Category: Natural Disasters

MIL-OSI Security: Coast Guard issues Captain of the Port order to Puerto Nuevo Terminal for violating hazardous cargo handling permit in San Juan

Source: United States Coast Guard

02/27/2025 03:50 PM EST

The acting commander of U.S. Coast Guard Sector San Juan, Capt. Robert Stiles, issued a Captain of the Port (COTP) Order to Puerto Nuevo Terminals (PNT) port facility, Wednesday, for unlawfully handling dangerous cargo, specifically ammonium nitrate. This action was taken following a routine examination in which Coast Guard inspectors discovered PNT’s non-compliance with previous Coast Guard regulatory and safety orders which suspended PNT’s permit to handle hazardous cargoes as required by law and due to the facility’s lack of adequate firefighting capability. “This is a serious violation creating a dangerous situation at Puerto Nuevo Terminals, which is located next to a liquified natural gas facility,” said Capt. Robert Stiles, acting Coast Guard Sector San Juan commander and Captain of the Port. “The unlawful handling of ammonium nitrate can pose a serious risk to the safety of critical port infrastructure in San Juan Harbor. We are investigating this matter thoroughly and have taken necessary measures to ensure that the Puerto Nuevo Terminals facility is operating in a safe manner. The Coast Guard is committed to the safety and security of the nation’s ports and navigable waterways, and it is our duty to protect them.”

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MIL Security OSI –

February 28, 2025
MIL-OSI: SECU Foundation Initiates Phase Three Disaster Relief Package of $3.45 Million for Western North Carolina
Source: GlobeNewswire (MIL-OSI)

RALEIGH, N.C., Feb. 27, 2025 (GLOBE NEWSWIRE) — The SECU Foundation Board of Directors approved a third phase of Hurricane Helene disaster relief funding totaling $3.45 million for seven non-profit organizations assisting residents and communities in Western North Carolina (WNC). The funding will help address long-term housing needs, resources for at-risk groups, and organizational capacity to meet increased demand for services. Grantees include:
- Baptists on Mission (Wake County) – $2 million to repair and rebuild up to 100 damaged homes across the western region, including drywall replacement, roof repair, HVAC replacement, and new flooring.
- Asheville Buncombe Community Christian Ministry (Buncombe County) – $500,000 to increase facility capacity and expand staff resources to onboard and manage a corps of volunteers for delivering regional emergency and disaster relief services.
- Note in the Pocket (Wake County) – $250,000 to support human resource expansion and deployment for training and volunteer coordination at WNC agencies and to secure temporary warehouse space to accelerate the timeline for processing donated clothing.
- Mountain Projects (Haywood and Jackson Counties) – $200,000 to assist with organizational capacity to provide case management for the increased number of displaced individuals and families seeking emergency services.
- Hospitality House of Northwest North Carolina (Watauga County) – $200,000 to assist with increased organizational capacity to provide financial crisis assistance, case management for responding to hurricane-related housing needs, and increased food services for displaced individuals and families in their seven-county service area.
- Rutherford Housing Partnership (Rutherford County) – $200,000 to increase capacity to fund urgent home repairs, especially for those without insurance or who will not receive government assistance.
- Crossnore Communities for Children (Avery County) – $100,000 to support trauma resiliency efforts for neighboring communities impacted by Hurricane Helene and restoration of the storm-damaged Crossnore campus to address trauma-related impact for the children and foster families it serves.
SECU Foundation initially provided a relief package of $3.75 million, then in December added a second phase of giving at $1.75 million. This third phase brings the total to nearly $9 million for relief and recovery efforts.

“We are so grateful to be able to provide additional funding to assist our Western North Carolina communities,” said SECU Foundation Board Chair Chris Ayers. “The grants made to these seven organizations will help address many crucial areas, including food, housing, and restoration of important services. We look forward to seeing the positive impacts of this funding on our neighbors who have been devastated by Hurricane Helene.”

About SECU and SECU Foundation
A not-for-profit financial cooperative owned by its members, and federally insured by the National Credit Union Administration (NCUA), SECU has been providing employees of the state of North Carolina and their families with consumer financial services for 87 years. SECU is the second largest credit union in the United States with $53 billion in assets. It serves more than 2.8 million members through 275 branch offices, 1,100 ATMs, Member Services Support via phone, www.ncsecu.org, and the SECU Mobile App. The SECU Foundation, a 501(c)(3) charitable organization funded by the contributions of SECU members, promotes local community development in North Carolina primarily through high-impact projects in the areas of housing, education, healthcare, and human services. Since 2004, SECU Foundation has made a collective financial commitment of over $300 million for initiatives to benefit North Carolinians statewide.

Contact: Jama Campbell, Executive Director, secufoundation@ncsecu.org

The MIL Network –
February 28, 2025

MIL-OSI: Talen Energy Reports Full Year 2024 Results, Exceeds 2024 Guidance and Reaffirms 2025 Guidance

Source: GlobeNewswire (MIL-OSI)

Earnings Release Highlights

Full year GAAP Net Income (Loss) Attributable to Stockholders of $998 million.
Full year Adjusted EBITDA of $770 million and Adjusted Free Cash Flow of $283 million, exceeding the 2024 guidance midpoints.
Reaffirming 2025 guidance; 2026 outlook unchanged.
Reached reliability-must-run (“RMR”) settlement agreement with PJM and key stakeholders to run Brandon Shores and H.A. Wagner generation facilities through May 31, 2029.
Repurchased approximately 13 million shares in 2024 (22% of total outstanding shares).

HOUSTON, Feb. 27, 2025 (GLOBE NEWSWIRE) — Talen Energy Corporation (“Talen,” the “Company,” “we,” or “our”) (NASDAQ: TLN), an independent power producer dedicated to powering the future, today reported its full year 2024 financial and operating results.

“Talen had an exciting year focused on unlocking value from existing assets. Our fleet ran well this year, earning $770 million of Adjusted EBITDA and $283 million of Adjusted Free Cash Flow. We sold our data center campus to AWS and announced a major agreement providing power directly to them, making Talen the first power company to do so. We are actively executing under this arrangement and pursuing commercial and regulatory solutions for the Susquehanna ISA amendment,” said Talen President and Chief Executive Officer Mac McFarland.

“We sold our ERCOT assets earlier in the year, realizing significant value that was largely returned to our shareholders, and in Q4, we reached a settlement with PJM and other stakeholders to continue running our Brandon Shores and H.A. Wagner generation facilities through May 2029, supporting grid reliability in Maryland.” McFarland continued. “We have simplified our capital structure and prioritized shareholder returns, repurchasing 22% of our outstanding shares this year. We remain focused on maximizing value and cash flow per share.”

Summary of Financial and Operating Results (Unaudited)

_{(Millions of Dollars)}	Year Ended December 31, 2024
GAAP Net Income (Loss) Attributable to Stockholders		$998
Adjusted EBITDA		770
Adjusted Free Cash Flow		283

	Year Ended December 31, 2024		Year Ended December 31, 2023
Total Generation (TWh) ^(a)	36.3		32.5
Carbon-Free Generation	50	%	55	%
OSHA TRIR ^(b)	0.34		0.58
Fleet EFOF ^(c)	2.2	%	5.5	%

__________________
^{(a) Total generation is net of station use consumption, where applicable, includes volumes produced by Susquehanna in support of Nautilus operations and includes generation from ERCOT assets through April 2024.}
^{(b) OSHA Total Recordable Incident Rate (“OSHA TRIR”) is the number of recordable incidents x 200,000 / total number of manhours worked. Only includes Talen-operated generation facilities (i.e., excludes Conemaugh and Keystone).}
^{(c) Fleet Equivalent Forced Outage Factor (“Fleet EFOF”) is the percentage of a given period in which a generating unit is not available due to forced outages and forced de-rates. Represents all generation facilities, including our portion of partially-owned facilities.}

For the year ended December 31, 2024, we reported GAAP Net Income (Loss) Attributable to Stockholders of $998 million, Adjusted EBITDA of $770 million and Adjusted Free Cash Flow of $283 million. 2024 Adjusted EBITDA and Adjusted Free Cash Flow exceeded the 2024 guidance midpoints of $765 million and $275 million, respectively.

Given the impacts of fresh start accounting and the implementation of the plan of reorganization in the second quarter 2023, our full year 2024 results are not comparable to 2023.

Full year 2024 results were supported by strong operational performance across the generation fleet, the benefits from hedging activities, the impact of the Nuclear PTC, and disciplined cost management, despite the absence of earnings from the ERCOT generation portfolio that was sold in May 2024.

Our generation fleet continued to run reliably and safely, with a Fleet EFOF of 2.2% and an OSHA TRIR of 0.34. Total generation was 36.3 TWh, with 50% contributed from carbon-free nuclear generation at our Susquehanna nuclear facility. Also, our PJM gas-fired assets were dispatched more frequently during times of peak load than they were in 2023.

Reaffirming 2025 Guidance; 2026 Outlook Unchanged

_{(Millions of Dollars)}	Range
2025E Adjusted EBITDA	$925 – $1,175
2025E Adjusted Free Cash Flow	$395 – $595

_{(Millions of Dollars)}	Range
2026E Adjusted EBITDA	$1,130 – $1,530
2026E Adjusted Free Cash Flow	$535 – $895

RMR Arrangements

In December 2024, we reached an agreement with PJM, FERC staff, Maryland PSC and public utilities on the terms of RMR arrangements for our Brandon Shores and H.A. Wagner generation facilities. On January 27, 2025, we filed with FERC the resulting Joint Offers of Settlement regarding both facilities’ RMR Continuing Operations Rates Schedules, and they remain subject to FERC approval. If approved, the proposed RMR arrangements will extend the operating life of these facilities through May 31, 2029, or until such time as the necessary transmission upgrades are placed into service. Beginning June 1, 2025, we expect to receive $145 million annually for Brandon Shores and $35 million for H.A. Wagner with some performance incentives. Additionally, we expect to receive reimbursement for variable costs and approved project investments.

Update on Share Repurchase Program

Since the start of 2024, we have repurchased approximately 22% of our outstanding shares for a total of $1.95 billion, with $1.1 billion of remaining share repurchase program capacity through year-end 2026. During the fourth quarter 2024, we repurchased approximately 5 million shares of stock from our largest shareholder. All share repurchase amounts are excluding transaction costs.

Balance Sheet and Liquidity

We are focused on maintaining net leverage below our target of 3.5x net debt-to-Adjusted EBITDA, along with ample liquidity. As of February 21, 2025, we had total available liquidity of approximately $1.2 billion, comprised of $474 million of unrestricted cash and $700 million of available capacity under the revolving credit facility. Our current net leverage ratio, utilizing the 2024 Adjusted EBITDA and net debt balance as of February 21, 2025, is approximately 3.3x.

Update on Hedging Activities

As of December 31, 2024, including the impact of the Nuclear PTC, we had hedged approximately 89% of our expected generation volumes for 2025 and 33% for 2026. The Company’s hedging program is a key component of our comprehensive risk policy and supports the objective of increasing cash flow stability while maintaining upside optionality.

As an update on nuclear fuel supply activities, the nuclear fuel cycle is fully contracted through the 2027 fuel load, almost entirely contracted through 2028, and over 70% contracted through 2029. These percentages are based on total nuclear fuel costs across all phases and assume current market pricing for the portion not yet under contract.

Earnings Call

The Company will hold an earnings call on Thursday, February 27, 2025, at 4:30 p.m. EST (3:30 p.m. CST). To listen to the earnings call, please register in advance for the webcast here. For participants joining the call via phone, please register here prior to the start time to receive dial-in information. For those unable to participate in the live event, a digital replay of the earnings call will be archived for approximately one year and available on Talen’s Investor Relations website at https://ir.talenenergy.com/news-events/events.

About Talen

Talen Energy (NASDAQ: TLN) is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 10.7 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic and Montana. Our team is committed to generating power safely and reliably and delivering the most value per megawatt produced. Talen is also powering the digital infrastructure revolution. We are well-positioned to capture this significant growth opportunity, as data centers serving artificial intelligence increasingly demand more reliable, clean power. Talen is headquartered in Houston, Texas. For more information, visit https://www.talenenergy.com/.

Investor Relations:

Ellen Liu
Senior Director, Investor Relations
InvestorRelations@talenenergy.com

Media:

Taryne Williams
Director, Corporate Communications
Taryne.Williams@talenenergy.com

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecasts,” “goal,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” or other forms of these words or similar words or expressions or the negative thereof, although not all forward-looking statements contain these terms. Forward-looking statements address future events and conditions concerning, among other things, capital expenditures, earnings, litigation, regulatory matters, hedging, liquidity and capital resources and accounting matters. Forward-looking statements are subject to substantial risks and uncertainties that could cause our future business, financial condition, results of operations or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this communication. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from expectations, and are subject to numerous factors that present considerable risks and uncertainties.

TALEN ENERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS

	Successor						Predecessor
_{(Millions of Dollars, except share data)}	Year Ended December 31, 2024			May 18 through December 31, 2023			January 1 through May 17, 2023
Capacity revenues	$	192		$	133		$	108
Energy and other revenues		1,881			1,156			1,042
Unrealized gain (loss) on derivative instruments		42			55			60
Operating Revenues		2,115			1,344			1,210

Fuel and energy purchases		(694	)		(424	)		(176	)
Nuclear fuel amortization		(123	)		(108	)		(33	)
Unrealized gain (loss) on derivative instruments		20			(3	)		(123	)
Energy Expenses		(797	)		(535	)		(332	)

Operating Expenses
Operation, maintenance and development		(592	)		(358	)		(285	)
General and administrative		(163	)		(93	)		(51	)
Depreciation, amortization and accretion		(298	)		(165	)		(200	)
Impairments		(1	)		(3	)		(381	)
Other operating income (expense), net		(38	)		(30	)		(37	)
Operating Income (Loss)		226			160			(76	)
Nuclear decommissioning trust funds gain (loss), net		178			108			57
Interest expense and other finance charges		(238	)		(176	)		(163	)
Reorganization income (expense), net		—			—			799
Gain (loss) on sale of assets, net		884			7			50
Other non-operating income (expense), net		61			95			10
Income (Loss) Before Income Taxes		1,111			194			677
Income tax benefit (expense)		(98	)		(51	)		(212	)
Net Income (Loss)		1,013			143			465
Less: Net income (loss) attributable to noncontrolling interest		15			9			(14	)
Net Income (Loss) Attributable to Stockholders (Successor) / Member (Predecessor)	$	998		$	134		$	479
Per Common Share (Successor)
Net Income (Loss) Attributable to Stockholders – Basic	$	18.40		$	2.27		N/A
Net Income (Loss) Attributable to Stockholders – Diluted	$	17.67		$	2.26		N/A
Weighted-Average Number of Common Shares Outstanding – Basic (in thousands)		54,254			59,029		N/A
Weighted-Average Number of Common Shares Outstanding – Diluted (in thousands)		56,486			59,399		N/A

