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Utilities Electric Utilities

  • Dec 12- Privately held power developer Deepwater Wind said on Monday that commercial operations had begun at its Block Island Wind Farm, which will deliver electricity into New England' s grid. This will be the United States' first offshore wind farm and will supply most of the power on Block Island, Rhode Island, according to the company's website.

  • *China coal demand' in structural and slow decline'-IEA. LONDON, Dec 12- Growth in global coal demand will slow over the next five years due to lower consumption in China and the United States and as renewable energy sources gain ground, the International Energy Agency said on Monday. "In China, coal demand is in structural and slow decline driven by a new economic...

  • LONDON, Dec 12- Growth in global coal demand will slow over the next five years due to lower consumption in China and the United States and as renewable energy sources gain ground, the International Energy Agency said on Monday. The IEA said last year that the world's top coal consumer, China, could be facing peak coal demand for the first time due to measures to cap...

  • WASHINGTON, Dec 9- Scott Pruitt, Donald Trump's pick to head the U.S. Environmental Protection Agency, has fought President Barack Obama's measures to curb climate change at every turn as attorney general of Oklahoma. That is because a little-used law called the Congressional Review Act allows Congress to erase such' midnight' rules with a simple majority vote,...

  • BEIJING, Dec 8- China General Nuclear Power Corp announced on Thursday that its French subsidiary has acquired part of Irish renewable energy company Gaelectric's wind portfolio:. *Paris- based CGN Europe Energy SAS bought 230 MW of wind energy assets from Gaelectric Holdings plc, CGN said in a statement. In September it bought Belgium's largest onshore wind...

  • TOKYO, Dec 8- Japan's Nikkei share average closed at the highest level since last December on Thursday as upbeat Chinese trade data boosted sentiment, while Tepco shares soared on news Japan will increase an interest-free loan related to its Fukushima costs. Risk appetite got a boost after China reported upbeat trade figures with exports and imports both...

  • TOKYO, Dec 8- Japan's Nikkei share average rose on Thursday, fueled by a further rise on Wall Street, but a stronger yen kept gains in check. On Wednesday, the Dow Jones industrial average and the S&P 500 hit fresh records as equities continued their march upward after the last month's vote for Donald Trump as U.S. president-elect. "The fizz has waned," said Stefan...

  • SYDNEY, Dec 8- London copper futures edged up on Thursday after losses the session before, while Shanghai copper lost more ground on mounting concerns a recent rally pinned on strong physical demand was overstretched. *The most-traded copper contract on the Shanghai Futures Exchange slipped 1.38 percent to 47,270 yuan a tonne. *Asian shares hopped higher on...

  • SANTIAGO, Dec 7- Mining companies in Chile, by far the world's largest copper producer, are examining their energy contracts to see if they can renegotiate terms to incorporate now-cheaper renewable power, company sources say. The moves could also imply major cost savings for Chile's copper industry, which spends around 20 percent of overhead on energy,...

  • Dec 2- Windpower developer Deepwater Wind said on Friday its 30- megawatt wind farm located offshore from Block Island, Rhode Island, has completed the testing phase and is expected to start commercial operations in a few days. Deepwater, which is principally owned by an entity of investment firm D.E. Shaw Group, said it is currently finalizing operations...

  • LONDON, Dec 2- Energy companies have ploughed more than 1 billion euros into startups as they accelerate their search for innovative new technologies to help defend market share in the face of radical industry change. Total Energy Ventures Amount invested to date: 150 million euros. Engie New Ventures Total fund size: around 150 million euros.

  • *Energy firms lost $26 bln in 2015 on unprofitable power plants. LONDON, Dec 2- Europe's biggest energy companies have ploughed more than 1 billion euros into startups, according to Reuters calculations, with several deals announced in the past month as they accelerate a quest for new technologies to outpace rivals. Taking a leaf out of Silicon Valley's playbook,...

  • Cuba currently produces 96 percent of its energy with fossil fuels, around 60 percent of which are imported. That they will continue to pay homage to the old guy but it is time to move forward, "said energy policy and Cuba specialist Jonathan Benjamin-Alvara at the University of Nebraska. He has advised U.S. energy companies interested in Cuba under the opening...

  • Cuba currently produces 96 percent of its energy with fossil fuels, around 60 percent of which are imported. That they will continue to pay homage to the old guy but it is time to move forward, "said energy policy and Cuba specialist Jonathan Benjamin-Alvara at the University of Nebraska. He has advised U.S. energy companies interested in Cuba under the opening...

  • SYDNEY, Dec 1- BHP Billiton said on Thursday that its Olympic Dam copper mine was without power for four hours due to a blackout in the state of South Australia. That marks the second time in two months that Australia's second-biggest copper mine has been brought to a standstill over power issues. "Olympic Dam's latest outage shows Australia's investability and...

  • *Greenpeace says plan to block new investment in renewables. PARIS, Nov 30- European utilities welcomed long-awaited power market reform proposals on Wednesday, hoping a framework to subsidise fossil fuel plants and plans to wind down a key support for renewable energy could turn the page on years of crisis. The European Commission's 1,000- page draft reform "...

  • AMSTERDAM, Nov 29- The days of the European conglomerate may be numbered, as activist shareholders are pressing diversified groups to spin off secondary businesses and focus on doing one thing well. "I think demergers and the destruction of conglomerates is the next major trend in the M&A market," said Christer Gardell, co-founder of Cevian, a Swedish-based...

  • AMSTERDAM, Nov 29- The days of the European conglomerate may be numbered, as activist shareholders are pressing diversified groups to spin off secondary businesses and focus on doing one thing well. "I think demergers and the destruction of conglomerates is the next major trend in the M&A market," said Christer Gardell, co-founder of Cevian, a Swedish-based...

  • AMSTERDAM, Nov 29- The days of the European conglomerate may be numbered, as activist shareholders are pressing diversified groups to spin off secondary businesses and focus on doing one thing well. "I think demergers and the destruction of conglomerates is the next major trend in the M&A market," said Christer Gardell, co-founder of Cevian, a Swedish-based...

  • BUDAPEST, Nov 28- Central European equities mostly eased on Monday as a drop in crude oil prices hit energy shares while worries over Italian banks ahead of the country's looming referendum hurt the financial sector. Prague's main stock index was down 0.4 percent by 1518 GMT, with Erste Bank shares falling by 1.8 percent. Warsaw's blue-chip index fell by 1...