Connect with us

News

QIAGEN N.V. Launches Non-US Offering of Cash Settled Convertible Notes Combined with Convertible Note Hedge and Warrant Transactions

gbafNews28

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. NOT FOR DISTRIBUTION TO ANY U.S. PERSON. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS PRESS RELEASE.

QIAGEN N.V. (NYSE: QGEN; Frankfurt Prime Standard: QIA) announced today its intention to launch the following series of transactions:

– The issue of new senior unsecured cash settled convertible notes (the “Notes“) outside the United States for $400 million aggregate principal amount; and

– The entry into derivative transactions to increase the effective conversion price of the Notes (the “Convertible Note Hedge and Warrant Transactions” as described below).

The Notes Offering

QIAGEN intends to issue the Notes in minimum denominations of $200,000, and in reliance on Regulation S through a private placement to institutional investors that are not U.S. persons only outside the United States of America, Canada, Australia and Japan.

The number of common shares of QIAGEN underlying the Notes will be up to 8.5 million, representing approximately 3.8% of the current outstanding shares (subject to any adjustment of the conversion ratio pursuant to the terms and conditions of the Notes). The company plans to issue the Notes with a maturity of 6 years.

The Notes will bear interest at an annual rate of 0.75% to 1.25%, payable semi-annually in arrear. The conversion price is expected to be set at a 27.5% to 32.5% premium over the Reference Share Price on the pricing date. The Reference Share Price will be equal to the volume weighted average price of the QIAGEN share between opening and close on the New York Stock Exchange on November 6, 2018.

The final terms of the Notes will be determined at final pricing, expected to occur on November 6, 2018. In the event of an exercise of their conversion right, Noteholders will receive a cash amount equivalent to the value of QIAGEN’s common shares underlying the Notes. No shares will be issued by QIAGEN upon conversion of the Notes. The expected settlement date of the Notes is November 13, 2018, and application will be made for the Notes to be admitted to trading on the Open Market (Freiverkehr) segment of the Frankfurt Stock Exchange.

The Convertible Note Hedge and Warrant Transactions

In connection with the Notes offering, QIAGEN intends to enter into privately negotiated convertible note hedge transactions with one or more joint bookrunners (the Joint Bookrunners) for the Notes offering or other financial institutions (the “dealers“) or their affiliates, initially covering the same number of QIAGEN’s common shares as underlie the Notes.

The convertible note hedge transactions will be cash settled upon exercise and are expected to offset any cash payments QIAGEN is required to make in excess of the principal amount of the Notes upon conversion. QIAGEN also intends to enter into separate privately negotiated warrant transactions with such dealers or their affiliates, initially covering the same number of QIAGEN’s common shares as underlie the Notes. The warrant transactions could separately have a dilutive effect with respect to QIAGEN’s common shares to the extent that the market price per share of QIAGEN’s common shares upon expiration of the warrants exceeds the strike price of the warrants, which is expected to be set around 145% of the Reference Share Price.

In connection with these Convertible Note Hedge and Warrant Transactions, such dealers or their affiliates expect to enter into various derivatives transactions and engage in other activities that could have the effect of increasing or preventing a decline in the price of QIAGEN’s common stock in connection with the pricing of the Notes offering. These activities may be discontinued at any time. In addition, from time to time and in connection with any conversion of the Notes, such dealers or their respective affiliates may enter into or unwind derivative transactions and engage in other activities that could adversely impact the price of QIAGEN’s common stock and of the Notes.

The net proceeds from these transactions are planned to be used for general corporate purposes, including the refinancing of existing indebtedness and the entry into the Convertible Note Hedge and Warrant Transactions.

Under the terms of the Notes offering, QIAGEN will agree not to sell any securities that are substantially similar to the Notes or its common shares for a lock-up period ending 90 days following the settlement date, subject to certain exceptions and waiver by the Joint Bookrunners.

###

About QIAGEN

QIAGEN N.V., a Netherlands-based holding company, is the leading global provider of Sample to Insight solutions that enable customers to gain valuable molecular insights from samples containing the building blocks of life. Our sample technologies isolate and process DNA, RNA and proteins from blood, tissue and other materials. Assay technologies make these biomolecules visible and ready for analysis. Bioinformatics software and knowledge bases interpret data to report relevant, actionable insights. Automation solutions tie these together in seamless and cost-effective workflows. QIAGEN provides solutions to more than 500,000 customers around the world in Molecular Diagnostics (human healthcare), Applied Testing (primarily forensics), Pharma (pharma and biotech companies) and Academia (life sciences research). As of September 30, 2018, QIAGEN employed approximately 4,900 people in over 35 locations worldwide. Further information can be found at https://www.qiagen.com.

Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. To the extent that any of the statements contained herein relating to QIAGEN’s products, launches, regulatory submissions, collaborations, markets, strategy, taxes or operating results, including without limitation its expected sales, adjusted net sales and adjusted diluted earnings per share results, are forward-looking, such statements are based on current expectations and assumptions that involve a number of uncertainties and risks. Such uncertainties and risks include, but are not limited to, risks associated with management of growth and international operations (including the effects of currency fluctuations, regulatory processes and dependence on logistics); variability of operating results and allocations between customer classes; the commercial development of markets for our products to customers in academia, pharma, applied testing and molecular diagnostics; changing relationships with customers, suppliers and strategic partners; competition; rapid or unexpected changes in technologies; fluctuations in demand for QIAGEN’s products (including fluctuations due to general economic conditions, the level and timing of customers’ funding, budgets and other factors); our ability to obtain regulatory approval of our products; difficulties in successfully adapting QIAGEN’s products to integrated solutions and producing such products; the ability of QIAGEN to identify and develop new products and to differentiate and protect our products from competitors’ products; market acceptance of QIAGEN’s new products and the integration of acquired technologies and businesses; and the other factors discussed under the heading Risk Factors contained in Item 3 of our most recent Annual Report on Form 20-F. For further information, please refer to the discussions in reports that QIAGEN has filed with, or furnished to, the U.S. Securities and Exchange Commission (SEC).

###

Disclaimer

The contents of this press release have been prepared by and are the sole responsibility of QIAGEN and the information contained in this press release is for background purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this press release or its accuracy, fairness or completeness.

The distribution of this press release and the offer and sale of the Notes in certain jurisdictions may be restricted by law. The Notes may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the Notes in such jurisdiction. No action has been taken by QIAGEN or any of the Joint Bookrunners or any of their respective affiliates that would permit an offering of the Notes or possession or distribution of this press release or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. Persons into whose possession this press release comes are required to inform themselves about and to observe any such restrictions.

This press release is for information purposes only and does not constitute or form a part of an offer to sell or a solicitation of an offer to purchase any security of QIAGEN in the United States or in any other jurisdiction where such offer or solicitation is unlawful. The Notes described in this press release have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any applicable state or foreign securities laws. The securities described in this press release may not be offered or sold in the United States or to any U.S. person absent registration or an exemption from the registration requirements of the Securities Act. There shall be no public offering of the Notes in the United States.

Neither this press release nor any copy of it may be taken, transmitted or distributed, directly or indirectly in or into the United States, Canada, Australia, Japan, South Africa or any other state or jurisdiction in which such action would be unlawful. Any failure to comply with this restriction may constitute a violation of United States, Canadian, Australian, Japanese, South African or other applicable securities laws.

For readers in the European Economic Area: In any EEA Member State that has implemented the Prospectus Directive, this communication is only addressed to and directed at qualified investors in that Member State within the meaning of the Prospectus Directive. The term “Prospectus Directive” means Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU, to the extent implemented in each relevant Member State), together with any relevant implementing measure in the relevant Member State.

For readers in the United Kingdom: This communication is being directed only at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) (“Investment professionals”) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) certain high value persons and entities who fall within Article 49(2)(a) to (d) (“High net worth companies, unincorporated associations etc.”) of the Order; or (iv) any other person to whom it may lawfully be communicated (all such persons in (i) to (iv) together being referred to as “relevant persons”). The Notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such Notes will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

The Joint Bookrunners are acting exclusively for QIAGEN and no-one else in connection with the offer and sale of the Notes (the “Offering”). They will not regard any other person as their respective clients in relation to the Offering and will not be responsible to anyone other than QIAGEN for providing the protections afforded to their respective clients, nor for providing advice in relation to the Offering, the contents of this announcement or any transaction, arrangement or other matter referred to herein.

