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For Customers Adjusting to COVID-19 Restrictions, PG&E Offers Ways to Reduce Energy Use and Bills

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Pacific Gas and Electric Company (PG&E) continues to monitor the impacts of COVID-19 across its 48-county service area. As the pandemic impacts our local communities, we understand the potential for increasing financial struggles facing our customers as schools and businesses close. With more people remaining at home for extended periods of time, households may see an increase in energy use.

Working from home, while caring for children and youth, adds stress in an already anxious environment. At PG&E, we know that electric and gas usage will likely increase for many customers as they practice social distancing and stay at home. We want to help customers with common-sense advice and easy-to-use tips to reduce the impacts on their budgets, said Laurie Giammona, PG&Es Chief Customer Officer and a Senior Vice President.

PG&E is committed to providing safe and reliable energy and ensuring business continuity in these challenging times. We are not currently experiencing any disruptions to delivering gas and electric service to our customers.

Actions to Support Customers

In its continuing response to the COVID-19 pandemic, PG&E is supporting customers with the following actions:

  • PG&E voluntarily implemented a moratorium on service disconnections for non-payment. This suspension applies to both residential and commercial customers and will remain in effect until further notice.
  • For the cities and counties that have a shelter-in-place order, PG&E will not perform work that requires a clearance resulting in a planned outage that impacts customers. If theres critical work that requires a planned outage, it will be elevated for resolution.
  • For the cities and counties without a shelter-in-place order, PG&E will not perform work that requires a clearance resulting in a planned outage that impacts customers with the exception of Wildfire Mitigation Program work. We will work to minimize customer impact, if possible, with temporary construction or generation. If there is critical work that requires a planned outage, it will be elevated for resolution.
  • It has formally activated its Emergency Operations Center to facilitate and coordinate the companys response to the spread of the virus. The company has had an Incident Management Team monitoring and responding to the virus for three weeks.

Tips, Tools and Programs to Save Energy and Money

Here are some tips and easy-to-use resources to help manage your home energy usage during this difficult time.

Heating and cooling

  • Recommended thermostat temperatures, health permitting, are 68°F when home and awake, and 58°F when away or asleep.
  • Consider wearing a sweater or using a blanket to stay warm.
  • Evaluate conditions before turning on central heating. If the household is gathered in one room, maybe use an electric space heater. Remember to first read and follow all safety guidelines.
  • Warm your home naturally by opening blinds and windows during sunnier hours.

Electronics, appliances and lighting

  • Use computer sleep and hibernate modes, which can be activated through your computers power settings.
  • Plug all personal electronics into a power strip and simply turn off the power strip when electronics arent in use.
  • When not in use, unplug small appliances and electronics, like coffee makers and printers.
  • Open blinds and window coverings and use natural light instead of lamps.

TV and game consoles

  • Turn down the brightness of your TV. Factory settings are typically brighter than needed.
  • Use Energy Saving features. There are eco or energy-saving settings that automatically adjust backlight and disable certain features, like voice commands when in standby mode.
  • Use smaller screens, like tablets, to stream media.
  • Completely turn off TVs and game consoles.

More tips, tools and resources

  • Talk to household members about an energy-savings plan. Engage kids and have them turn lights and electronics off or shut doors behind them.

Keeping Customers and Employees Safe by Closing Service Centers

All PG&Es customer service centers where customers normally pay their bills closed on Tuesday, March 17. Customers who typically pay their bills at one of these centers can call 1-877-704-8470, mail payments to PG&E, P.O. Box 997300, Sacramento, CA 95899, or go to pge.com to learn how to pay online or to find nearby Neighborhood Payment Centers.

The safety and health of our customers, employees and communities we serve is our primary responsibility. We have instructed our employees who have direct customer contact to take social distancing precautionary measures, such as avoiding handshakes and wearing disposable nitrile gloves while in customers’ homes. We are committed to continue addressing customer service needs.

No disruption in gas or electric service is anticipated due to the public health crisis. Please visit ww.pge.com/covid19/ to read more about PG&Es response to the virus.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nations cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.

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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Velodyne Lidar, Inc. – VLDR

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NEW YORK, Feb. 23, 2021 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Velodyne Lidar, Inc. (“Velodyne Lidar” or the “Company”) (NASDAQ:  VLDR).   Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.

The investigation concerns whether Velodyne Lidar and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On February 22, 2021, Velodyne Lidar issued a press release entitled “Velodyne Lidar Announces Changes to Board of Directors and Management Team; Names New Chairman and Chief Marketing Officer”.  The press release stated, in relevant part, “that Dr. Joseph B. Culkin, PhD, who has served as a member of Velodyne Lidar's Board of Directors since September 2016, has been appointed Chairman of the Board, effective immediately, succeeding David Hall” and “that Sally Frykman, Chief Communications Officer, has been appointed to the additional role of Chief Marketing Officer, effective immediately, replacing Marta Thoma Hall.”  The press release further stated that “[t]hese actions follow the completion of an investigation by the fully independent Audit Committee of the Company's Board of Directors, which commenced in December 2020.  The investigation was aided by independent legal counsel, Keker, Van Nest & Peters LLP, and reviewed certain statements and conduct by David Hall and Marta Thoma Hall.  The investigation concluded that Mr. Hall and Ms. Hall each behaved inappropriately with regard to Board and Company processes, and failed to operate with respect, honesty, integrity, and candor in their dealings with Company officers and directors.  Accordingly, the Board approved remedial actions including the removal of Mr. Hall as Chairman of the Board and the termination of Ms. Hall as an employee of the Company” and “also formally censured both Mr. Hall and Ms. Hall, and directed them both to receive appropriate remedial training.” 

