Utilities Electric Utilities

  • PARIS, May 3- General Electric wants to become a major player in the offshore wind industry and is interested in buying the Areva-Gamesa offshore joint venture Adwen, GE's new head of renewables said on Tuesday. Following its takeover of the energy assets of the French group Alstom, GE in November 2015 created a global renewable energy business unit with sales of...

  • Net income attributable to Duke fell to $694 million, or $1.01 per share, in the first quarter ended March 31, from $864 million, or $1.22 per share, a year earlier. Total operating revenue fell 7.3 percent to $5.62 billion. Duke sells power to 7.3 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.

  • NEW DELHI, May 3- Plans by India's coal monopoly to buy billions of dollars of new machinery and outsource work are facing resistance from powerful unions worried about job losses, in a potential blow to Prime Minister Narendra Modi's promise to bring electricity to all. The increase turned coal shortages at India's power plants to oversupply, making it one of...

  • KITAKYUSHU, Japan, May 2- Countries that plan to build coal-fired power plants need to reassess their energy strategy because such facilities may not be a viable investment, the head of the International Renewable Energy Agency said on Monday. Many industry analysts see natural gas and renewables as the biggest growth sectors in energy, yet most Asian...

  • *Japan aims to avoid pitfalls of Germany's market opening. TOKYO/ FRANKFURT, April 29- Four weeks into Japan's power market shakeup aimed at boosting choice and energy security, the utility at the centre of the 2011 nuclear crisis has borne the brunt of consumer defections, with nearly 470,000 users switching electricity providers. Japan's reforms mark the...

  • LONDON, April 29- Electric utilities should undergo stress tests to show how their business models are in line with limiting global warming, a global network of investors said on Friday. In a guide published on Friday, a network of more than 270 institutional investors with assets worth more than 20 trillion euros said they were concerned that utilities'...

  • April 28- Energy Futures Holdings Corp's plan to sell its Oncor power distribution business for about $19 billion to fund its exit from bankruptcy will not close as expected, a company lawyer told a U.S. While Oncor is considered a crown jewel asset, the Public Utility Commission of Texas imposed conditions for approving the deal that have discouraged the...

  • DUBAI, April 28- International Finance Corporation, the World Bank's private sector investment arm, said on Thursday it had arranged $375 million in financing for an Iraqi power company to provide electricity to millions of people in Kurdistan and Baghdad. The investment in Kurdistan will help boost infrastructure in a part of Iraq that is struggling...

  • 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.

  • Tesla Motors' Model 3, a $35,000 electric car with a minimum range of 215 miles per charge, will start production in 2017, CEO Elon Musk said.

  • Tesla debuts the Model 3 electric car

    Anna-Marie Baisden, head of autos analysis at BMI Research, talks about the challenges facing Tesla as it brings its latest electric car to market.

  • Challenges facing energy companies

    Mark Lewis, managing director at Barclays, talks about the challenges facing utility companies in the energy sector.

  • Dividend cuts were inevitable: Fund manager

    Toby Thompson, fund manager at Brooks Macdonald Funds, says dividend cuts by commodities companies such as Rio Tinto were sensible.

  • 2015 was a good year: Iberdrola CEO

    Ignacio Galán, chairman and CEO of Iberdrola, discusses his company's earnings and conditions in the Spanish economy.

  • Future of electricity

    Steve Bolze, GE Power & Water president & CEO, weighs in on global power needs and the massive capital needed to build out the infrastructure.

  • Harvesting solar from the skies

    Next PV wants to capture solar energy with balloons.

  • A world where the grid goes down

    Southern Company President, Chairman and CEO Thomas Fanning, weighs in on whether a situation where the power grid goes down is realistic in the U.S.

  • The idea behind cycling for free electricity

    Manoj Bhargava, founder and CEO of Living Essentials, explains how his Free Electric bikes help to power whole households.

  • Will a new UK power station fill the energy gap?

    Paul Dorfman, senior research assiocate at the Energy Institute in University College London, criticises the plans for a new U.K. nuclear power station because it could be too expensive and take too long to build.

  • Duke Energy CEO:  We can absorb rate hike

    Lynn Good, Duke Energy CEO talks with CNBC's Kate Kelly about her tenure at the company and how a rate hike will impact the cost of capital.