The federal study found that if saboteurs attacked just nine substations, the country's power network could collapse. The Wall Street Journal reports.» Read More
*E.ON to close 13 GW of plants, Enel to mothball 8 GW. DUESSELDORF, Germany/ MILAN, March 12- E.ON and Enel, two of Europe's largest power utilities, said on Wednesday they plan to shut more plants and cut costs, joining rivals in warning that the industry crisis will weigh on profits for years to come.
*Enel cuts dividend to 0.13 euros from 0.15 euros/ share. DUESSELDORF, Germany/ MILAN, March 12- E.ON and Enel, two of Europe's largest power utilities, are to shut more plants and cut costs, they announced on Wednesday, joining rivals in warning that the industry crisis will weigh on profits for years to come.
Premier Li Keqiang declared China's pollution as "nature's red-light warning against inefficient and blind development" in his address to the annual meeting of parliament on March 5.
SYDNEY, March 12- Shanghai copper fell by its five percent daily limit on Wednesday and London copper touched a 44- month low, as fears grew that credit-linked defaults in China could unlock copper from financing deals and unleash further selling.
March 10- California set back-to-back solar power records last week, the state grid operator said on Monday. With 5,231 MW, California leads the nation in installed solar generation, including thermal and photovoltaic facilities, according to the Solar Energy Industries Association.
LONDON, March 10- Owners and operators of high-voltage transmission lines and substations must identify critical facilities and implement a security plan to protect them from physical attack, the U.S. Federal Energy Regulatory Commission ordered on Friday.
TOKYO, March 10- A government panel has recommended Japan lift the amount utilities must pay for electricity from offshore wind farms while cutting prices for power fed in from solar projects, as the country looks to diversify its use of renewable energy.
Japan Inc. doubled profits last year, much of these gains were simply a reflection of dollars and euros translating into more yen. The FT reports.
MOSCOW, March 8- Rosatom, Russia's state energy corporation, said on Saturday it would resume nuclear fuel shipments to Europe via Ukraine after Kiev lifted a ban imposed during anti-government protests earlier this year on transporting the hazardous material.
March 7- More than 420,000 homes and businesses remained without power in North Carolina and South Carolina on Friday evening due to a winter ice storm with high winds that brought down trees and power lines.
*First speech ever by an EPA head at CERAWeek. McCarthy's speech in Houston to IHS CERAWeek, the largest meeting of energy executives in the world, was the first by an EPA administrator since the conference began 33 years ago.
LONDON, March 6- South African power utility Eskom declared a stage three power emergency on Thursday, implementing a programme of rolling blackouts to reduce demand and stabilise the grid.
March 5- Canadian Solar Inc forecast weaker-than-expected revenue for the first quarter and blamed severe winter in North America for delays in construction of power plants, sending its shares down 10 percent.
PORTLAND, Maine-- The state supreme court on Tuesday rejected a Maine Public Utilities Commission decision granting the joint venture between the Canadian utility Emera and renewable energy company First Wind.
March 5- Canadian Solar Inc warned of a drop in current-quarter revenue as about $100 million in sales were deferred after a severe winter in North America delayed construction of power plants. Canadian Solar shares fell 5.5 percent to $41.25 in trading before the bell on Wednesday.
March 4- Chinese solar company Trina Solar Ltd forecast an up to 47 percent jump in full-year panel shipments due to growing demand from both Japan and its home market, sending its shares up about 2 percent before the bell.
AUGUSTA, Maine-- More than five years ago, Maine set ambitious goals to spur wind power development aimed at helping wean the state off fossil fuels. "If we are going to have wind development, how can we maximize the benefits to Maine people who are struggling with very high energy costs and... promote economic development at the same time?"
LUSBY, Md., March 2- Maps of Indian and Japanese ports paper the walls of a Dominion Resources Inc conference room in a small Maryland town, population 1,835, known more for crabbing and bird watching than global trade and the U.S. natural gas revolution.
NEW YORK, March 1- Berkshire Hathaway released its annual letter to shareholders on Saturday, written with Chief Executive Warren Buffett's usual combination of common-sense advice and belief in the power of investing. Following are highlights of the letter.
BEIJING, Feb 28- China's environment ministry has given the initial go-ahead for the construction of two new AP1000 nuclear reactors designed by U.S.-based Westinghouse in the eastern coastal province of Shandong, it said late on Thursday.