Tag: 3BL

STAMFORD, Conn., August 13, 2024 /3BL/ – Webster Bank, together with the Hispanic Coalition of Greater Waterbury, celebrated the opening of the Webster Bank/Hispanic Coalition Finance Lab, a program created to provide students the skills needed for financial empowerment and future financial well-being. The program is funded by a $100,000 grant from Webster and is Webster’s fifth Finance Lab location. By year end, Webster will have invested $1.7m into its Finance Lab initiative throughout the footprint.

The Webster/Hispanic Coalition Finance Lab is part of a signature initiative designed to help Webster’s partners in low- to moderate-income (LMI) communities expand financial empowerment and improve financial literacy for youth. The Hispanic Coalition grant funds will be used to help high school students improve their skills to develop strategies for financial success. Students will be recruited via community outreach and referrals through the Coalition’s partnership with Waterbury Public Schools.

“We are proud to partner with the Hispanic Coalition to open our third Finance Lab in Connecticut in Webster’s founding city of Waterbury,” said Marissa Weidner, Chief Corporate Responsibility Officer at Webster Bank. “Webster is committed to investing in programs that broaden financial empowerment opportunities, help build our future workforce and offer Waterbury youth the tools and resources to learn more about finance and prepare themselves and their families for a healthy financial future.”

In October, Webster will celebrate the opening of its sixth Finance Lab with the Taunton (Mass.) Area School to Career (TASC); the Bank expects to expand the initiative further in 2025.

“Webster Bank, committed to their founding purpose, continues to place their community first and genuinely respond to the ever-changing needs of our residents. Our unique and innovative partnership has established a Webster Finance Lab, which provides students access to a community based and life-changing opportunity to achieve future financial success,” said Victor Lopez, executive director of the Hispanic Coalition of Greater Waterbury Inc.

In existence since 1988, the Hispanic Coalition has more than three decades of social services experience in the greater Waterbury area and is a principal leader for bilingual services, advocacy, collaboration, education and policy development in the Latino community.

Local and state dignitaries, including Waterbury Mayor Paul Pernerewski Jr. joined Webster leaders to officially open the program housed at the Coalition’s location on Mill Street. The participants will engage in hands-on learning opportunities including job shadowing, internships, and sessions with mentors from Webster Bank.

About Webster

Webster Bank (“Webster”) is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and Healthcare Financial Services, one of the country’s largest providers of employee benefits and administration of medical insurance claim settlements solutions. Webster is a values-driven organization headquartered in Stamford, CT, with $76 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.

Contact Information

Media Contact: 
Elaine K. Ficarra 
eficarra@websterbank.com 
203.913.2716

Investor Contact: 
Emlen Harmon 
eharmon@websterbank.com 
212.309.7646

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New $40 million project improves wastewater treatment for San Francisco Bay and environmental compliance and odor control for the Richmond community Three-year construction project brings substantial improvements to wastewater treatment and odor control systems at Richmond Water Pollution Control Plant

RICHMOND, MA, August 13, 2024 /3BL/ – Veolia North America, the leading provider of environmental solutions in the U.S. and Canada, unveiled major upgrades to the Richmond Water Pollution Control Plant to the public, showcasing the results of a three-year, $40 million construction project that will improve wastewater treatment, environmental compliance and odor control for the city of Richmond and nearby communities on San Francisco Bay.

Veolia has operated Richmond’s wastewater treatment plant for more than two decades, and the construction project marks a significant step forward in modernizing the plant’s ability to effectively treat the city’s wastewater and protect its environment. Veolia welcomed local community leaders and neighbors to the plant for an open house today to see the results of this work and to learn how this infrastructure investment will improve their surroundings.

“Veolia is proud to be a key partner to the city of Richmond as it continually improves its infrastructure and its resiliency for the future,” said Karine Rougé, CEO for Municipal Water at Veolia North America, who attended the open house. “These vital improvements will make a significant impact in how the wastewater treatment plant functions in the community, by improving the quality of treated water released into San Francisco Bay, delivering more efficient operations to the city, and better controlling the odors produced by the wastewater treatment process.”

