Utilities
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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.
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HONG KONG, May 6- State-owned conglomerate China Resources Co Ltd plans to merge its Hong Kong- listed power producer with its natural gas distribution unit to form a $22 billion energy group able to negotiate better terms for natural gas supplies from the state.
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ANKARA, May 6- Electricity generated at Turkey's second nuclear power plant, to be built by a Japanese-French consortium, will be sold at around 11.80 U.S. cents per kilowatt hour, Turkey's energy minister said on Monday, lower than at its first planned plant.
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As the world's top importer, China's demand influences trade flows and prices worldwide. Production from China's coal mines fell in March while imports rose.
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As the world's top importer, China's demand influences trade flows and prices worldwide. Production from China's coal mines fell in March while imports rose.
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ANKARA, May 6- Turkey plans to sell some of its 49 percent share in the country's second planned nuclear project that was awarded to a Japanese-French consortium on Friday, Energy Minister Taner Yildiz said on Monday. "could be through an IPO or block sale," Yildiz told reporters.
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ANKARA, May 6- Electricity generated at Turkey's second nuclear power plant, to be built by a Japanese-French consortium, will be sold at around 11.80 U.S. cents per kilowatt hour, Turkey's energy minister said on Monday, lower than the price agreed for Turkey's first planned nuclear plant.
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HONG KONG, May 6- State-owned conglomerate China Resources Co Ltd plans to merge its Hong Kong- listed power producer with its natural gas distribution unit to form an energy group with a combined market value of nearly $22 billion, the listed firms said on Monday.
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BHUBANESWAR, India, May 5- India's NALCO. The company has received just 10,000 tonnes of coal a day for the past 10 days from Mahanadi Coalfields Ltd, a unit of state-run miner Coal India, against a daily operating requirement of about 16,000 tonnes. We have no other option but to cut production, " S.S.Mohapatra, production director at NALCO, told Reuters.
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BRASILIA, May 3- Amazon Indians on Friday refused to end their occupation of a building site that has partially paralyzed work on the world's third largest hydroelectric dam for two days.
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utility unit, Georgia Power, has returned two coal-fired units to service at its 3,166- megawatt Plant Bowen station, the company said on Friday. In an update, Georgia Power said it restarted Bowen Units 3 and 4 on Wednesday 1. Units 1 and 2 remain shut.
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PARIS, May 3- France needs to hurry up and establish the regulatory framework for renewable marine energy, allowing companies to experiment with wave and tide power if it wants to catch up with industry leader Britain, a government report said. Britain has been making big strides in marine energy, however.
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ANKARA, May 3- The first reactor of Turkey's planned second nuclear power plant, to be built by a Japanese-French consortium, is expected to come online in 2023 with the government holding a maximum stake of 45 percent in the project, sources said on Friday.
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*Spot power for Sat set at 38.26 euros/ MWh. for Saturday delivery came out at 38.26 euros per megawatt-hour on the Nordic power exchange versus 40.97 euros for Friday. Combined wind power output in Denmark and Sweden was predicted to increase by about 1,000 MW to some 3,000 MW on Saturday.
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PRAGUE, May 3- Healthy renewable levels in the region and less demand during the weekend sent central European spot prices mainly lower on Friday while the Czech forward year contract rebounded from an all-time high, traders said. On regional exchanges, Czech, Slovak and Hungarian day ahead fell to 25.96 euros per megawatt hour.
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1) Axpo AG is part of the Axpo Holding which is 100% in public hands and also consists of Centralschweizerische Kraftwerke AG and EGL AG. 3) Alpiq AG, Alpiq Suisse SA, Axpo AG, EGL AG, CKW, BKW FMB Beteiligungen AG, AEW Energie AG. 4) Canton Berne, E AG, E.ON Energie, BKW FMB, others.
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FRANKFURT, May 3- Switzerland's Goesgen nuclear reactor is due to go offline on May 4 for an annual maintenance period estimated to take about two months to complete, the operating company said in a press release published on the internet on Friday. The lead operator of the 970 megawatts reactor is utility Alpiq.
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May 3- Duke Energy Corp, the largest power provider in the United States, reported a lower-than-expected quarterly profit on Friday, citing weak electricity demand and higher costs at two key units. Duke operates an international power supply business, primarily in South America, but the United States is its largest market.
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FRANKFURT, May 3- A maintenance period ended on Friday at German reactor Gundremmingen B and the plant was reconnected with the transmission grid, operator RWE said in a statement. The southern German plant of 1,344 megawatts capacity closed for its annual routine period on April 6.
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PRAGUE, May 3- Czech power group CEZ will shut down the second unit of its Temelin nuclear power plant on Friday evening due to a planned fuel exchange starting on May 4, it said.
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California power company PG&E Corp's. Separately, Calpine, the largest independent power producer in California, said its 429- MW Russell City Energy Center near Hayward, will be completed in the third quarter. Its output will also be sold to PG&E under a 10- year agreement, Calpine said in a release.
Energy
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Brent crude oil rose for a third straight session, supported by a raft of strong economic data from the United States.
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CNBC's Melissa Lee and the Fast Money traders discuss the day's top trades and the stocks they'll be watching tomorrow.
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Cramer often talks about the big MLPs, here he takes a look at some niche players.