NewzIntel.com

Category: Americas

  • MIL-OSI USA: Disaster Recovery Center Opens in Mercer County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in Mercer County

    Disaster Recovery Center Opens in Mercer County

    FRANKFORT, Ky

    – A Disaster Recovery Center has opened in Mercer County to offer in-person support to Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides

    The new Disaster Recovery Center in Mercer County is located at: Mercer County Health Department, 900 N

    College St

    , Harrodsburg, KY 40330 Working hours are 9 a

    m

    to 7 p

    m

    Eastern Time, Monday through Saturday and 1 – 7 p

    m

    Eastern Time, Sunday

    FEMA representatives can explain available assistance programs, how to apply to FEMA, and help connect survivors with resources for their recovery needs

    Representatives from the Kentucky Office of Unemployment Insurance, the Kentucky Department of Insurance and the U

    S

    Small Business Administration (SBA) will also be available at the recovery centers to assist survivors

    FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible

    The deadline to apply is June 25

    You can visit any Disaster Recovery Center to get in-person assistance

    No appointment is needed

     To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

    You don’t have to visit a center to apply for FEMA assistance

     There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    Apply Separately for Each DisasterWhen two or more disasters are declared in the same state, FEMA ensures survivors receive all eligible assistance while preventing a duplication of federal benefits

    Disaster survivors affected by multiple disasters should apply with FEMA separately for each individual disaster

     When applying for FEMA assistance, be sure to specify the damage and the date it occurred to ensure you are applying under the correct declaration number

    DR-4860-KY for the severe storms, straight-line winds, landslides and mudslides that occurred from Feb14 – March 7

    Homeowners and renters in Breathitt, Clay, Estill, Floyd, Harlan, Johnson, Knott, Lee, Leslie, Letcher, Martin, Owsley, Perry, Pike, Simpson, Woodford counties may be eligible

    The deadline to apply under DR-4860-KY is May 25

    DR-4864-KY for the severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides that occurred on April 2 and continuing

    Homeowners and renters in the Anderson, Butler, Carroll, Christian, Clark, Franklin, Hardin, Hopkins, Jessamine, McCracken, Mercer, Owen and Woodford counties may be eligible

     Homeowners and renters in Woodford County may be eligible for federal assistance under DR-4860-KY or/and DR-4864-KY

    If you had property damage or loss in Woodford County from the February severe incident, and then again from the April severe incident, you will need to complete two separate disaster assistance applications

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    martyce

    allenjr
    Tue, 04/29/2025 – 14:07

    MIL OSI USA News –

  • MIL-OSI USA: FEMA Offers Assistance for April Storm Survivors in Kentucky

    Source: US Federal Emergency Management Agency

    Headline: FEMA Offers Assistance for April Storm Survivors in Kentucky

    FEMA Offers Assistance for April Storm Survivors in Kentucky

    FRANKFORT, Ky

    – FEMA is offering a wide variety of help to people affected by the April severe storms in Kentucky

    Every homeowner or renter who suffered damage or loss is encouraged to apply

    Money provided by FEMA does not have to be repaid

    FEMA can provide money to eligible applicants for help with serious needs, paying for a temporary place to live, home repairs and other needs not covered by insurance

    Disaster assistance is not a substitute for insurance and cannot compensate for all losses caused by a disaster

    The assistance is intended to meet basic needs and supplement disaster recovery efforts

    Money provided by FEMA may include:Serious Needs: Money for lifesaving and life-sustaining items, including water, food, first aid, prescriptions, infant formula, breastfeeding supplies, diapers, consumable medical supplies, durable medical equipment, personal hygiene items and fuel for transportation

    Displacement: Money to help with housing needs if you cannot return to your home because of the disaster

    The money can be used to stay in a hotel, with family and friends or other options while you look for a rental unit

    Home Repair or Replacement: Money to help you repair or replace your home damaged by the disaster

    The money can also help with pre-existing damage to parts of your home where the disaster caused further damage

    Rental Assistance: Money you can use to rent housing if you are displaced from your home because of the disaster

    Personal Property: Money to help you repair or replace appliances, room furnishings, and a personal or family computer damaged by the disaster

    This can also include money for books, uniforms, tools, additional computers and other items required for school or work, including self-employment

    Child Care: Money to help you pay for increased or childcare expenses caused by the disaster

    Transportation: Money to help you repair or replace a vehicle damaged by the disaster when you don’t have another vehicle you can use

    Moving and Storage Expenses: Money to help you move and store personal property from your home to prevent additional damage

    Applicants should keep their current contact information on file with FEMA as the agency may need to schedule a home inspection or get additional information

    How To Apply for FEMA AssistanceSurvivors in the Anderson, Butler, Carroll, Christian, Clark, Franklin, Hardin, Hopkins, Jessamine, McCracken, Mercer, Owen and Woodford counties who have disaster-caused damage or loss from the April storm can apply for federal disaster assistance under the major disaster declaration DR-4864 in several ways:Online at DisasterAssistance

    gov

    Visit any Disaster Recovery Center

    To find a center close to you, visit fema

    gov/DRC, or text DRC along with your Zip Code to 43362 (Example: “DRC 29169”)

    Use the FEMA mobile app

    FEMA works with every household on a case-by-case basis

    Call the FEMA Helpline at 800-621-3362

    It is open 7 a

    m

    to 10 p

    m

    Eastern Daylight Time

    Help is available in many languages

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA your number for that service

     Apply Separately for Each DisasterWhen two or more disasters are declared in the same state, FEMA ensures survivors receive all eligible assistance while preventing a duplication of federal benefits

    Disaster survivors affected by multiple disasters should apply with FEMA separately for each individual disaster

     When applying for FEMA assistance, be sure to specify the damage and the date it occurred to ensure you are applying under the correct declaration number

    DR-4860-KY for the severe storms, straight-line winds, landslides and mudslides that occurred from Feb14 – March 7

    Homeowners and renters in Breathitt, Clay, Estill, Floyd, Harlan, Johnson, Knott, Lee, Leslie, Letcher, Martin, Owsley, Perry, Pike, Simpson, Woodford counties may be eligible

    The deadline to apply under DR-4860-KY is May 25

    DR-4864-KY for the severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides that occurred on April 2 and continuing

    Homeowners and renters in the Anderson, Butler, Carroll, Christian, Clark, Franklin, Hardin, Hopkins, Jessamine, McCracken, Mercer, Owen and Woodford counties may be eligible

    The deadline to apply under DR-4864-KY is June 25

    Homeowners and renters in Woodford County may be eligible for federal assistance under DR-4860-KY or/and DR-4864-KY

    If you had property damage or loss in Woodford County from the February severe incident, and then again from the April severe incident, you will need to complete two separate disaster assistance applications

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    martyce

    allenjr
    Tue, 04/29/2025 – 13:47

    MIL OSI USA News –

  • MIL-OSI USA: Disaster Recovery Center Opens in Anderson County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in Anderson County

    Disaster Recovery Center Opens in Anderson County

    FRANKFORT, Ky

    – A Disaster Recovery Center has opened in Anderson County to offer in-person support to Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides

     The new Disaster Recovery Center in Anderson County is located at: Anderson County Community Center, 1026 County Park Road, Lawrenceburg, KY 40342 Working hours are 9 a

    m

    to 7 p

    m

    Eastern Time, Monday through Saturday and 1-7 p

    m

    Eastern Time, Sunday

    FEMA representatives can explain available assistance programs, how to apply to FEMA, and help connect survivors with resources for their recovery needs

    Representatives from the Kentucky Office of Unemployment Insurance, the Kentucky Department of Insurance and the U

    S

    Small Business Administration (SBA) will also be available at the recovery centers to assist survivors

    You can visit any open center to meet with representatives of FEMA, the Commonwealth of Kentucky and the U

    S

    Small Business Administration

    No appointment is needed

     To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

    If you are unable to visit a center, there are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    Apply Separately for Each DisasterWhen two or more disasters are declared in the same state, FEMA ensures survivors receive all eligible assistance while preventing a duplication of federal benefits

    Disaster survivors affected by multiple disasters should apply with FEMA separately for each individual disaster

     When applying for FEMA assistance, be sure to specify the damage and the date it occurred to ensure you are applying under the correct declaration number

    DR-4860-KY for the severe storms, straight-line winds, landslides and mudslides that occurred from February 14 – March 7

    Homeowners and renters in Breathitt, Clay, Estill, Floyd, Harlan, Johnson, Knott, Lee, Leslie, Letcher, Martin, Owsley, Perry, Pike, Simpson, Woodford counties may be eligible

    The deadline to apply under DR-4860-KY is May 25

    DR-4864-KY for the severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides that occurred on April 2 and continuing

    Homeowners and renters in the Anderson, Butler, Carroll, Christian, Clark, Franklin, Hardin, Hopkins, Jessamine, McCracken, Mercer, Owen and Woodford counties may be eligible

    The deadline to apply under DR-4864-KY is June 25

    Homeowners and renters in Woodford County may be eligible for federal assistance under DR-4860-KY or/and DR-4864-KY

    If you had property damage or loss in Woodford County from the February severe incident, and then again from the April severe incident, you will need to complete two separate disaster assistance applications

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    martyce

    allenjr
    Tue, 04/29/2025 – 13:24

    MIL OSI USA News –

  • MIL-OSI USA: Disaster Recovery Center Opens in Clark County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in Clark County

    Disaster Recovery Center Opens in Clark County

    FRANKFORT, Ky

    – A Disaster Recovery Center has opened in Clark County to offer in-person support to Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides

    The new Disaster Recovery Center in Clark County is located at: Clark County Emergency Operations Center, 200 Maryland Ave

    , Winchester, KY 40391 Working hours are 9 a

    m

    to 7 p

    m

    Eastern Time, Monday through Saturday and 1 – 7 p

    m

    Eastern Time, Sunday

    FEMA representatives can explain available assistance programs, how to apply to FEMA, and help connect survivors with resources for their recovery needs

    Representatives from the Kentucky Office of Unemployment Insurance, the Kentucky Department of Insurance and the U

    S

    Small Business Administration (SBA) will also be available at the recovery centers to assist survivors

    FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible

    The deadline to apply is June 25

    You can visit any Disaster Recovery Center to get in-person assistance

    No appointment is needed

     To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

    You don’t have to visit a center to apply for FEMA assistance

     There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    Apply Separately for Each DisasterWhen two or more disasters are declared in the same state, FEMA ensures survivors receive all eligible assistance while preventing a duplication of federal benefits

    Disaster survivors affected by multiple disasters should apply with FEMA separately for each individual disaster

     When applying for FEMA assistance, be sure to specify the damage and the date it occurred to ensure you are applying under the correct declaration number

    DR-4860-KY for the severe storms, straight-line winds, landslides and mudslides that occurred from Feb14 – March 7

    Homeowners and renters in Breathitt, Clay, Estill, Floyd, Harlan, Johnson, Knott, Lee, Leslie, Letcher, Martin, Owsley, Perry, Pike, Simpson, Woodford counties may be eligible

    The deadline to apply under DR-4860-KY is May 25

    DR-4864-KY for the severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides that occurred on April 2 and continuing

    Homeowners and renters in the Anderson, Butler, Carroll, Christian, Clark, Franklin, Hardin, Hopkins, Jessamine, McCracken, Mercer, Owen and Woodford counties may be eligible

     Homeowners and renters in Woodford County may be eligible for federal assistance under DR-4860-KY or/and DR-4864-KY

    If you had property damage or loss in Woodford County from the February severe incident, and then again from the April severe incident, you will need to complete two separate disaster assistance applications

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    martyce

    allenjr
    Tue, 04/29/2025 – 13:59

    MIL OSI USA News –

  • MIL-OSI USA: Disaster Recovery Center Opens in Jessamine County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in Jessamine County

    Disaster Recovery Center Opens in Jessamine County

    FRANKFORT, Ky

    – A Disaster Recovery Center has opened in Jessamine County to offer in-person support to Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides

    The new Disaster Recovery Center in Jessamine County is located at: Jessamine County Senior Citizens Center, 111 Hoover Drive, Nicholasville, KY 40356 Working hours are 9 a

    m

    to 7 p

    m

    Eastern Time, Monday through Saturday and 1 – 7 p

    m

    Eastern Time, Sunday

    FEMA representatives can explain available assistance programs, how to apply to FEMA, and help connect survivors with resources for their recovery needs

    Representatives from the Kentucky Office of Unemployment Insurance, the Kentucky Department of Insurance and the U

    S

    Small Business Administration (SBA) will also be available at the recovery centers to assist survivors

    FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible

    The deadline to apply is June 25

    You can visit any Disaster Recovery Center to get in-person assistance

    No appointment is needed

     To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

    You don’t have to visit a center to apply for FEMA assistance

     There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    Apply Separately for Each DisasterWhen two or more disasters are declared in the same state, FEMA ensures survivors receive all eligible assistance while preventing a duplication of federal benefits

    Disaster survivors affected by multiple disasters should apply with FEMA separately for each individual disaster

     When applying for FEMA assistance, be sure to specify the damage and the date it occurred to ensure you are applying under the correct declaration number

    DR-4860-KY for the severe storms, straight-line winds, landslides and mudslides that occurred from Feb14 – March 7

    Homeowners and renters in Breathitt, Clay, Estill, Floyd, Harlan, Johnson, Knott, Lee, Leslie, Letcher, Martin, Owsley, Perry, Pike, Simpson, Woodford counties may be eligible

    The deadline to apply under DR-4860-KY is May 25

    DR-4864-KY for the severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides that occurred on April 2 and continuing

    Homeowners and renters in the Anderson, Butler, Carroll, Christian, Clark, Franklin, Hardin, Hopkins, Jessamine, McCracken, Mercer, Owen and Woodford counties may be eligible

     Homeowners and renters in Woodford County may be eligible for federal assistance under DR-4860-KY or/and DR-4864-KY

    If you had property damage or loss in Woodford County from the February severe incident, and then again from the April severe incident, you will need to complete two separate disaster assistance applications

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    martyce

    allenjr
    Tue, 04/29/2025 – 13:57

    MIL OSI USA News –

  • MIL-OSI USA: Where Does Gold Come From? NASA Data Has Clues

    Source: NASA

    Since the big bang, the early universe had hydrogen, helium, and a scant amount of lithium. Later, some heavier elements, including iron, were forged in stars. But one of the biggest mysteries in astrophysics is: How did the first elements heavier than iron, such as gold, get created and distributed throughout the universe?
    “It’s a pretty fundamental question in terms of the origin of complex matter in the universe,” said Anirudh Patel, a doctoral student at Columbia University in New York. “It’s a fun puzzle that hasn’t actually been solved.”
    Patel led a study using 20-year-old archival data from NASA and ESA telescopes that finds evidence for a surprising source of a large amount of these heavy elements: flares from highly magnetized neutron stars, called magnetars. The study is published in The Astrophysical Journal Letters.
    Study authors estimate that magnetar giant flares could contribute up to 10% of the total abundance of elements heavier than iron in the galaxy. Since magnetars existed relatively early in the history of the universe, the first gold could have been made this way.
    “It’s answering one of the questions of the century and solving a mystery using archival data that had been nearly forgotten,” said Eric Burns, study co-author and astrophysicist at Louisiana State University in Baton Rouge.
    How could gold be made at a magnetar?
    Neutron stars are the collapsed cores of stars that have exploded. They are so dense that one teaspoon of neutron star material, on Earth, would weigh as much as a billion tons. A magnetar is a neutron star with an extremely powerful magnetic field.
    On rare occasions, magnetars release an enormous amount of high-energy radiation when they undergo “starquakes,” which, like earthquakes, fracture the neutron star’s crust. Starquakes may also be associated with powerful bursts of radiation called magnetar giant flares, which can even affect Earth’s atmosphere. Only three magnetar giant flares have been observed in the Milky Way and the nearby Large Magellanic Cloud, and seven outside.
    Patel and colleagues, including his advisor Brian Metzger, professor at Columbia University and senior research scientist at the Flatiron Institute in New York, have been thinking about how radiation from giant flares could correspond to heavy elements forming there. This would happen through a “rapid process” of neutrons forging lighter atomic nuclei into heavier ones.   
    Protons define the element’s identity on the periodic table: hydrogen has one proton, helium has two, lithium has three, and so on. Atoms also have neutrons which do not affect identity, but do add mass. Sometimes when an atom captures an extra neutron the atom becomes unstable and a nuclear decay process happens that converts a neutron into a proton, moving the atom forward on the periodic table. This is how, for example, a gold atom could take on an extra neutron and then transform into mercury. 
    In the unique environment of a disrupted neutron star, in which the density of neutrons is extremely high, something even stranger happens: single atoms can rapidly capture so many neutrons that they undergo multiple decays, leading to the creation of a much heavier element like uranium.
    When astronomers observed the collision of two neutron stars in 2017 using NASA telescopes and the Laser Interferomete Gravitational wave Observatory (LIGO), and numerous telescopes on the ground and in space that followed up the initial discovery, they confirmed that this event could have created gold, platinum, and other heavy elements. But neutron star mergers happen too late in the universe’s history to explain the earliest gold and other heavy elements. Recent research by co-authors of the new study — Jakub Cehula of Charles University in Prague, Todd Thompson of The Ohio State University, and Metzger — has found that magnetar flares can heat and eject neutron star crustal material at high speeds, making them a potential source.

    New clues in old data
    At first, Metzger and colleagues thought that the signature from the creation and distribution of heavy elements at a magnetar would appear in the visible and ultraviolet light, and published their predictions. But Burns in Louisiana wondered if there could be a gamma-ray signal bright enough to be detected, too. He asked Metzger and Patel to check, and they found that there could be such a signature.
    “At some point, we said, ‘OK, we should ask the observers if they had seen any,’” Metzger said.
    Burns looked up the gamma ray data from the last giant flare that has been observed, which was in December 2004. He realized that while scientists had explained the beginning of the outburst, they had also identified a smaller signal from the magnetar, in data from ESA (European Space Agency)’s INTErnational Gamma-Ray Astrophysics Laboratory (INTEGRAL), a recently retired mission with NASA contributions. “It was noted at the time, but nobody had any conception of what it could be,” Burns said.
    Metzger remembers that Burns thought he and Patel were “pulling his leg” because the prediction from their team’s model so closely matched the mystery signal in the 2004 data. In other words, the gamma ray signal detected over 20 years ago corresponded to what it should look like when heavy elements are created and then distributed in a magnetar giant flare.
    Patel was so excited, “I wasn’t thinking about anything else for the next week or two. It was the only thing on my mind,” he said.
    Researchers supported their conclusion using data from two NASA heliophysics missions: the retired RHESSI (Reuven Ramaty High Energy Solar Spectroscopic Imager) and the ongoing NASA’s Wind satellite, which had also observed the magnetar giant flare. Other collaborators on the new study included Jared Goldberg at the Flatiron Institute.
    Next steps in the magnetar gold rush
    NASA’s forthcoming COSI (Compton Spectrometer and Imager) mission can follow up on these results. A wide-field gamma ray telescope, COSI is expected to launch in 2027 and will study energetic phenomena in the cosmos, such as magnetar giant flares. COSI will be able to identify individual elements created in these events, providing a new advancement in understanding the origin of the elements. It is one of many telescopes that can work together to look for “transient” changes across the universe.
    Researchers will also follow up on other archival data to see if other secrets are hiding in observations of other magnetar giant flares.
    “It very cool to think about how some of the stuff in my phone or my laptop was forged in this extreme explosion of the course of our galaxy’s history,” Patel said.
    Media Contact
    Elizabeth LandauHeadquarters, Washington202-358-0845elandau@nasa.gov

    MIL OSI USA News –

  • MIL-OSI USA: In the Starlight: Jason Phillips’ Unexpected Path to Johnson Procurement

    Source: NASA

    Sometimes an unexpected turn in a carefully planned career path leads to surprising opportunities for growth and exciting new experiences. For Jason Phillips, that turn steered toward NASA’s Johnson Space Center in Houston.

    Phillips joined the U.S. Air Force in 1994 and planned to serve for at least 20 years, but in 2010—while preparing for a third deployment after 14 years of service—he found himself facing a medical separation from the military. “In a very short amount of time I had to figure out next steps for a career and lifestyle that no longer involved being an active duty servicemember,” he said.
    Thanks to a special hiring authority obtained by Peterson Air Force Base’s Office of Procurement, Phillips was able to transition to the civil service and apply his experience as an Air Force contracting officer to a new role. Phillips returned home to Houston and shifted from a Defense Department job to NASA as a contract specialist, spending his first 10 years at Johnson supporting all aspects of the Center Operations Directorate. He was then tasked with the challenge of serving as a lead contracting officer within Johnson’s procurement office for the International Space Station Program.  
    Phillips currently leads a team of highly skilled acquisition professionals who support a variety of contracts that sustain the International Space Station’s operations, maximize science conducted aboard the orbiting laboratory, and pave the way for a seamless transition to commercial low Earth orbit destinations. He oversees the team’s daily work, which includes strategic planning and acquisition of contracts valued at more than $21 billion. Specifically, the team handles NASA’s Cargo Resupply Services contracts, a cooperative agreement with the Center for the Advancement of Science in Space, and the Research, Engineering & Mission Integration Services-2 contract.

     “I am responsible for providing high-quality procurement products, services, and support to ensure that executive and technical customer needs are met and exceeded while maintaining compliance with applicable statutes, regulations, and guidelines,” he said. That work has included modifying the program’s original acquisition strategy to minimize delays, target cost savings, and emphasize critical infrastructure and services such as the Environmental Control and Life Support Systems aboard the space station.
    Phillips enjoys seeing the direct impact of his work. “This career field almost always allows me to see the fruits of my labor, whether I am procuring office supplies and equipment or managing construction projects,” he said, noting that the remodeling of Johnson’s building 20 was his first project at the center. He is also proud to have supported the career progression of fellow procurement professionals and technical staff. “It’s a nod to those who came before me and provided me with their leadership and technical knowledge of procurement.”

