Utilities Electric Utilities

  • MOSCOW, June 1- Russia's Rosatom, already challenging French and other rivals for nuclear plant sales around the world, is now targeting entry into the U.S. fuel rod market, a top executive with the company has told Reuters. Its fuel rod technology is not yet used in the United States, but the company sees potential for a breakthrough and a chance to take market share...

  • NUSA DUA, Indonesia, June 1- Something has changed in the coal industry. For the past 22 years Asia's coal producers, traders and buyers have gathered in the Indonesian resort island of Bali to discuss the state of the sector. The main reason for the collapse in prices was the switch from an under-supplied seaborne market to one that was massively over-supplied as...

  • Merge and Acquisition

    Great Plains Energy, the parent of regulated utility Kansas City Power & Light, said it would buy rival Westar Energy for $8.6 billion.

  • BERLIN, May 30- Germany plans to ensure that utility companies remain liable for the costs of shutting down the country's nuclear power plants even if they split up, government sources said on Monday. The move, which will be announced on Wednesday, is designed to close a loophole ahead of the annual general meeting of E.ON on June 8, when shareholders will vote on...

  • *Mozambique to pay out of gas revenues. TEMANE, Mozambique, May 30- Mozambique's debt crisis and lower oil prices will not affect Sasol's $1.4 billion gas project because costs will be covered by the South African energy company and recouped through gas revenues, the company said on Monday. Mozambique missed a loan repayment deadline this month, plunging one of...

  • TOKYO, May 27- Japan will cut reliance on nuclear power when it releases an updated energy plan as early as next year, reflecting public opposition and a recognition that current policy is unrealistic, three sources familiar with official thinking told Reuters. Cutting nuclear will likely mean higher targets for renewable energy, said Tomas Kaberger, energy...

  • PARIS, May 25- French utility Engie said on Wednesday it is considering the closure or sale of its giant Hazelwood coal-fired power plant in Australia as part of its move away from operating any coal-fired plants. Chief Executive Isabelle Kocher told a French Senate committee on Wednesday that the utility planned a gradual withdrawal from coal-fired power...

  • LONDON, May 24- EDF cannot give a definitive time for when the French utility will make an investment decision regarding the Hinkley C nuclear project in Britain, EDF Energy CEO Vincent de Rivaz told British lawmakers on Tuesday. It is expected to produce seven percent of Britain's electricity when built, but a final investment decision has been delayed as EDF...

  • *Britain among European leaders, other countries watch closely. LONDON, May 23- Britain is turning to a new way of making sure it doesn't run out of power, one that could turn the energy market on its head: rather than paying utilities to produce more electricity, it is paying firms that guarantee to cut industrial demand. Aggregators, like Flexitricity, Kiwi Power or...

  • leak at the giant Aliso Canyon storage facility will threaten electric reliability in the southern part of the state this summer. In April, several California agencies prepared a report on potential power shortages related to last year's gas leak at the Aliso Canyon storage facility in the Los Angeles area. That report found significant risks to electricity...

  • May 18- The operator of the California power grid. said on Wednesday that natural gas shortages related to a. leak at the giant Aliso Canyon storage facility will threaten electric reliability in the southern part of the state this summer.

  • CALGARY, Alberta, May 17- A massive wildfire raged near Fort McMurray, Alberta on Tuesday and threatened major oil sands production facilities, forcing the evacuation of thousands of workers and prolonging a shutdown that cut Canadian oil output by 1 million barrels a day. The fire jumped a critical firebreak late Monday where plants and trees had been removed...

  • BEIJING, May 14- China produced 268 million tonnes of coal in April, down 11 percent on the year, the National Bureau of Statistics said on Saturday, with producers cutting back in a concerted effort to shore up prices. China's coal sector has been struggling with a massive capacity glut and miners have been encouraged to cut production to shore up domestic prices,...

  • DAR ES SALAAM, May 13- Japan's Koyo Corporation plans to invest $1 billion in a gas-fired power plant in Tanzania, which has made huge natural gas discoveries, the office of Tanzania's prime minister said on Friday. "Koyo Corporation plans to build a 1,000 megawatt gas-fired power plant in Tanzania," the prime minister's office said in a statement.

  • COPENHAGEN, May 13- Denmark's DONG Energy could be valued at more than $15 billion, according to two of the banks involved in the company's planned initial public offering, Danish newspaper Berlingske reported on Friday. The majority state-owned utility and offshore wind farm developer said on Thursday it planned to list on the Copenhagen stock exchange this...

  • BUENOS AIRES, May 12- Argentina's Pampa Energia SA said on Thursday it planned to invest $400 million in thermal and wind energy projects if it wins a tender process for renewable power projects that the government will hold next week. Pampa Energia plans to invest between $100 million and $120 million in a thermal energy project in the Neuquen province and a...

  • HOUSTON, May 12- Argentina aims to stop importing light crude this year while increasing domestic refining operations, Energy Minister Juan Jose Aranguren said on Thursday. President Mauricio Macri promises to increase investment in the energy sector, particularly in renewable energy and the sprawling Vaca Muerta shale formation in Patagonia, as part of...

  • *Denmark to maintain 50.1 percent stake. COPENHAGEN, May 12- Danish wind farm developer DONG Energy, which analysts value as high as $13 billion, said on Thursday it plans to list its shares on the Copenhagen stock exchange this summer. Having built more than a quarter of the world's offshore wind farms, the company is a major player in Britain and Germany and has...

  • *Electricity generation improving as new plants come online. CAPE TOWN, May 12- South Africa's power utility Eskom does not expect to implement electricity cuts for the rest of the financial year which started in April, its chief executive said on Thursday. Eskom, which is battling an electricity shortage, was forced to implement electricity blackouts, or "load...

  • MILAN, May 12- Italian oil major Eni, which has historically invested little in renewable energy given its strong track record in discovering oil and gas, plans renewable energy projects in Italy, Pakistan and Egypt. In Italy alone, Eni said on Thursday it expects to build more than 220 megawatts of solar power capacity in regions including Liguria, Sardinia,...