The wastewater system improvements are expected to provide additional environmental and financial benefits to Richmond, as more efficient equipment will require less energy and lower levels of chemical treatment to operate, reducing the city’s costs as well as its greenhouse gas emissions. These achievements exemplify the goals of Veolia’s global GreenUp strategy, which strives to lead the ecological transformation of the planet by accelerating water quality improvement, decarbonization and technological innovation. Some 61% of Americans are concerned that worsening climate conditions may result in a deterioration of their quality of life, according to Veolia’s Barometer of Ecological Transformation survey, and projects which respond to ecological threats while also addressing infrastructure needs help build long-term solutions for the environment and public health.

The Richmond Water Pollution Control Plant construction project replaced outdated or ineffective equipment used in major functions at the plant:

Fine screens – Two new mechanical fine screens were installed to filter out trash, rags and other larger debris from the wastewater stream. This prevents that material from clogging pipes and pumps, and potentially polluting the San Francisco Bay.Vortex grit removal system – Grit and sand settles at the bottom of wastewater treatment tanks, where it can cause wear and tear on machinery. The new grit removal system allows those fine materials to be easily separated from wastewater.Biofilter – Gases released by the wastewater treatment process are captured and forced through a new filtration system. Many layers of porous materials in the biofilter promote the growth of specialized microorganisms that break down the odor-causing compounds.Blower building – a new structure holds powerful mechanical turbo blowers, which ingest outside air that is diffused into wastewater to promote the treatment process.Aeration basins – a new system in the bottom of wastewater treatment tanks diffuses air into the water as fine bubbles, rather than the previous mechanical mixing system. These fine bubble diffusers are more consistent, efficient and resilient than the prior system.

The completion of this construction project marks another milestone for Veolia’s partnership with Richmond, in which Veolia is responsible for operating and maintaining the city’s wastewater treatment plant, sewer system and stormwater collection system. Since the partnership began in 2002, the city’s environmental performance has improved significantly.

ABOUT VEOLIA NORTH AMERICA 
A subsidiary of Veolia Group, Veolia North America (VNA) offers a full spectrum of water, waste and energy management services, including water and wastewater treatment, commercial and hazardous waste collection and disposal, energy consulting and resource recovery. VNA helps commercial, industrial, healthcare, higher education and municipality customers throughout North America. Headquartered in Boston, Mass., Veolia North America has more than 10,000 employees working at more than 350 locations across the continent. 
www.veolianorthamerica.com

ABOUT VEOLIA 
Veolia’s ambition is to become the benchmark company for ecological transformation. With nearly 218,000 employees on five continents, the Group designs and deploys useful, practical solutions for managing water, waste and energy that help to radically change the world. Through its three complementary activities, Veolia contributes to developing access to resources, preserving available resources and renewing them. In 2023, the Veolia group served 113 million people with drinking water and 103 million with wastewater services, produced 42 terawatt-hours of energy and recovered 63 million metric tons of waste. Veolia Environnement (Paris Euronext: VIE) generated consolidated sales of €45.3 billion in 2023. 
www.veolia.com

New $40 million project improves wastewater treatment for San Francisco Bay and environmental compliance and odor control for the Richmond community Three-year construction project brings substantial improvements to wastewater treatment and odor control systems at Richmond Water Pollution Control Plant

RICHMOND, MA, August 13, 2024 /3BL/ – Veolia North America, the leading provider of environmental solutions in the U.S. and Canada, unveiled major upgrades to the Richmond Water Pollution Control Plant to the public, showcasing the results of a three-year, $40 million construction project that will improve wastewater treatment, environmental compliance and odor control for the city of Richmond and nearby communities on San Francisco Bay.

Veolia has operated Richmond’s wastewater treatment plant for more than two decades, and the construction project marks a significant step forward in modernizing the plant’s ability to effectively treat the city’s wastewater and protect its environment. Veolia welcomed local community leaders and neighbors to the plant for an open house today to see the results of this work and to learn how this infrastructure investment will improve their surroundings.

“Veolia is proud to be a key partner to the city of Richmond as it continually improves its infrastructure and its resiliency for the future,” said Karine Rougé, CEO for Municipal Water at Veolia North America, who attended the open house. “These vital improvements will make a significant impact in how the wastewater treatment plant functions in the community, by improving the quality of treated water released into San Francisco Bay, delivering more efficient operations to the city, and better controlling the odors produced by the wastewater treatment process.”