    Phillips said that staying humble and accountable is key to finding mission-focused solutions that benefit everyone. He also cautioned against making assumptions. “The people around you are very willing to offer thoughts and insights into a solution to your problem,” he said. “There is so much knowledge to be gained by listening.”
    He encourages the Artemis Generation to seek opportunities to expand their technical knowledge and grow professionally. “Help yourself so that you may help others.”

    MIL OSI USA News –

  • MIL-OSI USA: President Trump Appoints 20 New Members to Federal Emergency Management Agency Review Council

    Source: US Federal Emergency Management Agency

    Headline: President Trump Appoints 20 New Members to Federal Emergency Management Agency Review Council

    ASHINGTON—Today, President Donald J

    Trump appointed 20 members to the Federal Emergency Management Agency (FEMA) Review Council, a bipartisan group tasked with reforming and streamlining the nation’s emergency management and disaster response system

    Secretary Kristi Noem and Secretary of Defense Pete Hegseth will co-chair the council

     
    The FEMA Review Council is charged with streamlining operations and ensuring FEMA delivers rapid, efficient, and mission-focused relief to Americans in need

     
    Appointed Members:

    Co-Chair: Secretary of Homeland Security Kristi Noem
    Co-Chair: Secretary of Defense Pete Hegseth
    Greg Abbott, Governor, State of Texas
    Phil Bryant, Former Governor, State of Mississippi
    Jane Castor, Mayor, City of Tampa, Florida
    Mark Cooper, Former Chief of Staff, Governor John Bel Edwards
    Rosie Cordero-Stutz, Sheriff, Miami-Dade County
    Evan Greenberg, CEO, Chubb Limited
    Kevin Guthrie, Executive Director, Florida Division of Emergency Management
    W

    Nim Kidd, Chief, Texas Division of Emergency Management
    Michael Whatley, Chairman, Republican National Committee
    Glenn Youngkin, Governor, Commonwealth of Virginia
    Robert J

    Fenton, Jr

    , Regional Administrator, Federal Emergency Management Agency

    About the FEMA Review CouncilOn January 24, 2025, the President established the Council to Assess the Federal Emergency Management Agency through Executive Order 14180, Council to Assess the Federal Emergency Management Agency

    The goal of the FEMA Review Council is to advise the President, through the Assistant to the President for National Security Affairs, the Assistant to the President for Homeland Security, and the Director of the Office of Management and Budget, on the existing ability of FEMA to capably and impartially address disasters occurring within the United States and shall advise the President on all recommended changes related to FEMA to best serve the national interest

     
    ###

    MIL OSI USA News –

  • MIL-OSI: Climb Channel Solutions Launches Global Partnership with Accelsius LLC

    Source: GlobeNewswire (MIL-OSI)

    EATONTOWN, N.J., May 01, 2025 (GLOBE NEWSWIRE) — Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB), is excited to announce its new partnership with Accelsius.

    Accelsius is a leader in next-generation liquid cooling solutions for high-performance computing environments. This partnership further strengthens Climb’s commitment to delivering innovative emerging technologies to its channel partners, equipping them with cutting-edge tools to meet the growing demands of AI, cloud, and data-intensive workloads.

    “Accelsius delivers the highest-performance, most protective liquid cooling technology available today,” said Josh Claman, CEO of Accelsius. “Our proprietary two-phase, direct-to-chip system not only handles the densest AI learning and inference workloads —it does so with unmatched energy efficiency and hardware protection. By partnering with Climb Channel Solutions, we’re extending that value through a channel-first approach that enables more partners to differentiate, scale, and lead in the data center market of tomorrow.”

    Accelsius employs a 100% channel-driven go-to-market strategy, focused on enabling partners with advanced technology, comprehensive training, and dedicated support. The decision to partner with Climb Channel Solutions reflects this commitment. Known for their expertise in emerging technologies and their ability to cultivate strong, technical channel relationships, Climb is well-positioned to help scale deployment of Accelsius’ NeuCool™ solution. Together, the two companies will empower resellers, integrators, and service providers to deliver two-phase, direct-to-chip liquid cooling to market more rapidly and effectively, addressing the increasing demand for sustainable, high-performance infrastructure.

    “At Climb, we’re committed to expanding our portfolio with cutting-edge technologies that address the evolving needs of today’s data-driven world,” said Dale Foster, CEO of Climb Channel Solutions. “Our partnership with Accelsius strengthens our position in the high-performance infrastructure space and gives our partners access to innovative solutions designed to meet the growing demand for data center technologies.”

    Those interested in distribution services and solutions should contact Climb by phone at +1.800.847.7078 (US), or +1.888.523.7777 (Canada), or by email at Sales@ClimbCS.com.

    About Climb Channel Solutions and Climb Global Solutions

    Climb Channel Solutions is a global specialty technology distributor focusing on Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & Application Lifecycle. What sets Climb apart is our commitment to transform distribution by providing emerging and established IT technologies, flexible financing, real-time quoting, best of breed channel operations, speed to market, and exceptional service to our partners worldwide. Climb Channel Solutions is a wholly owned subsidiary of Climb Global Solutions (NASDAQ: CLMB). Experience the Climb difference and learn how our people-first approach empowers VARs and MSPs to grow, scale, and accelerate their business. Visit www.ClimbCS.com, call 1-800-847-7078, and connect with us on LinkedIn!

    For Media & PR inquiries contact:
    Climb Channel Solutions
    Media Relations
    media@ClimbCS.com

    Investor Relations Contact:
    Elevate IR
    Sean Mansouri, CFA
    T: 720-330-2829
    CLMB@elevate-ir.com

    About Accelsius

    Founded by Innventure, Inc. (NASDAQ:INV), Accelsius empowers data center and edge operators to achieve their business, financial, and sustainability goals through advanced cooling solutions. The proprietary NeuCool platform provides best-in-class thermal efficiencies through a safe, two-phase liquid cooling system that scales from single racks to entire data centers. For more information, visit www.accelsius.com or follow us on LinkedIn.

    For Media & PR inquiries contact:
    Treble

    McKenzie Covell

    accelsius@treblepr.com

    The MIL Network –

  • MIL-OSI: Lantronix to Report Fiscal 2025 Third Quarter Results on May 8, 2025

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., May 01, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (the “Company”) (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced it will release financial results from its fiscal 2025 third quarter, ended March 31, 2025, after the close of the market on Thursday, May 8, 2025.

    Management will host an investor conference call and audio webcast at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on May 8, 2025. To access the live conference call, investors should dial 1-844-802-2442 (U.S.) or 1-412-317-5135 (international) and indicate they are participating in the Lantronix fiscal 2025 third-quarter call. The webcast will be available simultaneously via the investor relations section of the Company’s website.

    Investors can access a conference call replay starting at approximately 8:00 p.m. Pacific Time on May 8, 2025, on the Lantronix website. A telephonic replay will also be available through May 15, 2025, by dialing 1-877-344-7529 (US) or 1-412-317-0088 (international) or Canada Toll-Free 855-669-9658 and entering passcode 3110521.

    About Lantronix

    Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

    For more information, visit the Lantronix website.

    Lantronix Media Contact:        
    Gail Kathryn Miller
    Corporate Marketing &
    Communications Manager
    media@lantronix.com

    Lantronix Analyst and Investor Contact:        
    investors@lantronix.com

    © 2025 Lantronix Inc. All rights reserved. Lantronix is a registered trademark, and SLB and SLC are trademarks of Lantronix Inc. Other trademarks and trade names are those of their respective owners.

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI: Bitfarms Provides April 2025 Production and Operations Update

    Source: GlobeNewswire (MIL-OSI)

    – New private debt facility with a division of Macquarie Group for up to $300 million to fund initial HPC project development at Panther Creek, validating the attractiveness of Bitfarms’ potential HPC data center development pipeline-

    –Operational hashrate of 19.5 EHuM and fleet efficiency of 19 w/TH–

    This news release constitutes a “designated news release” for the purposes of the Company’s second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023.

    TORONTO, Ontario, May 01, 2025 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF), a global energy and compute infrastructure company, today issued its latest monthly production report. All financial references are in U.S. dollars.

    CEO Ben Gagnon stated, “In April, we secured an attractive financing facility for up to $300 million with a division of Macquarie Group, one of the world’s largest and most reputable infrastructure investors. These funds will be used solely to fund HPC data center development at our Panther Creek location. Panther Creek has the scale, location, power availability, and fiber connectivity that we expect will attract notable HPC counterparties. This site also has the quickest energization timeline of our three PA sites, and we are already working on the Site Map Plans, development timelines and renderings needed in order to begin to build out the powered land.

    “We are confident this partnership will not only accelerate our buildout at Panther Creek, but also open doors to future opportunities with Macquarie as we look to scale our project and potentially expand to other sites within our portfolio. Amidst the surging AI revolution and the growing demand for power and infrastructure, this financing arrives at a pivotal time. We believe the analyses provided by our strategic partners, ASG and WWT, along with Macquarie’s due diligence and industry expertise, validate our HPC opportunity thesis at Panther Creek, strengthen our HPC pipeline and strategy, and position Bitfarms as a market leader in sourcing and developing large-scale, high-quality HPC data center projects.

    “Our Bitcoin business is strong, and we remain bullish on mining economics with our newly upgraded mining fleet.  We have no need nor plans for a large miner purchase in 2025 or 2026, enabling us to focus our efforts on developing U.S. energy and HPC infrastructure, which we believe will create lasting shareholder value.”

    April 2025 Select Operating Highlights

    Key Performance Indicators April 2025 March 2025
    (proforma)
    Total BTC earned 268 280
    Month End Operating EHuM 19.5 19.5
    BTC/Avg. EH/s 16 17
    Average Operating EHuM 17.2 16.4
    Energized Capacity (MW) 461 461
    Watts/Terahash Efficiency (w/TH) 19 19
    • 19.5 EHuM operational at April 30, 2025.
    • 17.2 EHuM average operational, up 5% M/M.
    • 16 BTC/average EHuM, 6% lower M/M.
    • 268 BTC earned, 4% lower M/M.
    • 8.9 BTC earned daily on average, equal to ~$837,000 per day based on a BTC price of $94,000 at April 30, 2025.

    April 2025 Financial Update

    • Treasury of 1,005 BTC, down from 1,140 BTC last month and representing $94 million based on the Bitcoin price of $94,000 at April 30, 2025.

    About Bitfarms Ltd.
    Founded in 2017, Bitfarms is a global energy and compute infrastructure company that develops, owns, and operates vertically integrated HPC and Bitcoin mining data centers. Bitfarms currently has 15 operating Bitcoin data centers situated in four countries: the United States, Canada, Argentina and Paraguay.

    Powered primarily by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com
    https://www.facebook.com/bitfarms/
    https://x.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    Glossary of Terms

    • Y/Y or M/M= year over year or month over month
    • BTC or BTC/day = Bitcoin or Bitcoin per day
    • EH or EH/s = Exahash or exahash per second
    • EHuM = Exahash Under Management, which includes Bitfarms’ proprietary hashrate and hashrate being hosted by Bitfarms for third-party hosting clients
    • MW or MWh = Megawatts or megawatt hour
    • GW or GWh= Gigawatts or gigawatt hour
    • w/TH = Watts/Terahash efficiency (includes cost of powering supplementary equipment)
    • HPC/AI = High Performance Computing / Artificial Intelligence
    • Energized capacity= Power available

    Forward-Looking Statements

    This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding the North American energy and compute infrastructure strategy, opportunities relating to the potential of the Company’s data centers for HPC/AI opportunities, the potential to deploy the proceeds of the Macquarie Group financing facility at the Panther Creek location, the merits and ability to secure long-term contracts associated with HPC/AI customers, the success of the Company’s HPC/AI strategy in general and its ability to capitalize on growing demand for AI computing while securing predictable cash flows and revenue diversification, the Company’s energy pipeline and its anticipated megawatt growth, the Company’s ability to drive greater shareholder value, projected growth, target hashrate, and other statements regarding future growth, plans and objectives of the Company are forward-looking information.

    Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information.

    This forward-looking information is based on assumptions and estimates of management of Bitfarms at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Bitfarms to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors, risks and uncertainties include, among others: an inability to apply the Company’s data centers to HPC/AI opportunities on a profitable basis; a failure to secure long-term contracts associated with HPC/AI customers on terms which are economic or at all; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; an inability to satisfy the Panther Creek location related milestones which are conditions to loan drawdowns under the Macquarie Group financing facility; an inability to deploy the proceeds of the Macquarie Group financing facility to generate positive returns at the Panther Creek location; new miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; the ongoing ability to successfully mine digital currency is not assured; failure of the equipment upgrades to be installed and operated as planned; the availability of additional power may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the power purchase agreements and economics thereof may not be as advantageous as expected; potential environmental cost and regulatory penalties due to the operation of the former Stronghold plants which entail environmental risk and certain additional risk factors particular to the former business and operations of Stronghold including, land reclamation requirements may be burdensome and expensive, changes in tax credits related to coal refuse power generation could have a material adverse effect on the business, financial condition, results of operations and future development efforts, competition in power markets may have a material adverse effect on the results of operations, cash flows and the market value of the assets, the business is subject to substantial energy regulation and may be adversely affected by legislative or regulatory changes, as well as liability under, or any future inability to comply with, existing or future energy regulations or requirements, the operations are subject to a number of risks arising out of the threat of climate change, and environmental laws, energy transitions policies and initiatives and regulations relating to emissions and coal residue management, which could result in increased operating and capital costs and reduce the extent of business activities, operation of power generation facilities involves significant risks and hazards customary to the power industry that could have a material adverse effect on our revenues and results of operations, and there may not have adequate insurance to cover these risks and hazards, employees, contractors, customers and the general public may be exposed to a risk of injury due to the nature of the operations, limited experience with carbon capture programs and initiatives and dependence on third-parties, including consultants, contractors and suppliers to develop and advance carbon capture programs and initiatives, and failure to properly manage these relationships, or the failure of these consultants, contractors and suppliers to perform as expected, could have a material adverse effect on the business, prospects or operations; the digital currency market; the ability to successfully mine digital currency; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of hydroelectricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power to operate cryptocurrency mining assets; the risks of an increase in electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which Bitfarms operates and the potential adverse impact on profitability; future capital needs and the ability to complete current and future financings, including Bitfarms’ ability to utilize an at-the-market offering program ( “ATM Program”) and the prices at which securities may be sold in such ATM Program, as well as capital market conditions in general; share dilution resulting from an ATM Program and from other equity issuances; the risks of debt leverage and the ability to service and eventually repay the Macquarie Group financing facility; volatile securities markets impacting security pricing unrelated to operating performance; the risk that a material weakness in internal control over financial reporting could result in a misstatement of financial position that may lead to a material misstatement of the annual or interim consolidated financial statements if not prevented or detected on a timely basis; risks related to the Company ceasing to qualify as an “emerging growth company”; risks related to unsolicited investor interest, takeover proposals, shareholder activism or proxy contests relating to the election of directors; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; and the adoption or expansion of any regulation or law that will prevent Bitfarms from operating its business, or make it more costly to do so. For further information concerning these and other risks and uncertainties, refer to Bitfarms’ filings on www.sedarplus.ca (which are also available on the website of the U.S. Securities and Exchange Commission (the “SEC”) at www.sec.gov), including the management’s discussion & analysis for the year-ended December 31, 2024 Although Bitfarms has attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by Bitfarms. There can be no assurance that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. Bitfarms does not undertake any obligation to revise or update any forward-looking information other than as required by law. Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

    Investor Relations Contact:

    Bitfarms
    Tracy Krumme
    SVP, Head of IR & Corp. Comms.
    +1 786-671-5638
    tkrumme@bitfarms.com

    Media Contact: 

    Bitfarms
    Caroline Brady Baker 
    Director, Communications   
    cbaker@bitfarms.com 

    The MIL Network –

  • MIL-OSI: Westhaven Announces Brokered Private Placement for Gross Proceeds of up to C$4.0 Million

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

    VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) (“Westhaven” or the “Company”) is pleased to announce that the Company has entered into an agreement with Red Cloud Securities Inc. (the “Agent”) to act as sole agent and bookrunner in connection with a best efforts, private placement (the “Offering“) for aggregate gross proceeds of up to C$4,000,000 from the sale of any combination of the following, provided that at least 50% of the gross proceeds of the Offering, which includes the potential gross proceeds of the Agent’s Option (as defined below), will be raised from the sale of Units (as defined herein):

    • units of the Company (each, a “Unit”) at a price of C$0.12 per Unit;
    • common shares of the Company that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a “FT Share”) at a price of C$0.135 per FT Share; and
    • flow-through units of the Company to be sold to charitable purchasers (each, a “Charity FT Unit”, and collectively with the Units and FT Shares, the “Offered Securities”) at a price of C$0.18 per Charity FT Unit.

    Each Unit will consist of one common share of the Company (each, a “Unit Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Charity FT Unit will consist of one FT Share and one half of one Warrant. Each whole Warrant shall entitle the holder to purchase one common share of the Company (each, a “Warrant Share”) at a price of C$0.18 at any time on or before that date which is 24 months after the closing date of the Offering.

    The Agent will have an option, exercisable in full or in part, up to 48 hours prior to the closing of the Offering, to sell up to an additional C$600,000 in Offered Securities (the “Agent’s Option”).

    The Offered Securities will be offered by way of the “accredited investor” and “minimum amount investment” exemptions under NI 45-106 in the provinces of Alberta, British Columbia, Manitoba, Ontario and Saskatchewan. The Units may also be sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933 (the “U.S. Securities Act“), as amended. The Unit Shares, FT Shares and Warrant Shares issuable from the sale of Offered Securities will be subject to a hold period ending on the date that is four months plus one day following the closing date of the Offering under applicable Canadian securities laws.

    The Company intends to use the net proceeds from the sale of Units for working capital and general corporate purposes. The gross proceeds from the issuance of the FT Shares will be used for Canadian exploration expenses on the Company’s projects in British Columbia and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) (the “Qualifying Expenditures”), which will be incurred on or before December 31, 2026 and renounced to the subscribers with an effective date no later than December 31, 2025 in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares.

    The Offering is scheduled to close on or around May 15, 2025, or such other date as the Company and the Agent may agree, and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.

    The Company will pay to the Agent a cash commission of 6% of the gross proceeds raised in respect of the Offering, including any exercise of the Agent’s Option (the “Agent’s Commission”). In addition, the Company will issue to the Agent warrants of the Company (each warrant, a “Broker Warrant”), exercisable for a period of 24 months following the Closing Date, to acquire in aggregate that number of common shares of the Company which is equal to 6% of the number of Offered Securities sold under the Offering, including any exercise of the Agent’s Option, at an exercise price equal to C$0.12 per common share.

    To the extent that any directors and/or officers of the Company participate in the Offering, such participation will constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company expects any participation by directors and officers in the Offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 based on the fact that neither the fair market value of the Units, FT Shares or Charity FT Units subscribed for by directors and officers, nor the consideration for such securities to be paid by them, will exceed 25% of the Company’s market capitalization.

    The securities offered have not been, nor will they be, registered under the U.S. Securities Act, as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

    On behalf of the Board of Directors

    WESTHAVEN GOLD CORP.

    “Gareth Thomas”

    Gareth Thomas, Director

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    About Westhaven Gold Corp.

    Westhaven is a gold-focused exploration company targeting low sulphidation, high-grade, epithermal style gold mineralization within Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls ~61,512 hectares (~615 square kilometres) within four gold properties spread along this underexplored belt. The Shovelnose Gold Project is the most advanced property, with an updated 2025 Preliminary Economic Assessment that validates the Project’s potential as a robust, low cost and high margin 11-year underground gold mining opportunity with average annual life-of-mine gold production of 56,000 ounces and having a Cdn$454 million after-tax NPV6% and 43.2% IRR (base case parameters of US$2,400 per ounce gold, US$28 per ounce silver and CDN/US$ exchange rate of $0.72). Initial capital costs are projected to be Cdn$184 million with a payback period of 2.1 years. Please see Westhaven’s news release dated March 3rd, 2025 (Link: March 3, 2025 News Release) for details of the updated PEA. The technical report supporting this disclosure can be found under the Company’s profile on Sedar+ (www.sedarplus.ca) and on the Company’s website. The Shovelnose Gold Project is situated off a major highway, near power, rail, large producing mines, pipelines and within commuting distance from the city of Merritt, which translates into low-cost exploration and development. Qualified Person: The technical and scientific information in this news release has been reviewed and approved by Peter Fischl, P.Geo, who is a Qualified Person for the Company under the definitions established by National Instrument 43-101 Standards of Disclosure for Mineral Projects. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at www.westhavengold.com.

