"I question the reasons for issuing a temporary certificate for any period shorter than the whole of winter," Danly said, noting, "It was the deficiency of our order, not any action of Spire's, that has put us where we are." 12, "not even halfway through the winter season." Last night’s order is a good first step in doing that," Spire spokesperson Jason Merrill told Reuters.īut Merrill said Spire will keep working with all parties, including FERC, because "This authorization does not get us through what can be some of winter’s coldest months."įERC Commissioner James Danly dissented on the order for several procedural reasons and also noted that the temporary certificate will end Dec.
SPIRE ENERGY FULL
Louis region while allowing FERC more time to review the full certificate on remand. the goal was to address an emergency situation in the St. Talk to as many people as you can throughout the internship-it has given me a great network of people I can keep up with going forward and allowed my projects to be more impactful.“When we filed for a temporary certificate. This summer has given me a lot of clarity on the type of industry, role, and career path I am going to pursue going forward.Ģ. Find a role where you can constantly learn. If I were to pass along any advice to others looking for/starting an internship:ġ. The internship was valuable for a plethora of reasons-notably, being able to apply classroom learning and work closely with impressive people (the corporate development team consistently presents to the C-suite). I really appreciated the variety of the role, as it gave me significant opportunity to learn as much as possible.
SPIRE ENERGY HOW TO
After that, I did work sourcing potential deals by researching financials, operations, and strategic fit.įinally, I led the modeling on a deal which gave me practical experience on how to build a model that is scalable, flexible, and accurate. My first real project involved doing analysis around the weighted average cost of capital we use for our models and helping build a precedent transactions model for buying local distribution companies (utilities). I enjoyed this process as I was able to connect with different leaders throughout the company and hear about their experiences.
SPIRE ENERGY DRIVERS
It is difficult to be impactful in corporate development without fully understanding what the drivers of the business are. I spent the first few weeks doing a deep-dive into the natural gas industry. Ultimately, I was fascinated at how many inputs go into the buying decision as a strategic buyer and how different it is than a strictly financial process.ĭay-to-day, my tasks were never the same (no two deals are truly alike, after all).
Throughout the summer, I was able get involved in many of the different steps in the deal process (sourcing, modeling, due diligence, etc.).
Entering my MBA at Olin I knew I wanted to get involved in mergers and acquisitions and being able to do that from my hometown in St.
I spent the summer as a corporate development intern at Spire Inc.-a natural gas distribution company serving cities throughout the Midwest and Southeast. Today we hear from Tim Segrist who worked at Spire Energy as a c orporate development intern.
SPIRE ENERGY SERIES
Part of a series about summer internships from Olin MBA ’20 students.
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