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Electric Utilities

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  • BEIJING, July 23- Beijing has closed the first of four large coal-fired power plants set to be decommissioned as part of the city's efforts to cut air pollution, official news agency Xinhua reported on Wednesday, citing the local planning agency. Xinhua said the authorities had shut down the Gaojing Thermal Power Plant's six 100 megawatt generating units.

  • July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.

  • 4 farms selected to produce energy for utility Tuesday, 22 Jul 2014 | 6:23 AM ET

    Jackson- based CMS Energy Corp. announced the plans Tuesday, saying it's a part of an effort to diversify the use of renewable energy by Consumers Energy. The utility says Beaver Creek Farms in Coopersville, Brook View Dairy in Freeport, Green Meadow Farms in Elsie and Scenic View Dairy in Fennville were selected.

  • US nuclear regulator looks to reposition staff Monday, 21 Jul 2014 | 3:46 PM ET

    ATLANTA— U.S. nuclear regulators may need to shuffle staff as fewer nuclear plants are built and financial pressures prompt utilities to shutter existing plants, U.S. Nuclear Regulatory Commission Chair Allison Macfarlane said Monday. Three nuclear plants are under construction in Georgia, South Carolina and Tennessee.

  • MEXICO CITY, July 21- Mexico's national power company CFE said on Monday it will offer $2.8 billion in natural gas and electricity infrastructure project contracts by the end of this year aimed at boosting economic growth.

  • July 21- New York state environmental regulators are proposing shutting the giant Indian Point nuclear power plant to protect fish in the Hudson River during summer months, when demand for electricity for air-conditioning is greatest.

  • *Rising output, sluggish demand have created excess of coal. LONDON, July 21- The global market for seaborne thermal coal will be oversupplied by around 10 million tonnes this year, keeping prices below profitable levels for most coal producers well into 2015 or longer and forcing more mines to close.

  • Drought hinders California's clean energy goals Monday, 21 Jul 2014 | 7:09 AM ET

    SAN FRANCISCO— Already locked in its third dry year, an ongoing drought could complicate California's battle against global warming and make it more expensive, officials said. For years, dams have been one of California's main sources of clean energy, generating power without spewing greenhouse gases into the air.

  • Project at Ky. coal plant to catch carbon dioxide Monday, 21 Jul 2014 | 3:02 AM ET

    HARRODSBURG, Ky.— Political leaders and researchers say a new project to capture carbon dioxide at a central Kentucky power plant is a crucial step to continue burning coal for electricity in a time of tougher environmental regulations.

  • Puerto Rico on shaky ground with creditors Monday, 21 Jul 2014 | 12:03 AM ET

    SAN JUAN, Puerto Rico— Puerto Rico's government has managed its first balanced budget in more than a decade. "Most people are very much in a watch-and-wait mode," said David Tawil, co-founder and portfolio manager of New York- based Maglan Capital. One looming threat is the condition of the Puerto Rico Electric Power Authority, which is roughly $9 billion in debt.

  • BUENOS AIRES, July 18- Argentina signed deals on Friday to borrow $7.5 billion from China at a time when the Latin American country cannot tap global capital markets because of disputes over unpaid debt. China is Argentina's second-largest trading partner after neighbor Brazil.

  • Obama opens Eastern Seaboard to oil exploration Friday, 18 Jul 2014 | 10:09 AM ET

    The U.S. Bureau of Ocean Energy Management disclosed its final approval first to The Associated Press ahead of an announcement later Friday. The approval opens the outer continental shelf from Delaware to Florida to exploration by energy companies preparing to apply for drilling leases in 2018, when current congressional limits are set to expire.

  • BUENOS AIRES, July 18- Argentina on Friday will sign deals to borrow $7.5 billion from China, its Cabinet chief said, at a time when the Latin American country cannot tap global capital markets due to disputes over unpaid debt.

  • Puerto Rico power company's finances spark concern Thursday, 17 Jul 2014 | 5:50 PM ET

    SAN JUAN, Puerto Rico— U.S. investors on Thursday pressed Puerto Rico government officials about the financial health of the island's power company amid fears it might soon seek to restructure millions of dollars in debt.

  • APNewsBreak: Iowa nixes solar grant after lobbying Thursday, 17 Jul 2014 | 1:01 PM ET

    Terry Branstad's administration surrendered a $1 million grant designed to make Iowa a nationwide leader in solar energy after electric utilities lobbied for major changes, emails show.

  • Polish power plant leaks fuel, threatens river Wednesday, 16 Jul 2014 | 7:28 AM ET

    WARSAW, Poland— A malfunction at a Polish power plant on Wednesday caused a leakage of fuel, prompting emergency officials to work to make sure it doesn't contaminate the nearby Vistula River. A spokesman for the plant, Piotr Ludwiczak, said about nine tons of the fuel, an oily substance used in combustion called mazut, escaped from the plant.

  • TOKYO, July 16- A nuclear plant in southern Japan cleared an initial safety hurdle on Wednesday which could make it the first nuclear facility to restart under tough new safety regulations after the industry was idled by the 2011 Fukushima disaster.

  • Japanese nuclear plant deemed safe, nears restart Wednesday, 16 Jul 2014 | 1:16 AM ET

    TOKYO— A Japanese nuclear plant won preliminary approval for meeting stringent post-Fukushima safety regulations Wednesday, an important step toward restarting the country's first reactors under the tighter rules applied after the 2011 disaster.

  • Headline data showed China's economy grew 7.5 percent between April and June from a year earlier, slightly above expectations and quickening from the 7.4 percent pace in the first quarter, reinforcing hopes that a recovery is under way after a flurry of government stimulus measures.

  • TOKYO, July 16- A nuclear plant in southern Japan cleared an initial safety hurdle on Wednesday which could see it become the first nuclear facility to restart after the industry was idled by the 2011 Fukushima disaster.