
In addition, transparency and communication are key in ensuring that the objectives of water taxes are clearly communicated to the public. By providing information on the reasons for the change in pricing and the benefits of water conservation, governments can help build understanding and support for these initiatives. Education and awareness campaigns can also play a crucial role in encouraging individuals and businesses to adopt more sustainable water practices.PLYMOUTH MEETING, Pa., Dec. 12, 2024 /PRNewswire/ -- INOVIO Pharmaceuticals, Inc. (Nasdaq: INO), a biotechnology company focused on developing and commercializing DNA medicines to help treat and protect people from HPV-related diseases, cancer, and infectious diseases, today announced that it intends to offer and sell shares of its common stock and accompanying warrants to purchase shares of its common stock, in an underwritten public offering. All of the securities in the proposed offering will be sold by INOVIO. The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering. Oppenheimer & Co. Inc. and Citizens JMP are acting as joint book-running managers for the offering. Stephens Inc. is acting as lead manager for the offering. A shelf registration statement relating to the shares of common stock and accompanying warrants offered in the offering described above was filed with the Securities and Exchange Commission (SEC) on November 9, 2023 and declared effective by the SEC on January 31, 2024. The offering will be made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. A preliminary prospectus supplement and accompanying prospectus relating to and describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov . Copies of the preliminary prospectus supplement and the accompanying prospectus, when available, may also be obtained by contacting: Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, by telephone at (212) 667-8055, or by email at EquityProspectus@opco.com ; or Citizens JMP Securities, LLC, 600 Montgomery Street, Suite 1100, San Francisco, California 94111, by telephone at (415) 835-8985, or by email at syndicate@jmpsecurities.com . This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities being offered, nor shall there be any sale of the securities being offered in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About INOVIO INOVIO is a biotechnology company focused on developing and commercializing DNA medicines to help treat and protect people from HPV-related diseases, cancer, and infectious diseases. INOVIO's technology optimizes the design and delivery of innovative DNA medicines that teach the body to manufacture its own disease-fighting tools. Forward-Looking Statements This release contains or may imply "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not based on historical fact and include, but are not limited to, statements regarding INOVIO's anticipated public offering, including the completion of the public offering on the anticipated terms, if at all. Any forward-looking statements are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties related to market conditions and satisfaction of customary closing conditions related to the proposed public offering. For a discussion of other risks and uncertainties, and other important factors, any of which could cause our actual results to differ from those contained in the forward-looking statements, see the section entitled "Risk Factors" in INOVIO's Annual Report on Form 10-K for the year ended December 31, 2023, INOVIO's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 and in other filings that INOVIO makes with the SEC from time to time. There can be no assurance that any of the forward-looking information provided herein will be proven accurate. These forward-looking statements speak only as of the date hereof and INOVIO undertakes no obligation to update forward-looking statements, and readers are cautioned not to place undue reliance on such forward-looking statements. Contacts Media: Jennie Willson (267) 429-8567 jennie.willson@inovio.com Investors: Peter Vozzo, ICR Healthcare, 443-213-0505 peter.vozzo@icrhealthcare.com View original content to download multimedia: https://www.prnewswire.com/news-releases/inovio-announces-proposed-public-offering-302330740.html SOURCE INOVIO Pharmaceuticals, Inc.