    Forward-Looking Statements:

    This press release contains “forward-looking information” within the meaning of applicable Canadian and United States securities laws, which is based upon the Company’s current internal expectations, estimates, projections, assumptions and beliefs. The forward-looking information included in this press release are made only as of the date of this press release. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the Company’s expectations with respect to the Offering; the use of proceeds of the Offering; completion of the Offering and the date of such completion. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Company. Such forward-looking statements and forward-looking information often, but not always, can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

    Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, and without limitation: that the Offering may not close within the timeframe anticipated or at all or may not close on the terms and conditions currently anticipated by the Company for a number of reasons including, without limitation, as a result of the occurrence of a material adverse change, disaster, change of law or other failure to satisfy the conditions to closing of the Offering; the Company will not be able to raise sufficient funds to complete its planned exploration program; that the Company will not derive the expected benefits from its current program; the Company may not use the proceeds of the Offering as currently contemplated; the Company may fail to find a commercially viable deposit at any of its mineral properties; the Company’s plans may be adversely affected by the Company’s reliance on historical data compiled by previous parties involved with its mineral properties; mineral exploration and development are inherently risky industries; the mineral exploration industry is intensely competitive; additional financing may not be available to the Company when required or, if available, the terms of such financing may not be favourable to the Company; fluctuations in the demand for gold or gold prices generally; the Company may not be able to identify, negotiate or finance any future acquisitions successfully, or to integrate such acquisitions with its current business; the Company’s exploration activities are dependent upon the grant of appropriate licenses, concessions, leases, permits and regulatory consents, which may be withdrawn or not granted; the Company’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; there is no guarantee that title to the properties in which the Company has a material interest will not be challenged or impugned; the Company faces various risks associated with mining exploration that are not insurable or may be the subject of insurance which is not commercially feasible for the Company; the volatility of global capital markets over the past several years has generally made the raising of capital more difficult; inflationary cost pressures may escalate the Company’s operating costs; compliance with environmental regulations can be costly; social and environmental activism can negatively impact exploration, development and mining activities; the success of the Company is largely dependent on the performance of its directors and officers; the Company’s operations may be adversely affected by First Nations land claims; the Company and/or its directors and officers may be subject to a variety of legal proceedings, the results of which may have a material adverse effect on the Company’s business; the Company may be adversely affected if potential conflicts of interests involving its directors and officers are not resolved in favour of the Company; the Company’s future profitability may depend upon the world market prices of gold; dilution from future equity financing could negatively impact holders of the Company’s securities; failure to adequately meet infrastructure requirements could have a material adverse effect on the Company’s business; the Company’s projects now or in the future may be adversely affected by risks outside the control of the Company; the Company is subject to various risks associated with climate change, the Company is subject to general global risks arising from epidemic diseases, the ongoing conflicts in Ukraine and the Middle East, rising inflation, tariffs and interest rates and the impact they will have on the Company’s operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all is uncertain; as well as other risk factors in the Company’s other public filings available at www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The Company cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. The Company undertakes no duty to update any of the forward-looking information to conform such information to actual results or to changes in the Company’s expectations, except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this offering document is expressly qualified by this cautionary statement.

    The MIL Network –

  • MIL-OSI: TC Energy reports solid first quarter 2025 results

    Source: GlobeNewswire (MIL-OSI)

    Expect to place approximately $8.5 billion of projects into service in 2025, tracking to roughly 15 per cent under budget

    Announced $2.4 billion of new natural gas and nuclear power generation growth projects

    CALGARY, Alberta, May 01, 2025 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its first quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, “As natural gas and electricity are forecasted to drive the majority of growth in final energy consumption through 2035, we are pleased to announce two new growth projects that represent strategic investments in North America’s energy future. We have approved the Northwoods project on our ANR system, designed to serve electric generation demand in the U.S. Midwest, including data centres and overall economic growth.” Poirier continued, “Demonstrating our commitment to delivering long-lived value through investment in high-quality, emission-less nuclear power generation, we have also sanctioned Unit 5 at Bruce Power for its Major Component Replacement. Backed by long-term contracts with credible counterparties and attractive build multiples1, these projects collectively highlight our disciplined strategy and our ability to capture high-value, low-risk opportunities across our portfolio.”

    Financial Highlights
    (All financial figures are unaudited and in Canadian dollars unless otherwise noted)

    • First quarter 2025 financial results from continuing operations2:
      • Comparable earnings3 of $1.0 billion or $0.95 per common share compared to $1.1 billion or $1.02 per common share in first quarter 2024
      • Net income attributable to common shares of $1.0 billion or $0.94 per common share compared to $1.0 billion or $0.95 per common share in first quarter 2024
      • Comparable EBITDA2 of $2.7 billion, similar to first quarter 2024
      • Segmented earnings of $2.0 billion compared to $1.9 billion in first quarter 2024
    • Reaffirming 2025 outlook:
      • Comparable EBITDA is expected to be $10.7 to $10.9 billion4
      • Comparable earnings per common share (EPS) outlook remains consistent with our 2024 Annual Report, and is expected to be lower than 2024
      • Capital expenditures are anticipated to be $6.1 to $6.6 billion on a gross basis, or $5.5 to $6.0 billion of net capital expenditures5
    • Declared a quarterly dividend of $0.85 per common share for the quarter ending June 30, 2025.

    Operational Highlights

    • Canadian Natural Gas Pipelines deliveries averaged 27.6 Bcf/d, up eight per cent compared to first quarter 2024
      • Total NGTL System deliveries set a new record of 17.8 Bcf on February 18, 2025
      • Canadian Mainline receipts averaged 5.0 Bcf/d, an increase of 14 per cent compared to first quarter 2024
    • U.S. Natural Gas Pipelines daily average flows were 31.0 Bcf/d, up five per cent compared to first quarter 2024
      • GTN set a new all-time record of 3.2 Bcf on February 19, 2025
      • Deliveries to LNG facilities averaged 3.5 Bcf/d, up five per cent compared to first quarter 2024
    • Mexico Natural Gas Pipelines flows averaged 3.1 Bcf/d, six per cent higher than first quarter 2024
      • Set a daily flow record of 4.1 Bcf on March 31, 2025
    • Bruce Power achieved 87 per cent availability in first quarter 2025, reflecting a planned outage on Unit 5
    • Cogeneration power plant fleet achieved 98.6 per cent availability in first quarter 2025, attributed to fewer forced outages and spring outages completed successfully ahead of plan.

    Project Highlights

    • The Southeast Gateway pipeline is ready for service. CFE has agreed to our contracted rate and accepted all requirements for in-service. Approval of our regulated rates from the Comisión Nacional de Energía (CNE) is expected by the end of May, at which time we anticipate the in-service of the Southeast Gateway pipeline. While 100 per cent of our capacity is contracted with the CFE and we have no requests for interruptible service, approval of the regulated rate by the CNE is normal course prior to commencing service. The 1.3 Bcf/d, 715-kilometre natural gas pipeline was constructed approximately 13 per cent under the original cost estimate in less than three years from the project’s final investment decision
    • Approved the Northwoods project, an expansion project on our ANR system designed to provide 0.4 Bcf/d of capacity to serve natural gas-fired electric generation demand in the U.S. Midwest, including data centres and overall economic growth. The project has an anticipated in-service date of late 2029 with an estimated cost of approximately US$0.9 billion, and expects to deliver a compelling build multiple in the range of five to seven times
    • Received approval of the Unit 5 Major Component Replacement (MCR) final cost and schedule estimate from the Ontario Independent Electricity System Operator (IESO) on April 2, 2025. The $1.1 billion Unit 5 MCR is expected to commence in fourth quarter 2026 with a return to service in early 2030
    • ANR and GLGT each filed Section 4 Rate Cases with FERC requesting an increase to their respective maximum transportation rates expected to become effective November 1, 2025, subject to refund. We will pursue a collaborative process to find a mutually beneficial outcome with our customers through settlement.
        three months ended
    March 31
    (millions of $, except per share amounts)     2025       20241  
             
    Income        
    Net income (loss) attributable to common shares from continuing operations     978       988  
    per common share – basic   $ 0.94     $ 0.95  
             
    Segmented earnings (losses)        
    Canadian Natural Gas Pipelines     516       501  
    U.S. Natural Gas Pipelines     1,109       1,043  
    Mexico Natural Gas Pipelines     211       212  
    Power and Energy Solutions     135       252  
    Corporate     (5 )     (61 )
    Total segmented earnings (losses)     1,966       1,947  
             
    Comparable EBITDA from continuing operations        
    Canadian Natural Gas Pipelines     890       846  
    U.S. Natural Gas Pipelines     1,367       1,306  
    Mexico Natural Gas Pipelines     233       214  
    Power and Energy Solutions     224       320  
    Corporate     (5 )     (16 )
    Comparable EBITDA from continuing operations     2,709       2,670  
    Depreciation and amortization     (678 )     (635 )
    Interest expense included in comparable earnings     (840 )     (780 )
    Allowance for funds used during construction     248       157  
    Foreign exchange gains (losses), net included in comparable earnings     (10 )     43  
    Interest income and other     51       75  
    Income tax (expense) recovery included in comparable earnings     (292 )     (281 )
    Net (income) loss attributable to non-controlling interests included in comparable earnings     (177 )     (171 )
    Preferred share dividends     (28 )     (23 )
    Comparable earnings from continuing operations     983       1,055  
    Comparable earnings per common share from continuing operations   $ 0.95     $ 1.02  
             
        three months ended
    March 31
    (millions of $, except per share amounts)     2025       2024  
             
    Cash flows2        
    Net cash provided by operations3     1,359       2,042  
    Comparable funds generated from operations3,4     1,949       2,436  
    Capital spending5     1,809       1,897  
    Disposition of equity interest, net of transaction costs6     —       (38 )
             
    Dividends declared        
    per common share   $ 0.85   7 $ 0.96  
             
    Basic common shares outstanding(millions)        
    – weighted average for the period     1,039       1,037  
    – issued and outstanding at end of period     1,040       1,037  
    1. Results reflect continuing operations.
    2. Includes continuing and discontinued operations.
    3. Represents three months of Liquids Pipelines earnings in first quarter 2024 compared to Liquids Pipelines earnings of nil for the three months ended March 31, 2025. Refer to the Discontinued operations section and the 2024 Annual Report for additional information.
    4. Comparable funds generated from operations is a non-GAAP measure used throughout this news release. This measure does not have any standardized meaning under GAAP and therefore is unlikely to be comparable to similar measures presented by other companies. The most directly comparable GAAP measure is net cash provided by operations. For more information on non-GAAP measures, refer to the Non-GAAP Measures section of this news release.
    5. Capital spending reflects cash flows associated with our Capital expenditures, Capital projects in development and Contributions to equity investments. Refer to Note 4, Segmented information of our Condensed consolidated financial statements for additional information.
    6. Included in the Financing activities section of the Condensed consolidated statement of cash flows.
    7. Reflects TC Energy’s proportionate allocation following the spinoff Transaction.

    CEO Message
    Throughout the first three months of 2025, TC Energy showcased the strength of our business and our position as an industry leading natural gas and power and energy solutions company. While evolving macroeconomic conditions continue to contribute to market uncertainty, we have reaffirmed our 2025 outlook based on our highly contracted, low-risk business with 97 per cent of our comparable EBITDA underpinned by rate-regulation and/or long-term take-or-pay contracts. We delivered strong operational and financial results, achieving approximately one per cent growth in both comparable EBITDA and segmented earnings compared to first quarter 2024, despite removing a second unit from service at Bruce Power for its MCR. These results continue to demonstrate the overall resiliency of our business. We remain focused on maximizing the value of our assets through safety and operational excellence, executing our selective portfolio of growth projects and ensuring financial strength and agility as we deliver solid growth, low risk and repeatable performance for our shareholders.

    The Southeast Gateway pipeline is now ready for service, representing a significant milestone in project execution. The 1.3 Bcf/d, 715-kilometre natural gas pipeline was constructed approximately 13 per cent under the original cost estimate in less than three years from the project’s final investment decision. Our partner and customer, CFE, has agreed to our contracted rate and accepted all requirements for in-service. We are jointly working with the CNE and the Secretary of Energy to obtain the approval of the regulatory rates, required for interruptible service. While 100 per cent of our capacity is contracted with the CFE and we have no requests for interruptible service, approval of the regulated rate by the CNE is normal course and required by Mexican regulation prior to commencing service. We expect to receive CNE approval by the end of May, at which time we anticipate the in-service of the Southeast Gateway pipeline. Southeast Gateway in-service will represent an important inflection point for TC Energy, contributing significant long-term contracted cash flow to our overall growth profile. The Government of Mexico has announced plans to bring approximately 29 gigawatts of new installed capacity online by 2030, including approximately 8.5 gigawatts of capacity from new natural gas plants6. The Southeast Gateway project is a critical component of this plan, strategically positioned to support operations of 10 of 14 planned natural gas power plants that support the country’s transition to lower-emitting, more reliable sources of energy while driving economic growth and energy security.

    As natural gas and electricity are forecasted to drive the majority of growth in final energy consumption through 2035, TC Energy’s portfolio of natural gas and power assets are presented with attractive in-corridor opportunities with visibility through the end of the decade. Reflecting this opportunity, we have sanctioned the Northwoods project on our ANR system in the range of a five to seven times build multiple. Under a 20 year, take-or-pay contract, the estimated US$0.9 billion project is designed to serve natural gas-fired electric generation demand in the U.S. Midwest, including data centres and overall economic growth. The estimated in-service date of the 0.4 Bcf/d capacity project is late 2029. The Northwoods project exemplifies our strategic focus on executing high value, in-corridor, low-risk projects at attractive build multiples, underpinned by long-term take-or-pay contracts with creditworthy counterparties, allowing us to continue to deliver solid growth, low risk and repeatable performance.

    Looking forward, led by a three-fold increase in LNG exports, strong growth in power generation driven by coal-to-gas conversions and data centre demand, we expect our assets will play a pivotal role in the delivery of reliable, affordable and sustainable energy. Our origination pipeline remains one of the most robust we have seen in decades, with several projects in advanced stages of development, largely related to coal-to-gas conversions and data centre demand growth. Over the past six months, we have sanctioned approximately $4 billion of new capital projects and believe we have line of sight to an increased cadence of project announcements in the second half of 2025 and into 2026. While we anticipate the majority of incremental capital would be weighted toward the end of the decade, we have added capital expenditures in 2025 and 2026 that further enhances our comparable EBITDA growth profile in 2027 and beyond, while ensuring the safety and reliability of our systems. These investments directly support service provided to our customers and their requests for capacity additions. Consistent with our disciplined approach to capital allocation, we expect projects to align with our target of five to seven times build multiples and underpinned by long-term contracts with strong counterparties.

    As electricity demand in Ontario is anticipated to grow 75 per cent by 20507, Bruce Power continues play a critical role. On April 2, 2025, we received approval of the Unit 5 MCR final cost and schedule estimate from the Ontario IESO. The $1.1 billion Unit 5 MCR is expected to commence in fourth quarter 2026 with a return to service in early 2030. As we progress the refurbishment program at Bruce Power, the team remains focused on achieving the highest level of reliability, availability and safety performance at the site. On January 31, 2025, Unit 4 was removed from service to commence its MCR program, with a return to service expected in 2028. Unit 3 MCR and Unit 4 MCR continue to advance on plan for both cost and schedule. The average 2025 plant availability percentage, excluding the Unit 3 and Unit 4 MCR programs, is expected to be in the low-90 per cent range, and reflects planned maintenance on Unit 2 anticipated in the third quarter of 2025. The MCR program provides TC Energy with line of sight to meaningful growth capital at attractive returns through the end of the decade, backed by a long-term contract to 2064 with the Ontario IESO.

    We continue to expect approximately $8.5 billion of projects to be placed into service in 2025, which includes the Southeast Gateway pipeline project. Our focus on project execution is a cornerstone of our strategic priorities. For the remaining projects anticipated to be placed in service in 2025, we are tracking to schedule and below initial cost estimates. High-grading projects remains a priority to optimize returns to maximize value. We will continue to sanction projects with a compelling risk/return profile to fill our $6.0 billion annual net capital expenditure limit and extend the duration of our project backlog, ensuring visibility to growth opportunities through 2030. Through this, we can continue to organically grow comparable EBITDA to support our three to five per cent dividend growth target and further reduce leverage over time.

    TC Energy’s Board of Directors approved a quarterly common share dividend of $0.85 per common share for the quarter ending June 30, 2025, equivalent to $3.40 per common share on an annualized basis.

    Teleconference and Webcast
    We will hold a teleconference and webcast on Thursday, May 1, 2025 at 6:30 a.m. (MDT) / 8:30 a.m. (EDT) to discuss our first quarter 2025 financial results and Company developments. Presenters will include François Poirier, President and Chief Executive Officer; Sean O’Donnell, Executive Vice-President and Chief Financial Officer; and other members of the executive leadership team.

    Members of the investment community and other interested parties are invited to participate by calling 1-833-752-3826 (Canada/U.S.) or 1-647-846-8864 (International toll). No passcode is required. Please dial in 15 minutes prior to the start of the call. Alternatively, participants may pre-register for the call here. Upon registering, you will receive a calendar booking by email with dial in details and a unique PIN. This process will bypass the operator and avoid the queue. Registration will remain open until the end of the conference call.

    A live webcast of the teleconference will be available on TC Energy’s website at TC Energy — Events and presentations or via the following URL: https://www.gowebcasting.com/13942. The webcast will be available for replay following the meeting.

    A replay of the teleconference will be available two hours after the conclusion of the call until midnight EDT on May 8, 2025. Please call 1-855-669-9658 (Canada/U.S.) or 1-412-317-0088 (International toll) and enter passcode 6585702.

    The unaudited interim Condensed consolidated financial statements and Management’s Discussion and Analysis (MD&A) are available on our website at www.TCEnergy.com and will be filed today under TC Energy’s profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov.

    About TC Energy
    We’re a team of 6,500+ energy problem solvers connecting the world to the energy it needs. Out extensive network of natural gas infrastructure assets is one-of-a-kind. We seamlessly move, generate and store energy and deliver it to where it is needed most, to home and businesses in North America and across the globe through LNG exports. Our natural gas assets are complemented by our strategic ownership and low-risk investments in power generation.

    TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at www.TCEnergy.com.

    Forward-Looking Information
    This release contains certain information that is forward-looking and is subject to important risks and uncertainties and is based on certain key assumptions. Forward-looking statements are usually accompanied by words such as “anticipate”, “expect”, “believe”, “may”, “will”, “should”, “estimate” or other similar words. Forward-looking statements in this document may include, but are not limited to, statements related to expectations with respect to Southeast Gateway, including receipt of CNE approval, in-service date, cash flows and other impacts, expectations related to Northwoods project, including expected in-service dates and related expected capital expenditures, expected comparable EBITDA and comparable earnings in total and per common share and the sources thereof, expectations with respect to Bruce Power, including the MCR program and associated cost and schedule estimates, expectations with respect to the approximate value of projects to be placed in-service in 2025, expectations with respect to identified FERC rate cases, including timelines, processes and outcomes, expectations with respect to our strategic priorities, and the execution thereof, expectations with respect to our ability to maximize the value of our assets through safety and operational excellence, expected cost and schedules for planned projects, including projects under construction and in development and the associated capital expenditures, expectations about energy demand levels and drivers thereof, expectations about our ability to execute our identified portfolio of growth projects and ensure financial strength and agility, our ability to deliver solid growth, low risk and repeatable performance, our expected net capital expenditures, including timing, and expected industry, market and economic conditions, and ongoing trade negotiations, including their expected impact on our business, customers and suppliers. Our forward-looking information is subject to important risks and uncertainties and is based on certain key assumptions. Forward-looking statements and future-oriented financial information in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, including management’s assessment of TC Energy’s and its subsidiaries’ future plans and financial outlook. All forward-looking statements reflect TC Energy’s beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking information due to new information or future events, unless we are required to by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the most recent Quarterly Report to Shareholders and the 2024 Annual Report filed under TC Energy’s profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov and the “Forward-looking information” section of our Report on Sustainability and our GHG Emissions Reduction Plan which are available on our website at www.TCEnergy.com.

    Non-GAAP and Supplementary Financial Measure
    This release contains references to the following non-GAAP measures: comparable EBITDA, comparable earnings, comparable earnings per common share and comparable funds generated from operations. These non-GAAP measures do not have any standardized meaning as prescribed by GAAP and therefore may not be comparable to similar measures presented by other entities. These non-GAAP measures are calculated by adjusting certain GAAP measures for specific items we believe are significant but not reflective of our underlying operations in the period. These comparable measures are calculated on a consistent basis from period to period and are adjusted for specific items in each period, as applicable except as otherwise described in the Condensed consolidated financial statements and MD&A. Refer to: (i) each business segment and the discontinued operations section for a reconciliation of comparable EBITDA to segmented earnings (losses); (ii) Consolidated results section and the discontinued operations section for reconciliations of comparable earnings and comparable earnings per common share to Net income attributable to common shares and Net income per common share, respectively; and (iii) Financial condition section for a reconciliation of comparable funds generated from operations to Net cash provided by operations. Refer to the Non-GAAP Measures section of the MD&A in our most recent quarterly report for more information about the non-GAAP measures we use. The MD&A is included with, and forms part of, this release. The MD&A can be found on SEDAR+ at www.sedarplus.ca under TC Energy’s profile.

    This release contains references to build multiple, which is non-GAAP ratio which is calculated using capital expenditures and comparable EBITDA, of which comparable EBITDA is a non-GAAP measure. We believe build multiple provides investors with a useful measure to evaluate capital projects.

    This release also contains references to net capital expenditures, which is a supplementary financial measure. Net capital expenditures represent capital costs incurred for growth projects, maintenance capital expenditures, contributions to equity investments and projects under development, adjusted for the portion attributed to non-controlling interests in the entities we control. Net capital expenditures reflect capital costs incurred during the period, excluding the impact of timing of cash payments. We use net capital expenditures as a key measure in evaluating our performance in managing our capital spending activities in comparison to our capital plan.