TALEN ENERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

	Successor
_{(Millions of Dollars, except share data)}	December 31, 2024			December 31, 2023
Assets
Cash and cash equivalents	$	328		$	400
Restricted cash and cash equivalents		37			501
Accounts receivable		123			137
Inventory, net		302			375
Derivative instruments		66			89
Other current assets		184			52
Total current assets		1,040			1,554
Property, plant and equipment, net		3,154			3,839
Nuclear decommissioning trust funds		1,724			1,575
Derivative instruments		5			6
Other noncurrent assets		183			147
Total Assets	$	6,106		$	7,121

Liabilities and Equity
Long-term debt, due within one year	$	17		$	9
Accrued interest		18			32
Accounts payable and other accrued liabilities		266			344
Derivative instruments		—			32
Other current liabilities		154			69
Total current liabilities		455			486
Long-term debt		2,987			2,811
Derivative instruments		7			11
Postretirement benefit obligations		305			368
Asset retirement obligations and accrued environmental costs		468			469
Deferred income taxes		362			407
Other noncurrent liabilities		135			35
Total Liabilities	$	4,719		$	4,587
Commitments and Contingencies

Stockholders’ Equity
Common stock ($0.001 par value 350,000,000 shares authorized) ^(a)	$	—		$	—
Additional paid-in capital		1,725			2,346
Accumulated retained earnings (deficit)		(326	)		134
Accumulated other comprehensive income (loss)		(12	)		(23	)
Total Stockholders’ Equity		1,387			2,457
Noncontrolling interests		—			77
Total Equity		1,387			2,534
Total Liabilities and Equity	$	6,106		$	7,121

__________________

^{(a) 45,961,910 and 59,028,843 shares issued and outstanding as of December 31, 2024 (Successor) and December 31, 2023 (Successor), respectively.}

TALEN ENERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS

	Successor						Predecessor
_{(Millions of Dollars)}	Year Ended December 31, 2024			May 18 through December 31, 2023			January 1 through May 17, 2023
Operating Activities
Net income (loss)	$	1,013		$	143		$	465
Non-cash reconciliation adjustments:
(Gain) loss on AWS Data Campus Sale and ERCOT Sale		(886	)		—			—
Depreciation, amortization and accretion		285			157			208
NDT funds (gain) loss, net (excluding interest and fees)		(130	)		(78	)		(43	)
Nuclear fuel amortization		123			108			33
Unrealized (gains) losses on derivative instruments		(69	)		(40	)		65
Deferred income taxes		(46	)		55			195
Impairments		1			3			381
(Gain) loss on sales of assets, net		—			(7	)		(50	)
Reorganization (income) expense, net		—			—			(933	)
Other		(26	)		7			7
Changes in assets and liabilities:
Inventory, net		67			(68	)		10
Accounts receivable		14			8			261
Other assets		(61	)		147			98
Accounts payable and accrued liabilities		(69	)		(49	)		(69	)
Accrued interest		(15	)		28			(124	)
Other liabilities		55			(12	)		(42	)
Net cash provided by (used in) operating activities		256			402			462
Investing Activities
NDT funds investment purchases		(2,295	)		(1,290	)		(959	)
NDT funds investment sale proceeds		2,263			1,265			949
Proceeds from AWS Data Campus Sale and ERCOT Sale		1,398			—			—
Nuclear fuel expenditures		(104	)		(45	)		(49	)
Property, plant and equipment expenditures		(85	)		(116	)		(138	)
Equity investments in affiliates		(10	)		(5	)		(8	)
Proceeds from the sale of assets		2			8			46
Other investing activities		2			12			2
Net cash provided by (used in) investing activities		1,171			(171	)		(157	)

TALEN ENERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS

	Successor						Predecessor
_{(Millions of Dollars)}	Year Ended December 31, 2024			May 18 through December 31, 2023			January 1 through May 17, 2023
Financing Activities
Share repurchases		(1,958	)		—			—
TES debt issuance		849			—			—
TES debt repayments		(479	)		—			—
Cumulus Digital TLF repayment		(182	)		(15	)		—
Repurchase of noncontrolling interest		(125	)		(19	)		—
Cash settlement of restricted stock units		(32	)		—			—
Exercise or repurchase of warrants		(16	)		(40	)		—
Deferred financing costs		(13	)		(7	)		(74	)
LMBE-MC TLB payments		—			(294	)		(7	)
TLB-1 proceeds, net		—			288			—
Repayment of prepetition secured indebtedness		—			—			(3,898	)
Financing proceeds at Emergence, net of discount		—			—			2,219
Contributions from member		—			—			1,393
Payment of make-whole premiums on prepetition secured indebtedness		—			—			(152	)
Derivatives with financing elements		—			—			(20	)
Other		(7	)		3			—
Net cash provided by (used in) financing activities		(1,963	)		(84	)		(539	)
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash and Cash Equivalents		(536	)		147			(234	)
Beginning of period cash and cash equivalents and restricted cash and cash equivalents		901			754			988
End of period cash and cash equivalents and restricted cash and cash equivalents	$	365		$	901		$	754

Non-GAAP Financial Measures

Adjusted EBITDA and Adjusted Free Cash flow, which we use as measures of our performance and liquidity, are not financial measures prepared under GAAP. Non-GAAP financial measures do not have definitions under GAAP and may be defined and calculated differently by, and not be comparable to, similarly titled measures used by other companies. Non-GAAP measures are not intended to replace the most comparable GAAP measures as indicators of performance. Generally, a non-GAAP financial measures is a numerical measure of financial performance, financial position, or cash flows that excludes (or includes) amounts that are included in (or excluded from) the most directly comparable measure calculated and presented in accordance with GAAP. Management cautions readers not to place undue reliance on the following non-GAAP financial measures, but to also consider them along with their most directly comparable GAAP financial measures. Non-GAAP measures have limitations as analytical tools and should not be considered in isolation or as a substitute for analyzing our results as reported under GAAP.

Adjusted EBITDA

We use Adjusted EBITDA to: (i) assist in comparing operating performance and readily view operating trends on a consistent basis from period to period without certain items that may distort financial results; (ii) plan and forecast overall expectations and evaluate actual results against such expectations; (iii) communicate with our Board of Directors, shareholders, creditors, analysts, and the broader financial community concerning our financial performance; (iv) set performance metrics for our annual short-term incentive compensation; and (v) assess compliance with our indebtedness.

Adjusted EBITDA is computed as net income (loss) adjusted, among other things, for certain: (i) nonrecurring charges; (ii) non-recurring gains; (iii) non-cash and other items; (iv) unusual market events; (v) any depreciation, amortization, or accretion; (vi) mark-to-market gains or losses; (vii) gains and losses on the nuclear facility decommissioning trust (“NDT”); (viii) gains and losses on asset sales, dispositions, and asset retirement; (ix) impairments, obsolescence, and net realizable value charges; (x) interest expense; (xi) income taxes; (xii) legal settlements, liquidated damages, and contractual terminations; (xiii) development expenses; (xiv) noncontrolling interests, except where otherwise noted; and (xv) other adjustments. Such adjustments are computed consistently with the provisions of our indebtedness to the extent that they can be derived from the financial records of the business. Pursuant to TES’s debt agreements, Cumulus Digital contributes to Adjusted EBITDA beginning in the first quarter 2024, following termination of the Cumulus Digital credit facility and associated cash flow sweep.

Additionally, we believe investors commonly adjust net income (loss) information to eliminate the effect of nonrecurring restructuring expenses and other non-cash charges, which can vary widely from company to company and from period to period and impair comparability. We believe Adjusted EBITDA is useful to investors and other users of our financial statements to evaluate our operating performance because it provides an additional tool to compare business performance across companies and between periods. Adjusted EBITDA is widely used by investors to measure a company’s operating performance without regard to such items described above. These adjustments can vary substantially from company to company and period to period depending upon accounting policies, book value of assets, capital structure, and the method by which assets were acquired.

Adjusted Free Cash Flow

Adjusted Free Cash Flow is utilized by our chief operating decision makers to evaluate cash flow activities. Adjusted Free Cash Flow is computed as Adjusted EBITDA reduced by capital expenditures (including nuclear fuel but excluding development, growth, and (or) conversion capital expenditures), cash payments for interest and finance charges, cash payments for taxes (excluding income taxes paid from the NDT, taxes paid or deductions taken as a result of strategic asset sales, and benefits of the Nuclear PTC utilized to reduce taxes paid), and pension contributions.

We believe Adjusted Free Cash Flow is useful to investors and other users of our financial statements in evaluating our operating performance because it provides them with an additional tool to determine a company’s ability to meet future obligations and to compare business performance across companies and across periods. Adjusted Free Cash Flow is widely used by investors to measure a company’s levered cash flow without regard to items such as ARO settlements; nonrecurring development, growth and conversion expenditures; and cash proceeds or payments for the sale or purchase of assets, which can vary substantially from company to company and from period to period depending upon accounting methods, book value of assets, capital structure, and the method by which assets were acquired.

Adjusted EBITDA / Adjusted Free Cash Flow Reconciliation

The following table presents a reconciliation of the GAAP financial measures of “Net Income (Loss)” presented on the Consolidated Statements of Operations to the non-GAAP financial measures of Adjusted EBITDA and Adjusted Free Cash Flow:

	Successor						Predecessor
_{(Millions of Dollars)}	Year Ended December 31, 2024			May 18 through December 31, 2023			January 1 through May 17, 2023
Net Income (Loss)	$	1,013		$	143		$	465
Adjustments
Interest expense and other finance charges		238			176			163
Income tax (benefit) expense		98			51			212
Depreciation, amortization and accretion		298			165			200
Nuclear fuel amortization		123			108			33
Reorganization (gain) loss, net ^(a)		—			—			(799	)
Unrealized (gain) loss on commodity derivative contracts		(62	)		(52	)		63
Nuclear decommissioning trust funds (gain) loss, net		(178	)		(108	)		(57	)
Stock-based compensation expense		33			19			—
Long-term incentive compensation expense		21			2			—
(Gain) loss on asset sales, net ^(b)		(884	)		(7	)		(50	)
Non-cash impairments ^(c)		1			3			381
Legal settlements and litigation costs ^(d)		(10	)		(84	)		1
Unusual market events ^(d)		(1	)		(19	)		14
Net periodic defined benefit cost		14			2			(3	)
Operational and other restructuring activities ^{(e) (f)}		76			48			17
Development expenses		1			7			10
Non-cash inventory net realizable value, obsolescence, and other charges ^(g)		20			4			56
Noncontrolling interest		(21	)		(42	)		(14	)
Other		(10	)		10			3
Total Adjusted EBITDA	$	770		$	426		$	695

Capital expenditures, net		(177	)		(112	)		(96	)
Interest and finance charge payments		(252	)		(132	)		(173	)
Tax payments		(4	)		(5	)		(5	)
Pension contributions		(54	)		(8	)		(3	)
Total Adjusted Free Cash Flow	$	283		$	169		$	418

_______________

^{(a) See Note 4 to the FY 2024 Financial Statements for additional information.}
^{(b) See Note 20 to the FY 2024 Financial Statements for additional information.}
^{(c) See Note 10 to the FY 2024 Financial Statements for additional information.}
^{(d) See Note 12 to the FY 2024 Financial Statements for additional information.}
^{(e) The year ended December 31, 2024 (Successor) primarily includes the effects of nonrecurring ERCOT hedge settlements that occurred after the ERCOT Sale and severance payments associated with cost reduction initiatives.}
^{(f) The periods from May 18 through December 31, 2023 (Successor) and from January 1 through May 17, 2023 (Predecessor) include the effects of nonrecurring costs associated with exit from the Restructuring, severance costs associated with cost reduction initiatives, and nonrecurring post-Restructuring strategic initiative costs.}
^{(g) See Note 8 to the FY 2024 Financial Statements for additional information.}

Adjusted EBITDA / Adjusted Free Cash Flow Reconciliation: 2025 Guidance

	2025E
_{(Millions of dollars)}	Low			High
Net Income (Loss)	$	155		$	375

Adjustments
Interest expense and other finance charges		235			245
Income tax (benefit) expense		60			80
Depreciation, amortization and accretion		295			295
Nuclear fuel amortization		105			105
Unrealized (gain) loss on commodity derivative contracts		75			75
Adjusted EBITDA	$	925		$	1,175

Capital expenditures, net	$	(195	)	$	(205	)
Interest and finance charge payments		(215	)		(225	)
Tax payments		(50	)		(70	)
Pension contributions		(70	)		(80	)
Adjusted Free Cash Flow	$	395		$	595

_______________

^{Note: Figures are rounded to the nearest $5 million.}

The MIL Network –

February 28, 2025

MIL-OSI: Cipher Mining Announces Participation in Upcoming Investor and Industry Conferences

Source: GlobeNewswire (MIL-OSI)

NEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) — Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”), a leader in the development of industrial-scale data centers, today announced its participation in several upcoming industry conferences. Cipher’s CEO, Tyler Page, will be featured in various fireside chats to discuss the company’s existing site capacity, growth strategy, bitcoin mining and HPC opportunities. Webcast links, if available, will be shared on Cipher’s X and LinkedIn platforms ahead of each event.

Details of the Events:

Event: Morgan Stanley Energy & Power Conference

Date: Tuesday, March 4^th, 2025

Event: Morgan Stanley Technology, Media & Telecom Conference

Date: Thursday, March 6^th, 2025

Event: 2025 Cantor Fitzgerald Global Technology Conference

Date: Wednesday, March 12^th, 2025

The webcast replays will also be available in the Events section of Cipher’s website at https://investors.ciphermining.com. For additional information, please contact the Cipher investor relations team at investors@ciphermining.com.

About Cipher

Cipher is focused on the development and operation of industrial-scale data centers for bitcoin mining and HPC hosting. Cipher aims to be a market leader in innovation, including in bitcoin mining growth, data center construction and as a hosting partner to the world’s largest HPC companies. To learn more about Cipher, please visit https://www.ciphermining.com/.

Website Disclosure

The company maintains a dedicated investor website at https://investors.ciphermining.com/ (“Investors’ Website”). Financial and other important information regarding the Company is routinely posted on and accessible through the Investors Website. Cipher uses its Investors’ Website as a distribution channel of material information about the Company, including through press releases, investor presentations, reports and notices of upcoming events. Cipher intends to utilize its Investors’ Website as a channel of distribution to reach public investors and as a means of disclosing material non-public information for complying with disclosure obligations under Regulation FD. In addition, you may sign up to automatically receive email alerts and other information about the Company by visiting the “Email Alerts” option under the Investors Resources section of Cipher’s Investors’ Website and submitting your email address.

Contacts:
Investor Contact:
Courtney Knight
Head of Investor Relations at Cipher Mining
Courtney.knight@ciphermining.com

Media Contact:
Ryan Dicovitsky / Kendal Till
Dukas Linden Public Relations
CipherMining@DLPR.com

The MIL Network –

February 28, 2025
MIL-OSI: Flywire to Attend Upcoming Investor Conferences
Source: GlobeNewswire (MIL-OSI)

BOSTON, Feb. 27, 2025 (GLOBE NEWSWIRE) — Flywire Corporation (Nasdaq: FLYW)(“Flywire” or the “Company”) a global payments enablement and software company, today announced that the Company will be attending the following upcoming investor conferences:
- On Monday, March 3, 2025, the Company will attend the Raymond James Institutional Investors Conference in Orlando, FL. They will participate in investor meetings.
- On Wednesday, March 5, 2025, the Company will attend the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA. They will participate in a fireside chat discussion which will begin at 12:20pm PST.
- On Tuesday, March 11, 2025, the Company will attend the Wolfe FinTech Forum in New York, NY. They will participate in a fireside chat discussion which will begin at 8:40am EST.
The fireside chat discussions will be webcast live from Flywire’s investor relations website at https://ir.flywire.com/. A replay of the webcasts will be available on the investor relations website for 90 days following the discussions.