In connection with the Offering, the Joint Bookrunners and any of their affiliates, may take up a portion of the Notes in the Offering as a principal position and in that capacity may retain, purchase, sell, offer to sell for their own accounts or for the accounts of their clients such Notes and other securities of the Company or related investments in connection with the Offering or otherwise. Accordingly, references herein to the Notes being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by, the Joint Bookrunners and any of their affiliates acting in such capacity. In addition, the Joint Bookrunners and any of their affiliates may enter into financing arrangements (including swaps or contracts for differences) with investors in connection with which the Joint Bookrunners and any of their affiliates may from time to time acquire, hold or dispose of Notes. The Joint Bookrunners do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so. In addition, each of the Joint Bookrunners and their respective subsidiaries and affiliates may perform services for, or solicit business from, the issuer or members of the issuer’s group, may make markets in the securities of such persons and/or have a position or effect transactions in such securities.

None of the Joint Bookrunners or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this press release (or whether any information has been omitted from the press release) or any other information relating to QIAGEN, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this press release or its contents or otherwise arising in connection therewith.

In connection with the Offering, the Joint Bookrunners, the derivative counterparties or their affiliates may, for their own account, enter into asset swaps, credit derivatives or other derivative transactions relating to the securities and the note hedge transactions and the warrant transaction and/or the underlying shares at the same time as the offer and sale of the securities or in secondary market transactions. The Joint Bookrunners, the derivative counterparties or any of their affiliates may from time to time and in connection with any conversion of the Notes, hold long or short positions in or buy and sell such securities or derivatives or the underlying shares. No disclosure will be made of any such positions. The amount of any such purchases will be determined at the time of pricing of the securities and will be subject to total demand received and final allocations.

In connection with the Offering and the convertible note hedge and warrant transactions, the Joint Bookrunners or their affiliates may, for their own account, enter into and/or unwind various derivative and other transactions and/or engage in other secondary market transactions relating to the Notes and/or the shares, during the remaining term of the Notes and upon conversion of the Notes. In connection with establishing their initial hedge positions with respect to the note hedge and warrant transactions, the derivatives counterparties or their respective affiliates expect to purchase some shares and/or enter into various derivative transactions with respect to shares concurrently with, or shortly after, the pricing of the Notes. These hedging activities could increase (or reduce the size of any decrease in) the market price of shares or the Notes. Following the pricing of the Notes and prior to the maturity of the Notes, the derivatives counterparties or their respective affiliates are likely to modify their hedge positions from time to time by entering into or unwinding derivative transactions with respect to shares or buying and selling shares or other securities of the issuer, including the Notes, in secondary market transactions. In addition, the derivative counterparties or their respective affiliates may modify their hedge positions in connection with any conversion of the Notes by unwinding various derivatives with respect to shares and/or selling shares or other securities of the issuer in secondary market transactions. these activities could decrease (or reduce the size of any increase in) the market price of shares or the Notes, which could affect the ability to convert the Notes and, to the extent the activity occurs during any calculation period related to a conversion of notes, could affect the amount of consideration that holders receive upon conversion of the Notes. The effect, if any, of these activities on the trading price of the Notes or the underlying shares will depend in part on market conditions and cannot be ascertained at this time. The Joint Bookrunners or any of their affiliates may from time to time hold long or short positions in, or buy and sell, such securities or derivatives or the underlying shares. No disclosure will be made of any such positions. The Joint Bookrunners are acting on behalf of the issuer and no one else in connection with the securities and will not be responsible to any other person for providing the protections afforded to clients of the Joint Bookrunners or for providing advice in relation to the securities.

MiFID II professionals / ECPs-only (all distribution channels) / No PRIIPs KID

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended (MiFID II); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the MiFID II Product Governance Requirements),manufacturers product approval process and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any manufacturer (for the purposes of the MIFID II Product Governance Requirements) may otherwise have with respect thereto, the Notes have been subject to a product approval process which has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, “MiFID II”); and (ii) all channels for distribution of the Notes to eligible counterparties and professional clients are appropriate, with potential investors in any trading in the secondary market having (1) at least informed knowledge and/or experience with financial products, (2) the ability to bear losses resulting from interest rate changes and no capital loss bearing capacity up to the invested capital if held to maturity (3) a low to medium risk profile, (4) a return profile preservation, growth, income and/or hedging as investment objective and (5) a medium term investment horizon. Any person subsequently offering, selling or recommending the Notes (a distributor) should take into consideration the manufacturers target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturers target market assessment) and determining appropriate distribution channels.

The target market assessment is without prejudice to the requirements of any contractual or legal selling restrictions in relation to any offering of the Notes. For the avoidance of doubt, the target market assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Notes.