The wastewater system improvements are expected to provide additional environmental and financial benefits to Richmond, as more efficient equipment will require less energy and lower levels of chemical treatment to operate, reducing the city’s costs as well as its greenhouse gas emissions. These achievements exemplify the goals of Veolia’s global GreenUp strategy, which strives to lead the ecological transformation of the planet by accelerating water quality improvement, decarbonization and technological innovation. Some 61% of Americans are concerned that worsening climate conditions may result in a deterioration of their quality of life, according to Veolia’s Barometer of Ecological Transformation survey, and projects which respond to ecological threats while also addressing infrastructure needs help build long-term solutions for the environment and public health.

The Richmond Water Pollution Control Plant construction project replaced outdated or ineffective equipment used in major functions at the plant:

Fine screens – Two new mechanical fine screens were installed to filter out trash, rags and other larger debris from the wastewater stream. This prevents that material from clogging pipes and pumps, and potentially polluting the San Francisco Bay.Vortex grit removal system – Grit and sand settles at the bottom of wastewater treatment tanks, where it can cause wear and tear on machinery. The new grit removal system allows those fine materials to be easily separated from wastewater.Biofilter – Gases released by the wastewater treatment process are captured and forced through a new filtration system. Many layers of porous materials in the biofilter promote the growth of specialized microorganisms that break down the odor-causing compounds.Blower building – a new structure holds powerful mechanical turbo blowers, which ingest outside air that is diffused into wastewater to promote the treatment process.Aeration basins – a new system in the bottom of wastewater treatment tanks diffuses air into the water as fine bubbles, rather than the previous mechanical mixing system. These fine bubble diffusers are more consistent, efficient and resilient than the prior system.

The completion of this construction project marks another milestone for Veolia’s partnership with Richmond, in which Veolia is responsible for operating and maintaining the city’s wastewater treatment plant, sewer system and stormwater collection system. Since the partnership began in 2002, the city’s environmental performance has improved significantly.

ABOUT VEOLIA NORTH AMERICA 
A subsidiary of Veolia Group, Veolia North America (VNA) offers a full spectrum of water, waste and energy management services, including water and wastewater treatment, commercial and hazardous waste collection and disposal, energy consulting and resource recovery. VNA helps commercial, industrial, healthcare, higher education and municipality customers throughout North America. Headquartered in Boston, Mass., Veolia North America has more than 10,000 employees working at more than 350 locations across the continent. 
www.veolianorthamerica.com

ABOUT VEOLIA 
Veolia’s ambition is to become the benchmark company for ecological transformation. With nearly 218,000 employees on five continents, the Group designs and deploys useful, practical solutions for managing water, waste and energy that help to radically change the world. Through its three complementary activities, Veolia contributes to developing access to resources, preserving available resources and renewing them. In 2023, the Veolia group served 113 million people with drinking water and 103 million with wastewater services, produced 42 terawatt-hours of energy and recovered 63 million metric tons of waste. Veolia Environnement (Paris Euronext: VIE) generated consolidated sales of €45.3 billion in 2023. 
www.veolia.com

In 2026—two years from now—the United States will celebrate its 250th birthday, making it the perfect time to show America some love by sprucing up neighborhoods across the country. Since 1953, the nonprofit Keep America Beautiful has been inspiring and working alongside people nationwide to beautify their communities.

Keep America Beautiful is inviting everyone to join the Greatest American Cleanup. In addition to calling upon individuals, families, clubs, and community groups, Keep America Beautiful is rallying 25,000 local governments and leaders across the country to commit to a declaration of independence from litter, calling on everyone to plant trees, clean up litter, and improve recycling practices. Importantly, this effort transcends party lines, bringing people together in a time of political divisiveness to pursue a common goal.

We invited Jennifer Lawson, President and CEO of Keep America Beautiful, to introduce the Greatest American Cleanup and share how the organization will inspire people to contribute to a cleaner, greener, and more beautiful country.

Listen for insights on:

How you can get involved in the Greatest American CleanupMaintaining relevance and impact as a nonprofit for 70+ yearsPositioning and leading an organization that transcends partisan divides

Listen to this and other episodes of Purpose 360 Podcast here.

