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Utilities Electric Utilities

  • In an auction conducted by state-controlled Solar Energy Corporation of India for various wind projects totalling 1 gigawatt, five companies separately quoted a tariff of 3.46 rupees per unit to win the projects. "After solar cost reduction below 3 rupees/ unit, wind power cost down to 3.46 rupees/ unit through transparent auction," India's coal, power and...

  • SAN DIMAS, Calif. _ American States Water Co. on Thursday reported fourth-quarter earnings of $11.2 million. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 30 cents per share. American States Water shares have dropped slightly more than 1 percent since the beginning of the year.

  • KANSAS CITY, Mo. _ Great Plains Energy Inc. on Thursday reported fourth-quarter net income of $98 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share. Great Plains Energy shares have increased 4 percent since the beginning of the year.

  • TOPEKA, Kan. _ Westar Energy Inc. on Wednesday reported fourth-quarter net income of $53.9 million. The Topeka, Kansas- based company said it had net income of 38 cents per share. Keywords: Westar Energy, Earnings Report.

  • SAO PAULO, Feb 22- State-run oil company Petroleo Brasileiro SA has alerted Brazil's electricity sector regulator that it would not supply natural gas for a new thermoelectric power plant under construction in the Amazon region. In a letter to regulator Aneel seen by Reuters, Petrobras said it would not sign a contract with state-led power utility Centrais...

  • Feb 21- U.S. solar company First Solar Inc raised its 2017 sales forecast due to the timing of the sale of a major project, but said a large facility in Arizona had been canceled due to opposition to its location on tribal lands. First Solar raised its 2017 net sales forecast to $2.8 billion to $2.9 billion from $2.5 billion to $2.6 billion. First Solar said the more...

  • SYDNEY, Feb 22- Fed up with unpredictable and often exorbitant electricity prices, Sun Metals CEO Yun Birm Choi plans to invest A $183 million to build a massive solar farm to power his zinc refinery in the Australian outback. The decision by Sun Metals, owned by Korea Zinc Co, to turn to solar comes as Australia grapples with more frequent power failures and...

  • Feb 21- Wall Street is pushing back against a proposed rule to force U.S. banks like Goldman Sachs Group Inc to hold more capital against investments in commodities, placing what some see as an overly restrictive limit on banks' ties to the sector. The comment letter, filed by the Securities Industry and Financial Markets Association and the Institution of...

  • Feb 21- Canadian energy company Veresen Inc said on Tuesday it would sell its power generation business, its largest division, for $1.18 billion in three separate deals. The Calgary- based company, which owns energy infrastructure assets in Canada and the United States, said it would sell the division and use the proceeds to fund growth projects.

  • BANGKOK— Thailand's prime minister said Tuesday the government will ensure that environmental and health impact studies for a coal power plant approved by its energy policy planning committee will be reconsidered, but made clear he expects the project to proceed. Prayuth chaired the National Energy Policy Committee, which announced Friday the go-ahead...

  • CALGARY, Alberta, Feb 17- Enbridge Inc, Canada's largest pipeline company, reported a smaller than expected quarterly profit on Friday, and also announced a C $1.7 billion investment in a North Sea windfarm. Closer to home, Calgary- based Enbridge said a deal to buy Spectra Energy Corp is on track to close this quarter after it obtained U.S. antitrust approval for the...

  • BANGKOK— A government committee has approved construction of an 800- megawatt coal power plant near pristine beaches on the Andaman Sea, Thailand's prime minister said Friday. The announcement by Prime Minister Prayuth Chan- ocha that the National Energy Policy Committee has given the go-ahead to the project was criticized by activists who worry the plant...

  • PORTLAND, Ore. _ Portland General Electric Co. on Friday reported fourth-quarter earnings of $61 million. On a per-share basis, the Portland, Oregon- based company said it had profit of 68 cents. For the year, the company reported profit of $193 million, or $2.16 per share.

  • TOKYO, Feb 17- Japan's liquefied natural gas buyers are upending the traditional practices of the market, using their leverage as the world's biggest buyers of the fuel to wrestle concessions for more flexible terms. Japan's electric utilities have won provisions that will allow them to divert contracted LNG cargoes if they restart their nuclear reactors,...

  • CHARLOTTE, N.C.— Duke Energy Corp. on Thursday reported a fourth-quarter loss of $230.7 million, after reporting a profit in the same period a year earlier. Duke Energy expects full-year earnings in the range of $4.50 to $4.70 per share. Duke Energy shares have dropped 1 percent since the beginning of the year, while the Standard& Poor's 500 index has increased...

  • Feb 16- Duke Energy Corp, the biggest U.S. power company by generation capacity, posted a quarterly loss, stemming from the sale of its international business last year. Net loss attributable to the Duke Energy was $227 million, or 33 cents per share, in the fourth quarter ended Dec. 31, compared with a profit of $477 million, or 69 cents per share, a year earlier.

  • KIEV, Feb 15- Ukraine on Wednesday accused Russian hackers of targeting its power grid, financial system and other infrastructure with a new type of virus that attacks industrial processes, the latest in a series of cyber offensives against the country. Oleksandr Tkachuk, Ukraine's security service chief of staff, said at a press conference that the attacks...

  • HOUSTON, Feb 14 (Reuters)- Storms packing heavy rains, lashing winds and tornadoes hit the Houston metropolitan area on Tuesday, ripping roofs off homes, blowing windows out of frames and leaving tens of thousands of people without power. Two tornadoes were reported to have touched down in Fort Bend County, about 30 miles (50 kms) southwest of Houston, causing damage...

  • *Raises questions over UK Moorside project. LONDON, Feb 14- The future of Britain's new Moorside nuclear plant was thrown into doubt on Tuesday after Japan's Toshiba Corp, which is developing the project with France's Engie, said it planned to pull out of the construction work. "It's a pretty challenging time and it's difficult anyway to work out how to make nuclear...

  • BILLINGS, Mont.— Plans for a Billings solar farm are heating up just as renewable energy politics cool at the Montana Legislature. It would be Montana's largest solar project, spanning 480 acres, and the first on public land, the Billings Gazette reports. However, Montana solar projects are facing dark times.