The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (EEA). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; or (ii) a customer within the meaning of Directive 2002/92/EC (as amended or superseded, the Insurance Mediation Directive), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. Consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the PRIIPs Regulation) for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.

QIAGEN N.V.
John Gilardi, +49 2103 29 11711
Email: [email protected]

News

Long-Term Damage Happening to Canada’s Airlines: CUPE

gbafNews28

Monday’s financial update from Ottawa provided no support for Canada’s struggling airlines.

CUPE local 4070 represents 4,100 cabin crew members at WestJet and its affiliates. The union joined business, industry experts and others this week in sounding the alarm about the future of Canada’s airlines.

After months of inaction, Canada remains the only G7 country with no relief package for airlines,” said CUPE 4070 President Chris Rauenbusch.

“Our voices are raw from screaming about this issue: if the Liberals don’t do something immediately, Canada will be without airlines.” Rauenbusch said the Liberal approach of prioritizing regional service above all is the wrong approach. Rauenbusch said regional service thrives when airlines have thriving networks to connect to.

“Viewing regional service in isolation simply won’t work.”

Canadas airlines are losing market-share to well-supported carriers from around the world,” said Rauenbusch. “Over 100,000 Canadians employed by airlines are waiting for action, and we’re not seeing anything.

In a statement this week, the National Airlines Council of Canada (NACC) said, This lack of action does not reflect the economic importance of the sector to Canada’s overall recovery, nor the need to ensure Canada’s largest carriers can continue to compete internationally.

“If the Liberals keep ignoring the airline sector, we will never return to work,” said Rauenbusch. “And Canadians will travel on foreign carriers supported by foreign governments. This is not how we return our country to stability.

LA/meaa/COPE 458

Lou Arab

Communications Representative

780.271.2722

Continue Reading

News

Protegrity Partners With Servian, Expanding Global Reach in Australia and New Zealand

gbafNews28

Protegrity, the data-security solutions provider, has partnered with Servian, one of Australias leading IT consultancies, to deliver effective data protection to companies across Australia and New Zealand (ANZ) that are implementing AI, analytics, customer engagement, and cloud solutions. A primary objective for Protegrity and Servian is securing data for companies using Snowflake, a cloud data platform provider and Protegrity partner. Snowflake has grown rapidly in the ANZ market and its partnership with Protegrity enables customers to deploy Protegrity’s data de-identification technology to protect any data housed in Snowflake’s managed cloud data warehouse. Servian and Protegrity will also work with joint customers to ensure compliance with evolving data privacy regulations and uphold the privacy of individuals while empowering companies to unlock the full potential of their data.

Protegritys data protection offerings are closely aligned with our mission to enable customers to use data and analytics to further establish their competitive advantage, said Tristan Sander, Partner at Servian. We look forward to working with Protegrity to deliver market-leading data security solutions to our customers.

Protegrity has witnessed a growing demand for data security solutions in ANZ as companies in the region have become increasingly mindful of how they manage their data and comply with GDPR and other codified expectations “ including the Australian Privacy Principles Act and the Asia Pacific Economic Cooperation (APEC) Cross Border Privacy Rules (CBPR) “ to protect customer privacy. The prominent expansion of Snowflake in ANZ has also contributed to Protegritys visibility in the region. Protegrity for Snowflake provides the control businesses need to protect data in the cloud beyond encryption and data masking. With Protegrity’s format-preserving data protection, data and analytics professionals can perform analytics directly on de-identified data without having to unprotect or re-identify the data.

Weve seen an increasing demand from companies in the ANZ region who are implementing AI, analytics, and cloud technologies, said Protegrity President and CEO Rick Farnell. Protegrity is purpose-built for hybrid-cloud and multi-cloud environments and our proven data-protection capabilities enable businesses to extract intelligence-driven insights from their most sensitive data and deliver better customer experiences. Together, Protegrity, Servian, and Snowflake are embarking on a journey to safely accelerate the democratization of data, allowing our mutual customers to further their innovation while protecting sensitive data “ no matter where it resides.

Register today for an on-demand webinar with Protegrity, Servian, and Snowflake to learn how this partnership gives companies the confidence to use and share data across business lines while reducing the risk of breaches of sensitive data.

