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Utilities Electric Utilities

  • *France relies on nuclear for three-quarters of its power. PARIS, Nov 8- France could impose power cuts this winter due to an electricity shortage, an unprecedented step in the wealthy nation which would expose the vulnerabilities of its dependence on nuclear power. France relies on nuclear for three-quarters of its power, more than any other country.

  • ANKARA, Nov 8- Turkey expects the first unit of its planned $20 billion Akkuyu nuclear power plant, being built in collaboration with Russia, to be online by the end of 2023, energy minister Berat Albayrak said on Tuesday. President Tayyip Erdogan has said that work on the Akkuyu project, in southern Turkey, would be accelerated after Russia and Turkey restored...

  • *France relies on nuclear for three-quarters of its power. PARIS, Nov 8- France could impose power cuts this winter due to an electricity shortage, an unprecedented step in the wealthy nation which exposes the vulnerabilities of its dependence on nuclear power. France relies on nuclear for three-quarters of its electricity, more than any other country.

  • The relevant facts for coal: that China aims to cap total generation at 1,100 gigawatts by 2020, which is 14.6- percent higher than the previous plan that aimed to limit coal generation to 960 GW. Alternatively, this is actually good news as it means China will be using a smaller share of coal in its generation mix, with coal-fired capacity dropping to 55 percent of...

  • BEIJING, Nov 8- China's exports and imports fell more than expected in October, with weak domestic and global demand adding to doubts that a pick-up in economic activity in the world's largest trading nation can be sustained. Indeed, China's imports of iron ore, crude oil, coal and copper all fell in October, after its robust demand drove global prices of many major...

  • The relevant facts for coal: that China aims to cap total generation at 1,100 gigawatts by 2020, which is 14.6- percent higher than the previous plan that aimed to limit coal generation to 960 GW. Alternatively, this is actually good news as it means China will be using a smaller share of coal in its generation mix, with coal-fired capacity dropping to 55 percent of...

  • In order to help the Australian government meet its 2020 renewable energy target, AGL- Australia's second-largest energy retailer- announced in July that it had set up a fund to develop 1,000 MW of renewables capacity, about 20 percent of the country's target. Vesey said Australia's challenge in moving to a low-carbon energy system is how to make room for new...

  • HANOI, Nov 7- Irish wind and solar firm Mainstream Renewable Power on Monday said it had agreed to build and operate wind projects in Vietnam worth a total of over $2.2 billion, as the country looks for new energy sources to meet soaring demand. It added that it would partner with GE Energy Financial Services and local firm Phu Cuong Group in its main Vietnam project,...

  • MELBOURNE, Nov 7- Chinese demand for uranium is expected to nearly double to 9,800 tonnes per year by 2020 from the end of 2015, although a near-term supply glut will keep prices depressed, said the head of a unit of state-owned China National Nuclear Corporation. But Wang Ying, chief executive of CNNC International, told the IMARC mining conference in Melbourne,...

  • *Morocco's Noor solar plant will be among world's biggest. OUARZAZATE, Morocco, Nov 5- On the edge of the Sahara desert, Morocco is building one of the world's biggest solar power plants in a project largely funded by the European Union. Morocco is showcasing Noor before talks among almost 200 nations in Marrakesh about implementing a global deal to combat climate...

  • KADUNA, Nigeria, Nov 4- Nigeria's northern Kaduna state is close to agreeing a $625 million deal with an Indian consortium to build a light railway and also plans two new power plants, its governor said. "This is going to be funded by the Indian Exim bank, $625 million. The governor, one of the most high-profile members of the ruling All Progressives Congress party, said...

  • The regulated utilities unit serves Florida, Ohio, Kentucky, Tennessee, Indiana and North and South Carolina in the Southeastern and Midwest regions of the United States. The company, which has been cutting its exposure to volatile power prices in wholesale markets, agreed in October to sell its businesses in Brazil, Peru, Chile, Ecuador, Guatemala, El Salvador and...

  • Nov 4- Duke Energy Corp, the largest U.S. power company by generation capacity, reported a 26.2 percent rise in quarterly profit on Friday, as warmer summer temperatures in the South Eastern and Midwest United States pushed up electricity sales. Net income attributable to the company rose to $1.18 billion, or $1.70 per share, in the third quarter ended Sept. 30, from...

  • WASHINGTON, Nov 4- Republican presidential nominee Donald Trump has won over the U.S. coal industry by promising to revive the downtrodden sector and scrap regulations if elected. But the industry has a Plan B if the New York businessman loses to his more green-minded Democratic rival Hillary Clinton on Tuesday: carbon capture and storage, a technology that...

  • TOKYO, Nov 4- Forced into action by falling customers due to market liberalization and a shrinking population, Japan's utilities are ditching old long-term coal and gas supply contracts in favor of more short-term, opportunistic trading. It could also help Japan, the world's biggest LNG buyer and the No.3 importer of thermal coal, meet its goal of becoming an LNG...

  • PARIS, Nov 3- The global renewable solar industry is facing a new crisis due to over-capacity and low demand, Patrick Pouyanne, Chief Executive of French oil and gas giant Total said on Thursday. Frankly, when you see prices under 30 cents per kilowatt hour, I don't understand. He said it was too early for governments to cut subsidies to the sector, adding that China had...

  • *Cold last winter, hot summer have hit China coal stocks. BEIJING/ SINGAPORE, Nov 2- As the first major cold snap of the winter grips northern China this week, utilities are desperately trying to overcome a shortage of the coal they need to produce power as customers crank up heating to fight the chill. The rush for foreign coal used to make electricity showed no sign of...

  • Home Depot trucks sits parked in a parking lot at a Home Depot store in Daly City, California.

    Home Depot slashed its stores' carbon footprint by using Bloom Energy fuel cell servers and it will partner with Southern Company to cut further.

  • Supplying electricity to the Philippines' 7,500 islands

    Meralco PowerGen's Aaron Domingo talks about power supply security and renewable energy in the Philippines.

  • Storm workers are heroes: Southern Co. CEO

    Tom Fanning, Southern Company CEO, discusses the latest efforts to restore power to those affected by Hurricane Matthew.