Latest news with #JeffMartin
Associated Press
28-05-2025
- Business
- Associated Press
ROTH Announces the Addition of Kyle Bauser, Ph.D. to its Healthcare Research Team
NEWPORT BEACH, Calif., May 28, 2025 (GLOBE NEWSWIRE) -- via IBN – Roth Capital Partners ('ROTH'), today announced Kyle Bauser, Ph.D., as Managing Director, Senior Research Analyst. Dr. Bauser has joined the firm's healthcare research team, covering the medical technology sector. He has over a decade of MedTech experience across equity research and industry. Dr. Bauser began his career in MedTech equity research over 12 years ago at Piper Sandler. He later worked in marketing and corporate development at Vascular Solutions before returning to research at Dougherty & Co, where he became Managing Director and Co-Head of Equity Capital Markets. His research primarily focuses on small- to mid-cap and underfollowed companies with novel technologies. He studied Mathematical Economics and Pre-Med at Colorado College as an undergraduate and earned a Ph.D. in Economics from the City University of New York Graduate Center. Jeff Martin, CFA, Co-Director of Research & Senior Research Analyst at ROTH, commented, 'I'm pleased to welcome Kyle to our healthcare research team. I am confident his strong research background and understanding of equity markets in MedTech will serve our clients well.' 'We are committed to expanding our research department across industries and market caps', said Sagar Sheth, CEO of ROTH. 'I'm confident that Kyle's expertise will provide valuable insights for our clients and help expand our healthcare practice.' Dr. Bauser noted, 'I am thrilled to be joining the impressive ROTH platform, which has a full suite of offerings dedicated to small-cap growth companies. I look forward to collaborating with the team and utilizing my diverse set of experiences to identify unique MedTech opportunities for our clients.' Since 2010, ROTH has been involved in over 600 transactions for its healthcare clients, with a total transaction value of over $25 Billion. (Source: ROTH 05.21.25) About ROTH: ROTH is a relationship-driven investment bank focused on serving growth companies and their investors. Our full-service platform provides capital raising, high impact equity research, macroeconomics, sales and trading, technical insights, derivatives strategies, M&A advisory, and corporate access. Headquartered in Newport Beach, California, Roth is a privately held, employee-owned organization and maintains offices throughout the U.S. For more information on Roth, please visit Investor Contact ROTH Isabel Mattson-Pain Managing Director, Chief Marketing Officer [email protected] | 949.720.7117 ROTH – Member FINRA/SIPC – Wire Service Contact: IBN Austin, Texas 512.354.7000 Office [email protected]
Yahoo
10-05-2025
- Business
- Yahoo
Sempra to sell Mexican natural gas business to fund transmission expansion in Texas
This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. Sempra plans to sell Ecogas Mexico, a three-utility conglomerate that provides natural gas service in the Mexicali, Chihuahua and La Laguna-Durango regions in Mexico, and a minority stake in its development arm Sempra Infrastructure in order to finance expansion plans in Texas, company leaders said during a Thursday earnings call. The company plans to spend $13 billion on energy infrastructure this year alone, with $10 billion of that investment destined for the United States, Chairman, President and CEO Jeff Martin said. Analysts at Morningstar welcomed news of the sale and the company's desire to refocus on its regulated utilities. Sempra disappointed analysts and investors in February when it cut its earnings projections amid rising costs and will 'need to continue strong execution,' according to Morningstar strategist Andrew Bischof. Sempra's Texas subsidiaries continue to draw what analysts described as 'huge numbers' from would-be customers hoping to connect to the utility's electric system. And to bring those customers online, Sempra plans to invest heavily in new transmission projects. The Electric Reliability Council of Texas anticipates a need for $32 billion to $35 billion in new transmission to serve a projected 150 GW peak load by 2030, and Texas-based electric distributor Oncor is 'well-positioned to construct a significant portion of the required transmission infrastructure,' according to Karen Sedgwick, executive vice president and chief financial officer for Sempra. Sempra owns 80% of Oncor. The company is already involved in the $15 billion to $17 billion Permian transmission project, which is set to become ERCOT's first extra-high-voltage transmission project following a decision by the Public Utility Commission of Texas in April. Sempra originally anticipated that the construction of the Permian project would stretch beyond 2030, but recent regulatory decisions have shortened the timeline, prompting a need for greater near-term funding, Martin said. And Oncor itself continues to attract a record number of requests from large prospective customers, with new requests up 30% since the end of the year, Oncor CEO Allen Nye said. The company's customer queue now consists of 156 GW of requests from data centers, and 22 GW from other industrial sectors, he said. Oncor has 'high confidence' that 29.5 GW of that load will come online by 2031, and has signed interconnection agreements for an additional 9 GW of new load, Nye said. 