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Electric Utilities

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  • Duke agrees to $1.2B deal with ElectriCities Monday, 28 Jul 2014 | 1:31 PM ET

    RALEIGH, N.C.— Duke Energy Progress has agreed to purchase the generating capacity of ElectriCities in a $1.2 billion deal expected to translate into lower power bills for thousands of eastern North Carolina residents.

  • July 28- Canadian power company TransAlta Corp said it would build a A $570 million gas power station in South Hedland, Western Australia. The 150- megawatt power station will supply to customers of state-owned Horizon Power in the Pilbara region and to Fortescue Metals Group Ltd's port operations, TransAlta said on Monday.

  • 5 things to know about coal trade, global warming Monday, 28 Jul 2014 | 12:01 AM ET

    The Environmental Protection Agency's latest proposal would further cut coal's share of electricity generation. In 2013, according to the 2014 BP Statistical Review of World Energy, it grew by 3 percent. The International Energy Agency expects global coal demand to grow 2.3 percent per year through 2018..

  • US exports help Germany increase coal, pollution Monday, 28 Jul 2014 | 12:01 AM ET

    LUENEN, Germany— One of Germany's newest coal-fired power plants rises here from the banks of a 100- year-old canal that once shipped coal mined from the Ruhr Valley to the world. Coal mining's demise in Germany comes as the country is experiencing a resurgence in coal-fired power, one which the U.S. increasingly has helped supply.

  • Not in my backyard: US sending dirty coal abroad Monday, 28 Jul 2014 | 12:01 AM ET

    NEWPORT NEWS, Va.— NEWPORT NEWS, Va.— Coal from Appalachia rumbles into this port city, 150 railroad cars at a time, bound for the belly of the massive cargo ship Prime Lily. The ship soon sets sail for South America, its 80,000 tons of coal destined for power plants and factories, an export of American energy— and pollution.

  • Promises of easier nuclear construction fall short Saturday, 26 Jul 2014 | 9:44 AM ET

    The first two reactors built after a 16- year lull, Southern Co.' s Vogtle plant in Georgia and SCANA Corp.' s VC Summer plant in South Carolina, are being assembled in large modules. The factory in Louisiana that constructed the prefabricated sections struggled to meet strict quality rules.

  • Energy Future seeks longer bankruptcy as it scraps plan Thursday, 24 Jul 2014 | 12:08 PM ET

    July 24- Energy Future Holdings, the largest power company in Texas, asked a judge to extend the period in which it controls its Chapter 11 bankruptcy and said it is scrapping its original debt-cutting plan in favor of an auction of its Oncor unit.

  • FACTBOX-Proposed U.S. nuclear power reactors Thursday, 24 Jul 2014 | 9:49 AM ET

    July 24- Southern Co, a power company, said it hopes to announce plans to build more nuclear reactors by the end of the year, a spokesman said late Wednesday.

  • July 24- Southern Co, one of the biggest U.S. power companies, said it hopes to announce plans by the end of the year to build more nuclear reactors, a spokesman said late Wednesday.

  • US hedge fund files suit against Puerto Rico gov Wednesday, 23 Jul 2014 | 9:34 AM ET

    SAN JUAN, Puerto Rico— The government of Puerto Rico is now facing a second lawsuit in response to a new law that would allow certain public corporations in the U.S. territory to restructure their debt if needed. The Electric Power Authority holds some $9 billion in debt.

  • 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.