting acquisitions of oil and natural gas properties.
Williams Partners L.P., an energy infrastructure company, focuses on connecting North Americas hydrocarbon resource plays to growing markets for natural gas and natural gas liquids (NGL). It operates in Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services segments.
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