    Download full report here: https://www.tcenergy.com/siteassets/pdfs/investors/reports-and-filings/annual-and-quarterly-reports/2025/tce-2025-q1-quarterly-report.pdf

    Media Inquiries:
    Media Relations
    media@tcenergy.com
    403.920.7859 or 800.608.7859

    Investor & Analyst Inquiries:
    Gavin Wylie / Hunter Mau
    investor_relations@tcenergy.com
    403.920.7911 or 800.361.6522

    1 Build multiple is a non-GAAP ratio calculated by dividing capital expenditures by comparable EBITDA. Please note our method for calculating build multiple may differ from methods used by other entities. Therefore, it may not be comparable to similar measures presented by other entities. For more information on non-GAAP measures and the supplementary financial measure, refer to the Non-GAAP and Supplementary financial measure section of this news release.
    2 Prior year results have been recast to reflect the Liquids Pipelines business as a discontinued operation as a result of the Spinoff Transaction.
    3 Comparable EBITDA, comparable earnings and comparable earnings per common share are non-GAAP measures used throughout this news release. These measures do not have any standardized meaning under GAAP and therefore are unlikely to be comparable to similar measures presented by other companies. The most directly comparable GAAP measures are Segmented earnings, Net income attributable to common shares and Net income per common share, respectively. We do not forecast Segmented earnings. For more information on non-GAAP measures, refer to the Non-GAAP Measures section of this news release.
    4 Based on USD/CAD foreign exchange rate of 1.35.
    5 Net capital expenditures are adjusted for the portion attributed to non-controlling interests and is a supplementary financial measure used throughout this news release. For more information on non-GAAP measures and the supplementary financial measure, refer to the Non-GAAP and Supplementary financial measure section of this news release.
    6 Source: Government of Mexico, CFE fourth quarter 2024 investor presentation
    7 Source: Ontario Independent Electricity System Operator (IESO)

    The MIL Network –

  • MIL-OSI Economics: WTO, IFC launch joint publication on trade finance in Central America and Mexico

    Source: World Trade Organization

    The report finds that trade and supply chain finance (TSCF) supports 8 per cent of Mexico’s goods trade, 12 per cent of Guatemala’s, and 10 per cent of Honduras’s. In the case of Mexico, only about a quarter of merchandise importers and exporters have any access to financing. These are among the lowest access rates across surveyed economies, despite supply chain finance having made some inroads in Mexico’s economy and, to a lesser extent, in Guatemala and Honduras.

    The report underscores that there is significant potential to grow and diversify the currently concentrated market for TSCF. Model-based projections show that doubling TSCF coverage and aligning costs with advanced economy standards could raise exports and imports by up to 8.9 per cent in Honduras, 7.8 per cent in Guatemala and 7.4 per cent in Mexico – adding more than USD 90 billion in combined trade volume.

    In her opening remarks at the launch, DDG Hill underlined the importance of the WTO-IFC collaboration on trade finance given its key role in enabling trade. Citing the Asian Development Bank (ADB) estimation of a USD 2.5 trillion global trade finance gap in 2023, mainly in developing economies, she noted that “inadequate access to trade finance functions in effect as a prohibitive trade cost, holding back trade and closing off economic opportunities for firms and people.”

    This is particularly relevant in the case of micro, small and medium-sized enterprises and women-owned businesses that “find it particularly hard to access trade finance,” she added.

    This is the third and last edition of a short series of reports on trade finance in developing economies aimed at improving understanding of the trade finance ecosystem, the constraints to trade finance and gaps in provisions. The first report focused on West Africa (Côte d’Ivoire, Ghana, Nigeria, Senegal) in 2022 and the second on the Mekong region (Cambodia, Lao PDR and Viet Nam) in 2023-24.

    The joint WTO-IFC work on trade finance springs from a 2021 joint statement by the WTO Director-General Ngozi Okonjo-Iweala and IFC Managing Director Makhtar Diop, pledging to enhance cooperation to improve the analytics, identification, and detection of trade finance gaps in order to better direct capacity building and other resources to where unmet demand is greatest.

    DDG Hill stressed that in the countries and regions studied so far, only a limited share of trade is supported by trade and supply chain finance, whereas in advanced economies this share is at least 60 per cent. “In each of the regions we examined, trade finance was heavily concentrated. Too few banks directing too little finance towards a small group of well-established and large traders,” she said.

    Doubling the trade finance coverage of trade would increase trade flows by a significant amount and help diversify trade geographically. “More trade finance means not only more trade integration, but also more socioeconomic inclusion through trade,” she added.

    Looking ahead, DDG Hill emphasized that the WTO will continue its work – whether in the trade finance field, through its investment facilitation efforts or through the implementation of its Trade Facilitation Agreement – to reduce international trade costs. In many emerging economies, reducing the cost of shipping, financing and border clearance is key to being competitive internationally. “The adoption of digital technologies is paramount in this regard,” she noted.

    “We remain at our members’ disposal for promoting trade finance solutions and engaging in expert discussions, such as today’s, with support from multilateral development banks and development financial institutions,” DDG Hill said. She noted that “these efforts help address persistent gaps in trade finance access, especially for small and medium enterprises, and support broader goals of trade inclusion, economic diversification, and digital transformation.” Her full remarks (in Spanish) are here.

    Policy recommendations included in the report point at strengthening supply chain markets through regulatory harmonization, digital innovation, improved risk assessments and better access for small and women-owned firms. International organizations and development banks can also play a key role through capacity building, liquidity support and risk-sharing facilities.

    The launch was followed by a presentation of the report and a panel discussion bringing together representatives of the WTO, IFC, the International Chamber of Commerce (ICC), the Mexican government and the Instituto Tecnológico Autónomo de México (ITAM).

    The publication can be found here.

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    MIL OSI Economics –

  • MIL-OSI USA: Governor Newsom proclaims Apprenticeship Day 2025

    Source: US State of California 2

    Apr 30, 2025

    Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring April 30, 2025, as “Apprenticeship Day.”

    The text of the proclamation and a copy can be found below.

    PROCLAMATION

    National Apprenticeship Day is a nationwide celebration recognizing apprenticeships as a vital career pathway that is key to the prosperity and vitality of our state. We are proud to be a national leader in growing the number and type of apprenticeships, enabling more Californians to pursue rewarding careers while strengthening our economy.

    Apprenticeships are integral to California’s Master Plan for Career Education, a pragmatic strategy for career readiness that prioritizes hands-on learning and real-life skills in career education. Working in coordination with the California Jobs First Economic Blueprint, the Master Plan takes a bottom-up approach to workforce and economic development that is responsive to the emerging needs of the economy and specific to sectors, regions, and individuals’ skills and experience.

    The state has made historic efforts to increase access to apprenticeships across industries, proudly supporting 91,493 active registered apprentices. We are invested in initiatives to sustain and scale registered apprentice programs, through initiatives like Apprenticeship Innovation Funding, which has made $52 million available in its third round of funding to reimburse the program and training costs for growing apprenticeship programs.

    All Californians deserve the opportunity to gain the skills that build a lasting career. Through the California Opportunity Youth Apprenticeship Grant program, the state is committing an additional $16 million to expand access to pre-apprenticeship and apprenticeship opportunities for young people. This investment, together with the Equal Representation in Construction Apprenticeship Grant, is expanding pathways into the construction industry and helping ensure that California’s skilled workforce reflects California’s communities.

    Apprentices offer an impactful alternative to traditional education paths that benefit employers as well as workers by filling skill gaps in critical areas and helping businesses grow. Supporting the next generation of skilled workers is how we have built the fourth-largest economy in the world – and a workforce that is the envy of the world.

    NOW THEREFORE I, GAVIN NEWSOM, Governor of the State of California, do hereby proclaim April 30, 2025 as “Apprenticeship Day.”

    IN WITNESS WHEREOF I have hereunto set my hand and caused the Great Seal of the State of California to be affixed this 30th day of April 2025.

    GAVIN NEWSOM
    Governor of California

    ATTEST:
    SHIRLEY N. WEBER, Ph.D.
    Secretary of State   

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    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom announces launch of new AI tool to supercharge the approval of building permits and speed recovery from Los Angeles Fires

    Source: US State of California 2

    Apr 30, 2025

    What you need to know: The state of California is providing LA City and County a new AI-powered e-check software free of charge to speed the pace at which local governments are approving building permits.

    LOS ANGELES – Leveraging the power of private sector innovation, Governor Gavin Newsom today announced the launch of a new artificial intelligence-driven software to aid Los Angeles City and County in accelerating the approval process for rebuilding permits to help communities recover more quickly from the Eaton and Palisades fires. 

    “The current pace of issuing permits locally is not meeting the magnitude of the challenge we face. To help boost local progress, California is partnering with the tech sector and community leaders to give local governments more tools to rebuild faster and more effectively.”

    Governor Gavin Newsom

    The software, created by Archistar, will be provided free of charge to the local governments and to users through a partnership between the state and philanthropic partners including LA Rises and Steadfast LA with contributions from Autodesk and Amazon.

    “Bringing AI into permitting will allow us to rebuild faster and safer, reducing costs and turning a process that can take weeks and months into one that can happen in hours or days,” said Steadfast LA Chairman Rick Caruso. “Working with our coalition partner Mike Hopkins and Amazon, I’m proud Steadfast LA identified Archistar as the right company to develop and apply this game-changing technology. Now we can work with great philanthropic organizations, including LA Rises, to provide this critical tool at no cost to taxpayers. We will continue bringing forward new technology and ideas to cut through red tape and expedite this recovery.”

    While the state has no direct role in the local permit approval process, Governor Newsom has worked aggressively to cut red tape, remove obstacles, and provide every available resource to local governments so they can fast-track permits and rebuild quickly. 

    The software uses computer vision, machine learning, and automated rulesets to instantly check designs against local zoning and building codes in the assessment process for building permits. This technology will allow property owners to pre-check their building plans before submission to ensure they submit valid plans, thus avoiding frustrating delays and expediting the review process once received by city or county staff.

    Once fully implemented by local leaders, this e-check tool will improve efficiency, accuracy, transparency, and speed of the rebuilding process from the Eaton and Palisades fire while also improving the experience for disaster survivors.

    “Getting residents home quickly and safely is my top priority,” said Los Angeles Mayor Karen Bass. “Last week, I signed an Executive Directive to spearhead an AI pilot program to streamline the permitting process for Palisades residents. With the announcement of this AI solution, we’re infusing new technologies into City Hall processes to ensure nothing stands in the way of families getting home – and to keep our recovery effort on track to be the fastest in modern California history. I thank Governor Newsom and our County partners for their collaboration on this exciting effort.”

    The County of Los Angeles has also committed to using the software and passed a Board Resolution to establish a unified permitting authority for the Altadena one-stop recovery center.

    “I’m excited to see Los Angeles County embrace innovative technology like Archistar to accelerate the rebuilding process in Altadena and neighboring communities recovering from the Eaton Fire,” said Los Angeles County Board of Supervisors Chair Kathryn Barger. “This AI tool has the potential to save homeowners valuable time by helping them submit code-compliant plans from the start. I appreciate Governor Newsom’s stewardship of this opportunity and SoCal Grantmakers for their fiduciary support. Their help—along with collaboration from our County’s permitting departments—helped make this opportunity possible. Our collective work will help ensure we’re delivering real, efficient solutions to those working hard to rebuild their lives. Our wildfire survivors deserve nothing less.”

    “Together, government and philanthropy are standing with our community to ensure a safe, swift, and lasting recovery from the Palisades and Eaton Fires,” said Supervisor Lindsey P. Horvath. “With new AI-powered tools and LA County’s One-Stop Permitting Centers, we’re cutting red tape to help residents rebuild and return home sooner. I’m grateful to Governor Newsom, Steadfast LA, and LA Rises for their investment in our recovery.”

    The technology is already being used by more than 25 forward-looking municipalities across the United States, Canada, and Australia, including cities like Vancouver, Austin, Houston and Seattle as well as states like Colorado, British Columbia (Canada) and New South Wales (Australia). In addition to providing the software free of charge in Los Angeles, the tool is now available on a statewide contract that any local government can now access quickly to streamline their own plan review process. 

    Today’s announcement is part of a broader effort to cut red tape and harness innovation in the LA fire recovery process. 

    Cutting red tape

    Governor Newsom issued an executive order to streamline the rebuilding of homes and businesses destroyed — suspending permitting and review requirements under the California Environmental Quality Act (CEQA) and the California Coastal Act. The Governor also issued an executive order further cutting red tape by reiterating that permitting requirements under the California Coastal Act are suspended for rebuilding efforts and directing the Coastal Commission not to issue guidance or take any action that interferes with or conflicts with the Governor’s executive orders. Additionally, he signed an executive order to cut more red tape and continue streamlining rebuilding, recovery, and relief for survivors. The Governor also issued an executive order removing bureaucratic barriers, extending deadlines, and providing critical regulatory relief to help fire survivors rebuild, access essential services, and recover more quickly.

    Efficient, engaged, effective

    Since the start of his administration in 2019, Governor Newsom has made efficiency and engagement a top priority, implementing new technologies and practices that make government more efficient and responsive to the people it serves. In 2019, the Governor established the Office of Data Innovation to help advance this important work. 

    As the birthplace of tech, California is at the forefront in the study and implementation of AI in government. In 2023, Governor Newsom issued an executive order directing state agencies to utilize Generative AI technologies to improve state services and help solve important issues. Since that time, the state has integrated AI and other efficiency solutions to make state government work faster and even more effective.

    To help provide the Los Angeles community with a stronger voice in the rebuilding and recovery efforts, Governor Newsom launched Engaged California, a new platform that gives Californians a unique opportunity to share their thoughts and connect with other people on topics that are important to them. It creates new opportunities for Californians to connect with their government to inform and shape policy through honest, respectful discussions.

    The program was launched in February with the first use case focusing on the impacts of the Los Angeles wildfires.
     

    Partnerships Key 

    Today’s announcement was made possible through partnerships with philanthropic and community organizations who are aiding wildfire recovery in Los Angeles.

    Autodesk is a global leader in design and make technology, empowering innovators across architecture, engineering, construction, product design, manufacturing, and media.

    Steadfast LA is a civic nonprofit organization dedicated to accelerating the rebuilding of Los Angeles after the devastating wildfires by bringing together top leaders, bold ideas, and effective solutions to get things done right and fast.

    LA Rises is a unified recovery initiative that brings together private sector leaders to support rebuilding efforts led by the city of Los Angeles, Los Angeles County and the State of California. In January, the Governor enlisted Dodgers Chairman Mark Walter, business leader and basketball legend Earvin “Magic” Johnson, and Casey Wasserman, LA28 Chairperson and President to lead and recruit others to this private sector and philanthropic effort.

    Track LA’s recovery, including the latest air quality results, at CA.gov/LAfires.

    Recent news

    Apr 30, 2025

    News What you need to know: Governor Gavin Newsom and the Department of Housing and Community Development today announced the awards of $118.9 million in federal funding for 29 California rural and tribal communities to create more affordable housing and supportive…

    Apr 29, 2025

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Kristina “Kris” Thayer, of Raleigh, North Carolina, has been appointed Director of The Office of Environmental Health Hazard Assessment. Thayer has been Director of the Director of the…

    Apr 29, 2025

    News What you need to know: California continues to improve efficiency and engagement in state government by advancing its first-in-the-nation project to integrate cutting-edge artificial intelligence technology into state operations. Los Angeles, California –…

    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom expands affordable housing and supportive services for rural Californians with $118.9 million in new federal funding

    Source: US State of California 2

    Apr 30, 2025

    What you need to know: Governor Gavin Newsom and the Department of Housing and Community Development today announced the awards of $118.9 million in federal funding for 29 California rural and tribal communities to create more affordable housing and supportive services.

    SACRAMENTO—The California Department of Housing and Community Development (HCD) today announced nearly $118.9 million in awards from three federally funded programs to address homelessness by funding development of 487 affordable rental homes, supporting emergency shelters and homeless outreach, and providing rapid rehousing and supportive services needed to help low-income Californians attain and maintain housing stability.

    “Our nation’s housing crisis doesn’t end at city limits, and we must ensure housing and services are available to all members of our communities. We are grateful for this additional federal funding to ensure that our rural and tribal communities receive the housing support they need and deserve.”

    Governor Gavin Newsom

    In 2021, the U.S. Congress appropriated $5 billion from the American Rescue Plan Act to reduce homelessness nationwide. Of that amount, $512 million was awarded directly to California communities by the U.S. Department of Housing and Urban Development (HUD). Another $155 million went to HCD to implement HOME Investments Partnerships American Rescue Plan (HOME-ARP) programs in California for those non-entitlement jurisdictions—specifically rural communities and unincorporated areas—that did not receive funding directly from HUD.

    HCD’s HOME-ARP Rental Housing (RH) program announced ten awards totaling $89 million, including two awards to Tribal Entities. The Yurok Indian Housing Authority and Big Valley Band of Pomo Indians received a combined $18.7 million to fund 31 HOME-ARP assisted units.

    “Housing affordability and homelessness affect all areas, not just our large, metro areas,” said Tomiquia Moss, Business, Consumer Services and Housing Secretary. “The State works diligently to provide and channel funding to all counties, to provide local providers the support needed to ensure programs in their communities deliver real results. This funding does just that and I pledge our continued support for local governments in their work to lessen and eliminate homelessness and create more affordable housing.”

    “By providing much-needed resources to rural and tribal communities, these awards help address our homelessness crisis and meet the critical needs of these residents,” said HCD Director Gustavo Velasquez. “Federal support ensures the state continues its stride toward providing housing stability and affordability for all.”

    The HOME-ARP RH awards announced today will fund much-needed affordable rental housing in the counties of Del Norte, El Dorado, Kings, Lake, Madera, Mendocino, Merced, Monterey, and Placer. The ten projects awarded will include a total of 487 affordable rental homes, including 184 HOME-ARP funded units for low-income households and other qualifying populations. This includes people experiencing or at risk of homelessness, those fleeing violence or human trafficking, and others at greatest risk of housing instability.

    HCD also announced six awards totaling $26.4 million from its HOME-ARP Housing Plus Support Program (HPSP) to support households who are currently experiencing homelessness, as well as those who will benefit from services designed to prevent homelessness.

    For more information about the awards, visit California Housing and Community Development’s website here.

    Recent news

    Apr 29, 2025

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Kristina “Kris” Thayer, of Raleigh, North Carolina, has been appointed Director of The Office of Environmental Health Hazard Assessment. Thayer has been Director of the Director of the…

    Apr 29, 2025

    News What you need to know: California continues to improve efficiency and engagement in state government by advancing its first-in-the-nation project to integrate cutting-edge artificial intelligence technology into state operations. Los Angeles, California –…

    Apr 29, 2025

    News What you need to know: California is filing a lawsuit today against the Trump administration for dismantling AmeriCorps, which puts service and volunteer programs across the country and in California at risk. SACRAMENTO — Today, Governor Gavin Newsom and Attorney…

    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom announces appointments 4.29.25

    Source: US State of California 2

    Apr 29, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

    Kristina “Kris” Thayer, of Raleigh, North Carolina, has been appointed Director of The Office of Environmental Health Hazard Assessment. Thayer has been Director of the Director of the Integrated Risk Information System Division at the United States Environmental Protection Agency since 2019, where she has held multiple positions since 2017, including Director of the Integrated Risk Information System and Director of the Chemical and Pollution Assessment Division. She held multiple positions at the National Toxicology Program at the National Institute of Environmental Health Sciences from 2003 to 2017, including Deputy Director of the Division of Analysis, Director of the Office of Health Assessment and Translation, Director of the Center for the Evaluation of Risks to Human Reproduction, Staff Scientist at the Center for the Evaluation of Risk to Human Reproduction, Deputy Director of the Office of Risk Assessment Research, and Staff Scientist in the Office of Liaison and Scientific Review. Thayer is a member of the Society of Toxicology. She earned a Doctor of Philosophy degree in Biological Sciences from the University of Missouri, Columbia and a Bachelor of Science degree in Psychology from Pennsylvania State University, University Park. This position requires Senate confirmation, and compensation is $217,000. Thayer is a Democrat.

    Jason D. Johnson, of Redlands, has been appointed Undersecretary of Operations at the California Department of Corrections and Rehabilitation. Johnson has been Acting Undersecretary of Operations since 2024 at the California Department of Corrections and Rehabilitation, where he has held several positions since 2006, including Director of the Division of Adult Parole Operations, Chief Deputy Regional Administrator, Parole Administrator I, Parole Agent III Supervisor, Parole Agent II Supervisor, and Parole Agent I. Johnson was a Probation Officer II at San Bernardino County Probation Department from 2001 to 2006. He is a member of the Los Angeles County Police Chiefs’ Association, the Orange County Chiefs’ and Sherriffs’ Association, and the National Association of Blacks in Criminal Justice. Johnson earned a Master of Business Administration from the University of Redlands and a Bachelor of Arts in Criminal Justice from California State University, Fullerton. This position requires Senate confirmation, and the compensation is $239,796. Johnson is a Democrat.

    Joshua Prudhel, of Ceres, has been appointed Warden of Sierra Conservation Center, where he has been serving as Acting Warden since 2024. Prudhel was Chief Deputy Administrator at California State Prison, Sacramento from 2022 to 2024. He was a Correctional Administrator at California State Prison, Corcoran in 2022. Prudhel was Acting Chief Deputy Administrator at Correctional Training Facility from 2021 to 2022. He was a Correctional Administration at California State Prison, Corcoran from 2020 to 2021. Prudhel was Captain at California Health Care Facility from 2016 to 2020, where he was previously a Correctional Lieutenant from 2014 to 2016. He was a Correctional Lieutenant at California State Prison, Corcoran from 2011 to 2014, where he was previously a Correctional Sergeant from 2008 to 2011. Prudhel was a Correctional Sergeant at Deuel Vocational Institution from 2007 to 2008, and at Correctional Training Facility from 2005 to 2007. He was a Correctional Officer at San Quentin Rehabilitation Center from 2003 to 2005, and at Richard A. Mcgee Correctional Training Center from 2002 to 2003. Prudhel is a member of the California Correctional Supervisors Organization. This position does not require Senate confirmation, and the compensation is $193,524. Prudhel is a Republican.

    Megan Mekelburg, of Sacramento, has been appointed Deputy Secretary for Legislation at the California Natural Resources Agency. Mekelburg has been Deputy Appointments Secretary in the Office of Governor Gavin Newsom since 2024. She was Senior Associate at Environmental & Energy Consulting from 2023 to 2024. Mekelburg was Legislative Director in the Office of Senator Aisha Wahab in the California State Senate in 2023. She held multiple roles in the Office of Senator Josh Newman in the California State Senate from 2021 to 2023, including Legislative Director and Acting Chief of Staff. Mekelburg held multiple roles in the Office of Senator Henry Stern in the California State Senate from 2019 to 2021, including Legislative Aide and Executive Assistant. She earned a Master of Arts degree in Public Policy and Administration from California State University, Sacramento and a Bachelor of Arts degree in Sociology from University of California, Davis. This position does not require Senate confirmation, and the compensation is $160,008. Mekelburg is a Democrat.

