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Electric Utilities

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  • July 6- TerraForm Power Inc, a unit of SunEdison Inc, said it would buy 930 megawatt of wind farms in the United States and Canada from Invenergy Wind LLC for $2 billion. TerraForm's shares rose 3.5 percent to $38.86 in extended trading, while SunEdison's shares rose 3.2 percent to $29.90. The remaining 470 MW will be acquired by a new warehouse facility sponsored by...

  • July 6- TerraForm Power Inc, a unit of SunEdison Inc, said it would buy 930 megawatt of wind power plants from Invenergy Wind LLC for $2 billion. Under the deal, TerraForm will acquire seven contracted wind farms in the United States and Canada, the company said on Monday. The deal is expected to close in the fourth quarter.

  • Its largest utility, Green Mountain Power, gets 9 percent of its mix from Seabrook, company spokeswoman Kristin Carlson said. But Vermont takes about a third of its power from the huge dams on the rivers of northern Quebec. All of it raises a question: Is greener-than-thou Vermont just exporting its energy problems?

  • *Battery storage still too expensive in most of Europe. NICE, France, July 5- A major pilot project by Europe's largest power network operator to integrate power from rooftop solar panels into the grid has shown that battery storage of renewable energy is not yet economically viable in Europe. The 30 million euro "Nice Grid" pilot is one of the biggest in a European...

  • One of the country's largest power companies, Southern Co., says it hopes drones can eventually identify storm damage in the Southeast and allow it to increase its routine inspections. "One of the biggest challenges is going out and assessing the system," said Andrew Phillips, who has directed drone research for the Electric Power Research Institute, an electric...

  • PRAGUE— An official says low radioactivity has been unexpectedly detected in two places outside one of the two reactors at a Czech nuclear power plant. Svitak said Friday the Czech nuclear authority and authorities in nearby Austria have been informed. Environmentalists in Austria have demanded that the plant be closed because of security concerns, but...

  • Foundations for first US offshore wind farm head for RI Thursday, 2 Jul 2015 | 11:04 AM ET

    PROVIDENCE, R.I.— Five massive structures that will be attached to the ocean floor for the nation's first offshore wind farm are coming to Rhode Island. Deepwater Wind is building a five-turbine wind farm off Block Island, with the ability to power 17,000 homes as early as next year. Grybowski said he's anxious to see the first one touch the seabed— or, as it's known in...

  • BERLIN— The German government is scrapping plans for a levy on the most-polluting coal-fired power stations and will instead phase some of the plants out. The Economy Ministry said Thursday that 13 percent of Germany's total lignite-burning power plant capacity will be put into a reserve role and then phased out entirely after four years.

  • BERLIN, July 2- Germany has abandoned plans for a levy on coal-fired power plants but will reduce brown-coal power generation to safeguard its 2020 carbon-reduction targets, coalition leaders agreed on Thursday. The plans, which follow months of wrangling within Angela Merkel's government, were welcomed by industry but condemned by environmental groups...

  • MONTGOMERY CITY, Mo.— Ameren Missouri has asked regulators for permission to build a solar plant along a half-mile Interstate 70 stretch in eastern Missouri's Montgomery County. Ameren hopes to break ground on the 70- acre, nearly 48,000- panel project by October and complete it next year. It would be more than twice the size of Ameren's first utility-scale...

  • BERLIN, July 2- The German government decided on Thursday to order the shutdown of several coal-fired plants in order to reach its ambitious climate goals by 2020, government sources told Reuters. Chancellor Angela Merkel and the leaders of her two junior coalition parties also settled a dispute over high-voltage power lines which are planned to carry green...

  • JEFFERSON CITY, Mo.— Missouri utility regulators on Wednesday denied a company's request to construct a high-voltage power line in Missouri that was planned for a multistate wind energy project. Houston- based Clean Line touted the $2.2 billion project as a way to provide low-cost clean energy and jobs to Missouri, but landowners warned it would hurt farming...

  • TOPEKA, Kan.— The largest electric utility in Kansas would refund $10 million to its customers and decrease future rates slightly under an agreement Wednesday to settle a complaint filed by state regulators with the federal government. Westar Energy Inc., based in Topeka, also would receive lower earnings from its transmission investments than it was...

  • Construction begins on 185-megawatt wind farm in Maine Wednesday, 1 Jul 2015 | 3:39 PM ET

    SunEdison announced Wednesday it had secured $360 million in financing for the wind farm that is expected to produce 185 megawatts of electricity, enough to power about 65,000 homes. When it's finished in late 2016, the 56- turbine farm will bring SunEdison's total wind-generation capacity in Maine to 552 megawatts. Missouri- based SunEdison says it will...

  • SAN JUAN, Puerto Rico— Puerto Rico's troubled power company has been forced to sell bonds again to obtain capital and avoid defaulting on a $415 million debt payment due Wednesday amid a worsening economic crisis in the U.S. territory. The Electric Power Authority said it paid $153 million in cash and the remainder from its debt service reserve accounts.

  • UPDATE 1-Puerto Rico bonds fall sharply for second day Tuesday, 30 Jun 2015 | 12:00 PM ET

    NEW YORK, June 30- Puerto Rico's bonds fell sharply for a second straight session on Tuesday, a day after the island's governor said he wanted to restructure debt and postpone bond payments for years, as investors speculated about which classes of the securities were most at risk. Almost 10 percent of municipal bonds that traded Monday were Puerto Rico- related,...

  • WASHINGTON, June 30- The United States and Brazil pledged on Tuesday to increase their share of renewable energy in electricity generation from sources other than hydro-power to 20 percent by 2030 in an effort to show commitment to fighting climate change. "This is a big deal," White House senior advisor Brian Deese told reporters on Tuesday, noting the renewable...

  • *TAQA is only listed quasi-sovereign firm in Abu Dhabi. ABU DHABI/ DUBAI, June 30- Abu Dhabi may merge its national energy company into another state-owned business to make the company's crippling debts more manageable and try to turn around its performance, sources familiar with the matter told Reuters. Billions of dollars were spent on assets, with Canada and...

  • FRANKFURT, June 30- German utilities hope the government will drop a plan to slap carbon levies on coal-fired power plants on Wednesday, but compensating the companies to move aging capacity to a reserve scheme instead would create new problems. Economy minister Sigmar Gabriel has said that in coalition talks on Wednesday he will consider an alternative.

  • WASHINGTON, June 29- The Supreme Court on Monday dealt a blow to a sweeping U.S. air pollution regulation aimed primarily at curbing emissions of mercury from coal-fired power plants by ruling that the Obama administration wrongly failed to consider compliance costs. "EPA is disappointed that the court did not uphold the rule, but this rule was issued more than...