Utilities Electric Utilities

  • July 14- Privately held wind power developer Deepwater Wind has proposed supplying Long Island with 90 megawatts of offshore wind energy, the company said on Thursday. The Long Island Power Authority is expected to officially vote on the proposal next week, the company said in an email. New York State Governor Andrew Cuomo said in a statement that at a meeting...

  • WASHINGTON, July 12- The U.S. Senate on Tuesday voted to work on a compromise with the House of Representatives on what could become the broad energy legislation passed by Congress in nearly a decade. The Senate voted 84 to 3 to go to formal conference with the House on legislation to take modest steps on modernizing the power grid, speeding the permitting of...

  • *Japan expected to cut emphasis on nuclear in next energy plan. Two out of Japan's 42 operable reactors are running, but a local governor who won election on Sunday has vowed to shut those units down. Residents have lodged injunctions against nearby nuclear plants across Japan and lower courts have been increasingly siding with them on safety concerns.

  • PARIS, July 11- A French government advisory committee has recommended that France increase taxation on coal-fired power plants, or set stiffer carbon emissions standards, to encourage a shift to gas-fired plants to reduce carbon emissions. France currently chairs the United Nations climate negotiations COP21 and is looking to introduce measures that...

  • PARIS, July 11- A French government advisory committee has recommended that France increase taxation on coal-fired power plants, or set stiffer carbon emissions standards, to encourage a shift to gas-fired plants to reduce carbon emissions. France currently chairs the United Nations climate negotiations COP21 and is looking to introduce measures that...

  • FRANKFURT/ MADRID, July 7- General Electric and German wind turbine maker Senvion are preparing bids for French wind power group Adwen, which is jointly owned by Spain's Gamesa and France's Areva, people familiar with the matter said. German industrials group Siemens is due to take over Gamesa's 50 percent stake in Adwen as part of its 1 billion euro deal to buy a...

  • RIO DE JANEIRO, July 6- Brazilian police arrested 19 people on Wednesday as part of a probe into a graft scheme at a nuclear power plant owned by state-led utility Eletrobras that has allegedly paid out more than 200 million reais in bribes. The alleged bribes were paid to senior executives of Eletronuclear, the nuclear power unit of Centrais Eletricas...

  • Buyre beware on ultilies

    Ken Brown, Columnist at The Wall Street Journal, discusses yield plays in utilities and how investors should look at the sector.

  • BRASILIA, July 6- Brazil's federal police on Wednesday said it served nine arrest warrants in two states as part of a corruption investigation into a nuclear power plant in Rio de Janeiro. In a statement, police said engineering companies colluded to overcharge Eletronuclear for the construction of the Angra 3 plant near Rio de Janeiro. Eletronuclear expects...

  • *South Korea still building 20 new coal-fired plants by 2022. SEOUL, July 6- South Korea plans to shut 10 aging coal-fired power plants by 2025, as Asia's fourth-largest economy seeks to cut its reliance on dirtier fuels after a pledge at last year's Paris climate summit to reduce greenhouse gas emissions. In Paris, South Korea agreed to reduce emissions by 37...

  • *South Korea will build planned 20 new coal-fired plants by 2022. SEOUL, July 6- South Korea plans to shut 10 ageing coal-fired power plants by 2025, as it ramps up efforts to curb the country's reliance on the polluting fuel and meet its pledge taken at last year's Paris climate summit to reduce greenhouse gas emissions. In fact, Seoul recently said it was targeting...

  • SAN FRANCISCO/ DETROIT, July 5- Tesla Motors alerted regulators to a fatality in one of its electric cars in partial self-driving Autopilot mode nine days after it crashed, the company said on Tuesday, defending its decision not to make the accident public before a federal investigation was announced. Tesla learned about the crash of the Model S sedan in Florida "...

  • *South Korea will build planned 20 new coal-fired plants by 2022. SEOUL, July 6- South Korea plans to shut 10 ageing coal-fired power plants by 2025, as it ramps up efforts to curb the country's reliance on the polluting fuel and meet its pledge taken at last year's Paris climate summit to reduce greenhouse gas emissions. In fact, Seoul recently said it was targeting...

  • UPDATE 3-UK aims to close coal-fired power plants by 2025.

  • The French state-controlled utility is in the process of dismantling nine reactors and has 58 others in operation, supplying France with about 75 percent of its energy needs. "In Europe, the nuclear decommissioning market could take off in a couple of years," said Sylvain Granger, EDF director of decommissioning and waste, citing the case of Germany.

  • OSLO, July 4- By 2022, Norway could realize every step in the development of a technology many see as critical to reducing global carbon emissions, carbon capture and storage, it said on Monday. Oslo said it could capture carbon dioxide from an industrial plant, transport it by ship and inject it into an empty North Sea oil and gas reservoir for 4.3 billion to 7.6...

  • PARIS, July 4- French power utility EDF on Monday stuck to its plans to build a nuclear reactor complex at Hinkley Point in southern England, saying Britain's referendum vote to quit the European Union was no barrier to the plan. The 18 billion pound Hinkley Point project and its implications for the country's main state power company has divided opinion in...

  • LONDON, July 1- The British offshore wind industry, already bruised by subsidy changes, faces uncertainty after Britain voted to leave the European Union, with investors worried about future government incentives, exchange rates and export duties. Businesses in many industries have reported that the result of the June 23 referendum has created uncertainty...

  • NAIROBI, June 28- A major new power line that will connect the remote northern region of Kenya to the national grid, and will be used to transmit wind power, should be completed by the end of this year, a senior government official told Reuters on Tuesday. Construction on the 428 km, 400- kilovolt power line, which will run from Loiyangalani in northern Kenya to Suswa in...

  • PARIS, June 28- Nuclear power capacity grew fast last year, mainly in China, but challenges such as ageing plants and low electricity prices could hobble the sector, the head of the International Energy Agency said on Tuesday. Global addition to capacity in 2015 hit 10.2 gigawatts, the highest growth in 25 years, the IEA's Executive Director Fatih Birol told a...