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Electric Utilities

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  • TOKYO— Prime Minister Shinzo Abe's offer of $110 billion in fresh infrastructure financing for Asia is as much about Japan's agenda for selling its clean coal know-how and other technologies as it is about keeping up with China. Abe announced the commitment, topping the $100 billion China set for its newly created Asian Infrastructure Investment Bank, on...

  • The Public Regulation Commission is close to deciding whether to approve a plan by Public Service Co. of New Mexico to close part of the San Juan Generating Plant and replace it with a mix of more coal along with nuclear, natural gas and solar power. Members of the Association of Commerce and Industry, the Albuquerque Hispano Chamber of Commerce, Four Corners...

  • CORRECTED-Japan approves third nuclear plant for restart Wednesday, 20 May 2015 | 7:44 PM ET

    TOKYO, May 20- Japan's nuclear regulator signed off on the basic safety of a reactor at a third nuclear plant on Wednesday, as the country inches toward rebooting its atomic industry more than four years after the 2011 Fukushima disaster. The decision will be a boost for operator Shikoku Electric Power Co, which relied on its sole Ikata nuclear power station in...

  • What do you really get for a $7,000 Tesla home battery? Wednesday, 20 May 2015 | 2:28 PM ET

    NEW YORK— Elon Musk, the star CEO of the electric car company Tesla Motors and the rocket company SpaceX, staged an elaborate event last month to unveil a new product. Not a sleek new luxury car. And some homeowners, like Mike Thielen— who installed a Tesla battery prototype last year in his Redondo Beach, California, home as part of a state home storage testing program—...

  • Utility regulators keep wind power negotiations alive Wednesday, 20 May 2015 | 12:34 PM ET

    AUGUSTA, Maine— Utility regulators moved one step closer Wednesday to entering into a long-term contract with developers hoping to sell power generated by a wind project in Somerset County. The Maine Public Utilities Commission voted 2-1 to modify and approve the terms of an agreement with NextEra Energy Resources LLC to ensure that the state is getting the...

  • Shares in Chinese solar maker Hanergy plunge Wednesday, 20 May 2015 | 8:19 AM ET

    Shares in Hanergy Thin Film Power Group Ltd., a unit of Beijing- based Hanergy Holding Group, fell 47 percent on the Hong Kong stock exchange. Hanergy's rise made its founder, Li Hejun, one of China's richest entrepreneurs with a net worth estimated at $20 billion. It acquired Germany's Solibro and California's MiaSole in 2012 and said it wanted to become a leader in "...

  • Japan approves third nuclear plant for restart Tuesday, 19 May 2015 | 10:33 PM ET

    TOKYO, May 20- Japan's nuclear regulator signed off on the basic safety of a reactor at a third nuclear plant on Wednesday, as the country inches toward rebooting its atomic industry more than four years after the 2011 Fukushima disaster. The decision will be a boost for operator Shikoku Electric Power Co, which relied on its sole Ikata nuclear power station in...

  • PORT AUSTIN, Mich.— The sky above a tabletop-flat expanse of eastern Michigan farmland near Lake Huron is a well-traveled pathway for migratory birds journeying between summer nesting areas in Canada's boreal forests and wintering grounds to the south. Federal guidelines from the U.S. Fish and Wildlife Service urge wind energy developers to locate turbines...

  • May 19- Duke Energy Corp, the largest U.S. power company by generation capacity, said it would invest $1.1 billion to retire a coal-powered power plant in North Carolina and build a natural gas plant at the site over four to five years. Duke last week pleaded guilty to environmental crimes over a North Carolina power plant's coal ash spill and management of coal ash...

  • ASHEVILLE, N.C.— Duke Energy said Tuesday it will build a $750 million natural gas plant to replace its troubled coal-fired Asheville plant as the company turns to cleaner energy to generate electricity. The nation's largest electricity company also said it will invest $320 million to build a transmission substation near Campobello, South Carolina,...

  • May 19- Duke Energy Corp, the largest U.S. power company by generation capacity, said it would invest $1.1 billion to convert a coal-powered power plant in North Carolina into a natural gas plant over four to five years. Duke will retire the 376 megawatt coal plant in Asheville and spend about $750 million to build a 650 MW natural gas-fired power plant, the company...

  • Fed-rate panic killed this sector—now it's a buy Monday, 18 May 2015 | 8:00 AM ET

    Anxiety over an interest-rate increase sunk the once-hot utilities sector. Is now the time to jump back in?

  • SHANGHAI/ HONG KONG, May 18- China's wind farm firms are feeling the heat as state grid operators deliberately delay hooking them up and cut back on purchases, wasting about a fifth of the total wind power output or enough electricity to run Beijing for 40 days. China is now the world's top wind power producer thanks to policies designed to boost renewable energy...

  • The immediate effects of the rulings appear limited to a single mine in northwestern Colorado that could lose its permit if a new environmental review isn't completed within four months. Two of the rulings involving Colorado mines, from U.S. A similar case threatens to block production at another mine, in the coal-rich Powder River Basin of Montana and Wyoming.

  • RALEIGH, N.C., May 14- Duke Energy Corp pleaded guilty on Thursday to environmental crimes over a North Carolina power plant's coal ash spill into a river and management of coal ash basins in the state, U.S. prosecutors said. The plea entered in federal court in Greenville, North Carolina, by the country's largest power company by generation capacity was expected as...

  • BOISE, Idaho— A judge has entered a not guilty plea for a 22- year-old Idaho man charged with killing a former Arizona power company executive, his wife and their adult son at their Boise home. Adam Dees of Nampa, who appeared in 4th District Court on Thursday, declined to enter a plea, so 4th District Court Judge Sam Hoagland entered the plea on his behalf.

  • State says power needs to remain on at ex-Revel casino Thursday, 14 May 2015 | 11:29 AM ET

    ATLANTIC CITY, N.J.— New Jersey authorities say the power needs to stay on at Atlantic City's former Revel casino. ACR Energy Partners has been locked in a dispute with the casino's new owner, Glenn Straub, over the cost of future utility service. Authorities say fire detection and suppression systems need to be continuously powered in the 47- story building, the...

  • Japan's April LNG spot price falls to 2-month low Thursday, 14 May 2015 | 1:28 AM ET

    Spot LNG contracted in April for delivery to Japan averaged $7.60 per million British thermal units, down from $8 a month earlier, less than half the level a year ago, the Ministry of Economy, Trade and Industry said. Spot cargoes booked earlier and arriving in April averaged $7.90 per mmBtu, up from $7.60 in March. Year Month Contract price Arrival price 2015 April...

  • MINNEAPOLIS— A Minnesota power plant fueled by turkey litter flopped and fell into receivership even before a virulent form of bird flu shook the Midwest's poultry industry in recent months, yet its new managers say they're confident they can keep it running for the long haul. The bird flu crisis— which has cost Minnesota poultry producers nearly 4.2 million...

  • ATLANTA— Regulators say there's a "high probability" a nuclear plant under construction in Georgia will be delayed even longer than the three years already announced by its owners, according to an analysis obtained by The Associated Press. Southern Co. subsidiary Georgia Power and its co-owners are building two more nuclear reactors at Plant Vogtle in...