Latest news with #Willdan
Yahoo
09-06-2025
- Business
- Yahoo
Miami utility rates to go up
MIAMI, Okla. — Utility rates in northeast Oklahoma are going up, along with other utilities in the rest of the Four State area. The Grand River Dam Authority says it continues to experience increasing costs to produce electric power. That's what has prompted the Miami Special Utility Authority to increase electric utility rates. This is the first hike in Miami's electric utility rates since 2021. GRDA implemented an 11 percent increase to its municipal customers, and will add another 4.1 percent increase in 2025 and 2026. 'We want our electric utility customers to have information and clarity about why this rate increase is necessary for the utility's operations and the needs of this community.' Tyler Cline, Miami City Manager Consultant Dan Jackson, Willdan Vice President of Financial Services, addressed city leaders and held a Town Hall meeting in May to discuss the problem. Jackson cited factors driving the need for the new electric rate plan: inflation, the implementation of a GRDA increase, and plans to issue debt for needed capital improvements. Miami utility customers currently pay $126.79 per 1,000 kilowatt hours. Willdan's study compared the city's electric rates with 18 other area municipalities and found that with the new rate increase and base charge, the new electric rates in Miami's service area are still comparable or better. Willdan recommended an increase of 12 percent across the board starting in June 2025 and 5 percent starting in July 2026 and July 2027. The three-year rate plan means a residential customer using 1,000 kWh would see a monthly increase of $9.96 starting June 2025. The City of Miami plans to issue $28,500,000 in debt to fund important capital improvements. These include Advanced Metering Infrastructure for electric, upgrades to Substation Three, pole change-outs at Feeder 31 and the turnpike crossing, upgrades to Feeder 23, a build-out of Substation 4, possible generation and solar farm projects, and automated switches for industrial customers. 'These capital improvement projects are vital to providing reliable and better service to our electric utility customers, 'Cline said, 'These projects help us keep the electric infrastructure up to date and stay competitive in recruiting new businesses.' MSUA Customer Service representatives are available to help customers calculate their billing with the increased rate or answer questions. They can be reached at 918-542-6685. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Wire
06-05-2025
- Business
- Business Wire
Willdan Expands and Extends Bank Credit Facilities
ANAHEIM, Calif.--(BUSINESS WIRE)--Willdan Group, Inc. (NASDAQ: WLDN) announced today that it has completed an amendment of its existing credit facilities to expand the available borrowing capacity and extend the term of the agreement. The amended agreement increases potential borrowing from $150 million to $200 million and restructures the facilities to provide for a $100 million revolver, a $50 million term loan, and a $50 million delayed-draw term loan. The amended agreement extends the maturity date by five years to May 2030 and reduces the interest rate spread over the Secured Overnight Financing Rate (SOFR). A $75 million accordion feature remains in the agreement. 'This restructured credit facility gives us greater flexibility and control in managing our debt and leverage levels while providing additional capacity to support our investments in growth,' said Mike Bieber, Willdan's CEO. 'We thank our banking partners for their commitments and ongoing support. The five-member loan syndicate responsible for this amendment is led by BMO, as administrative agent, and includes joint lead arrangers Bank of America and JP Morgan.' About Willdan Willdan is a nationwide provider of professional, technical, and consulting services to utilities, government agencies, and private industry. Willdan's service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, energy policy planning and advisory, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at or follow Willdan on LinkedIn and Facebook. Forward-Looking Statements Statements in this press release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that Willdan's actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed from time to time in Willdan's reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended December 27, 2024. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.
Business Wire
02-05-2025
- Business
- Business Wire
Willdan Releases 2024 Sustainability Report
ANAHEIM, Calif.--(BUSINESS WIRE)--Willdan Group, Inc. (NASDAQ: WLDN) announced today the release of its 2024 Corporate Sustainability Report, outlining progress across key environmental, social, and governance (ESG) initiatives and introducing new goals to drive long-term impact. The report is grounded in a double materiality assessment aligned with global standards, and it provides a clear foundation to prioritize efforts that create value for the company and its stakeholders. 'Most of Willdan's work for clients directly or indirectly improves sustainability,' said Mike Bieber, Willdan's President and CEO. 'We recently received ISO 14001 certification for our corporate office, and we plan to extend this standard to other locations. Our strengthened ESG framework positions Willdan to help clients and communities build long-term resilience.' For more details, view Willdan's 2024 Sustainability Report. About Willdan Willdan is a nationwide provider of professional, technical, and consulting services to utilities, government agencies, and private industry. Willdan's service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, energy policy planning and advice, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at or follow Willdan on LinkedIn and Facebook. Forward-Looking Statements Statements in this press release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. It is important to note that Willdan's actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed from time to time in Willdan's reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended December 27, 2024. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.
Yahoo
15-04-2025
- Business
- Yahoo
Willdan Announces Date of First Quarter 2025 Earnings Release and Conference Call
ANAHEIM, Calif., April 15, 2025--(BUSINESS WIRE)--Willdan Group, Inc. ("Willdan") (Nasdaq: WLDN), today announced that it will release its financial results for the first quarter 2025 after the close of the stock market on Thursday, May 8, 2025. Following the release, Willdan will host its investor conference call at 5:30 p.m. EST / 2:30 p.m. PST. An online, real-time audio webcast of the quarterly investor conference call will be available on Willdan's website at: Willdan Group Q1 2025 Investor Conference Call alternatively, listeners may access the call by dialing 877-407-2988 (or 201-389-0923) at least five minutes prior to the 5:30 p.m. EDT / 2:30 p.m. PDT start time. An online replay of earnings webcast will be available a few hours after the completion of the call at About Willdan Willdan is a nationwide provider of professional, technical, and consulting services to utilities, government agencies, and private industry. Willdan's service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, energy policy planning and advisory, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at Follow Willdan on LinkedIn and Facebook. View source version on Contacts Al Kaschalk / (310) 922-5643akaschalk@ Sign in to access your portfolio
Yahoo
15-04-2025
- Business
- Yahoo
Willdan Announces Date of First Quarter 2025 Earnings Release and Conference Call
ANAHEIM, Calif., April 15, 2025--(BUSINESS WIRE)--Willdan Group, Inc. ("Willdan") (Nasdaq: WLDN), today announced that it will release its financial results for the first quarter 2025 after the close of the stock market on Thursday, May 8, 2025. Following the release, Willdan will host its investor conference call at 5:30 p.m. EST / 2:30 p.m. PST. An online, real-time audio webcast of the quarterly investor conference call will be available on Willdan's website at: Willdan Group Q1 2025 Investor Conference Call alternatively, listeners may access the call by dialing 877-407-2988 (or 201-389-0923) at least five minutes prior to the 5:30 p.m. EDT / 2:30 p.m. PDT start time. An online replay of earnings webcast will be available a few hours after the completion of the call at About Willdan Willdan is a nationwide provider of professional, technical, and consulting services to utilities, government agencies, and private industry. Willdan's service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, energy policy planning and advisory, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at Follow Willdan on LinkedIn and Facebook. View source version on Contacts Al Kaschalk / (310) 922-5643akaschalk@ Sign in to access your portfolio
