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Net income was down $9.3 million compared to the same period last year

This loss was partly attributed to the California wildfires earlier this year

The sale to Nationwide is part of a broader strategy to simplify operations and grow the business

However, the level remained unchanged from the previous month

Net proceeds will be spent on general corporate purposes

Students explored traditional utility operations and energy transition initiatives

Net proceeds are to repay an existing credit facility, and redeem other outstanding notes

The Coast Guard now requires cyber incidents at sea be reported when entering a US port

The firm’s chief executive, Vincent Tizzio, said the company delivered record profit in the quarter

Wildfires, severe convective storms and aviation events affected the firm’s financial results