Sarbjit Nahal of BofA Merrill Lynch says that within a few years, demand for water will exceed supply. He advises on how to invest in the sector.» Read More
NEW ORLEANS— Entergy's first-quarter net income more than doubled, with the power company benefiting from a cold winter. For the three months ended March 31, Entergy Corp. earned $401.2 million, or $2.24 per share. Entergy reiterated its 2014 earnings forecast of $5.55 to $6.75 per share.
ROCK HILL, S.C.— Federal regulators are scheduled to discuss an assessment of a nuclear power plant in South Carolina. On Thursday, the U.S. Nuclear Regulatory Commission is holding an open house at Rock Hill City Hall on its evaluation of the Catawba Nuclear Station in York County.
NEW YORK— Financial markets rarely stick to the script, and this year is no different. Investments traditionally considered safe bets such as utilities, gold and government bonds were supposed to flop in 2014 as investors started to pour money into higher-risk, higher-growth stocks that would benefit from a pickup in the economy.
April 22- U.S. coal miner Arch Coal Inc said it expects to ship fewer tons of steel-making metallurgical coal this year as prices and demand remain weak, but signaled recovering demand for thermal coal, used in power generation. Shares of Arch Coal, which also reported a bigger-than-expected loss for the first quarter, were down 4 percent at $4.76 in early trading.
TAIPEI, April 22- Taiwan's premier has rejected opposition demands to halt construction of a controversial atomic power plant, sparking threats of street protests from anti-nuclear campaigners.
NEW YORK— Independent power producer Calpine said Friday will sell six power plants in the Southeast to LS Power for $1.57 billion.
DETROIT, April 17- The federal judge overseeing Detroit's historic bankruptcy case has revived the idea of a regional water authority and also suggested the city may need court oversight after it emerges from bankruptcy.
OKUMA, Japan, April 18- The manager of the Fukushima nuclear power plant admits to embarrassment that repeated efforts have failed to bring under control the problem of radioactive water, eight months after Japan's prime minister told the world the matter was resolved.
Detroit bankruptcy judge brought the idea of a regional water authority back to life,ordering the city and three counties to mediate over the issue.
The order by Judge Steven Rhodes comes after Detroit said in a court filing earlier this week that it had dropped the concept of a Great Lakes Water Authority from its plan to adjust $18 billion of debt and other obligations and exit from the biggest municipal bankruptcy in U.S. history.
PARIS— Small underground nuclear power plants that could be cheaper to build than their behemoth counterparts may herald the future for an energy industry under intense scrutiny since the Fukushima disaster, the incoming head of the Nuclear Energy Agency told The Associated Press.
The Sierra Club, the American Lung Association and other groups say that proposed emissions limits for coal-fired power plants are too lax. The biggest plants would be allowed to release more than 130,000 tons of smog-causing nitrogen oxides annually— 40 percent more than they do now, according to an analysis by the Sierra Club.
April 16- Australia's greenhouse gas emissions fell 0.8 percent in 2013, according to government data, driven by lower electricity demand and a bigger share of renewables in the energy mix. Despite the cuts, Australia's emissions per capita stand at 23.2 tonnes, among the highest in the world and nearly four times more than China.
BERLIN— German utility company RWE said Tuesday it has started sending natural gas to Ukraine, a move that could support the country if Russia acts on its threat to cut off supplies because of a massive debt for past deliveries.
The lawsuit, filed on Monday afternoon, sought civil damages, a public apology and data from water quality testing in the past year from Lanzhou Veolia Water Co., a local unit of French firm Veolia Environment, according to the Modern Jinbao newspaper, citing Wu Tianying, one of the Lanzhou residents who filed the suit.
PRAGUE, April 14- The Czech Republic wants to continue expanding nuclear energy capacity despite cancelling a tender to build two new units and believes the European Union should be more supportive of atomic power, Industry Minister Jan Mladek said on Monday.
SATSUMASENDAI, Japan, April 14- On the main road leading from the Sendai nuclear plant in southern Japan, a construction crew is laying down asphalt to widen the evacuation route in the event of a future disaster.
TOKYO, April 11- Japan's Cabinet on Friday approved a new energy policy, reversing the previous government's plans to gradually mothball nuclear power plants following the 2011 Fukushima disaster.
SAN FRANCISCO, April 9- California air regulators on Wednesday issued the first carbon offset credits for a forest protection project, credits that power companies and others large emitters can use to meet their compliance obligations under the state's greenhouse gas reduction program.
TOKYO, April 9- Since March 2011, Japan's government has focused on the cost of cleaning up after Fukushima, the worst nuclear accident since Chernobyl. While their reactors have been idled, Japan's nuclear plant operators have had to spend around $87 billion to burn replacement fossil fuels.
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