Utilities Electric Utilities

  • PARIS, May 3- General Electric wants to become a major player in the offshore wind industry and is interested in buying the Areva-Gamesa offshore joint venture Adwen, GE's new head of renewables said on Tuesday. Following its takeover of the energy assets of the French group Alstom, GE in November 2015 created a global renewable energy business unit with sales of...

  • Net income attributable to Duke fell to $694 million, or $1.01 per share, in the first quarter ended March 31, from $864 million, or $1.22 per share, a year earlier. Total operating revenue fell 7.3 percent to $5.62 billion. Duke sells power to 7.3 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.

  • NEW DELHI, May 3- Plans by India's coal monopoly to buy billions of dollars of new machinery and outsource work are facing resistance from powerful unions worried about job losses, in a potential blow to Prime Minister Narendra Modi's promise to bring electricity to all. The increase turned coal shortages at India's power plants to oversupply, making it one of...

  • KITAKYUSHU, Japan, May 2- Countries that plan to build coal-fired power plants need to reassess their energy strategy because such facilities may not be a viable investment, the head of the International Renewable Energy Agency said on Monday. Many industry analysts see natural gas and renewables as the biggest growth sectors in energy, yet most Asian...

  • *Japan aims to avoid pitfalls of Germany's market opening. TOKYO/ FRANKFURT, April 29- Four weeks into Japan's power market shakeup aimed at boosting choice and energy security, the utility at the centre of the 2011 nuclear crisis has borne the brunt of consumer defections, with nearly 470,000 users switching electricity providers. Japan's reforms mark the...

  • LONDON, April 29- Electric utilities should undergo stress tests to show how their business models are in line with limiting global warming, a global network of investors said on Friday. In a guide published on Friday, a network of more than 270 institutional investors with assets worth more than 20 trillion euros said they were concerned that utilities'...

  • April 28- Energy Futures Holdings Corp's plan to sell its Oncor power distribution business for about $19 billion to fund its exit from bankruptcy will not close as expected, a company lawyer told a U.S. While Oncor is considered a crown jewel asset, the Public Utility Commission of Texas imposed conditions for approving the deal that have discouraged the...

  • DUBAI, April 28- International Finance Corporation, the World Bank's private sector investment arm, said on Thursday it had arranged $375 million in financing for an Iraqi power company to provide electricity to millions of people in Kurdistan and Baghdad. The investment in Kurdistan will help boost infrastructure in a part of Iraq that is struggling...

  • The company also said on Wednesday it named Chief Financial Officer Mark Widmar as CEO, succeeding James Hughes, who plans to step down effective June 30. Revenue rose about 81 percent to $848.5 million in the first quarter, largely due to higher revenue from the sale of a large California solar power plant to Southern Co.. The company reported a net profit of...

  • April 27- Solar panel maker First Solar Inc posted a quarterly profit, compared with a year-earlier loss, helped by higher revenue from the sale of a large California solar power plant to Southern Co.. He will succeed James Hughes, who plans to step down effective June 30. The solar panel maker reported a net profit of $170.6 million, or $1.66 per share, in the first...

  • *Spaniards angered by need for repeat elections. MADRID, April 27- Spaniards expressed dismay on Wednesday at the failure of their politicians to form a coalition government after four months of haggling, forcing new elections that opinion polls suggest may not break the deadlock. With no stable government in sight, a state-controlled Spanish airport...

  • By Jan Lopatka and Arno Schuetze. PRAGUE/ FRANKFURT, April 27- Czech energy company EPH is close to selling a stake in EP Infrastructure to the infrastructure arm of Australia's Macquarie after scrapping plans to float the gas shipping and heating business, sources familiar with the talks said. Three sources confirmed talks between the two sides, with one saying...

  • BERLIN, April 27- A commission overseeing Germany's nuclear exit wants utilities operating atomic power plants to pay 23.3 billion euros into a state-fund to cover the costs of waste storage, commission sources told Reuters on Wednesday. The sources added the amount was agreed unanimously by the 19 members. The commission is expected later on Wednesday to...

  • *Spain, Britain and Mexico units struggle. MADRID, April 27- Spanish utility Iberdrola posted a 6 percent drop in first-quarter core profit to 2 billion euros, hit by declines in Spain, Britain and Mexico that more than offset growth in the United States. For now, however, EBITDA at the regulated business was down 8 percent in Britain, 0.6 percent in Spain and 28.9...

  • *Viruses appear not to have posed threat to facility's operations. FRANKFURT, April 27- A nuclear power plant in Germany has been found to be infected with computer viruses, but they appear not to have posed a threat to the facility's operations because it is isolated from the Internet, the station's operator said on Tuesday. The Gundremmingen plant, located about...

  • FRANKFURT, April 26- A nuclear power plant in Germany has been found to be infected with computer viruses, but they appear not to have posed a threat to the facility's operations because it is isolated from the Internet, the station's operator said on Tuesday. The Gundremmingen plant, located about 120 km northwest of Munich, is run by the German utility RWE.

  • LAUNCESTON, Australia, April 26- Australia and Russia could emerge the relative winners if China does restrict imports of North Korean coal, as it has pledged to do. China banned the importation of several minerals from North Korea on April 5, including coal, as part of new United Nations sanctions on Pyongyang aimed at curbing the rogue state's nuclear weapons...

  • BEIJING, April 25- China's government said on Monday that it would strictly control the total capacity of its coal-fired power sector, confirming a move that had previously been flagged by the country's energy watchdog. Beijing will halt the construction of new coal-fired power plants until 2018 in 15 regions even for projects that have already been approved,...

  • April 21- SunEdison Inc, once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection on Thursday after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable. In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30.

  • Mickey Mouse (L)rides on a golden Dumbo with Caroline Sunshine age nine, on the Disney 50th anniversary press preview day at Disneyland in Anaheim, CA,

    Orange County, still paying off debt from its 1994 bankruptcy filing, hopes to issue its first long-term bond sale in nearly a decade.