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Utilities Electric Utilities

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  • May 19- Duke Energy Corp, the largest U.S. power company by generation capacity, said it would invest $1.1 billion to retire a coal-powered power plant in North Carolina and build a natural gas plant at the site over four to five years. Duke last week pleaded guilty to environmental crimes over a North Carolina power plant's coal ash spill and management of coal ash...

  • May 19- Duke Energy Corp, the largest U.S. power company by generation capacity, said it would invest $1.1 billion to convert a coal-powered power plant in North Carolina into a natural gas plant over four to five years. Duke will retire the 376 megawatt coal plant in Asheville and spend about $750 million to build a 650 MW natural gas-fired power plant, the company...

  • Fed-rate panic killed this sector—now it's a buy Monday, 18 May 2015 | 8:00 AM ET

    Anxiety over an interest-rate increase sunk the once-hot utilities sector. Is now the time to jump back in?

  • SHANGHAI/ HONG KONG, May 18- China's wind farm firms are feeling the heat as state grid operators deliberately delay hooking them up and cut back on purchases, wasting about a fifth of the total wind power output or enough electricity to run Beijing for 40 days. China is now the world's top wind power producer thanks to policies designed to boost renewable energy...

  • RALEIGH, N.C., May 14- Duke Energy Corp pleaded guilty on Thursday to environmental crimes over a North Carolina power plant's coal ash spill into a river and management of coal ash basins in the state, U.S. prosecutors said. The plea entered in federal court in Greenville, North Carolina, by the country's largest power company by generation capacity was expected as...

  • Japan's April LNG spot price falls to 2-month low Thursday, 14 May 2015 | 1:28 AM ET

    Spot LNG contracted in April for delivery to Japan averaged $7.60 per million British thermal units, down from $8 a month earlier, less than half the level a year ago, the Ministry of Economy, Trade and Industry said. Spot cargoes booked earlier and arriving in April averaged $7.90 per mmBtu, up from $7.60 in March. Year Month Contract price Arrival price 2015 April...

  • Disruptor 50: No. 3 Bloom Energy Tuesday, 12 May 2015 | 7:00 AM ET
    KR Sridhar, co-founder and CEO of Bloom Energy

    Venture capitalists have invested over $1 billion in this clean-tech darling that uses fuel cells to convert natural gas into electricity.

  • China's state firms cool on new derivatives power Monday, 11 May 2015 | 5:00 PM ET

    *China lets about 100 more firms trade overseas derivatives. HONG KONG/ BEIJING, May 12- Chastened by several high-profile calamities in the recent past, many of the state companies China has freed to trade overseas derivatives will be sitting on their hands, put off by the risks or a lack of expertise. Last week China's State-owned Assets Supervision and...

  • May 8- Entergy Corp said Monday Indian Point 3 nuclear power reactor in New York could return to service in a few weeks after shutting Saturday due to a transformer fire. "Transformer failure replacements typically last on the order of a few weeks rather than a few days," Entergy spokesman Jerry Nappi said. Indian Point is located along the Hudson River about 45...

  • May 8- California will have enough power to meet air conditioning demand this summer despite continued low hydropower supplies due to an ongoing multi-year drought. "It is always a challenge to operate the grid under the high loads produced by sweltering summer temperatures, but our analysis shows we have the resources available to meet California's need...

  • May 7- TerraForm Global Inc, formed by solar company SunEdison Inc to own and operate some of its power plants in emerging markets, filed with U.S. regulators for an initial public offering of its class A common shares. SunEdison is following in the footsteps of NRG Energy Inc, which listed a unit holding some of its wind and natural gas assets in 2013..

  • Can Tesla's home battery lower your electric bill? Thursday, 7 May 2015 | 7:00 AM ET
    Tesla Motors CEO Elon Musk reveals a Tesla Energy battery for businesses and utility companies during an event in Hawthorne, California, April 30, 2015.

    Tesla CEO Elon Musk has a plan to provide homes with energy storage, but it's not clear how much it will benefit consumers.

  • WASHINGTON, May 6- Bank of America announced Wednesday it will reduce its financial exposure to coal companies, acknowledging the risk that future regulation and competition from natural gas pose on the industry. "Our new policy reflects our decision to continue to reduce our credit exposure over time to the coal mining sector globally," said Andrew Plepler,...

  • BOSTON, May 6- Puerto Rico's troubled electric utility on Wednesday asked a U.S. appeals court for an alternative to restructure some $9 billion in debt, saying it would otherwise be at the mercy of U.S. bond funds. The legal battle moved on Wednesday to Boston where lawyers for both sides argued for more than an hour before the U.S. Court of Appeals for the First...

  • May 1- The U.S. Nuclear Regulatory Commission said on Thursday it will issue a license soon to DTE Energy Co to build a new reactor at its Fermi nuclear power plant in Michigan. DTE proposed a 1,600- megawatt Economic Simplified Boiling Water Reactor built by General Electric Co and Hitachi Ltd. The license would be the first for an ESBWR reactor.

  • Duke, which sells power to 7.3 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, said adjusted income in its regulated power business rose 5 percent to $774 million. Net income attributable to Duke was $864 million, or $1.22 per share, in the first quarter ended March 31, compared with a loss of $97 million, or 14 cents per share, a...

  • Duke Energy profit helped by unusually cold weather Friday, 1 May 2015 | 7:19 AM ET

    May 1- Duke Energy Corp, the largest U.S. power company by generation capacity, reported a quarterly profit as exceptionally cold winter weather boosted electricity demand. Net income attributable to Duke was $864 million, or $1.22 per share, in the first quarter ended March 31, compared with a loss of $97 million, or 14 cents per share, a year earlier.

  • April 30- Solar panel makers SunPower Corp and First Solar Inc reported a quarterly loss, compared with a year-earlier profit, as they sold fewer power plants ahead of a spinoff of some of their assets into a joint public entity. SunPower and First Solar said in February that they would spin off some of their power plants into a limited partnership called 8 point3...

  • Talks between six major powers and Tehran are approaching the final stages after they hammered out a preliminary agreement on April 2, with Iran committing to reduce the number of centrifuges it operates and to other long-term nuclear limitations. Iran, which is has been under sanctions for years, has a long history of illicit nuclear procurement using front...

  • Talks between six major powers and Tehran are approaching the final stages after they hammered out a preliminary agreement on April 2, with Iran committing to reduce the number of centrifuges it operates and other long-term nuclear limitations. "The UK government informed the Panel on 20 April 2015 that it' is aware of an active Iranian nuclear procurement...