Purpose 360 Podcast is a masterclass in unlocking the potential of purpose to ignite business and social impact. Hosted by Carol Cone, CEO of Carol Cone ON PURPOSE, Purpose 360 illuminates the impact of purpose, from engaging employees and fostering deeper consumer loyalty to inspiring product innovation and increasing market share.

Carol Cone ON PURPOSE (CCOP) is a pioneering social impact consultancy helping companies, brands, and nonprofits harness the power of purpose to advance their business and societal impact. CCOP’s proven approach, developed over decades and hundreds of purpose assignments, meets clients at any point on their purpose journey to unlock opportunities to build reputation, inspire and engage employees, ignite organizational culture for innovation and growth, while supporting the greater good.

In 2026—two years from now—the United States will celebrate its 250th birthday, making it the perfect time to show America some love by sprucing up neighborhoods across the country. Since 1953, the nonprofit Keep America Beautiful has been inspiring and working alongside people nationwide to beautify their communities.

Keep America Beautiful is inviting everyone to join the Greatest American Cleanup. In addition to calling upon individuals, families, clubs, and community groups, Keep America Beautiful is rallying 25,000 local governments and leaders across the country to commit to a declaration of independence from litter, calling on everyone to plant trees, clean up litter, and improve recycling practices. Importantly, this effort transcends party lines, bringing people together in a time of political divisiveness to pursue a common goal.

We invited Jennifer Lawson, President and CEO of Keep America Beautiful, to introduce the Greatest American Cleanup and share how the organization will inspire people to contribute to a cleaner, greener, and more beautiful country.

Listen for insights on:

How you can get involved in the Greatest American CleanupMaintaining relevance and impact as a nonprofit for 70+ yearsPositioning and leading an organization that transcends partisan divides

Listen to this and other episodes of Purpose 360 Podcast here.

Purpose 360 Podcast is a masterclass in unlocking the potential of purpose to ignite business and social impact. Hosted by Carol Cone, CEO of Carol Cone ON PURPOSE, Purpose 360 illuminates the impact of purpose, from engaging employees and fostering deeper consumer loyalty to inspiring product innovation and increasing market share.

Carol Cone ON PURPOSE (CCOP) is a pioneering social impact consultancy helping companies, brands, and nonprofits harness the power of purpose to advance their business and societal impact. CCOP’s proven approach, developed over decades and hundreds of purpose assignments, meets clients at any point on their purpose journey to unlock opportunities to build reputation, inspire and engage employees, ignite organizational culture for innovation and growth, while supporting the greater good.

ProsperityME, located in Portland and Lewiston Maine, has received a $15,000 grant from KeyBank Foundation to support its mission of empowering members of Maine’s refugee and immigrant communities through financial education and counseling. Founded by Claude Rwaganje, an immigrant from the Democratic Republic of the Congo, ProsperityME aims to empower the “new Mainer” community to invest in themselves in order to build financial stability, careers, businesses, and wealth. Services include financial education and counseling, workforce development programs, business support services, Individual Development Accounts (IDA) for savings, scholarship opportunities and housing support. ProsperityME’s programs are available to low-income individuals of any nationality.

“We are grateful to KeyBank for its partnership in helping new Mainers invest in their future. We know that newcomers cannot succeed without a supportive community of donors, financial institutions, and employers who understand that by supporting immigrants, we are growing the economy of Maine,” said ProsperityME Founder and Executive Director Claude Rwaganje. Specifically, KeyBank’s funding will help provide financial literacy and education programs, including Basic Money Management and Saving to Build Wealth, which teaches ProsperityME clients about the U.S. financial system, budgeting, and saving.

“The core of KeyBank’s existence as a community bank is our commitment to equipping individuals, families and businesses with financial services, guidance and confidence they need to be successful, contributing members of our community,” said KeyBank Market President Tony DiSotto. “We are proud to support ProsperityME in their efforts to empower our newest neighbors with essential financial skills and education in a supportive environment to help them thrive personally and professionally in Maine.”