    Matthew Sage, of Fair Oaks, has been appointed Commander of the State Threat Assessment Center at the Governor’s Office of Emergency Services. Sage has been the Deputy Commander of Intel/Analysis at the Governor’s Office of Emergency Services since 2023. He was an Account Executive at Echo Analytics Group from 2021 to 2022. He was a Supervisory Intelligence Specialist at the Department of the Army from 2015 to 2021. Sage was an Operations and Integrations Officer at Dyncorp International from 2012 to 2015. He was a Staff Officer at Sytera LLC. from 2011 to 2012. Sage was an Atmospherics Manager at AECOM/McNeill Technologies in 2011. He served as rank E-5 in the United States Army from 2006 to 2010. This position does not require Senate confirmation, and the compensation is $161,062. Sage is registered without party preference.

    Davina Hurt, of Belmont, has been appointed to the California Water Commission. Hurt has been the California Climate Policy Director at Pacific Environment since 2025. She was an Attorney/Civic Advocate at Davina Hurt Esq. from 2005 to 2024. Hurt held multiple positions with the City of Belmont from 2015 to 2024, including Mayor, Vice Mayor, and City Councilmember. She was a Campaign Manager at the Democratic Volunteer Center from 2014 to 2015. Hurt was a Securities Case Assistant at Heller Ehrman White and McAuliffe LLP from 2004 to 2005. She was a Senior Counsel and Civic Advocate at Tyson and Mendes LLP in 2004. Hurt was a Law Clerk at Bay Area Legal Aid from 2002 to 2004. She was a Law Clerk at the United States District Court for Northern District of California from 2002 to 2003. Hurt was a Summer Associate at Milberg, Weiss, Bershad, Hynes & Lerach LLP in 2002. She earned a Juris Doctor Degree from Santa Clara University School of Law and a Bachelor of the Arts degree in History and Political Science from Baylor University. This position requires Senate confirmation, and compensation is $100 per diem. Hurt is a Democrat.

    Peter Stern, of San Francisco, has been appointed to the California Horse Racing Board. Stern has been Chief Revenue Officer at Skedulo and an Advisor at Berkeley SkyDeck since 2025. He held several roles at Authorium from 2024 to 2025, including Advisor and Executive Vice President. He was the Co-Founder of VoiceBrain from 2021 to 2023. He was a Commissioner at California State Lottery Commission from 2019 to 2022. He held several positions at Inxeption from 2017 to 2021, including Executive Vice President of Business Operations and Senior Vice President of Corporate Development. Stern was the Airport Commissioner at the San Francisco International Airport from 2010 to 2019. He was Chief Revenue Officer at Skedulo from 2015 to 2017. Stern was the Chief Revenue Officer at Autopilot from 2013 to 2015. Stern was the Vice President of Sales at Kenandy, Inc. from 2011 to 2013. He held numerous positions at Salesforce from 2007 to 2011, including Vice President of Enterprise Corporate Sales and Corporate Sales Manager. Stern was Regional Manager at Oracle from 2005 to 2007. He was an Account Executive at Macromedia from 2002 to 2004. Stern was an Account Executive at Oracle from 2000 to 2000. This position requires Senate confirmation, and the compensation is $100 per diem. Stern is registered without party preference.

    Dyan Whyte, of Berkeley, has been appointed to the California State Mining and Geology Board. Whyte has been the Chief Financial Officer at Dataway US since 2019. She held multiple positions at the California Regional Water Quality Control Board, San Francisco Bay Region from 1988 to 1999, including Assistant Executive Officer and Senior Engineering Geologist. Whyte earned a Master of Science degree in Environmental Geology from University of California, Berkeley and a Bachelor of Science degree in Environmental Studies and Geology from California State University, Sonoma. This position requires Senate confirmation, and the compensation is $100 per diem. Whyte is a Democrat.

    Press Releases, Recent News

    Recent news

    Apr 29, 2025

    News What you need to know: California continues to improve efficiency and engagement in state government by advancing its first-in-the-nation project to integrate cutting-edge artificial intelligence technology into state operations. Los Angeles, California –…

    Apr 29, 2025

    News What you need to know: California is filing a lawsuit today against the Trump administration for dismantling AmeriCorps, which puts service and volunteer programs across the country and in California at risk. SACRAMENTO — Today, Governor Gavin Newsom and Attorney…

    Apr 28, 2025

    News SACRAMENTO — Governor Gavin Newsom today issued the following statement congratulating newly elected Canadian Prime Minister Mark Carney:“Jennifer and I warmly congratulate Prime Minister Mark Carney on his party’s election victory in Canada. California looks…

    MIL OSI USA News –

  • MIL-OSI USA: Governor Lombardo Signs Data Sharing Agreement with BLM Nevada to Identify Potential Federal Land for Release

    Source: US State of Nevada

    Las Vegas, NV April 29, 2025

    Today, Governor Joe Lombardo and the Bureau of Land Management, Nevada officially signed a Data Sharing Agreement to consolidate and improve the sharing of information about federal land that is available for disposal in Nevada.

    “I’m pleased to announce the State’s joint agreement with the Bureau of Land Management, Nevada today,” said Governor Joe Lombardo. “This agreement will improve our ability to share critical data about public lands in Nevada and help inform future housing and economic development in our communities. I’m grateful to BLM Nevada for their partnership, and I look forward to making progress on this key issue together.”

    “We look forward to working with the State of Nevada to provide accurate data as efficiently as possible to help Nevadans find public land potentially available for disposal,” said BLM Nevada Acting State Director Kim Prill.

    The Data Sharing Agreement has four key objectives, which include:
    ● To provide a vehicle for the sharing of information pertaining to public lands within the State of Nevada that are potentially available for disposal in Nevada between BLM Nevada, the Nevada Office of the Governor, and Nevada Division of Minerals.
    ● To cooperate in the sharing of information to realize maximum operating efficiency and cost savings for public benefit.
    ● To avoid duplication of effort in the collection of information.
    ● To improve the accuracy and maintenance of the potentially available disposable lands information.

    The signed agreement is attached.

    ### 

    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom deploys first-in-the-nation GenAI technologies to improve efficiency in state government

    Source: US State of California 2

    Apr 29, 2025

    What you need to know: California continues to improve efficiency and engagement in state government by advancing its first-in-the-nation project to integrate cutting-edge artificial intelligence technology into state operations.

    Los Angeles, California – California continues to implement Governor Gavin Newsom’s Executive Order on Generative Artificial Intelligence (GenAI), today with Governor Newsom announcing the state has entered into three new agreements to utilize GenAI to reduce highway congestion, improve roadway safety, and enhance customer service in a state call center. 

    The announcement today, made at Accenture headquarters in Los Angeles, is part of Governor Newsom’s ongoing strategy to implement technologies and practices that make state operations more efficient and responsive to the people it serves. In 2023, Governor Newsom issued an executive order directing state agencies to utilize GenAI technologies to improve state services and help solve important issues. Since that time, the state has integrated AI and other efficiency solutions to make state government work faster and even more effective.

    GenAI is here, and it’s growing in importance every day. We know that state government can be more efficient, and as the birthplace of tech it is only natural that California leads in this space. In the Golden State, we know that efficiency means more than cutting services to save a buck, but instead building and refining our state government to better serve all Californians.

    Governor Gavin Newsom

    Leading in efficiency 

    California is leading in the effort to implement AI and other technologies into state government operations, quickly adopting projects through its new innovative procurement method, Request for Innovative Ideas (RFI2). RFI2 allows the state to quickly test technology through safe and secure environments, providing the state and the innovator community valuable insights while protecting state data. RFI2 was adopted by the state in 2019, after Governor Newsom sought to improve the onerous state purchasing process and help the state to more efficiently adopt these new technologies.

    Leading in engagement

    Governor Newsom has also implemented new technologies through the Office of Data and Innovation, including the groundbreaking new Engaged California project. This first-in-the-nation digital democracy platform is currently being used to help the community in the Los Angeles wildfire recovery. Today, Governor Newsom will also host a roundtable event in the LA area to meet with stakeholders integral in the Engaged California project — and to discuss projects for expansion statewide. 

    “We are committed to harnessing the latest technologies to better serve Californians. With GenAI, we’re improving government service while also showing the benefits this California-based industry can bring to governments all over the world.” California Government Operations Agency Secretary Nick Maduros

    Projects moving forward today include:

    GenAI to reduce highway congestion 

    The California Department of Transportation (Caltrans) released a problem statement to process and interpret complex data to improve its traffic pattern analysis, address bottlenecks, and enhance overall traffic management. To solve this issue, Azure Open AI, GenAI technology developed by Microsoft and utilized by Accenture, LLP, used a vast amount of data from authentic, well-recognized sources to analyze potential transportation scenarios and develop solutions, including reducing traffic congestion, enhancing incident response, and improving transit reliability. 

    The next phase of this project will analyze real-time and historical data from roadways to predict traffic bottlenecks, detect incidents faster, and identify locations for safety enhancements. This cutting-edge solution will empower Caltrans to improve mobility and reduce traffic delays across the state.

    “California is a global leader in GenAI innovation, and the signing of these contracts provides the state an essential tool to help solve some of our most pressing transportation challenges. Under Governor Newsom’s leadership, California is enthusiastically advancing this cutting-edge technology and will now harness its power to help save lives and streamline mobility for all people.” California Transportation Secretary Toks Omishakin 

    GenAI for traffic safety 

    Caltrans will also be using GenAI to investigate near misses of injuries/fatalities to identify risky areas and monitor interventions designed to increase safety of vulnerable road users, including bike riders and pedestrians. Under the contract, Deloitte Consulting, LLP used Gemini GenAI technology to help identify high-collision locations and recommended targeted safety improvements across the highway system to proactively address road safety risks — especially for vulnerable road users. 

    By analyzing various datasets—including crash records, roadway conditions, and equity indicators—GenAI uncovered patterns, prioritized safety interventions, and delivered data-driven insights to help the department better protect all Californians on the road. In the next phase, the tool will expand upon the datasets to better identify and address locations in need of safety upgrades which will be evaluated by the department prior to taking any actions. 

    “These historic contracts exemplify Caltrans’ commitment to innovation and being a national leader in adopting new technologies to improve lives and communities. Using GenAI through smart, responsible implementation will be a game changer in developing solutions to ease traffic gridlock and reduce deaths and serious injuries on our roadways.” Caltrans Director Tony Tavares

    GenAI to enhance customer service

    The California Department of Tax and Fee Administration (CDTFA) will use GenAI to swiftly search more than 16,000 pages of reference materials and assist staff in providing responses to taxpayers via telephone and live chat. 

    During a pilot project carried out over the last 10 months, Claude, a next-generation AI assistant developed by Anthropic, was utilized by Symsoft Solutions LLC to reduce the time it takes to handle an average CDTFA customer inquiry. Typically, during peak tax filing periods, an additional 280 staff from throughout the department are temporarily reassigned to provide backup to the call center. With this new technology, CDTFA will be able to continue providing excellent customer service while limiting the need for disruptions from staff reassignments. 

    “California is demonstrating that GenAI can help us improve the way we do business for Californians.  This project will serve as a proof point moving forward to see if we can scale this technology across state government call centers.” CDTFA Director Trista Gonzalez.

    GenAI, the California way

    California will continue to implement GenAI for the benefit of all Californians, presenting additional challenges and calling for new GenAI projects by AI innovators. The second round brings the state closer to possibly using GenAI for operational efficiencies in housing, workforce planning, and bill analysis. The work is ongoing, and the state anticipates wrapping up this second round by summer 2025.  

    For more information about why California is the home of GenAI, visit GenAI.ca.gov.

    GenAI for productivity

    Also in response to the Governor’s executive order to help implement AI solutions to make state government more efficient, effective, and productive, the state is now implementing additional AI solutions for state departments. The state recently launched a first-in-the-nation State Digital Assistance AI tool through the California Department of Technology, which will be provided to eight state departments through a pilot program. The departments will utilize the tool through a pilot program to test how GenAI can help increase productivity by assisting staff to quickly develop images, and summarize and analyze state data.

    California has also rolled out Microsoft 365 Copilot chat for state departments, which is being offered at no cost to the state for the pilot period. Copilot Chat is a GenAI assistant to enhance staff productivity by streamlining information analysis, assisting with content creation, answering questions, and more. 

    Harnessing the power of AI

    AI is already changing the world, and California will play a pivotal role in defining that future. Home to Silicon Valley and the birthplace of the tech industry, California continues to dominate as the leader in AI. The state is home to 32 of 50 top AI companies worldwide.

    In addition to California’s efforts to deploy GenAI in state government, Governor Newsom co-hosted a GenAI summit in May 2024 with leaders across academia, industry, civil society, and government to discuss how the state can best use this transformative technology on behalf of Californians. 

    First of-its-kind effort with NVIDIA

    In August 2024, the state partnered with NVIDIA to launch a first-of-its-kind AI collaboration. The initiative, signed by Governor Gavin Newsom and NVIDIA founder & CEO Jensen Huang, aims to train students, educators and workers; support job creation and promote innovation; and use AI to solve challenges that can improve the lives of Californians.

    Staying ahead of threats 

    Last year, Governor Newsom also signed a series of bills to crack down on sexually explicit deepfakes and require AI watermarking, protect performers’ digital likenesses, and combat deepfake election content.

    Recent news

    Apr 29, 2025

    News What you need to know: California is filing a lawsuit today against the Trump administration for dismantling AmeriCorps, which puts service and volunteer programs across the country and in California at risk. SACRAMENTO — Today, Governor Gavin Newsom and Attorney…

    Apr 28, 2025

    News SACRAMENTO — Governor Gavin Newsom today issued the following statement congratulating newly elected Canadian Prime Minister Mark Carney:“Jennifer and I warmly congratulate Prime Minister Mark Carney on his party’s election victory in Canada. California looks…

    Apr 28, 2025

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring April 28, 2025 as “Workers’ Memorial Day.”The text of the proclamation and a copy can be found below: PROCLAMATIONOn Workers’ Memorial Day, we acknowledge, remember, and honor…

    MIL OSI USA News –

  • MIL-OSI USA: California sues Trump administration for dismantling AmeriCorps

    Source: US State of California 2

    Apr 29, 2025

    What you need to know: California is filing a lawsuit today against the Trump administration for dismantling AmeriCorps, which puts service and volunteer programs across the country and in California at risk.

    SACRAMENTO — Today, Governor Gavin Newsom and Attorney General Rob Bonta announced that California, along with other states, is suing the Trump administration over recent DOGE efforts to dismantle AmeriCorps – the federal agency vital to supporting volunteer and service efforts in California and across the country.  

    As the federal government cuts AmeriCorps programs, the state is recruiting for the California Service Corps program — already the largest service corps in the nation, surpassing the size of the Peace Corps.

    Service sits at the very core of who we are as Americans. California is suing the Trump administration to defend thousands of hardworking service members and the communities they serve.

    These actions by President Trump and Elon Musk not only threaten our funding – they vandalize our values. We’re going to fight to stop them.

    Governor Gavin Newsom

    In the complaint today, the Attorney General Bonta and a multistate coalition argue that by abruptly canceling critical grants and gutting AmeriCorps’ workforce, the Trump Administration is effectively shuttering the national volunteer agency and ending states’ abilities to support AmeriCorps programs within their borders. 

    “AmeriCorps volunteers bring out the best in America and in our communities. By abruptly canceling critical grants and gutting AmeriCorps’ workforce and volunteers, DOGE is dismantling AmeriCorps without any concern for the thousands of people who are ready and eager to serve their country — or for those whose communities are stronger because of this public service,” said Attorney General Bonta. “In California, AmeriCorps volunteers build affordable housing, clean up our environment, and address food insecurity in communities across our state. California has repeatedly taken action to hold the Trump Administration and DOGE accountable to the law — and we stand prepared to do it again to protect AmeriCorps and the vital services it provides.”

    In 2024, at least 6,150 California members served at more than 1,200 locations, including schools, food banks, homeless shelters, health clinics, youth centers, veterans’ facilities, and other nonprofit and faith-based organizations. When the devastating fires struck Los Angeles earlier this year, AmeriCorps members were on the ground, distributing supplies and supporting families. The agency’s shutdown ends these efforts.

    “DOGE isn’t just cutting jobs — they’re attacking the very people who keep California strong,” said GO-Serve Director Josh Fryday. “They’re coming after the service members who responded to the LA fires, the tutors helping our kids and the young leaders caring for our seniors. It’s outrageous, it’s illegal and we won’t back down. In California, we’re not just defending service — we’re strengthening it. California is doubling down, and we trust the courts will strike this down and uphold the values we fight for every day.” 

    California Service Corps is the largest service force in the nation, consisting of four paid service programs:   

     Combined, it is a force larger than the Peace Corps and is mobilized at a time when California is addressing post-pandemic academic recovery, rebuilding from the LA fires and planning for the future of the state’s workforce. 

    In the 2023-24 service year, AmeriCorps members in California: 

    • Provided 4,397,674 hours of service
    • Tutored/mentored 73,833 students
    • Supported 17,000 foster youth with education and employment 
    • Planted 39,288 trees

    Members helped 26,000 households impacted by the LA fires and packed 21,000 food boxes.

    Press Releases, Recent News

    Recent news

    Apr 28, 2025

    News SACRAMENTO — Governor Gavin Newsom today issued the following statement congratulating newly elected Canadian Prime Minister Mark Carney:“Jennifer and I warmly congratulate Prime Minister Mark Carney on his party’s election victory in Canada. California looks…

    Apr 28, 2025

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    Apr 25, 2025

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    MIL OSI USA News –

  • MIL-OSI Europe: Written question – Status of permanent seasonal workers in Spain – E-001493/2025

    Source: European Parliament

    Question for written answer  E-001493/2025
    to the Commission
    Rule 144
    Fernando Navarrete Rojas (PPE), Dolors Montserrat (PPE)

    • 1.The Spanish National Employment Service, which reports to the Ministry of Work and Social Economy, does not provide specific, separate figures for the total number of permanent seasonal workers (PSWs), while the status has been used considerably more since the labour reform. In light of that, does Eurostat believe it would be positive, for transparency purposes, to publish PSW figures?
    • 2.Given that Eurostat has already revised unemployment figures upwards to include permanent seasonal workers who are not working and are actively seeking work, and in view of the sharp upsurge in that type of contract, what control and monitoring mechanisms will Eurostat introduce to ensure those unemployed people are properly reflected in unemployment statistics, and in view of the revisions resulting from that type of contract, which is particularly common in Spain, does Eurostat not believe that enhanced, controlled monitoring of unemployment figures is needed?
    • 3.Considering the economic circumstances of out-of-work PSWs who are not actively seeking work and the extensive use thereof in a number of Member States, does Eurostat plan to revise its methodology to include them in unemployment figures in the future?

    Submitted: 10.4.2025

    Last updated: 30 April 2025

    MIL OSI Europe News –

  • MIL-OSI: Targa Resources Corp. Reports Record First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported first quarter 2025 results.

    First quarter 2025 net income attributable to Targa Resources Corp. was $270.5 million compared to $275.2 million for the first quarter of 2024. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items (“adjusted EBITDA”)(1) of $1,178.5 million for the first quarter of 2025 compared to $966.2 million for the first quarter of 2024.

    Highlights

    • Record first quarter 2025 adjusted EBITDA of $1.2 billion, a 22% increase year over year
    • Repurchased $214 million of common shares through April 2025
    • Declared an annual common dividend of $4.00 per share for 2025, a 33% increase year over year
    • Continue to estimate full year 2025 adjusted EBITDA between $4.65 billion and $4.85 billion
    • Continue to estimate 2025 net growth capital expenditures of $2.6 billion to $2.8 billion

    On April 10, 2025, the Company declared an increase to its quarterly cash dividend to $1.00 per common share, or $4.00 per common share on an annualized basis, for the first quarter of 2025. This dividend represents a 33 percent increase over the common dividend declared with respect to the first quarter of 2024. Total cash dividends of approximately $217 million will be paid on May 15, 2025 on all outstanding shares of common stock to holders of record as of the close of business on April 30, 2025.

    During the first quarter of 2025, Targa repurchased 651,163 shares of its common stock at a weighted average per share price of $191.86 for a total net cost of $124.9 million. As of March 31, 2025, there was $890.5 million remaining under the Company’s share repurchase program. Subsequent to quarter end, Targa repurchased 532,210 shares of its common stock at a weighted average per share price of $167.28 for a total net cost of $89.0 million.

    First Quarter 2025 – Sequential Quarter over Quarter Commentary

    Targa reported first quarter adjusted EBITDA of $1,178.5 million, representing a 5 percent increase compared to the fourth quarter of 2024. The sequential increase in adjusted EBITDA was attributable to contribution from the Badlands transaction and higher marketing margin. Volumes across Targa’s Gathering and Processing (“G&P”) and Logistics and Transportation (“L&T”) systems were negatively impacted by winter weather events which reduced system volumes during the first quarter. In the G&P segment, sequential adjusted operating margin was approximately flat as modestly lower Permian natural gas inlet volumes due to winter weather events were partially offset by higher fees. In the L&T segment, adjusted operating margin was also sequentially flat as higher marketing margin offset lower NGL pipeline transportation volumes, which were negatively impacted by winter weather events. Fractionation volumes were lower in the first quarter due to a major planned turnaround at Targa’s Cedar Bayou Fractionation facilities in Mont Belvieu, TX. Higher sequential marketing margin was attributable to increased optimization opportunities. Subsequent to quarter end, Targa’s Permian volumes and associated L&T system volumes have meaningfully increased from first quarter levels.

    Capitalization, Financing and Liquidity

    The Company’s total consolidated debt as of March 31, 2025 was $16,208.7 million, net of $106.7 million of debt issuance costs and $35.2 million of unamortized discount, with $14,534.4 million of outstanding senior unsecured notes, $920.0 million outstanding under the Commercial Paper Program, $600.0 million outstanding under the Securitization Facility, and $296.2 million of finance lease liabilities.