About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.

Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.

Flywire supports approximately 4,500 clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. The company is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X , LinkedIn and Facebook.

Contacts
Investor Relations:
Masha Kahn
ir@Flywire.com

Media:
Sarah King
media@flywire.com

The MIL Network –
February 28, 2025

MIL-OSI: American Coastal Insurance Corporation Reports Financial Results for Its Fourth Quarter and Year Ended December 31, 2024

Source: GlobeNewswire (MIL-OSI)

Company to Host Quarterly Conference Call at 5:00 P.M. ET on February 27, 2025
The information in this press release should be read in conjunction with an earnings presentation that is available on the Company’s website at investors.amcoastal.com/Presentations.

ST. PETERSBURG, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) — American Coastal Insurance Corporation (Nasdaq: ACIC) (“ACIC” or the “Company”), a property and casualty insurance holding company, today reported its financial results for the fourth quarter and year ended December 31, 2024.


($ in thousands, except for per share data)	Three Months Ended								Year Ended
($ in thousands, except for per share data)	December 31,								December 31,
		2024			2023		Change			2024			2023		Change
Gross premiums written	$	140,739		$	128,260		9.7	%	$	647,805		$	635,709		1.9	%
Gross premiums earned		162,710			159,094		2.3			638,608			604,683		5.6
Net premiums earned		73,492			49,141		49.6			273,990			262,060		4.6
Total revenue		79,267			51,251		54.7			296,657			264,400		12.2
Income from continuing operations, net of tax		5,868			17,380		(66.2	)		76,319			85,204		(10.4	)
Income (loss) from discontinued operations, net of tax		(922	)		(3,096	)	70.2			(601	)		224,707		NM
Consolidated net income	$	4,946		$	14,284		(65.4	)%	$	75,718		$	309,911		NM

Net income available to ACIC stockholders per diluted share
Continuing Operations	$	0.12		$	0.38		(68.4	)%	$	1.55		$	1.92		(19.3	)%
Discontinued Operations	$	(0.02	)	$	(0.07	)	71.4			(0.01	)		5.06		NM
Total	$	0.10		$	0.31		(67.7	)%	$	1.54		$	6.98		NM

Reconciliation of net income to core income:
Plus: Non-cash amortization of intangible assets and goodwill impairment	$	608		$	811		(25.0	)%	$	2,639		$	3,247		(18.7	)%
Less: Income (loss) from discontinued operations, net of tax		(922	)		(3,096	)	70.2			(601	)		224,707		NM
Less: Net realized losses on investment portfolio		—			(2	)	NM			(124	)		(6,789	)	98.2
Less: Unrealized gains on equity securities		454			22		NM			1,996			814		NM
Less: Net tax impact ⁽¹⁾		32			166		(80.7	)%		161			1,937		(91.7	)
Core income⁽²⁾		5,990			18,005		(66.7	)		76,925			92,489		(16.8	)
Core income per diluted share ⁽²⁾	$	0.12		$	0.39		(69.2	)%	$	1.56		$	2.08		(25.0	)%

Book value per share									$	4.89		$	3.61		35.5	%

NM = Not Meaningful
⁽¹⁾	In order to reconcile net income to the core income measures, the Company included the tax impact of all adjustments using the 21% federal corporate tax rate.
⁽²⁾	Core income and core income per diluted share, both of which are measures that are not based on generally accepted accounting principles (“GAAP”), are reconciled above to net income and net income per diluted share, respectively, the most directly comparable GAAP measures. Additional information regarding non-GAAP financial measures presented in this press release can be found in the “Definitions of Non-GAAP Measures” section, below.

Comments from Chief Executive Officer, B. Bradford Martz:

“American Coastal, our insurance subsidiary, remains a leader in the Florida commercial residential market. The Company remained profitable in the 2024 fourth quarter with a combined ratio of 91.9%, despite the devastating impact and full catastrophe retention from Hurricane Milton, leading to a 67.5% combined ratio for the full year. This underscores the strength of our reinsurance strategy in safeguarding our balance sheet while mitigating the financial impact of catastrophic events.

Furthermore, American Coastal’s written premium increased 9.7% from the prior year fourth quarter and renewal retention remained steady. In December, we announced the launch of our apartment program, and, to date, we have received hundreds of high-quality submissions from our six broker partners, affirming the strong demand for American Coastal’s products.”

Return on Equity and Core Return on Equity

The calculations of the Company’s return on equity and core return on equity are shown below.


($ in thousands)	Three Months Ended						Year Ended
($ in thousands)	December 31,						December 31,
		2024			2023			2024			2023
Income from continuing operations, net of tax	$	5,868		$	17,380		$	76,319		$	85,204
Return on equity based on GAAP income from continuing operations, net of tax ⁽¹⁾		10.4	%		98.6	%		33.7	%		120.8	%

Income (loss) from discontinued operations, net of tax	$	(922	)	$	(3,096	)	$	(601	)	$	224,707
Return on equity based on GAAP income (loss) from discontinued operations, net of tax ⁽¹⁾		(1.6	)%		(17.6	)%		(0.3	)%	NM

Consolidated net income	$	4,946		$	14,284		$	75,718		$	309,911
Return on equity based on GAAP net income ⁽¹⁾		8.7	%		81.0	%		33.5	%	NM

Core income	$	5,990		$	18,005		$	76,925		$	92,489
Core return on equity ⁽¹⁾⁽²⁾		10.6	%		102.1	%		34.0	%		131.1	%

⁽¹⁾	Return on equity for the three months and years ended December 31, 2024 and 2023 is calculated on an annualized basis by dividing the net income or core income for the period by the average stockholders’ equity for the trailing twelve months.
⁽²⁾	Core return on equity, a measure that is not based on GAAP, is calculated based on core income, which is reconciled on the first page of this press release to net income, the most directly comparable GAAP measure. Additional information regarding non-GAAP financial measures presented in this press release can be found in the “Definitions of Non-GAAP Measures” section below.

Combined Ratio and Underlying Ratio

The calculations of the Company’s combined ratio and underlying combined ratio on a consolidated basis and attributable to Interboro Insurance Company (“IIC”), now captured within discontinued operations, are shown below.


($ in thousands)	Three Months Ended					Year Ended
($ in thousands)	December 31,					December 31,
	2024		2023		Change	2024		2023		Change
Consolidated
Loss ratio, net⁽¹⁾	40.5	%	13.7	%	26.8 pts	25.3	%	17.8	%	7.5 pts
Expense ratio, net⁽²⁾	51.4	%	46.2	%	5.2 pts	42.2	%	43.1	%	(0.9) pts
Combined ratio (CR)⁽³⁾	91.9	%	59.9	%	32.0 pts	67.5	%	60.9	%	6.6 pts
Effect of current year catastrophe losses on CR	27.8	%	(0.8	)%	28.6 pts	9.3	%	4.9	%	4.4 pts
Effect of prior year favorable development on CR	(1.8	)%	(3.0	)%	1.2 pts	(1.4	)%	(4.9	)%	3.5 pts
Underlying combined ratio⁽⁴⁾	65.9	%	63.7	%	2.2 pts	59.6	%	60.9	%	(1.3) pts

IIC
Loss ratio, net⁽¹⁾	73.4	%	78.5	%	(5.1) pts	71.2	%	81.6	%	(10.4) pts
Expense ratio, net⁽²⁾	47.1	%	39.0	%	8.1 pts	43.4	%	50.8	%	(7.4) pts
Combined ratio (CR)⁽³⁾	120.5	%	117.5	%	3.0 pts	114.6	%	132.4	%	(17.8) pts
Effect of current year catastrophe losses on CR	0.8	%	10.6	%	(9.8) pts	4.1	%	12.6	%	(8.5) pts
Effect of prior year favorable development on CR	(0.7	)%	13.2	%	(13.9) pts	(3.6	)%	2.0	%	(5.6) pts
Underlying combined ratio⁽⁴⁾	120.4	%	93.7	%	26.7 pts	114.1	%	117.8	%	(3.7) pts

⁽¹⁾	Loss ratio, net is calculated as losses and loss adjustment expenses (“LAE”), net of losses ceded to reinsurers, relative to net premiums earned.
⁽²⁾	Expense ratio, net is calculated as the sum of all operating expenses, less interest expense relative to net premiums earned.
⁽³⁾	Combined ratio is the sum of the loss ratio, net and expense ratio, net.
⁽⁴⁾	Underlying combined ratio, a measure that is not based on GAAP, is reconciled above to the combined ratio, the most directly comparable GAAP measure. Additional information regarding non-GAAP financial measures presented in this press release can be found in the “Definitions of Non-GAAP Measures” section below.

Combined Ratio Analysis

The calculations of the Company’s loss ratios and underlying loss ratios are shown below.


($ in thousands)	Three Months Ended								Year Ended
	December 31,								December 31,
		2024			2023		Change			2024			2023		Change
Loss and LAE	$	29,794		$	6,710		$	23,084	$	69,319		$	46,678		$	22,641
% of Gross earned premiums		18.3	%		4.2	%	14.1 pts			10.9	%		7.7	%	3.2 pts
% of Net earned premiums		40.5	%		13.7	%	26.8 pts			25.3	%		17.8	%	7.5 pts
Less:
Current year catastrophe losses	$	20,405		$	(406	)	$	20,811	$	25,561		$	12,783		$	12,778
Prior year reserve favorable development		(1,325	)		(1,482	)		157		(3,704	)		(12,694	)		8,990
Underlying loss and LAE ⁽¹⁾	$	10,714		$	8,598		$	2,116	$	47,462		$	46,589		$	873
% of Gross earned premiums		6.6	%		5.4	%	1.2 pts			7.4	%		7.7	%	(0.3) pts
% of Net earned premiums		14.5	%		17.5	%	(3.0) pts			17.3	%		17.8	%	(0.5) pts

⁽¹⁾	Underlying loss and LAE is a non-GAAP financial measure and is reconciled above to loss and LAE, the most directly comparable GAAP measure. Additional information regarding non-GAAP financial measures presented in this press release can be found in the “Definitions of Non-GAAP Measures” section, below.

The calculations of the Company’s expense ratios are shown below.


($ in thousands)	Three Months Ended								Year Ended
	December 31,								December 31,
		2024			2023		Change			2024			2023		Change
Policy acquisition costs	$	26,514		$	13,138		$	13,376	$	70,990		$	75,436		$	(4,446	)
General and administrative		11,277			9,561			1,716		44,756			37,559			7,197
Total Operating Expenses	$	37,791		$	22,699		$	15,092	$	115,746		$	112,995		$	2,751
% of Gross earned premiums		23.2	%		14.3	%	8.9 pts			18.1	%		18.7	%	(0.6) pts
% of Net earned premiums		51.4	%		46.2	%	5.2 pts			42.2	%		43.1	%	(0.9) pts

Quarterly Financial Results

Net income for the fourth quarter of 2024 was $4.9 million, or $0.10 per diluted share, compared to $14.3 million, or $0.31 per diluted share, for the fourth quarter of 2023. Of this income, $5.9 million is attributable to continuing operations for the three months ended December 31, 2024, a decrease of $11.5 million from net income of $17.4 million for the same period in 2023. Quarter-over-quarter revenues increased, driven by a decrease in ceded premiums earned, and an increase in gross premiums earned and net investment income. This was offset by increased expenses quarter-over-quarter, driven by an increase in loss and LAE and policy acquisition costs, as described below. The Company’s loss from discontinued operations, also contributed to this change in net income, with the loss decreasing $2.2 million quarter-over-quarter, as the deconsolidation of the Company’s former subsidiary, United Property and Casualty Insurance Company (“UPC”), is not impacting the Company in 2024.

The Company’s total gross written premium increased $12.5 million, or 9.7%, to $140.7 million for the fourth quarter of 2024, from $128.3 million for the fourth quarter of 2023. The breakdown of the quarter-over-quarter changes in both direct written and assumed premiums by state and gross written premium by line of business are shown in the table below.


($ in thousands)	Three Months Ended December 31,
		2024		2023	Change $		Change %
Direct Written and Assumed Premium by State
Florida	$	135,661	$	128,260	$	7,401	5.8	%
New York		—		—		—	—
Total direct written premium by state		135,661		128,260		7,401	5.8
Assumed premium		5,078		—		5,078	100.0
Total gross written premium by state	$	140,739	$	128,260	$	12,479	9.7	%

Gross Written Premium by Line of Business
Commercial property	$	140,739	$	128,260	$	12,479	9.7	%
Personal property		—		—		—	—
Total gross written premium by line of business	$	140,739	$	128,260	$	12,479	9.7	%

Loss and LAE increased by $23.1 million, or 344.8%, to $29.8 million for the fourth quarter of 2024, from $6.7 million for the fourth quarter of 2023. Loss and LAE expense as a percentage of net earned premiums increased 26.8 points to 40.5% for the fourth quarter of 2024, compared to 13.7% for the fourth quarter of 2023. Excluding catastrophe losses and reserve development, the Company’s gross underlying loss and LAE ratio for the fourth quarter of 2024 would have been 6.6%, a 1.2 point increase from the fourth quarter of 2023.

Policy acquisition costs increased by $13.4 million, or 102.3%, to $26.5 million for the fourth quarter of 2024, from $13.1 million for the fourth quarter of 2023, primarily due to a decrease in reinsurance commission income attributable to the change in our quota share reinsurance cession rate from 40% to 20% effective June 1, 2024. In addition, our management fees attributable to our commercial property premiums increased as the result of additional premiums written quarter-over-quarter.

General and administrative expenses increased by $1.7 million, or 17.7%, to $11.3 million for the fourth quarter of 2024, from $9.6 million for the fourth quarter of 2023, driven by increased overhead costs, such as amortization of capitalized software, equipment costs and salaries, and external spend for audit, actuarial and legal services.

IIC Quarterly Results Highlights

Net loss attributable to IIC totaled $633 thousand for the fourth quarter of 2024 compared to a net loss of $274 thousand for the fourth quarter of 2023. Drivers of the quarter-over-quarter increase included: an increase in general and administrative expenses of $406 thousand as the result of increased costs such as software licensing costs and salary expenses, offset by increased revenues of $355 thousand, which were driven by an increase in gross earned premiums of $1.4 million, offset by increased ceded premiums earned of $1.0 million.

