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Utilities Electric Utilities

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  • The disaster exposed flaws in the national grid, pushed up prices and led to three of them, including Tepco, owner of the Fukushima plant, to turn to the government for aid. The growing ties between Chubu and Tepco may prompt mergers in the industry after the government opens up the $63 billion retail market from April 2016, said Tom O'Sullivan, founder of...

  • *PM Abbott wants to cut state support for industry. SYDNEY, Feb 8- Australia faces a A $17 billion exodus of investment from its windfarm industry because of a political deadlock, threatening to deal the country a major economic blow and kill hopes of meeting a self-imposed clean energy target. "It's a difficult time at the moment, and the policy uncertainty is the...

  • KUALA LUMPUR, Feb 6- Troubled state-owned investment fund 1 Malaysia Development Bhd has called off plans to sell up to 8.4 billion ringgit of Islamic bonds, two people familiar with the issue told Reuters on Saturday. Malaysian media had reported on Saturday that 1 MDB may pull out, thereby allowing Malaysia's largest power group Tenaga Nasional Bhd to take...

  • Japan aims to restart nuclear reactor in June -sources Thursday, 5 Feb 2015 | 9:49 PM ET

    TOKYO, Feb 6- Japan's government is aiming to restart a nuclear reactor by around June following a lengthy and politically-sensitive approval process in the wake of the Fukushima disaster, sources familiar with the plans said. Prime Minister Shinzo Abe's government has been pushing to bring some of the country's reactors back online after all 48 closed...

  • SHANGHAI/ HONG KONG, Feb 4- China Power Investment Corp is merging with the State Nuclear Power Technology Corp, as Beijing drives consolidation in its rapidly expanding nuclear power sector with the aim of eventually exporting reactors. "The merger will help them expand in China, and the overseas market in the long run," said Francois Morin, Beijing- based China...

  • SHANGHAI, Feb 4- Chinese power producer, China Power Investment Corp, is merging with the State Nuclear Power Technology Corp, as Beijing moves to consolidate its nuclear sector to boost exports of homemade reactors. Shanghai Electric Power Corp Ltd said its parent company, China Power Investment Corp, had got approval to start work on a merger with SNPTC, which...

  • BRASILIA/ SAO PAULO, Feb 3- A severe drought is accelerating Brazil's expected descent into recession, adding to President Dilma Rousseff's woes as she takes unpopular austerity measures and faces economic fallout from a corruption scandal at state-run oil company Petrobras. The minister, who asked not to be named, said water rationing looks inevitable in the...

  • NEW DELHI/ WASHINGTON, Feb 3- A "breakthrough understanding" to open India's nuclear power sector to U.S. firms reached during President Barack Obama's visit to New Delhi last month could be finalized this year, Indian officials say. India wants to nearly treble its installed nuclear capacity, which would make it the world's second biggest market after China.

  • *Dow, S&P 500 coming off worst month since Jan 2014. NEW YORK, Feb 2- U.S. stocks ended sharply higher on Monday after a late rally driven by hopes for a Greek debt deal and as energy shares bounced with oil prices. Greece's new government has proposed ending a standoff with its international creditors by swapping its outstanding debt for new growth-linked bonds,...

  • *Dow, S&P 500 coming off worst month since Jan 2014. NEW YORK, Feb 2- U.S. stocks were nearly flat in a volatile session on Monday as disappointing readings on consumer spending and the manufacturing sector were offset by gains in energy shares. Shares of Exxon Mobil were up 1 percent after it reported a smaller-than-expected profit drop.

  • *Dow, S&P 500 coming off worst month since Jan 2014. NEW YORK, Feb 2- U.S. stocks rose in a volatile session on Monday as better-than-expected results from Exxon lifted energy shares and offset disappointing readings on consumer spending and the manufacturing sector. The sector rose 1.4 percent after Exxon Mobil reported a smaller-than-expected profit drop of...

  • *Dow, S&P 500 coming off worst month since Jan 2014. NEW YORK, Feb 2- The S&P 500 edged up in a volatile session on Monday as better-than-expected results from Exxon lifted energy shares and offset disappointing readings on consumer spending and the manufacturing sector. The sector rose 0.9 percent after Exxon Mobil reported a smaller-than-expected profit drop...

  • American Electric Power misses 4Q Street forecasts Wednesday, 28 Jan 2015 | 11:02 AM ET
    Power lines run past the cooling tower and smoke stacks at American Electric Power's Mountaineer coal power plant in New Haven, West Virginia.

    American Electric Power on Wednesday reported fourth-quarter profit of $191 million, falling short of estimates.

  • Time to cut the cord on global power grid Thursday, 8 Jan 2015 | 2:59 PM ET
    Electrical outlet

    It's time for energy utilities and grids to cut the old-school cord, says Terry Tamminen.

  • Germans balk at plan for wind power lines Wednesday, 24 Dec 2014 | 11:55 PM ET
    Wind power station, Schleswig-Holstein, Germany

    Germans have welcomed renewable energy, even as electric bills doubled. But enthusiasm appears to be waning with a plan for high-voltage transmission lines. The New York Times reports.

  • Will oil’s drop hurt renewable energy? Thursday, 4 Dec 2014 | 10:43 PM ET
    School students near the Solar Energy compound at Moushuni in West Bengal, India

    Suddenly cheap oil may spur economic re-calculations across the board, but analysts are sticking with a still-sunny outlook for renewable energy.

  • Why the sun may not shine on utility dividends Monday, 1 Dec 2014 | 7:00 AM ET
    Solar energy roof panels

    For decades, retirees have counted on utilities to pay big dividends and cover interest on bonds, but that was before solar took off.

  • Germany's biggest utility E.ON announced plans on Sunday to split in two and spin off most of its power generation, energy trading and upstream businesses.

  • Secret to Jeff Goldblum's success? Think electric Monday, 29 Sep 2014 | 12:48 PM ET
    Jeff Goldblum in a G.E. spot "Enhance Your Lighting".

    We've finally figured out the secret to Jeff Goldblum's enduring charm and success as an actor: really great lighting, TODAY reports.

  • Calls intensify for protecting America's power grid Thursday, 11 Sep 2014 | 1:41 PM ET

    Widespread electronic attacks on U.S. interests have amplified calls to fortify the U.S.'s aging electric grid from terrorism.