    In February 2025, Targa completed an underwritten public offering of 5.550% Notes due 2035 and 6.125% Notes due 2055, resulting in net proceeds of approximately $2.0 billion. Targa used the net proceeds from the issuance to fund the repurchase of all of the outstanding preferred equity in Targa Badlands LLC (the “Badlands Transaction”) and for general corporate purposes, including to repay borrowings under the Commercial Paper Program.

    Total consolidated liquidity as of March 31, 2025 was approximately $2.7 billion, including $2.6 billion available under the TRGP Revolver, and $151.4 million of cash.

    Growth Projects Update

    In Targa’s G&P segment, construction continues on its 275 MMcf/d Pembrook II, East Pembrook, and East Driver plants in Permian Midland and its 275 MMcf/d Bull Moose II and Falcon II plants in Permian Delaware. In Targa’s L&T segment, construction continues on its Delaware Express pipeline expansion, its 150 MBbl/d Train 11 and Train 12 fractionators in Mont Belvieu, and its GPMT LPG Export Expansion. The Company now expects its Pembrook II plant to begin operations in the third quarter of 2025 and remains on-track to complete its other announced expansions as previously disclosed.

    2025 Outlook

    Targa continues to estimate full year 2025 adjusted EBITDA to be between $4.65 billion and $4.85 billion supported by forecasted growth across its Permian G&P footprint, which is expected to drive record Permian, NGL pipeline transportation, fractionation, and LPG export volumes in 2025 relative to records set in 2024. While the growth is weighted to the second half of 2025, current and expected producer activity levels continue to support an outlook of meaningfully increasing volumes across the rest of 2025 and 2026.

    Targa’s estimate for 2025 net growth capital expenditures remains unchanged in a range of $2.6 billion to $2.8 billion, and its estimate for 2025 net maintenance capital expenditures also remains unchanged at approximately $250 million.

    Conference Call

    The Company will host a conference call for the investment community at 11:00 a.m. Eastern time (10:00 a.m. Central time) on May 1, 2025 to discuss its first quarter results. The conference call can be accessed via webcast under Events and Presentations in the Investors section of the Company’s website at www.targaresources.com/investors/events, or by going directly to https://edge.media-server.com/mmc/p/waa5bt3q. A webcast replay will be available at the link above approximately two hours after the conclusion of the event.

    An earnings supplement presentation and updated investor presentation are available under Events and Presentations in the Investors section of the Company’s website at www.targaresources.com/investors/events.

    (1)    Adjusted EBITDA and adjusted operating margin (segment) are non-GAAP financial measures and are discussed under “Non-GAAP Financial Measures.”


    Targa Resources Corp. – Consolidated Financial Results of Operations

      Three Months Ended March 31,            
      2025     2024   2025 vs. 2024
      (In millions)
    Revenues:                      
    Sales of commodities $ 3,884.4     $ 3,942.4     $ (58.0 )     (1 %)
    Fees from midstream services   677.1       620.0       57.1       9 %
    Total revenues   4,561.5       4,562.4       (0.9 )     —  
    Product purchases and fuel   3,257.8       3,218.0       39.8       1 %
    Operating expenses   303.6       278.0       25.6       9 %
    Depreciation and amortization expense   367.6       340.5       27.1       8 %
    General and administrative expense   94.5       86.5       8.0       9 %
    Other operating (income) expense   (5.3 )     —       (5.3 )     (100 %)
    Income (loss) from operations   543.3       639.4       (96.1 )     (15 %)
    Interest expense, net   (197.1 )     (228.6 )     31.5       14 %
    Equity earnings (loss)   5.5       2.8       2.7       96 %
    Other, net   0.3       1.7       (1.4 )   NM  
    Income tax (expense) benefit   (72.2 )     (82.7 )     10.5       13 %
    Net income (loss)   279.8       332.6       (52.8 )     (16 %)
    Less: Net income (loss) attributable to noncontrolling interests   9.3       57.4       (48.1 )     (84 %)
    Net income (loss) attributable to Targa Resources Corp.   270.5       275.2       (4.7 )     (2 %)
    Premium on repurchase of noncontrolling interests, net of tax   70.5       —       70.5       100 %
    Net income (loss) attributable to common shareholders $ 200.0     $ 275.2     $ (75.2 )     (27 %)
    Financial data:                      
    Adjusted EBITDA (1) $ 1,178.5     $ 966.2     $ 212.3       22 %
    Adjusted cash flow from operations (1)   970.0       738.4       231.6       31 %
    Adjusted free cash flow (1)   328.2       2.8       325.4     NM  

    (1)    Adjusted EBITDA, adjusted cash flow from operations and adjusted free cash flow are non-GAAP financial measures and are discussed under “Non-GAAP Financial Measures.”
    NM    Due to a low denominator, the noted percentage change is disproportionately high and as a result, considered not meaningful.


    Three Months Ended March 31, 2025 Compared to Three Months Ended March 31, 2024

    Commodity sales are relatively flat reflecting lower NGL, natural gas and condensate volumes ($217.9 million), the unfavorable impact of hedges ($256.1 million) and lower condensate prices ($15.2 million), offset by higher natural gas and NGL prices ($431.2 million).

    The increase in fees from midstream services is primarily due to higher gas gathering and processing fees, and higher export volumes, partially offset by lower transportation and fractionation fees.

    Product purchases and fuel are relatively flat reflecting higher natural gas and NGL prices, offset by lower NGL and natural gas volumes.

    The increase in operating expenses is primarily due to higher labor, taxes and maintenance costs, partially offset by lower rental costs.

    See “—Review of Segment Performance” for additional information on a segment basis.

    The increase in depreciation and amortization expense is primarily due to the impact of system expansions on the Company’s asset base.

    The decrease in interest expense, net is due to recognition of cumulative interest on a legal ruling associated with the Splitter Agreement in 2024, partially offset by higher borrowings in 2025.

    The decrease in income tax expense is primarily due to a decrease in pre-tax book income.

    The decrease in net income attributable to noncontrolling interests is primarily due to the Badlands Transaction in 2025 and the acquisition of the remaining membership interest in Cedar Bayou Fractionators, L.P. in 2024.

    The premium on repurchase of noncontrolling interests, net of tax is due to the Badlands Transaction in 2025.

    Review of Segment Performance

    The following discussion of segment performance includes inter-segment activities. The Company views segment operating margin and adjusted operating margin as important performance measures of the core profitability of its operations. These measures are key components of internal financial reporting and are reviewed for consistency and trend analysis. For a discussion of adjusted operating margin, see “Non-GAAP Financial Measures ― Adjusted Operating Margin.” Segment operating financial results and operating statistics include the effects of intersegment transactions. These intersegment transactions have been eliminated from the consolidated presentation.

    The Company operates in two primary segments: (i) Gathering and Processing; and (ii) Logistics and Transportation.

    Gathering and Processing Segment

    The Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells, removing impurities and processing this raw natural gas into merchantable natural gas by extracting NGLs; and assets used for the gathering and terminaling and/or purchase and sale of crude oil. The Gathering and Processing segment’s assets are located in the Permian Basin of West Texas and Southeast New Mexico (including the Midland, Central and Delaware Basins); the Eagle Ford Shale in South Texas; the Barnett Shale in North Texas; the Anadarko, Ardmore, and Arkoma Basins in Oklahoma (including the SCOOP and STACK) and South Central Kansas; the Williston Basin in North Dakota (including the Bakken and Three Forks plays); and the onshore and near offshore regions of the Louisiana Gulf Coast.

    The following table provides summary data regarding results of operations of this segment for the periods indicated:

      Three Months Ended March 31,                
      2025     2024     2025 vs. 2024
      (In millions, except operating statistics and price amounts)
    Operating margin $   602.2     $   556.4     $   45.8       8 %
    Operating expenses     208.2         188.1         20.1       11 %
    Adjusted operating margin $   810.4     $   744.5     $   65.9       9 %
    Operating statistics (1):                            
    Plant natural gas inlet, MMcf/d (2) (3)                            
    Permian Midland (4)     2,985.6         2,746.1         239.5       9 %
    Permian Delaware     3,020.3         2,648.9         371.4       14 %
    Total Permian     6,005.9         5,395.0         610.9       11 %
                                 
    SouthTX     295.1         304.9         (9.8 )     (3 %)
    North Texas     171.5         184.5         (13.0 )     (7 %)
    SouthOK (5)     318.0         357.2         (39.2 )     (11 %)
    WestOK     200.1         210.1         (10.0 )     (5 %)
    Total Central     984.7         1,056.7         (72.0 )     (7 %)
                                 
    Badlands (5) (6)     136.9         127.1         9.8       8 %
    Total Field     7,127.5         6,578.8         548.7       8 %
                                 
    Coastal     398.8         524.7         (125.9 )     (24 %)
                                 
    Total     7,526.3         7,103.5         422.8       6 %
    NGL production, MBbl/d (3)                            
    Permian Midland (4)     429.5         392.8         36.7       9 %
    Permian Delaware     366.4         307.0         59.4       19 %
    Total Permian     795.9         699.8         96.1       14 %
                                 
    SouthTX     28.8         28.9         (0.1 )     —  
    North Texas     21.0         21.9         (0.9 )     (4 %)
    SouthOK (5)     33.1         28.1         5.0       18 %
    WestOK     15.2         11.7         3.5       30 %
    Total Central     98.1         90.6         7.5       8 %
                                 
    Badlands (5)     16.4         14.6         1.8       12 %
    Total Field     910.4         805.0         105.4       13 %
                                  
    Coastal     32.7         39.1         (6.4 )     (16 %)
                                 
    Total     943.1         844.1         99.0       12 %
    Crude oil, Badlands, MBbl/d     107.1         94.4         12.7       13 %
    Crude oil, Permian, MBbl/d     29.0         27.6         1.4       5 %
    Natural gas sales, BBtu/d (3)     2,592.8         2,650.5         (57.7 )     (2 %)
    NGL sales, MBbl/d (3)     570.2         498.8         71.4       14 %
    Condensate sales, MBbl/d     18.1         19.1         (1.0 )     (5 %)
    Average realized prices (7):                            
    Natural gas, $/MMBtu     2.24         1.50         0.74       49 %
    NGL, $/gal     0.50         0.48         0.02       4 %
    Condensate, $/Bbl     72.32         77.22         (4.90 )     (6 %)

    (1)    Segment operating statistics include the effect of intersegment amounts, which have been eliminated from the consolidated presentation. For all volume statistics presented, the numerator is the total volume sold during the period and the denominator is the number of calendar days during the period.
    (2)    Plant natural gas inlet represents the Company’s undivided interest in the volume of natural gas passing through the meter located at the inlet of a natural gas processing plant, other than Badlands during 2024.
    (3)    Plant natural gas inlet volumes and gross NGL production volumes include producer take-in-kind volumes, while natural gas sales and NGL sales exclude producer take-in-kind volumes.
    (4)    Permian Midland includes operations in WestTX, of which the Company owns a 72.8% undivided interest, and other plants that are owned 100% by the Company. Operating results for the WestTX undivided interest assets are presented on a pro-rata net basis in the Company’s reported financials.
    (5)    Operations include facilities that are not wholly owned by the Company.
    (6)    Badlands natural gas inlet represents the total wellhead volume and includes the Targa volumes processed at the Little Missouri 4 plant.
    (7)    Average realized prices, net of fees, include the effect of realized commodity hedge gain/loss attributable to the Company’s equity volumes. The price is calculated using total commodity sales plus the hedge gain/loss as the numerator and total sales volume as the denominator, net of fees.

    The following table presents the realized commodity hedge gain (loss) attributable to the Company’s equity volumes that are included in the adjusted operating margin of the Gathering and Processing segment:

        Three Months Ended March 31, 2025     Three Months Ended March 31, 2024  
        (In millions, except volumetric data and price amounts)  
        Volume
    Settled    		     Price
    Spread (1)    		     Gain
    (Loss)    		     Volume
    Settled    		     Price
    Spread (1)    		     Gain
    (Loss)    		  
    Natural gas (BBtu)     7.7     $ 0.96     $ 7.4       14.4     $ 1.27     $ 18.3  
    NGL (MMgal)     97.5       (0.07 )     (6.6 )     134.1       0.01       1.7  
    Crude oil (MBbl)     0.7       1.00       0.7       0.4       (7.25 )     (2.9 )
                    $ 1.5                 $ 17.1  

    (1)    The price spread is the differential between the contracted derivative instrument pricing and the price of the corresponding settled commodity transaction.

    Three Months Ended March 31, 2025 Compared to Three Months Ended March 31, 2024

    The increase in adjusted operating margin was predominantly due to higher natural gas inlet volumes in the Permian. The increase in natural gas inlet volumes in the Permian was attributable to the addition of the Roadrunner II plant during the second quarter of 2024, the Greenwood II plant during the fourth quarter of 2024, the Bull Moose plant during the first quarter of 2025, and continued strong producer activity despite severe winter weather events which impacted volumes during the first quarter of 2025.

    The increase in operating expenses was primarily due to higher volumes and multiple plant additions in the Permian.

    Logistics and Transportation Segment

    The Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products and also includes other assets and value-added services such as transporting, storing, fractionating, terminaling, and marketing of NGLs and NGL products, including services to LPG exporters and certain natural gas supply and marketing activities in support of the Company’s other businesses. The Logistics and Transportation segment also includes Grand Prix NGL Pipeline, which connects the Company’s gathering and processing positions in the Permian Basin, Southern Oklahoma and North Texas with the Company’s Downstream facilities in Mont Belvieu, Texas. The Company’s Downstream facilities are located predominantly in Mont Belvieu and Galena Park, Texas, and in Lake Charles, Louisiana.

    The following table provides summary data regarding results of operations of this segment for the periods indicated:

      Three Months Ended March 31,              
      2025     2024     2025 vs. 2024
      (In millions, except operating statistics)
    Operating margin $   646.7     $   532.1     $   114.6     22 %
    Operating expenses     95.5         90.0         5.5     6 %
    Adjusted operating margin $   742.2     $   622.1     $   120.1     19 %
    Operating statistics MBbl/d (1):                          
    NGL pipeline transportation volumes     843.5         717.8         125.7     18 %
    Fractionation volumes     979.9         797.2         182.7     23 %
    Export volumes     447.7         439.0         8.7     2 %
    NGL sales     1,186.4         1,227.6         (41.2 )   (3 %)

    (1)    Segment operating statistics include intersegment amounts, which have been eliminated from the consolidated presentation. For all volume statistics presented, the numerator is the total volume sold during the period and the denominator is the number of calendar days during the period.

    Three Months Ended March 31, 2025 Compared to Three Months Ended March 31, 2024

    The increase in adjusted operating margin was due to higher pipeline transportation and fractionation margin and higher marketing margin. Pipeline transportation and fractionation volumes benefited from higher supply volumes primarily from the Company’s Permian Gathering and Processing systems, the addition of Train 9 during the second quarter of 2024, the in-service of the Daytona NGL Pipeline during the third quarter of 2024, and the addition of Train 10 during the fourth quarter of 2024. Marketing margin increased due to greater optimization opportunities.

    The increase in operating expenses was predominantly due to system expansions.

    Other

        Three Months Ended March 31,        
        2025     2024     2025 vs. 2024  
        (In millions)  
    Operating margin   $ (248.8 )   $ (22.1 )   $ (226.7 )
    Adjusted operating margin   $ (248.8 )   $ (22.1 )   $ (226.7 )

    Other contains the results of commodity derivative activity mark-to-market gains/losses related to derivative contracts that were not designated as cash flow hedges. The Company has entered into derivative instruments to hedge the commodity price associated with a portion of the Company’s future commodity purchases and sales and natural gas transportation basis risk within the Company’s Logistics and Transportation segment.

    About Targa Resources Corp.

    Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic infrastructure assets and its operations are critical to the efficient, safe and reliable delivery of energy across the United States and increasingly to the world. The Company’s assets connect natural gas and NGLs to domestic and international markets with growing demand for cleaner fuels and feedstocks. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling, and purchasing and selling crude oil.

    Targa is a FORTUNE 500 company and is included in the S&P 500.

    For more information, please visit the Company’s website at www.targaresources.com.

    Non-GAAP Financial Measures

    This press release includes the Company’s non-GAAP financial measures: adjusted EBITDA, adjusted cash flow from operations, adjusted free cash flow and adjusted operating margin (segment). The following tables provide reconciliations of these non-GAAP financial measures to their most directly comparable GAAP measures.

    The Company utilizes non-GAAP measures to analyze the Company’s performance. Adjusted EBITDA, adjusted cash flow from operations, adjusted free cash flow and adjusted operating margin (segment) are non-GAAP measures. The GAAP measures most directly comparable to these non-GAAP measures are income (loss) from operations, Net income (loss) attributable to Targa Resources Corp. and segment operating margin. These non-GAAP measures should not be considered as an alternative to GAAP measures and have important limitations as analytical tools. Investors should not consider these measures in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. Additionally, because the Company’s non-GAAP measures exclude some, but not all, items that affect income and segment operating margin, and are defined differently by different companies within the Company’s industry, the Company’s definitions may not be comparable with similarly titled measures of other companies, thereby diminishing their utility. Management compensates for the limitations of the Company’s non-GAAP measures as analytical tools by reviewing the comparable GAAP measures, understanding the differences between the measures and incorporating these insights into the Company’s decision-making processes.

    Adjusted Operating Margin

    The Company defines adjusted operating margin for the Company’s segments as revenues less product purchases and fuel. It is impacted by volumes and commodity prices as well as by the Company’s contract mix and commodity hedging program.

    Gathering and Processing adjusted operating margin consists primarily of:

    • service fees related to natural gas and crude oil gathering, treating and processing; and
    • revenues from the sale of natural gas, condensate, crude oil and NGLs less producer settlements, fuel and transport and the Company’s equity volume hedge settlements.

    Logistics and Transportation adjusted operating margin consists primarily of:

    • service fees (including the pass-through of energy costs included in certain fee rates);
    • system product gains and losses; and
    • NGL and natural gas sales, less NGL and natural gas purchases, fuel, third-party transportation costs and the net inventory change.

    The adjusted operating margin impacts of mark-to-market hedge unrealized changes in fair value are reported in Other.

    Adjusted operating margin for the Company’s segments provides useful information to investors because it is used as a supplemental financial measure by management and by external users of the Company’s financial statements, including investors and commercial banks, to assess:

    • the financial performance of the Company’s assets without regard to financing methods, capital structure or historical cost basis;
    • the Company’s operating performance and return on capital as compared to other companies in the midstream energy sector, without regard to financing or capital structure; and
    • the viability of capital expenditure projects and acquisitions and the overall rates of return on alternative investment opportunities.

    Management reviews adjusted operating margin and operating margin for the Company’s segments monthly as a core internal management process. The Company believes that investors benefit from having access to the same financial measures that management uses in evaluating the Company’s operating results. The reconciliation of the Company’s adjusted operating margin to the most directly comparable GAAP measure is presented under “Review of Segment Performance.”

    Adjusted EBITDA

    The Company defines adjusted EBITDA as Net income (loss) attributable to Targa Resources Corp. before interest, income taxes, depreciation and amortization, and other items that the Company believes should be adjusted consistent with the Company’s core operating performance. The adjusting items are detailed in the adjusted EBITDA reconciliation table and its footnotes. Adjusted EBITDA is used as a supplemental financial measure by the Company and by external users of the Company’s financial statements such as investors, commercial banks and others to measure the ability of the Company’s assets to generate cash sufficient to pay interest costs, support the Company’s indebtedness and pay dividends to the Company’s investors.

    Adjusted Cash Flow from Operations and Adjusted Free Cash Flow

    The Company defines adjusted cash flow from operations as adjusted EBITDA less cash interest expense on debt obligations and cash tax (expense) benefit. The Company defines adjusted free cash flow as adjusted cash flow from operations less maintenance capital expenditures (net of any reimbursements of project costs) and growth capital expenditures, net of contributions from noncontrolling interests and including contributions to investments in unconsolidated affiliates. Adjusted cash flow from operations and adjusted free cash flow are performance measures used by the Company and by external users of the Company’s financial statements, such as investors, commercial banks and research analysts, to assess the Company’s ability to generate cash earnings (after servicing the Company’s debt and funding capital expenditures) to be used for corporate purposes, such as payment of dividends, retirement of debt or redemption of other financing arrangements.

    The following table reconciles the non-GAAP financial measures used by management to the most directly comparable GAAP measures for the periods indicated:

      Three Months Ended March 31,  
      2025     2024  
      (In millions)  
    Reconciliation of Net income (loss) attributable to Targa Resources Corp. to Adjusted EBITDA, Adjusted Cash Flow from Operations and Adjusted Free Cash Flow          
    Net income (loss) attributable to Targa Resources Corp. $ 270.5     $ 275.2  
    Interest (income) expense, net   197.1       228.6  
    Income tax expense (benefit)   72.2       82.7  
    Depreciation and amortization expense   367.6       340.5  
    (Gain) loss on sale or disposition of assets   (0.5 )     (1.1 )
    Write-down of assets   2.0       1.0  
    (Gain) loss from financing activities   0.6       —  
    Equity (earnings) loss   (5.5 )     (2.8 )
    Distributions from unconsolidated affiliates   4.9       6.3  
    Compensation on equity grants   17.6       14.6  
    Risk management activities   248.8       22.0  
    Noncontrolling interests adjustments (1)   3.2       (0.8 )
    Adjusted EBITDA $ 1,178.5     $ 966.2  
    Interest expense on debt obligations (2)   (193.2 )     (224.9 )
    Cash taxes   (15.3 )     (2.9 )
    Adjusted Cash Flow from Operations $ 970.0     $ 738.4  
    Maintenance capital expenditures, net (3)   (47.3 )     (49.8 )
    Growth capital expenditures, net (3)   (594.5 )     (685.8 )
    Adjusted Free Cash Flow $ 328.2     $ 2.8  

    (1)    Represents adjustments related to the Company’s subsidiaries with noncontrolling interests, including depreciation and amortization expense as well as earnings for certain plants within Targa’s WestTX joint venture not subject to noncontrolling interest accounting.
    (2)    Excludes amortization of interest expense. The three months ended March 31, 2024 includes $54.9 million of interest expense on a 2024 legal ruling associated with an agreement, dated December 27, 2015, for crude oil and condensate between Targa Channelview LLC, then a subsidiary of the Company, and Noble Americas Corp.
    (3)    Represents capital expenditures, net of contributions from noncontrolling interests and includes contributions to investments in unconsolidated affiliates.

