Utilities Electric Utilities

  • Aug 26- Energy Future Holdings Corp, Texas' biggest power company, won U.S. court approval on Friday for a plan that will allow the bulk of its operations to exit Chapter 11 after two years of battling creditors. Dallas- based Energy Future filed for bankruptcy in April 2014 when weak electricity prices left it unable to service $42 billion in debt, mostly related to...

  • NEW YORK, Aug 24- A U.S. exchange-traded fund with an innovative strategy is sticking to its bet the music will stop for some dividend-paying companies, even as its own performance has the tempo of a funeral dirge. The Reality Shares DIVCON Dividend Defender ETF buys companies it predicts could hike their dividends and bets against- or shorts- cash-strapped firms...

  • BEIJING— On a seaside field south of Shanghai, workers are constructing a nuclear reactor that is the flagship for Beijing's ambition to compete with the United States, France and Russia as an exporter of atomic power technology. Still, experts say Beijing underestimates how tough it will be for its novice nuclear exporters to sell abroad.

  • SAN FRANCISCO, Aug 23- The California Assembly on Tuesday passed a bill to extend the state's ambitious program to fight climate change beyond 2020, but minutes later it posted disappointing results from an auction of carbon permits that is key to the plan. The Assembly voted 42 to 29 on the bill, known as SB 32, which goes back to the Senate for an up-or-down...

  • SAN FRANCISCO, Aug 23- California sold just over one-third of the carbon permits it offered to cover emissions this year, receiving the minimum price at an auction last week, regulators of the state's cap-and-trade program said on Tuesday. California's cap-and-trade program is a key component of a broader effort to reduce the state's output of heat-trapping...

  • SAN FRANCISCO, Aug 23- California sold just over one-third of the carbon permits it offered to cover emissions this year, receiving the minimum price at an auction last week, regulators of the state's cap-and-trade program said on Tuesday. California's cap-and-trade program is a key component of a broader effort to reduce the state's output of heat-trapping...

  • *First deployment in UK possible by late 2020 s. *Graphic- UK nuclear sites- http://tmsnrt.rs/2b4T144. LONDON, Aug 18- A range of mini-nuclear power plants could help solve Britain's looming power crunch, rather than the $24 billion Hinkley project snarled up in delays, companies developing the technology say.

  • SAO PAULO, Aug 19- Chinese power conglomerates are gradually becoming the dominant force in Brazil's electricity industry, where high debt, a harsh recession and less stringent takeover barriers than in other major markets have stoked a wave of acquisitions. Since the start of 2015, Chinese companies have been the protagonists in three of the six largest...

  • PROVIDENCE, R.I.— Construction on the nation's first offshore wind farm has finished. Deepwater Wind built a five-turbine wind farm off Block Island, Rhode Island. Deepwater Wind CEO Jeffrey Grybowski tweeted a photo of the five turbines on Thursday and said that the wind farm is now fully constructed.

  • *Large plant costs led developers to look at smaller versions First deployment in UK possible by late 2020 s. *Graphic- UK nuclear sites- http://tmsnrt.rs/2b4T144. LONDON, Aug 18- A range of mini-nuclear power plants could help solve Britain's looming power crunch, rather than the $24 billion Hinkley project snarled up in delays, companies developing the...

  • COPENHAGEN, Aug 18- Wind turbine maker Vestas posted much higher than expected second-quarter results and lifted its 2016 revenue and profitability forecasts, showing it can exploit growing demand for renewable energy. Wind turbine makers are benefiting from a new focus on renewables, encouraged by the Paris global climate summit last year and the...

  • WILMINGTON, Del., Aug 17- Energy Future Holdings Corp, Texas' biggest power company, urged a U.S. bankruptcy court on Wednesday to allow the bulk of its operations to exit Chapter 11, in the largest U.S. bankruptcy since the financial crisis. Energy Future filed for Chapter 11 in April 2014 with $42 billion in debt, the largest bankruptcy since General Motors Corp's in...

  • SINGAPORE, Aug 18- Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities. "Reasons for the increase in prices include mine closures in Indonesia, United States and Australia and policy change by Chinese authorities,"...

  • WILMINGTON, Del., Aug 17- Energy Future Holdings Corp, Texas' biggest power company, urged a U.S. bankruptcy court on Wednesday to allow the bulk of its operations to exit Chapter 11, in its latest bid to reorganize after two years of battling creditors in the largest U.S. bankruptcy since the financial crisis. "The time has come to... confirm a plan and actually emerge...

  • SYDNEY, Aug 18- Australia's Whitehaven Coal Ltd on Thursday reported a bigger-than-expected annual profit on the back of higher coal sales in Asia. Net profit by the producer of coal used in power generation and to make steel, whose customers are predominantly in Japan and India, reached A $20.5 million in fiscal 2016 against forecasts by analysts of around A...

  • Australia China

    The blocking of Ausgrid's sale could dampen Chinese investors' enthusiasm for Australian assets, says UTS' James Laurenceson.

  • The starting manufacturer's suggested retail price, including delivery charge, for a 2016 Volt 1 LT five-door hatchback is $33,995, about 17 percent lower than when the Volt debuted in 2011 for more than $40,000. And the 2016 Volt pricing neither takes into account a federal tax credit of up to $7,500 nor state rebates of up to $1,500 in locations like California.

  • SINGAPORE, Aug 17- Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities. Global mining majors like Glencore and Anglo American, but also regional Asian players like Thailand's Banpu, are reaping the benefits.

  • SANTIAGO, Aug 16- The cost of energy in Chile is likely to fall in the next decade, as an auction aimed at providing around a third of the copper exporter's energy needs had attracted bids priced more competitively than forecast, the energy minister said. But the offers ensured that energy prices would be "well below" $60 per megawatt-hour, less than half the cost of...

  • KNOXVILLE, Tenn.— An engineer accused of helping a Chinese energy company build nuclear reactors with U.S. technology is accusing the FBI of conning him into talking without a lawyer. Szuhsiung "Allen" Ho is the owner and president of Delaware- based Energy Technology International, which had the state-controlled China General Nuclear Power Company as a client,...