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Electric Utilities

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  • Duke Energy profit helped by unusually cold weather Friday, 1 May 2015 | 7:19 AM ET

    May 1- Duke Energy Corp, the largest U.S. power company by generation capacity, reported a quarterly profit as exceptionally cold winter weather boosted electricity demand. Net income attributable to Duke was $864 million, or $1.22 per share, in the first quarter ended March 31, compared with a loss of $97 million, or 14 cents per share, a year earlier.

  • FOSTER CITY, Calif.— Never lacking daring ideas, billionaire entrepreneur Elon Musk is determined to jolt the electricity market. The list of partners includes SolarCity, a solar installer founded by Musk's cousins, Lyndon and Peter Rive. Musk is SolarCity's chairman and largest shareholder.

  • FOSTER CITY, Calif.— Tesla CEO Elon Musk is trying to steer his electric car company's battery technology into homes and businesses as part of an elaborate plan to reshape the power grid with millions of small power plants made of solar panels on roofs and batteries in garages. The list of partners includes SolarCity, a solar installer founded by Musk's cousins,...

  • April 30- Solar panel makers SunPower Corp and First Solar Inc reported a quarterly loss, compared with a year-earlier profit, as they sold fewer power plants ahead of a spinoff of some of their assets into a joint public entity. SunPower and First Solar said in February that they would spin off some of their power plants into a limited partnership called 8 point3...

  • Talks between six major powers and Tehran are approaching the final stages after they hammered out a preliminary agreement on April 2, with Iran committing to reduce the number of centrifuges it operates and to other long-term nuclear limitations. Iran, which is has been under sanctions for years, has a long history of illicit nuclear procurement using front...

  • Tesla to expand battery technology to homes, businesses Thursday, 30 Apr 2015 | 4:15 PM ET

    FOSTER CITY, Calif.— Tesla CEO Elon Musk is trying to steer his electric car company's battery technology into homes and businesses as part of an elaborate plan to reshape the power grid with millions of small power plants made of solar panels on roofs and batteries in garages. Although the battery will be made by Tesla, it's expected to be sold as part of a package...

  • Empire District Electric posts 1Q profit Thursday, 30 Apr 2015 | 12:06 PM ET

    JOPLIN, Mo. _ Empire District Electric Co. on Thursday reported first-quarter profit of $14.6 million. Empire District Electric shares have decreased 20 percent since the beginning of the year. Keywords: Empire District Electric, Earnings Report.

  • ITC misses 1Q profit forecasts Thursday, 30 Apr 2015 | 9:33 AM ET

    NOVI, Mich. _ ITC Holdings Corp. on Thursday reported first-quarter profit of $67.1 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • HELSINKI— Finnish utility Fennovoima said Thursday it has awarded the main contract for constructing a nuclear plant in Finland to the Russian company Titan-2. European sanctions against Moscow for backing Ukrainian rebels does not apply to Finland's cooperation with Rosatom, whose involvement in the 1,200- megawatt plant was approved in early 2013...

  • Talks between six major powers and Tehran are approaching the final stages after they hammered out a preliminary agreement on April 2, with Iran committing to reduce the number of centrifuges it operates and other long-term nuclear limitations. "The UK government informed the Panel on 20 April 2015 that it' is aware of an active Iranian nuclear procurement...

  • Slovak government plans to buy major power producer Wednesday, 29 Apr 2015 | 6:01 AM ET

    Italian energy company Enel owns a 66 percent stake in Slovenske elektrarne and is trying to sell its share. After meeting Enel Chief Executive Francesco Starace on Wednesday, Robert Fico said Enel must remain responsible as a part of a possible deal for the completion of two nuclear units it is building at the Mochovce nuclear power plant.

  • HOLYOKE, Mass.— The operator of New England' s power grid says the region will have enough power to meet expected peak summer demands. ISO-New England says existing generators, efforts to reduce use and power imported from Canada and New York will help shore up the region's supply. Last summer, demand peaked on July 2 at 24,443 megawatts.

  • April 28- Coal and natural gas producer Consol Energy Inc reported a 35 percent fall in quarterly profit, hurt by weak prices for both commodities. U.S. power companies shut or converted over 4,100 megawatts of coal-fired plants last year and are expected to stop burning coal at another 22,100 MW of plants in 2015, according to Thomson Reuters data.

  • PGE misses 1Q profit forecasts Tuesday, 28 Apr 2015 | 5:09 AM ET

    PORTLAND, Ore. _ Portland General Electric Co. on Tuesday reported first-quarter earnings of $50 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • April 28- The following table lays out forecasts for the cost of electricity generation in Japan in 2030, broken down by fuel type, outlined on Monday by the Ministry of Economy, Trade and Industry. Japan is still trying to work out its basic electricity mix four years after the meltdowns at the Fukushima Daiichi nuclear plant threw the country's energy policy...

  • Like shale oil, solar power is shaking up global energy Saturday, 25 Apr 2015 | 9:00 PM ET

    SINGAPORE/ TOKYO, April 26- One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world's top industrialised nations. Solar power is set to become profitable in Japan as early as this quarter, according to the Japan Renewable Energy Foundation, freeing it from the need for government subsidies and...

  • HOUSTON— In the year since the energy industry last gathered in for its big annual confab in Houston, prices for oil and natural gas took a dive that few, if anyone, saw coming. IHS's Kurt Barrow expects oil prices to maybe climb back to $65 a barrel by the end of the year. Adam Sieminski, administrator of the U.S. Energy Information Administration, expects oil to average...

  • TOKYO, April 24- Japan's government has proposed making nuclear energy account for between 20 and 22 percent of the country's electricity mix by 2030, with renewable energy to account for slightly more, media reported on Friday. It will, however, mark a shift away from nuclear power, which contributed to about 30 percent of Japan's electricity supply before the...

  • April 23- Coal miner Peabody Energy Corp reported a bigger-than-expected loss due to lower prices and declining Chinese demand. Sluggish demand from Europe and Asia, especially China, has also weighed on metallurgical or steel-making coal prices. Net loss attributable to Peabody's common stockholders widened to $176.6 million, or 65 cents per share, in the...

  • Peabody Energy slides after cutting sales forecast Thursday, 23 Apr 2015 | 8:33 AM ET

    ST. LOUIS— Coal miner Peabody Energy Corp. cut its sales forecast Thursday after posting a bigger loss in the first quarter, and its shares fell more than 7 percent. The St. Louis company reported a bigger loss than Wall Street expected for its first quarter and its revenue came up short of analyst estimates. Peabody Energy sold 60.6 million tons of coal in the first...