×

Utilities Electric Utilities

  • *Westinghouse secures $800 mln in debtor-in-possession financing. WILMINGTON, DEL./ TOKYO, March 29- Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Westinghouse and affiliates intend to use bankruptcy...

  • KUALA LUMPUR, March 29- Malaysia briefly prevented a North Korean ship carrying coal from entering its port in Penang because of a suspected breach of United Nations sanctions, a port worker and Malaysian maritime officials told Reuters on Wednesday. Relations between North Korea and Malaysia, which have been friendly for decades, have soured following the...

  • March 29- In the last four years, North Carolina has become the second largest solar market in the United States, behind only California. It has installed more solar energy than Texas, which has nearly three times the population; more than Arizona, which has twice as many sunny days; and more than New York, which has far more aggressive renewable energy targets.

  • TOKYO, March 29- Toshiba Corp's board has approved a Chapter 11 filing for its U.S. nuclear unit Westinghouse, the Nikkei business daily reported on Wednesday- a move that would limit losses that have plunged the Japanese group into crisis. The future of Westinghouse has already been raised in bilateral talks between Japan and the United States with Japan...

  • March 28- Electric bills in Georgia and South Carolina could rise more than customers expect if state utilities are left stranded by a Westinghouse Electric Co bankruptcy filing expected this week, consumer advocates said. U.S. nuclear developer Westinghouse is the lead contractor building two nuclear reactors each in Georgia and South Carolina, both of...

  • Southern Co. CEO: Administration setting energy policy on abundance, not scarcity

    Tom Fanning, Southern Company president, CEO & chairman, discusses the energy business under the Trump administration.

  • TOKYO, March 28- Tokyo Electric Power Company Holdings and Chubu Electric Power Co said on Tuesday they had signed an agreement to integrate their fossil fuel power plants under their JERA Co joint venture. Tepco and Chubu Electric were to decide by around now, according to a timetable set up in 2015, on whether to integrate all their fossil fuel power plants.

  • TOKYO, March 28- Tokyo Electric Power Company Holdings and Chubu Electric Power Co said on Tuesday they had signed an agreement to integrate their fossil fuel power plants under their JERA Co joint venture. The biggest and third-biggest of Japan's regional power utilities aim to combine the businesses in April- September 2019, overseeing nearly half the...

  • Energy Secretary Rick Perry pushed for opening Nevada's Yucca Mountain nuclear waste site in a meeting with the state's governor on Monday, but the local leader said he remains staunchly opposed to the project. Most of Nevada's politicians question the long-term safety of the site and the transportation of radioactive waste through the state.

  • Differences between Athens, the EU and the IMF over how Public Power Corp will relinquish its dominance of the Greek market are a stumbling block to concluding a bailout review that would unlock fresh loans for cash-strapped Greece. Under terms of Greece's 86 billion euro 2015 bailout deal PPC is obliged to reduce both to less than 50 percent by 2020..

  • JAKARTA/ SINGAPORE, March 22- Indonesia is cracking down on corruption and widespread graft at some of its top coal export hubs, disrupting shipments to destinations across Asia. Police initially raided four port facilities, including the Samudra Sejahtera Stevedores Cooperative office, a Transportation Ministry statement said, based on allegations of "...

  • *ING falls after disclosing criminal probe. LONDON, March 22- European shares fell to a two-week low on Wednesday, extending losses from the previous session as weighed down by basic resources stocks and banks. "Bank stocks were the biggest losers in U.S. markets, just because they had been doing the best, and they were epitomizing the reflation trade with higher...

  • JAKARTA/ SINGAPORE, March 22- Indonesia is cracking down on corruption and widespread graft at some of its top coal export hubs, disrupting shipments to destinations across Asia. Police initially raided four port facilities, including the Samudra Sejahtera Stevedores Cooperative office, a statement from the Transportation Ministry said, based on...

  • BEIJING, March 22- China's top power groups are lobbying the local government in the western region of Ningxia to require their main thermal coal supplier to cut prices as they are bleeding cash due to surging coal costs and falling power prices, two sources said. Seven of China's largest electricity generators including the Ningxia subdivision of China...

  • BEIJING, March 22- China's top power groups are lobbying the local government in the western province of Ningxia to force their main supplier of thermal coal to cut prices as they are bleeding cash due to surging coal costs and falling power prices, two sources said. Seven of China's largest electricity generators including the Ningxia subdivision of China...

  • LONDON, March 22- Construction of new coal plants fell sharply last year due to a clampdown on projects in China and less finance available in India, a report by three environmental groups said on Wednesday. By January this year, there was 570 gigawatts of coal power capacity in the pre-construction planning stage, down from 1,090 GW in January 2016, said the report...

  • NEW YORK, March 20- Electricity company Dayton Power& Light said on Monday it would shut down two coal-fired power plants in southern Ohio next year for economic reasons, a setback for the ailing coal industry but a victory for environmental activists. The closure follows negotiations between Dayton Power& Light, the Public Utilities Commission of Ohio and...

  • NEW YORK, March 20- Electricity company Dayton Power& Light said on Monday it would shut down two coal-fired power plants in southern Ohio next year for economic reasons, a setback for the ailing coal industry but a victory for environmental activists. The closure follows negotiations between Dayton Power& Light, the Public Utilities Commission of Ohio and...

  • NEW YORK, March 20- Dayton Power& Light, a subsidiary of The AES Corporation, will close two coal-fired power plants in southern Ohio by June 2018, the company announced on Monday.

  • *As others withdraw, China could become nuclear power leader. BEIJING, March 17- China needs to speed up building planned nuclear reactors and make quick new approvals over the next few years to meet a target for 2020 and keep projects rolling beyond that, an ex-chairman of China National Nuclear Corporation said. China currently operates 35 nuclear reactors,...