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Utilities Electric Utilities

  • *ING falls after disclosing criminal probe. LONDON, March 22- European shares fell to a two-week low on Wednesday, extending losses from the previous session as weighed down by basic resources stocks and banks. "Bank stocks were the biggest losers in U.S. markets, just because they had been doing the best, and they were epitomizing the reflation trade with higher...

  • JAKARTA/ SINGAPORE, March 22- Indonesia is cracking down on corruption and widespread graft at some of its top coal export hubs, disrupting shipments to destinations across Asia. Police initially raided four port facilities, including the Samudra Sejahtera Stevedores Cooperative office, a statement from the Transportation Ministry said, based on...

  • BEIJING, March 22- China's top power groups are lobbying the local government in the western region of Ningxia to require their main thermal coal supplier to cut prices as they are bleeding cash due to surging coal costs and falling power prices, two sources said. Seven of China's largest electricity generators including the Ningxia subdivision of China...

  • BEIJING, March 22- China's top power groups are lobbying the local government in the western province of Ningxia to force their main supplier of thermal coal to cut prices as they are bleeding cash due to surging coal costs and falling power prices, two sources said. Seven of China's largest electricity generators including the Ningxia subdivision of China...

  • LONDON, March 22- Construction of new coal plants fell sharply last year due to a clampdown on projects in China and less finance available in India, a report by three environmental groups said on Wednesday. By January this year, there was 570 gigawatts of coal power capacity in the pre-construction planning stage, down from 1,090 GW in January 2016, said the report...

  • NEW YORK, March 20- Electricity company Dayton Power& Light said on Monday it would shut down two coal-fired power plants in southern Ohio next year for economic reasons, a setback for the ailing coal industry but a victory for environmental activists. The closure follows negotiations between Dayton Power& Light, the Public Utilities Commission of Ohio and...

  • NEW YORK, March 20- Electricity company Dayton Power& Light said on Monday it would shut down two coal-fired power plants in southern Ohio next year for economic reasons, a setback for the ailing coal industry but a victory for environmental activists. The closure follows negotiations between Dayton Power& Light, the Public Utilities Commission of Ohio and...

  • NEW YORK, March 20- Dayton Power& Light, a subsidiary of The AES Corporation, will close two coal-fired power plants in southern Ohio by June 2018, the company announced on Monday.

  • *As others withdraw, China could become nuclear power leader. BEIJING, March 17- China needs to speed up building planned nuclear reactors and make quick new approvals over the next few years to meet a target for 2020 and keep projects rolling beyond that, an ex-chairman of China National Nuclear Corporation said. China currently operates 35 nuclear reactors,...

  • WASHINGTON, March 16- The White House's 2018 budget plan for the U.S. Department of Energy includes $120 million for nuclear waste programs including the restart of licensing for Nevada's Yucca Mountain, a project stalled for years by lawsuits and local opposition. While Yucca Mountain would store waste on a practically permanent basis, the budget money would...

  • LAUNCESTON, Australia, March 16- What's more important? Recent media reports have highlighted that Coal India Ltd, the state-owned behemoth that's the world's largest miner of the fuel, will likely miss its target of producing 598 million tonnes in the fiscal year ending March 31. "CIL may miss by 20 million tonnes and it should be between 570-578 million tonnes,"...

  • WASHINGTON, March 16- The White Houses fiscal 2018 budget plan for the U.S. Department of Energy includes $120 million to restart licensing for the proposed Yucca Mountain nuclear waste dump in Nevada, a project stalled for years by lawsuits and local opposition. In 2010, then-President Barack Obama withdrew the license to store waste at Yucca amid opposition...

  • *Four idled reactors lose 120 mln euro revenue per month. PARIS, March 15- EDF is employing new techniques in a bid to restart four nuclear reactors that have been idled for months due to a series of glitches, a top executive at the French utility said. The outages have led to higher power prices, are undermining France's security of supply and are costing EDF an...

  • *Kyushu Electric falls after unveiiling bond issuance plan. TOKYO, March 15- Japan's Nikkei share average slipped on Wednesday, dragged down by a firmer yen and Wall Street's overnight retreat. "The market is mostly on hold ahead of the Fed's decision but in the meantime some locked in profits after the yen strengthened and U.S. shares fell overnight," said Yutaka...

  • Liquidity situation very solid: RWE CFO

    RWE CFO Markus Krebber discusses his company's investment in Innogy, adding that RWE will "start paying dividends from 2017 onwards."

  • Chinese government helping to stabilize prices - security of supply needs to be on German political agenda

    RWE CFO Markus Krebber discusses pricing and regional markets, adding that "currently we still have massive overcapacity on the continent."

  • *Gains second extension for Q3 results until April 11. TOKYO, March 14- Toshiba Corp is' actively considering' a sale and other strategic options for U.S. nuclear unit Westinghouse, the group said on Tuesday, as it expanded a probe into problems there that caused it to miss an earnings deadline for a second time. But Chief Executive Satoshi Tsunakawa sidestepped...

  • SYDNEY, March 14- South Australia, the country's most renewable-energy dependent state, outlined plans on Tuesday to spend A $510 million to keep the lights on, just four days after Tesla Inc boss Elon Musk offered to save the state from blackouts by installing large-scale battery storage. The South Australia government came up with the emergency plan after a...

  • LAUNCESTON, Australia, March 14- Australia is becoming an interesting microcosm on how to, or how not to, transition an economy from being predominantly powered by coal to more climate-friendly alternatives. Musk, in an exchange of tweets with software billionaire Mike Cannon-Brookes, chief executive of Atlassian Corp, offered to fix the electricity supply...

  • HARARE, March 13- Zimbabwe is negotiationg a new deal to continue importing power from South African utility Eskom to make up for shortfalls in generating capacity at its Kariba hydropower station, the energy minister said on Monday. In January last year Eskom agreed a one-year deal to sell up to 300 megawatts of capacity to Zimbabwe, which was facing biting...