    The following table presents a reconciliation of estimated net income of the Company to estimated adjusted EBITDA for 2025:

      2025E  
      (In millions)  
    Reconciliation of Estimated Net Income Attributable to Targa Resources Corp. to    
    Estimated Adjusted EBITDA    
    Net income attributable to Targa Resources Corp. $ 1,555.0  
    Interest expense, net   860.0  
    Income tax expense   485.0  
    Depreciation and amortization expense   1,525.0  
    Equity earnings   (20.0 )
    Distributions from unconsolidated affiliates   25.0  
    Compensation on equity grants   70.0  
    Risk management and other   250.0  
    Estimated Adjusted EBITDA $ 4,750.0  

    Regulation FD Disclosures

    The Company uses any of the following to comply with its disclosure obligations under Regulation FD: press releases, SEC filings, public conference calls, or our website. The Company routinely posts important information on its website at www.targaresources.com, including information that may be deemed to be material. The Company encourages investors and others interested in the company to monitor these distribution channels for material disclosures.

    Forward-Looking Statements

    Certain statements in this release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements, including statements regarding our projected financial performance, capital spending and payment of future dividends. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company’s control, which could cause results to differ materially from those expected by management of the Company. Such risks and uncertainties include, but are not limited to, actions taken by other countries with significant hydrocarbon production, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the timing and success of our completion of capital projects and business development efforts, the expected growth of volumes on our systems, the impact of significant public health crises, commodity price volatility due to ongoing or new global conflicts, the impact of disruptions in the bank and capital markets, including those resulting from lack of access to liquidity for banking and financial services firms, changes in laws and regulations, particularly with regard to taxes, tariffs and international trade, and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    Targa Investor Relations
    InvestorRelations@targaresources.com
    (713) 584-1133

    The MIL Network –

  • MIL-OSI: Best Sugar Daddy Apps [2025] Free Sugar Daddy Dating Apps To Meet Sugar Daddies And Sugar Babies Online

    Source: GlobeNewswire (MIL-OSI)

    Las Vegas, Nevada, May 01, 2025 (GLOBE NEWSWIRE) — Navigating the world of sugar dating apps requires knowledge, discretion, and careful platform selection. This comprehensive guide explores the top-rated sugar daddy apps, helping you make informed decisions about finding meaningful connections in the sugar dating landscape.

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    Selecting the right sugar daddy app impacts your entire dating experience. Premium platforms like SugarDaddy.com lead the market with robust security measures, privacy controls, and extensive user bases. This sugar dating app implements strict verification processes, ensuring authentic connections while protecting user information.

    Based on user feedback, safety features, privacy policies, and platform usability, sugardaddy.com is the best sugar daddy app in 2025, helping those looking to meet genuine sugar daddies or babies. As the interest in sugar dating continues to rise, especially among young professionals and high-income individuals, sugar daddy apps like sugardaddy.com have become a preferred option for connection and convenience.

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    What Are Sugar Daddy Apps?

    Sugar daddy apps are dating platforms created to connect successful, affluent individuals (typically sugar daddies or mommies) with attractive, younger partners (sugar babies) who are seeking financial support, mentorship, and lifestyle perks in return for companionship and emotional connection.

    These apps go beyond typical swiping and chatting—they set the stage for transparent relationships built on mutual expectations and clearly defined arrangements.

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    How to Choose the Best Sugar Daddy Dating App

    Not every platform will suit your needs. Here are key factors to consider:

    • Transparency: Look for platforms that support honest communication.
    • User base: Choose apps with active, high-quality profiles.
    • Privacy tools: Essential for both sugar daddies and babies.
    • Pricing model: Some prefer subscription-based; others like pay-as-you-go.

    Tips for Success on Sugar Daddy Apps

    1. Create a compelling profile – Use high-quality photos and an honest bio.
    2. Be clear about your expectations – Sugar dating works best with mutual understanding.
    3. Communicate respectfully and openly – Build trust through genuine interaction.
    4. Prioritize your safety – Meet in public and verify before exchanging sensitive details.
    5. Stay active – Regular engagement boosts visibility and response rates.

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    Safety First: How to Protect Yourself Online

    Whether you’re a sugar daddy or a sugar baby, safety should be your top priority:

    • Always meet in public first
    • Don’t share personal financial data
    • Use in-app messaging for initial chats
    • Report suspicious behavior immediately

    Benefits of Using Sugar Daddy Apps

    • Clarity in relationships: These platforms promote upfront conversations about expectations.
    • Financial support: Sugar babies often gain access to mentorship, gifts, and allowances.
    • Luxury lifestyle: Many arrangements include travel, events, and upscale experiences.
    • Emotional connection: Despite stereotypes, meaningful bonds can and do form.

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    Key Features to Look for in the Best Sugar Daddy Apps

    Selecting a reliable sugar dating platform requires attention to specific features that ensure safety, privacy, and successful connections. Here’s what you need to prioritize:

    1. Identity Verification Systems

    The best sugar daddy apps have robust identity verification systems in place to ensure that users are who they claim to be. Look for platforms that offer the following:

    • Photo verification through selfie checks
    • Social media account linking options
    • Income verification for sugar daddies
    • Background screening capabilities
    • Professional status confirmation

    2. Advanced Privacy Controls

    Privacy is crucial in the world of online dating, especially when it comes to sugar relationships. The top apps understand this and provide advanced privacy controls such as:

    • Invisible browsing modes
    • Private photo galleries
    • Custom profile visibility settings
    • Data encryption protocols
    • Ability to hide online status
    • Control over profile information display

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    3. Communication Features

    Effective communication is key to building connections with potential sugar partners. Look for apps that offer a variety of communication features, including:

    • In-app messaging systems
    • Video chat capabilities
    • Virtual gift exchanges
    • Clear arrangement discussion tools
    • Built-in translation services (if applicable)
    • Message filtering options


     4. User Experience Elements

    A user-friendly interface can make a significant difference in your overall experience with a sugar daddy app. Look for platforms that prioritize user experience through:

    • Mobile-responsive design for seamless access on smartphones and tablets
    • Quick-access navigation menus for easy exploration of the app’s features
    • Advanced search filters to help you find compatible matches
    • Profile matching algorithms that suggest potential partners based on your preferences
    • Real-time notifications for important updates and messages
    • Easy profile setup process to get started quickly


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    5. Safety Measures

    • Your safety should always be a top priority when using dating apps. Look for platforms that have implemented the following safety measures:
    • 24/7 customer support for immediate assistance with any issues or concerns
    • Profile reporting tools to flag suspicious or inappropriate behavior
    • Automated scam detection systems to identify and block fraudulent accounts
    • Emergency contact features in case of any dangerous situations during meetings
    • Block and mute options to prevent unwanted communication from certain users

    The best sugar daddy apps incorporate these features while maintaining a clean, intuitive interface. You’ll want to look for platforms that regularly update their security measures and adapt to user feedback. High-quality apps also provide detailed tutorials and support documentation to help you maximize these features for your safety and success.

    Remember to test the free versions of multiple apps to experience their interfaces and feature sets firsthand. This hands-on approach helps you identify which platform best aligns with your specific needs and preferences in the sugar dating world.

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    The Growing Use of Sugar Daddy Apps

    Sugar daddy apps are now used by a much broader range than in previous years. In 2025, these platforms have become a preferred option for those who want clarity from the start. Users are looking for connections that allow both people to state their expectations upfront. A sugar daddy app makes that process easier.

    Many adults now view sugar daddy dating as a practical and valid way to meet others. Whether looking for conversation, financial help, or something more personal, they often prefer using tools that allow for open discussions.

    Changing Dating Preferences Across Generations

    Younger generations are playing a key role in this shift. People in their 20s and 30s have different expectations from those of earlier dating cultures. Many focus on career goals, education, and financial stability. In the traditional sense, long-term dating isn’t always their first priority.

    At the same time, older users—often in their 40s or 50s—are using sugar daddy apps to meet younger partners with whom they can share meaningful experiences. These users usually have busy professional lives and little time for casual dating. A sugar daddy app allows for connection without pressure.

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    Financial Pressures Influence Relationship Models

    The financial side of dating has become more visible. Rising rent, education costs, and inflation have made it harder for many people to feel secure. That’s one reason why sugar daddy apps have become so popular. For some, meeting a supportive partner through an online sugar daddy platform helps balance financial goals with emotional needs.

    Mutually beneficial relationships, when based on honesty and respect, are now seen as a modern dating choice. These types of arrangements can help both sugar daddies and sugar babies feel more in control of their lives.

    Why Structured Agreements Appeal Today

    Unlike traditional dating apps, which often rely on vague intentions or unclear signals, sugar daddy apps offer a more structured experience. Users can share what they want—financial support, emotional companionship, or mentorship—without guessing the other person’s motives.

    This direct connection style is why many prefer sugar daddy websites and apps. It saves time and lowers the chance of miscommunication.

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    How Sugar Daddy Apps Work

    A Direct Way to Connect

    Sugar daddy apps give users a practical way to meet others looking for similar relationships. These platforms are built to support arrangements that are clear from the start. Whether someone is searching for emotional connection, financial support, or companionship, a sugar daddy app helps both people define their goals early.

    The design of these apps is often focused and straightforward. Unlike general dating platforms, sugar daddy apps are more structured and offer features specifically for users who want purposeful arrangements.

    Setting Up a Profile

    The first step to using a sugar daddy app is creating a profile. This is where users introduce themselves, add photos, and explain their wants. Sugar daddies often describe their lifestyle, availability, and what type of arrangement they prefer. Sugar babies may list their goals, interests, and expectations.

    Unlike many standard dating sites, sugar daddy apps allow users to be upfront. There’s no need for vague descriptions or guessing games. A strong profile helps both sides avoid wasted time and attracts the kind of people they seek.

    Some platforms offer tips while building a profile, such as keeping descriptions honest and using clear, current photos. The more open and real the profile is, the more likely it is to lead to a match.

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    Matching and Search Tools

    Most sugar daddy apps offer two main ways to connect: browsing or algorithm-based matches. Users can scroll through profiles or use filters to find someone who fits their preferences. Standard filters include location, age, lifestyle, goals, and arrangement type.

    Some apps also offer advanced search options. For example, users can look for a millionaire sugar daddy, someone offering mentorship, or someone interested in virtual-only arrangements. These tools help narrow the search and improve the chances of meeting someone with the same interests.

    Matching systems vary across platforms, but the focus stays on simplicity and clarity. Whether someone wants to meet in person or keep things online, they can search based on what matters to them.

    Tools for Communication

    Once a connection is made, sugar daddy apps provide ways to talk directly within the app. Messaging tools may include private chat, voice notes, or even video calling. This helps both sides get to know each other safely before deciding to take things further.

    Some apps include verification steps to ensure the people using them are real. This might involve ID checks, selfie verification, or income confirmation for sugar daddies. These tools help build trust and reduce the risk of fake profiles.

    Photo privacy is another common feature. Users can blur images, control who sees them, or use locked photo galleries to maintain privacy.

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    Sugar Daddy Apps vs. Sugar Daddy Websites

    While many features are the same, there are a few differences between sugar daddy apps and sugar daddy websites. Apps are designed for quick, on-the-go use. They are ideal for users who want mobile access, instant updates, and simple communication tools.

    Websites, on the other hand, often offer more detail. Users can create longer profiles, upload more content, and explore search tools with more depth. Some people prefer the larger screen and full-feature experience that sugar daddy sites provide.

    That said, most top platforms now offer both. This means users can choose how to connect—using a sugar daddy dating app during the day, then switching to the full website at home.

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    Are Sugar Daddy Apps That Send Money Without Meeting Real?

    Searches for sugar daddy apps that send money without meeting have grown recently. Many people are curious whether receiving financial support through a sugar daddy app is possible without meeting in person. While the idea is appealing to some users, especially those who prefer virtual connections, it’s essential to understand how these situations work.

    Users sometimes form genuine online-only arrangements, but these are the exception, not the rule. Most sugar daddies want to build some level of connection before offering support.

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    What’s Real and What’s Not

    Legitimate sugar dating often involves a mutual agreement between both parties. This could include financial support, mentorship, or shared time. However, when someone offers money right away without verifying their identity or getting to know the other person, it’s a sign to pause and ask questions.

    A real sugar daddy app will not promise instant payments or guarantee financial rewards just for signing up. Be careful with users who offer large amounts of money too quickly or try to take the conversation off the platform right away.

    There are real sugar dating arrangements that happen entirely online, but they usually involve clear communication, gradual trust-building, and the use of verified features within the app.

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    Recognizing Red Flags

    You must stay aware of common scam tactics when using any sugar daddy dating app. Here are some warning signs to watch out for:

    • A user offers money before any real conversation takes place
    • They avoid video calls or ID verification
    • They ask for your Cash App, PayPal, or personal banking details early on
    • They claim to have sent you money and ask for a “refund” of the extra amount
    • They want to switch to text or messaging apps immediately after matching

    These are often signs of scam activity. A trustworthy online sugar daddy will take the time to verify their identity, respect boundaries, and follow the normal flow of conversation within the app.

    Safe Practices for New Users

    If you’re new to sugar dating, take steps to stay protected. Use apps with built-in safety tools like identity checks, secure messaging, and moderation. Stick to communication inside the app until you’re sure the person you’re speaking with is real.

    It’s also smart to set clear boundaries. Let the other person know what you’re comfortable with, and don’t feel pressured to move too fast. If someone offers to send money right away, ask questions and be cautious.

    While some sugar daddy apps do support long-distance or online-only arrangements, the safest and most rewarding connections usually come from people who are upfront, respectful, and interested in building trust over time.

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    Why Millionaire Sugar Daddies Prefer Apps in 2025

    Time, Privacy, and Precision

    Many millionaire sugar daddies have demanding schedules and limited time for traditional dating. In 2025, sugar daddy apps have become a preferred tool for those who want to connect quickly and quietly. These users often seek arrangements that respect their time and offer clear expectations.

    A sugar daddy app allows busy professionals to browse, match, and communicate without extended small talk. It saves time by focusing on users who are upfront about what they’re looking for. That directness appeals to people who are used to working with structure and efficiency.

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    Lifestyle Matchmaking

    Sugar daddy apps are also popular among high-income individuals because they offer matches that align with specific lifestyles. Whether dining out, luxury travel, or intellectual connection, the app format makes finding someone with shared interests easier.

    Some users prefer arrangements that are travel-based or seasonal. A sugar daddy might spend part of the year in another city or travel often for work. The app format makes it possible to connect with people in different locations, schedule time in advance, and communicate discreetly while moving.

    Discretion as a Key Feature

    Privacy is vital to many high-net-worth individuals. Using a sugar daddy dating app gives them more control over what they share when they respond, and how they present their profiles. Features like photo blurring, private messaging, and verification options create a more secure experience.

    These tools are handy for those who want to keep their personal lives separate from their business or public profiles. Many apps have built-in moderation to limit fake profiles and increase user trust.

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    Sugar Daddy Sites vs. Sugar Daddy Apps

    Both sugar daddy websites and apps serve the same purpose—helping people connect for mutually beneficial arrangements—but how users interact with them can differ.

    Apps are built for convenience. They’re ideal for users who want access to matches on the go. Whether during a lunch break or while traveling, a sugar daddy app offers quick access to profiles, chat tools, and updates. The layout is simple and designed for mobile users who prefer efficiency.

    On the other hand, sugar daddy sites often provide a more detailed experience. Longer bios, full-size photo galleries, and expanded search filters are common on the desktop version. Users who like to explore profiles more deeply or want to manage their matches from a larger screen may prefer this format.

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    Hybrid Use Is Common

    Many users switch between both. Someone might use a sugar daddy website at home and rely on the app when they’re out. This hybrid approach gives users flexibility, allowing them to maintain conversations and update their profiles from anywhere.

    For someone trying to find a sugar daddy, or for a sugar daddy hoping to connect with someone who understands their lifestyle, having access to both formats can be helpful.

    Online Connections That Fit Real Life

    Whether through a mobile app or a desktop site, sugar dating platforms in 2025 are designed to fit into people’s daily routines. From a quick match to a long-term connection, these tools help people make decisions based on clarity, preference, and availability.

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    How Sugar Daddy Apps Prioritize Safety in 2025

    Verified Profiles Build Trust

    Safety is one of the top concerns for anyone using a sugar daddy app in 2025. The best sugar daddy apps now require verification steps to protect users. These can include ID checks, selfie verification, and even income confirmation for sugar daddies. Verified profiles reduce the risk of scams and help people feel more secure when they start a new connection.

    Verified accounts are easier to trust when using a sugar daddy dating app. Users can see who is serious about finding an arrangement and who might be trying to mislead others. Verification makes a real difference in the overall experience.

    Photo Privacy and Secure Messaging

    Modern sugar daddy apps also provide tools to keep personal information private. Features like photo blurring, hidden albums, and profile controls let users decide who sees what. These privacy settings give both sugar babies and sugar daddies more control over their visibility.

    In-app messaging systems are designed to prevent spam and keep all conversations within a secure space. Some platforms also offer keyword filters to block suspicious messages. Together, these features help create a safer, more respectful environment.

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    Scam Prevention and Moderation

    Scam filtering has improved across many top sugar daddy websites and apps. Newer technology helps flag fake profiles and detect suspicious behavior early. When users report something that feels off, moderators can quickly review and act.

    The presence of active moderation is part of what separates legit sugar daddy sites from platforms that allow anything. A well-managed community supports safe dating and keeps the experience real.

    Why Verified Sugar Daddy Apps Matter

    Choosing a verified sugar daddy app matters. These apps aren’t just more secure and attract more serious users. People are less likely to run into fake profiles, time-wasters, or scammers when verification and moderation are part of the platform.

    Anyone looking to find a sugar daddy or connect with a real online sugar daddy should prioritize safety first. Verified apps are built to support that goal.

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    Final Thoughts

    Choosing the best sugar daddy app for your needs requires clarity about what you’re looking for—be it companionship, mentorship, or a luxurious lifestyle. The apps listed above each cater to different preferences and relationship styles. Explore the options, protect your privacy, and enjoy the journey of sugar dating in 2025.

    FAQs

    What are the best free sugar daddy apps?

    Some platforms like sugardaddy.com offer free basic memberships with optional paid upgrades.

    Can sugar babies get paid without meeting in person?

    Yes, some arrangements are entirely virtual. However, these are based on trust and clear agreement.

    Are sugar daddy apps safe to use?

    Reputable sugar daddy apps use encryption, profile verification, and fraud detection tools to keep users safe.

    Is sugar dating the same as escorting?

    No. Sugar dating is about mutually agreed-upon relationships that may or may not include intimacy. Escorting is transactional and often illegal.

    Are sugar daddy apps free?

    Many sugar daddy apps allow users to create an account and browse for free. However, to unlock full features, such as sending messages, viewing full profiles, or accessing premium filters, there’s often a paid membership option. Some sugar daddy apps free do exist, but they may have limited tools or fewer privacy features. Premium versions typically offer more security and better results.

    Do sugar daddies send money without meeting?

    It’s possible, but it’s rare. Most real sugar daddies prefer talking and building trust before offering support. While the idea of sugar daddy apps that send money without a meeting is popular in searches, many of those offers are linked to scams. If someone offers money immediately without real conversation or identity verification, it’s best to be cautious.

    How can I avoid scams on free sugar daddy apps?

    Always use verified sugar daddy apps with built-in security features like ID checks and profile moderation to stay safe. Avoid users who ask for personal financial information early on, and be wary of anyone who refuses to video chat or verify their identity. Don’t move conversations off the app too soon. If something feels off, trust your instincts and report the account.

    Where can I find a sugar daddy?

    You can find a sugar daddy using platforms specifically designed for sugar dating. The best way is through sugar daddy websites or apps that allow you to set preferences, filter by lifestyle or location, and communicate safely.

    Are sugar daddy relationships only about money?

    No. While financial support can be part of the arrangement, many sugar relationships are based on emotional connection, shared interests, or mentorship. Some sugar babies are looking for guidance or companionship more than anything else. Likewise, sugar daddies often seek someone who understands their lifestyle and values honesty and communication.

    Can sugar dating lead to long-term relationships?

    Yes, it can. Some sugar dating arrangements stay short-term, while others grow into longer commitments, including serious relationships or even marriage. Every arrangement is unique, and both define its meaning to them. What matters most is that both parties clearly understand their expectations from the start.

    Can men be sugar babies?

    Yes, men can be sugar babies, too. While most platforms have more women using them in that role, many sites and apps support a wide range of gender identities and relationship preferences. The sugar dating space is becoming more inclusive, and more men are finding arrangements that work for their lifestyle goals and personal needs.

    Media Contact

    Company: Sugar Daddy LLC

    Contact Person: Christopher A. Waldo

    Email: support@sugardaddy.com

    Address: 5820 Sunset Ridge Ave, Las Vegas, Nevada, USA

    URL: https://www.sugardaddy.com/

    Phone: +1 (888) 841-4235

    Content Accuracy Disclaimer

    Every effort has been made to ensure the accuracy of the information presented in this article. However, due to the dynamic nature of product formulations, promotions, and availability, details may change without notice. The publisher makes no warranties or representations as to the current completeness or accuracy of any content, including product claims, pricing, or ingredient lists.

