UIUC Investment Management Academy’s Post

With Enbridge’s acquisition of new U.S. natural gas utilities, we’re now the largest integrated natural gas utility in North America with infrastructure, employees and customers across Ohio, Utah, Idaho, Wyoming and North Carolina, as well as in Ontario and Quebec. Enbridge Gas utilities now have a combined seven million customers! That’s a big number, but we have a continued focus on the safe and reliable delivery of energy that fuels businesses and heats homes across the continent. Expanding the utility business allows us to leverage the strengths of each company while delivering the energy our customers need and want. Amazingly, our collective franchise network now consists of 178,002 kilometres (110,606 miles) of gas transmission, transportation and distribution mainlines, and 103,726 kilometres (64,453 miles) of service lines. On Nov. 5, the Empire Club of Canada is welcoming Michele Harradence, EVP and President, Gas Distribution and Storage, Enbridge Inc., for her first major address since the acquisition. Harradence will outline how to attract much-needed energy investments to Ontario and beyond. Visit https://lnkd.in/echdw-iz to register to watch the event virtually. #Investment #EnergyEvolution #NaturalGas #ONPoli Empire Club of Canada

In the Energy industry, where physical assets reign supreme, the interplay between contracts and assets forms the bedrock of operational efficiency and profitability. From sprawling pipelines to wind farms, the assets within the industry encompass a diverse range of structures and equipment. At the heart of managing these assets lies a complex web of contracts, each intricately linked to the performance and lifecycle of the assets they govern. https://hubs.ly/Q02MPxw90

Clear policy direction on the role of natural gas and lower-carbon fuels in Ontario’s energy system is critical to provide clarity to utilities, regulators, investors, and customers, said Heidi Bredenholler-Prasad, Vice President Commercial, Strategy, and Business Development at Enbridge Gas. She was speaking at the Canadian Gas Association’s Energy Nexus Conference as part of a panel entitled “Regulating Tomorrow: The Future of Gas Energy Regulation.” Bredenholler-Prasad said, “Our industry needs an efficient regulatory process where we can have certainty that we can deliver energy projects to support housing growth and economic growth.” She added it’s important the economic regulator protects customers from risk, not progress, as companies make advancements and investments in energy infrastructure and technologies. Bredenholler-Prasad was joined on the panel by Dave Forestell, Vice President, Canada External Relations, TC Energy, and Amanda Ward, Vice President, Regulatory, Legal & Gas Supply, Pacific Northern Gas. Michael Cleland, Executive in Residence, Positive Energy Program University of Ottawa and past President of the Canadian Gas Association, moderated the panel. #EnergyFuture #Regulatory #CGAEnergyNexus Dave Forestell Amanda Ward Pacific Northern Gas Ltd. TC Energy Canadian Gas Association

Next Tuesday, open to all: Join ACP and other industry experts as they break down the landmark FERC Transmission Planning rule that was released earlier this week. Speakers include: - Carrie Zalewski, VP of Markets & Transmission, ACP - Gabe Tabak, Senior Counsel, ACP - Kristen Golden, General Counsel & VP of Strategy, Grid United - Sarah Webster, Senior Vice President, External Affairs & Market Development, Pattern Energy Group - Brett White, VP of Regulatory Affairs, Pine Gate Renewables Register to join us from 1- 2 PM ET on May 21 to discuss the details of the rule, its implementation plan, the significance of this ruling, and identify areas requiring further elaboration or improvements: https://bit.ly/3wC4WEH

Big news coming out of FERC today. Given the critical importance of transmission buildout to the energy transition, this is a big deal.

The Healey-Driscoll Administration announced over $3.5 million in grants for offshore wind workforce infrastructure, recruitment, and training in Massachusetts. The Massachusetts Clean Energy Center (MassCEC) awarded seven organizations through its Offshore Wind Works Program to enhance the state’s workforce capabilities. These funds will support various training and development programs at Bristol Community College, Ironworkers Local 7, and Massachusetts Maritime Academy. These efforts aim to prepare a local workforce to support offshore wind projects and Massachusetts's broader clean energy transition. #OffshoreWind #CleanEnergy #Massachusetts Link to the full story below: https://bit.ly/3yxSvu3 ----------------------------------------------------------------------------- Neeeco increases energy savings by making your homes energy-efficient. 🏠 ✅

Ready to Deliver: Substation Solutions for New England’s Clean Energy Grid The Power Up New England initiative represents a major leap in the region’s energy future. As the demand for clean energy grows, robust and reliable infrastructure is essential to support this transformation. At Empire Energy Offshore, we understand that none of this happens without the right points of interconnection. Our expertise in designing and building onshore substations ensures that new substations in Southeast Massachusetts and Southeast Connecticut can seamlessly integrate up to 4,800 megawatts of additional offshore wind into New England’s grid. Our experience and commitment to excellence guarantee that ambitious energy projects are supported by the infrastructure they need to succeed. Transforming an EPA brownfield site into a hub for clean energy storage shows the power of smart, sustainable development. We applaud the U.S. Department of Energy and all involved in making this project happen. As New England’s energy landscape evolves, Empire Energy Partners is here to build the critical substations that keep it all running smoothly. #EnergyTransformation #GridInfrastructure #SubstationExcellence #EmpireEnergyOffshore #CleanEnergyLeadership

Yesterday, our President & CEO Mike Crawley joined BNN Bloomberg’s Andrew Bell to discuss Northland’s Q1 results and our three major projects in construction as well as the outlook for the clean energy sector, what’s driving the continued growth in demand and how Northland is diversifying our energy mix to strengthen Canada’s clean energy grid. Watch the full segment here: https://bit.ly/3WH6x6R #renewableenergy #offshorewind #batteryenergystorage

In the past year, Bernhard Capital Partners has announced over $3 billion in agreements to acquire natural gas distribution systems from significant utilities across the Gulf South and New Mexico. Our strategy of investing in critical services and infrastructure that enhance community resilience, combined with the divestiture of natural gas assets as part of the energy transition, has uniquely positioned our team to invest in energy assets that promote a cleaner, more sustainable future. Read more from Managing Director Julius Bedford in the November 2024 Institutional Real Estate Americas issue, where he discusses how BCP is opportunistically acquiring regulated natural gas assets to power community resilience.

In Caldwell County, Texas, a groundbreaking event marked the beginning of construction for a new natural gas "peaker plant" in Maxwell, near San Marcos. This plant, the second of its kind in Texas, is designed to activate during peak grid demand periods, contributing an additional 380 megawatts of power to the Electric Reliability Council of Texas (ERCOT) grid, sufficient to support about 38,000 homes. Managed by the Lower Colorado River Authority, the facility is expected to be operational by 2025, taking advantage of new incentives offered through the $10 billion Texas Energy Fund. The fund aims to support the completion of projects that address the state's growing power supply needs, with the Lower Colorado River Authority potentially earning $10-20 million in state incentives if completion targets are met. This initiative is part of a broader effort to enhance the resilience and capacity of the Texas power grid following the catastrophic grid failure in February 2021. Over the last year, Texas has increased the ERCOT grid's capacity by 3,800 megawatts and plans to add another 7,300 megawatts in the upcoming year, significantly boosting the state's ability to meet the energy needs of over two million homes during peak periods. The push for additional "dispatchable" power sources, such as natural gas, which can be readily activated on demand, has been highlighted as essential to supplement the state's reliance on renewable energy sources like solar and wind, which are subject to variability based on weather conditions. https://lnkd.in/g8Pc23Jm