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Electric Utilities

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  • Nov 19- PJM Interconnection, the operator of the biggest power grid in the United States, said on Wednesday that demand for power hit a new record for the month of November due to the cold weather. Peak demand on Tuesday reached 121,987 megawatts, topping the 114,699 MW reached last November. PJM, which operates the grid in 13 states from New Jersey to Illinois, said it...

  • *Enel selling Endesa shares at 13.5- 13.8 euros- sources. *Enel selling minimum of 17 pct of Endesa. MILAN, Nov 19- Italy's biggest utility Enel is on track to raise up to 3.2 billion euros from the sale of shares in its Spanish subsidiary Endesa, three sources with knowledge of the deal said on Wednesday.

  • Nokia and Urban Outfitters are big market movers Tuesday, 18 Nov 2014 | 4:49 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. SunEdison Inc., up $4.87 to $21.48. Medtronic Inc., up $3.28 to $72.47.

  • NRC chair: Work needed to finish Fukushima changes Tuesday, 18 Nov 2014 | 3:16 PM ET

    ATLANTA— The outgoing chair of the U.S. Nuclear Regulatory Commission said Tuesday the industry must finish making the safety changes required after a nuclear disaster in Japan, and it faces unresolved questions over how to store nuclear waste as existing plants close. Allison Macfarlane became the agency's leader in July 2012 after the stormy tenure of...

  • *EDF says Areva unable to deliver key ingredients in time. PARIS, Nov 18- French utility EDF announced a new one-year delay for its Areva- designed EPR nuclear reactor in Flamanville, France, which it now expects to be connected to the grid in 2017, a decade after construction started. EDF said the delay was due to Areva's difficulties with ensuring a timely delivery...

  • Google buys up Dutch wind energy for data center Tuesday, 18 Nov 2014 | 9:23 AM ET

    AMSTERDAM— Google says it will buy the entire output of an 18- turbine, 62- megawatt Dutch wind energy project in the Netherlands to supply power to a major data center it is building. Company officials said Tuesday that Google wants both price certainty and to ensure that the 600 million euro data center in Eemshaven, Netherlands— due to be completed in 2017— will...

  • Consumer office opposes Duke's $1.9B Indiana plan Tuesday, 18 Nov 2014 | 7:38 AM ET

    INDIANAPOLIS— Indiana's utility customer advocate has recommended that regulators reject Duke Energy's proposal for a $1.9 billion electric grid upgrade in the state. The Office of Utility Consumer Counselor says Indiana's largest electric utility hasn't provided legally required details about its proposed spending on infrastructure updates, such...

  • Asia stocks down as China property, Japan weighed Tuesday, 18 Nov 2014 | 12:31 AM ET

    A positive outlook from homebuilders and encouraging news from Japan and Germany also helped lift markets. "We've gotten good news on all of the worries since mid-October and we had much better-than-expected earnings," said Kate Warne, an investment strategist at Edward Jones. Developments in Japan, whose economy slipped into recession in the third quarter,...

  • Nov 17- Solar company SunEdison Inc and unit TerraForm Power Inc said they would buy First Wind for $2.4 billion to enter the U.S. wind power market. SunEdison's shares rose 6.6 percent to $17.70, while TerraForm shares rose 1.2 percent to $26.15 in after-market trading. SunEdison raised its 2015 installation forecast to 2.1-2.3 gigawatts from 1.6-1.8 GW.

  • Solar energy co. SunEdison buying wind power co. Monday, 17 Nov 2014 | 6:15 PM ET

    Solar energy company SunEdison is adding some wind-fueled power to its business with a deal worth up to $2.4 billion. The St. Peters, Missouri- based company and its publicly traded subsidiary, TerraForm Power, said Monday that they are buying First Wind for $1.9 billion now and $510 million in payments if First Wind completes certain projects.

  • Wind firm sues to block release of bird-death data Monday, 17 Nov 2014 | 11:55 AM ET

    Pacificorp of Portland, Oregon, is seeking an injunction in U.S. District Court in Utah to prevent the Interior Department from releasing information it considers confidential. The Obama administration has said it planned to turn over the material to The Associated Press, which sought it from the Interior Department in March 2013 under the U.S.

  • Georgia developer still trying to build coal plant Saturday, 15 Nov 2014 | 10:39 AM ET

    SANDERSVILLE, Ga.— Deep in rural Georgia, a developer is betting he can build one of the last new coal-fired power plants in the United States as the rest of the country moves away from the fuel. If constructed, Plant Washington would be one of just two planned coal plants in the United States to dodge pending rules from President Barack Obama's administration...

  • OFF THE COAST OF HELIGOLAND, Germany, Nov 14- As European governments start to curb offshore renewable power subsidies, utilities, wind turbine makers and installers are racing to cut costs to help the industry survive. Britain, Germany and the Netherlands, wary of committing billions of euros when budgets are tight, have announced subsidy cuts in the past 18...

  • LONDON, Nov 13- Beijing is one of the most polluted cities in China, according to official statistics. Every time China hosts a major international event the government has to take extraordinary measures to clean up the air and avoid suffocating its prominent guests in a dangerous choking smog. In a ranking of China's 31 provincial-level capital cities, Beijing...

  • NY providing $206M for 4 renewable energy projects Thursday, 13 Nov 2014 | 3:01 AM ET

    ALBANY, N.Y.— New York has committed $206 million to four large upstate clean energy projects. The money from the state Energy Research and Development Authority will bolster renewable energy resources by supporting wind farms in western and northern New York, a new hydroelectric plant in the Mohawk Valley and an upgrade to a hydroelectric dam in the Hudson...

  • Nov 13- The controversial government program that funded failed solar company Solyndra, and became a lighting rod in the 2012 presidential election, is officially in the black. According to a report by the Department of Energy, interest payments to the government from projects funded by the Loan Programs Office were $810 million as of September- higher than the...

  • FRANKFURT, Nov 12- Trading of coal via financial instruments in Europe is likely to jump 30 percent to 3,800 tonnes this year, boosted by demand from producers, commodity traders and hedge funds, according to a report by energy research company Prospex. The biggest trading segment is the Amsterdam- Rotterdam- Antwerp port range, where overseas coal arrives.

  • Nov 12- Canadian Solar Inc's quarterly profit rose more than four-fold as its shift in focus from panel sales to the more profitable business of building solar power plants pays off. Canadian Solar also raised its full-year revenue forecast to $2.93 billion- $2.98 billion from $2.7 billion- $2.9 billion and said it planned to add 500 megawatts of panel-making...

  • Nov 12- Canadian Solar Inc's third-quarter profit rose nearly four-fold, helped by the sale of five utility-scale solar power plants in Canada. Net profit attributable to the company rose to $104.2 million, or $1.75 per share, from $27.7 million, or 56 cents per share, a year earlier. Revenue shot up 86 percent to $914.4 million.

  • COPENHAGEN, Nov 12- Denmark's Vestas will be ready to start manufacturing blades next year for its largest ever wind turbine, which is still undergoing tests, the company said on Wednesday. The blades are for the 8 megawatt V164 wind turbine which is being produced by MHI Vestas Offshore, a joint venture of Vestas and Japan's Mitsubishi Heavy Industries.