Cedar Fair LP
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Consumer Discretionary : Hotels, Restaurants & Leisure | Small Cap Value
Company profile

Cedar Fair, L.P. is an operator of regional amusement parks. The Company operates within a segment of amusement/water parks with accompanying resort facilities. As of December 31, 2016, the Company owned approximately 11 amusement parks, two separately gated outdoor water parks, one indoor water park and five hotels. The amusement parks include Cedar Point, located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm, near Los Angeles, California; Canada's Wonderland, near Toronto, Canada; Kings Island, near Cincinnati, Ohio; Carowinds, in Charlotte, North Carolina; Dorney Park & Wildwater Kingdom (Dorney Park), in Allentown, Pennsylvania; Kings Dominion, near Richmond, Virginia; California's Great America, in Santa Clara, California; Valleyfair, near Minneapolis/St. Paul, Minnesota; Worlds of Fun, in Kansas City, Missouri, and Michigan's Adventure, in Muskegon, Michigan. It manages and operates Gilroy Gardens Family Theme Park in Gilroy, California.

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BHE Compression Services Offers Industry-Leading Sustainable Natural Gas Compression

9:00 am ET August 1, 2020 (BusinessWire) Print

BHE Compression Services, a newly formed Berkshire Hathaway Energy business, will offer natural gas compression services focused on large horsepower with the patent pending technology known as CleanMachine(TM). CleanMachine(TM) technology was developed to eliminate or capture raw methane emissions and minimize combustion emissions. The technology ensures the company's fleet has the lowest total compressor package emissions, with targeted methane intensity rates of less than 0.2%. With this performance, BHE Compression Services will become the industry leader in responsibly sourced natural gas compression services.

Industry veterans Michael Robbins and Peter Strezo, co-founders of TCB Energy Services, will serve in key leadership roles at BHE Compression Services and will work at the company's headquarters in Houston, Texas. "We are excited to partner with Berkshire Hathaway Energy to build a new, environmentally sustainable compression company," said Robbins, president and CEO of BHE Compression Services. "The company's long-term focus of investing profits back into its people and businesses creates a unique opportunity to build lasting strategies, culture and relationships well into the future."

"It is an exciting time for BHE Compression Services, and we are committed to building a business that is focused on customer service, employee commitment, environmental respect, regulatory integrity, operational excellence and financial strength," said Strezo, vice president, technology and environmental. "Being part of Berkshire Hathaway Energy expands access to knowledge, resources, suppliers and strategic partners in the areas of methane emissions reduction technologies, engineering expertise in the energy industry, cybersecurity, and pipeline operations and maintenance."

Berkshire Hathaway Energy's formation of the new company and investment in CleanMachine(TM) technology are a natural continuation of the company's commitment to using natural resources wisely and to reducing emissions at their source. The technology will be an important asset for BHE Pipeline Group, a Berkshire Hathaway Energy business that owns and operates the largest interstate natural gas pipeline system in the U.S.

"I am excited to collaborate with Mike and Pete on the launch of BHE Compression Services at a time when the industry places paramount importance not only on safe and reliable service, but also on environmentally sustainable business practices," said Mark Hewett, president and CEO of BHE Pipeline Group. BHE Pipeline Group is an industry leader in methane emissions reduction programs as one of the first 14 members of ONE Future, a founding partner in the U.S. Environmental Protection Agency's Natural Gas STAR methane challenge program and a partner in the EPA's Natural Gas STAR program since 1994.

About Berkshire Hathaway Energy

From its roots in renewable energy, Berkshire Hathaway Energy has grown to a $100.8 billion portfolio of locally managed businesses that share a vision of being the best energy company in serving its customers, while delivering sustainable energy solutions. These businesses deliver low-cost, safe and reliable service each day to more than 12 million electric and natural gas customers and end-users around the world. Berkshire Hathaway Energy's employees pride themselves in putting customers first in all they do, and as a result, its businesses consistently rank high among energy companies in customer satisfaction. Berkshire Hathaway Energy is headquartered in Des Moines, Iowa, U.S.A.

For more information, please visit www.brkenergy.com.

For more information on BHE Compression Services, visit www.BHECompressionServices.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200801005008/en/

SOURCE: Berkshire Hathaway Energy

Berkshire Hathaway Energy
Media Hotline: 515-242-3022
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