Utilities
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BP has put its U.S. wind farm operation, one of the largest in the country, up for sale, marking the continued retreat of big oil companies from renewable energy investments.
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LONDON, March 26- Britain spelled out its aims for nuclear power on Tuesday, committing funds to a sector it expects to create 40,000 jobs while lowering the country's carbon emissions and its reliance on costly energy imports.
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French firm EDF and Japan's Hitachi both have plans to build in Britain, which needs to replace ageing coal-fired and nuclear sites. It comes in response to a 2011 report from the House of Lords on the UK's nuclear research and development capabilities and recommendations from the Nuclear Research and Development Advisory Board.
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*Spot price for Wednesday set at 47.49 euros/ MWh. firmed by 80 cents to 41.8 euros per megawatt-hour by 1300 GMT, more than 5 euros above the equivalent German contract. Analysts at Point Carbon, a Thomson Reuters market analysis company, said they expected the second-quarter contract to be delivered at 40.1 euros a MWh.
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SOFIA, March 26- Bulgaria said it will suspend about 40 percent of its wind and solar installations to balance a power system in danger of instability due to a huge excess of capacity after a drop in consumption and exports. Bulgaria has about 1,600 megawatts in wind and solar power capacity out of total installed power generation capacity of 12,000 MW.
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French firm EDF and Japan's Hitachi both have plans to build in Britain, which needs to replace ageing coal-fired and nuclear sites. It comes in response to a 2011 report from the House of Lords on the UK's nuclear research and development capabilities and recommendations from the Nuclear Research and Development Advisory Board.
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SOFIA, March 26- Bulgaria said it will suspend about 40 percent of its wind and solar installations to balance a power system in danger of instability due to a huge excess of capacity after a drop in consumption and exports. "The energy system at present is very ill and very inefficient," interim energy minister Arsen Vasilev told reporters on Tuesday.
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TOKYO, March 26- Kansai Electric Power Co. Kansai, Japan's most nuclear reliant power utility, intends to make the best use of nuclear reactors once they clear new safety regulations for restart, Hiroshi Okamoto, a manager in charge of facility planning said at a news conference.
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TOKYO, March 26- Japan's Chugoku Electric Power Co said on Thursday it plans to upgrade the 350- megawatt No.1 unit at its Tamashima power plant to burn natural gas besides oil, so as to cut fuel costs amid uncertainty over its nuclear power plant restart.
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American Water Works president & CEO Jeffry Sterba discusses what role his company can play in America's rotting infrastructure, their passion for the quality of what people are drinking, and where his company is headed this year.
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Which sectors are leading the rally, and which should you avoid? With Brian Belski, BMO Capital Markets, and Ryan Lewenza, TD U.S. equities strategist.
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**Dell Inc said it received alternative proposals from Blackstone Group LP and Carl Icahn that could be superior to the $24.4 billion offer from founder Michael Dell and private equity fund Silver Lake Partners last month.
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PRAGUE, March 25- The U.S. Westinghouse unit of Japan's Toshiba has been told it has taken the lead in a tender to expand the Czech Temelin nuclear power plant after the evaluation of initial bids, Westinghouse Chief Executive Daniel Roderick said on Monday.
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PRAGUE, March 25- The U.S. Westinghouse unit of Japan's Toshiba has been told it has taken the lead in a tender to expand the Czech Temelin nuclear power plant after the evaluation of initial bids, Westinghouse Chief Executive Daniel Roderick said on Monday.
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*Prolonged cold weather lifts nearby demand. FRANKFURT, March 25- European spot power prices rose on Monday on forecasts of cold weather this week, which offset weaker demand prospects ahead of Easter holidays. was 6 euros up at 40 euros a megawatt hour.
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rose by 1.25 euros to 40.95 euros per megawatt-hour by 1230 GMT, a price level not seen since end-December, and well above the equivalent German contract. "The hydro situation is strained over the huge deficit, so there is a certain potential for big price moves, and prices are already much above Germany," a Norway- based trader said.
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March 25- For a full statement on the results of Datang International Power Generation Co Ltd, which operates coal-fired power plants that supply electricity to Beijing and industrial cities in northern China, please click on:.
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March 25- For a full statement on the results of China Longyuan Power Group Corp Ltd, which is Asia's largest wind power generator, please click on:.
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DUBAI, March 24- The $2 billion loan being raised to help fund the construction of the Rabigh 2 independent power project in Saudi Arabia should be signed by the end of the month, four banking sources said on Sunday.
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LOS ANGELES, March 22- Southern California Edison. SCE has been trying to gain approval from the Nuclear Regulatory Commission to restart San Onofre's damaged Unit 2 reactor in time to meet peak summer demand. NRC spokesman Victor Dricks said the agency is looking at potential dates for the meeting, which would take place in Rockville, Maryland.
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Tina Alpha Reclaim Technology is tapping into municipal waste water to treat it and transport it to fracking operations, reports CNBC's Bertha Coombs. Drew Bledsoe, Ecosphere Energy Services investor, explains why shale gas exploration and fracking is key to growing America's economy.
Energy
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Brent crude plunged in the wake of U.S. jobs data that fanned new concerns about demand.
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The U.S. is vastly increasing its production and replacing OPEC crude with that from oil sands in Canada, adding urgency to Saudi Arabia's efforts to invest in a Texas refinery, The New York Times reports.
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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.