    It is the responsibility of the reader to verify product information directly through the official website or manufacturer prior to making a purchasing decision. Any reliance placed on the information in this article is done strictly at your own risk.

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    The publisher only promotes products that have been independently evaluated and deemed potentially beneficial to readers. However, this compensation may influence the content, topics, or products discussed in this article. The views and opinions expressed are those of the author and do not necessarily reflect the official policy or position of any affiliate partner or product provider.

    All product reviews and descriptions reflect the author’s honest opinion based on available public data, user feedback, and scientific references at the time of writing. The inclusion of affiliate links does not influence the objectivity or integrity of the content. However, readers are encouraged to independently verify product information and consult with healthcare professionals prior to purchase or use.

    No warranties, either expressed or implied, are made about the completeness, accuracy, reliability, or suitability of the content provided. The publisher and all affiliated parties expressly disclaim any and all liability arising directly or indirectly from the use of any information contained herein.

    Product and Trademark Rights

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  • MIL-OSI Asia-Pac: AIR MARSHAL SP DHARKAR RETIRES AS VICE CHIEF OF THE AIR STAFF, INDIAN AIR FORCE

    Source: Government of India

    Posted On: 01 MAY 2025 9:40AM by PIB Delhi

    Air Marshal SP Dharkar retired as Vice Chief of the Air Staff on 30 April 2025, on superannuation from the Indian Air Force (IAF), after completion of 40 years of illustrious service to the nation.

    Air Marshal Dharkar was commissioned on 14 June 1985 as a Flying Pilot in the fighter stream of IAF and flew more than 3600 hours on different aircraft of the IAF. He is a Qualified Flying Instructor, Fighter Strike Leader and an Instrument Rating Instructor and Examiner. He is an alumnus of National Defence Academy, Defence Services Staff College, India and Army War College, USA.

    He held several important appointments in his career including that of Air Officer Commanding-in-Chief at the Eastern Air Command (EAC) and Senior Air Staff Officer at South Western Air Command, He also held offices of Air Defence Commander at HQ EAC and Assistant Chief of the Air Staff (Training) at Air Headquarters. He was the first Director General of the Defence Space Agency.

    In recognition of his meritorious services of an exceptionally high order, the Air Marshal was awarded Ati Vishisht Seva Medal in 2014, Param Vishisht Seva Medal in 2023 and Uttam Yudh Seva Medal in 2025.

    ***

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    MIL OSI Asia Pacific News –

  • MIL-OSI China: Millennium-old sites on Silk Road open in China, offer gateway to history

    Source: People’s Republic of China – State Council News

    LANZHOU, May 1 — Two major archaeological sites along the ancient Silk Road opened to the public in northwest China on Thursday, the first day of the May Day holiday, offering new choices for travelers keen to explore the exchanges between Eastern and Western civilizations over a millennium ago.

    One of these newly opened sites, the Tuyugou Grottoes, is located in the city of Turpan, Xinjiang Uygur Autonomous Region. This complex, built around the fifth century, boasts 157 caves carved into cliffs, three temples and nine pagodas.

    Five caves and a Buddhist temple at the grottoes have opened to the public, offering 300 visitor slots per day, said Liu Yi, a cultural relics preservation official of Turpan’s cultural heritage bureau.

    Ten archaeological excavations since 2010 at the site have unearthed abundant artifacts, including Buddhist scriptures in multiple languages as well as documents like taxation records and loan contracts.

    China has invested more than 77 million yuan (about 10.7 million U.S. dollars) in restoring and reinforcing these grottoes in recent years.

    “The Tuyugou Grottoes are a vivid testimony to the cultural and religious exchanges in the Turpan Basin,” said Xia Lidong, associate researcher at the Institute of Archaeology, Chinese Academy of Social Sciences.

    The ruins of Xuanquanzhi in the city of Dunhuang, Gansu Province, also opened to the public on Thursday.

    Dating back some 2,000 years to the Western Han Dynasty, the site back then served as a comprehensive post station for mail and information deliveries, as well as the reception of messengers, officials and foreign guests. It is one of the Silk Road sites that were added to the UNESCO World Heritage List in 2014.

    Following excavations in the early 1990s, the site was accessible only to research teams. Thanks to investments totaling over 309 million yuan, China strengthened preservation of the site and developed tourism facilities.

    “Through its remarkable efforts in cultural preservation, China has reminded the world that heritage is not static. It lives, breathes and teaches,” said Qaiser Nawab, chairman of the Belt and Road Initiative for Sustainable Development.

    Addressing the needs of international tourists, the site’s guiding and interpretation services are available in multiple languages.

    Samuel Fanning, a tourist and history lover from Canada, was attracted by Turpan’s ancient architecture.

    “I planned to stay in Xinjiang for seven days, but it will end up being 12 days. I think this can speak to how enjoyable it is to visit here,” Fanning said, adding that he will also visit Dunhuang.

    Qiu Jian, head of the Gansu provincial cultural heritage bureau, revealed that global interest in the ancient Silk Road is steadily rising.

    “Through the gradual opening of more cultural heritage sites, we aim to present an overall and more diverse picture of the Silk Road culture to the public,” said Qiu.

    MIL OSI China News –

  • MIL-OSI: Political risk tops companies’ ERM risk registers, according to latest Willis Political Risk Survey

    Source: GlobeNewswire (MIL-OSI)

    LONDON, May 01, 2025 (GLOBE NEWSWIRE) — Political risks rank among the top five risks on the Enterprise Risk Management (ERM) risk register for 75% of global companies, with 11% identifying it as the number one risk. Highly exposed industries, such as contracting, transport and mining are disproportionately affected, according to the eighth annual Political Risk Survey and Report by Willis, a WTW business, (NASDAQ:WTW).

    The survey revealed that 58% of respondents anticipated a negative financial impact on their organization due to the imposition of tariffs by the US. This figure is nearly as high as the 60% who reported financial setbacks from the Russia – Ukraine conflict in 2023 and significantly exceeds the 28% who cited negative effects from Western tensions with China and the Middle East conflict.

    Other key findings were:

    • Over the past eight years since the survey began, 2023 saw the highest political risk losses, driven by expropriation, political violence and currency convertibility issues. Notably, 18% of respondents faced losses significant enough to require corporate earnings restatements.
    • Companies were most likely to rely on direct negotiations with host governments and political risk insurance to recover such prior losses. In 2025, the most common risk mitigation strategies against potential future losses were diversification and a “three lines of defense” approach
    • Top political risk concerns for 2025 included U.S. policy uncertainty (especially tariffs) and tensions between the U.S. and its allies.
    • Other major risks included restricted access to key markets due to geopolitical tensions and the threat of state-backed cyber and disinformation attacks.

    The research includes a survey of 66 companies and in-depth, anonymized interviews with 15 companies. 

    “In the eight years since we began this research, companies’ political risk concerns have changed almost unrecognizably,” said Sam Wilkin, Director of Political Risk Analytics at Willis. “In 2018, political risk was mostly a worry for highly exposed sectors investing in risky countries like Venezuela. Today, political risk concerns apply across sectors, involve a much higher level of potential loss, and are focused on United States policy.”

    The complete report can be downloaded here.

    About WTW

    At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

    Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at wtwco.com.

    Media Contacts

    Sarah Booker
    Sarah.booker@wtwco.com / +44 (0)7917 722040

    The MIL Network –

  • MIL-OSI Global: Trump is freezing funds to clear thousands of unexploded mines in Vietnam 50 years after war ended

    Source: The Conversation – UK – By Andrew Priest, Lecturer in Modern US History, University of Essex

    Fifty years after the end of the Vietnam war, the long-term consequences of that conflict continue to affect many Vietnamese people’s daily lives. There are still thousands of unexploded mines and bombs strewn across the region in forests, rice fields and around villages.

    The war (1955-75) pitted communist North Vietnam and its allies against South Vietnam and its ally, the US, and spilled into Laos and Cambodia. It was seen partly as a symbol of the cold war and a conflict between communist values and the west.

    In 2019, the US Congress estimated that more than 20% of land in Vietnam, Laos and Cambodia remained “contaminated” by unexploded ordnance (UXO). In 2023, in Vietnam alone, this was estimated to mean around 800,000 tonnes of bombs and mines remained. Since 1975, UXO accidents have caused more than 105,000 casualties, including more than 38,000 deaths of Vietnamese civilians.

    But mine clearance and attempts to clean up the results of the toxic Agent Orange sprayed on the Vietnamese countryside during the war have been put on hold by Donald Trump’s government, as the administration dismantles US foreign aid (USAID).

    In the last few weeks, funds for the clean-up of Agent Orange at Bien Hoa air base, close to Ho Chi Minh City, were frozen and then unfrozen. It remains unclear how, or whether, the process will be able to continue when many of the personnel involved have lost their jobs.

    Meanwhile, a USAID project helping the victims of Agent Orange appears to have ended along with the agency that delivered it. And in January, the US state department announced it was suspending mine clearance in Vietnam, Laos and Cambodia for at least three months because of the cuts.

    In another development that suggests the relationship between Vietnam and the US is fragile, senior US diplomats based in Vietnam have been told not to attend any commemorations marking the end of the Vietnam war in Hanoi.

    What’s the backdrop?

    During the conflict, the US military dropped millions of tonnes of ordnance on Vietnam as well as neighbouring Cambodia and Laos.

    Even though Laos and Cambodia were not officially involved in the war, recent research has revealed that in the 1960s and 1970s, the Americans dropped more bombs on Cambodia than the allies did on their enemies during the second world war, and that Laos became the most bombed country per head of population in history.

    CBS coverage of the Vietnam war.

    As a result, every year hundreds of people across south-east Asia, many of them children, continue to be killed and maimed by these bombs and mines.

    Agent Orange’s legacy

    Agent Orange and other chemical defoliants used during the war are also still spreading their toxic legacy. US forces sprayed at least 70 million litres of these chemicals on the countryside during the war, to expose the enemy and destroy its food sources.

    This process proved potentially catastrophic for anyone, including Americans, who was exposed to Agent Orange at the time – as well as their children, as it is linked to birth defects.

    Today, millions of people — many of whom were not even alive during the conflict — continue to suffer from physical and mental conditions that can be directly linked to Agent Orange, despite the challenges of documenting cases.

    And countless people who fought and died in the war remain missing. While close to 60,000 Americans were killed and the bodies of some 1,600 of them are still unaccounted for, hundreds of thousands — probably millions — of Vietnamese, Laotians and Cambodians died. Many of their remains have never been found.

    This has led the International Commission on Missing Persons to suggest that about 200,000 Vietnamese people killed during the war are in “anonymous or unknown gravesites” across the country.

    In recent years, the US and Vietnam governments have worked together to undo some of the damage of the war, as part of the American and Vietnamese diplomatic reconciliation process. This has included the state department in Washington providing millions of dollars for the clearance of unexploded ordnance.

    The US government had also funded a multi-million dollar clean-up of areas on which Agent Orange was used, and supported treatment for those it affected.

    In recent years, governments of both nations also worked on projects to find the remains of Americans and Vietnamese killed in the war. Members of the public and veterans have been part of this search.

    US-Vietnamese ties have taken decades to build and involve many people at different levels of government in Hanoi and Washington. But Trump’s decision to halt funding for landmine removal as well as medical support in Vietnam will seriously endanger this work, and could leave hundreds of lives still at risk.

    Andrew Priest does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Trump is freezing funds to clear thousands of unexploded mines in Vietnam 50 years after war ended – https://theconversation.com/trump-is-freezing-funds-to-clear-thousands-of-unexploded-mines-in-vietnam-50-years-after-war-ended-255167

    MIL OSI – Global Reports –

  • MIL-OSI Global: Three scientists speak about what it’s like to have research funding cut by the Trump administration

    Source: The Conversation – UK – By Gemma Ware, Host, The Conversation Weekly Podcast, The Conversation

    The Trump administration’s cuts to funding for American universities and research have left many scientists reeling and very worried. At the National Institutes of Health, which has an annual budget of US$47 billion to support medical research both in the U.S. and around the world, nearly 800 grants have been terminated. The administration is considering cutting the overall budget of the NIH by 40%.

    In this episode of The Conversation Weekly podcast, we speak to three scientists, two in the U.S. and one in South Africa, about what it’s like to be a scientist whose funding has been cut by the Trump administration.

    Sunghee Lee was in a meeting when she received an email to say that her $5 million, five-year grant from the NIH had been terminated. It was March 21, and Lee, a research professor at the University of Michigan, was stunned.

    “ It was very short and opaque, which is very different than how NIH usually operates”, she said. Lee’s project, which started in 2024, looked at different risk factors for Alzheimer’s disease across racial and ethnic minorities in the U.S. The termination email cited diversity, equity and inclusion studies, an early target of the Trump administration’s cuts to federal research funding, which it said no longer “effectuates agency priorities.”

    Lee was confused. “ Our study looks at everybody,” she said. “So if looking at everybody is a DEI study, just about any data collection in this country should be classified as DEI studies and terminated.”

    An arduous application process

    A few weeks earlier, Brady West, a colleague of Lee’s at the University of Michigan, had received similar news. West’s access to a federal research data center, a secure room to access restricted personal data, was withdrawn. He was told that one of his NIH-funded projects, which looked at measuring health disparities between people of different sexual identities, was no longer in compliance with recent executive orders. “Fortunately for me,” he said, “I was nearing the end of this project.”

    West explains that it can take up to two years for researchers to win a grant from a federal funding agency like the NIH. That money then supports a whole team of people, including researchers and administrators. All grant applications are reviewed by a panel of experts from the field who judge whether it’s novel, important research.

     ”A big misconception is that an administration chooses to fund these grants based on what they believe are important topics to research,“ West said. “That’s not the case.”

    HIV vaccine research

    The vast majority of NIH funding goes to institutions and researchers in the U.S., but a recent analysis by the journal Nature found 811 grants to international teams in more than 60 countries worth more than $340 million.

    In South Africa, where tensions are running high with the new Trump administration over land reform and other diplomatic fault lines, scientists have had NIH-funded research grants suspended.

    Glenda Gray is a professor at the infectious disease and oncology research institute at the University of Witwatersrand in Johannesburg and chief scientific officer at South Africa’s Medical Research Council. She’s at the forefront of research efforts to find a vaccine for HIV, work supported largely by grants from the NIH and aid from the United States Agency for International Development.

    In January, a $46 million project funded by USAID on experimental HIV vaccines that Gray ran was terminated after the Trump administration dismantled the aid agency. Then in mid-April, she saw that funding for a clinical trial unit in Soweto involved in trials for HIV vaccines had been marked as “pending.” On top of that,  four global research networks on HIV/AIDS prevention and treatment strategies that the Soweto unit was affiliated with were told by NIH that they could no longer spend any money in South Africa.

    Gray says the level of funding, which was won in a competitive, global process, is “irreplacable” and will have drastic impact on HIV research.

    “ Basically you lose the knowledge or the value of understanding HIV prevention, HIV vaccines or therapeutics. We have the infrastructure, we have the burden of disease, and we have the ability to answer these questions,” Gray said. “And so it’s going to take much longer to answer these questions than if you had South Africa there. Basically, we slow down HIV vaccine research … you slow down the process of knowledge generation.”

    Listen to Sunghee Lee, Brady West and Glenda Gray talk about their experiences and what it means for their research on The Conversation Weekly podcast. It also includes an introduction with Alla Katsnelson, associate health editor at The Conversation in the U.S.

    This episode of The Conversation Weekly was written and produced by Gemma Ware and Katie Flood. Mixing and sound design by Eloise Stevens and theme music by Neeta Sarl.

    Newsclips in this episode from CBS News, Firstpost, ABC 7 Chicago, ABC News, CNN and PBS NewsHour.

    Listen to The Conversation Weekly via any of the apps listed above, download it directly via our RSS feed or find out how else to listen here.

    Brady Thomas West has received funding from the U.S. National Institutes of Health, the American Heart Association, the U.S. Department of Agriculture and National Science Foundation. Sunghee Lee has received funding from the National Institutes of Health, the National Science Foundation and the National Institute of Justice. Glenda Gray has received funding from USAID co-operative agreement for HIV vaccine research and US-NIH funding for HIV vaccines.

    – ref. Three scientists speak about what it’s like to have research funding cut by the Trump administration – https://theconversation.com/three-scientists-speak-about-what-its-like-to-have-research-funding-cut-by-the-trump-administration-255459

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: Distillery among next opening day traders announced for Derby Market Hall

    Source: City of Derby

    Derby City Council is excited to reveal another wave of traders who are set to move into the revitalised Derby Market Hall when it reopens, including a new bar and Derby’s first distillery in the heart of the city centre, marking another milestone in the transformation of the historic Grade-II listed building.

    Following a £35.1m restoration, the Market Hall will reopen its doors to the public on Saturday, 24 May, marking a new era for Derby’s independent shopping, dining, and entertainment scene. 

    A curated mix of traditional and contemporary traders will be in place when the Market Hall reopens its doors, creating a vibrant hub in the heart of the city and blending its rich history with a modern experience. The newest announcement of traders offers something for everyone, with the continuation of international flavours and diverse menus for all visitors.

    Supporting Derbyshire’s community:

    • Preloved, a non-profit, volunteer-run boutique will be operating from the Market Hall when it reopens to the public. The non-profit boutique, which will sell high-quality preloved clothing, is the newest initiative from YMCA Derbyshire Group, which also includes Padley@YMCA Derbyshire. The charities have a longstanding history of supporting young people and communities across Derby and Derbyshire, with the YMCA since 1847 and Padley since 1985. All proceeds from Preloved will go towards funding vital services and will help the YMCA contribute to their vision and mission of supporting young people and communities who are most in need. By shopping or donating to Preloved, visitors will be helping young people and the YMCA’s mission. 

    An iconic distillery and bar:

    • Award-winning local winery, distillers, and bar operators, Darley Abbey Wines will be operating two units at Derby Market Hall. Known for their first gin, The Uncommon Thread, and a recent win as Best Bar at the 2023 Marketing Derby Food & Drink Awards, Darley Abbey Wines continues to blend local heritage with a modern flair.
    • The Spirit Run will be the first distillery bar in the heart of Derby city centre, producing small-batch spirits for customers to sample and enjoy on-site at Derby Market Hall. After releasing their first gin in November 2022, The Uncommon Thread, the distillery arm of the business has continued to grow. With a focus on collaboration with local makers, and quality ingredients, The Spirit Run will offer visitors a brand-new cultural experience within the Market Hall.
    • Situated in the heart of the bustling Derby Market Hall, Market Porter is set to become a new welcoming space where visitors can enjoy a diverse selection of beers, hand-picked wines, premium spirits, and more. Whether you’re a wine enthusiast or simply looking for a great drink in a lively setting, Market Porter provides the perfect blend of quality and convenience.

    The international flavours continue:

    • With vibrant international flavours at the forefront of the revitalised Market Hall, Arepita is gearing up to offer authentic Venezuelan and Caribbean-inspired cuisine. Diners can enjoy freshly made arepas, empanadas and more, crafted with a wide range of bold spices and unique Venezuelan seasoning. Arepita will also offer a range of gluten-free dishes, staying true to their motto: “Gluten free… toasty and tasty”. Arepita is also set to offer takeaway and catering services.
    • Potful of Crumble, a dessert trader, is set to bring warm, nostalgic comfort to Derby Market Hall with a range of handcrafted crumble pots and fresh fruit smoothies, made fresh and on-site daily. Potful of Crumble offers a mix of traditional and more modern flavours, from its classic apple crumble, crafted from a cherished family recipe, to indulgent chocolate toppings. Each crumble pot is available in gluten-free and vegan options and is completely customisable with a range of hot or cold custard, ice cream, and a variety of toppings to choose from. A range of refreshing and tasty fresh fruit smoothies will also be available. 
    • Tikka Tales is set to bring the rich, smoky flavours of authentic Indian Tandoori cuisine to the Market Hall with a variety of flavourful dishes on offer. Celebrating bold spices and traditional cooking techniques, Tikka Tales will offer tandoori tikkas, freshly baked naan, a variety of traditional curry dishes, chaats, and much more. Diners will be able to experience the essence of India with marinated grilled meats and slow-cooked curry. Each dish will be authentically and freshly cooked in the Market Hall. Tikka Tales originates from the Artcore Café which has been operating for two years.
    • Bethel Kitchen will offer vibrant and diverse flavours with African and French dishes. Led by Sandra Sonna, a Lyon-born chef who grew up in Africa, Bethel Kitchen brings a diverse menu of fresh culinary experiences to Derby Market Hall. Visitors can look forward to an array of dishes, from classic French favourites such as quiche Lorraine, steak tartare, and beef bourguignon, to African staples such as jollof rice, fufu with okra, chicken suya, and fried plantain. The menu also features classic street food dishes including puff-puff, garba, and degue, offering something for each visitor to the Market Hall.

    Councillor Nadine Peatfield, Leader of Derby City Council and Cabinet Member for City Centre, Regeneration, Strategy and Policy, said:

    I’m delighted to announce our final wave of traders who will be operating in the Market Hall when it reopens to the public on Saturday, 24 May. The new traders each bring something unique and special to Derby and the historic Market Hall.

    We are bringing together the best of the region’s independent shopping, eating, drinking, and entertainment, and with only a few weeks to go, I’m excited for the reopening and for visitors from across the region and beyond to experience everything that our traders have to offer.

    The Market Hall will once again be Derby’s beating heart where people choose to come together to shop, eat, and enjoy the buzz of the city. I am certain that it will be a huge success.

    A range of pop-up traders will also be in place when the Market Hall reopens its doors to the public.

    Located at the heart of the city centre, linking Derbion and St Peter’s Quarter with the Cathedral Quarter and Becketwell, the redeveloped Market Hall will play a key role in widening the diversity of the city centre and is expected to generate £3.64m for the local economy every year.

    Follow Derby Market Hall on Facebook and Instagram, or visit the website to find out more. 

    Osnabruck Square, the space outside Derby Market Hall, will be open in July 2025.

    MIL OSI United Kingdom –