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  • 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...

  • SINGAPORE, April 23- Earnings growth at China- listed companies is likely to be the slowest in three years in 2015, in line with an economy the government expects to expand at the weakest rate in a quarter of a century. Brokerages have seen commission income rocket due to high trading volume, and are likely to benefit further when Hong Kong investors start buying...

  • LINCOLN, Neb.— An expanded tax credit for wind-energy farms won initial approval from Nebraska lawmakers Wednesday despite arguments that the state shouldn't invest in the industry. Jeremy Nordquist, of Omaha, said his proposal would help Nebraska compete with other Midwestern states that have worked more aggressively to establish renewable energy...

  • April 22- SolarCity Corp has started a fund that includes an investment from Credit Suisse to finance more than $1 billion in commercial solar energy systems for companies, schools and government organizations in the United States. SolarCity, the top U.S. residential solar installer by market share, said it finalized the deal with Credit Suisse in February and...

  • SEOUL, April 22- South Korea and the United States reached a deal on Wednesday to revise a 40- year-old civil nuclear pact that gives the Asian country limited freedom to produce fuel for power generation but continues to curb its ability to reprocess spent fuel. The deal paves the way for South Korea to enrich uranium to produce non-weapons grade nuclear fuel...

  • SEOUL, South Korea— South Korea said Wednesday it reached agreement with Washington on revisions to the 41- year-old treaty that governs the country's commercial nuclear activities. Ambassador for nuclear energy cooperation Park Ro- byug said the deal would pave the way for South Korea to better manage spent nuclear fuel and improve nuclear exports.

  • SEOUL, April 22- South Korea and the United States reached a deal on Wednesday to revise a 40- year-old agreement that has limited South Korea's ability to enrich uranium for nuclear power generation and to reprocess spent fuel, the foreign ministry in Seoul said. South Korea operates 23 atomic plants that provide one-third of the country's power needs, and has...

  • The decision by the Kagoshima District Court clears another hurdle for the plant to begin starting up as early as June as the government pushes to restart Japan's idled nuclear industry four years after the Fukushima disaster. It also suggests another court ruling last week to prevent the operation of two reactors west of Tokyo may have been an aberration for...

  • ATLANTA— Federal regulators proposed an $11,200 fine Tuesday against Chicago Bridge& Iron Co. because its workers dropped a prefabricated section for a new nuclear power plant in South Carolina and then tried to cover it up, officials said. The accident happened March 1, 2013, at the CB&I manufacturing plant in Lake Charles, Louisiana. The facility makes...

  • Transmission Developers Inc. says Tuesday the U.S. Army Corps of Engineers issued a permit allowing the Champlain Hudson Power Express project to be placed in U.S. waters along the proposed route. The 1,000- megawatt transmission line from Quebec to Queens would run under Lake Champlain and the Hudson River for much of its route. TDI chief executive officer...

  • ALBUQUERQUE, N.M.— New Mexico's largest electric provider is defending its plan to replace power from part of an aging coal-fired plant with a mix of coal, natural gas, nuclear and solar generation. Public Service Co. of New Mexico said Monday in a filing with state regulators that rejecting the plan could jeopardize the continued operation of the San Juan...

  • WASHINGTON, April 21- The U.S. Supreme Court on Tuesday ruled that a federal law governing the natural gas market does not shield energy companies from state antitrust claims made over the western U.S. energy crisis between 2000 and 2002.. The ruling, on a 7-2 vote, was a loss for several energy companies, including American Electric Power Company Inc, Dynegy Inc and...

  • No. 1 reason solar energy's boom is just starting Tuesday, 21 Apr 2015 | 11:00 AM ET
    Technicians install solar panels on a house in Mission Viejo, Calif.

    Solar power is proving it can compete without government help. And that means the main criticism of solar—cost competitiveness—is history.

  • WASHINGTON, April 21- The U.S. Supreme Court on Tuesday ruled that a federal law governing the natural gas market does not shield energy companies from state antitrust claims made over the western U.S. energy crisis between 2000 and 2002.. The ruling, on a 7-2 vote, was a loss for several energy companies, including American Electric Power Company Inc, Dynegy Inc and...

  • WASHINGTON, April 21- The U.S. Supreme Court on Monday ruled that a federal law governing the natural gas market does not shield energy companies from state antitrust claims made over the western U.S. energy crisis between 2000 and 2002.. The ruling, on a 7-2 vote, was a loss for several energy companies, including American Electric Power Company Inc, Dynegy Inc and...

  • *Firm warned investors on April 16 about possibly missing payment. SHANGHAI, April 21- A power company in China failed to make an interest payment on a bond on Tuesday marking the first time a state-owned firm has been allowed to default and adding to evidence that Beijing is slowly withdrawing its sovereign guarantee of low-quality bonds.

  • SHANGHAI, April 21- China looks set to see its first default by a state-owned firm after Baoding Tianwei Baobian Electric Co Ltd said it had not raised enough funds to make a bond interest payment due on Tuesday. "The probability of making the payment has become highly uncertain," a notice posted by the company on the website of China's bond clearinghouse stated...