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Utilities Electric Utilities

  • NRG Energy has won the auction for bankrupt renewable power plant developer SunEdison's wind and solar projects in Texas and other states.

  • LONDON, Sept 12- State-controlled South Korean electric power utility KEPCO is closing in on investing in a 10 billion-pound project in Britain to construct a new nuclear power plant near Sellafield, northwest England, the Financial Times said on Monday, citing sources close to the negotiations. The Korea Electric Power Corporation has resumed talks about...

  • CHICAGO, Sept 12- Houston- based NRG Energy Inc has won the auction for bankrupt renewable power plant developer SunEdison Inc' s wind and solar projects in Texas and other states with a $144 million bid, according to a court filing. The sale is one of several that SunEdison, once the fastest-growing U.S. renewable energy company, is holding since filing for Chapter...

  • NEW YORK, Sept 12- General Electric Co is partnering with Mexican national power company CFE to help improve the efficiency of its electrical system, the leader of GE's power business said on Monday. Under a two-year agreement, GE will provide software and data analysis to CFE, Steve Bolze, chief executive officer of GE Power, said in an interview.

  • Under a two-year agreement, GE will provide software and data analysis to CFE, Steve Bolze, chief executive officer of GE Power, said in an interview.

  • PARIS/ LONDON, Sept 12- South Korean power utility KEPCO is in talks with Japan's Toshiba and France's Engie about buying a stake in the Toshiba-Engie British nuclear joint venture NuGen, a source familiar with the situation told Reuters on Monday. The Financial Times on Monday reported KEPCO had resumed talks about joining the 10 billion-pound NuGen project...

  • LONDON, Sept 12- State-controlled South Korean electric power utility KEPCO is closing in on investing in a 10 billion-pound project in Britain to construct a new nuclear power plant near Sellafield, northwest England, the Financial Times said on Monday, citing sources close to the negotiations. NuGen, a joint venture between Toshiba's U.S.-based nuclear...

  • Solar farm and wind turbines near Palm Springs, CA.

    Solar installations rose 43 percent in the quarter, as sharp gains in large projects for utilities offset slowing growth in residential systems.

  • BEIJING, Sept 9- China has reduced its coal production capacity by 150 million tonnes in the first eight months of the year, representing 60 percent of its 2016 target for capacity cuts, state media said on Friday citing the state planner. Any increases would be pulled if prices fall below trigger levels respectively at 460 yuan, 470 yuan and 490 yuan also for as long...

  • JOHANNESBURG, Sept 8- Eskom has linked up unit five of its Medupi coal power station to the grid, the Ministry of Public Enterprises said on Thursday, as part of the state-controlled company's drive to overcome South Africa's chronic electricity shortages. "Over the past 18 months, we have seen 1,800 MW being added to the grid and the new build program will add 8,600...

  • FRANKFURT, Sept 8- When Germany's top utility E.ON lists its power generation and energy trading business Uniper next Monday, investors known as index trackers with about a quarter of the shares will sell, that much is clear. "We will see jittery investors on the first day that will seek to sell Uniper, that's quite clear," E.ON Chief Executive Johannes Teyssen said...

  • MUNICH, Sept 7- Swedish utility Vattenfall plans to more than triple its offshore wind power by 2025 as costs fall, part of its transformation to a renewable energy company. Vattenfall will bid in the Kriegers Flak tender in Denmark in the autumn and will hire 150 more staff in wind power over the next 12 months, Groebler told Reuters in an interview.

  • *China, India, Vietnam, Indonesia cut back. OSLO, Sept 7- The amount of coal-fired power generation under development worldwide has shrunk by 14 percent this year, driven down by China as it struggles with oversupply and tries to promote cleaner energy, a study showed on Wednesday. China had the biggest drop in its pre-construction pipeline by far, of 114 GW to a total...

  • HANGZHOU, China, Sept 4- British Prime Minister Theresa May said on Sunday she wanted her security advisers to help review a delayed nuclear power investment from China- a source of diplomatic tension- as she arrived for a G20 summit. May upset Chinese officials in July by delaying a $24 billion project that would see French firm EDF build Britain's first new...

  • LONDON, Sept 3- Prime Minister Theresa May will not announce her keenly awaited decision on a partly-Chinese funded nuclear power project in the coming days, a British official said on Saturday as May flew to China to meet President Xi Jinping at her first G20 summit. May will make her major international summit debut on Sunday after Britain's shock vote in June...

  • BANGKOK, Sept 2- Thailand's second largest private power producer, Electricity Generating Pcl, said on Friday it expected 2016 operating profit of 8 billion baht, up from last year due to rising capacity at home and abroad. EGCO runs 23 power plants with an installed capacity of 4,049 MW in Thailand, Laos, the Philippines, Indonesia and Australia.

  • Conditions deteriorated as Hurricane Hermine was making landfall, packing winds of 80 mph with several areas in Florida already reporting 5 inches of rain and media reported about 270,000 households had been left without power. Hermine, expected to become the first hurricane to make landfall in Florida since Wilma in 2005, also posed a Labor Day weekend...

  • Power producers burned 1,011 billion cubic feet of gas in June 2016, a record for the month of June and an increase of 9 percent compared with the same month in 2015. The number of gas-fired power plants in service increased by just 11, or 1.2 percent, between June 2015 and June 2016. Combined-cycle plants produced 64.4 percent of their maximum potential in June...

  • Power producers burned 1,011 billion cubic feet of gas in June 2016, a record for the month of June and an increase of 9 percent compared with the same month in 2015. The number of gas-fired power plants in service increased by just 11, or 1.2 percent, between June 2015 and June 2016. Combined-cycle plants produced 64.4 percent of their maximum potential in June...

  • Aug 28- Hedge fund manager D.E. Shaw& Co LP is weighing a bid for SunEdison Inc's controlling stake in TerraForm Power Inc, the bankrupt U.S. renewable energy producer's most valuable asset, according to people familiar with the matter. Shaw's emergence as a possible bidder for TerraForm Power indicates that the potential sale process for the so-called "Class B"...