Annual Financial Results

Net income attributable to the Company for the year ended December 31, 2024 was $75.7 million, or $1.54 per diluted share, compared to net income of $309.9 million, or $6.98 per diluted share, for the year ended December 31, 2023. Drivers of net income during 2024 included increased gross premiums earned partially offset by increased ceded premiums earned. Net investment income also increased, driving additional total revenues year-over-year. This increase in revenue was offset by increased expenses year-over-year, driven by increases in losses and LAE incurred and general and administrative expenses, partially offset by decreased policy acquisition costs. During 2024, the Company experienced a net loss attributable to discontinued operations of $601 thousand, compared to $224.7 million of net income attributable to discontinued operations during 2023, as the deconsolidation of the Company’s former subsidiary, UPC, is not impacting the Company in 2024.

The Company’s total gross written premium increased by $12.1 million, or 1.9%, to $647.8 million for the year ended December 31, 2024, from $635.7 million for the year ended December 31, 2023. The breakdown of the quarter-over-quarter changes in both direct written and assumed premiums by state and gross written premium by line of business are shown in the table below.


($ in thousands)	Year Ended December 31,
		2024		2023		Change $		Change %
Direct Written and Assumed Premium by State ⁽¹⁾
Florida	$	642,727	$	635,602		$	7,125	1.1	%
New York		—		—			—	—
Texas		—		(9	)		9	(100.0	)
Total direct written premium by state		642,727		635,593			7,134	1.1
Assumed premium ⁽²⁾		5,078		116			4,962	4,277.6
Total gross written premium by state	$	647,805	$	635,709		$	12,096	1.9	%

Gross Written Premium by Line of Business
Commercial property	$	647,805	$	635,709		$	12,096	1.9	%
Personal property		—		—			—	—
Total gross written premium by line of business	$	647,805	$	635,709		$	12,096	1.9	%

⁽¹⁾	The Company ceased writing in Texas as of May 31, 2022.
⁽²⁾	Assumed premium written for 2023 and 2024 primarily included commercial property business assumed from unaffiliated insurers.

Loss and LAE increased by $22.6 million, or 48.4%, to $69.3 million for the year ended December 31, 2024, from $46.7 million for the year ended December 31, 2023. Loss and LAE expense as a percentage of net earned premiums increased 7.5 points to 25.3% for the year ended December 31, 2024, compared to 17.8% for the year ended December 31, 2023. Excluding catastrophe losses and reserve development, the Company’s gross underlying loss and LAE ratio for the year ended December 31, 2024, would have been 7.4%, a decrease of 0.3 points from 7.7% for the year ended December 31, 2023.

Policy acquisition costs decreased by $4.4 million, or 5.9%, to $71.0 million for the year ended December 31, 2024, from $75.4 million for the year ended December 31, 2023, primarily due to an increase in ceding commission income as the result of the Company including quota share reinsurance coverage in their core catastrophe reinsurance programs beginning June 1, 2023. This resulted in ceding commission income for the full year ended December 31, 2024, compared to only seven months of the year ended December 31, 2023. This was partially offset by increased external management fees and premium taxes related to the Company’s increased commercial lines gross written premium.

General and administrative expenses increased by $7.2 million, or 19.1%, to $44.8 million for the year ended December 31, 2024, from $37.6 million for the year ended December 31, 2023, driven by increased overhead costs, such as amortization of capitalized software and salaries, as well as external spend for audit, actuarial and legal services.

IIC Annual Results Highlights

Net loss attributable to IIC totaled $1.3 million for the year ended December 31, 2024, compared to a net loss of $3.0 million for the year ended December 31, 2023. Drivers of the year-over-year decreased loss included: an increase in net premiums earned of $6.5 million, driven by an increase in gross premiums earned of $5.1 million, while ceded premiums earned decreased $1.4 million. This was partially offset by increased expenses of $3.9 million, driven by an increase in loss and LAE incurred of $2.6 million, which was driven by current year non-catastrophe losses, and an increase in general and administrative expenses of $853 thousand as the result of increased costs, such as software licensing costs and salary expenses. IIC’s policy acquisition costs also increased $426 thousand, driven by the increase in premiums described above.

Reinsurance Costs as a Percentage of Gross Earned Premium

Reinsurance costs as a percentage of gross earned premium in the fourth quarter of 2024 and 2023 were as follows:


	2024	2023
Non-at-Risk	(0.3) %	(0.2) %
Quota Share	(16.2) %	(31.4) %
All Other	(38.3) %	(37.4) %
Total Ceding Ratio	(54.8) %	(69.0) %

Ceded premiums earned related to the Company’s catastrophe excess of loss contracts remained relatively flat quarter-over-quarter. The Company’s utilization of quota share reinsurance coverage resulted in less excess of loss coverage needed for the 2023-2024 catastrophe year; however, the cost savings associated with this reduction in necessary coverage were offset by rate increases on catastrophe excess of loss coverage for the same period. This utilization of quota share reinsurance coverage increased the Company’s ceding ratio overall during 2023. Effective June 1, 2024, the Company decreased its quota share reinsurance coverage from 40% to 20%, lowering the Company’s quota share ceding ratio and overall ceding ratio.

Reinsurance costs as a percentage of gross earned premium in the fourth quarter of 2024 and 2023 for IIC, captured within discontinued operations, were as follows:


	IIC
	2024	2023
Non-at-Risk	(2.4) %	(2.7) %
Quota Share	— %	— %
All Other	(28.4) %	(20.9) %
Total Ceding Ratio	(30.8) %	(23.6) %

Investment Portfolio Highlights

The Company’s cash, restricted cash and investment holdings increased from $311.9 million at December 31, 2023, to $540.8 million at December 31, 2024. This increase is driven by positive cash flows from operations. The Company’s cash and investment holdings consist of investments in U.S. government and agency securities, corporate debt and investment grade money market instruments. Fixed maturities represented approximately 82.3% of total investments at December 31, 2024, compared to 89.4% of total investments at December 31, 2023. The Company’s fixed maturity investments had a modified duration of 2.2 years at December 31, 2024, compared to 3.4 years at December 31, 2023.

Book Value Analysis

Book value per common share increased 35.5% from $3.61 at December 31, 2023, to $4.89 at December 31, 2024. Underlying book value per common share increased 31.2% from $3.97 at December 31, 2023, to $5.21 at December 31, 2024. An increase in the Company’s retained earnings as a result of net income for the year ended December 31, 2024, drove the increase in the Company’s book value per share. As shown in the table below, removing the effect of Accumulated Other Comprehensive Income (“AOCI”), caused by capital market conditions, increases the Company’s book value per common share at December 31, 2024.


($ in thousands, except for share and per share data)	December 31, 2024			December 31, 2023
	December 31, 2024			December 31, 2023
Book Value per Share
Numerator:
Common stockholders’ equity	$	235,660		$	168,765
Denominator:
Total Shares Outstanding		48,204,962			46,777,006
Book Value Per Common Share	$	4.89		$	3.61

Book Value per Share, Excluding the Impact of AOCI
Numerator:
Common stockholders’ equity	$	235,660		$	168,765
Less: Accumulated other comprehensive loss		(15,666	)		(17,137	)
Stockholders’ Equity, excluding AOCI	$	251,326		$	185,902
Denominator:
Total Shares Outstanding		48,204,962			46,777,006
Underlying Book Value Per Common Share⁽¹⁾	$	5.21		$	3.97

⁽¹⁾	Underlying book value per common share is a non-GAAP financial measure and is reconciled above to book value per common share, the most directly comparable GAAP measure. Additional information regarding non-GAAP financial measures presented in this press release can be found in the “Definitions of Non-GAAP Measures” section below.

Conference Call Details

About American Coastal Insurance Corporation

American Coastal Insurance Corporation (amcoastal.com) is the holding company of the insurance carrier, American Coastal Insurance Company, which was founded in 2007 for the purpose of insuring Condominium and Homeowner Association properties, and apartments in the state of Florida. American Coastal Insurance Company has an exclusive partnership for distribution of Condominium Association properties in the state of Florida with AmRisc Group (amriscgroup.com), one of the largest Managing General Agents in the country specializing in hurricane-exposed properties. American Coastal Insurance Company has earned a Financial Stability Rating of “A”, “Exceptional” from Demotech, and maintains an “A-” insurance financial strength rating with a Stable outlook by Kroll. ACIC maintains a ‘BB+’ issuer rating with a Stable outlook by Kroll.

Contact Information:
Alexander Baty
Vice President, Finance & Investor Relations, American Coastal Insurance Corp.
investorrelations@amcoastal.com
(727) 425-8076

Karin Daly
Investor Relations, Vice President, The Equity Group
kdaly@equityny.com
(212) 836-9623

Definitions of Non-GAAP Measures

The Company believes that investors’ understanding of ACIC’s performance is enhanced by the Company’s disclosure of the following non-GAAP measures. The Company’s methods for calculating these measures may differ from those used by other companies and therefore comparability may be limited.

Net income (loss) excluding the effects of amortization of intangible assets, income (loss) from discontinued operations, realized gains (losses) and unrealized gains (losses) on equity securities, net of tax (core income (loss)) is a non-GAAP measure that is computed by adding amortization, net of tax, to net income (loss) and subtracting income (loss) from discontinued operations, net of tax, realized gains (losses) on the Company’s investment portfolio, net of tax, and unrealized gains (losses) on the Company’s equity securities, net of tax, from net income (loss). Amortization expense is related to the amortization of intangible assets acquired, including goodwill, through mergers and, therefore, the expense does not arise through normal operations. Investment portfolio gains (losses) and unrealized equity security gains (losses) vary independent of the Company’s operations. The Company believes it is useful for investors to evaluate these components both separately and in the aggregate when reviewing the Company’s performance. The most directly comparable GAAP measure is net income (loss). The core income (loss) measure should not be considered a substitute for net income (loss) and does not reflect the overall profitability of the Company’s business.

Core return on equity is a non-GAAP ratio calculated using non-GAAP measures. It is calculated by dividing the core income (loss) for the period by the average stockholders’ equity for the trailing twelve months (or one quarter of such average, in the case of quarterly periods). Core income (loss) is an after-tax non-GAAP measure that is calculated by excluding from net income (loss) the effect of income (loss) from discontinued operations, net of tax, non-cash amortization of intangible assets, including goodwill, unrealized gains or losses on the Company’s equity security investments and net realized gains or losses on the Company’s investment portfolio. In the opinion of the Company’s management, core income (loss), core income (loss) per share and core return on equity are meaningful indicators to investors of the Company’s underwriting and operating results, since the excluded items are not necessarily indicative of operating trends. Internally, the Company’s management uses core income (loss), core income (loss) per share and core return on equity to evaluate performance against historical results and establish financial targets on a consolidated basis. The most directly comparable GAAP measure is return on equity. The core return on equity measure should not be considered a substitute for return on equity and does not reflect the overall profitability of the Company’s business.

Combined ratio excluding the effects of current year catastrophe losses and prior year reserve development (underlying combined ratio) is a non-GAAP measure, that is computed by subtracting the effect of current year catastrophe losses and prior year development from the combined ratio. The Company believes that this ratio is useful to investors, and it is used by management to highlight the trends in the Company’s business that may be obscured by current year catastrophe losses and prior year development. Current year catastrophe losses cause the Company’s loss trends to vary significantly between periods as a result of their frequency of occurrence and severity and can have a significant impact on the combined ratio. Prior year development is caused by unexpected loss development on historical reserves. The Company believes it is useful for investors to evaluate these components both separately and in the aggregate when reviewing the Company’s performance. The most directly comparable GAAP measure is the combined ratio. The underlying combined ratio should not be considered as a substitute for the combined ratio and does not reflect the overall profitability of the Company’s business.

Net loss and LAE excluding the effects of current year catastrophe losses and prior year reserve development (underlying loss and LAE) is a non-GAAP measure that is computed by subtracting the effect of current year catastrophe losses and prior year reserve development from net loss and LAE. The Company uses underlying loss and LAE figures to analyze the Company’s loss trends that may be impacted by current year catastrophe losses and prior year development on the Company’s reserves. As discussed previously, these two items can have a significant impact on the Company’s loss trends in a given period. The Company believes it is useful for investors to evaluate these components both separately and in the aggregate when reviewing the Company’s performance. The most directly comparable GAAP measure is net loss and LAE. The underlying loss and LAE measure should not be considered a substitute for net loss and LAE and does not reflect the overall profitability of the Company’s business.

Book value per common share, excluding the impact of accumulated other comprehensive loss (underlying book value per common share), is a non-GAAP measure that is computed by dividing common stockholders’ equity after excluding accumulated other comprehensive income (loss), by total common shares outstanding plus dilutive potential common shares outstanding. The Company uses the trend in book value per common share, excluding the impact of accumulated other comprehensive income (loss), in conjunction with book value per common share to identify and analyze the change in net worth attributable to management efforts between periods. The Company believes this non-GAAP measure is useful to investors because it eliminates the effect of interest rates that can fluctuate significantly from period to period and are generally driven by economic and financial factors that are not influenced by management. Book value per common share is the most directly comparable GAAP measure. Book value per common share, excluding the impact of accumulated other comprehensive income (loss), should not be considered a substitute for book value per common share and does not reflect the recorded net worth of the Company’s business.

Discontinued Operations

On May 9, 2024, the Company entered into the Sale Agreement with Forza Insurance Holdings, LLC (“Forza”) in which ACIC will sell and Forza will acquire 100% of the issued and outstanding stock of the Company’s subsidiary, IIC. Forza’s application to acquire IIC was approved by the New York Department of Financial Services on February 13, 2025. The Company and Forza have agreed to close on April 1, 2025.

In addition, on February 27, 2023, the Florida Department of Financial Services was appointed as receiver of the Company’s former subsidiary, UPC. As such, prior year financial results and Consolidated Balance Sheet components have been reclassified to reflect continuing and discontinued operations appropriately.

Forward-Looking Statements

Statements made in this press release, or on the conference call identified above, and otherwise, that are not historical facts are “forward-looking statements”. The Company believes these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions, or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those expressed in, or implied by, the forward-looking statements. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by their use of words such as “may,” “will,” “expect,” “endeavor,” “project,” “believe,” “plan,” “anticipate,” “intend,” “could,” “would,” “estimate” or “continue” or the negative variations thereof or comparable terminology. Factors that could cause actual results to differ materially may be found in the Company’s filings with the U.S. Securities and Exchange Commission, in the “Risk Factors” section in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date on which they are made, and, except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements.


