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  • NEW DELHI, Oct 19- India is talking to South Africa to buy coal mines there to feed its expanding steel industry, Coal Secretary Anil Swarup said, adding that New Delhi also hopes to stop imports of coal used to generate power in three years as domestic output jumps. After years of poor production crippling power supply, state-run Coal India is boosting output at a...

  • The court did not act on related petitions concerning a similar program in New Jersey, meaning that case will likely be held for the ruling in the Maryland case. The Maryland and New Jersey programs were challenged by power company PPL Corp and other generators. New Jersey and Maryland appealed those rulings to the Supreme Court.

  • *Power output hit by declining downstream demand. BEIJING, Oct 19- China generated 454.8 billion kilowatt-hours of power in September, down 3.1 percent from the same month last year, the country's statistics bureau said on Monday, with industrial demand still under pressure as the economy slows. With China trying to ease its fossil fuel dependence, the slowdown...

  • PARIS, Oct 18- EDF hopes to announce a deal with Chinese investors to build a nuclear plant at Hinkley Point, Britain, in the coming days, the French utility's chief executive said on Sunday. "Britain is not giving guarantees to do us a favor, but because Hinkley Point will provide power 24 hours a day for 60 years. The 16 billion pound project to build two Areva- designed...

  • The Department of Commerce, Department of Labor, Small Business Administration and the Appalachian Regional Commission combined resources to award their first grants to 36 projects. "These federal investments will provide critical leverage for local leaders to make things happen in Appalachian communities," said Earl Gohl, chair of the Appalachian...

  • BERLIN, Oct 14- German Chancellor Angela Merkel's cabinet approved a draft law on Wednesday which ensures that utility companies remain liable for costs associated with the shutdown of the country's nuclear power plants. This will remain the case also in future, "said Economy Minister Sigmar Gabriel. They are former environment minister Juergen Trittin of...

  • BERLIN, Oct 14- German Chancellor Angela Merkel's cabinet approved a draft law on Wednesday which ensures that utility companies remain liable for costs associated with the shutdown of the country's nuclear power plants, a government source told Reuters. The legislation would close a legal loophole, preventing firms from evading decommissioning costs by...

  • KUALA LUMPUR, Oct 13- Malaysian utility heavyweight Tenaga is inching towards a multi-billion dollar purchase of energy assets from 1 MDB after a rival bidder dropped out, a deal that would bring welcome financial relief to the scandal-hit state fund. 1 MDB, currently at the centre of a political and financial scandal that is also embroiling Prime Minister...

  • Oct 13- Entergy Corp said Tuesday it will close its Pilgrim nuclear power plant in Massachusetts no later than June 1, 2019, because of poor market conditions, reduced revenues and increased operational costs. "Market conditions and increased costs led us to reluctantly conclude that we had no option other than to shut down the plant," Leo Denault, Entergy's...

  • Oct 13- Entergy Corp said Tuesday it will close its Pilgrim nuclear power plant in Massachusetts no later than June 1, 2019, because of poor market conditions, reduced revenues and increased operational costs.

  • Duke Energy CEO: We can absorb rate hike Tuesday, 13 Oct 2015 | 7:36 AM ET
    Duke Energy CEO:  We can absorb rate hike

    Lynn Good, Duke Energy CEO talks with CNBC's Kate Kelly about her tenure at the company and how a rate hike will impact the cost of capital.

  • Duke Energy CEO: Eye on renewable energy Tuesday, 13 Oct 2015 | 7:34 AM ET
    Duke Energy CEO:  Eye on renewable energy

    CNBC's Kate Kelly talks with Duke Energy CEO Lynn Good about the benefits of cheap commodity prices and the move towards cleaner energy.

  • CEBU, Philippines, Oct 13- The Philippines' Ayala Corp said it may increase its power generating capacity from a target of 1,000 megawatts and could diversify its coal-dominated electricity output with natural gas, solar or geothermal energy. "If we reach that target, if the returns are good and the business is developing well, then of course we can take that target...

  • The results come as a rare show of political support for Germany's "big four" energy groups-- E.ON, RWE, EnBW and Vattenfall-- which have been hit by a surge in competition from subsidised renewable energy as well as Germany's decision to phase out nuclear power by 2022.. The jump came after Germany's Economy Ministry released results of a stress test on Saturday,...

  • DAR ES SALAAM, Oct 11- Tanzania has initiated a $1.33 billion project to pipe natural gas to its commercial capital, Dar es Salaam, and help relieve chronic power shortages in the city, the president's office said in a statement on Sunday. Most new plants will be gas-fired but Tanzania also wants to use coal reserves and renewable resources such as wind and...

  • BERLIN/ FRANKFURT, Oct 10- Operators of German nuclear power plants have set aside enough funds to pay for decommissioning the country's reactors, the Economy Ministry said on Saturday, even though stress tests showed the potential cost could far exceed their provisions. E.ON, RWE, EnBW and Vattenfall are due to switch off their nuclear plants by a 2022 deadline...

  • BERLIN, Oct 10- Operators of German nuclear power plants have set aside enough funds to pay for decommissioning the country's reactors, the Economy Ministry said on Saturday, even though stress tests showed the potential cost could far exceed their provisions. E.ON, RWE, EnBW and Vattenfall are due to switch off their nuclear plants by a 2022 deadline set by...

  • Oct 8- Power producer Talen Energy Corp said it would sell three plants in Pennsylvania for $1.51 billion to meet regulatory requirements related to its formation in 2014, and would announce more divestitures before the end of the quarter. The company said on Thursday it would sell a natural gas-fired plant to TransCanada Corp for $654 million and two...

  • Oct 7- Solar company SunEdison Inc said on Wednesday it would cut costs and streamline operations, putting it on track to be cash positive throughout next year. SunEdison's shares rose as much as 16 percent to $10.07 in early trading. This will help SunEdison enhance near-term cash flow generation, said S&P Capital IQ analyst Angelo Zino.

  • France urged to end coal projects in Turkey Wednesday, 7 Oct 2015 | 9:18 AM ET

    LONDON, Oct 7- Environmental lobby groups on Wednesday urged French President Francois Hollande to force state-owned utility Engie to stop investing in coal projects in Turkey. Engie, in partnership with the Turkish company Mimag-Sanko, plans to build the Ada Yumurtalik 1,320- megawatt coal plant in the south of Turkey. "We strongly urge you to act to cancel...