Utilities Electric Utilities

  • *3,500 MW of projects planned in Africa but progress slow. SANTHIOU MEKHE, Senegal, Aug 4- In an expanse of sand 60 miles north of Senegal's capital, two men set to work digging up tree stumps to clear space for what could soon be the biggest solar plant in West Africa. In less than a year, says developer Senergy PV SA, this shrubby lot will be covered with 96,000 gleaming...

  • Aug 4- Duke Energy Corp, the biggest U.S. power company by generation capacity, reported a 6.3 percent fall in quarterly profit, hurt by an impairment charge related to certain assets in Central America. Net income attributable to the company fell to $509 million, or 74 cents per share, in the second quarter ended June 30, from $543 million, or 78 cents per share, a year...

  • The development of utility-scale projects in the United States had slowed after Obama Administration's Clean Power Plan was stayed in federal courts earlier this year. That helped the company's revenue rise 4.3 percent to $934.4 million, which beat analysts average estimate of $862.7 million, according to Thomson Reuters I/B/E/S. Net income tumbled 85.7...

  • *Britain delayed decision hours after EDF board approved plan. PARIS, Aug 3- EDF Chief Executive Jean-Bernard Levy knew the British government wanted to take more time to review the Hinkley Point nuclear contract before the French utility's board voted to approve the investment, he said in a letter to top executives. Board members at their meeting on July 28 were...

  • *Britain delayed decision hours after EDF board approved plan. PARIS, Aug 3- EDF Chief Executive Jean-Bernard Levy knew the British government wanted to take more time to review the Hinkley Point nuclear contract before the French utility's board voted to approve the investment, he said in a letter to top executives. Board members at their meeting on July 28 were...

  • Aug 2- After four rocky years as a publicly traded company in the volatile renewable energy sector, SolarCity Corp may now be wading into an equally uncertain future. With a tentative agreement to be purchased by its sister company, Tesla Motors Inc, SolarCity is going all in on a strategy that some analysts say is ahead of its time: pairing solar systems with the...

  • Aug 1- New York state energy regulators on Monday approved a plan to pay several upstate nuclear power plants up to $965 million over two years to keep the reactors in service and meet the state's carbon reduction goals. Several nuclear plants in New York and across the country may have to shut over the next few years because power prices are lower than reactor...

  • Aug 1- New York energy regulators on Monday approved a plan to pay several upstate nuclear power plants up to $965 million over two years to keep the reactors in service and meet the state's carbon reduction goals. The New York Public Service Commission approved the proposed Clean Energy Standard, which requires that 50 percent of the state's power will come...

  • *China says it hopes Britain can proceed with Hinkley deal. LONDON/ BEIJING, Aug 1- Britain said on Monday that it wanted closer ties with China but resisted pressure from Beijing to sign off on a $24 billion nuclear power project that was delayed at the last minute by Prime Minister Theresa May. China "hopes that Britain can reach a decision as soon as possible, to...

  • LONDON, Aug 1- French utility EDF and its Chinese partner China General Nuclear Corporation agreed last year to make a series of investments in nuclear power generation in Britain. Britain and EDF first reached a broad commercial agreement on the project at Hinkley Point in southwest England in 2013. The government announced China's involvement last year...

  • BEIJING, Aug 1- China on Monday called for Britain to proceed with a nuclear power plant project partly invested in by a Chinese firm, saying the project had firm support from London, after Britain's new government said it would review it again. "I would like to stress that this project was agreed upon by China, Britain and France in the spirit of mutual benefit and...

  • BEIJING, Aug 1- China will not tolerate "unwanted accusations" about its investments in Britain, a country that cannot risk driving away other Chinese investors as it looks for post-Brexit trade deals, China's official Xinhua news agency said on Monday. Xinhua, in an English-language commentary, said China understood and respected Britain's requirement for...

  • The plan by France's EDF to build two new reactors with financial backing from a Chinese state-owned firm was championed by May's predecessor David Cameron as a sign of Britain's openness to foreign investment. But just hours before a signing ceremony was due to take place on Friday, May's new government said it would review the project again, raising doubts...

  • SHANGHAI, July 30- China General Nuclear Power Corp on Saturday said it respects the decision of the new British government to review a nuclear power project in which it would hold a major stake, according to a statement on the company's official microblog. China's foreign ministry did not answer questions faxed by Reuters, referring further questions to...

  • The British government announced on Friday it would review the Hinkley Point C project just hours after the builder, French state-owned utility EDF, voted to approve it, delaying a final decision on the plan just weeks after Britain's vote to leave the European Union ushered in a new prime minister. The Hinkley Point reactor project, which would provide an...

  • WASHINGTON, July 29- New York state and nuclear power have never been best friends, but the state is expected to decide as soon as Monday on a proposed subsidy plan that could furnish the rest of the country with a model for saving a struggling industry while reducing carbon emissions. Five plants in states from Florida to California have shut since 2013 and many...

  • July 29- Power producer NextEra Energy Inc said it agreed to buy bankrupt Texas power company Energy Future Holdings Corp's stake in Oncor Electric Delivery Co in a deal valued at about $18.4 billion. The deal will give NextEra access to the largest network of power lines in Texas. NextEra said the agreement to buy Energy Future would be filed in a Delaware court...

  • July 29- Power producer NextEra Energy Inc said it agreed to buy bankrupt Texas power company Energy Future Holdings Corp's stake in Oncor Electric Delivery Co in a deal valued at about $18.4 billion. The deal will give NextEra access to the largest network of power lines in Texas. NextEra said the agreement to buy Energy Future would be filed in a Delaware court...

  • *UK government to review plan by early autumn. Fall in UK power price makes project more expensive. LONDON, July 29- Britain has cast doubt on a $24 billion project with French utility EDF to build the UK's first new nuclear plant in decades, delaying a final decision on the plan just weeks after the Brexit vote ushered in a new prime minister.

  • July 29- Power producer NextEra Energy Inc said it agreed to buy Energy Future Holdings Corp as well as the bankrupt Texas power company's stake in Oncor Electric Delivery Co in a deal with an enterprise value of about $18.4 billion. The deal will give NextEra access to Oncor, the operator of the largest network of power lines in Texas which it had tried to acquire...