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
BIRMINGHAM, Ala.— The Laclede Group Inc. is acquiring Alabama Gas Corp., the natural gas utility business of Energen, for about $1.28 billion in cash. For Energen Corp., the sale pushes it closer to becoming a pure exploration and production company. Energen shares added 17 cents to reach $81.69.
WASHINGTON, April 3- The U.S. Commodity Futures Trading Commission plans to ease its new swaps rules to help public power utilities using swaps to hedge price risk, the head of the derivatives regulator said on Thursday.
April 2- A plan being discussed to reorganize power company Energy Future Holdings Corp will all but wipe out the investments of owners KKR& Co, TPG Capital and Goldman Sachs Capital Partners, Bloomberg reported.
TOKYO, April 2- Japan's Kyushu Electric Power Co has become the second nuclear generator to seek state support this week as reactors across the country remain idled and industry losses mount three years after the Fukushima nuclear disaster.
*Japan's nuclear reliance could be as low as 10 pct. TOKYO, April 2- Three years after the Fukushima disaster prompted the closure of all Japan's nuclear reactors, Prime Minister Shinzo Abe is moving to revive nuclear power as a core part of the energy mix, but many of those idled reactors will never come back online.
SAN FRANCISCO, March 31- California residents and small businesses will receive a first-of-its-kind climate credit on their utility bills starting on Tuesday, as the state's ambitious greenhouse gas reduction program begins to affect the pocketbooks of average citizens.
Joshua Brown, CEO of Ritholtz Wealth Management, says U.S. equities have performed "so-so" thus far, leading to analysts cutting their estimates for corporate earnings.
The link between oil prices and solar energy stocks has broken down, and that may be a good thing for renewable firms.
WASHINGTON, March 28- The U.S. Energy Department will soon issue a plan to offer loan aid for renewable energy projects, Energy Secretary Ernest Moniz said on Friday, doubling down on investments that have drawn intense criticism over past government-backed business flops.
March 28- Leading Texas power company Energy Future Holdings is widely expected to file for bankruptcy in the coming days, the victim of a record-breaking buyout that piled it with debt just as prices for its electricity plunged.
HONG KONG, March 28- China Shenhua Energy Co Ltd, the country's largest coal producer, posted a 9.3 percent fall in 2013 net profit, roughly in line with forecasts, as coal prices slid amid a slowing domestic economy.
SAN DIEGO, March 27- Hundreds of potential buyers are bidding on tons of tools, equipment and odds-and-ends from a shuttered Southern California nuclear plant, as a utility proceeds with decommissioning it.
HELSINKI, March 27- Finnish retailer Kesko on Thursday said it would drop out of the Fennovoima nuclear project, adding to concerns over the progress of the consortium's plan to build a 4 to 6 billion euro reactor in western Finland.
U.K. regulator Ofgem has called for a full investigation into the country's energy market, to "clear the air" over competition.
MOSCOW, March 27- Russia's nuclear industry contracts with other countries could be affected by Western sanctions, the head of state nuclear corporation Rosatom was quoted as saying on Thursday.
BRASILIA, March 26- Brazil will shut down one of its two nuclear power reactors for refueling and maintenance, depriving the nation of enough electricity to light up a city of about 1 million at a crucial time when it faces the prospect of power rationing due to drought.
LONDON, March 25- Britain is reviewing its nuclear cooperation agreement with Russian state firm Rosatom because of the Ukraine crisis, the Department of Energy and Climate Change said. Under the deal, Britain's Office for Nuclear Regulation and the Environment Agency provided Rosatom with guidance on Britain's nuclear regulation.
LONDON, March 25- Britain is reviewing an agreement it made with Russian state nuclear firm Rosatom on nuclear cooperation, in reaction to the crisis in Ukraine, the Department of Energy and Climate Change said.
LAUNCESTON, Australia, March 25- Asian spot liquefied natural gas prices have started their seasonal downturn after the winter peak, but how far they will fall depends on whether coal remains cheap and if Japan restarts some nuclear capacity. Last year, spot LNG fell 28 percent from the peak of $19.67 per mmBtu on Feb. 18 to a low of $14.13 on May 3.
Peter Atherton, head of the utility sector at Liberum, discusses what a competition inquiry into the U.K. utility market would mean for investments and consumers.
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Brent crude futures turned lower after Russia said top diplomats have agreed to take immediate steps toward calming tensions in Ukraine.
Russian President Vladimir Putin warned of possible disruption to Europe's gas supply on Thursday, as the U.S. confirmed it would send additional military support to Ukraine.
A former BP employee will pay to settle allegations of insider-trading during the 2010 Deepwater Horizon oil spill.