Utilities Electric Utilities

  • *Neoen wants to raise 200- 300 mln euros in capital increase. In December, it stole a march on EDF by opening a 300 megawatt solar farm- Europe's biggest- near Bordeaux, which will sell power more cheaply than the new nuclear reactors EDF plans to build in Hinkley Point, Britain. To fund this, it is considering a 200- 300 million euro capital increase.

  • They argue that the EPA overstepped its regulatory authority under the federal Clean Air Act when the agency issued the rules, which the U.S. Supreme Court has put on hold while the case is litigated. "It's an invasion, in our estimation, of the state regulatory domain," Scott Pruitt, the Republican attorney general of Oklahoma, one of the states suing the EPA, said at a...

  • LONDON, Sept 27- Volkswagen's admission it cheated pollution law has exposed a wider problem of diesel emissions from thousands of generators belching fumes across building sites and countryside. In London, where the pollution is aggravated by a construction boom, a firm that helped expose the extent of the Volkswagen scandal has shifted its attention to...

  • TOKYO, Sept 27- Tokyo Electric Power Company Holdings, the operator of the crippled Fukushima-Daiichi reactor, is set to delay its first bond issue in about six years due to a higher-than-expected rise in costs related to decommissioning the nuclear plant, the Yomiuri newspaper said on Tuesday. Tepco expects to issue the bond, worth about 330 billion yen, around...

  • JERUSALEM, Sept 26- Backers of Israel's massive Leviathan natural gas field signed a $10 billion deal on Monday to supply 1.6 trillion feet of gas to Jordan's National Electric Power Company. The deal marks a significant step forward in Israel's efforts to exploit its offshore gas reserves, although it is still looking for a partnership with Egypt or Turkey, or...

  • JERUSALEM, Sept 26- Backers of Israel's massive Leviathan natural gas field signed a $10 billion deal on Monday to supply 1.6 trillion feet of gas to Jordan's National Electric Power Company. "Subject to regulatory approvals from Israel and Jordan, sales... are anticipated to commence at field startup," said Texas- based Noble Energy, the project's operator.

  • SpaceX, owned and operated by technology entrepreneur Elon Musk, was fueling a Falcon 9 rocket on the launch pad in Florida on Sept. 1 in preparation for a routine test-firing when a bright fireball suddenly emerged around the rocket's upper stage. The California- based firm said it would shift some missions to a new launch site at NASA's Kennedy Space Center,...

  • NEW RULE WOULD ALSO LIMIT WALL STREET OWNERSHIP OF COPPER, POWER PLANT MANAGEMENT.

  • *Europe leads industry but state support cooling. FRANKFURT, Sept 23- Yield-hungry investors in the offshore wind market are switching their sights to the United States as future support for the industry in Europe remains uncertain, leaving billions of euros looking for a new home. Europe has led the way in developing offshore-- the most expensive form of...

  • NEW YORK, Sept 22- Federal and state prosecutors on Thursday announced charges against 10 men, including two onetime senior advisers to New York Governor Andrew Cuomo, in corruption and fraud cases involving state contracts worth hundreds of millions of dollars. Joseph Percoco, a former executive deputy secretary to the governor; Alain Kaloyeros, president of...

  • *Coal would have to rise to $100/ mt for LNG to compete. The use of natural gas- when not supported by government policies- has typically been hampered in countries such as China, Indonesia and Vietnam by cheap coal as they seek the cheapest means possible to energize their emerging economies. "I don't think are large enough to incentivise people to switch from coal to...

  • *India looking to source more energy from nuclear sector. NEW DELHI, Sept 22- India is negotiating with U.S. Export-Import Bank for an $8- 9 billion loan to finance six Westinghouse Electric nuclear reactors, two sources familiar with the talks said, although a lending freeze at the trade agency threatens progress. The mega-project, the result of warming U.S.-...

  • TOKYO, Sept 21- Japan is likely to scrap a prototype fast-breeder nuclear reactor in the country's west that has operated for less than a year in over two decades, local media reported on Wednesday. More than 1 trillion yen of mostly public money has been injected into the Monju facility, but Japan's nuclear regulator last year declared its operator unfit...

  • WASHINGTON, Sept 20- The United States could alleviate growing stockpiles of nuclear waste at U.S. power plants by allowing private companies to dispose of it and foster support for new nuclear projects, U.S. The U.S. government spent billions of dollars on the Yucca Mountain project in Nevada that was supposed to store nuclear waste permanently underground,...

  • *Renewables competitive in Africa vs expensive diesel. PARIS, Sept 20- French renewable energy producer Voltalia plans to more than double its installed capacity and is considering a capital increase, its CEO said. With a market value of 245 million euros Voltalia is a relatively small player compared to French market leader EDF, but it is 85 percent owned by...

  • SHANGHAI, Sept 20- China's nuclear developers must seek the consent of local stakeholders before going ahead with new projects, according to draft rules published by the country's cabinet on Monday. "Japan's Fukushima accident once again created doubt about the safety of nuclear power among the public, and also caused feelings of fear and opposition to occur...

  • STOCKHOLM, Sept 19- Swedish utility Vattenfall aims to sell its new coal-fired plant in Moorburg, Germany, some time in the next five years, its chief executive said on Monday. State-owned Vattenfall earlier this year agreed to sell other, loss-making, lignite coal mines and power plants in Germany to Czech investor EPH, saying it would become one of the greenest...

  • *Westinghouse expects to build tens more in China. LONDON, Sept 16- Toshiba-owned nuclear reactor manufacturer Westinghouse expects to connect its first 1,000 megawatt medium-sized nuclear reactor to the grid in China early in 2017 and sees the country building a fleet of them in coming years. Four AP1000s are under construction in China, and when the first...

  • *Westinghouse expects to build tens more in China. LONDON, Sept 16- Toshiba-owned nuclear reactor manufacturer Westinghouse expects to connect its first 1,000 megawatt medium-sized nuclear reactor to the grid in China early in 2017 and sees the country building a fleet of them in coming years. Four AP1000s are under construction in China, and when the first...

  • By approving Hinkley Point on Thursday, the UK government cleared the way for GE to begin building two 1,770- megawatt Arabelle steam turbines and generators capable of powering six million homes and supplying about 7 percent of the UK's power generation needs for 60 years, GE said. The UK decision "confirms our technology leadership and it also confirms that...