Formed in 2008, ProsperityME has offered over 300 courses and workshops and help more than 10,000 newcomers and low-income families to build a better future. This number includes financial and college planning sessions for thousands of individuals, and hundreds of families who have received housing assistance. Their clients come from over twenty countries, the majority from Angola, Burundi, the Democratic Republic of the Congo, Iraq, Rwanda, Somalia, and Sudan. With the foreign-born population in Maine increasing annually, ProsperityME anticipates serving 4,000 immigrants residing in the Greater Portland and Lewiston areas this year. Through their programs, clients are empowered to open bank accounts, get hired for work, and start saving for their future. ProsperityME also helps their clients secure stable housing, start new businesses, and achieve their higher education goals. For more information on ProsperityME visit https://prosperityme.org/.

KeyBank Foundation grants are part of a $40 billion commitment for lending and investments across Key’s national footprint established in 2017 and supporting affordable housing and community development projects, home, and small business lending in low- and-moderate income communities, and philanthropic efforts targeted toward education, workforce development, and safe, vital neighborhoods. For more information on KeyBank Foundation KeyBank Foundation | KeyBank

ProsperityME, located in Portland and Lewiston Maine, has received a $15,000 grant from KeyBank Foundation to support its mission of empowering members of Maine’s refugee and immigrant communities through financial education and counseling. Founded by Claude Rwaganje, an immigrant from the Democratic Republic of the Congo, ProsperityME aims to empower the “new Mainer” community to invest in themselves in order to build financial stability, careers, businesses, and wealth. Services include financial education and counseling, workforce development programs, business support services, Individual Development Accounts (IDA) for savings, scholarship opportunities and housing support. ProsperityME’s programs are available to low-income individuals of any nationality.

“We are grateful to KeyBank for its partnership in helping new Mainers invest in their future. We know that newcomers cannot succeed without a supportive community of donors, financial institutions, and employers who understand that by supporting immigrants, we are growing the economy of Maine,” said ProsperityME Founder and Executive Director Claude Rwaganje. Specifically, KeyBank’s funding will help provide financial literacy and education programs, including Basic Money Management and Saving to Build Wealth, which teaches ProsperityME clients about the U.S. financial system, budgeting, and saving.

“The core of KeyBank’s existence as a community bank is our commitment to equipping individuals, families and businesses with financial services, guidance and confidence they need to be successful, contributing members of our community,” said KeyBank Market President Tony DiSotto. “We are proud to support ProsperityME in their efforts to empower our newest neighbors with essential financial skills and education in a supportive environment to help them thrive personally and professionally in Maine.”

Formed in 2008, ProsperityME has offered over 300 courses and workshops and help more than 10,000 newcomers and low-income families to build a better future. This number includes financial and college planning sessions for thousands of individuals, and hundreds of families who have received housing assistance. Their clients come from over twenty countries, the majority from Angola, Burundi, the Democratic Republic of the Congo, Iraq, Rwanda, Somalia, and Sudan. With the foreign-born population in Maine increasing annually, ProsperityME anticipates serving 4,000 immigrants residing in the Greater Portland and Lewiston areas this year. Through their programs, clients are empowered to open bank accounts, get hired for work, and start saving for their future. ProsperityME also helps their clients secure stable housing, start new businesses, and achieve their higher education goals. For more information on ProsperityME visit https://prosperityme.org/.

KeyBank Foundation grants are part of a $40 billion commitment for lending and investments across Key’s national footprint established in 2017 and supporting affordable housing and community development projects, home, and small business lending in low- and-moderate income communities, and philanthropic efforts targeted toward education, workforce development, and safe, vital neighborhoods. For more information on KeyBank Foundation KeyBank Foundation | KeyBank

CHARLOTTE, N.C., AUGUST 13, 2024 /3BL Media/ – Glen Clark, CEO of DP World in the U.S./Mexico and Regional Head of Contract Logistics, has been accepted into the Fast Company Executive Board, a vetted professional organization of company founders and senior executives passionate about the future of business.

Clark was selected to join the community based on his proven expertise in global logistics and supply chains. With over three decades of experience in the field, Clark has been instrumental in pioneering innovative and sustainable logistics solutions that have significantly enhanced global trade dynamics, particularly between the U.S. and Mexico. As a member, he joins industry-leading peers in technology, media, corporate leadership, nonprofit, and social responsibility, among other sectors.