Diane Moss lost her home in the Santa Monica Mountains after power lines ignited the apocalyptic Woolsey fire in 2018. Since then, she’s pressed for a safer electric grid in California. “It’s so easy to forget the risk that we live in — until it happens to you,” said Moss, a longtime clean energy advocate. “All of us in California have to think about how we better prepare to survive disaster, which is only going to be more of a problem as the climate changes.” In recent years, California’s power companies have been doing just that: insulating power lines and burying lines underground, trimming trees, deploying drones and using risk-detection technology. As wildfires across the U.S. intensify , California is on the leading edge of efforts to prevent more deadly and destructive fires ignited by downed power lines and malfunctioning equipment. Customers have shouldered a hefty price for wildfire safety measures. From 2019 through 2023, the California Public Utilities Commission authorized the three largest utilities to collect $27 billion in wildfire prevention and insurance costs from ratepayers, according to a report to the Legislature. And the costs are projected to keep rising: The three companies — Pacific Gas & Electric, Southern California Edison and San Diego Gas & Electric — continue to seek billions more from customers for wildfire prevention spending. Rates are expected to continue outpacing inflation through 2027 . Fire safety projects are a big part of the reason that Californians pay the highest electric bills in the nation, outside of Hawaii. Other reasons include rooftop solar incentives, new transmission systems and upgrades for electric vehicles. Higher electric bills have helped fuel a statewide affordability crisis alongside soaring housing prices, expensive groceries and costly gasoline. Small businesses are feeling the burden, along with the state’s poorest residents: 1 in 3 low-income households served by the three utilities fell behind in paying their power bills this year. California’s three investor-owned utilities are regulated monopolies, so when they spend money on costs related to wildfires, they recover it through customers’ bills. The price of electricity has ignited debate about how much California families should bear for the cost of wildfire prevention, whether utilities are balancing risk and affordability and whether the money is being spent wisely. Loretta Lynch, a former head of the state utilities commission, said lack of oversight is a problem, with the commission “rubber-stamping outrageous costs” and allowing the companies to “address wildfires in the most expensive, least effective way possible.” One of the biggest controversies is whether the utilities should be spending so much on burying power lines, an extremely costly and slow process. Last year, a state audit concluded that the utilities commission and the state’s advocates office must do more to verify whether utilities were completing the work they sought payment for. The three companies say the billions of dollars in spending is necessary as climate change worsens wildfires across the state . Utility equipment has caused less than 10% of the state’s fires but nearly half of its most destructive fires, according to the utilities commission . PG&E, which a few years ago came out of bankruptcy triggered by its liability for several deadly, destructive fires, has adopted the stance that “catastrophic wildfires shall stop.” The company, which serves the most high-risk areas in California, is the state’s largest spender on wildfire prevention. PG&E plans to bury 10,000 miles of power lines in its highest-risk areas — work that is highly contentious because it is costly and slow. The company has buried 800 miles since 2021 , with each mile costing $3 million to $4 million. Last year, the commission approved a $3.7 billion plan for PG&E to bury 1,230 miles of lines through 2026. Sumeet Singh, PG&E’s chief operating officer, told CalMatters that the utility is concerned about rates too. He said the company is “very committed to stabilizing our customer rates as we go forward without compromising safety. I think that’s clear, that it’s a non-negotiable. ... There’s a pretty robust process, and oversight, that we are under.” Kevin Geraghty, chief operating officer of SDG&E, called the wildfire spending process “the most highly scrutinized, regulatory utility process I have ever been involved in, in my life.” Gov. Gavin Newsom issued an executive order in October aimed at tackling the high costs of electricity, asking state agencies to evaluate their oversight of wildfire projects and ensure that the utilities are focused on “cost-effective” measures. He is seeking proposals for changes in rules or laws by Jan. 1. Reduced to ash The spark for the increased spending came seven years ago, after California suffered one of its worst droughts and a series of devastating wildfires in 2017 and 2018, many ignited by utility equipment. Sixteen fires were caused by PG&E equipment during a rash of October 2017 fires that decimated Napa, Sonoma and other Northern