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Electric Utilities

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  • TOKYO, April 5- The operator of Japan's Fukushima Daiichi nuclear power plant said on Friday it lost the ability to cool radioactive fuel rods in one of the plant's crippled reactors for about three hours earlier in the day.

  • NC renewable energy law diminished in House bill Thursday, 4 Apr 2013 | 9:24 AM ET

    RALEIGH, N.C.-- A House panel on Wednesday narrowly approved an effort to scale back and ultimately repeal a 2007 law requiring North Carolina electric utilities to generate a percentage of their power through alternative sources and locate energy savings.

  • BANGKOK, April 4- The annual maintenance shutdown of gas fields in Myanmar doesn't normally make headlines in Thailand, but this year shows the failure of Thai electricity generation to keep up with economic growth.

  • How BP Is Joining Big Oil Retreat From Renewals Wednesday, 3 Apr 2013 | 5:21 AM ET

    BP has put its U.S. wind farm operation, one of the largest in the country, up for sale, marking the continued retreat of big oil companies from renewable energy investments.

  • NEW DELHI, April 3- Indian Prime Minister Manmohan Singh urged business leaders on Wednesday to keep faith in his Congress- led government's efforts to improve a dire investment climate, without giving details of fresh steps to bring about a recovery in the sagging economy.

  • BP puts U.S. wind farm arm up for sale Wednesday, 3 Apr 2013 | 3:53 AM ET

    LONDON, April 3- BP has put its U.S. wind farm operation, one of the largest in the country, up for sale, marking the continued retreat of big oil companies from renewable energy investments while oil and gas projects offer them better returns. BP would not put a value on any sale, but said in a statement it expected "attractive offers" for the assets.

  • *Deal should help German company grow outside Europe. *Batista lost about $20 bln of his fortune last year. SAO PAULO, March 28- Eike Batista, who lost the title of Brazil's richest man as his fortune shrank by two-thirds in the past year, agreed to sell a stake in power company MPX Energia SA to Germany's E.ON SE for about 2.1 billion reais.

  • LONDON, March 28- Britain is currently paying some of the world's highest wholesale gas prices, rivalling those in energy-hungry Asia and reflecting annual winter spikes for which government and industry offer no short-term fix.

  • Europe Power-German spot up on lower wind, French down Wednesday, 27 Mar 2013 | 4:24 PM ET

    PARIS, March 27- European power prices were mixed on Wednesday, with German spot prices rising on forecasts for lower wind power production, while French prompt fell on expectations for warmer weather. 5.5 euros up on the day at 48.75 euros a megawatt hour. The equivalent baseload French contract was down 2 euros at 73 euros per MWh.

  • Nigeria offers to sell power plant to Chinese firm Wednesday, 27 Mar 2013 | 1:52 PM ET

    ABUJA, March 27- Nigeria has offered to sell a major power station to the Chinese engineering firm that has upgraded the plant, the privatisation agency said, as it aims to end power shortages that are the biggest brake on economic growth.

  • Dutch nuclear plant Borssele approved for longer life Wednesday, 27 Mar 2013 | 1:36 PM ET

    FRANKFURT/ AMSTERDAM, March 27- Dutch nuclear reactor Borssele has been given permission to operate up to 2033, though the approval can still be contested, Dutch and German stakeholders said on Wednesday. Started in 1973, the 500 megawatt plant is one of the oldest reactors in Europe.

  • CEE POWER-Cold spell, less wind drive spot prices higher Wednesday, 27 Mar 2013 | 10:54 AM ET

    *Gazprom agrees to Serbian gas price cut. On regional exchanges, Czech and Slovak day ahead jumped nearly 21 percent to 49.59 euros per megawatt hour while Hungarian prompt power rose nearly 22 percent to 50.53 euros as the unseasonable cold weather was forecast to last at least through the weekend.

  • Dominion nuclear plant layoffs to start May 31 Wednesday, 27 Mar 2013 | 9:59 AM ET

    CARLTON, Wis.-- Layoffs from the shutdown of Dominion Resources Inc.' s Kewaunee Power Station in eastern Wisconsin are scheduled to start at the end of May. The Wisconsin Department of Workforce Development says it received notice that a series of layoffs at the nuclear plant will begin May 31.

  • British gas production outages keep prices high Wednesday, 27 Mar 2013 | 7:45 AM ET

    *Prices jumped above 100 pence earlier in morning. The price of gas for Thursday delivery rose 1.25 pence to 99 pence per therm, due to high demand caused by cold weather and gas for immediate delivery rose 0.25 pence to 98.75 pence.

  • EU mergers and takeovers (March 27) Wednesday, 27 Mar 2013 | 7:42 AM ET

    BRUSSELS, March 27- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Spanish infrastructure group Ferrovial to buy British utility services company Enterprise Plc.

  • *Spot price for Thursday eases to 46.3 euros/ MWh. OSLO, March 27- Nordic power prices for delivery in the second quarter inched up on Wednesday to the highest levels since last December as dry weather kept the water supply low for hydropower generation. was trading at 41.60 euros per megawatt-hour by 1100 GMT, 5 cents higher than the previous day.

  • Deals of the day -- mergers and acquisitions Wednesday, 27 Mar 2013 | 6:00 AM ET

    State-owned China Machinery Engineering Corporation completed the second phase of the Omotosho power plant in southwest Nigeria last month, taking total output from 375 megawatts to 500 MW.

  • LONDON, March 27- EDF Energy took offline its 640 megawatt Torness 2 nuclear reactor in Scotland following an unplanned outage, the operator said on Tuesday.

  • BRUSSELS, March 26- The head of Italy's largest power company, Enel, said European Union governments should stop subsidising renewable energy to relieve pressure on utilities struggling with economic weakness.

  • LONDON, March 26- Britain spelled out its aims for nuclear power on Tuesday, committing funds to a sector it expects to create 40,000 jobs while lowering the country's carbon emissions and its reliance on costly energy imports.