×

Utilities Electric Utilities

  • The Association of American Railroads said on Wednesday that the number of rail cars loaded with coal in February increased over 19 percent compared with the same month in 2016, the biggest percentage gain on record, according to AAR data to 1988.. "While it's an impressive gain, February 2017 was, unfortunately, also the second worst February in absolute terms...

  • The Association of American Railroads said on Wednesday that the number of rail cars loaded with coal in February increased over 19 percent compared with the same month in 2016, the biggest percentage gain on record, according to AAR data to 1988.. "While it's an impressive gain, February 2017 was, unfortunately, also the second worst February in absolute terms...

  • *Disappointments from Capita, Travis Perkins weigh. By Kit Rees and Helen Reid. LONDON, March 2- European shares paused for breath on Thursday after a strong rally in the previous session, though there were sharp gains from Britain's Melrose and Norway's Subsea after well-received results.

  • *STOXX 600 down 0.2 pct. *Disappointments from Capita, Travis Perkins weigh. LONDON, March 2- European shares edged back on Thursday after a strong rally in the previous session, though there were strong gains from Britain's Melrose and Norway's Subsea after well-received results.

  • PARIS, March 2- French gas and power group Engie said it had booked 3.8 billion euros worth of impairments due to low power prices and higher nuclear provisions in Belgium, although 2016 current earnings were in line with expectations. Engie said the impairments included 1.9 billion euros related to power production activities in merchant markets in Europe, 1...

  • Since the start of the year, gas futures have collapsed by 30 percent to around $2.774 per million British thermal units from a two-year high of $3.994 on Dec. 28. Futures averaged $3.58 per mmBtu in December 2016, $3.29 in January 2017 and $2.91 in February 2017, compared with $2.04 in December 2015, $2.23 in January 2016 and $1.93 in February 2016.

  • JOHANNESBURG, March 1- Thousands of coal truck drivers descended on South Africa's capital Pretoria on Wednesday to protest against the country's renewable energy programme, after President Jacob Zuma expressed support for the sector last month. Coal is used to generate the lion's share of South Africa's power supply and job cuts are a particularly thorny...

  • China and India are major growth markets: CLP CEO

    Richard Lancaster, CEO of CLP Group, talks about the company's renewable energy portfolio in the Indian and Chinese markets.

  • In an auction conducted by state-controlled Solar Energy Corporation of India for various wind projects totalling 1 gigawatt, five companies separately quoted a tariff of 3.46 rupees per unit to win the projects. "After solar cost reduction below 3 rupees/ unit, wind power cost down to 3.46 rupees/ unit through transparent auction," India's coal, power and...

  • SAO PAULO, Feb 22- State-run oil company Petroleo Brasileiro SA has alerted Brazil's electricity sector regulator that it would not supply natural gas for a new thermoelectric power plant under construction in the Amazon region. In a letter to regulator Aneel seen by Reuters, Petrobras said it would not sign a contract with state-led power utility Centrais...

  • Feb 21- U.S. solar company First Solar Inc raised its 2017 sales forecast due to the timing of the sale of a major project, but said a large facility in Arizona had been canceled due to opposition to its location on tribal lands. First Solar raised its 2017 net sales forecast to $2.8 billion to $2.9 billion from $2.5 billion to $2.6 billion. First Solar said the more...

  • SYDNEY, Feb 22- Fed up with unpredictable and often exorbitant electricity prices, Sun Metals CEO Yun Birm Choi plans to invest A $183 million to build a massive solar farm to power his zinc refinery in the Australian outback. The decision by Sun Metals, owned by Korea Zinc Co, to turn to solar comes as Australia grapples with more frequent power failures and...

  • Feb 21- Wall Street is pushing back against a proposed rule to force U.S. banks like Goldman Sachs Group Inc to hold more capital against investments in commodities, placing what some see as an overly restrictive limit on banks' ties to the sector. The comment letter, filed by the Securities Industry and Financial Markets Association and the Institution of...

  • Feb 21- Canadian energy company Veresen Inc said on Tuesday it would sell its power generation business, its largest division, for $1.18 billion in three separate deals. The Calgary- based company, which owns energy infrastructure assets in Canada and the United States, said it would sell the division and use the proceeds to fund growth projects.

  • CALGARY, Alberta, Feb 17- Enbridge Inc, Canada's largest pipeline company, reported a smaller than expected quarterly profit on Friday, and also announced a C $1.7 billion investment in a North Sea windfarm. Closer to home, Calgary- based Enbridge said a deal to buy Spectra Energy Corp is on track to close this quarter after it obtained U.S. antitrust approval for the...

  • TOKYO, Feb 17- Japan's liquefied natural gas buyers are upending the traditional practices of the market, using their leverage as the world's biggest buyers of the fuel to wrestle concessions for more flexible terms. Japan's electric utilities have won provisions that will allow them to divert contracted LNG cargoes if they restart their nuclear reactors,...

  • Feb 16- Duke Energy Corp, the biggest U.S. power company by generation capacity, posted a quarterly loss, stemming from the sale of its international business last year. Net loss attributable to the Duke Energy was $227 million, or 33 cents per share, in the fourth quarter ended Dec. 31, compared with a profit of $477 million, or 69 cents per share, a year earlier.

  • KIEV, Feb 15- Ukraine on Wednesday accused Russian hackers of targeting its power grid, financial system and other infrastructure with a new type of virus that attacks industrial processes, the latest in a series of cyber offensives against the country. Oleksandr Tkachuk, Ukraine's security service chief of staff, said at a press conference that the attacks...

  • HOUSTON, Feb 14 (Reuters)- Storms packing heavy rains, lashing winds and tornadoes hit the Houston metropolitan area on Tuesday, ripping roofs off homes, blowing windows out of frames and leaving tens of thousands of people without power. Two tornadoes were reported to have touched down in Fort Bend County, about 30 miles (50 kms) southwest of Houston, causing damage...

  • *Raises questions over UK Moorside project. LONDON, Feb 14- The future of Britain's new Moorside nuclear plant was thrown into doubt on Tuesday after Japan's Toshiba Corp, which is developing the project with France's Engie, said it planned to pull out of the construction work. "It's a pretty challenging time and it's difficult anyway to work out how to make nuclear...