United Pipe & Steel and Merfish Pipe & Supply to Combine | 3/4" Gi Pipe

HUNT: (Laughter) And, you know, meanwhile he’s become a kind of folk hero in the neighborhood of Hackney. Everyone knows about William Lyttle. Everyone – you know, he’s in the tabloids as the Mole Man of Hackney. And he’s doing interviews. And what fascinated me about William Lyttle is that he never could give an explanation for what compelled him to burrow. He would give these interviews to tabloid journalists. And they would say, like, what – you know, why are you doing this? And he would sort of shrug and say, I guess I’m just a man who likes to dig.

Not much will change for the Bucs with McCoy, who will return for his 10th straight season. He also will earn $13 million — which eats up nearly 18 percent of the money spent on the defense — even though his 2019 salary was not guaranteed.

● A $6.3 million increase related to increased consumption due to colder and warmer weather in 2018 compared with 2017, evidenced by a 16.4% increase in heating-degree days and 49.2% increase in cooling degree days between the years.

BISMARCK – The North Dakota Women’s Network is hosting WE Rise: Women Empowered, an event where North Dakotans can learn about the legislative process, March 3-4 in Bismarck.

Transmission Tariff ROE Complaints—On November 12, 2013 a group of industrial customers and other stakeholders filed a complaint with the FERC seeking to reduce the ROE component of the transmission rates that MISO transmission owners, including OTP, may collect under the MISO Tariff. The complainants sought to reduce the 12.38% ROE used in MISO’s transmission rates to a proposed 9.15%. The complaint established a 15-month refund period from November 12, 2013 to February 11, 2015. A non-binding decision by the presiding Administrative Law Judge (ALJ) was issued on December 22, 2015 finding that the MISO transmission owners’ ROE should be 10.32%, and the FERC issued an order on September 28, 2016 setting the base ROE at 10.32%. Several parties requested rehearing of the September 2016 order and the requests are pending FERC action.

On Sunday, January 27, 2019, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) announced the lifting of sanctions imposed on En+ Group plc (“En+”), UC Rusal plc (“Rusal”) and JSC EuroSibEnergo (“ESE”).  As previously reported here, this announcement follows the Administration’s notification submitted to Congress on December 19, 2018. According to a press release issued by OFAC, under the terms of the entities’ removal from the Specially Designated Nationals (“SDN”) list, “En+, Rusal and ESE have reduced [Russian oligarch] Oleg Deripaska’s direct and indirect shareholding stake in these companies and severed his control.  This action ensures that the majority of directors on the En+ and Rusal boards will be independent directors – including U.S. and European persons – who have no business, professional or family ties to Deripaska or any other SDN, and that independent U.S. persons vote a significant block of the shares of En+.”  OFAC also indicated that the companies have agreed to “unprecedented transparency” of their operations by U.S. Department of Treasury.  Meanwhile, all individual sanctions against Mr. Deripaska remain in place.

United Pipe & Steel (UPS) and Merfish Pipe & Supply Co. (MPS) announced they are combining under Merfish Pipe Holdings (MPH), an entity that is majority owned by One Equity Partners (OEP).

• Scheduled deliveries to jobsites or supply houses to wherever the distributor desires from our combined 17 distribution centers strategically located throughout the U.S.

Both Jordan Jenkins and Henry Anderson will be able to play the roles they thrived in in 2018 when each posted a career-high seven sacks.

7. Retained Earnings and Dividend Restriction The Company is a holding company with no significant operations of its own. The primary source of funds for payments of dividends to the Company’s shareholders is from dividends paid or distributions made by the Company’s subsidiaries. As a result of certain statutory limitations or regulatory or financing agreements, restrictions could occur on the amount of distributions allowed to be made by the Company’s subsidiaries. Both the Company and OTP credit agreements contain restrictions on the payment of cash dividends upon a default or event of default. An event of default would be considered to have occurred if the Company did not meet certain financial covenants. As of December 31, 2018, the Company was in compliance with these financial covenants. Under the Federal Power Act, a public utility may not pay dividends from any funds properly included in a capital account. What constitutes ‘funds properly included in a capital account’ is undefined in the Federal Power Act or the related regulations; however, the FERC has consistently interpreted the provision to allow dividends to be paid as long as (1) the source of the dividends is clearly disclosed, (2) the dividend is not excessive and (3) there is no self-dealing on the part of corporate officials. The MPUC indirectly limits the amount of dividends OTP can pay to the Company by requiring an equity-to-total-capitalization ratio between 47.9% and 58.5% based on OTP’s 2018 capital structure petition effective by order of the MPUC on October 18, 2018. As of December 31, 2018, OTP’s equity-to-total-capitalization ratio including short-term debt was 53.2% and its net assets restricted from distribution totaled approximately $477 million. Total capitalization for OTP cannot currently exceed $1.2 billion.

The table shown features the ratings and recommendations for AK Steel Holding Corporation and ZK International Group Co. Ltd.

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