108 unchanged sentences
Our T&D segment competes with a number of companies in the local markets where we operate, ranging from small local independent companies, to medium size regional firms, to large national competitors.
−Removed: There are a number of barriers to entry into the transmission and distribution markets, including the cost of equipment and tooling necessary to perform transmission work, availability of qualified labor, scope of typical transmission projects and technical, managerial and supervisory skills necessary to complete the job.
−Removed: Larger transmission projects generally require specialized heavy duty equipment as well as strong financial resources to meet the cash flow, bonding or letter of credit requirements of these projects.
+Added: There are a number of barriers to entry into the T&D markets, including the cost of equipment and tooling necessary to perform T&D work, availability of qualified labor, scope of typical T&D projects and technical, managerial and supervisory skills necessary to complete the job.
+Added: Larger T&D projects generally require specialized heavy duty equipment as well as strong financial resources to meet the cash flow, bonding or letter of credit requirements of these projects.
These factors sometimes reduce the number of potential competitors on these projects.
−Removed: The number of firms that generally compete for any one significant transmission infrastructure project varies greatly depending on a number of factors, including the size of the project, its location and the bidder qualification requirements imposed upon contractors by the customer.
+Added: The number of firms that generally compete for any one significant T&D infrastructure project varies greatly depending on a number of factors, including the size of the project, its location and the bidder qualification requirements imposed upon contractors by the customer.
+Added: Additionally, our ability to compete in our T&D markets is aided by our capacity to scale and flex for our customer's need.
Some of our competitors restrict their operations to one geographic area while others operate nationally and internationally.
1 unchanged sentence
C&I Competition
−Removed: Our C&I segment predominately competes with a number of regional or local firms and with subsidiaries of national firms.
−Removed: There are few significant barriers to entry in the C&I markets, and there are a number of small companies that compete for C&I business.
+Added: Our C&I segment predominately competes with a number of companies in the local markets where we operate, ranging from small local independent companies, to medium size regional firms, to large national competitors.
The size, location and technical requirements of the project will impact which competitors we will encounter when bidding on any particular project.
3 unchanged sentences
We differentiate ourselves from our competitors by bidding for larger and more technically complex projects, which we believe many of our smaller competitors may not be capable of executing effectively.
−Removed: We believe that we have a favorable competitive position in the markets that we serve, due in part to our operating history, local market share, our reputation and our relationships with our customers.
+Added: We believe that we have a favorable competitive position in the C&I markets that we serve, due in part to our operating history, local market share, our reputation, our relationships with our customers and our financial strengths.
Project Bonding Requirements and Parent Guarantees
100 unchanged sentences
We believe that we are in substantial compliance with environmental laws and regulations and that any obligations related to environmental matters should not have a material effect on our financial condition, results of operations or cash flows.
−Removed: Additionally, there are significant environmental regulations under consideration to encourage the use of clean energy technologies and regulate emissions of greenhouse gases to address climate change.
−Removed: We regularly monitor the various proposals in this regard.
−Removed: Although the impact of climate change regulations on our business will depend on the specifics of governmental policies, legislation, and regulation, we believe that we are well-positioned to adapt our business to meet new regulations.
+Added: Additionally, there are significant existing and proposed environmental regulations in the jurisdictions where we do business that are designed to encourage the use of clean energy technologies and regulate emissions of greenhouse gases to address climate change.
+Added: We regularly monitor the various proposals and changes to laws in this regard.
+Added: Although the impact of climate change regulations on our business will ultimately depend on the specifics of governmental policies, legislation, and regulation, we believe that we are well-positioned to adapt our business to meet new regulations.
Furthermore, we perform a significant amount of services for customers that operate electrical power infrastructure assets in locations and climates that are more susceptible to wildfires or other natural disasters.
14 unchanged sentences
health and safety;
−Removed: inclusion, diversity, and equality;
employee recruitment, training and development;
and compensation and benefits programs.
−Removed: We seek to attract and retain highly qualified craft employees by providing a superior work environment through our emphasis on safety, competitive compensation, and a high-quality fleet of equipment.
+Added: We seek to attract and retain highly qualified craft employees by providing a superior work environment through our emphasis on safety, competitive compensation, and our high-quality fleet of equipment.
The number of individuals we employ varies significantly throughout the year, including the number of craft employees fluctuates depending on the number and size of projects at any particular time.
7 unchanged sentences
Huntington 49 Senior Vice President and Chief Financial Officer
−Removed: Cooper 59 Senior Vice President, Chief Operating Officer T&D
+Added: Stern 55 Senior Vice President, Chief Operating Officer T&D
Egan 54 Senior Vice President, Chief Operating Officer C&I
−Removed: Fry 49 Vice President, Chief Legal Officer and Secretary
+Added: Fry 50 Senior Vice President, Chief Legal Officer and Secretary
Swartz was appointed president and chief executive officer in January 2017 and has served as a member of our Board of Directors since April 2019.
11 unchanged sentences
Prior to OneAmerica Financial Partners, Ms.
−Removed: Huntington worked for Indianapolis Power & Light Company, an electrical utility and subsidiary of The AES Corporation, serving as president and chief executive officers from 2013 to 2015, as senior vice president and chief financial officer from 2011 to 2013 and various other from since 2003.
−Removed: Huntington also currently serves on the Board of Directors of Capital Power.
−Removed: Cooper was appointed senior vice president and chief operating officer of our T&D segment in January 2017.
−Removed: Prior to his current role, he served as senior vice president of MYR Group from August 2013 to December 2016.
−Removed: Cooper served as group vice president, east of MYR Group from 2009 to 2013 and vice president T&D, east of MYR Group from 2006 to 2009.
−Removed: Cooper has held a number of additional positions since joining us in 1989, including business development manager, regional manager, district manager, and estimator.
+Added: Huntington worked for Indianapolis Power & Light Company, an electrical utility and subsidiary of The AES Corporation, serving as president and chief executive officers from 2013 to 2015, as senior vice president and chief financial officer from 2011 to 2013 and in various other leadership positions from 2003 to 2011.
+Added: Huntington also currently serves on the board of directors of Capital Power Corporation.
+Added: Stern was appointed senior vice president and chief operating officer of our T&D segment in March 2024.
+Added: Prior to his current role, he served as group vice president and a member of the company’s executive leadership team since 2017.
+Added: Stern has held a number of additional positions at the Company from 2010 to 2017, including regional vice president and district manager.
+Added: Prior to joining us, Mr.
+Added: Stern served as director of financial analysis at a leading T&D competitor from 2006 to 2010.
+Added: Stern served as our market analyst from 2001 to 2006.
Egan was appointed to serve as senior vice president and chief operating officer of our C&I segment in May 2023.
2 unchanged sentences
Egan has held a number of additional positions since joining the Company in 1991, including regional vice president, vice president, district manager, operations manager, and project manager.
−Removed: Fry joined us as vice president, chief legal officer and secretary in January 2019.
+Added: Fry joined us as vice president, chief legal officer and secretary in January 2019 and became senior vice president, chief legal officer and secretary in March 2024.
Prior to joining us, Mr.
8 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.