California counties. That December, the Thomas fire , sparked by Southern California Edison equipment, engulfed parts of Ventura and Santa Barbara counties. But the devastation of 2017 was only a prelude to an even graver year. On Nov. 8, 2018, the Camp Fire leveled the town of Paradise, killing 85 people, making it the deadliest wildfire in state history. The Camp fire was caused by the failure of an old metal hook attached to a PG&E transmission tower. An intense wind event pushed the fire at a rate of roughly 80 football fields per minute at its peak. The company in 2020 pleaded guilty to 84 counts of involuntary manslaughter for its role in the disaster. The same day as the destruction in Paradise, another fire ignited 470 miles south. In the Simi Hills of Ventura County, SCE wires in two separate locations made contact with others, triggering “arc” flashes that rained hot metal fragments and sparks onto the dry brush below. These triggered two blazes, which soon merged to form the Woolsey fire. Santa Ana winds spread the conflagration across parched terrain, with swaths of the nationally protected Santa Monica Mountains reduced to ash. Moss, the clean energy advocate, evacuated her home with her son that day. Her husband, clinging to hope, stayed until the blaze threatened to swallow him whole. Their neighborhood near Malibu, with its heavily wooded surroundings, was no match for the inferno. “My husband stayed until the last minute, when it just — it looked like it could cost him his life,” Moss said. “Everybody else left, and just about all of us lost.” Three people died. Moss’ home was gone, reduced to a hollowed-out structure and charred rubble, along with about 100,000 acres of parkland and wilderness , more than any other fire in recorded history for that area. In 2019, downed PG&E lines ignited Sonoma County’s Kincade Fire . Then two years later, the Dixie Fire , also caused by PG&E equipment, became the second largest wildfire in California history, burning 963,000 acres north of Chico. The 2021 Dixie fire, which claimed one life and destroyed 1,311 structures, was the last catastrophic wildfire in California confirmed to be caused by utility equipment. ‘It just takes the wrong ignition’ The number of fires triggered by the companies’ equipment fluctuates from year to year, driven by the huge variability in California’s weather. But data from 2014 through 2023 indicate there were substantially fewer fires last year than in other recent years. SDG&E equipment caused 16 fires after its high of 32 fires in 2015, SCE had 90 fires, compared to a 2021 high of 173, and PG&E reported 374 fires after a high of 510 in 2020. PG&E also reported that fires in its highest-risk areas trended down every month of 2023 compared to the same months in previous years. But that progress reversed this year, with 62 fires reported by August in high-risk areas, compared to 65 in all of 2023. (PG&E would not provide 2024 fire data to CalMatters.) Caroline Thomas Jacobs, inaugural director of the state Office of Energy Infrastructure Safety, established in 2021 to oversee utility safety, said progress can be hard to measure. Nevertheless, she said she has seen a cultural shift at electric companies in recent years, with a more focused approach in high-risk areas and an environment that empowers workers to prioritize safety. “It just takes the wrong ignition ... under the right conditions, to have a catastrophic fire,” Thomas Jacobs said. “But are we in a better place? The numbers seem to indicate we’re moving in the right direction.” PG&E has installed more than 1,500 weather stations and 600 AI-enabled cameras to detect severe weather and ignitions, Singh said. Enhanced safety systems now cut power to lines within a tenth of a second. The utility also has cleared vegetation, ordered power shutoffs during high-risk times , insulated lines and buried some lines underground. “Where do we see the greatest risk?” Singh said the company asks itself, and “what is the most cost-effective way to be able to reduce that risk for every dollar that’s spent?” Southern California Edison said since its investments began in 2019, the risk of catastrophic wildfire in its system has dropped between 85% and 90%. The company plans to bury 600 miles of lines in high-risk areas, but it is relying much more on less-expensive insulating technology, which already has been used on more than 6,000 miles of lines. SDG&E began prioritizing wildfire prevention, including underground and insulated lines, a decade ahead of the other two utilities, after its lines sparked three major fires in 2007. The company has avoided a catastrophic fire since 2007, despite operating in one of the nation’s most fire-prone regions. “We continue to double down, and do more tomorrow than we did yesterday,” said Brian D’Agostino, the utility’s vice president of wildfire and climate science. “We don’t take a single day without a fire for granted.” Wildfire spending — ‘an odd system’ Critics say the scramble to address the wildfire crisis has left the state vulnerable to overspending by utilities. About