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Electric Utilities

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  • TOKYO, June 12- Japan's environment ministry is pushing back on the growing use of coal to generate power after the Fukushima nuclear disaster led to the shutdown of the nation's reactors, as concerns mount over greenhouse gas emissions. Environment Minister Yoshio Mochizuki said on Friday he will submit an objection to the powerful industry ministry over...

  • MINNEAPOLIS, June 12- By all rights wages should be soaring in Minnesota, a Midwestern state that boasts one of the best educated and well-paid workforces in the United States and where the unemployment rate stands at a 14- year low. But explain that to Bernie Hesse, projects director for the United Food and Commercial Workers Union. Retail workers, who account for...

  • *China fixed-asset investment growth at 15- yr low in May. BEIJING, June 11- China's ailing economy showed few signs of improvement in May, with factory output steadying but investment growing at its slowest rate in nearly 15 years, pointing to further weakness unless Beijing ramps up its stimulus efforts. That led some analysts to predict growth could cool...

  • June 10- 8 point3 Energy Partners LP, formed by solar companies First Solar Inc and SunPower Corp, said it expects its initial public offering to be priced between $19 and $21 per share. The offering of 20 million Class A shares is expected to raise about $420 million and value 8 point3 at about $1.49 billion at the top end of the expected price range.

  • *SMA Solar says deal will contribute to earnings from 2016. FRANKFURT, June 10- Germany's SMA Solar and engineering company Siemens have teamed up to equip utility-scale solar parks with technology to link them to power grids in an effort to benefit from rising global demand for photovoltaics. With Siemens' help, Germany's biggest solar company by sales aims to...

  • NUSA DUA, Indonesia, June 10- The coal industry always seems to be looking for a white knight to rescue it from some crisis, and it is perhaps ironic that Indonesia, the world's largest exporter, is the next great hope that is to save global miners from the current supply glut. The theory is that as Indonesia ramps up domestic coal-fired power generation, it will rotate...

  • WASHINGTON, June 9- A U.S. appeals court on Tuesday rejected an industry and state challenge to the Obama administration's proposal to curb carbon dioxide emissions from existing power plants. More than a dozen states and coal company Murray Energy Corp had urged the court to block the U.S. Environmental Protection Agency's proposal, which is central to...

  • WASHINGTON, June 9- A U.S. appeals court on Tuesday rejected an industry and state challenge to the Obama administration's proposal to curb carbon dioxide emissions from existing power plants.

  • NUSA DUA, Indonesia, June 9- Coal prices in Asia are already at levels that have forced some producers to curb supply and are unlikely to fall more than another $10, industry officials said on Tuesday. "There is space for prices to fall further but only marginally, because we are getting very, very close to production costs," said Edwin Tsang, head of marketing at...

  • Japan skips LNG spot price data due to lack of trades Tuesday, 9 Jun 2015 | 12:11 AM ET

    TOKYO, June 9- Japan on Tuesday skipped publishing monthly data on the average spot prices paid by buyers in the country for liquefied natural gas due to a lack of trades in May, the latest sign of tepid global demand for the fuel. Japan's Ministry of Economy, Trade and Industry publishes the price average only when there is a total of at least two spot LNG trades from...

  • JOHANNESBURG, June 6- South Africa's National Treasury said on Saturday electricity supply constraints were getting government attention at the highest level after rating agency Fitch said an unstable power supply had led it to cut growth forecasts. South Africa is building three large-scale power stations to reduce chronic electricity shortages that...

  • LAUNCESTON, Australia, June 5- Indonesia appears to be doing more of the heavy lifting than Australia when it comes to cutting coal output and exports in the face of persistently weak prices. Coal production in Indonesia, the world's largest exporter of the fuel used in power stations, dropped 21 percent year-on-year in the first quarter to 97 million tonnes.

  • PARIS, June 4- In 2011 the International Energy Agency saw potential for a "golden age of gas". In Asia, gas comes largely in the form of pricey Liquefied Natural Gas and has to compete with locally-produced coal. On Thursday, the head of Italian utility Snam said demand would be flat until 2030. The IEA also weighed in with a cut to its five-year forecast to 2 percent a...

  • At OPEC, some sow seeds of solar energy race in Gulf Thursday, 4 Jun 2015 | 10:16 AM ET

    VIENNA, June 4- To hear the oil ministers of Saudi Arabia and Kuwait talk about it this week, the race to develop massive solar power arrays in the world's sunniest nations is nearly as important as the current battle for oil market share. At a major conference in Vienna attended by the world's most influential oil officials and executives, the two OPEC powerhouses...

  • OSLO, June 4- Norway could see more wind power projects scrapped due to low profitability, its energy minister said on Thursday after state-owned Statkraft canceled a flagship development. In a major blow to the country's plans to increase its renewable energy output, Statkraft said it had decided not to invest in a planned 1,000- megawatt capacity wind power...

  • Disney: You're fired! Now train your replacements Thursday, 4 Jun 2015 | 12:00 AM ET
    The Team Disney building near Walt Disney World, where about 250 Disney employees were told in late October that they would be laid off, in Lake Buena Vista, Fla., May 22, 2015.

    Disney laid off about 250 employees, transferring many of their jobs to immigrants on temporary visas for highly skilled tech workers, NYT reports.

  • Nikkei steps back on profit-taking after long rally Tuesday, 2 Jun 2015 | 10:26 PM ET

    *Profit-taking set in after 12- day rally until Monday. TOKYO, June 3- Japanese shares slipped on Wednesday as investors booked profits from the market's longest rally in more than three decades, with interest rate sensitive stocks sold the most after bond yields rose globally. Things don't move up in a straight line, "said Stefan Worrall, director of equity at...

  • NEW YORK, June 2- Noranda Aluminum Holding Corp will have to seek a new power supplier or negotiate a new contract with Ameren Corp in five years to keep its Missouri smelter running, the latest obstacle for its only primary aluminum plant. Energy provider Ameren's Missouri division told Noranda last Thursday it will not extend a power contract for its smelter in...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, June 2- The rise of China and India as energy importers has largely consigned Japan to the sidelines, but the world's third-largest economy still exerts significant influence in some markets. That's why Japan's long-term energy vision is too important to be ignored, given it is the world's top...

  • WILMINGTON, Del., June 1- The judge overseeing the $42 billion bankruptcy of Energy Future Holdings Corp, Texas's biggest power company, scolded warring lawyers in the case on Monday for what he called their "unnecessarily expensive and counterproductive" bickering. Judge Christopher Sontchi in Wilmington, Delaware, made the comments as he extended to the end of...