Utilities Electric Utilities

  • Tesla Motors CEO Elon Musk reveals a Tesla Energy battery for businesses and utility companies during an event in Hawthorne, Calif., April 30, 2015.

    Baird estimates Tesla's new battery storage product is 30 percent more cost efficient than the competition's.

  • COPENHAGEN, Dec 30- A spate of last-minute orders from the United States has put Danish wind turbine maker Vestas on track for its highest contract intake in six years and eased some investors' concerns over U.S. energy policy under the incoming Trump administration. But Vestas' share price, which had more than doubled since the beginning of 2016, came under...

  • Dec 29- After years of running flat out, U.S. Gulf Coast refiners are lining up repairs to plants in 2017- but facing a severe labor shortage that could delay work, drive up costs and raise accident risks. "Putting off work definitely affects the safety of the refinery," said Ed Lee, an independent refinery safety consultant who worked at Royal Dutch Shell for three...

  • Dec 28- Toshiba Corp's claim that it is owed $2.15 billion by Chicago Bridge& Iron Co NV hinges on how an independent auditor will calculate the net working capital of a U.S. nuclear power plant construction business that CB&I sold to Toshiba's Westinghouse unit last year. How much CB&I stands to be paid by Toshiba, or owes to Toshiba, depends on how they calculate...

  • *Follows $1.3 bln accounts scandal, $2 bln charge for nuclear biz. TOKYO/ NEW YORK, Dec 27- Toshiba Corp said it may have to book several billion dollars in charges related to a U.S. nuclear power plant construction company acquisition, sending its stock tumbling 12 percent and rekindling concerns about its accounting acumen. Toshiba's latest writedown would be...

  • TOKYO, Dec 27- Tokyo Electric Power is gauging demand for its first bond offering since the 2011 Fukushima nuclear calamity, with some market participants expecting a sale as early as February, sources familiar the plans said. While the size of the sale has not been decided, potential maturities being discussed are three-, five- and ten-years, bankers and investors...

  • TOKYO, Dec 27- Toshiba Corp said it may book a goodwill impairment loss of several hundreds of billion yen on a U.S. nuclear power acquisition- a shock warning that sent it stock tumbling 12 percent and rekindled concerns about its accounting acumen. Potential losses reported by domestic media have ranged from 100 billion yen to 500 billion yen.

  • TOKYO, Dec 27- Toshiba Corp said on Tuesday it may book a goodwill impairment loss of several hundreds of billion yen on a U.S. nuclear power acquisition made by its Westinghouse division, sending its stock tumbling 12 percent. Potential losses reported by domestic media have ranged from 100 billion yen to 500 billion yen. Such a loss would deal another heavy blow...

  • *Follows $1.3 bln accounting scandal last year. TOKYO, Dec 27- Toshiba Corp said on Tuesday it was considering booking a goodwill impairment loss of several hundreds of billion yen on a U.S. nuclear power acquisition made by its Westinghouse division, sending its stock plunging 10 percent. After the deal was completed, CB&I sued Westinghouse over how working...

  • NEW YORK, Dec 24- When six executives of Platinum Partners, including founder Mark Nordlicht, were arrested on Monday on federal charges of running a more than $1 billion hedge fund fraud, people who had long alleged they were harmed by the New York- based firm felt some vindication. One such person is Houston- based energy entrepreneur John Hoffman.

  • COPENHAGEN, Dec 21- Danish utility and wind farm developer DONG Energy, whose listing in June was one of the biggest IPOs globally this year, raised its full-year earnings forecast on Wednesday, helped by the sale of a stake in its UK offshore wind farm. The increase in guidance was partly triggered by the sale of a 50 percent in the 573 megawatt Race Bank wind farm in...

  • TOKYO, Dec 21- Japan on Wednesday formally pulled the plug on an $8.5 billion nuclear power project designed to realize a long-term aim for energy self-sufficiency after decades of development that yielded little electricity but plenty of controversy. Those like most other nuclear stations in Japan remain closed pending safety reviews or decisions on...

  • TOKYO, Dec 21- Japan on Wednesday formally pulled the plug on an $8.5 billion nuclear power project designed to realize a long-term aim for energy self-sufficiency after decades of development that yielded little electricity but plenty of controversy. Those like most other nuclear stations in Japan remain closed pending safety reviews or decisions on...

  • SEOUL, Dec 20- South Korea's latest nuclear reactor started commercial operations on Tuesday, bringing the total number of reactors in Asia's fourth-largest economy to 25.. The 1,400- megawatt Shin Kori No.3, located near the city of Busan, over 300 km southeast of Seoul, is designed to run for 60 years, Korea Hydro& Nuclear Power Co Ltd said in a statement.

  • FRANKFURT, Dec 16- Wind turbine blade maker TPI Composites aims to increase its sales by a quarter each year for the next few years, its chief executive told Reuters, as demand for wind power around the world continues to escalate. TPI holds a 6 percent share of the global wind blade market and counts four of the top 10 turbine makers- General Electric, Spain's Gamesa,...

  • President-elect Donald Trump to kill the centerpiece of President Barack Obama's strategy to combat climate change and shut down coal-fired power plants. The group, headed by West Virginia Attorney General Patrick Morrisey and Texas Attorney General Ken Paxton, suggests Congress take action to prevent the Environmental Protection Agency from drafting...

  • Dec 15- A year after Congress extended generous tax credits for renewable energy projects, the U.S. wind industry is thriving. "We're making a pivot now away from solar," Southern Chief Executive Tom Fanning told a meeting with Wall Street analysts in October. The most popular wind power tax credit, which lasts for ten years, is worth 2.3 cents for every kilowatt-hour...

  • Dec 15- A year after Congress extended generous tax credits for renewable energy projects, the U.S. wind industry is thriving. "We're making a pivot now away from solar," Southern Chief Executive Tom Fanning told a meeting with Wall Street analysts in October. The most popular wind power tax credit, which lasts for ten years, is worth 2.3 cents for every kilowatt-hour...

  • TOKYO, Dec 15- The Japanese government and a Hitachi Ltd unit will compile a package worth around 1 trillion yen for a UK nuclear power plant project, a government official involved in the project said on Thursday. The Japan Bank for International Cooperation and the Development Bank of Japan will provide financing for the project, the official told Reuters.

  • TOKYO, Dec 15- The Japanese government and a Hitachi Ltd unit will compile a package worth around 1 trillion yen for a UK nuclear power plant project, a government official involved in the project said on Thursday. The Japan Bank for International Cooperation and the Development Bank of Japan will provide financing for the project, the official told Reuters.