Glen Clark, CEO of DP World in the U.S./Mexico and Regional Head of Contract Logistics, said: “I am honored to join the Fast Company Executive Board, a platform that champions the intersection of business innovation and sustainability. This role offers a unique opportunity to contribute to shaping the future of business by integrating progressive logistics strategies.”

Founded in 2021, Fast Company Executive Board members have access to a curated network of company founders and senior executives through the private online platform. They help one another solve business challenges, make connections, and share information through lively discussions, virtual events, and online meetups.

“At DP World, we aim to transform the logistics sector by not only enhancing global trade efficiency but by ensuring our operations contribute positively to both environmental and economic sustainability.” Clark added. “I look forward to collaborating with fellow board members and sharing insights that drive our industries forward in responsible and innovative ways.”

As a member of the Board, Clark has access to a variety of exclusive opportunities designed to help accelerate his professional influence and drive DP World’s presence forward in North America. He will be invited to share his professional insights in original bylined articles and contribute to Expert Panels on FastCompany.com. Additional benefits include access to personal and professional growth opportunities and invitations to VIP educational experiences.

Learn more at https://board.fastcompany.com

– END –

DP World Americas Media Contact:

Melina Vissat, Head of Communications 
M: (+1) 704-605-6159 
E: melina.vissat@dpworld.com

About DP World 

Trade is the lifeblood of the global economy, creating opportunities and improving the quality of life for people around the world. DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally.

With a dedicated, diverse and professional team of more than 111,000 employees from 159 nationalities, spanning 77 countries on six continents, DP World is pushing trade further and faster towards a seamless supply chain that’s fit for the future.

We’re rapidly transforming and integrating our businesses — Ports and Terminals, Marine Services, Logistics and Technology – and uniting our global infrastructure with local expertise to create stronger, more efficient end-to-end supply chain solutions that can change the way the world trades.

What’s more, we’re reshaping the future by investing in innovation. From intelligent delivery systems to automated warehouse stacking, we’re at the cutting edge of disruptive technology, pushing the sector towards better ways to trade, minimising disruptions from the factory floor to the customer’s door.

WE MAKE TRADE FLOW 
TO CHANGE WHAT’S POSSIBLE FOR EVERYONE.

CHARLOTTE, N.C., AUGUST 13, 2024 /3BL Media/ – Glen Clark, CEO of DP World in the U.S./Mexico and Regional Head of Contract Logistics, has been accepted into the Fast Company Executive Board, a vetted professional organization of company founders and senior executives passionate about the future of business.

Clark was selected to join the community based on his proven expertise in global logistics and supply chains. With over three decades of experience in the field, Clark has been instrumental in pioneering innovative and sustainable logistics solutions that have significantly enhanced global trade dynamics, particularly between the U.S. and Mexico. As a member, he joins industry-leading peers in technology, media, corporate leadership, nonprofit, and social responsibility, among other sectors.

Glen Clark, CEO of DP World in the U.S./Mexico and Regional Head of Contract Logistics, said: “I am honored to join the Fast Company Executive Board, a platform that champions the intersection of business innovation and sustainability. This role offers a unique opportunity to contribute to shaping the future of business by integrating progressive logistics strategies.”

Founded in 2021, Fast Company Executive Board members have access to a curated network of company founders and senior executives through the private online platform. They help one another solve business challenges, make connections, and share information through lively discussions, virtual events, and online meetups.

“At DP World, we aim to transform the logistics sector by not only enhancing global trade efficiency but by ensuring our operations contribute positively to both environmental and economic sustainability.” Clark added. “I look forward to collaborating with fellow board members and sharing insights that drive our industries forward in responsible and innovative ways.”

As a member of the Board, Clark has access to a variety of exclusive opportunities designed to help accelerate his professional influence and drive DP World’s presence forward in North America. He will be invited to share his professional insights in original bylined articles and contribute to Expert Panels on FastCompany.com. Additional benefits include access to personal and professional growth opportunities and invitations to VIP educational experiences.

Learn more at https://board.fastcompany.com

– END –

DP World Americas Media Contact:

Melina Vissat, Head of Communications 
M: (+1) 704-605-6159 
E: melina.vissat@dpworld.com

About DP World 

Trade is the lifeblood of the global economy, creating opportunities and improving the quality of life for people around the world. DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally.