Follow Protegrity

Website: protegrity.com

Twitter: @Protegrity

LinkedIn: linkedin.com/company/protegrity/

About Protegrity

Protegrity, a global leader in data security, protects sensitive data everywhere and future-proofs businesses as data-privacy regulations evolve. Maintaining privacy today across distributed data has become impossibly complicated. With Protegrity, enterprises can secure data wherever it resides, control how its protected, and have confidence that data is safe, even if a breach occurs. The Protegrity Data Protection Platform is a modern alternative to traditionally complex data-protection methods that leave gaps in security. Whether encrypting, tokenizing, or applying privacy models, Protegrity protects data at the speed of business. Deep integrations with Snowflake, Amazon Redshift, Teradata, Oracle, Microsoft SQL Server, Cloudera, Databricks, and many other enterprise applications ensure that data remains fully protected in hybrid-cloud, multi-cloud, and on-premises environments without performance penalties. The platforms fine-grained data protection anonymizes personally identifiable information (PII) thats used in AI and machine learning models, providing faster access to critical analytics data and dramatically shortening the time to business insights. Protegrity protects the sensitive data of over one billion individuals across global enterprises, including five of the worlds 40 largest banks, five out of 10 of the top health insurance providers, and three of the worlds leading multinational companies. With more than two decades of industry-leading innovation, Protegrity allows businesses to finally tap into the value of their data and accelerate digital transformation timelines “ without jeopardizing individuals fundamental right to privacy.

Andrew Smith

Bhava Communications for Protegrity

[email protected]

310-941-7251

Continue Reading

News

To Help Fleet Customers Make the Switch to Electric Vehicles, PG&E Introduces EV Fleet Savings Calculator

gbafNews28

Today, Pacific Gas and Electric Company (PG&E) announced a new online tool for companies and organizations considering transitioning their fleets to electric vehicles (EVs). PG&Es new EV Fleet Savings Calculator allows business customers and public agencies with medium- to heavy-duty fleet vehicles to explore EV investment estimates based on their own fleet sizes, infrastructure, budget and other factors.

Transportation is the single largest source of climate-related pollution in California, contributing to 41% of greenhouse-gas emissions across the state. Heavy- and medium-duty vehicles often use diesel, which is a highly polluting fuel. EVs are four times more efficient than diesel and natural gas engines and offer significant fuel cost savings.

Expanding the use of electric vehicles is essential for California to achieve its bold climate and clean-air goals. PG&E has been an active partner in helping make EVs an option for millions of Californians, including for our business and public agency customers who are transitioning their fleets to electric vehicles. Reducing vehicle emissions is good for our state and good for the environment in which we all live,” said PG&E Corporation Interim CEO Bill Smith.

PG&Es own commitment to further electrify its vehicle fleet by 2030 includes 100% of its light-duty fleet, 10% of its medium-duty fleet and 5% of its heavy-duty fleet.

In addition to the new EV Fleet Savings Calculator, PG&E offers business and public agency customers innovative rate options as well as its EV charging infrastructure program for fleets.

PG&Es New Tool for Electrifying Medium- and Heavy-Duty Fleet Vehicles

For customers with fleets that are making the transition to electric, an essential step in the process is understanding the costs and potential cost savings when deploying EVs. PG&Es new EV Fleet Savings Calculator, using calculations based on PG&Es new Business EV Rate, allows business and public agency customers to evaluate their fleet plans by analyzing how much they can save by switching to EVs.

The tool helps customers better understand key total cost of ownership factors including incentives, energy costs, infrastructure considerations and participation in Californias statewide Low Carbon Fuel Standard (LCFS). After customers input information on vehicles and usage, the tool offers recommendations for charging infrastructure, charging schedule based on fleet needs, how much they can save on fuel costs, revenue they could generate from LCFS, and estimated reductions in greenhouse-gas emissions.

PG&Es Business EV Rate

This year, PG&E launched its new Business EV Rate to support charging needs for businesses and public agencies, as well as apartment buildings and other public locations. On average, EV customers on the new rate can save up to 40% on charging costs compared to previous rate options, although actual bill impacts will vary for each customer depending on types of vehicles and charging patterns.

Customers on PG&Es Business EV Rate achieve cost savings through a new feature called a subscription charge, which allows customers to choose the amount of kilowatt power they need for their charging stations, similar to choosing a data plan for a phone bill. This subscription charge can be much lower than current rate options, and allows customers to have simpler, more consistent monthly costs.

On the Business EV Rate, customers pay for the electricity used by the EV chargers and the monthly subscription charge. Customers can always adjust their subscription levels up or down to meet their changing needs for EV charging.