'They've got a backlog that's 5x of their current peak load,' Martin said. 'So I think the goal really is to make sure that we are building the critical infrastructure that continues to support the economic growth in the state.' Selling Ecogas and a minority interest in Sempra Infrastructure, which primarily owns and operates natural gas and liquefied natural gas facilities, should fund needed capital expenditures 'in a much more efficient way than we originally proposed,' Nye said. It would also de-risk the company's portfolio by ensuring 90% or more of its earnings come from regulated utilities, he said. He anticipated the company would have more information on the sales by the end of the second quarter of this year, but Sedgwick said that initial interest in the sales has been 'robust.' Morningstar's Bischof agreed that investors would be 'best served' if more of Sempra's earnings came from regulated utilities, but also cautioned that it will be 'vital' for Oncor to recover its growing costs via a base rate case company leaders said they still plan to file during the second quarter. Recommended Reading Sempra announces $56B capital plan amid rapid Texas growth 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
CBS News
10-04-2025
- Business
- CBS News
Denver Water to seek emergency appeal of judge's ruling on Gross Reservoir expansion in Colorado
Denver Water says it is seeking an emergency appeal to the 10th Circuit in Denver after a judge paused work on the half-billion dollar expansion of Gross Reservoir in southwest Boulder County. That work has now resumed under a temporary stay of two weeks and Denver Water says it is bringing workers back but worries about losing employees. "Our main concern is to bring our workforce back, be on the ready. Be ready to take care of the dam safety issues we have by quickly raising this dam," said Denver Water's program manager of the Gross Reservoir expansion project, Jeff Martin. Denver Water has been working on enlarging the dam since 2022 to nearly triple the reservoir's capacity. Crews were about to start the Spring construction season when Federal District Court Judge Christine Arguello issued a permanent injunction prohibiting the enlargement of the reservoir in her October decision on a lawsuit filed by some neighbors of the project and several environmental groups. "We're looking at every way to make sure that we can keep pushing the completion of Gross Reservoir expansion forward and make sure that we can supply a reliable water supply for Denver," said Martin about remedies that could include requesting help from the Trump Administration. Planning for the reservoir expansion began in 2002. Martin said they had met all requirements of permitting at local, state, and federal levels before starting construction, meeting requirements of the National Environmental Policy Act. "All of the environmental impacts were analyzed in the NEPA process," said Martin. However, in October, Judge Arguello found that the Army Corps of Engineers violated NEPA and the Clean Water Act when permits for reservoir expansion were approved. And she backed many of the opponents' claims. "Among other things, the permitting process requires the applicant to consider the least environmentally damaging practical alternative," said neighbor Scott Engle, a member of an opposition organization that calls itself The Environmental Group. "There were other alternatives available that would cost the ratepayer a lot less money," said Engle. Opponents favored a pipeline from Denver Water's southern water system and opposed drawing water from the headwaters of the Colorado River on the opposite side of the Continental Divide. The water is to be moved via the Moffat Tunnel to the Gross Reservoir, but Denver Water has maintained that it will only draw during periods when the tributaries are flowing well. On Wednesday, Martin told journalists who visited the Gross Dam after an invite from Denver Water that the project will help Denver Water create a better supply and reserve in its Northern system. The project, he said, was to prevent shortages. "We want to be able to solve the issue and weather a drought. We want to be able to weather the next catastrophic event. The next climate uncertainty. We want to make sure we have water for a growing Denver area." But, opponents have noted that per capita water use has been falling and believe Denver Water should opt for more conservation. The two-week stay meant some workers were on the job Wednesday. However, the pouring of additional concrete has not happened yet with the project's future in question. "Right now, the best way we can take care of our workforce is by giving them a job," said Martin. "We're getting absolute ready so we can place concrete and start raising the dam," he said about hopes for a successful appeal.