two months before the Camp and Woolsey fires, outgoing Gov. Jerry Brown in 2018 signed a $1 billion plan to thin forests and clear out the tinderbox of California’s dead and dying trees. That measure came too late to prevent the devastation. But it opened the door to increased spending by utilities beyond limits set in the highly deliberative process known as their general rate cases, which determine what Californians pay. Newsom and the Legislature in 2019 created a $21 billion wildfire fund paid for by Wall Street investors and California ratepayers to help PG&E exit bankruptcy and protect utilities from being financially threatened by the wildfires they cause. The utilities cannot access the state’s $21 billion fund unless their wildfire plans are approved by the energy safety office. One problem, critics say, is that the safety plans are approved by one government entity while the spending to carry them out is approved by another. “We now have this very odd system,” said Lynch, who served on the utilities commission from 2000 through 2004. “The Office of Energy Infrastructure Safety reviews the plans, puts out guidelines, but then the (commission) still has to ratify the plans, so that the utilities can take money from their ratepayers.” We have launched our year-end campaign. Our goal: Raise $50,000 by Dec. 31. Help us get there. Times of San Diego is devoted to producing timely, comprehensive news about San Diego County. Your donation helps keep our work free-to-read, funds reporters who cover local issues and allows us to write stories that hold public officials accountable. Join the growing list of donors investing in our community's long-term future. Wildfire safety goes underground On a temperate, clear morning in the Sierra Nevada foothills east of Placerville in October, a PG&E construction crew donned yellow jackets and safety helmets and went about the work of burying power lines along a narrow, wooded road. Overhead lines snaked through thick trees in this area — prime fire risk territory. The workers buried the lines in a trench that had been dug using a heavy piece of equipment designed to cut hard concrete and soil. Once those power lines are buried and activated, their risk of fires are all but eliminated. Burying lines in high-risk areas improves reliability amid rising wildfire risks and extreme weather, PG&E’s Singh said. Though it’s pricier up front, it eliminates the yearly expense of trimming trees and vegetation, which makes it a better, long-run value for customers, he said. “Underground is a no-brainer when you look at it from that lens,” Singh said. But the high cost and the time it takes to do the work has left some skeptical. The company has buried 800 miles of wires underground since 2021, and plans to bury more than 1,600 by the end of 2026. It aims to get the cost per mile down to $2.8 million by the end of 2026 from $3 million at the end of 2023. Michael Campbell, assistant deputy director of energy for the public advocates office, a state entity that represents utility customers, said PG&E should consider other means of preventing wildfires, like insulated wires, otherwise known as “covered conductors.” This can be deployed more quickly and at a lower cost, he said, and is effective when combined with operational techniques like fast trip settings and power safety shutoffs . “In some areas, (burying power lines) really is the correct approach to minimize risk. But it’s also very slow and very expensive, and so there’s a need to address safety in as many miles as quickly as possible, to reduce overall risk,” Campbell said. The utilities commission has taken a proof-of-concept approach: The commission scaled back PG&E’s plan to bury 2,000 miles through 2026 to 1,230. It approved installing covered conductors, or insulated power lines, over 778 miles. Lynch is skeptical of utilities and their big projects because they can profit from them, and Mark Toney, executive director of the Utility Reform Network, says too much spending is going unchecked. The sense of urgency following fires paved the way for the multibillion-dollar surge in spending. The commission authorized PG&E, for instance, to spend $4.66 billion on wildfire costs from 2020 through 2022, but the company ultimately spent $11.7 billion and is seeking payment through utility bills, according to the Utility Reform Network. Audits of nearly $2.5 billion in 2019 and 2020 wildfire spending found some costs from PG&E , Southern California Edison and SDG&E may already have been covered by previously approved rates, or more documentation was needed to confirm they had not been covered. The utilities challenged many of the findings, saying they didn’t plan to claim some of the costs, and disputed the auditor’s conclusions as well as some of their calculations. In interviews with CalMatters, representatives for all three utilities said the process in place to oversee wildfire spending at the utilities commission was robust and thorough. Geraghty, of SDG&E, said the process is transparent, with public comment periods and hearings. Regarding critics who say