With a dedicated, diverse and professional team of more than 111,000 employees from 159 nationalities, spanning 77 countries on six continents, DP World is pushing trade further and faster towards a seamless supply chain that’s fit for the future.

We’re rapidly transforming and integrating our businesses — Ports and Terminals, Marine Services, Logistics and Technology – and uniting our global infrastructure with local expertise to create stronger, more efficient end-to-end supply chain solutions that can change the way the world trades.

What’s more, we’re reshaping the future by investing in innovation. From intelligent delivery systems to automated warehouse stacking, we’re at the cutting edge of disruptive technology, pushing the sector towards better ways to trade, minimising disruptions from the factory floor to the customer’s door.

WE MAKE TRADE FLOW 
TO CHANGE WHAT’S POSSIBLE FOR EVERYONE.

If approved, home energy bills would decrease 13.8%Company continues to connect customers to financial assistance and offer cost-saving tools

GREENVILLE, S.C., August 13, 2024 /3BL/ – Duke Energy Carolinas is seeking to reduce customer bills to account for the cost of fuel used to generate electricity for South Carolina homes and businesses. If approved by the Public Service Commission of South Carolina (PSCSC), today’s average monthly residential bill would decrease by 13.8%.

The total monthly impact of these rate changes for a residential customer using 1,000 kilowatt-hours (kWh) per month would be a decrease of $19.60, from $142.23 to $122.63.

If approved by the PSCSC, rates for commercial customers would decrease 13.8% and rates for industrial customers would decrease 16.2%. The specific impact to individual customers will vary according to many factors including electric usage and customer profile dynamics.

If approved, the decrease to customer bills would begin in November and significantly offset the previously announced base rate increase approved by the PSCSC in July.

The PSCSC will consider new fuel rates in a public evidentiary hearing where it will also hear the results of an extensive audit and inquiries of the parties involved in the case to ensure an accurate adjustment is made to billed rates.

Duke Energy Carolinas serves about 660,000 households and businesses primarily in the Upstate of South Carolina, including Greenville, Spartanburg and Anderson counties. The company’s other South Carolina utility – Duke Energy Progress – made its annual fuel filing in April.

Why bills will decrease

Duke Energy Carolinas makes a fuel cost-recovery filing annually in South Carolina. The fuel rate is based on the projected cost of fuel used to provide electric service to the company’s customers, plus a true up of the prior year’s projection compared to actual costs incurred. The PSCSC reviews fuel costs and adjusts the fuel component of customer rates accordingly. Each year, this true-up proceeding is intended to resolve the difference between projected fuel costs, and what is actually billed to the customer.

The decrease for customer bills in this year’s request is primarily driven by the decreased cost of natural gas year over year, plus a reduced true-up component since the previous fuel cost-recovery filing.

Duke Energy Carolinas makes no profit from the fuel component of rates – actual costs are passed through directly to customers.

Helping customers save

Customers struggling to pay their energy bills might qualify for assistance from various government and nonprofit programs for utility bills and other household expenses, or from the Share the Light Fund, a Duke Energy program that provides energy assistance. Duke Energy also offers programs and resources to help customers, as well as flexible payment arrangements to help customers experiencing uncertainty keep their accounts in good standing.

To help all customers take control of their energy use, Duke Energy offers energy-saving tips and innovative efficiency programs for every budget. For example, the Home Energy House Call is a free in-home energy assessment that provides customers more information about how they use energy and strategies to save money on their monthly bill. To learn more about these programs, visit duke-energy.com/savings.

Duke Energy Carolinas

Duke Energy Carolinas, a subsidiary of Duke Energy, owns 20,700 megawatts of energy capacity, supplying electricity to 2.9 million residential, commercial and industrial customers across a 24,000-square-mile service area in North Carolina and South Carolina.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. The company’s electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.

Duke Energy is executing an ambitious clean energy transition, keeping reliability, affordability and accessibility at the forefront as the company works toward net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company is investing in major electric grid upgrades and cleaner generation, including expanded energy storage, renewables, natural gas and nuclear.

More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.

24-Hour media line: 800.559.3853

View original content here.