Yahoo
10-04-2025
- Business
- Yahoo
Legal battle continues over the fate of Gross Reservoir Dam Expansion Project
BOULDER COUNTY, Colo. (KDVR) — Denver Water provided a tour Wednesday of the Gross Reservoir Dam Expansion Site in Boulder County which was 60% complete when a district court judge ordered construction to stop over environmental issues. Denver Water received a two-week stay and plans to appeal the work stoppage, but it's unclear how long the legal battle will take. Previous: Denver Water: Gross Reservoir Expansion Project ruling should 'raise alarm bells' Denver Water has already spent $450 million on the project and employs about 350 people. Project Manager Jeff Martin says the project is urgently needed to sustain a water supply for Denver Water's 1.5 million customers. Martin says they were granted all required local, state and federal permits to move ahead and started construction three years ago under an order from the Federal Energy Regulatory Commission to complete the project by 2027. 'Over 350 people have dedicated their time, resources and passion to building what's behind us so Denver and the communities around Denver can have a bright and vibrant future, so we can have a reliable, clean water supply all the time to our tap,' Martin said. But a district court judge said the project violated federal environmental laws and that Denver Water took a risk starting construction while there were legal concerns. Environmental groups say the project is negatively impacting the area around the reservoir in Boulder County and will have a negative environmental impact down the Colorado River. List: Over $200M worth of HHS grant money was terminated in Colorado 'What happens in Denver doesn't stay in Denver. It has impacts across the southwest United States, and so that's one of the reasons why we dug in our heels against this project,' said Gary Wockner, director of the group Save the Colorado. 'The judge is requiring that more analysis happen of the alternatives so that Denver Water can meet its needs in other ways as opposed to a massive dam and reservoir expansion that further drains the Colorado River,' Wockner said. But Denver Water says it's already been through 15 years of analysis with the Army Corps of Engineers and others. 'Those are the experts that analyzed those impacts, and they were found to be quite mitigatable. We provided the mitigation for it, and then Denver Water went well beyond that and provided enhancements. We provided enhancements for the Upper Colorado River. We provided agreements on how we would draw out of there,' Martin said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
05-02-2025
- Business
- Yahoo
Uptown residents breathe sigh of relief after Heartland Housing's Leland Apartments gets reprieve from the auction block
The residents of an Uptown apartment building, including many with disabilities, got a reprieve last week when a Cook County judge put off the possible auction and sale of their affordable building until at least the summer. The Leland Apartments was part of Heartland Housing, a nonprofit developer that collapsed in 2023, placing the building under the threat of foreclosure. City and state officials, working with the mortgage holder, hammered out a plan for Mercy Housing, an affordable housing nonprofit that owns and operates dozens of Chicagoland properties, to take over the 1920s-era Leland, reinvest in the building, enhance resident services and preserve its affordability. 'While the deal is not yet final and is pending required review and approvals, we remain optimistic about achieving this outcome,' said Mercy Housing spokesperson Kate Peterson. Residents and community advocates, who for the past year pressed officials to keep the 137-unit building off the auction block, praised the new plan, saying it will avoid the Leland's possible transformation into luxury housing. 'It means we're going to be able to stay and not have to worry about housing, which is great,' said Jeff Martin, a 61-year-old who moved into the Leland at 1207 W. Leland Ave. in 2022 after a stroke left him unable to work. The six-story building was one of more than two dozen Heartland Housing properties that together provide hundreds of affordable units, many sheltering those at greatest risk of homelessness, including seniors, veterans and those with disabilities or mental health issues. The nonprofit struggled to properly staff and maintain the properties after rent collections declined in the pandemic's wake, and many residents complained about a lack of security, high vacancy rates and deteriorating physical conditions. The court in 2023 appointed the nonprofit Community Initiatives, which runs the city's Troubled Buildings Initiative, as receiver to oversee Heartland's portfolio. Alongside city and state officials, last year it secured new owners willing to keep units affordable for most of Heartland's portfolio. But finding a group willing to take over the Leland proved tough. Mercy Community Capital, the nonprofit lending arm of Denver-based Mercy Housing, holds the Leland's mortgage. The property was losing money and the $2 million mortgage was in default, according to court documents. In October, the nonprofit asked a Cook County judge to allow a foreclosure and auction, telling the court in an affidavit that it reached out to more than 30 potential buyers without success. 'Due to the extreme needs at the property, none of these potential owners have been willing to take over the property,' Vice President Brian Sample stated. But city and state housing officials then secured an agreement with Mercy to call off the sale. Instead, it will now come up with its own financial plan to assume ownership, launch needed renovations and preserve the Leland's affordability. 'To date, we've completed the transfer or identified a new owner for all but one of the Heartland Housing properties, and they will remain affordable options for residents,' said Chicago Department of Housing spokesperson Michael Cox. Heartland properties already under new ownership include Hollywood House, a 12-story building for seniors at 5700 N. Sheridan Road in the Edgewater neighborhood, and Town Hall Apartments, a modern, 79-unit affordable building for LGBTQ seniors at 3600 N. Halsted St. in the Lakeview neighborhood, both taken over last year by affordable housing provider Full Circle Communities. The national nonprofit Preservation of Affordable Housing took over several Heartland properties on the West Side, including the 89-unit Harvest Commons at 1519 W. Warren Blvd. in the West Loop. Mercy Housing and government officials will report progress on their plans for the Leland to Judge William B. Sullivan in a July hearing. 'What we're appreciative of is that residents have been attending the court hearings since June, and the judge has always been very inclusive, and listened to what they had to say,' said Dordie Hester, a community organizer with the advocacy group ONE Northside. Martin said it's vital to preserve affordable housing, especially for the disabled, in Uptown, a gentrifying lakefront neighborhood where developers have created a lot of luxury housing. 'It's a walkable neighborhood and everything is accessible,' he said. Hester said the residents and ONE Northside, which advocates for affordable housing, neighborhood safety and clean energy, are breathing a sigh of relief but will continue to monitor how Mercy Housing's plans take shape. 'No one has made any promises to the residents directly.'
