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Utilities Electric Utilities

  • Ten years from now coal will be just 15 percent, " TVA Chief Executive Bill Johnson said, noting the company has retired more than half its coal plants over the past decade. Despite efforts by President Donald Trump to sweep away former President Barack Obama's climate change regulations, like the Clean Power Plan, and his decision on Thursday to withdraw from the...

  • ST PETERSBURG, Russia, June 1- Russia signed an agreement with the Indian government on Thursday to build two new reactors for the Kudankulam nuclear power station in Tamil Nadu and said it would loan India $4.2 billion to help fund construction. President Vladimir Putin says Russia is ready to build a dozen nuclear reactors in India over the next 20 years to back...

  • ST PETERSBURG, Russia, June 1- Atomstroyexport, a unit of Russian state nuclear firm Rosatom, has signed an agreement with the Indian government to build two new reactors for the Kudankulam power station in Tamil Nadu, Kremlin documents seen by Reuters showed on Thursday. The agreement to build reactors 5 and 6 should help cement ties between the two countries.

  • ST PETERSBURG, Russia, June 1- Russian state nuclear firm Rosatom is not afraid of competition from new nuclear players China and South Korea, Rosatom's head said on Thursday, even though Russia is battling those countries for major projects in South Africa and elsewhere. Alexei Likhachyov, Rosatom chief executive, also said at an economic forum in St Petersburg...

  • ST PETERSBURG, Russia, June 1- Russian state nuclear firm Rosatom is not afraid of competition from new nuclear players China and South Korea, Rosatom's head said on Thursday, even though Russia is battling those countries for major projects in South Africa and elsewhere. Alexei Likhachyov, Rosatom chief executive, also said at an economic forum in St Petersburg...

  • NEW YORK/ LOS ANGELES, May 31- U.S. coal company shares dipped alongside renewable energy stocks on Wednesday after reports that President Donald Trump plans to pull the United States from a global accord on fighting climate change. A spokesman for Peabody said the company would support a decision by Trump to withdraw from the Paris deal because the "accord is...

  • May 31- President Donald Trump will follow through on a campaign pledge to pull the United States out of a global pact to fight climate change, a source briefed on the decision told Reuters on Wednesday. U.S. carbon emissions fell last year to a 24- year-low and are expected to continue declining over the next decade as power companies keep shutting old coal plants...

  • NEW YORK, May 31- Coal stocks continued to underperform the broader U.S. market on Wednesday and renewable energy stocks also fell after media reported the United States will withdraw from a global pact to fight climate change. President Donald Trump will follow through on a campaign pledge to pull the United States out of the Paris climate accord, a source...

  • BOSTON, May 31- After U.S. But now investors are pouring money back in, boosting net deposits in 22 green funds to nearly $83 million in the first four months of 2017, according to data from Thomson Reuters' Lipper unit. The coal industry faces problems in the marketplace that are too big for any government to solve, said Murray Rosenblith, a portfolio manager for the...

  • SANTIAGO, May 30- Chilean mining company Antofagasta Minerals has sold its minority stake in a solar park in northern Chile, and will launch a power auction for one of its copper mines, the company said on Tuesday. The firm said in a statement it had agreed to sell its 40 percent stake in the 69.5- megawatt Javiera solar park in north-central Chile to Atlas Renewable...

  • SANTIAGO, May 30- Chilean mining company Antofagasta Minerals has sold its minority stake in a solar park in northern Chile, and will launch a power auction for one of its copper mines, the company said on Tuesday. The firm said in a statement it had agreed to sell its 40 percent stake in the 69.5- megawatt Javiera solar park in north-central Chile to Atlas Renewable...

  • SAO PAULO, May 30- A Brazilian court ordered state-controlled oil firm Petróleo Brasileiro SA to sell natural gas to Centrais Elétricas Brasileiras SA despite the power utility's billionaire debt with the oil company. Eletrobras, as the state-controlled utility is known, plans to use the gas to begin testing a thermal power station under construction in...

  • HANOI, May 24- Vietnam expects to grant investment licenses for three coal-fired power plants worth a combined $7.5 billion, the country's investment minister said. Two of the projects by Japanese, South Korean and Saudi Arabian investors are expected to receive licenses ahead of Vietnamese Prime Minister Nguyen Xuan Phuc's visit to Japan next month,...

  • BUENOS AIRES, May 24- Argentine holding company Corporacion America said on Wednesday it sold two wind farms in the neighboring country of Uruguay to Spanish renewable energy producer Saeta Yield for $230 million. "Through this operation, the group will continue its growth in the energy area in Argentina, focused on gas production in the southern basin of Santa...

  • HANOI, May 24- Vietnam expects to grant investment licenses for three coal-fired power plants worth a combined $7.5 billion in early June, the country's investment minister said. The projects by Japanese, South Korean and Saudi Arabian investors are expected to receive licenses ahead of Vietnamese Prime Minister Nguyen Xuan Phuc's visit to Japan next month,...

  • VIETNAM EXPECTS TO GRANT INVESTMENT LICENCES IN EARLY JUNE FOR 3 COAL-FIRED POWER PLANTS WORTH $7.5 BLN MINISTER.

  • Westinghouse, a unit of Japan's Toshiba Corp, filed for bankruptcy in March following billions of dollars in cost overruns at two nuclear power plants it designed and is constructing in Georgia and South Carolina. An attorney for Westinghouse said in U.S. bankruptcy court in New York that cash from the loan would allow the company to complete its business plan...

  • Inflation in Singapore remained benign overall in April, data on Tuesday showed, but that’s largely because housing costs continued to fall.

  • "On March 9, 2017, the European Commission notified us that they were opening a proceeding to evaluate possible infringements by the company in their submissions regarding the LM Wind Power transaction," GE said in a statement. The LM Wind Power transaction was approved by Brazil, China, the U.S. and the EC, and the deal closed on April 20, 2017. " In October GE announced...

  • May 22- General Electric Co is being investigated by the European Union for providing misleading information during a merger review, Bloomberg reported on Monday, citing two people familiar with the case. The European Commission, which acts as the EU's competition watchdog, was reviewing whether GE misled EU officials reviewing a deal to buy LM Wind Power, a...