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Stock impact report

Exceleron and PayGo Announce Merger [Yahoo! Finance]

Avista Corporation (AVA) 
Last avista corporation earnings: 2/26 07:05 am Check Earnings Report
Company Research Source: Yahoo! Finance
DALLAS May 21, 2024 /PRNewswire/ -- Exceleron Software and PayGo Utilities today announced they have merged their business operations and formed Empower Grid Holdings ("EGH") with financial backing from Moore Strategic Ventures, Bahman Hoveida's Accurant International LLC, and Avista Development, Inc., a wholly owned, non-regulated subsidiary of Avista Corp. With the combination of Exceleron's dominant presence in the municipal power market and PayGo's leadership position serving large investor-owned and public power utilities, Empower Grid Holdings' scale and experience will better serve the growing affordability needs of utilities and their customers as part of the Energy Transition. Both companies are active in international markets, including Exceleron's existing team and pipeline in the rapidly evolving Indian prepay market. The companies will continue to market under their respective brands. Exceleron CEO and Founder, Bob Crenshaw , will serve as Executive Chair & Co-CEO with Show less Read more
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