wildfire prevention should be cheaper and faster, “every one of them had that voice, had that say, had that transparency through this entire process,” he said. Some expenses, such as operating costs, have an immediate impact on how much people pay in their bills. But other costs, such as long-term investments in insulating or burying power lines, are stretched out over years, meaning they add to bills for decades to come . Over time, these capital costs are growing because of factors like depreciation and the returns utilities are allowed to generate. This creates a compounding effect, meaning wildfire-related capital costs will take up an increasing share of what California customers are charged in the future. Feeling the pinch in Oakland, the fear near Malibu The burden of the rising bills is hitting many Californians hard. Roshonda Wilson of Oakland couldn’t afford to pay her power bill even though she said she watches television only after sunset, refrains from running unnecessary appliances and is hyper-aware of every energy-consuming action in her household. At one point, PG&E turned her power off this year. “I couldn’t catch up,” she said. On the other hand, Moss — who has weathered not just the trauma of losing her home near Malibu but also the difficult process of rebuilding — says the expensive wildfire prevention work is critical to prevent more tragedies. “Even though (burying power lines) is costly and time-consuming, the cost and time of not doing it is starting to seem more devastating to a broader swath of people,” Moss said. Nevertheless, the rate hikes have alarmed climate activists who fear rising power bills in California may trigger a backlash against the state’s effort to switch to renewable energy, and influence other states too. “The state, we fear, will start to lose the political will to keep pushing on,” said Mohit Chhabra, a senior scientist with the Natural Resources Defense Council. “The problem with that is not that California will be a few years late — we can handle that. But the impact on all the other states who are looking at California.” Natasha Uzcátegui-Liggett and Miguel Gutierrez Jr. contributed to this report. Lazo writes for CalMatters , a public interest journalism venture committed to explaining how California’s state Capitol works and why it matters. Get Our Free Daily Email Newsletter Get the latest local and California news from Times of San Diego delivered to your inbox at 8 a.m. daily. Sign up for our free email newsletter and be fully informed of the most important developments.Micron Technology to Report Fiscal First Quarter Results on December 18, 2024
Ardagh Glass Packaging pioneers hydrogen energy mix from onsite electrolyserOliver Glasner declared Crystal Palace are on the right path after they finally broke their away duck with a 1-0 win at Ipswich. Jean-Philippe Mateta struck in the second half with the only real piece of quality in a nervy encounter between two struggling teams. It is now two wins and three draws from the last six matches for Glasner’s side, whose winter revival is gathering pace nicely following a sticky start to the campaign. “I feel very happy, we’re all very pleased with the result, it was not the best performance but the result was more important,” said the Eagles boss. “Most of the time we controlled the game and we scored an amazing goal, a fantastic finish from JP. “We had more chances to decide the game but we couldn’t, but I think the win was well deserved. “We didn’t give them any chances from open play and with a clean sheet you can always take the win. “It’s a big win. Now it’s not time to sit back and relax but to keep going. In four days we face Manchester City. We stay humble. There are still many things to improve but we are on the right path.” Ipswich looked the likelier to score as a low-key first half drew to a close and were denied by a point-blank save by Dean Henderson from Harry Clarke’s near-post header. Shortly after the interval Wes Burns got clear down the right and lifted an inviting cross towards Liam Delap, whose header was straight at Henderson. However, from out of nowhere Palace conjured up a lightning counter-attack to go ahead on the hour. Eberechi Eze led the charge before feeding Mateta, who surged forward with a couple of stepovers before brushing off the attention of Jacob Greaves and finishing superbly past Arijanet Muric. It was the French forward’s sixth goal of the season, and his first away from Selhurst Park. Back came Ipswich with Leif Davis fizzing in another cross for Delap, who somehow mistimed his jump and completely missed the ball from six yards. As time ticked down Greaves looped a header against the far post, with the rebound just eluding substitute Ali-Al Hamadi. “Frustrating night,” said Town boss Kieran McKenna. “It was a tight first half, we weren’t fantastic in terms of the flow of the game and didn’t create as many opportunities as we wanted. But having said that neither did our opponents. “In the second half we conceded a really poor goal and that proved decisive. We can do better than we did tonight.”