Consolidated Statements of Comprehensive Income In thousands, except share and per share amounts

	Three Months Ended						Year Ended
	December 31,						December 31,
		2024			2023			2024			2023
REVENUE:
Gross premiums written	$	140,739		$	128,260		$	647,805		$	635,709
Change in gross unearned premiums		21,971			30,834			(9,197	)		(31,026	)
Gross premiums earned		162,710			159,094			638,608			604,683
Ceded premiums earned		(89,218	)		(109,953	)		(364,618	)		(342,623	)
Net premiums earned		73,492			49,141			273,990			262,060
Net investment income		5,321			2,075			20,795			8,300
Net realized investment losses		—			(2	)		(124	)		(6,789	)
Net unrealized gains on equity securities		454			22			1,996			814
Other revenue		—			15			—			15
Total revenues	$	79,267		$	51,251		$	296,657		$	264,400
EXPENSES:
Losses and loss adjustment expenses		29,794			6,710			69,319			46,678
Policy acquisition costs		26,514			13,138			70,990			75,436
General and administrative expenses		11,277			9,561			44,756			37,559
Interest expense		2,784			2,719			11,996			10,875
Total expenses		70,369			32,128			197,061			170,548
Income before other income		8,898			19,123			99,596			93,852
Other income (loss)		(11	)		1,071			2,063			2,228
Income before income taxes		8,887			20,194			101,659			96,080
Provision for income taxes		3,019			2,814			25,340			10,876
Income from continuing operations, net of tax	$	5,868		$	17,380		$	76,319		$	85,204
Income (loss) from discontinued operations, net of tax		(922	)		(3,096	)		(601	)		224,707
Net income	$	4,946		$	14,284		$	75,718		$	309,911
OTHER COMPREHENSIVE INCOME:
Change in net unrealized gains (losses) on investments		(4,049	)		6,696			3,355			5,998
Reclassification adjustment for net realized investment losses		—			2			124			6,808
Income tax benefit related to items of other comprehensive income		—			—			—			—
Total comprehensive income	$	897		$	20,982		$	79,197		$	322,717

Weighted average shares outstanding
Basic		48,095,488			44,713,148			47,831,412			43,596,432
Diluted		49,589,458			45,712,715			49,362,985			44,388,804

Earnings available to ACIC common stockholders per share
Basic
Continuing operations	$	0.12		$	0.39		$	1.60		$	1.96
Discontinued operations		(0.02	)		(0.07	)		(0.01	)		5.15
Total	$	0.10		$	0.32		$	1.59		$	7.11
Diluted
Continuing operations	$	0.12		$	0.38		$	1.55		$	1.92
Discontinued operations		(0.02	)		(0.07	)		(0.01	)		5.06
Total	$	0.10		$	0.31		$	1.54		$	6.98

Dividends declared per share	$	0.50		$	—		$	0.50		$	—


Consolidated Balance Sheets In thousands, except share amounts

	December 31, 2024			December 31, 2023
ASSETS
Investments, at fair value:
Fixed maturities, available-for-sale	$	281,001		$	138,387
Equity securities		36,794			—
Other investments		23,623			16,487
Total investments	$	341,418		$	154,874
Cash and cash equivalents		137,036			138,930
Restricted cash		62,357			18,070
Accrued investment income		2,964			1,767
Property and equipment, net		5,736			3,658
Premiums receivable, net		46,564			45,924
Reinsurance recoverable on paid and unpaid losses		263,419			340,820
Ceded unearned premiums		160,893			155,301
Goodwill		59,476			59,476
Deferred policy acquisition costs		40,282			21,149
Intangible assets, net		5,908			8,548
Other assets		16,816			36,718
Assets held for sale		73,243			77,143
Total Assets	$	1,216,112		$	1,062,378
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Unpaid losses and loss adjustment expenses	$	322,087		$	347,738
Unearned premiums		285,354			276,157
Reinsurance payable on premiums		83,130			—
Payments outstanding		699			706
Accounts payable and accrued expenses		86,140			74,783
Operating lease liability		3,323			739
Other liabilities		757			672
Notes payable, net		149,020			148,688
Liabilities held for sale		49,942			44,130
Total Liabilities	$	980,452		$	893,613
Commitments and contingencies
Stockholders’ Equity:
Preferred stock, $0.0001 par value; 1,000,000 authorized; none issued or outstanding		—			—
Common stock, $0.0001 par value; 100,000,000 shares authorized; 48,417,045 and 46,989,089 issued, respectively; 48,204,962 and 46,777,006 outstanding, respectively		5			5
Additional paid-in capital		436,524			423,717
Treasury shares, at cost; 212,083 shares		(431	)		(431	)
Accumulated other comprehensive loss		(15,666	)		(17,137	)
Retained earnings (deficit)		(184,772	)		(237,389	)
Total Stockholders’ Equity	$	235,660		$	168,765
Total Liabilities and Stockholders’ Equity	$	1,216,112		$	1,062,378

The MIL Network –

February 28, 2025

MIL-OSI USA: VIDEO: Capito Votes to Overturn Biden–Era Natural Gas Tax

US Senate News:

Source: United States Senator for West Virginia Shelley Moore Capito
To watch Chairman Capito’s floor remarks, click here.
WASHINGTON, D.C. – Today, U.S. Senator Shelley Moore Capito (R-W.Va.), Chairman of the Senate Environment and Public Works (EPW) Committee, voted to overturn the Biden Environmental Protection Agency’s (EPA) Waste Emissions Charge (WEC) regulation as part of the Methane Emissions Reduction Program (MERP) under the Democrats’ Inflation Reduction Act. This rule enabled the collection of the Democrats’ natural gas tax, which would hurt American energy generation, damage our economy, and be detrimental to energy jobs across our country. The Senate approved the Congressional Review Act (CRA) joint resolution of disapproval, which was introduced by U.S. Senator John Hoeven (R-N.D.) and co-sponsored by Chairman Capito, by a vote of 52-47.
Prior to the final vote on the CRA, Chairman Capito delivered remarks on the Senate floor outlining the consequences of the natural gas tax and the importance of natural gas to American energy dominance, and urged her colleagues to support the measure.
Below are the floor remarks of Chairman Shelley Moore Capito (R-W.Va.) as delivered.
“I rise today in support of my friend from North Dakota, Senator Hoeven’s, Congressional Review Act resolution to block the implementation of the Biden administration’s Waste Emissions Charge, otherwise known as the natural gas tax.
“Since the day this regulation was finalized last November, I pledged that I would work with President Trump and my colleagues in the Congress to repeal this misguided, anti-energy tax. Today in the Senate, that is exactly what we’re working to do.
“We must recognize that we are in a critical moment for American energy. The North American Energy Reliability Corporation has found that over the next 10 years, due to a rise in energy consumption and the early retirement of our existing fossil fuel generation, our country could face major electric generation and reliability concerns.
“We must take action now to ensure that our future demand is met, that the lights remain on, our homes remain warm, and our economy keeps moving for Americans all across this country. We can do this by continuing to invest in natural gas.
“Over 60% of American homes, every day, heat their homes, their water, or their food with natural gas. Natural gas is responsible for over 40% of electricity generation, and fuels more than half of our industrial sector’s process heat. While the natural gas tax fails to recognize this reality, let’s look at what is true.
“Fracking and shale gas have both revolutionized and transformed American energy, leading to lower prices, job growth, and increased American energy security. According to the Energy Information Administration, the rapid expansion of natural gas-fired power plants, in this country, has decreased the power sector’s carbon dioxide emissions by 35% over the last 25 years.
“Natural gas has the potential to further reduce American greenhouse gas emissions if we continue to increase production.
“Natural gas is affordable, reliable, and a clean source of energy, vital to our country and our economy. We should be expanding natural gas production, not restricting it. Instead, the natural gas tax will constrain American natural gas production, leading to increased energy prices and providing a boost to the production of natural gas in Russia.
“Simply put, repealing the natural gas tax is a win for our economy, a win for our natural security, and a win for our environment.
“As part of establishing this tax, the Democrats’ so-called ‘Inflation Reduction Act’ ordered the EPA to revise its subpart W requirements in order to facilitate the reporting and calculation of the tax.
“The EPA subpart W revisions blatantly disregard and overstep even the partisan mandates of the IRA, and would excessively increase the tax burden on American energy under this natural gas tax. The revised emission factors with its subpart W reporting requirements make broad assumptions about oil and gas operations and technology that will lead to inaccurate reporting for many owners and operators.
“The rule would not only radically expand the scope of emissions required to be reported by each facility under the greenhouse gas reporting program, but it also excessively expands the number of facilities that are covered by subpart W, and consequently, responsible to pay the natural gas tax.
“Due to this uninformed and artificial overestimate of U.S. methane emissions, some smaller operators, who were once below the waste emissions threshold, are now at risk of seeing their reported methane emissions inflated, and owe large sums under the natural gas tax. If not repealed, this rule will arbitrarily increase the cost and burden of reporting under subpart W, motivated by the Democrats’ interest in growing the revenues generated by their natural gas tax.
“This will make it even more difficult and expensive to produce, transport, and consume American natural gas, and in turn, will hurt both American families who rely on the energy, and the environment of the communities that we live.
“It’s important that we note that our efforts today works in tandem with this Chamber’s recently passed budget resolution. As Chairman of the Environment and Public Works Committee, I have long intended to stop the natural gas tax, and we will continue to pursue this through the reconciliation process.
“Today’s vote on the CRA provides all senators the opportunity to put our vote on record after witnessing the Biden EPA’s bait and switch on the implementation of this misguided policy.
“I encourage my colleagues to support the CRA that is central to our mission of American energy dominance, and rejects this tax that will bolster our adversaries, increase energy costs on American families, and put our energy future at risk.”

MIL OSI USA News –

February 28, 2025
MIL-OSI Security: Indictment Returned on June 2024 Shooting in Northeast D.C.

Source: Office of United States Attorneys

Defendant Accused of Shooting Victim in the Arm While Victim Was Sitting on His Porch

WASHINGTON – Bryant Russell, 46, of Monroe, North Carolina, was indicted yesterday by a grand jury on aggravated assault while armed and other charges stemming from a shooting that occurred on June 6, 2024, in the Deanwood neighborhood of Northeast D.C., U.S. Attorney Edward R. Martin, Jr. and Chief Pamela Smith, of the Metropolitan Police Department (MPD) announced.

On February 26, 2025, Russell was indicted by a grand jury in the Superior Court of the District of Columbia on charges of aggravated assault while armed, possession of a firearm during a crime of violence, and unlawful possession of a firearm (prior conviction). Russell faces a maximum of 30 years in prison if convicted of the charges. The aggravated assault charge was brought under the D.C. Council’s Secure DC Omnibus Amendment Act of 2024. The change in the law recognizes all gunshot wounds as serious bodily injury.

According to the government’s evidence, Russell fired a single gunshot from the sidewalk at the victim—who was seated on his porch, smoking—and struck the victim in the right arm.

Following the shooting, Russell fled the scene. He was arrested on June 7, 2024 and has been in custody since his arrest.

This case was investigated by the Metropolitan Police Department and the U.S. Attorney’s Office for the District of Columbia. It is being prosecuted by Assistant U.S. Attorney Jacob Green. Valuable assistance was provided by Assistant U.S. Attorney Anthony Cocuzza.

An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

MIL Security OSI –

February 28, 2025
MIL-OSI Security: Henrico man sentenced to over eight years in prison for illegally possessing Molotov cocktails

Source: Office of United States Attorneys

RICHMOND, Va. – A Henrico man was sentenced today to eight years and one month in prison for possession of destructive devices.

According to court documents, in August 2020, Xavier Louis Lopez, 25, paced through his suburban Henrico neighborhood, wielding a knife that he used to slash the tires of cars belonging to neighbors of whose political views he disapproved. When police officers located and arrested Lopez, he violently resisted, attempted to gain control of a knife, and physically assaulted the officers.

After the arrest, investigators searched Lopez’s residence and located over a thousand rounds of ammunition, more than a dozen high-capacity magazines, rifle parts, and machining tools and equipment. All firearms-related items were seized following his 2021 plea agreement related to felony vandalism charges.

After Lopez’s release from prison in November 2022, investigators recovered eight Molotov cocktails, destructive devices with Styrofoam added to the gasoline mixture inside, creating improvised napalm. Located near the Molotov cocktails was a box of 9mm hollow-point ammunition, as well as the defendant’s attempts to 3D-print the final piece of a 9mm handgun build kit he had purchased anonymously online.

Erik S. Siebert, U.S. Attorney for the Eastern District of Virginia, and Stanley M. Meador, Special Agent in Charge of the FBI’s Richmond Field Office, made the announcement after sentencing by U.S. District Judge David J. Novak. The U.S. Attorney’s Office and the FBI’s Richmond Field Office thank the Henrico County Police Department and Commonwealth’s Attorney’s Office for their assistance to the investigation.

Assistant U.S. Attorney Thomas A. Garnett and Peter S. Duffey prosecuted the case.

A copy of this press release is located on the website of the U.S. Attorney’s Office for the Eastern District of Virginia. Related court documents and information are located on the website of the District Court for the Eastern District of Virginia or on PACER by searching for Case No. 3:23-cr-79.

MIL Security OSI –

February 28, 2025
MIL-OSI Security: Riverton man sentenced to two life sentences plus an additional 10 years in prison for first-degree murder and related charges on the Wind River Indian Reservation

Source: Office of United States Attorneys

Burdick Nelson Seminole Sr., 59, of Riverton, Wyoming, was sentenced to life in prison for first-degree murder and causing death with a firearm during a crime of violence, each count to run concurrently; plus, an additional 10 years imprisonment for discharging a firearm during a crime of violence. Chief U.S. District Court Judge Scott W. Skavdahl imposed the sentence on Feb. 27 in Casper. The court also ordered Seminole to pay $4,521.09 in restitution and a $300 special assessment.

Seminole was convicted of first-degree murder after a four-day trial on Nov. 15, 2024. According to court documents and evidence presented at trial, in the early morning of Aug. 8, 2023, Seminole drove to the victim’s residence, entered the residence without permission, and confronted the victim. An argument ensued and Seminole left the residence to retrieve a pistol and reentered the residence, where he continued to argue with the victim, who was sitting in his wheelchair. Seminole pistol-whipped the victim and shot him three times. In response, another resident shot at Seminole, hitting him in the back of the neck, causing him to flee. Seminole drove himself to the hospital and was diagnosed with a minor flesh wound. The victim was pronounced dead at the scene by EMS.

The Bureau of Indian Affairs Wind River Police Department and the FBI investigated the case. Assistant U.S. Attorney Michael J. Elmore prosecuted the case.

This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence and make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy, strengthening PSN on the basis of these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results. For more information about Project Safe Neighborhoods, please visit Justice.gov/PSN.

Case No. 24-CR-00017

MIL Security OSI –

February 28, 2025
MIL-OSI Security: Fairbanks Man Sentenced to Over 14 Years for Possessing Kilograms of Illegal Drugs with Intent to Distribute

Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

FAIRBANKS, Alaska – A Fairbanks man was sentenced today to over 14 years in prison for possessing with intent to sell over 12 kilograms of controlled substances.

According to court documents, beginning in August 2023, law enforcement received information that Kevin Shank, 46, was selling controlled substances from his residence in Fairbanks. In February 2024, law enforcement observed an individual purchase 1.1 grams of heroin and 21 blue fentanyl pills from Shank.

On March 19, 2024, law enforcement executed a search warrant on Shank’s residence, and discovered and seized over 6.1 kilograms of methamphetamine, over 2.4 kilograms of fentanyl tablets, nearly one kilogram of fentanyl powder, nearly one kilogram of cocaine, over 1.7 kilograms of marijuana, and smaller amounts of heroin, suboxone and Xanax. They also seized seven firearms, two homemade suppressors and various ammunition, as well as over $303,000 in cash and a truck purchased with drug trafficking proceeds.

Court documents explain that most of the controlled substances were found in a secret compartment in a small side room of the residence, while several firearms were staged at entrances to the residence and the side room.

On Nov. 26, 2024, Shank pleaded guilty to one count of possession with intent to distribute. The Court also ordered Shank to serve five years on supervised release and pay a $25,000 fine as part of his sentence.

