Utilities Electric Utilities

More

  • WASHINGTON, April 20- The U.S. Senate passed the first energy bill in nine years on Wednesday, legislation that contains modest measures popular with both Republicans and Democrats to modernize the power grid and speed the permitting process for liquefied natural gas exports. The bill passed 85-12. It attempts to protect the power grid from an expected rise in...

  • PARIS, April 19- French oil and gas company Total announced the creation of a gas, renewables and power division on Tuesday, which it said will help drive its ambition to become a top renewables and electricity trading player within 20 years. The new business division, to be led by a president with a seat on the company's executive committee, will take effect from...

  • WASHINGTON, April 19- The U.S. Supreme Court on Tuesday ruled against Maryland in its bid to revive a program to subsidize natural gas-fired electricity plant construction to serve the power needs of its residents in a case weighing state versus federal authority. Writing on behalf of the court in the 8-0 ruling, liberal Justice Ruth Bader Ginsburg said the...

  • WASHINGTON, April 19- The U.S. Supreme Court on Tuesday ruled against Maryland in its bid to revive a program to subsidize natural gas-fired electricity plant construction to serve the power needs of its residents in a case weighing state versus federal authority.

  • TOKYO, April 19- Glencore and Tohoku Electric Power set a Australian thermal coal import price 9 percent below last year, although the traditional benchmark for industry pricing appears to be breaking down, sources said on Tuesday. The contract price for the financial year beginning April 1 was set at $61.60 per tonne, down from $67.80 a year ago, four sources said,...

  • April 18- China's power consumption rose 5.6 percent in March from the previous year to 476.2 billion kilowatt-hours, figures from the National Energy Administration showed. The following is a breakdown of China's power consumption and other data for March, posted on the administration's website. For news and data on China's power market, please click.

  • TOKYO, April 18- Japan's atomic regulator on Monday said there is no need to shut down the country's only operating nuclear station on southwestern Kyushu island, where a series of quakes killed more than 40 people and damaged infrastructure. There were no safety issues at the Sendai nuclear station, which has two reactors and is about 120 kilometres...

  • FRANKFURT, April 15- Buyout group BC Partners is sounding out potential buyers for its German power transformer maker SGB-SMIT, four years after a sale to China's State Grid was halted by political intervention, three people familiar with the matter said. At the time, China's dominant state power grid builder and operator State Grid had been in exclusive talks...

  • BEIJING, April 15- China produced 294 million tonnes of coal in March, down 4.5 percent from a year ago amid state-led efforts to restrict production and tackle a supply glut. Prices at the port of Qinhuangdao in Hebei province have gained 5.4 percent so far in 2016, suggesting that China's efforts to curb supplies are having an impact, although the values are...

  • MUMBAI, April 14- SunEdison Inc is in talks to sell minority stakes in its Indian solar projects to Finland's Fortum, two sources said, as the U.S. firm seeks funds to finish proposed plants in India amid concerns about its finances at home. Fortum, a state-controlled utility, said on Tuesday it planned to invest 200- 400 million euros in solar projects in India and...

  • *Components can also be exported to other Europe. FRANKFURT, April 13- General Electric, fresh from taking on the offshore wind business of rival Alstom, is positioning itself in Germany's expanding offshore wind sector and looking at eastern Europe. "Onshore wind in eastern Europe and the Balkan countries is currently interesting, especially in Poland and...

  • *Surcharge of 6- 18 bln euros still under discussion. BERLIN, April 13- Utilities in Germany will have to set aside more money to cover the cost of storing nuclear waste, four sources in a government-appointed commission told Reuters, after a meeting on Wednesday failed to reach agreement on how much more. E.ON, RWE, EnBW and Vattenfall, Germany's "big four" power firms,...

  • Three state regulatory bodies and the city Water and Power Department warned last week the region faced up to 14 days of blackouts this summer as gas-fired power plants go without supplies normally furnished by the crippled Aliso Canyon field when electricity demand peaks. Southern California Gas Co, the division of San Diego- based utility giant Sempra...

  • *Singapore marine, offshore engineering output falls to $14.5 bln. SINGAPORE, April 12- Marine and offshore engineering companies are turning to cruise ships, fishing vessels or even sea-based wind farms to keep their earnings afloat as weak oil prices slash new spending by big energy companies. Singapore- listed Vard Holdings last month signed a letter of...

  • BUENOS AIRES, April 11- Argentina aims to rake in $5 billion in investments in renewable energy by 2018 with the goal of reducing its energy deficit, a government official told Reuters, as hopes for near-term increased output from the Vaca Muerta shale field fade. This aims to "diversify the power grid, replacing liquid combustibles which are normally mostly...

  • LOS ANGELES, April 8- In November, solar energy giant SunEdison Inc reported that its project pipeline had grown by 75 percent in just a year, the result of an aggressive growth strategy. Among the deals now in question is a solar plant under construction for the central Texas community of Georgetown. And last month, TerraForm Global- a related company set up to own...

  • *Debt-heavy SunEdison looking to sell India assets. MUMBAI, April 7- The likely collapse of SunEdison Inc's solar project in India, the first of 32 planned "ultra mega" complexes, could delay Prime Minister Narendra Modi's goal to increase renewable energy fivefold by several years and probably cost consumers more. India plans to auction more of the "ultra mega"...

  • Geothermal assets are based in Indonesia and Philippines. SINGAPORE, April 6- French utility Engie and Japan's Marubeni are among several suitors preparing to bid for Chevron Corp's Asian geothermal energy blocks valued at about $3 billion, sources familiar with the matter said. Potential buyers including Southeast Asian firms are attracted by the...

  • TOKYO, April 6- Japan's benchmark Nikkei index ended slightly lower on Wednesday, marking its longest losing streak since the start of "Abenomics", as the yen hovered near a 17- month high. Shares of Inpex Corp ended 0.7 percent lower after Japan's biggest oil and gas developer halved its full-year net profit estimate late on Tuesday due to the ongoing oil rout.

  • SAO PAULO/ BRASILIA, April 5- Officials from China State Grid visited energy transmission projects in Brazil under construction by Abengoa SA to evaluate the merits of a takeover of the assets that had stalled last year when the Spanish firm ran into financial problems, two sources confirmed on Tuesday. The source said the government wants to avoid a piecemeal...