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Utilities Electric Utilities

  • The plans for four heavily indebted Puerto Rico agencies will be amended in upcoming weeks, although officials noted that the water rate increase will start in January and that the Government Development Bank will be liquidated within a decade. The board met in New York City to review the plans just days before a May 1 deadline on which Puerto Rico might...

  • WASHINGTON, April 28- A U.S. appeals court on Friday granted a Trump administration request to put on hold a legal challenge by industry and a group of states to former President Barack Obama's regulations aimed at curbing greenhouse emissions mainly from coal-fired power plants, rules that the Republican president is moving to undo. A 10- judge panel of the U.S....

  • PORTLAND, Ore. _ Portland General Electric Co. on Friday reported first-quarter net income of $73 million. On a per-share basis, the Portland, Oregon- based company said it had net income of 82 cents. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 82 cents per share.

  • BEIJING, April 28- Toshiba Corp's Westinghouse Electric Co unit will continue operating normally in Asia and Europe, despite the ongoing Chapter 11 restructuring, an executive at the troubled company said on Friday. Westinghouse filed for bankruptcy last month, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the...

  • WASHINGTON— The Trump administration has successfully delayed a legal fight over enforcing Obama-era restrictions on pollution from coal-fired power plants. The U.S. Court of Appeals for the District of Columbia Circuit on Thursday granted a request from the Environmental Protection Agency to postpone a planned hearing on 2012 rules requiring energy...

  • Jim Cramer explains why these top tech stocks continue to draw investors.

  • Jim Cramer on Mad Money

    Jim Cramer explains why these top tech stocks continue to draw investors.

  • "The stabilization that we're seeing in the market is much more driven by the price of natural gas as a competitive fuel," Chief Executive Lance Fritz told Reuters after the Omaha, Nebraska- based railroad reported a better-than-expected first-quarter profit that was boosted by a 25 percent increase in coal revenue. He said he was also optimistic that the North...

  • US infrastructure projects need to 'skinny down' approval process: Sean McGarvey

    Michael Skelly, Clean Line Energy Partners, and Sean McGarvey, North America's Building Trade Unions, discuss what needs to happen to proceed with infrastructure projects in the U.S.

  • MOSCOW/ SEVASTOPOL, Crimea, April 27- Russia's $1.3 billion plan to build two new power plants in Crimea aimed to show that Moscow could complete high-tech projects on the annexed peninsula despite Western technology sanctions. But two years after its approval, the plan, which would supply Crimea's residents with power they once got from Ukraine, has been...

  • MINSK, Belarus— About 400 people have marched in Belarus' capital to mark the anniversary of the 1986 Chernobyl nuclear power plant disaster and protest the construction of a nuclear plant in the country. Wednesday was the 31st anniversary of the explosion and fire at the nuclear plant in neighboring Ukraine. About a quarter of Belarus' territory was...

  • JACKSON, Miss.— A San Francisco- based renewable energy company wants Mississippi regulators to approve a $1.4 billion power transmission line that would carry electricity from wind generated in Texas to the Southeast. The Southern Cross Transmission line would extend from Texas through Desoto Parish in Louisiana, crossing into Mississippi south of...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • LONDON/ MOSCOW, April 26- En+ Group, which manages Russian tycoon Oleg Deripaska's aluminium and hydro power businesses, plans to raise $2 billion in an initial public offering in London and Moscow, sources familiar with the deal said. A flotation of 20 to 25 pct of En+ split between the two capitals would value the company at up to $10 billion, a valuation some industry...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • SPRING CITY, Tenn.— Tennessee Valley Authority security officers at nuclear power plants will soon be prohibited from carrying handguns. WRCB-TV reports that the measure will be in place throughout the system by the end of the year. Senior Nuclear Security Officer Paul Tackett expressed concern about the changes, recalling an officer who was shot at the Watts...

  • *Warsaw's commitment to coal expansion lowers risk for investors. WARSAW/ LONDON, April 25- Many Western banks and finance institutions have pledged to divest from coal, but this has not stopped at least one Polish utility that is expanding its use of the fossil fuel from securing funding through banks and the European Investment Bank. Furthermore, the...

  • SANTIAGO, April 25- General Electric Co is in talks with an independent energy producer to make a significant move into wind power in Chile, two people with knowledge of the process told Reuters, as the conglomerate expands its global renewable footprint. GE is in talks to provide turbines for wind farms to be developed by Ireland's Mainstream Renewable Power...

  • WASHINGTON— A federal appeals court has granted a request from the Trump administration to delay a decision on Obama-era rules limiting water pollution from coal-fired power plants. The 5th Circuit Court of Appeals in New Orleans says it won't consider a lawsuit over the rules for at least 120 days. Environmental Protection Agency chief Scott Pruitt...