Utilities Electric Utilities

  • Aug 26- Energy Future Holdings Corp, Texas' biggest power company, won U.S. court approval on Friday for a plan that will allow the bulk of its operations to exit Chapter 11 after two years of battling creditors. Dallas- based Energy Future filed for bankruptcy in April 2014 when weak electricity prices left it unable to service $42 billion in debt, mostly related to...

  • NEW YORK, Aug 24- A U.S. exchange-traded fund with an innovative strategy is sticking to its bet the music will stop for some dividend-paying companies, even as its own performance has the tempo of a funeral dirge. The Reality Shares DIVCON Dividend Defender ETF buys companies it predicts could hike their dividends and bets against- or shorts- cash-strapped firms...

  • SAN FRANCISCO, Aug 23- The California Assembly on Tuesday passed a bill to extend the state's ambitious program to fight climate change beyond 2020, but minutes later it posted disappointing results from an auction of carbon permits that is key to the plan. The Assembly voted 42 to 29 on the bill, known as SB 32, which goes back to the Senate for an up-or-down...

  • SAN FRANCISCO, Aug 23- California sold just over one-third of the carbon permits it offered to cover emissions this year, receiving the minimum price at an auction last week, regulators of the state's cap-and-trade program said on Tuesday. California's cap-and-trade program is a key component of a broader effort to reduce the state's output of heat-trapping...

  • SAN FRANCISCO, Aug 23- California sold just over one-third of the carbon permits it offered to cover emissions this year, receiving the minimum price at an auction last week, regulators of the state's cap-and-trade program said on Tuesday. California's cap-and-trade program is a key component of a broader effort to reduce the state's output of heat-trapping...

  • *First deployment in UK possible by late 2020 s. *Graphic- UK nuclear sites- http://tmsnrt.rs/2b4T144. LONDON, Aug 18- A range of mini-nuclear power plants could help solve Britain's looming power crunch, rather than the $24 billion Hinkley project snarled up in delays, companies developing the technology say.

  • SAO PAULO, Aug 19- Chinese power conglomerates are gradually becoming the dominant force in Brazil's electricity industry, where high debt, a harsh recession and less stringent takeover barriers than in other major markets have stoked a wave of acquisitions. Since the start of 2015, Chinese companies have been the protagonists in three of the six largest...

  • *Large plant costs led developers to look at smaller versions First deployment in UK possible by late 2020 s. *Graphic- UK nuclear sites- http://tmsnrt.rs/2b4T144. LONDON, Aug 18- A range of mini-nuclear power plants could help solve Britain's looming power crunch, rather than the $24 billion Hinkley project snarled up in delays, companies developing the...

  • COPENHAGEN, Aug 18- Wind turbine maker Vestas posted much higher than expected second-quarter results and lifted its 2016 revenue and profitability forecasts, showing it can exploit growing demand for renewable energy. Wind turbine makers are benefiting from a new focus on renewables, encouraged by the Paris global climate summit last year and the...

  • WILMINGTON, Del., Aug 17- Energy Future Holdings Corp, Texas' biggest power company, urged a U.S. bankruptcy court on Wednesday to allow the bulk of its operations to exit Chapter 11, in the largest U.S. bankruptcy since the financial crisis. Energy Future filed for Chapter 11 in April 2014 with $42 billion in debt, the largest bankruptcy since General Motors Corp's in...

  • SINGAPORE, Aug 18- Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities. "Reasons for the increase in prices include mine closures in Indonesia, United States and Australia and policy change by Chinese authorities,"...

  • WILMINGTON, Del., Aug 17- Energy Future Holdings Corp, Texas' biggest power company, urged a U.S. bankruptcy court on Wednesday to allow the bulk of its operations to exit Chapter 11, in its latest bid to reorganize after two years of battling creditors in the largest U.S. bankruptcy since the financial crisis. "The time has come to... confirm a plan and actually emerge...

  • SYDNEY, Aug 18- Australia's Whitehaven Coal Ltd on Thursday reported a bigger-than-expected annual profit on the back of higher coal sales in Asia. Net profit by the producer of coal used in power generation and to make steel, whose customers are predominantly in Japan and India, reached A $20.5 million in fiscal 2016 against forecasts by analysts of around A...

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    The blocking of Ausgrid's sale could dampen Chinese investors' enthusiasm for Australian assets, says UTS' James Laurenceson.

  • SINGAPORE, Aug 17- Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities. Global mining majors like Glencore and Anglo American, but also regional Asian players like Thailand's Banpu, are reaping the benefits.

  • SANTIAGO, Aug 16- The cost of energy in Chile is likely to fall in the next decade, as an auction aimed at providing around a third of the copper exporter's energy needs had attracted bids priced more competitively than forecast, the energy minister said. But the offers ensured that energy prices would be "well below" $60 per megawatt-hour, less than half the cost of...

  • LONDON, Aug 16- Britain on Tuesday approved plans to expand an offshore wind farm project that could ultimately have more than 600 turbines spread across an area of the North Sea more than twice the size of London. The Hornsea Two windfarm project, to be built by DONG Energy, is part of Britain's push to invest in new electricity generation capacity needed to...

  • NEW YORK, Aug 15- U.S. water technology company Xylem Inc said on Monday it would buy Sensus USA Inc, a provider of advanced metering technologies to utilities, for around $1.7 billion in cash. Xylem said the purchase price was 10.7 times Sensus's adjusted earnings before interest, taxes, depreciation and amortization in fiscal 2016. Rye Brook, New York- based Xylem...

  • NEW YORK, Aug 15- U.S. water technology company Xylem Inc is nearing a deal to acquire Sensus USA Inc, a provider of advanced metering technologies to utilities, for around $1.7 billion, including debt, according to people familiar with the matter. Buyout firm Jordan Company, in partnership with Goldman Sachs Group Inc's private equity arm, acquired the company for...

  • *Australia halted A $10 bln grid sale to State Grid Corp of China. SYDNEY, Aug 12- Australia blocked the sale of a major power grid company to Chinese interests in part over concerns that China, its biggest trading partner, is becoming a geo-political threat, a senior member of Australia's government said. Treasurer Scott Morrison, from the country's pro-business...