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  • UPDATE 1-Vale sells another coal mine in Australia Wednesday, 26 Aug 2015 | 11:03 PM ET

    RIO DE JANEIRO/ SYDNEY, Aug 26- Brazilian mining giant Vale has continued its disposal of non-core holdings, agreeing to sell a mothballed coal mine in Australia jointly to Glencore Plc and Bloomfield Group for an undisclosed sum. Vale in July sold another coal mine in Australia to a local operator for A $1 amid a sector downturn that has claimed thousands of jobs...

  • WASHINGTON, Aug 26- The World Trade Organization has ruled against India in a dispute with the United States over its solar power program, Indian business newspaper Mint reported on Wednesday. Mint quoted an unnamed official from the Indian commerce ministry as saying the country planned to appeal the decision, made after the United States complained about...

  • JOHANNESBURG, Aug 26- South Africa's Eskom said on Wednesday it wants compensation from Glencore's mining subsidiary Optimum if it is unable to supply coal to its Hendrina power plant. Administrators for Glencore's South African coal mining subsidiary suspended the firm's supply agreement with Eskom last Thursday while the mining unit undergoes a...

  • JOHANNESBURG, Aug 26- South Africa's Eskom said on Wednesday it wants compensation from Glencore's mining subsidiary Optimum if it is unable to supply coal to its Hendrina power plant. "If they are unable to provide coal to us, they need to compensate us for not meeting their obligations. We have a three year agreement with them, "Eskom spokesman Khulu Phasiwe told...

  • David Gaier, spokesman for NRG Energy, said the company filed the application to close the Huntley coal facility in Tonawanda, eliminating 79 jobs. Gaier said the last of four units at NRG's Dunkirk plant will be mothballed by Jan. 1, costing 66 jobs, because of "massive uncertainty" caused by a federal lawsuit filed by Entergy Corp., owner of the Indian Point nuclear...

  • Puerto Rico power company drops Petrobras in new deal Tuesday, 25 Aug 2015 | 4:13 PM ET

    SAN JUAN, Puerto Rico— Puerto Rico's heavily indebted power company said Tuesday that it signed a contract to replace Brazilian oil giant Petrobras as the island's main fuel supplier in a bid to save money as a restructuring deadline looms. The Electric Power Authority said the deal with Connecticut- based Freepoint Commodities will help save $25 million the...

  • DC regulators reject proposed merger of Exelon, Pepco Tuesday, 25 Aug 2015 | 12:34 PM ET

    WASHINGTON— Regulators in the District of Columbia rejected the proposed merger of power companies Exelon and Pepco on Tuesday, saying the deal would not benefit ratepayers. Chicago- based Exelon announced in April of 2014 that it was buying Washington, D.C.- based Pepco Holdings Inc. for $6.8 billion. "We found no benefit to District ratepayers in a new...

  • BILLINGS, Mont.— U.S. and China officials took a major step Tuesday toward an agreement to advance "clean coal" technologies that purport to reduce the fuel's contribution to climate change— and could offer a potential lifeline for an industry that's seen its fortunes fade. The agreement between the U.S. Department of Energy and China's National Energy...

  • Hospira and AGL are big market movers Monday, 24 Aug 2015 | 4:42 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Hospira Inc., up 34 cents to $89.85. Chevron Corp., down $3.64 to $72.12.

  • LAS VEGAS— President Barack Obama brought presidential star power to tout the benefits of solar electricity in Western states during an annual green power conference Monday in Las Vegas hosted by U.S. Obama headlined an event that Reid has nurtured as Democratic leader of the Senate to seek support for new executive actions and other efforts aimed at making...

  • WASHINGTON, Aug 24- The White House on Monday expanded its push for greater renewable energy adoption, announcing fresh financial incentives for solar panels, smart grid technology and other alternative energies for homeowners and builders. President Barack Obama will travel to Las Vegas, Nevada later on Monday to unveil the new steps, which include an...

  • ATLANTA— Southern Co. is buying AGL Resources Inc. for approximately $7.93 billion, which would create the second-biggest utility company in the U.S. by customer base. Atlanta- based Southern will pay $66 in cash for each AGL share, a 38 percent premium to the company's Friday closing price of $47.86. In premarket trading an hour before the market open, AGL...

  • SEABROOK, N.H.— The Seabrook Station nuclear power plant was conceived during the turbulent 1970 s and was under construction when accidents at Three Mile Island and Chernobyl stoked fears of a global nuclear calamity. Twenty-five years after Seabrook began commercial operations, the plant perches in a marsh on New Hampshire's sliver of a seacoast, steadily...

  • Harry Reid enters Nevada's solar wars Friday, 21 Aug 2015 | 2:12 PM ET
    Senate Minority Leader Sen. Harry Reid of Nevada

    Sen. Harry Reid said that a Nevada utility, owned by Buffett's Berkshire, is proposing a potential blow to the state's rooftop solar industry.

  • *Glencore's coal mine unit in cash-crunch due to Eskom deal. JOHANNESBURG, Aug 20- Administrators for Glencore's South African coal mining subsidiary suspended the firm's supply agreement with national power utility Eskom on Thursday while the mining unit undergoes a financial rescue programme. The Glencore unit sells half its output to Eskom's 2,000-...

  • *Glencore's coal mine unit in cash-crunch due to Eskom deal. JOHANNESBURG, Aug 20- Glencore's South African coal mining subsidiary suspended its supply agreement with national power utility Eskom on Thursday while the mining unit undergoes a financial rescue programme, its administrators said. The Glencore unit sells half its output to Eskom's 2,000-...

  • US proposes to cut methane from oil, gas by nearly half Tuesday, 18 Aug 2015 | 10:40 AM ET

    WASHINGTON— The Obama administration on Tuesday proposed cutting methane emissions from U.S. oil and gas production by nearly half over the next decade, part of on ongoing push by President Barack Obama to curb climate change. Officials estimate the rule would cost industry from $320 million to $420 million in 2025, with reduced health care costs and other...

  • *Legal woes cloud restart of Japan's nuclear industry. IWAKI, Japan, Aug 17- Four and a half years after the Fukushima disaster, and as Japan tentatively restarts nuclear power elsewhere, the legal challenges are mounting for the crippled plant's operator. Rather, the cases could further increase opposition to nuclear restarts- which consistently beats support...

  • *Legal woes cloud restart of Japan's nuclear industry. IWAKI, Japan, Aug 17- Four and a half years after the Fukushima disaster, and as Japan tentatively restarts nuclear power elsewhere, the legal challenges are mounting for the crippled plant's operator. Rather, the cases could further increase opposition to nuclear restarts- which consistently beats support...

  • TOKYO, Aug 14- Japan's environment minister objected on Friday to plans by Chubu Electric Power Co to build a coal-fired plant due to a lack of specific plans by the power industry to cut greenhouse gas emissions. It has submitted objections to Chubu's plans to build a 1.07 gigawatt plant to the industry ministry, and follows its objections in June to plans by...