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Utilities Electric Utilities

  • *China looking to shift away from coal energy. BEIJING, Jan 5- China will plow 2.5 trillion yuan into renewable power generation by 2020, the country's energy agency said on Thursday, as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels. Last month, the National Development and Reform Commission, the country's...

  • *China looking to shift away from coal energy. BEIJING, Jan 5- China will plough 2.5 trillion yuan into renewable power generation by 2020, the country's energy agency said on Thursday, as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels. Last month, the National Development and Reform Commission, the...

  • *China looking to shift away from coal energy. *Investment to create 13 mln jobs- NEA. BEIJING, Jan 5- China will invest 2.5 trillion yuan in renewable power generation between 2016 and 2020, the National Energy Administration said on Thursday, as the world's largest energy market pushes to shift away from coal power.

  • LONDON, Jan 4- U.S. natural gas prices plunged on Tuesday amid forecasts that temperatures will be average or higher across most population centres by the middle of January. The trigger for the sell-off seems to have been revised weather forecasts showing temperatures across most of the United States would be higher by mid-January. The projected weakening of...

  • LONDON, Jan 4- U.S. natural gas prices plunged on Tuesday amid forecasts that temperatures will be average or higher across most population centres by the middle of January. The trigger for the sell-off seems to have been revised weather forecasts showing temperatures across most of the United States would be higher by mid-January. The projected weakening of...

  • Cyber Security

    A code associated with a broad Russian hacking campaign has been detected on a laptop associated with a Vermont electric utility.

  • WASHINGTON, Dec 30- A code associated with a broad Russian hacking campaign dubbed Grizzly Steppe by the Obama administration has been detected on a laptop associated with a Vermont electric utility but not connected to the grid, the utility said on Friday. "We took immediate action to isolate the laptop and alerted federal officials of this finding," the...

  • WASHINGTON, Dec 30- A code associated with the Russian hacking operation dubbed Grizzly Steppe by the Obama administration has been detected on a laptop associated with a Vermont electric utility but not connected to the grid, the utility said on Friday. "We took immediate action to isolate the laptop and alerted federal officials of this finding," the...

  • WASHINGTON, Dec 30- A code associated with the Russian hacking operation dubbed Grizzly Steppe by the Obama administration has been detected within the system of a Vermont electric utility, The Washington Post reported on Friday, citing unnamed U.S. officials. Federal officials have shared the malware code used in Grizzly Steppe with utility executives...

  • WASHINGTON, Dec 30- A code associated with the Russian hacking operation dubbed Grizzly Steppe by the Obama administration has been detected within the system of a Vermont electric utility, The Washington Post reported on Friday, citing unnamed U.S. officials. While it is unclear which utility reported the incident, there are just two major utilities in...

  • Tesla Motors CEO Elon Musk reveals a Tesla Energy battery for businesses and utility companies during an event in Hawthorne, Calif., April 30, 2015.

    Baird estimates Tesla's new battery storage product is 30 percent more cost efficient than the competition's.

  • COPENHAGEN, Dec 30- A spate of last-minute orders from the United States has put Danish wind turbine maker Vestas on track for its highest contract intake in six years and eased some investors' concerns over U.S. energy policy under the incoming Trump administration. But Vestas' share price, which had more than doubled since the beginning of 2016, came under...

  • Dec 29- After years of running flat out, U.S. Gulf Coast refiners are lining up repairs to plants in 2017- but facing a severe labor shortage that could delay work, drive up costs and raise accident risks. "Putting off work definitely affects the safety of the refinery," said Ed Lee, an independent refinery safety consultant who worked at Royal Dutch Shell for three...

  • Dec 28- Toshiba Corp's claim that it is owed $2.15 billion by Chicago Bridge& Iron Co NV hinges on how an independent auditor will calculate the net working capital of a U.S. nuclear power plant construction business that CB&I sold to Toshiba's Westinghouse unit last year. How much CB&I stands to be paid by Toshiba, or owes to Toshiba, depends on how they calculate...

  • *Follows $1.3 bln accounts scandal, $2 bln charge for nuclear biz. TOKYO/ NEW YORK, Dec 27- Toshiba Corp said it may have to book several billion dollars in charges related to a U.S. nuclear power plant construction company acquisition, sending its stock tumbling 12 percent and rekindling concerns about its accounting acumen. Toshiba's latest writedown would be...

  • TOKYO, Dec 27- Tokyo Electric Power is gauging demand for its first bond offering since the 2011 Fukushima nuclear calamity, with some market participants expecting a sale as early as February, sources familiar the plans said. While the size of the sale has not been decided, potential maturities being discussed are three-, five- and ten-years, bankers and investors...

  • TOKYO, Dec 27- Toshiba Corp said it may book a goodwill impairment loss of several hundreds of billion yen on a U.S. nuclear power acquisition- a shock warning that sent it stock tumbling 12 percent and rekindled concerns about its accounting acumen. Potential losses reported by domestic media have ranged from 100 billion yen to 500 billion yen.

  • TOKYO, Dec 27- Toshiba Corp said on Tuesday it may book a goodwill impairment loss of several hundreds of billion yen on a U.S. nuclear power acquisition made by its Westinghouse division, sending its stock tumbling 12 percent. Potential losses reported by domestic media have ranged from 100 billion yen to 500 billion yen. Such a loss would deal another heavy blow...

  • *Follows $1.3 bln accounting scandal last year. TOKYO, Dec 27- Toshiba Corp said on Tuesday it was considering booking a goodwill impairment loss of several hundreds of billion yen on a U.S. nuclear power acquisition made by its Westinghouse division, sending its stock plunging 10 percent. After the deal was completed, CB&I sued Westinghouse over how working...

  • NEW YORK, Dec 24- When six executives of Platinum Partners, including founder Mark Nordlicht, were arrested on Monday on federal charges of running a more than $1 billion hedge fund fraud, people who had long alleged they were harmed by the New York- based firm felt some vindication. One such person is Houston- based energy entrepreneur John Hoffman.