The launch of PIONER's Steam page marks an important milestone for the game's development. With its debut on the world's largest digital distribution platform for PC gaming, PIONER is poised to reach a wide audience of players eager to dive into its immersive world. The Steam page will serve as a hub for updates, news, and community discussions, allowing players to stay informed and connected with the development team.
Title: Yao Ming's Induction into the Hall of Fame: Official Response Requires His Approval
As Reddit continues to refine and enhance "Answers" in the coming months, it will be interesting to see how the tool evolves and whether it can truly challenge Google's dominance in the search engine market. With its innovative approach to search and its strong focus on user engagement, Reddit is certainly making waves in the world of online information retrieval.
NoneLONDON (AP) — West Ham beat Wolverhampton Wanderers 2-1 in the Premier League and heaped more pressure on beleaguered coach Gary O’Neil on Monday. Both sides came into the match under a cloud and the game was widely billed as a make-or-break match for O’Neill and West Ham counterpart Julen Lopetegui. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.With the Chinese real estate market playing a crucial role in the country's overall economic stability and growth, the Central Government has recently emphasized the importance of maintaining stability in the real estate sector for the year 2025. The Ministry of Housing and Urban-Rural Development, as well as other relevant government departments, have been tasked with implementing policies and measures to ensure the steady and healthy development of the real estate market.
Title: Liu Shaoang: Former Arch Rival of Chinese Short Track Team, Now Emerging as the Dark Horse in the Final Lap
First and foremost, Evergrande Group acknowledges the challenges it is facing and the impact they have had on investors, employees, and the broader community. The company expresses its commitment to addressing these issues transparently and responsibly, while working towards sustainable solutions that will benefit all parties involved.(BPT) - Tech gifts are consistently some of the most popular presents to give and receive during the holidays. In fact, according to the annual Consumer Technology Holiday Purchase Patterns report , a record 233 million U.S. adults (89%) will buy tech products during the 2024 holiday season. But with so many devices out there, it can be hard to decide on the perfect option for the loved one on your list. A tablet like the new Fire HD 8 from Amazon offers the versatility of an all-in-one device, with access to streaming, gaming, video chatting, reading or writing all at your fingertips. Fire HD 8 also features a vibrant 8-inch HD display and lightweight, portable design, for high-quality entertainment on the go. Plus, Fire HD 8 comes with three new AI features that can help you get the most out of your tablet experience. Check them out below and learn how they can help you with daily tasks this holiday season and beyond. 1. Meet your personal writing assistant Do you struggle with writing a heartfelt message or finessing a tricky email? Fear not! Writing Assist is here to help. Writing Assist works as part of your Fire tablet's device keyboard and compatible apps, including email, Word documents and social media. In just a few taps, you can transform your writing from good to great. Try Writing Assist's pre-set styles to turn a simple email into a professionally written note. Or, you can ask Writing Assist for grammar suggestions to make your writing more concise, or elaborate on your ideas. You can even "emojify" your writing to add more fun and personality. 2. Learn more in less time Say goodbye to scrolling through pages of information. The new Webpage Summaries feature allows you to learn pertinent information as quickly as possible. Available on the Silk browser on Fire tablets, Webpage Summaries provides quick insights on web articles. In a matter of seconds, this feature will distill the key points in an article or on a webpage into a clear, concise summary of what you need to know. 3. Get creative with your device wallpaper With Wallpaper Creator, you can easily add a touch of creative flair and customization to your tablet's home screen. You can choose from one of the curated prompts to get started on creating a unique background. Or, if you're ready to let your imagination run wild, type a description of what you'd like to see. For example, you can ask for an image of a tiger swimming underwater or a watercolor-style image of a desert landscape in space. Wallpaper Creator will then turn your vision into a reality, delivering a high-resolution image that you can use as your tablet's wallpaper. Celebrate an AI-powered holiday season Writing Assist, Webpage Summaries, and Wallpaper Creator are now available on Amazon's new Fire HD 8 and other compatible Fire tablet devices, including the latest Fire HD 10 and Fire Max 11 tablets. To learn more, or to order a new Fire tablet this gift-giving season, visit Amazon.com .