Access to more affordable rates and greater bill certainty will help innovative California businesses make new investments in EV charging infrastructure and expand their EV fleets. Learn more at pge.com/businessevrate

PG&Es EV Fleet Program

PG&Es EV Fleet program helps customers with medium-duty, heavy-duty and off-road fleets begin to transition their fleet vehicles to clean electricity to save money, eliminate tailpipe emissions and simplify maintenance. By 2024, the program aims to help more than 700 organizations deploy more than 6,500 EVs across numerous medium- and heavy-duty fleet categories.

Through the EV Fleet program, PG&E builds the electrical infrastructure for customers medium- to heavy-duty EVs from the utility pole (electric service) to the customer meter or to the charger depending on which ownership option the customer chooses. PG&E comprehensively helps customers across all facets of EV charging including available incentives and rebates, site design and permitting, construction and activation, and maintenance and upgrades.

Customers are encouraged to reach out to PG&E early as they consider electrifying their fleets. Customers can submit an interest form and learn more at pge.com/evfleet.

PG&E Ongoing Support for EV Customers

Today, approximately 303,000 EVs are registered in PG&Es service area “ roughly one in every five EVs in the nation. PG&E continues to make it easier for customers to consider EVs through special rates, a total cost of ownership tool, and rebates, as well as the construction of a charging infrastructure through its EV Charge Network, EV Fleet and EV Fast Charge programs. These programs are each working toward the states larger goals of 250,000 charging stations, including 10,000 fast chargers, and 200 hydrogen fueling stations statewide by 2025.

To learn more about PG&Es support for customers with EVs, rates for EV drivers and other resources, visit pge.com/ev.

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 23,000 employees, the company delivers some of the nation’s cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.

MEDIA RELATIONS:

415-973-5930

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
gbafNews28 gbafNews28
News17 mins ago

Long-Term Damage Happening to Canada’s Airlines: CUPE

Monday’s financial update from Ottawa provided no support for Canada’s struggling airlines. CUPE local 4070 represents 4,100 cabin crew members...

gbafNews28 gbafNews28
News25 mins ago

To Help Fleet Customers Make the Switch to Electric Vehicles, PG&E Introduces EV Fleet Savings Calculator

Today, Pacific Gas and Electric Company (PG&E) announced a new online tool for companies and organizations considering transitioning their fleets...

gbafNews28 gbafNews28
News25 mins ago

Protegrity Partners With Servian, Expanding Global Reach in Australia and New Zealand

Protegrity, the data-security solutions provider, has partnered with Servian, one of Australias leading IT consultancies, to deliver effective data protection...

gbafNews28 gbafNews28
News29 mins ago

KBRA Releases Research – 2020 Atlantic Hurricane Season the Stormiest on Record

Kroll Bond Rating Agency (KBRA) releases research on the 2020 Atlantic hurricane season, which officially ended on November 30. KBRA...

gbafNews28 gbafNews28
News30 mins ago

Summit Bank Recognized as Top Small Business Administration (SBA) Community Bank Lender in Oregon

Results are in for U.S. Small Business Administration (SBA) loans in Oregon, and Summit Bank (OTC Pink: SBKO) continues to...

gbafNews28 gbafNews28
News31 mins ago

Peiffer Wolf: As Holiday Home DNA Kit Bombshells Loom, Here Are the 6 Things Every Potential Victim of “Baby God”-like Fertility Fraud Needs to Know

With the holiday gift-giving season just weeks away, families should be prepared for potentially major shock waves if there are...

gbafNews28 gbafNews28
News34 mins ago

Ceramic Market Procurement Report | Roadmap to Recovery for Businesses from the Impact of COVID-19 Pandemic | SpendEdge

The new Ceramic market research report from SpendEdge indicates an incremental growth during the forecast period as the business impact...

gbafNews28 gbafNews28
News42 mins ago

Amicalola EMC Partners with ETC to Help Bridge the State’s Digital Divide

Efforts to provide broadband in unserved areas of Georgia have taken another big step forward with a joint announcement in...

gbafNews28 gbafNews28
News50 mins ago

Steele Expands Industry-Leading Risk Data & Insights Platform Through info4c Acquisition

Steele Compliance Solutions, Inc., the global leader in ethics and compliance management for the worlds largest multinational enterprises and financial...

gbafNews28 gbafNews28
News59 mins ago

KBRA Assigns Preliminary Ratings to ABPCI Direct Lending Fund ABS I Ltd

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to two classes of notes issued by ABPCI Direct Lending Fund ABS...