Utilities Electric Utilities

  • NEW YORK, Sept 22- Federal and state prosecutors on Thursday announced charges against 10 men, including two onetime senior advisers to New York Governor Andrew Cuomo, in corruption and fraud cases involving state contracts worth hundreds of millions of dollars. Joseph Percoco, a former executive deputy secretary to the governor; Alain Kaloyeros, president of...

  • Andrew Cuomo once likened to a brother was among eight men arrested Thursday in a bribery and fraud case that threatens to tarnish Cuomo's efforts to spur the upstate economy and darken a reputation that until now has been spared from a federal prosecutor's anti-corruption crusade. Some of the most serious allegations in a Manhattan federal court criminal...

  • *Coal would have to rise to $100/ mt for LNG to compete. The use of natural gas- when not supported by government policies- has typically been hampered in countries such as China, Indonesia and Vietnam by cheap coal as they seek the cheapest means possible to energize their emerging economies. "I don't think are large enough to incentivise people to switch from coal to...

  • *India looking to source more energy from nuclear sector. NEW DELHI, Sept 22- India is negotiating with U.S. Export-Import Bank for an $8- 9 billion loan to finance six Westinghouse Electric nuclear reactors, two sources familiar with the talks said, although a lending freeze at the trade agency threatens progress. The mega-project, the result of warming U.S.-...

  • TOKYO, Sept 21- Japan is likely to scrap a prototype fast-breeder nuclear reactor in the country's west that has operated for less than a year in over two decades, local media reported on Wednesday. More than 1 trillion yen of mostly public money has been injected into the Monju facility, but Japan's nuclear regulator last year declared its operator unfit...

  • WASHINGTON, Sept 20- The United States could alleviate growing stockpiles of nuclear waste at U.S. power plants by allowing private companies to dispose of it and foster support for new nuclear projects, U.S. The U.S. government spent billions of dollars on the Yucca Mountain project in Nevada that was supposed to store nuclear waste permanently underground,...

  • *Renewables competitive in Africa vs expensive diesel. PARIS, Sept 20- French renewable energy producer Voltalia plans to more than double its installed capacity and is considering a capital increase, its CEO said. With a market value of 245 million euros Voltalia is a relatively small player compared to French market leader EDF, but it is 85 percent owned by...

  • SHANGHAI, Sept 20- China's nuclear developers must seek the consent of local stakeholders before going ahead with new projects, according to draft rules published by the country's cabinet on Monday. "Japan's Fukushima accident once again created doubt about the safety of nuclear power among the public, and also caused feelings of fear and opposition to occur...

  • LITTLE ROCK, Ark.— Cosmetics maker L'Oreal USA announced Tuesday it is building thousands of solar panels at its manufacturing facilities in Kentucky and Arkansas, a move the company says will help cut carbon emissions and create two of the biggest solar-powered projects in each state. The company said the Kentucky project will be the largest commercial solar...

  • STOCKHOLM, Sept 19- Swedish utility Vattenfall aims to sell its new coal-fired plant in Moorburg, Germany, some time in the next five years, its chief executive said on Monday. State-owned Vattenfall earlier this year agreed to sell other, loss-making, lignite coal mines and power plants in Germany to Czech investor EPH, saying it would become one of the greenest...

  • WASHINGTON— The World Trade Organization has ruled against India and delivered a victory to American companies that make solar batteries and equipment. Rejecting India's appeal of a February ruling, the Geneva- based trade group said Friday that India violated world trade rules by requiring solar-power companies use made-in- India equipment when they sell...

  • *Westinghouse expects to build tens more in China. LONDON, Sept 16- Toshiba-owned nuclear reactor manufacturer Westinghouse expects to connect its first 1,000 megawatt medium-sized nuclear reactor to the grid in China early in 2017 and sees the country building a fleet of them in coming years. Four AP1000s are under construction in China, and when the first...

  • *Westinghouse expects to build tens more in China. LONDON, Sept 16- Toshiba-owned nuclear reactor manufacturer Westinghouse expects to connect its first 1,000 megawatt medium-sized nuclear reactor to the grid in China early in 2017 and sees the country building a fleet of them in coming years. Four AP1000s are under construction in China, and when the first...

  • By approving Hinkley Point on Thursday, the UK government cleared the way for GE to begin building two 1,770- megawatt Arabelle steam turbines and generators capable of powering six million homes and supplying about 7 percent of the UK's power generation needs for 60 years, GE said. The UK decision "confirms our technology leadership and it also confirms that...

  • BUDAPEST/ WARSAW, Sept 16- Polish state-run energy firms led Warsaw stocks lower on Friday, bucking the trend in Central Europe, after news they plan to jointly buy French power group EDF's local heating companies. A government drive to increase its influence in businesses including banks has helped make the Warsaw bourse the region's worst performer after...

  • *UK ends weeks of uncertainty, smoothes Chinese, French ties. *Project offers insight into how UK could operate post-Brexit. LONDON, Sept 15- Britain gave the go-ahead for a $24 billion nuclear power plant on Thursday, ending weeks of uncertainty that had strained ties with China, which will help pay for it, and France, which will build it.

  • *South Africa wants to mine uranium, not enrich it. LONDON, Sept 15- A massive nuclear tender in South Africa is open to all bidders prepared to manufacture locally and share technology, and Russia is not the frontrunner, the head of the country's nuclear agency said. After meetings between Russian President Vladimir Putin and South African President Jacob Zuma,...

  • LONDON, Sept 15- Britain gave the go-ahead for a $24 billion nuclear power plant on Thursday, ending weeks of uncertainty that strained ties with China and France but also signalling a more cautious approach to foreign investment in critical infrastructure projects. Prime Minister Theresa May's government said it would proceed with the Hinkley Point C...

  • *Britain will be able to block sale of EDF's controlling stake. LONDON, Sept 15- Britain gave the go-ahead on Thursday for a $24 billion nuclear power plant, ending weeks of uncertainty that strained ties with China and France but also signalling a more cautious approach to foreign investment in critical infrastructure projects. The government of new Prime...

  • LONDON, Sept 15- The inclusion of new investment controls in the government's approval for a new French-built, Chinese-backed nuclear plant in Britain will enhance the project's security, a spokesman for Prime Minister Theresa May said on Thursday. He said the project was a "good deal" for consumers and would help secure Britain's energy supply for decades.