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Utilities Electric Utilities

  • JOHANNESBURG, May 13- South Africa plans to sign new, more transparent nuclear power agreements with five foreign countries after a high court blocked a deal with Russia due to a lack of oversight, the energy ministry said on Saturday. South Africa signed intergovernmental agreements with Russia, France, China, South Korea and the United States in 2014 as part of...

  • JOHANNESBURG, May 13- South Africa's energy ministry will not appeal a high court ruling blocking an agreement with Russia to build nuclear power reactors but will sign revised pacts and continue with nuclear plans, it said in a statement on Saturday. South Africa signed intergovernmental agreements with Russia, France, China, South Korea and the United States...

  • JOHANNESBURG, May 13- South Africa's energy ministry will not appeal a high court ruling blocking an agreement with Russia to build nuclear power reactors but will sign revised pacts and continue with nuclear plans, it said in a statement on Saturday. South Africa signed intergovernmental agreements with Russia, France, China, South Korea and the United States...

  • *ANC calls reinstatement reckless but minister backs him. JOHANNESBURG, May 12- South Africa's state power company on Friday reinstated its former chief executive Brian Molefe just five months since he stepped down after being implicated in a report by the country's anti-graft watchdog into alleged influence-peddling. The return of Molefe, an ally of...

  • NEW YORK, May 11- Hedge fund Elliott Management Corp filed a lawsuit against Energy Future Holdings Corp on Thursday, claiming that the bankrupt power company has prevented it from pursuing better options for it as its $18.7 billion deal with NextEra Energy Inc falters. Elliott, Energy Future's largest creditor, wants to lay the groundwork for a plan of...

  • SOFIA, May 11- Bulgaria is seeking private investors to build a nuclear power plant on the Danube River, which was canceled five years ago, Prime Minister Boiko Borisov said during a phone call with Russian President Vladimir Putin on Thursday. Sofia canceled the Belene project in 2012 after failing to find foreign investors and under pressure from Brussels and...

  • SOFIA, May 11- Bulgaria is seeking private investors to build a nuclear power plant on the Danube River, which was canceled five years ago, Prime Minister Boiko Borisov said during a phone call with Russian President Vladimir Putin on Thursday. Sofia canceled the Belene project in 2012 after failing to find foreign investors and under pressure from Brussels and...

  • SOFIA, May 11- Bulgaria is seeking private investors to build a nuclear power plant on the Danube River, which was cancelled five years ago, Prime Minister Boiko Borisov said during a phone call with Russian President Vladimir Putin on Thursday. Sofia cancelled the Belene project in 2012 after failing to find foreign investors and under pressure from Brussels...

  • SOFIA, May 11- Bulgaria is seeking private investors to build a nuclear power plant on the Danube River, which was cancelled five years ago, Prime Minister Boiko Borisov said during a phone call with Russian President Vladimir Putin on Thursday. Sofia cancelled the Belene project in 2012 after failing to find foreign investors and under pressure from Brussels...

  • MILAN/ LONDON, May 11- Suspected Russia-backed hackers have launched exploratory cyber attacks against the energy networks of the Baltic states, sources said, raising security concerns inside the West's main military alliance, NATO. Lithuania, Latvia and Estonia, all members of NATO and the European Union, are on the political front line of tensions between the...

  • TOKYO, May 11- Japan's Tokyo Electric Power Co said on Thursday it will seek partners for its nuclear business as part of a recovery plan after the Fukushima disaster of six years ago brought the utility to its knees and put it under state control. Central to its efforts to boost profits and pay for the costs of the disaster is the restart of its Kashiwazaki-Kariwa...

  • May 10- Power producer Calpine Corp is exploring a sale and is working with investment bankers at Lazard Ltd to find possible buyers, the Wall Street Journal reported on Wednesday. Shares of Calpine, which generates electricity from natural gas and geothermal resources, soared as much as 18.1 percent to $11.89 in late afternoon trading. The company had a market...

  • SHANGHAI, May 10- China will force collieries to plant trees, boost efficiency, cut down noise and seal off facilities from the outside world as part of a new "green mining" plan aimed at curbing pollution, according to a policy document published on Wednesday. The documents, published in conjunction with the environment and finance ministries as well as China's...

  • FRANKFURT, May 9- German energy company E.ON is increasing efforts to win customers in Britain, it said on Tuesday, hoping to reverse a drop in profits in its toughest retail market where a looming cap on prices risks adding to its headaches. The main energy suppliers face growing competition in Britain and Prime Minister Theresa May has vowed to introduce a cap on...

  • Total operating expenses in the electric utilities and infrastructure segment fell 3.2 percent to $3.72 billion in the first quarter ended March 31, due to reduced storm restoration costs, the company said. Net income attributable to Duke Energy was $716 million, or $1.02 per share, in the quarter, from $694 million, or $1.01 per share, a year earlier.

  • FRANKFURT, May 9- Energy groups E.ON and EnBW are tearing down their nuclear plants at massive cost following Germany's decision to abandon nuclear power by 2022, but they are seeking to turn a burden into business by exporting their newfound dismantling skills. Germany is the only country in the world to dump the technology as a direct consequence of Japan's...

  • NEW YORK, May 8- Florida utility company NextEra Energy Inc asked Texas regulators on Monday to reconsider a decision that threatens to kill its roughly $18 billion bid to acquire bankrupt Energy Future Holding Corp, the majority owner of Oncor, Texas' largest power network. The three-member Public Utility Commission of Texas has until June 7 to respond to...

  • MELBOURNE, May 7- Battery makers worldwide are watching to see whether Australia's most wind power-dependent state can keep the lights on by installing grid-scale batteries by December, which could help drive the growth of renewable energy across Australia and Asia. If batteries help solve Australia's problems by storing surplus electricity generated by...

  • MELBOURNE, May 7- Dozens of companies from 10 countries are vying with Elon Musk's Tesla Inc to install Australia's largest grid-scale battery to help keep the lights on in the country's most wind-dependent state. Most submissions have been by Australia- based developers in tandem with international energy storage manufacturers, but there have also been...

  • OMAHA, Neb., May 5- Berkshire Hathaway Inc, the conglomerate run by billionaire investor Warren Buffett, reported a 27 percent decline in first-quarter profit on Friday, and said a loss from insurance underwriting contributed to operating results that fell short of forecasts. Net income fell to $4.06 billion, or $2,469 per Class A share, from $5.59 billion, or...