Utilities
featured
Regulators used sharp words to accuse JPMorgan Chase of manipulating energy markets, in language similar to that which buffeted -- and eventually took down -- bankrupt energy giant Enron.
» Read More
More
-
NEW YORK-- Shares of L&L Energy Inc., which mines and distributes coal in China, were up 14 percent Wednesday after the company it will provide a million tons of coal to Datang International Power Co.. THE SPARK: The Seattle company said it will supply the coal to a power plant in Guangixi. SHARE ACTION: L&L Energy stock rose 53 cents to $4.30 in afternoon trading.
-
NEW YORK-- Chinese solar panel maker Trina Solar Ltd. on Tuesday cut its estimate for solar module shipments in the quarter that ended in March, sending its shares lower in morning trading. Trina Solar now anticipates shipments of 390 to 400 megawatts, down from a previous forecast of 420 to 430 megawatts.
-
NEW YORK-- Chinese solar panel maker Trina Solar Ltd. on Tuesday cut its estimate for solar module shipments in the quarter that ended in March, sending its shares lower in morning trading. Trina Solar now anticipates shipments of 390 to 400 megawatts, down from a previous forecast of 420 to 430 megawatts.
-
*Utility shares outperform on Nomura's rating hikes. TOKYO, May 14- The Nikkei share average edged up on Tuesday as gains in utility stocks offset weakness in brokerages while trading remained choppy with investors growing more circumspect over the rapid pace of the latest rally.
-
LAUNCESTON, Australia, May 13- India's record coal imports in the past fiscal year, and the virtual certainty they will rise again this year, look bullish for coal markets, but the likelihood is only a select few producers will benefit.
-
Regulators used sharp words to accuse JPMorgan Chase of manipulating energy markets, in language similar to that which buffeted -- and eventually took down -- bankrupt energy giant Enron.
-
LONDON, May 9- U.S. solar module maker and project developer First Solar illustrates wider industry efforts to secure new markets in a shift away from the United States and Europe.
-
for Wednesday delivery came out at 38.21 euros per megawatt-hour on the Nordic power exchange Nord Pool Spot versus 40.93 euros for Tuesday. Combined power output in Denmark and Sweden was predicted to rise by 1,680 MW to 2,760 MW on Wednesday, Point Carbon said.
-
Jason Channell, director of investment research and analysis at Citigroup, says returns from the solar industry are coming from project development and that the "next boom" will be in storage.
-
LONDON, May 7- U.S. coal miners have been among the biggest victims of the shale revolution and tougher emission controls on power plants. U.S. coal miners produced about 1,016 million short tons last year, down just over 7 percent from 1,094 million tons a decade earlier, according to estimates published by the U.S. Energy Information Administration.
-
PRAGUE, May 7- Czech electricity producer CEZ. CEZ attributed the strong first-quarter numbers to an end of its operations in Albania, an exceptional profit from trading in carbon permits, and incorporation of heating firm Energotrans into the CEZ group.
-
LONDON, May 7- EDF Energy's Hartlepool 2 nuclear power plant in north-east England was outputting electricity to the grid on Tuesday following a three-month outage, data from National Grid showed.
-
SINGAPORE, May 7- Singapore LNG started commercial operations of its S $1.7 billion liquefied natural gas terminal, receiving its first cargo of gas super chilled into liquid for shipping, the company said in a statement on Tuesday. BG Group Plc supplied the first cargo. The Britain- based company has a contract to supply 3 million tpy of LNG to the terminal.
-
SAN FRANCISCO, May 6- The California Public Utilities Commission is considering fining utility PG&E Corp $2.25 billion over the deadly 2010 San Bruno gas line rupture and fire, requiring the utility to spend the entire fine on safety. The Commission's staff recommended the record fine against PG&E's Pacific Gas and Electric.
-
FRANKFURT, May 6- German spot power prices rose on Monday on tighter supply and more demand at the start of the week, while French prices remained stable despite lower nuclear capacity. Power for Tuesday in Germany. rose by 2.10 euros to 37.85 euros per megawatt hour compared with Monday prices paid last week.
-
BRUSSELS, May 6- Canada has lost an appeal at the World Trade Organization in a landmark case over incentives for electricity producers, the European Union said on Monday, ahead of the official publication of the appeal decision. Japan and the European Union brought the case over a scheme intended to promote green energy in the province of Ontario.
-
*Spot power for Tues set at 40.93 euros/ MWh. for Tuesday delivery came out at 40.93 euros per megawatt-hour on the Nordic power exchange versus 43.74 euros for Monday. eased by 25 cents to 36 euros per MWh after 1200 GMT, hit by wetter weather forecasts.
-
FRANKFURT, May 6- A deal between E.ON SE. The deal had been seen as a possible precedent for how Germany ensures the survival of conventional power, whose profitability has been hit by a boom in subsidised renewable energy as the country phases out nuclear power.
-
*Says offerings stakes in stations in Turkey, Kaliningrad. PARIS, May 6- Rosatom is keen to agree partnership deals with French power group EDF and is proposing it take stakes in nuclear power stations Rosatom is building in Kaliningrad and Turkey, Les Echos reported on Monday.
Energy
-
Brent crude futures steadied near a two-week high on Tuesday, holding around $105 per barrel.
-
CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching tomorrow.
-
CNBC's Sharon Epperson takes a look factors that contributed to the major reversal in precious metals on Monday and what sent oil prices to a 7-week high. She also discusses events in the the coming days that could impact the price action in energy and metals.