Utilities Electric Utilities

  • LOS ANGELES— Swaths of public land in the California desert will be opened to solar and wind farms under a federal plan released Wednesday that preserves much of the landscape for conservation and recreation. The long-awaited blueprint finalized by the U.S. Interior Department after a yearslong process seeks to balance renewable energy development and...

  • Sept 14- The Canadian crude-producing province of Alberta said on Tuesday it will support the creation of 5,000 megawatts of additional renewable energy capacity by 2030 to help achieve goals laid out in its climate plan last year. Shannon Phillips, Minister of Environment and Parks, said Alberta now has a firm target of 30 percent of electricity used in the...

  • COPENHAGEN, Sept 14- A Danish political watchdog on Wednesday asked the national audit office to investigate the role of key parties involved in the share market flotation of offshore wind farm developer DONG Energy, including Goldman Sachs. The sale meant the Wall Street bank doubled an 8 billion- crown investment made just two and a half years earlier, fueling...

  • LONDON/ PARIS, Sept 14- Theresa May could announce as soon as Thursday whether Britain will go ahead with a $24 billion nuclear power project, laying down a marker on energy policy and her approach to investment from China. Hours before a deal was due to be signed in July, the new prime minister stunned investors by putting it on hold. May said she needed time to assess...

  • Sept 14- Power plant operator American Electric Power said it would sell four of its power plants with a total capacity of about 5,200 MW for about $2.17 billion as it focuses on its regulated power business. American Electric said a joint venture of Blackstone Group LP and ArcLight Capital Partners LLC would buy the plants, three of which are in Ohio and one in...

  • Sept 14- Power plant operator American Electric Power said it would sell four of its power plants with a total capacity of about 5,200 MW for about $2.17 billion to a newly formed joint venture. The company said a joint venture of Blackstone Group LP and ArcLight Capital Partners LLC would buy the plants, three of which are in Ohio and one in Indiana.

  • NRG Energy has won the auction for bankrupt renewable power plant developer SunEdison's wind and solar projects in Texas and other states.

  • LONDON, Sept 12- State-controlled South Korean electric power utility KEPCO is closing in on investing in a 10 billion-pound project in Britain to construct a new nuclear power plant near Sellafield, northwest England, the Financial Times said on Monday, citing sources close to the negotiations. The Korea Electric Power Corporation has resumed talks about...

  • CHICAGO, Sept 12- Houston- based NRG Energy Inc has won the auction for bankrupt renewable power plant developer SunEdison Inc' s wind and solar projects in Texas and other states with a $144 million bid, according to a court filing. The sale is one of several that SunEdison, once the fastest-growing U.S. renewable energy company, is holding since filing for Chapter...

  • NEW YORK, Sept 12- General Electric Co is partnering with Mexican national power company CFE to help improve the efficiency of its electrical system, the leader of GE's power business said on Monday. Under a two-year agreement, GE will provide software and data analysis to CFE, Steve Bolze, chief executive officer of GE Power, said in an interview.

  • Under a two-year agreement, GE will provide software and data analysis to CFE, Steve Bolze, chief executive officer of GE Power, said in an interview.

  • PARIS/ LONDON, Sept 12- South Korean power utility KEPCO is in talks with Japan's Toshiba and France's Engie about buying a stake in the Toshiba-Engie British nuclear joint venture NuGen, a source familiar with the situation told Reuters on Monday. The Financial Times on Monday reported KEPCO had resumed talks about joining the 10 billion-pound NuGen project...

  • LONDON, Sept 12- State-controlled South Korean electric power utility KEPCO is closing in on investing in a 10 billion-pound project in Britain to construct a new nuclear power plant near Sellafield, northwest England, the Financial Times said on Monday, citing sources close to the negotiations. NuGen, a joint venture between Toshiba's U.S.-based nuclear...

  • Solar farm and wind turbines near Palm Springs, CA.

    Solar installations rose 43 percent in the quarter, as sharp gains in large projects for utilities offset slowing growth in residential systems.

  • BEIJING, Sept 9- China has reduced its coal production capacity by 150 million tonnes in the first eight months of the year, representing 60 percent of its 2016 target for capacity cuts, state media said on Friday citing the state planner. Any increases would be pulled if prices fall below trigger levels respectively at 460 yuan, 470 yuan and 490 yuan also for as long...

  • JOHANNESBURG, Sept 8- Eskom has linked up unit five of its Medupi coal power station to the grid, the Ministry of Public Enterprises said on Thursday, as part of the state-controlled company's drive to overcome South Africa's chronic electricity shortages. "Over the past 18 months, we have seen 1,800 MW being added to the grid and the new build program will add 8,600...

  • FRANKFURT, Sept 8- When Germany's top utility E.ON lists its power generation and energy trading business Uniper next Monday, investors known as index trackers with about a quarter of the shares will sell, that much is clear. "We will see jittery investors on the first day that will seek to sell Uniper, that's quite clear," E.ON Chief Executive Johannes Teyssen said...

  • MUNICH, Sept 7- Swedish utility Vattenfall plans to more than triple its offshore wind power by 2025 as costs fall, part of its transformation to a renewable energy company. Vattenfall will bid in the Kriegers Flak tender in Denmark in the autumn and will hire 150 more staff in wind power over the next 12 months, Groebler told Reuters in an interview.

  • *China, India, Vietnam, Indonesia cut back. OSLO, Sept 7- The amount of coal-fired power generation under development worldwide has shrunk by 14 percent this year, driven down by China as it struggles with oversupply and tries to promote cleaner energy, a study showed on Wednesday. China had the biggest drop in its pre-construction pipeline by far, of 114 GW to a total...

  • HANGZHOU, China, Sept 4- British Prime Minister Theresa May said on Sunday she wanted her security advisers to help review a delayed nuclear power investment from China- a source of diplomatic tension- as she arrived for a G20 summit. May upset Chinese officials in July by delaying a $24 billion project that would see French firm EDF build Britain's first new...