“Mr. Shank possessed roughly 22 pounds of controlled substances, including seven pounds of illicit fentanyl, intended for distribution to profit at the expense of Alaskans safety,” said First Assistant U.S. Attorney Kathryn R. Vogel for the District of Alaska. “This case marks the largest drug seizure in Fairbanks history, and we thank our law enforcement partners for their efforts. This sentence underscores our strong commitment to dismantling drug trafficking supplies and to holding those accountable who endanger our communities by trafficking illegal, dangerous drugs.”

“Drug traffickers like Mr. Shank, who profit from the pain they cause selling poison to our neighbors, pose an especially grave threat,” said David F. Reames, Special Agent in Charge, DEA Seattle Field Division. “The fentanyl alone seized in this case amounted to more than 85,000 potentially lethal doses. Make no mistake: If you deal drugs in Alaska, DEA and our partners will hold you accountable.”

The Drug Enforcement Administration Seattle Field Division and Fairbanks Resident Office, with assistance from the FBI Anchorage Field Office, Alaska State Troopers, Fairbanks Police Department, North Pole Police Department, North Slope Borough Police Department and Fairbanks Airport Police Department as part of the Fairbanks Area Narcotics Team (FANT), investigated the case.

Assistant U.S. Attorney Carly Vosacek prosecuted the case.

###

MIL Security OSI –

February 28, 2025
MIL-OSI Security: Man Involved in Shooting at Fayetteville Hookah Lounge Sentenced to Ten Years in Federal Prison

Source: Office of United States Attorneys

GREENVILLE, N.C. –A Robeson County man was sentenced today to the statutory maximum of 120 months in prison for possession of a machine gun, after he fired a string of shots from a .40 caliber firearm that was equipped with a switch that converts a pistol to a machine gun. On October 9, 2024, Michai Jamill Caldwell, age 24, pled guilty to the charge.

According to court documents and other information presented in court, Caldwell was involved in a disagreement at the Anubis Hookah Lounge in Fayetteville on June 6, 2024. The disagreement ultimately led to an altercation between several patrons, including Caldwell, and the bouncer. After the altercation was diffused, all patrons were escorted out of the building and the lounge was closed. A short time later, Caldwell returned with another individual and was confronted by security as they reentered the establishment. During the confrontation, Caldwell fired a series of shots which struck multiple victims, including one victim who lost her right eye. Two other victims were seriously injured.

After the shooting, Caldwell fled the scene and led officers from the Fayetteville Police Department on a high-speed chase, reaching speeds in excess of 120 mph swerving through traffic and disregarding traffic lights. He initially evaded law enforcement but was arrested on June 21, 2024.

The conviction is a result of the ongoing Violent Crime Action Plan (VCAP) initiative which is a collaborative effort with local, state, and federal law enforcement agencies, working with the community, to identify and address the most significant drivers of violent crime. VCAP involves focused and strategic enforcement, and interagency coordination and intelligence-led policing.

Daniel P. Bubar, Acting U.S. Attorney for the Eastern District of North Carolina made the announcement after sentencing by U.S. District Judge Terrence W. Boyle. The Fayetteville Police Department and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) investigated the case and Assistant U.S. Attorney Ashley Foxx prosecuted the case.

Related court documents and information can be found on the website of the U.S. District Court for the Eastern District of North Carolina or on PACER by searching for Case No. 7:24-cr-66-BO-BM.

###

MIL Security OSI –

February 28, 2025
MIL-OSI Security: Felon In Possession Of Machinegun And Straw Purchaser Are Sentenced

Source: Office of United States Attorneys

CHARLOTTE, N.C. – A Charlotte man who illegally possessed a machinegun and a straw purchaser of firearms were sentenced today, announced Lawrence J. Cameron, Acting U.S. Attorney for the Western District of North Carolina. Keon Deangelo Steele, 20, was sentenced to 41 months in prison followed by three years of supervised release. Steele’s girlfriend, Anna Micaiah Denise Mack, 22, also of Charlotte, was ordered to serve 24 months on probation under court supervision.

Bennie Mims, Special Agent in Charge of the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), Charlotte Field Division, and Chief Johnny Jennings of the Charlotte Mecklenburg Police Department (CMPD), join Acting U.S. Attorney Cameron in making today’s announcement.

According to court documents and court proceedings, between May and June 2023, Steele sold multiple firearms to undercover officers. Specifically, on July 6, 2023, Steele communicated to an undercover officer that he had two firearms and two Glock switches for sale. A Glock switch is the common name for an illegal device that coverts a conventional firearm into a machinegun. Law enforcement arrived at the meeting location and observed Steele and Mack waiting inside a vehicle. The defendants were arrested and taken into custody. Law enforcement also searched the vehicle and found a backpack that contained a Glock 42, .40 caliber pistol outfitted with a Glock switch, and an additional Glock switch.

During the investigation, law enforcement determined that, on June 13, 2023, Mack purchased two firearms, a Glock 22 and a Glock 48, from a federal firearms dealer in Gastonia. Mack completed ATF Form 4473 in connection with the firearms purchases. As Mack later admitted in court, she lied on the form, falsely representing that she was the actual transferee/buyer of the firearms when, in fact, she was buying the firearms for Steele. Court records show that Mack straw purchased at least seven firearms for Steele within a span of a few weeks.

On June 27, 2024, Steele pleaded guilty to possession of a machinegun. On April 4, 2024, Mack pleaded guilty to making a false statement during the purchase of a firearm.

Acting U.S. Attorney Cameron thanked the ATF and CMPD for leading the investigation.

Assistant U.S. Attorney Brandon Boykin of the U.S. Attorney’s Office in Charlotte prosecuted the case.

The U.S. Attorney’s Office reminds the public that purchasing a gun for someone who is prohibited by law from possessing one, or for someone who does not want his or her name associated with the transaction, is a “straw purchase,” a federal crime punishable by up to 10 years in prison and a fine of up to $250,000. For more information on what you can do to ensure that you do not knowingly or unknowingly participate in a straw purchase, contact your local ATF office or call 1-800-ATF-GUNS.

MIL Security OSI –

February 28, 2025
MIL-OSI Security: Charlotte Man With Prior Criminal Convictions Is Sentenced To Prison For Unlawful Gun Possession

Source: Office of United States Attorneys

CHARLOTTE, N.C. – Alijah Kajuan Rollinson, 23, of Charlotte, was sentenced today to 57 months in prison followed by three years of supervised release for the unlawful possession of a firearm, announced Lawrence J. Cameron, Acting U.S. Attorney for the Western District of North Carolina.

Bennie Mims, Special Agent in Charge of the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), Charlotte Field Division, and Chief Johnny Jennings of the Charlotte Mecklenburg Police Department (CMPD), join Acting U.S. Attorney Cameron in making today’s announcement.

According to court documents and information presented at the sentencing hearing, on May 6, 2023, at around 11:00 p.m., CMPD responded to a shooting incident at the parking lot of an apartment complex. Witnesses on the scene told the officers that there had been an argument between Rollinson and another individual prior to the shooting. Court documents show that CMPD officers recovered multiple cartridge casings from the scene, including from the doorway of Rollinson’s apartment. A subsequent search of the apartment yielded two firearms, a rifle and a stolen pistol. The rifle was loaded with ammunition that matched the discharged casings found at the doorway. The pistol was also loaded with a round of ammunition in the chamber. Rollinson is not permitted to possess a firearm or ammunition based on his criminal history that includes convictions for Assault with a Deadly Weapon with Intent to Kill. and Discharge a Weapon Into Occupied Property.

On March 8, 2024, Rollinson pleaded guilty to possession of a firearm by a prohibited person. He is in federal custody until he is transferred to the custody of the Federal Bureau of Prisons upon designation of a federal facility.

In making today’s announcement, Acting U.S. Attorney Cameron thanked the ATF and CMPD for their investigation of the case.

Assistant U.S. Attorneys Brandon Boykin and Regina Pack of the U.S. Attorney’s Office in Charlotte prosecuted the case.

The case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. For more information about PSN in the Western District, please visit our website.

MIL Security OSI –

February 28, 2025
MIL-OSI Security: Man sentenced to 20 years for armed robbery of an East St. Louis convenience store

Source: Office of United States Attorneys

EAST ST. LOUIS, Ill. – A district judge sentenced a man to 20 years’ imprisonment for an armed robbery of a convenience store in East St. Louis.

Vernelle E. Hines, 31, arrested in Houston, Texas, pleaded guilty to one count of interference with commerce by robbery and one count of carry and use of a firearm during a crime of violence.

According to court documents, Hines brandished a firearm to the store clerk and demanded two bottles of tequila from the Mega Supermarket in East St. Louis on Oct. 31, 2023.

When the clerk refused, Hines assaulted the clerk, discharged his firearm into the ceiling and took two bottles of tequila and a couple hundred dollars by force. Hines wore a mask to conceal his face.

The store clerk sustained serious and permanent injuries.

“This 20-year sentence of a convicted felon who committed a brutal robbery is evidence of the Illinois State Police’s commitment to making communities safer,” said ISP Director Brendan F. Kelly. “ISP special agents will follow leads and track down those who commit evil until justice is served.”

At the time of the robbery, Hines was on federal supervised release for felon in possession of a firearm for charges in the Eastern District of Missouri.

The Illinois State Police’s Public Safety Enforcement Group led the investigation with assistance in apprehending Hines from the U.S. Marshals Service in the Southern District of Illinois and Homeland Security Investigations in the Southern District of Texas, Houston Division.

Assistant U.S. Attorney Ali Burns prosecuted the case.

MIL Security OSI –

February 28, 2025
MIL-OSI Security: Armed Drug Trafficker Is Sentenced To 10 Years in Prison

Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

CHARLOTTE, N.C. – Bryan Torres, 24, of Cherryville, N.C., was sentenced today to 10 years in prison and four years of supervised release on drug and gun charges, announced Lawrence J. Cameron, Acting U.S. Attorney for the Western District of North Carolina.

According to court documents and court proceedings, between October 2022 to January 2023, Torres engaged in drug trafficking in Gaston County. During the investigation, law enforcement conducted multiple controlled purchases of methamphetamine, over 250 fentanyl pills, powder fentanyl, heroin, and other substances from the defendant. Torres was armed during at least one drug transaction. On February 2, 2023, a search warrant was executed at Torres’s residence. Investigators seized from the residence five firearms and ammunition, and additional amounts of methamphetamine and fentanyl.

On February 29, 2024, Torres pleaded guilty to distribution of methamphetamine and possession of a firearm by a convicted felon. He will remain in federal custody until he is transferred to the custody of the Federal Bureau of Prisons upon designation of a federal facility.

The investigation was jointly conducted by the Drug Enforcement Administration, the Bureau of Alcohol, Tobacco, Firearms and Explosives, Homeland Security Investigations, the Cherryville Police Department, and the Gaston County Police Department.

The U.S. Attorney’s Office in Charlotte prosecuted the case.

This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. For more information about PSN in the Western District, please visit our website.

MIL Security OSI –

February 28, 2025
MIL-OSI Canada: Federal government invests in shoreline adaptation and restoration for the Tsleil-Waututh Nation
Source: Government of Canada regional news

From Housing, Infrastructure and Communities Canada:
English: https://www.canada.ca/en/housing-infrastructure-communities/news/2025/02/federal-government-invests-in-shoreline-adaptation-and-restoration-for-the-tsleil-waututh-nation.html
French: https://www.canada.ca/fr/logement-infrastructures-collectivites/nouvelles/2025/02/le-gouvernement-federal-investit-dans-ladaptation-et-la-restauration-des-berges-de-la-nation-des-tsleil-waututh.html

Erosion and flood protection improvements will help preserve the səlilwətaɬ (Tsleil-Waututh Nation) shores after a joint investment of more than $10.1 million from the federal government and the Nation.

This project includes beach replenishment, which will involve concept planning and engineering, site preparation, marine riparian shoreline planting, and the installation of intertidal adaptation features.

These improvements will protect the shoreline while promoting biodiversity, restoring habitat health, strengthening structural capacity, and improving ecological systems. This project will also increase the Nation’s resilience to climate change, natural disasters, and extreme weather events for years to come.

Quotes:

“Thank you to the Tsleil-Waututh Nation for their dedication, innovation, and hard work in restoring and protecting the shoreline from flooding and rising sea levels. Our government is working alongside Indigenous partners to tackle extreme weather, adapt to climate change, and build stronger, more resilient communities. Traditional Indigenous knowledge and experience from those living on this land since time immemorial is critical in fighting climate change and protecting our shared future. That’s why federal programs like this empower local leaders to drive the changes that work best in their communities.”

– The Honourable Terry Beech, Minister of Citizens’ Services and Member of Parliament for Burnaby North – Seymour

“These improvements to the Tsleil-Waututh Nation lands will protect the shoreline and marine habitat now and for future generations. The impacts of climate change make it essential that we act now to address potential hazards to make our communities stronger, preserve our natural ecosystems and keep people safe.”

– The Honourable Kelly Greene, B.C. Minister of Emergency Management and Climate Readiness

“səlilwətaɬ (Tsleil-Waututh Nation) is grateful for Green Adaptation, Resilience and Disaster Mitigation funding to support our reserve shoreline adaptation and resilience project. This funding will enable us to complete Tsleil-Waututh Nation Reserve shoreline protection, beach nourishment, and restoration works to address longstanding concerns with coastal erosion and flooding, and to strengthen community resilience to climate change. This project is also expected to enhance marine ecological health and biodiversity, protect səlilwətaɬ community lands and cultural sites, and improve community access to the shoreline for stewardship practices and intergenerational knowledge sharing.”

– Chief Jen Thomas, səlilwətaɬ (Tsleil-Waututh Nation)

Quick Facts:
- The federal government is investing $7,599,914 through the Green Infrastructure Stream of the Investing in Canada Infrastructure Program and the səlilwətaɬ (Tsleil-Waututh Nation) is contributing $2,533,305 with support from the Government of British Columbia.
- This stream helps build greener communities by contributing to climate change preparedness, reducing greenhouse gas emissions, and supporting renewable technologies.
- Including today’s announcement, over 150 infrastructure projects under the Green Infrastructure Stream have been announced in British Columbia, with a total federal contribution of more than $610 million and a total provincial contribution of more than $429 million.
- Under the Investing in Canada Plan, the federal government is investing more than $180 billion over 12 years in public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and Canada’s rural and northern communities.
- Federal funding is conditional on fulfilling all requirements related to consultation with Indigenous groups and environmental assessment obligations.
Associated Links:

Investing in Canada: Canada’s Long-Term Infrastructure Plan:
https://housing-infrastructure.canada.ca/plan/icp-publication-pic-eng.html

Green Infrastructure Stream:
https://housing-infrastructure.canada.ca/plan/icp-publication-pic-eng.html

Housing and Infrastructure Project Map:
https://housing-infrastructure.canada.ca/gmap-gcarte/index-eng.html

Strengthened Climate Plan:
https://www.canada.ca/en/services/environment/weather/climatechange/climate-plan/climate-plan-overview.html

For more information (media only), please contact:

MIL OSI Canada News –
February 28, 2025
MIL-OSI New Zealand: Insurance Council – Half of Kiwis seek action on climate
Source: Insurance Council of NZ

One in two New Zealanders believe the Government should invest more to protect people and properties from extreme weather events, according to a new survey.

