Utilities Electric Utilities

  • *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.

  • WASHINGTON, April 20- The U.S. Senate passed the first major energy bill in nine years on Wednesday, legislation containing modest measures popular with both Republicans and Democrats to modernize the power grid and speed the permitting process for liquefied natural gas exports. The Energy Policy and Modernization Act, the first wide- ranging energy bill...

  • WASHINGTON, April 20- The U.S. Senate passed the first energy bill in nine years on Wednesday, legislation that contains modest measures popular with both Republicans and Democrats to modernize the power grid and speed the permitting process for liquefied natural gas exports. The bill passed 85-12. It attempts to protect the power grid from an expected rise in...

  • PARIS, April 19- French oil and gas company Total announced the creation of a gas, renewables and power division on Tuesday, which it said will help drive its ambition to become a top renewables and electricity trading player within 20 years. The new business division, to be led by a president with a seat on the company's executive committee, will take effect from...

  • WASHINGTON, April 19- The U.S. Supreme Court on Tuesday ruled against Maryland in its bid to revive a program to subsidize natural gas-fired electricity plant construction to serve the power needs of its residents in a case weighing state versus federal authority. Writing on behalf of the court in the 8-0 ruling, liberal Justice Ruth Bader Ginsburg said the...

  • WASHINGTON, April 19- The U.S. Supreme Court on Tuesday ruled against Maryland in its bid to revive a program to subsidize natural gas-fired electricity plant construction to serve the power needs of its residents in a case weighing state versus federal authority.

  • TOKYO, April 19- Glencore and Tohoku Electric Power set a Australian thermal coal import price 9 percent below last year, although the traditional benchmark for industry pricing appears to be breaking down, sources said on Tuesday. The contract price for the financial year beginning April 1 was set at $61.60 per tonne, down from $67.80 a year ago, four sources said,...

  • April 18- China's power consumption rose 5.6 percent in March from the previous year to 476.2 billion kilowatt-hours, figures from the National Energy Administration showed. The following is a breakdown of China's power consumption and other data for March, posted on the administration's website. For news and data on China's power market, please click.

  • TOKYO, April 18- Japan's atomic regulator on Monday said there is no need to shut down the country's only operating nuclear station on southwestern Kyushu island, where a series of quakes killed more than 40 people and damaged infrastructure. There were no safety issues at the Sendai nuclear station, which has two reactors and is about 120 kilometres...

  • FRANKFURT, April 15- Buyout group BC Partners is sounding out potential buyers for its German power transformer maker SGB-SMIT, four years after a sale to China's State Grid was halted by political intervention, three people familiar with the matter said. At the time, China's dominant state power grid builder and operator State Grid had been in exclusive talks...

  • BEIJING, April 15- China produced 294 million tonnes of coal in March, down 4.5 percent from a year ago amid state-led efforts to restrict production and tackle a supply glut. Prices at the port of Qinhuangdao in Hebei province have gained 5.4 percent so far in 2016, suggesting that China's efforts to curb supplies are having an impact, although the values are...

  • MUMBAI, April 14- SunEdison Inc is in talks to sell minority stakes in its Indian solar projects to Finland's Fortum, two sources said, as the U.S. firm seeks funds to finish proposed plants in India amid concerns about its finances at home. Fortum, a state-controlled utility, said on Tuesday it planned to invest 200- 400 million euros in solar projects in India and...

  • *Components can also be exported to other Europe. FRANKFURT, April 13- General Electric, fresh from taking on the offshore wind business of rival Alstom, is positioning itself in Germany's expanding offshore wind sector and looking at eastern Europe. "Onshore wind in eastern Europe and the Balkan countries is currently interesting, especially in Poland and...

  • *Surcharge of 6- 18 bln euros still under discussion. BERLIN, April 13- Utilities in Germany will have to set aside more money to cover the cost of storing nuclear waste, four sources in a government-appointed commission told Reuters, after a meeting on Wednesday failed to reach agreement on how much more. E.ON, RWE, EnBW and Vattenfall, Germany's "big four" power firms,...