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Utilities Electric Utilities

  • *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.

  • COPENHAGEN, Dec 21- Danish utility and wind farm developer DONG Energy, whose listing in June was one of the biggest IPOs globally this year, raised its full-year earnings forecast on Wednesday, helped by the sale of a stake in its UK offshore wind farm. The increase in guidance was partly triggered by the sale of a 50 percent in the 573 megawatt Race Bank wind farm in...

  • TOKYO, Dec 21- Japan on Wednesday formally pulled the plug on an $8.5 billion nuclear power project designed to realize a long-term aim for energy self-sufficiency after decades of development that yielded little electricity but plenty of controversy. Those like most other nuclear stations in Japan remain closed pending safety reviews or decisions on...

  • TOKYO, Dec 21- Japan on Wednesday formally pulled the plug on an $8.5 billion nuclear power project designed to realize a long-term aim for energy self-sufficiency after decades of development that yielded little electricity but plenty of controversy. Those like most other nuclear stations in Japan remain closed pending safety reviews or decisions on...

  • SEOUL, Dec 20- South Korea's latest nuclear reactor started commercial operations on Tuesday, bringing the total number of reactors in Asia's fourth-largest economy to 25.. The 1,400- megawatt Shin Kori No.3, located near the city of Busan, over 300 km southeast of Seoul, is designed to run for 60 years, Korea Hydro& Nuclear Power Co Ltd said in a statement.

  • FRANKFURT, Dec 16- Wind turbine blade maker TPI Composites aims to increase its sales by a quarter each year for the next few years, its chief executive told Reuters, as demand for wind power around the world continues to escalate. TPI holds a 6 percent share of the global wind blade market and counts four of the top 10 turbine makers- General Electric, Spain's Gamesa,...

  • President-elect Donald Trump to kill the centerpiece of President Barack Obama's strategy to combat climate change and shut down coal-fired power plants. The group, headed by West Virginia Attorney General Patrick Morrisey and Texas Attorney General Ken Paxton, suggests Congress take action to prevent the Environmental Protection Agency from drafting...

  • Dec 15- A year after Congress extended generous tax credits for renewable energy projects, the U.S. wind industry is thriving. "We're making a pivot now away from solar," Southern Chief Executive Tom Fanning told a meeting with Wall Street analysts in October. The most popular wind power tax credit, which lasts for ten years, is worth 2.3 cents for every kilowatt-hour...

  • Dec 15- A year after Congress extended generous tax credits for renewable energy projects, the U.S. wind industry is thriving. "We're making a pivot now away from solar," Southern Chief Executive Tom Fanning told a meeting with Wall Street analysts in October. The most popular wind power tax credit, which lasts for ten years, is worth 2.3 cents for every kilowatt-hour...

  • TOKYO, Dec 15- The Japanese government and a Hitachi Ltd unit will compile a package worth around 1 trillion yen for a UK nuclear power plant project, a government official involved in the project said on Thursday. The Japan Bank for International Cooperation and the Development Bank of Japan will provide financing for the project, the official told Reuters.

  • TOKYO, Dec 15- The Japanese government and a Hitachi Ltd unit will compile a package worth around 1 trillion yen for a UK nuclear power plant project, a government official involved in the project said on Thursday. The Japan Bank for International Cooperation and the Development Bank of Japan will provide financing for the project, the official told Reuters.

  • Areva notified the U.S. Nuclear Regulatory Commission last week that a review of paperwork "anomalies" at its Le Creusot facility in France "has not found any safety concerns," NRC spokesman David McIntyre said on Wednesday. France's Nuclear Safety Authority, or ASN, requested a probe of Le Creusot in early May after a flaw was discovered in the vessel of a reactor...

  • Areva notified the U.S. Nuclear Regulatory Commission last week that a review of paperwork "anomalies" at its Le Creusot facility in France "has not found any safety concerns," NRC spokesman David McIntyre said on Wednesday. France's Nuclear Safety Authority, or ASN, requested a probe of Le Creusot in early May after a flaw was discovered in the vessel of a reactor...

  • PARIS, Dec 14- French utility EDF's board has approved the partial sale of RTE, the company's high-voltage power grid unit, to state bank Caisse des Depots, the companies said in a statement. The sale of RTE is part of EDF's plan to sell about 10 billion euros worth of assets by 2020, in an effort to reduce debt and free funds for the utility's 18 billion-pound project...

  • ABIDJAN, Dec 14- A consortium led by Africa- focused power producer Endeavor Energy began building a $552 million, 200- megawatt power plant in Ghana on Wednesday, it said in a statement. Amandi Energy has agreed a 25- year Power Purchase Agreement with the Electricity Company of Ghana. The U.S. government's Overseas Private Investment Corporation, as well as the...

  • PARIS, Dec 14- French utility EDF's board has approved the partial sale of the firm's high-voltage power grid unit RTE to state bank Caisse des Depots, a source familiar with the situation said. The sale of RTE is part of EDF's plan to sell about 10 billion euros worth of assets by 2020 in a bid to reduce debt and free up funds for the utility's 18 billion pound project...

  • PARIS, Dec 14- EDF's board has approved the partial sale of the French state-controlled utility's high-voltage power grid to state bank Caisse des Depots, a source familiar with the situation said on Wednesday. "The partial sale of RTE has been approved by a majority of the board," the source said. In July, EDF had entered exclusive talks with state-owned bank Caisse...

  • LAUNCESTON, Australia, Dec 14- When it comes to China's coal production, is it more important that output in November recorded yet another decline year-on-year, or that it rose for a second straight month? October's coal output was 281.85 million tonnes, meaning that in volume terms China mined 26.25 million tonnes more in November. The logical conclusion on...

  • LAUNCESTON, Australia, Dec 14- When it comes to China's coal production, is it more important that output in November recorded yet another decline year-on-year, or that it rose for a second straight month? October's coal output was 281.85 million tonnes, meaning that in volume terms China mined 26.25 million tonnes more in November. The logical conclusion on...