Commissioned by the Insurance Council of New Zealand | Te Kāhui Inihua o Aotearoa (ICNZ), the survey found 49% of respondents believe the Government should invest more to safeguard lives and properties, compared with 53% in 2023 and 39% in 2002. Some 29% remain unsure about this issue.

A sizeable majority of 83% of respondents believe there should be more control on where properties are built so they are not at risk from flooding, similar to previous surveys.

“It’s clear Kiwis want to see more investment in resilience measures and action to avoid building in dumb places,” ICNZ chief executive Kris Faafoi said.

“The Government is taking steps in the right direction, but New Zealand needs to remain focused on finding solutions to reduce risk and keep communities safe as we face the prospect of more extreme weather.”

The survey also found:

Nearly half of those surveyed (46%) feel the Government should cover the cost of actions to reduce risk from the impact of climate change, followed by councils at 13%, individuals (12%), private sector (6%), and local communities (4%)

A majority of people (62%) believe the Government should take the lead to build New Zealand’s resilience and ability to cope with natural events such as earthquakes, floods and wildfires. This is followed by councils (16%), local communities (6%), individuals (4%) and thr private sector (3%).

“New Zealand is highly vulnerable to natural hazards and we are used to responding to major events. The insurance industry is committed to working collaboratively with government to reduce risk before disaster strikes,” Kris Faafoi said.

“ICNZ is holding its annual conference next week in Auckland and we are bringing together politicians, industry leaders, and regulators to discuss the challenges, opportunities, and actions necessary to build resilience in the face of climate change.

“The industry supports a broad political consensus that delivers a clear, coordinated and enduring climate change framework that ensures we avoid building in dumb places and that we do invest in infrastructure to protect communities.

“By investing in solutions to mitigate and adapt to the changing climate and reduce risk, we can safeguard New Zealanders, reduce the costs to taxpayers and ratepayers, and keep insurance affordable and accessible,” Kris Faafoi said.
MIL OSI New Zealand News –
February 28, 2025
MIL-OSI Australia: Suspicious building fire at Prospect

Source: South Australia Police

Police are investigating a suspicious building fire in Prospect in the early hours of this morning.

About 12.30am on Thursday 27 February, emergency services were called to Prospect Road at Prospect after reports of a fire inside a business premises.

Fire crews were quickly on scene and extinguished the blaze however there was significant damage caused to the shop.

Prospect Road was closed to traffic for a period of time whilst emergency services were at the scene.

Fire Techs attended to determine the cause of the fire, which is believed to have been deliberately lit.

Western District Detectives are investigating the incident and ask anyone who saw any suspicious activity in the area or has information that may assist to contact Crime Stoppers. You can anonymously provide information to Crime Stoppers online at https://crimestopperssa.com.au or free call 1800 333 000.

MIL OSI News –

February 28, 2025
MIL-OSI Security: Oxford — RCMP charge man with impaired operation and firearm offences
Source: Royal Canadian Mounted Police

The Nova Scotia RCMP has charged a man with impaired operation and firearms offences after responding to a report of an intoxicated man at a restaurant in Oxford.

On February 23, at approximately 7:45 p.m., RCMP officers responded to a report of an intoxicated man at a restaurant in Oxford. Upon arrival, officers learned that the man, who was showing signs of impairment, had driven to the restaurant. The man provided breath samples into an approved screening device which resulted in a “fail”. He was arrested for impaired operation of a motor vehicle.

While officers searched the man, they located and seized a loaded handgun*.

Christopher Lamert Jobe, 42, of Warren, has been charged with:
- Careless Use of Firearm
- Possession of a Prohibited Firearm with Ammunition
- Carrying Concealed Weapon
- Unauthorized Possession of Loaded Firearm
- Unauthorized Possession of Firearm
- Unauthorized Possession of Prohibited Weapon
- Unauthorized Possession in a Motor Vehicle
- Possession of Firearm Knowing its Possession is Unauthorized
- Possession of Ammunition Knowing its Possession is Unauthorized
- Operation While Impaired
- Operation of a Conveyance 80mg% or over
Jobe was transported to Oxford RCMP detachment and provided breath samples that registered 260 mg% and 250 mg%. He was later released on an undertaking. Jobe is scheduled to appear in Amherst Provincial Court on April 14.

Due to Jobe being an off-duty municipal police officer, the matter was referred to the Serious Incident Response Team (SiRT), which oversaw the investigation.

*The handgun was not a service weapon.

File #2025-242858

MIL Security OSI –
February 28, 2025
MIL-OSI Video: Disaster Survivor Assistance

Source: United States of America – Federal Government Departments (video statements)

Disaster Survivor Assistance teams visit house-to-house and orient survivors on how to register for FEMA assistance in the aftermath of the Los Angeles County wildfires.

https://www.youtube.com/watch?v=10_FToW_R3E

MIL OSI Video –

February 28, 2025
MIL-OSI Video: More Support is Available

Source: United States of America – Federal Government Departments (video statements)

Recovery takes a team effort, and FEMA isn’t the only source of help. Many organizations are stepping up to support wildfire survivors.

LA County 211 can help with food, housing assistance, income, employment and more.

The American Red Cross can also provide financial assistance. And the Small Business Administration is offering low-interest loans to help survivors rebuild.

To get a more detailed list of organizations that might be able to help…and to get the latest updates on debris removal, rebuilding, and even school operations, you can visit recovery.LACounty.gov. Don’t wait—take action today!

https://www.youtube.com/watch?v=9B90JwbejmM

MIL OSI Video –

February 28, 2025
MIL-OSI United Nations: Diverse disaster risks in the Arab States have led to inspiring solutions

Source: UNISDR Disaster Risk Reduction

SRSG Kamal Kishore visited Kuwait in February 2025 for the Arab Regional Platform for Disaster Risk Reduction. In this article he reflects on the region’s challenges and successes.

The Arab States region is known for its extremes: some of the world’s harshest conditions, but also the famous hospitality of its inhabitants. It is home to some of the wealthiest nations, but also many amongst the least-developed. It faces serious disaster risks – especially slow onset disasters like drought and desertification – but is also a source of innovative solutions.

I spent the past week in Kuwait where disaster risk management policy makers and practitioners from 22 countries from the Arab States region came together for the 6th Arab Regional Platform for Disaster Risk Reduction. This multi-stakeholder forum was called to take stock of progress against the Sendai Framework for Disaster Risk Reduction and devise ways to accelerate implementation over the next five years. Much of the success can be attributed to the generosity and professionalism of the host country, the State of Kuwait. The excellent organization of the Platform was the result of a tight partnership between the Kuwait Fire Force, the League of Arab States, and UNDRR’s Regional Office for Arab States, lining up a programme that covered a wide array of important topics for the region.

During the five intense days of deliberations, I learned many things. In a region that is beset by many challenges, disaster risk reduction issues do not always spring to mind as the most urgent. However the region has seen some of the worst disasters over the last few years – including floods in Libya (2023), Oman (2024) and UAE (2024); earthquakes in Syria and Morocco (2023); and a string of severe droughts across much of the region.

To say that the Arab States region is highly diverse is to state the obvious. However, this diversity goes beyond the nature of disaster risk (varying hazards, exposure, and socio-economic vulnerability) to the diverse institutional approaches adopted by countries of the region to manage disaster risk. The United Arab Emirates, in particular, have shown great leadership in the region, as champions of urban resilience and hosts of the COP28 UN Climate Change Conference.

During the Regional Platform I had so many enlightening conversations – formal and informal – and participated in numerous events and discussions. Considering all that I learned, I have the following reflections:

The next leap

Most of the countries in the region have established strong national level institutions for disaster risk management (these are variously named Disaster Management Agencies, or Emergency, Crisis and Disaster Management Authorities, and so on) and many have developed multi-year strategies for disaster risk management (for example, Morocco has a strategy for 2020 to 2030).

The next leap would be to pursue more integrative work with all development sectors. Interesting initiatives are already emanating from the region. For example: UNDRR’s Private Sector Alliance for Disaster Resilient Societies (ARISE) has helped develop and apply a resilience tool to aid the real estate sector in Dubai; and Libya and Iraq are modernizing the management of their irrigation dams.

Play closer attention to compounding risks

For example, sand and dust storms are getting more complex – in a region that has rapidly urbanized, not only are the impacts of these hazards evolving (such as the impacts on power transmission networks and renewable energy production), but these hazards are also combining with other threats such as soil and air pollution to create even bigger impacts.

ABCD (Align Biodiversity, Climate Change and Desertification) of Comprehensive Risk Management

This is a region where on-the-ground integration of the three Rio Conventions – Biodiversity, Climate Change, and Desertification – really comes alive. However, taking such a comprehensive approach requires that we align all of these interests across regional, national and sub-national institutions.

Blend tradition and innovation

The region is home to centuries of traditional wisdom to deal with extreme conditions and natural hazards – for example, this can be seen in how traditional housing and clothing have evolved to combat extreme heat. Traditional systems of finance such as Islamic Finance (and the notion of Zakat) provide a solid foundation for society’s financial resilience, particularly for the poorest. At the same time, many countries in the region are at the forefront of cutting-edge innovation – from advances in water management to the application of AI.

We can draw on both traditional wisdom and modern innovation to achieve disaster risk reduction objectives.

The energy and enthusiasm I witnessed during this past week gives me a sense of optimism that if we stay the course, this region can not only demonstrate on-the-ground disaster risk reduction results, but can also inspire action across the world.

The Global Platform for Disaster Risk Reduction, in June this year, will give an opportunity for all of the regions to share the outcomes of the Regional Platforms, and I look forward to the contributions arising from the Arab States Regional Platform.

MIL OSI United Nations News –

February 28, 2025
MIL-OSI USA: Commodity Classic Hyperwall Schedule

Source: NASA

NASA Science at AMS Hyperwall Schedule, January 13-16, 2025
Join NASA in the Exhibit Hall (Booth #401) for Hyperwall Storytelling by NASA experts. Full Hyperwall Agenda below.

MONDAY, JANUARY 13

6:10 – 6:25 PM
The Golden Age of Ocean Science: How NASA’s Newest Missions Advance the Study of Oceans in our Earth System
Dr. Karen St. Germain

6:25 – 6:40 PM
Integration of Vantage Points and Approaches for Earth System Science
Dr. Jack Kaye

6:45 – 7:00 PM
Helio Big Year Wind-Down and a Look Ahead
Dr. Joseph Westlake

7:00 – 7:15 PM
Chasing Snowstorms with Airplanes: An Overview of the IMPACTS Field Campaign
John YorksLynn McMurdie

7:15 – 7:30 PM
NASA Earth Action Empowering Health and Air Quality Communities
Dr. John Haynes

TUESDAY, JANUARY 14

10:00 – 10:15 AM
Earthdata Applications
Hannah Townley

10:15 – 10:30 AM
Climate Adaptation Science Investigators (CASI): Enhancing Climate Resilience at NASA
Cynthia Rosenzweig

10:30 – 10:45 AM
From Orbit to Earth: Exploring the LEO Science Digest
Jeremy Goldstein

12:00 – 12:15 PM
Visualizaiton of the May 10-11 ‘Gannon’ Geospace Storm
Michael Wiltberger

12:15 – 12:30 PM
Explore Space Weather Through the Community Coordinated Modeling Center and OpenSpace
Elana Resnick

12:30 – 12:45 PM
Satellite Needs Working Group (SNWG): US Government Agencies’ Source of NASA ESD-wide Earth Observations solutions
Natasha Sadoff

12:45 – 1:00 PM
Connecting Satellite Data to the One Health Approach
Helena Chapman

1:00 – 1:15 PM
A Bird’s-Eye View of Pollution in Asian Megacities
Laura Judd

1:15 – 1:30 PM
Space Weather at Mars
Gina DiBraccioJamie Favors

3:00 – 3:15 PM
Open Science: Creating a Culture of Innovation and Collaboration
Lauren Perkins

3:15 – 3:30 PM
NASA’s Early Career Reseach Program Paving the Way
Cynthia HallYaítza Luna-Cruz

3:30 – 3:45 PM
SciX: Accelerating Discovery of NASA’s Science through Open Science and Domain Integration
Anna Kelbert

6:15 – 6:30 PM
Using NASA IMERG to Detect Extreme Rainfall Within Data Deserts
Owen KelleyGeorge Huffman

6:30 – 6:45 PM
Satellite Remote Sensing of Aerosols Around the World
Rob Levy

6:45 – 7:00 PM
The Sun, Space Weather, and You
Jim SpannErin Lynch

7:00 – 7:15 PM
Eyes on the Stars: The Building of a 21st-century Solar Observatory
Ame FoxDr. Elsayed Talaat

7:15 – 7:30 PM
NASA ESTO: Launchpad for Novel Earth Science Technologies
Michael Seablom

WEDNESDAY, JANUARY 15

10:00 – 10:15 AM
Parker Solar Probe Outreach and the Power of Indigenous Thought Leaders
Troy Cline

10:15 – 10:30 AM
Forecasting Extreme Weather Events at Local Scales with NASA High-Resolution Models
Gary Partyka

10:30 – 10:45 AM
North American Land Data Assimilation System: Informing Water and Agricultural Management Applications with NASA Modeling and Remote Sensing
Sujay Kumar

12:00 – 12:15 PM
Life After Launch: A Snapshot of the First 9 Months of NASA’s PACE Mission
Carina Poulin

12:15 – 12:30 PM
Space Weather and the May 2024 Geomagnetic Storm
Antti Pulkkinen

12:30 – 12:45 PM
Geospace Dynamics Constellation: The Space Weather Rosetta Stone
Dr. Katherine Garcia Gage

12:45 – 1:00 PM
Monitoring Sea Level Change using ICESat-2 and other NASA EO Missions
Aimee Neeley

1:00 – 1:15 PM
Space Weather Center of Excellence CLEAR: All-CLEAR SEP Forecast
Lulu Zhao

1:15 – 1:30 PM
Harnessing the Power of NASA Earth Observations for a Resilient Water Future
Stephanie Granger

3:00 – 3:15 PM
From EARTHDATA to Action: Enabling Earth Science Data to Serve Society
Jim O’SullivanYaitza Luna-Cruz

3:15 – 3:30 PM
GMAO and GEOS Related Talk TBD
Christine Bloecker

3:30 – 3:45 PM
Live Heliophysics Kahoot! Quiz Bowl
Jimmy Acevedo

3:45 – 4:00 PM
Parker Solar Probe
Nour Rawaf

THURSDAY, JANUARY 16

10:00 – 10:15 AM
Sounds of Space: Sonification with CDAWeb
Alex Young

10:30 – 10:45 AM
Developing the Future of Microwave Sounding Data: Benefits and Opportunities
Ed Kim

MIL OSI USA News –

February 28, 2025
MIL-OSI Global: What are the chances an asteroid will impact Earth in 2032?

