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News Breaks | | | | October 5, 2012 | | 08:36 EDT |  | EAC, SRE | Ericson Air-Crane purchases Sun Bird aircraft from Sempra Energy unit
Erickson Air-Crane Incorporated (EAC) announced its purchase of the Sun Bird Aircraft and associated spare parts inventory and accessories from San Diego Gas & Electric Company, a subsidiary of Sempra Energy (SRE). The Sun Bird is an Erickson model S-64F Aircrane that was originally purchased by SDG&E from Erickson Air-Crane in 2009. The Sun Bird will be added to Erickson’s existing fleet of aircraft and will allow the Company to meet the growing demand for heavy-lift aerial services in the oil-and-gas and powerline construction sectors. | |
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News For EAC;SRE From The Last 14 Days Check below for free stories on EAC;SRE the last two weeks. |
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| May 21, 2013 | | 08:20 EDT |  | SRE | Senate Energy & Natural Resources Committee to hold a forum
The Committee holds a forum entitled, "Domestic Supply & Exports" which will examine estimates of domestic supply and the potential benefits or unintended consequences caused by expansion of natural gas exports. Participants include VP Vidas of ICF International (ICFI), SVP Simoes of Sempra Energy (SRE), VP Outtrim of Cheniere Energy (LNG) at the forum being held on May 21 at 10 am. Webcast Link | | | May 20, 2013 | | 16:14 EDT | | EAC | Cetus Capital II reports 8.3% passive stake in Erickson Air-Crane
 Subscribe for More Information | | | May 19, 2013 | | 12:18 EDT | | EAC | Erickson Air-Crane announces purchase of five aircraft
Subscribe for More Information | | | May 17, 2013 | | 10:13 EDT | | SRE | Sempra Energy to host analyst meeting
Analyst meeting to be held in New York on May 23 at 1 pm. Webcast Link | | | 10:07 EDT |  | EAC | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 08:51 EDT | | EAC | Erickson Air-Crane initiated with an In-Line at Imperial Capital
Target $30. | | | May 16, 2013 | | 16:18 EDT | | SRE | Sempra in tolling capacity JV with GDF SUEZ, Mitsubishi, Mitsui
Sempra Energy, Mitsubishi Corporation and Mitsui,announced that they have signed 20-year tolling capacity and joint-venture agreements to support the development, financing and construction of a liquefied natural gas, LNG, export facility at the site of the Cameron LNG receipt terminal in Hackberry, La. The anticipated incremental investment, the majority of which will be project-financed, is estimated to be approximately $6B to $7B, excluding capitalized interest and other financing costs. The total cost of the facility, including the cost of the existing facilities plus interest during construction, financing costs and required reserves, is estimated to be approximately $9B to $10B.Construction is expected to start in 2014 with the first phase of liquefaction operations to commence in the second half of 2017. Full commercial operation of all three trains is expected in 2018. | | | May 9, 2013 | | 16:10 EDT |  | EAC | Erickson Air-Crane sees FY13 pro forma revenue $385M-$395M
May not compare to consensus $188.73M. Erickson provided FY13 guidance for revenues and Adjusted EBITDA that reflects a reiteration of the company’s previously communicated expectations for its base business and the inclusion of expected results for the acquired EHI business. The company now expects to report FY13 revenues in the range of $325M-$335M, and adjusted EBITDA $93M-$101M. On a pro forma basis, as if the acquisition and associated financing had occurred on January 1, the company expects full year revenues in the range of $385M-$395M and adjusted EBITDA $108M-$116M. | | | 16:07 EDT | | EAC | Erickson Air-Crane reports Q1 adjusted EPS 1c, consensus (13c)
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