Infrastructure Investment
PECO Boosts Delaware County's Electric Infrastructure
The Facts - PECO will undertake 78 electric reliability projects across Delaware County in 2024 as part of infrastructure investments. PECO's multimillion-dollar investment includes enhancements to electric and natural gas systems, new equipment, and vegetation management. Infrastructure upgrades have led to the lowest power outage rate in PECO's history, with quick power restoration times. PECO's […]
AFL-CIO President Comments on Alabama UAW Mercedes-Benz Vote
The Facts - AFL-CIO President Liz Shuler supports Mercedes-Benz workers' unionization vote for UAW in Tuscaloosa. Despite claims of neutrality, Mercedes propagated lies and threats, and even fired their U.S. CEO to dissuade unionization. The labor movement is investing resources to support new organizing and infrastructure in the South, promising to stand with Mercedes workers. […]
PA American Water Unveils $28.3M Water Storage Upgrade Plan for 2024
The Facts - Pennsylvania American Water plans to rehabilitate 10 water tanks and build four new ones in 2024. The total cost for this year's water storage upgrades is approximately $28.3 million. The company is the largest regulated water utility in Pennsylvania, serving around 2.3 million people. Pennsylvania American Water Unveils 2024 Tank Infrastructure Investment […]
Essential Utilities Pledges to Infrastructure Investment Plan
The Facts - Essential Utilities announced a $1 billion capital improvement program to modernize infrastructure. The company will invest approximately $1.4 billion annually through 2028. $450 million will be used for PFAS research and remediation solutions. Bryn Mawr's Essential Utilities Announces $1 Billion Capital Improvement Program Essential Utilities, a water, wastewater and natural gas services […]
Downsized Local News Accelerates Infrastructure Decline
The Facts - A UCLA and Duke University study found detailed local journalism about infrastructure increases voter support for additional infrastructure investment. Undetailed reporting, such as from understaffed newsrooms or AI-generated stories, resulted in lower support for infrastructure spending. Voters are more willing to hold local politicians accountable for infrastructure neglect when provided with specific […]
Biden Admin updates on infrastructure investments
The Facts - President Biden's administration has announced 56,000 infrastructure projects and awards. A new program, Safe Streets and Roads For All, aims to reduce reckless driving in local municipalities. A $40,000,000 federal grant has been touted to redevelop Milwaukee's 6th Street and National Avenue Interchange. President Biden's Infrastructure Initiatives: Addressing the Nation's Needs President […]
Intl Assets Investment Mgmt LLC Acquires HASI New Holdings
The Facts - International Assets Investment Management LLC acquired 101,908 shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. worth around $2,811,000. Hannon Armstrong Sustainable Infrastructure Capital declared a quarterly dividend of $0.415 per share, representing a $1.66 annualized dividend and a yield of 5.17%. The company's shares opened at $32.10, with a 1-year low of […]
Microsoft's $3.3B Investment in Wisconsin for Cloud, AI Infrastructures
The Facts - Microsoft plans to invest $3.3 billion in AI infrastructure and skilling initiatives in Southeast Wisconsin, aiming to make it a hub for AI-powered economic activity. The investment includes building a state-of-the-art data center, launching a manufacturing-focused AI co-innovation lab, and partnering with local institutions for AI skilling initiatives. Microsoft will also invest […]
Microsoft invests $3.3bn to boost AI infrastructure
The Facts - Microsoft is investing $3.3 billion in Wisconsin to enhance AI and cloud infrastructure and establish AI co-innovation lab. CEO Satya Nadella emphasized Microsoft's commitment to democratizing AI to spur economic growth worldwide. Vice Chair and President Brad Smith stated that the investment will focus on advanced AI, training programs and will impact […]
Biden advisor promotes infrastructure at Upstate homecoming
The Facts - Tom Perez, White House director of intergovernmental affairs, toured projects funded by the federal infrastructure law in Syracuse and Buffalo. Local leaders claim projects such as the I-81 viaduct and Kensington Expressway have contributed to racial inequity and poverty in their communities. Perez emphasized equity and listening to communities, promising a fair […]