Source: The Conversation – Canada – By Gordon Osinski, Professor in Earth and Planetary Science, Western University

An artist’s rendition of one of the many thousands of near-Earth objects that could potentially impact Earth in the future. (European Space Agency/P.Carril)

For a few days in mid-February, headlines around the world buzzed about the potential for an asteroid to hit the Earth in 2032 — specifically, asteroid 2024 YR4. The chance of this impact rose to a high of 3.1 per cent on Feb. 18.

The number has since dropped to near zero, but this news was a real-life Don’t Look Up moment, and a stark reminder of the threat that asteroid impacts pose to life on Earth.

As a planetary geologist, my research focuses on meteorite impact craters, the scars of large asteroid and cometary impacts in Earth’s past.

Impact Earth

There are countless numbers of asteroids and an unknown number of comets throughout our solar system. Most of these objects date back to the very beginnings of our solar system, around 4.5 billion years ago.

Research has identified approximately 200 locations where these asteroids or comets have struck the Earth in the past to form meteorite impact craters. It’s very rare that planetary geologists can tell whether it was an asteroid or comet that hit.

One of the most famous of these 200 or so impact craters is the 200 km diameter Chicxulub impact crater in the Yucatan Peninsula, Mexico. This impact wiped out 65 per cent of all species on Earth, including the dinosaurs, 66 million years ago.

One of the most recent and best-preserved craters on Earth is the 1.2 km in diameter Meteor Crater in Arizona, which formed 50,000 years ago.

The Meteor Crater in Arizone is one of the most recent and best-preserved craters on Earth.
(G.Osinski), CC BY

Millions of craters

Two hundred craters over 4.5 billion years hardly seems like a big number or cause for concern however, this number is a tiny fraction of the actual record. Most impact craters formed on Earth have been erased due to plate tectonics, volcanic eruptions, and erosion by water, wind and ice.

To truly appreciate how common impact craters are, we need to look to Earth’s closest neighbour, the moon. Because of its proximity, objects that can hit the moon can also hit the Earth. In fact, because the Earth is bigger, which means our gravitational attraction is higher, more asteroids and comets would have hit the Earth over the past 4.5 billion years than the moon.

The best estimate is 1.3 million craters over one kilometre in diameter on the moon, with another 700,000 or so smaller ones.

The dots represent a snapshot of the population of near-earth asteroids that scientists think are likely to exist. The simulated near-Earth asteroids are blue, and Earth’s orbit is green.
(NASA/JPL-Caltech)

Updated calculations

Asteroid 2024 YR4 was discovered on Dec. 27, 2024 by the Chilean station of the Asteroid Terrestrial-impact Last Alert System (ATLAS). It was immediately recognized to be a near-Earth object (NEO). Additional telescope observations enabled astronomers to better calculate its orbit.

In January, the probability of this asteroid hitting Earth surpassed one per cent, which triggered a series of international responses. The International Asteroid Warning Network coordinates telescopes around the world to make further observations and narrow down uncertainties in its orbit.

An image of asteroid 2024 YR4 captured by one of the ATLAS telesopes.
(SOURCE)

On Feb. 18, NASA and the European Space Agency announced that the probability of asteroid 2024 YR4 hitting Earth in 2023 was 3.1 per cent, the highest ever recorded for an object of this size. This represents one in 32 odds. For comparison, the chance of dying in a motor vehicle crash in the United States is one per cent, or one in 95; the chances of the asteroid hitting Earth were pretty significant.

Thankfully, the most recent estimates of the probability of impact have gone down to near zero, based on improved calculations of its orbit.

We’re off the hook… for now.

Potential impact

Bruce Betts, chief planetary scientist at the Planetary Society, was quoted as saying: “If you put it over Paris or London or New York, you basically wipe out the whole city and some of the environs,” leading to asteroid 2024 YR4 being dubbed “a city-killer.”

The average impact velocity for an asteroid on Earth is a whopping 17 km per second — this is 25 times faster than an F-35 Lightning strike fighter.

To calculate the mass of an asteroid, we need to know its size. Estimates for 2024 YR4 range from 40 to 90 metres. If we take the upper estimate of 90 m, we can calculate the energy released at approximately nine megatons, the equivalent of the explosive energy of nine million tons of TNT. For comparison, the atomic bomb dropped on Hiroshima in Japan in 1945 was only 0.015 megatons.

The crater formed by this 90 m asteroid would be approximately 2.7 km in diameter. This is just over twice the diameter of the Meteor Crater.

The destruction doesn’t stop there, however. Research on nuclear weapons suggests that each megaton can destroy roughly 50 square kilometres, so this impact could destroy up to 450 square km around the crater through a fireball, supersonic ejecta and seismic shaking.

Would this be a city killer as some reports suggested? Absolutely. With an urban area of 232 square kilometres, my hometown of London, Ont., with a population of around 420,000 would be totally destroyed.

Read more:
Asteroid has a very small chance of hitting Earth in 2032, but a collision could devastate a city

Actual risks

The good news is that we estimate that the impact of a 90 m diameter asteroid will occur once in every 10,000 years. For a 40 m size asteroid, this drops to once every 1,000 years — but the destructive effects are drastically reduced. It’s worth pointing out that these numbers are very approximate, and they don’t really help us figure out when the next one might happen.

As the story around asteroid 2024 YR4 shows, there is more good news in that we are getting better at detecting asteroids. Thanks to the coordination of the United Nations Office for Outer Space Affairs, many space agencies around the world are collaborating, with the knowledge that this is a problem for our entire planet.

If the calculations had continued to show that the chance of asteroid 2024 YR4 hitting Earth in 2032 was high, with enough time, an attempt to deflect the asteroid could have been attempted. In September 2022, NASA’s DART spacecraft provided the first demonstration that deflecting an asteroid from its path is possible, something that had been imagined in Hollywood movies, but not proven to be possible until then.

Gordon Osinski receives funding from the Natural Sciences and Engineering Research Council of Canada and the Canadian Space Agency.

– ref. What are the chances an asteroid will impact Earth in 2032? – https://theconversation.com/what-are-the-chances-an-asteroid-will-impact-earth-in-2032-250463

MIL OSI – Global Reports –

February 28, 2025
MIL-OSI USA: Murkowski Cosponsors Bill to Grant Ukrainians Already in the U.S. Temporary Guest Status

US Senate News:

Source: United States Senator for Alaska Lisa Murkowski
02.27.25
Washington, DC – Following the third anniversary of Russia’s catastrophic invasion of Ukraine, U.S. Senator Lisa Murkowski (R-AK) announced that she has joined U.S. Senate Democratic Whip Dick Durbin (D-IL) as a cosponsor of his Protecting Our Guests During Hostilities in Ukraine Act, which would provide temporary guest status to Ukrainians and their immediate family members who are already in the United States through the “Uniting for Ukraine” parole process. The bill allows Ukrainians to stay and work in the U.S. until the Secretary of State determines that hostilities in Ukraine have ceased and it is safe for them to return. In addition to Murkowski, U.S. Senators Tammy Duckworth (D-IL), Richard Blumenthal (D-CT), Jacky Rosen (D-NV), Chris Van Hollen (D-MD), Peter Welch (D-VT), Amy Klobuchar (D-MN), Michael Bennet (D-CO), Alex Padilla (D-CA), and Sheldon Whitehouse (D-RI) are cosponsors of the legislation.
“I have had the opportunity to visit with many Ukrainians who fled Russia’s unprovoked war who have found safety and community in Alaska. These families—and the Alaskans and Alaskan businesses who have supported and employed them—have expressed their strong desire to remain and work here,” said Murkowski. “Granting temporary guest status for Ukrainians already in the United States achieves this goal. As the war enters its fourth year, we must continue to provide the Ukrainians who have taken refuge in the U.S. a safe haven to weather the storm.”
“Three years ago, Putin began his brutal, criminal, full-scale invasion of Ukraine—which remains on the frontlines of democracy and transatlantic security,” said Durbin. “When the war started, Americans across the country opened their hearts and communities to Ukrainians fleeing Russian aggression. Both Republicans and Democrats petitioned President Biden to protect them from deportation. I’m glad Senator Murkowski joined my legislation to ensure Ukrainians lawfully present in the U.S. have temporary guest status until conditions in Ukraine are safe for return. I hope others will follow her lead.”
The individuals covered by the bill already underwent rigorous vetting to ensure that they present no criminal or public safety risks. The legislation would also allow the Department of Homeland Security (DHS) to revoke this temporary status if new information raises such concerns about any individual. Bill text can be found here.
The following organizations endorsed the Protecting Our Guests During Hostilities in Ukraine Act: Refugee Council USA; Chin Association of Maryland; HIAS; World Relief; Center for Gender & Refugee Studies; Human Rights First; Church World Service; International Refugee Assistance Project; Global Refuge; Boat People SOS; Center for Victims of Torture; Jesuit Refugee Service; and Veterans for American Ideals.

MIL OSI USA News –

February 28, 2025
MIL-OSI Europe: Written question – Fight against arms trafficking, especially of assault rifles – E-000710/2025

Source: European Parliament

Question for written answer E-000710/2025
to the Commission
Rule 144
Nadine Morano (PPE)

On 5 February 2025, several masked men armed with Kalashnikov assault rifles opened fire in the Brussels metro, without hindrance.

These long guns come from Eastern European countries, mainly the Balkans, and are regularly used in drug trafficking, gang-related activity, prison escapes, organised crime and terrorism on European soil. Their use by delinquents and criminals is becoming more and more normal.

In France, Serbian assault rifles bought in Slovakia were notably used in both the Bataclan and Hypercacher attacks in 2015.

In light of this:

What specific actions will the Commission take to combat the trafficking of fire arms from the Balkans?

Submitted: 17.2.2025

Last updated: 27 February 2025

MIL OSI Europe News –

February 28, 2025
MIL-OSI Security: Harrisburg Man Sentenced To 160 Months In Prison For Drug Trafficking

Source: Office of United States Attorneys

HARRISBURG – The United States Attorney’s Office for the Middle District of Pennsylvania announced that Kyle Malik Jones, age 33, of Harrisburg, Pennsylvania, was sentenced on February 25, 2025, to 160 months’ imprisonment by United States District Court Judge Jennifer P. Wilson for the distribution of fentanyl and methamphetamine.

According to Acting United States Attorney John C. Gurganus, on March 17, 2021, Susquehanna Township Police found a stolen vehicle parked in hotel parking lot. When the vehicle’s alarm was triggered, Jones came out of his hotel room and silenced the alarm. The police went to Jones’s hotel room to arrest him for the vehicle theft and discovered the following: 731 grams of methamphetamine; 221 grams of fentanyl; cocaine; a Ruger .40 caliber pistol with an obliterated serial number; a Hi-Point .380 caliber firearm; approximately $7,635 in cash; one pack of 300 small rubber bands; one digital scale; and two cell phones.

Jones pleaded guilty on March 11, 2024, to possession with intent to distribute controlled substances.

This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities and measuring the results.

The case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives and the Susquehanna Township Police Department. Assistant U.S. Attorneys David C. Williams and Jeffrey St. John prosecuted the case.

# # #

MIL Security OSI –

February 28, 2025
MIL-OSI Security: Harrisburg Man Sentenced To 10 Months In Prison For Making False Statements to Federal Agents

Source: Office of United States Attorneys

HARRISBURG – The United States Attorney’s Office for the Middle District of Pennsylvania announced that Armond Youngblood, age 26, of Harrisburg, Pennsylvania, was sentenced by United States District Court Judge Jennifer P. Wilson to 10 months in prison on charges of making false statements to federal agents.

According to Acting United States Attorney John C. Gurganus, Bureau of Alcohol Tobacco Firearms and Explosives (ATF) agents interviewed Youngblood on May 13, 2021, regarding weapons he had purchased that had been recovered at crime scenes. During the interview, Youngblood claimed he purchased three guns, when in fact, he had purchased six guns.

The case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives. (ATF) and the Harrisburg Police Borough. Assistant U.S. Attorney Michael A. Consiglio prosecuted the case.

This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

This case was made possible by investigative leads generated from the ATF’s National Integrated Ballistic Information Network (NIBIN). NIBIN is the only national network that allows for the capture and comparison of ballistic evidence to aid in solving and preventing violent crimes involving firearms. NIBIN is a proven investigative and intelligence tool that can link firearms from multiple crime scenes, allowing law enforcement to quickly disrupt shooting cycles. For more information on NIBIN, visit https://www.atf.gov/firearms/national-integrated-ballistic-information-network-nibin.

# # #

MIL Security OSI –

February 28, 2025
MIL-OSI Security: Final Defendant Sentenced for Fentanyl Trafficking Conspiracy Resulting in Overdose Death

Source: Office of United States Attorneys

LONDON, Ky. – A Harlan, Ky., woman, Leslie Brock, 59, was sentenced on February 19, by U.S. District Judge Claria Horn Boom, to 250 months in prison, for conspiracy to distribute 400 grams or more of fentanyl which resulted in the death of another person.

According to evidence presented at trial and court documents, in January 2023 and continuing until October 2023, Brock conspired with her co-defendant, Brendan Miller, to knowingly distribute 400 grams or more of fentanyl that ultimately resulted in the death of a victim. Specifically, Brock made frequent trips to a source of supply in Lexington to purchase fentanyl and then distributed the fentanyl to individuals in Harlan County, including Miller. On one occasion, Brock purchased fentanyl in Lexington, returned to Harlan and sold a portion of it to Miller, who then distributed a portion of it to a victim, who died after taking it. Brock was convicted at trial in October 2024. Miller pled guilty to his role in the fentanyl trafficking conspiracy. A third defendant, Aaron Robinson, also pled guilty to possession with intent to distribute fentanyl and possession of a firearm in furtherance of that drug trafficking.

Under federal law, Brock must serve 85 percent of her prison sentence. Upon her release from prison, she will be under the supervision of the U.S. Probation Office for five years.

In addition to Brock’s punishment, Miller was sentenced to 132 months in prison, followed by three years of supervised release, and Robinson was sentenced to 63 months in prison, followed by four years of supervised release.

Paul McCaffrey, Acting United States Attorney for the Eastern District of Kentucky; Jim Scott, Special Agent in Charge, DEA, Louisville Field Division; Phillip J. Burnett, Jr., Commissioner of the Kentucky State Police; and Chief Cedric Anderson, Auburn Police Department, jointly announced the sentence.

The investigation was conducted by DEA, KSP, and the Auburn Police Department. Assistant U.S. Attorney Justin Blankenship prosecuted the case on behalf of the United States.

– END –

MIL Security OSI –

February 28, 2025

Event:	Morgan Stanley Energy & Power Conference
Date:	Tuesday, March 4^th, 2025

Event:	Morgan Stanley Technology, Media & Telecom Conference
Date:	Thursday, March 6^th, 2025

Event:	2025 Cantor Fitzgerald Global Technology Conference
Date:	Wednesday, March 12^th, 2025

Category: Natural Disasters

Source: Insurance Council of NZ

The next leap

Play closer attention to compounding risks

ABCD (Align Biodiversity, Climate Change and Desertification) of Comprehensive Risk Management

Blend tradition and innovation

Impact Earth

Millions of craters

Updated calculations

Potential impact

Actual risks