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Electric Utilities

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  • TOKYO, July 15- Solar, wind and other forms of renewable energy besides hydro-electric dams now supply more electricity than nuclear in Japan, China, India and five other major economies accounting for about half the world's population, an atomic industry report shows. This is one of the main observations of the World Nuclear Industry Status Report 2015, a draft...

  • BEIJING, July 15- China churned out 327 million tonnes of coal in June, down 4.9 percent from the same period last year, despite rising seasonal power demand, with major producers slashing output to minimise losses, data from the country's statistics bureau showed. Production in the first six months reached 1.789 billion tonnes, down 5.8 percent compared with the...

  • JOHANNESBURG, July 10- The Nigerian government's ambitions for improving electricity supplies are "not remotely realistic", a report by experts advising the presidency says, an early blow to one of President Muhammadu Buhari's most important reform promises. Chronic power shortages are one of the biggest constraints on investment and growth in Africa's...

  • *Toshiba set for profit writedowns, may seek credit line- sources. TOKYO, July 9- An independent investigation of Toshiba Corp's accounting irregularities is looking at the role played by top officials, people familiar with the matter said, a move that could force a management overhaul at the Japanese conglomerate. Toshiba has been unable to close its books for...

  • Japan's June average LNG spot price at $7.60/mmBtu Thursday, 9 Jul 2015 | 12:42 AM ET

    TOKYO, July 9- Liquefied natural gas spot prices for buyers in Japan, the world's top consumer, averaged $7.60 per million British thermal units in June, the same as in April, trade ministry data showed on Thursday. Japan's Ministry of Economy, Trade and Industry did not publish average LNG spot price for May due to a lack of sufficient trades, the sign of tepid global...

  • *Toshiba considering selling part of Westinghouse stake- sources. TOKYO, July 9- Toshiba Corp, which is expected to write down profits due to an accounting scandal, is considering selling assets including part of its stake in Westinghouse Electric, sources with knowledge of the matter said on Thursday. Toshiba may need to mark down past earnings by over 100...

  • SAN FRANCISCO, July 7- Facebook Inc announced plans on Tuesday to build a new data center in Fort Worth, Texas, its fourth in the United States and fifth overall. The center will also be powered entirely by renewable energy, Tom Furlong, Facebook's vice president of infrastructure, wrote in a blog post. Facebook opened its first data center in Prineville, Oregon, in...

  • Facebook to build new data center in Forth Worth Tuesday, 7 Jul 2015 | 1:55 PM ET

    SAN FRANCISCO, July 7- Facebook Inc announced plans on Tuesday to build a new data center in Fort Worth, Texas, its fourth in the United States and fifth overall. The center will also be powered entirely by renewable energy, Tom Furlong, Facebook's vice president of infrastructure, wrote in a blog post. Facebook opened its first data center in Prineville, Oregon, in...

  • July 6- TerraForm Power Inc, a unit of SunEdison Inc, said it would buy 930 megawatt of wind farms in the United States and Canada from Invenergy Wind LLC for $2 billion. TerraForm's shares rose 3.5 percent to $38.86 in extended trading, while SunEdison's shares rose 3.2 percent to $29.90. The remaining 470 MW will be acquired by a new warehouse facility sponsored by...

  • July 6- TerraForm Power Inc, a unit of SunEdison Inc, said it would buy 930 megawatt of wind power plants from Invenergy Wind LLC for $2 billion. Under the deal, TerraForm will acquire seven contracted wind farms in the United States and Canada, the company said on Monday. The deal is expected to close in the fourth quarter.

  • *Battery storage still too expensive in most of Europe. NICE, France, July 5- A major pilot project by Europe's largest power network operator to integrate power from rooftop solar panels into the grid has shown that battery storage of renewable energy is not yet economically viable in Europe. The 30 million euro "Nice Grid" pilot is one of the biggest in a European...

  • BERLIN, July 2- Germany has abandoned plans for a levy on coal-fired power plants but will reduce brown-coal power generation to safeguard its 2020 carbon-reduction targets, coalition leaders agreed on Thursday. The plans, which follow months of wrangling within Angela Merkel's government, were welcomed by industry but condemned by environmental groups...

  • BERLIN, July 2- The German government decided on Thursday to order the shutdown of several coal-fired plants in order to reach its ambitious climate goals by 2020, government sources told Reuters. Chancellor Angela Merkel and the leaders of her two junior coalition parties also settled a dispute over high-voltage power lines which are planned to carry green...

  • UPDATE 1-Puerto Rico bonds fall sharply for second day Tuesday, 30 Jun 2015 | 12:00 PM ET

    NEW YORK, June 30- Puerto Rico's bonds fell sharply for a second straight session on Tuesday, a day after the island's governor said he wanted to restructure debt and postpone bond payments for years, as investors speculated about which classes of the securities were most at risk. Almost 10 percent of municipal bonds that traded Monday were Puerto Rico- related,...

  • WASHINGTON, June 30- The United States and Brazil pledged on Tuesday to increase their share of renewable energy in electricity generation from sources other than hydro-power to 20 percent by 2030 in an effort to show commitment to fighting climate change. "This is a big deal," White House senior advisor Brian Deese told reporters on Tuesday, noting the renewable...

  • *TAQA is only listed quasi-sovereign firm in Abu Dhabi. ABU DHABI/ DUBAI, June 30- Abu Dhabi may merge its national energy company into another state-owned business to make the company's crippling debts more manageable and try to turn around its performance, sources familiar with the matter told Reuters. Billions of dollars were spent on assets, with Canada and...

  • FRANKFURT, June 30- German utilities hope the government will drop a plan to slap carbon levies on coal-fired power plants on Wednesday, but compensating the companies to move aging capacity to a reserve scheme instead would create new problems. Economy minister Sigmar Gabriel has said that in coalition talks on Wednesday he will consider an alternative.

  • WASHINGTON, June 29- The Supreme Court on Monday dealt a blow to a sweeping U.S. air pollution regulation aimed primarily at curbing emissions of mercury from coal-fired power plants by ruling that the Obama administration wrongly failed to consider compliance costs. "EPA is disappointed that the court did not uphold the rule, but this rule was issued more than...

  • PRETORIA, June 29- South Africa's energy regulator rejected on Monday a request from cash-strapped utility Eskom to raise tariffs, and the state-owned power company said it would consult with the government on alternative ways of funding. Eskom, which provides virtually all of South Africa's electricity, is scrambling to repair its aging power plants and...

  • "EPA is disappointed that the court did not uphold the rule, but this rule was issued more than three years ago, investments have been made and most plants are already well on their way to compliance," the agency said in a statement. The EPA "remains committed to ensuring that appropriate standards are in place to protect the public from the significant amount of...