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Electric Utilities

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  • LONDON, Aug 17- Europe's ageing nuclear fleet will undergo more prolonged outages over the next few years, reducing the reliability of power supply and costing plant operators many billions of dollars.

  • Delays for SC nuclear plant pressure industry Saturday, 16 Aug 2014 | 9:50 AM ET

    The latest announcement came this week from executives at SCANA Corp., which has been warned by its builders the startup of the first of two new reactors in South Carolina could be delayed two years or more.

  • NEW YORK, Aug 14- Puerto Rico's electric power authority, known as PREPA, will pay an interest rate of alternate base rate plus 4 percent under credit agreements with Scotiabank and Citibank, the utility said in a filing on Thursday. PREPA disclosed the rate in a filing on a site of the Municipal Securities Rulemaking Board.

  • Loan payment delayed for Puerto Rico power company Thursday, 14 Aug 2014 | 6:45 PM ET

    SAN JUAN, Puerto Rico— Puerto Rico's financially struggling public power company won a big reprieve Thursday, announcing that creditors agreed to postpone payment of $671 million worth of bank loans until next year.

  • Puerto Rican utility likely to get credit reprieve Wednesday, 13 Aug 2014 | 1:33 PM ET
    A general view of a power station of Puerto Rico Electric Power Authority, in San Juan, March 24, 2014.

    Puerto Rico's power authority PREPA is likely to receive an extension of vital lines of credit it uses to buy oil, a financial industry executive says.

  • Aug 13- Canadian Solar Inc said it expected its more profitable business of building solar power plants to help blunt the impact of a fall in margins in the United States due to the imposition of duties on solar products made in China and Taiwan.

  • A key part of that strategy was for the United States to stop using public money to finance the construction of most coal-fired power plants abroad, seen as one of the main causes of rising pollution from heat-trapping gases.

  • PARIS, Aug 12- Belgian power grid operator Elia, State Grid Corporation of China, Italian grid operator Terna and Canadian pension fund PSP Investments have been shortlisted to bid for a 66 percent stake in Greek grid operator ADMIE, a source familiar with the bidding process told Reuters.

  • Connecticut nuclear plant had 3 safety violations Tuesday, 12 Aug 2014 | 12:22 PM ET

    WATERFORD, Conn.— Federal inspectors cited the state's nuclear plant on Tuesday for three minor safety violations, including a worker who inhaled radioactive material. The Nuclear Regulatory Commission said it found three violations of "very low safety significance" in a quarterly inspection of the Millstone Power Plant on June 30.

  • US regulators approve Canada-NYC power line Monday, 11 Aug 2014 | 1:56 PM ET

    ALBANY, N.Y.— Federal regulators have completed the environmental review of a proposed 330- mile transmission line to bring lower-cost Canadian hydroelectric power to New York City, the project's developer announced Monday.

  • Utility to pay $12M over massive 2011 blackout Friday, 8 Aug 2014 | 12:16 PM ET

    EL CENTRO, Calif.— The customer-owned electric utility serving Southern California's Imperial Valley will pay a $12 million civil penalty in a vast power outage three years ago. The Federal Energy Regulatory Commission announced the settlement with the Imperial Irrigation District on Thursday, U-T San Diego reported.

  • FRANKFURT/ MILAN/ LONDON, Aug 8- Several Italian utilities and private equity groups are expected to hand in tentative offers worth about 2 billion euros for E.ON' s Italian unit early next week, people familiar with the matter told Reuters.

  • Aug 7- SolarCity Corp, the largest installer of residential solar panels in the United States, reported a smaller-than-expected quarterly loss amid "unprecedented demand." SolarCity has become a hit with Wall Street due to its business model that allows homeowners to spread payments for solar panels over 20 years, instead of a one-time hefty down payment.

  • Aug 7- Duke Energy Corp, the largest U.S. power company by market value, reported a 80 percent rise in quarterly profit on higher revenue from its rate-regulated utilities. Net income attributable to Duke rose to $609 million, or 86 cents per share, in the second quarter ended June 30, from $339 million, or 48 cents per share, a year earlier.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Aug 7- Just how serious is China about cutting or limiting coal consumption? The latest was from the Beijing Municipal Environmental Protection Bureau, which was reported by state media as saying coal use will be banned in the six main districts of the capital by the end of 2020..

  • Japan's nuclear restart may be delayed until 2015 Tuesday, 5 Aug 2014 | 11:06 PM ET

    TOKYO, Aug 6- The long-awaited restart of Japan's nuclear power plants is facing yet another setback and may be delayed until 2015, Japanese media said on Wednesday, piling pressure on struggling utilities to push for fresh price hikes.

  • Aug 5- First Solar Inc, the biggest solar panel maker in the United States, reported a lower-than-expected quarterly profit, sending its shares down 5 percent in extended trade.

  • FRANKFURT/ MADRID, Aug 5- Bidders are readying indicative offers for the Spanish assets of Germany's top utility E.ON, three sources familiar with the matter told Reuters, adding bids would value the whole portfolio at about 2 billion euros.

  • LAUNCESTON, Australia, Aug 5- Prices for thermal and coking coal appear poised to diverge, with the power-plant fuel remaining mired in the doldrums and the steel-making ingredient posting modest gains. The 2011 high was reached after severe flooding in Queensland state, the main coking coal producer in top exporter Australia.

  • PARIS, Aug 1- Shares in French nuclear power group Areva closed 20 percent lower on Friday, the worst fall since the company was formed in 2001, as it posted a first-half loss, exited a thermal solar power business and cut sales targets.