TimkenSteel Corporation (TMST)’s Financial Results Comparing With Ternium S.A. (NYSE:TX) | Sch 40 Steel Pipe

This table compares Ternium and China Precision Steel’s net margins, return on equity and return on assets.

General Rates—On November 2, 2017 OTP filed a request with the NDPSC for a rate review and an effective increase in annual revenues from non-fuel base rates of $13.1 million or 8.72%. The requested $13.1 million increase was net of reductions in North Dakota RRA, TCR and ECR rider revenues that would have resulted from a lower allowed rate of return on equity and changes in allocation factors in the general rate case. In the request, OTP proposed an allowed return on rate base of 7.97% and an allowed rate of return on equity of 10.3%. On December 20, 2017 the NDPSC approved OTP’s request for interim rates to increase annual revenue collections by $12.8 million, effective January 1, 2018. In response to the reduction in the federal corporate tax rate under the TCJA, the NDPSC issued an order on February 27, 2018 reducing OTP’s annual revenue requirement for interim rates by $4.5 million to $8.3 million, effective March 1, 2018.

Thus, by 2020, the Group targets to achieve additional gross savings of at least €200 million on top of the €445 million already delivered at the end of 2018.

On May 25, 2016 the MPUC adopted the MNDOC’s proposed changes to the MNCIP financial incentive. The model provides utilities an incentive of 13.5% of 2017 net benefits, 12% of 2018 net benefits and 10% of 2019 net benefits, assuming the utility achieves 1.7% savings compared to retail sales. The financial incentive is also limited to 40% of 2017 MNCIP spending, 35% of 2018 spending and 30% of 2019 spending. The new model reduces the MNCIP financial incentive by approximately 50% compared to the previous incentive mechanism.

For more information about this report visit https://www.researchandmarkets.com/research/vhllg7/industrial_tubes?w=12

On October 29, 2012 we entered into a Third Amended and Restated Credit Agreement (the OTC Credit Agreement), which is an unsecured $130 million revolving credit facility that may be increased to $250 million on the terms and subject to the conditions described in the OTC Credit Agreement. On October 31, 2018 the OTC Credit Agreement was amended to extend its expiration date by one year from October 31, 2022 to October 31, 2023. We can draw on this credit facility to refinance certain indebtedness and support our operations and the operations of certain of our subsidiaries. Borrowings under the OTC Credit Agreement bear interest at LIBOR plus 1.50%, subject to adjustment based on our senior unsecured credit ratings or the issuer rating if a rating is not provided for the senior unsecured credit. We are required to pay commitment fees based on the average daily unused amount available to be drawn under the revolving credit facility. The OTC Credit Agreement contains a number of restrictions on us and the businesses of our wholly owned subsidiary, Varistar Corporation and its subsidiaries, including restrictions on our and their ability to merge, sell assets, make investments, create or incur liens on assets, guarantee the obligations of certain other parties and engage in transactions with related parties. The OTC Credit Agreement also contains affirmative covenants and events of default, and financial covenants as described below under the heading ‘Financial Covenants.’ The OTC Credit Agreement does not include provisions for the termination of the agreement or the acceleration of repayment of amounts outstanding due to changes in our credit ratings. Our obligations under the OTC Credit Agreement are guaranteed by certain of our subsidiaries. Outstanding letters of credit issued by us under the OTC Credit Agreement can reduce the amount available for borrowing under the line by up to $40 million.

Today much of the facility beyond the central administration block resembles the set for a post-apocalyptic action film. The blast furnace, conveyor belts and giant cranes to move materials—many inscribed with the words “Made in USSR”—stand idle in scrubby fields. Pipes as wide as manhole covers are coated in creeping grass, and cattle graze in clearings meant to store coal for the furnace.

Evans said that some issues are related to the age of the fleet. The average age of route buses in Columbus is 9 years-old. Buses average 12 years of service, according to Evans.

Either way, you can’t go wrong road tripping in a Tesla. It’s such a more enjoyable and less expensive way to travel. The myth is Supercharging adds tons of time to your trip. Not true. Most of your stops are 20–40 minutes and you are doing stuff you would be doing anyway, like eating, restroom stops, or catching up on work. Be assured that buying a Tesla will be the best car-buying decision you’ve ever made. It certainly has been for me.

Sam Briger and Seth Kelley produced and edited this interview for broadcast. Bridget Bentz, Molly Seavy-Nesper and Meghan Sullivan adapted it for the Web.

On March 31, 2016 OTP filed its annual update to the ECR rider requesting a reduction in the rate from 9.193% to 7.904% of base rates, or a revenue requirement reduction from $12.2 million to $10.4 million, effective July 1, 2016. The rate reduction request was primarily due to the Company’s 2015 bonus depreciation election for income taxes, which reduces revenue requirements. The filing was approved on June 22, 2016.

The APAC region is expected to generate two-thirds of the global petrochemical products demand over the next decade. Robust coal-to-gas switch policies across China and India are expected to boost the demand for natural gas. APAC’s natural gas demand is expected to increase by 60% by 2030 to reach 337 million tons per year. This scenario in the region is favorable for the growth of the industrial tubes market during the forecast period.