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Electric Utilities

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  • "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...

  • WASHINGTON, June 29- The U.S. Supreme Court on Monday invalidated a key Obama administration environmental regulation aimed at limiting emissions of mercury and other hazardous pollutants mainly from coal-fired power plants. The court sent the case back to the U.S. Court of Appeals for the District of Columbia Circuit, which will then ask the EPA to reconsider...

  • WINNIPEG, Manitoba, June 26- Canada has selected a group of engineering and management firms, including SNC-Lavalin Group Inc, to operate a government-owned nuclear laboratory that is one the world's biggest sources of medical isotopes. The selected group also includes Rolls-Royce Civil Nuclear Canada Ltd, CH2M HILL Canada Ltd, Fluor Government...

  • June 25- Texas' largest power company, Energy Future Holdings Corp, has scrapped a bankruptcy exit plan centered on the sale of its multibillion dollar power line stake and instead will pursue a reorganization, the company said in an internal memo on Thursday. The Luminant power generating business and its TXU retail utility would be spun off to the senior...

  • NEW YORK, June 25- Brazil's state-run oil company, Petroleo Brasileiro Petrobras SA, urged a U.S. judge on Thursday to throw out an investors' class action lawsuit over its multibillion-dollar bribery scandal. Speaking at a hearing in federal court in New York, Petrobras lawyer Roger Cooper blamed the fraud on a handful of individuals and said the company could...

  • LAUNCESTON, Australia, June 25- Is India's Adani Mining preparing to walk away from its A $10 billion coal project in Australia's Queensland state, or upping the ante in trying to speed up approvals for the huge project? Adani surprised industry observers by confirming on Wednesday it had halted engineering work on its Carmichael coal project in the frontier...

  • CURITIBA, Brazil, June 24- Brazilian federal police are investigating foreign companies that may have paid bribes to obtain contracts with state-run oil firm Petrobras but were not part of a suspected cartel of local engineering firms, an agent said on Wednesday. A lead prosecutor in the case, Carlos Fernando dos Santos Lima, told Reuters on Tuesday more than a...

  • CURITIBA, Brazil, June 23- Brazil's biggest corruption investigation could spread to its largest electric utility, Eletrobras, and more than a dozen foreign companies, a lead prosecutor said on Tuesday, in a sign of further turbulence for the country's business and political establishment. Carlos Fernando dos Santos Lima said a scheme similar to one set up as...

  • LONDON, June 23- Global greenhouse gas emissions from the power sector are expected to peak in 2029 and then start falling, but will still be some way above levels needed to limit temperature rise, research showed on Tuesday. Overall, around $12.2 trillion will be invested in global power generation between 2015 and 2040. Renewables will account for two thirds of...

  • KUALA LUMPUR, June 23- Malaysia's Tenaga Nasional Bhd plans to raise as much as 10 billion ringgit in an Islamic bond issue, sources familiar with the matter said- a move that comes after it agreed to buy debt-laden 1 MDB's majority stake in a power plant project. Tenaga, Malaysia's national utility in which state investor Khazanah is the biggest shareholder, is...

  • Moment of truth nears for nuclear waste time bomb Friday, 19 Jun 2015 | 8:06 AM ET

    Finland and Sweden hope to be the first countries in the world to be able to put the most dangerous high-level waste into underground storage in the next decade, using a new technology to encase fuel rods and protect them from erosion. Finland stopped exporting spent fuel for reprocessing to the then Soviet Union in 1996, and does not accept imports.

  • WASHINGTON, June 15- The Pentagon's top arms provider and firms partly funded by Silicon Valley billionaires Bill Gates and Paul Allen are among dozens of companies collectively betting more than $1.3 billion that a new wave of nuclear power can be a force to fight climate change. Advanced nuclear power plants, which will employ techniques such as using fuels...

  • WASHINGTON, June 15- The Pentagon's top arms provider and firms partly funded by Silicon Valley billionaires Bill Gates and Paul Allen are among dozens of companies collectively betting more than $1.3 billion that a new wave of nuclear power can be a force to fight climate change. Advanced nuclear power plants, which will employ techniques such as using fuels...

  • SHANGHAI, June 13- China's Premier Li Keqiang reaffirmed the government's commitment to achieve peak carbon emissions by "around 2030", the State Council said in a statement issued late on Friday. Li, at a meeting of the State Council's National Leading Group on Climate Change, also said it would impose a "tough limit" on the expansion of heavily polluting and...

  • TOKYO, June 12- Japan's environment ministry is pushing back on the growing use of coal to generate power after the Fukushima nuclear disaster led to the shutdown of the nation's reactors, as concerns mount over greenhouse gas emissions. Environment Minister Yoshio Mochizuki said on Friday he will submit an objection to the powerful industry ministry over...

  • MINNEAPOLIS, June 12- By all rights wages should be soaring in Minnesota, a Midwestern state that boasts one of the best educated and well-paid workforces in the United States and where the unemployment rate stands at a 14- year low. But explain that to Bernie Hesse, projects director for the United Food and Commercial Workers Union. Retail workers, who account for...

  • *China fixed-asset investment growth at 15- yr low in May. BEIJING, June 11- China's ailing economy showed few signs of improvement in May, with factory output steadying but investment growing at its slowest rate in nearly 15 years, pointing to further weakness unless Beijing ramps up its stimulus efforts. That led some analysts to predict growth could cool...

  • June 10- 8 point3 Energy Partners LP, formed by solar companies First Solar Inc and SunPower Corp, said it expects its initial public offering to be priced between $19 and $21 per share. The offering of 20 million Class A shares is expected to raise about $420 million and value 8 point3 at about $1.49 billion at the top end of the expected price range.

  • *SMA Solar says deal will contribute to earnings from 2016. FRANKFURT, June 10- Germany's SMA Solar and engineering company Siemens have teamed up to equip utility-scale solar parks with technology to link them to power grids in an effort to benefit from rising global demand for photovoltaics. With Siemens' help, Germany's biggest solar company by sales aims to...

  • NUSA DUA, Indonesia, June 10- The coal industry always seems to be looking for a white knight to rescue it from some crisis, and it is perhaps ironic that Indonesia, the world's largest exporter, is the next great hope that is to save global miners from the current supply glut. The theory is that as Indonesia ramps up domestic coal-fired power generation, it will rotate...