On this news, Velodyne Lidar's stock stock price fell $3.14 per share, or 14.87%, to close at $17.97 per share on February 22, 2020.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]

Cision View original content:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-velodyne-lidar-inc—vldr-301234107.html

SOURCE Pomerantz LLP

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Vermont Captive Insurance Recognizes George Chaffee, Pioneer of Captive Industry

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MONTPELIER, Vt., Feb. 23, 2021 /PRNewswire-PRWeb/ — The Agency of Commerce and Community Development (ACCD) and the Department of Financial Regulation (DFR) today recognized George Chaffee after his passing on February 6, 2021. George became Deputy Commissioner of the then Banking and Insurance Department in 1977 and was appointed by Governor Richard Snelling as Commissioner of the department on March 21, 1980. While Commissioner, George introduced landmark legislation in 1981 that allowed for the creation of the captive insurance industry in Vermont by making the state a domicile option for companies around the world.

“While I didn't have the privilege of knowing him personally, by all accounts, George Chaffee was a tireless public servant and Vermonters will continue to benefit from his contributions to our state for decades to come. I join ACCD, DFR and many Vermonters honoring his service and memory.” said Governor Phil Scott.

Since the passing of the captive insurance legislation 40 years ago, Vermont has become a prominent leader in the industry, ranked first nationally and third globally with over 1200 licensed captive insurance companies to date. The captive industry has directly created approximately 400 jobs in Vermont and contributed about $96 million to the State's Gross Domestic Product.

Vermont is considered by the captive industry to be the 'Gold Standard' due to the expert regulatory staff, the vast infrastructure of service providers in Vermont, and the strong support of the legislature, all of which can be attributed to the work and vision of George Chaffee,” said Deputy Commissioner of Captive Insurance, David Provost.

George Chaffee's dedication to the captive industry went beyond his time in public service. George was also the former president and founding board member of the Vermont Insurance Institute at Champlain College, established to train accountants to work in the specialized field of insurance accounting. It is now known as the International Center for Captive Insurance Education at the University of Vermont and is the first educational initiative in the nation designed for captive insurance professionals. Additionally, George was the founding director of the Vermont Captive Insurance Association, today the world's largest captive insurance association with 426 members.

Jeff Johnson, former Commissioner of Banking, Insurance and Securities, today working in the captive industry as a lawyer and shareholder at Primmer Piper Eggleston & Cramer PC, worked with George often throughout his career. He said when reflecting on the formation of the industry, “George was dedicated to recruiting companies to Vermont to form a captive. He would take the time to show them around Montpelier and introduce them to the Governor. Prospective companies were impressed beyond words at the time and attention given to them. It set a tone that has distinguished Vermont apart from other domiciles from the very beginning.”

George's family has asked that donations be made in his name to the Rokeby Museum in Ferrisburgh, Vermont.

About Vermont Captive Insurance

Captive insurance is a regulated form of self-insurance that has existed since the 1960's and has been a part of the Vermont insurance industry since 1981, when Vermont passed the Special Insurer Act. Captive insurance companies are formed by companies or groups of companies as a form of alternative insurance to better manage their own risk. Captives are commonly used for corporate lines of insurance such as property, general liability, products liability, or professional liability.

Connect with the Vermont Department of Financial Regulation on Twitter, Facebook, and on our website.

Media Contact

Mark Crow, Tenth Crow Creative, +1 8023386321, [email protected]

 

SOURCE Vermont Captive Insurance

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AKJ Acquisition of FMG Malta Ltd.

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HAMILTON, Bermuda, Feb. 24, 2021 /PRNewswire/ — AK Jensen Group (“AKJ”), the leading provider of turnkey trading and infrastructure solutions for fund managers, today announced the acquisition of FMG Malta Ltd. (“FMG”), a full scope Alternative Investment Fund Manager (AIFM) for both traditional and crypto hedge funds.

The acquisition, which is subject to regulatory approval by the Malta Financial Services Authority, allows AKJ to acquire a supplemental regulatory structure providing a Brexit pathway, distribution network and established client base.  Additionally, the transaction will allow FMG members to utilize AKJ's turnkey hedge fund offering for the benefit of their clients.

In discussing the transaction, Anders Kvamme Jensen, CEO of AKJ, said: “FMG has a 30+ year pedigree of providing creative solutions for sophisticated fund managers.  We look forward to working with the team within our ever-expanding ecosystem, bringing an array of clever products to the marketplace.”

Johan G. Kahm, Founding Partner of FMG, added: “We are thrilled to be working with AKJ. We bring a lot of expertise from our many years of structuring fund products, including our more recent expansion into digital assets. It will be exciting to contribute to our shared goal of building AKJ into the preferred destination for fund managers in Europe and abroad.”

About AK Jensen Group

AK Jensen Group Limited and its subsidiaries, established in 1995, is owned by shareholders who collectively have over US$18 billion in assets under management. The group serves hedge fund and institutional clients in 35 countries around the world.  Its services include a full-service platform for hedge fund managers including fund formation, legal and regulatory infrastructure, trading systems, back office support, and seed capital.

For more information about AK Jensen Group please visit: https://www.akj.com.    

 

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