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Utilities Electric Utilities

  • Jan 24- U.S. liquefied natural gas exporters have shifted their focus to Southern Europe from Asia as cold weather and problems with Algerian gas supply have driven Europe's gas prices higher. Gas prices in Europe are at their highest premiums to U.S. gas prices for three years. Spain, Greece and Turkey would be other possible destinations for the LNG cargoes, said...

  • PARIS, Jan 24- The board of French state-controlled utility EDF has approved compensation for the planned closure of EDF's Fessenheim nuclear plant, two sources with knowledge of the matter said on Tuesday. The deciding ballot was then cast by EDF's Chief Executive Officer Jean-Bernard Levy, the source said. Some candidates in France's April and May...

  • SARAJEVO, Jan 23- A Chinese company began work on Monday on a $715 million expansion of a Serbian coal mine and a new power plant, part of a wave of investment in new coal-fired plants in the Balkans that is at odds with EU policy of reducing coal use. China Machinery and Engineering Corp's project to expand Kostolac, Serbia's second biggest coal mine, and build a new...

  • Its creation follows a series of controversial foreign investment rulings last year, when the government blocked Hong Kong and Chinese firms bidding for Ausgrid, the biggest power grid in the nation's most populous state, New South Wales, on national security grounds. The Chinese government subsequently labeled Australia "protectionist."

  • TORONTO, Jan 19- Canadian underwater energy storage company Hydrostor is eyeing $1 billion of contracts to replace decommissioned U.S. peak power plants in the next two or three years, its chief executive said. "We are now by far the lowest cost storage solution, we can be built at scale, we've got our partnerships in place and we're going to start marketing it here in...

  • NAIROBI, Jan 18- Africa's biggest wind power scheme, the Lake Turkana Wind Power project in Kenya, should be fully connected to the national electricity grid and producing power by the end of June, a director at the consortium building the project said on Wednesday. Of those, we have by tomorrow, 120 turbines fully connected to the substation and therefore ready to...

  • Elliott and Bluescape, which was founded by ex- TXU Corp. CEO John Wilder, said in a filing that NRG's shares were "deeply undervalued." NRG, an electric power company with headquarters in Princeton, New Jersey and Houston Texas, saw its stock rise 5.9 percent to $15.47 on the New York Stock Exchange on Tuesday. Wilder is credited with overhauling electric utility TXU...

  • ABU DHABI, Jan 16- Saudi Arabia will launch a renewable energy programme in coming weeks that is expected to involve investment of between $30 billion and $50 billion by 2023, Energy Minister Khalid al-Falih said on Monday. Falih, speaking at an energy industry event in Abu Dhabi, said Riyadh would start the first round of bidding within weeks for projects under...

  • ABU DHABI, Jan 16- Saudi Arabia will launch a renewable energy program in coming weeks that is expected to involve investment of between $30 billion and $50 billion by 2023, Energy Minister Khalid al-Falih said on Monday. Falih, speaking at an energy industry event in Abu Dhabi, said Riyadh would start the first round of bidding within weeks for projects under the...

  • Jan 12- New York Governor Andrew Cuomo this week proposed to develop up to 2,400 megawatts of offshore wind power by 2030 capable of powering 1.25 million homes as the state seeks to lead the nation in renewable energy production. The offshore wind proposals include Deepwater Wind's 90- MW South Fork project to be built about 30 miles southeast of Montauk that...

  • *Britain seeking projects to replace coal, nuclear. LONDON, Jan 12- Britain should go ahead with "cost effective" plans to build what would be the world's first tidal lagoon renewable power project, a government commissioned review said on Thursday. Britain needs to invest in major new infrastructure to replace aging coal and nuclear plants set to close in the 2020...

  • *Britain seeking projects to replace coal, nuclear. LONDON, Jan 12- Britain should go ahead with plans to build what would be the world's first tidal lagoon renewable power project, a government commissioned review said on Thursday. Britain needs to invest in major new infrastructure to replace aging coal and nuclear plants set to close in the 2020 s, and also needs...

  • SAO PAULO, Jan 11- Renova Energia SA's imminent sale of a wind farm project will likely prompt the Brazilian renewable power company to put on hold the search for a new partner for an undetermined period, a person with direct knowledge of the plan said on Wednesday. According to the person, the board of Cia Energética de Minas Gerais SA, Renova's largest...

  • Jan 11- Homer City Generation L.P., which owns three coal-fired electric power plants in the United States, filed for bankruptcy on Wednesday. NRG Energy Services will continue as the operator of Homer City's three plants, which are located near Pittsburgh, Pennsylvania and have an aggregate net capacity of 1,884 megawatts. The reorganization plan was...

  • WASHINGTON, Jan 11- The U.S. Interior Department on Wednesday recommended federal coal leasing reforms to ensure taxpayers receive the fair value of the fuel and account for its impact on climate change, but the incoming administration could derail those measures. Federal coal, primarily from Wyoming's Powder River Basin, accounts for more than 40 percent of...

  • WASHINGTON, Jan 10- The U.S. Nuclear Regulatory Commission on Tuesday unveiled a letter showing that 17 of the country's nuclear reactors have parts from Areva SA's Le Creusot forge in France, which is under investigation for allegedly falsifying documents on the quality of its parts. Last month authorities in France opened an investigation into decades of...

  • Jan 9- Entergy Corp's over 40- year old Indian Point nuclear power plant will be shut by 2021 because of concerns for the safety of millions of New Yorkers in and around the Big Apple, Governor Andrew Cuomo announced on Monday. New York has been developing contingency plans for years to replace the power supplied by Indian Point, which is located in Buchanan, along...

  • Jan 9- Entergy Corp's Indian Point nuclear power plant in New York state will shut down by April 2021, Governor Andrew Cuomo announced on Monday, due primarily to its proximity to the heavily populated New York City area. New York has been developing contingency plans for years to replace the power supplied by Indian Point, which is located in Buchanan, along the...

  • Jan 9- The Indian Point nuclear plant will shut down by April 2021, New York Governor Andrew Cuomo announced on Monday, under an agreement the state reached with Entergy Corp. It produces about 2,069 megawatts of electricity, enough to meet about 25 percent of the power used by New York City and adjacent Westchester County. Shares of Entergy were down 46 cents, or 0.6...

  • *LNG and coal imports to rise in Japan, China and South Korea. Analyst forecasts and utility order books show rising LNG and coal purchases to meet the electric heating demand in North Asia's biggest energy consumers of China, Japan and South Korea and their economic hubs. Many people in Japan and South Korea use city gas for heating in their homes, "said Boseok Jin, an...