Latest news with #CommunityReliefFund
CBS News
07-08-2025
- Business
- CBS News
ComEd $10 million Community Relief Fund closes for all applications
ComEd has officially closed its $10 million Community Relief Fund to all applications, with more than half of the money already awarded through one-time grants. ComEd launched the fund in early July as a supplier rate hike drove up electricity bills for ComEd customers. Low- and middle-income customers were eligible for $500 one-time grants for individuals and $1,000 one-time grants for nonprofit organizations. By mid-July, ComEd said they had already received more than 60,000 applications. At the beginning of August, the utility said it received about 77,000 applications in the first three weeks, and have closed the fund to future applications. As of Aug. 5, ComEd said $5.5 million in grants have already been approved for approximately 15,000 residential and nonprofit customers. The utility said those customers should get notification and credit on their electric bills in the next one to two billing cycles. ComEd emphasized they want to work with customers in need of bill assistance in other ways until they launch their Low-Income Discount program, which will help eligible customers get a percentage of their bill discounted based on their income level. That program is set to launch in January 2026. Please note: The above video is from a previous report.
Yahoo
30-06-2025
- Business
- Yahoo
Hudbay Resumes Snow Lake Operations After Wildfire Evacuation Order
Hudbay Minerals Inc. (NYSE:HBM) is among the 11 Best Copper Stocks to Buy Now. It has restarted operations in Snow Lake after the evacuation order was removed on June 14, 2025. An aerial view of a copper mine, showing the intricate workings of heavy machinery. The Lalor mine has resumed mining, with a focus on gold zones. The Stall concentrator is projected to reach full output shortly, while the New Britannia mill is anticipated to reach full production soon. The Snow Lake and Flin Flon facilities at Hudbay Minerals Inc. (NYSE:HBM) were unharmed structurally. The business anticipates meeting its 2025 Manitoba production projection despite the ongoing evacuations of Flin Flon. Hudbay Minerals Inc. (NYSE:HBM) activated emergency measures during the wildfire disaster and raised its funding to more than $2 million. This includes a $500,000 payment to the Canadian Red Cross and $1.6 million for employees who were evacuated. Furthermore, a Community Relief Fund was established, which doubled the amount of employee donations. Hudbay Minerals Inc. (NYSE:HBM) upheld its infrastructure, sent out outside firefighters, and found housing for displaced workers. Rob Carter, senior vice president, highlighted the company's dedication to supporting impacted communities and collaborating with local authorities on recovery. It is one of the best copper stocks. While we acknowledge the potential of HBM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
