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  • WASHINGTON/ NEW YORK, Feb 26- A bill to give Puerto Rico's ailing public utilities a way to restructure debt under the U.S. bankruptcy code drew skepticism from congressional Republicans but support from Democrats, who said it would relieve the island's problems. The Republican-controlled Judiciary subcommittee on regulatory reform of the House of...

  • Illinois plan would aid Exelon nuclear plants Thursday, 26 Feb 2015 | 2:25 PM ET

    SPRINGFIELD, Ill.— Power-producing giant Exelon Corp. rounded out a phalanx of Illinois lawmakers and business leaders who said Thursday that three nuclear power plants could close unless consumers chip in to reward them for producing environmentally-friendly electricity. The Exelon- backed plan was quickly derided as a "bailout" Thursday by a consumer...

  • Power plant seeks to block Revel sale, liquidate property Thursday, 26 Feb 2015 | 12:57 PM ET

    ACR Energy Partners wants a bankruptcy court judge to cancel the latest proposed sale to a Florida developer, and appoint a trustee to liquidate the property instead. The company says the latest sale contract to Florida developer Glenn Straub would leave nothing for most creditors, and would cost the power supplier $32 million. Straub's Polo North Country...

  • NEW YORK, Feb 26- Bondholders are split on a proposed bill to give Puerto Rico's ailing public agencies a way to restructure debt under U.S. bankruptcy law, with some saying it would give confidence to the market and others arguing it is a "Wild West" solution. The bill to give Puerto Rico's agencies the ability to file under Chapter 9 of the U.S. bankruptcy code- used by...

  • ITC misses 4Q profit forecasts Thursday, 26 Feb 2015 | 10:13 AM ET

    NOVI, Mich. _ ITC Holdings Corp. on Thursday reported fourth-quarter profit of $46.7 million. On a per-share basis, the Novi, Michigan- based company said it had net income of 30 cents. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

  • Sempra beats 4Q profit forecasts Thursday, 26 Feb 2015 | 9:21 AM ET

    SAN DIEGO _ Sempra Energy on Thursday reported fourth-quarter earnings of $297 million. On a per-share basis, the San Diego- based company said it had profit of $1.18. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.

  • Westar misses 4Q profit forecasts Thursday, 26 Feb 2015 | 6:42 AM ET

    TOPEKA, Kan. _ Westar Energy Inc. on Wednesday reported fourth-quarter net income of $43.4 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • American States Water posts 4Q profit Thursday, 26 Feb 2015 | 6:39 AM ET

    SAN DIMAS, Calif. _ American States Water Co. on Wednesday reported fourth-quarter earnings of $13.5 million. American States Water shares have climbed roughly 7 percent since the beginning of the year. Keywords: American States Water, Earnings Report.

  • Great Plains Energy misses 4Q profit forecasts Thursday, 26 Feb 2015 | 6:39 AM ET

    KANSAS CITY, Mo. _ Great Plains Energy Inc. on Thursday reported fourth-quarter profit of $19.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share. Great Plains Energy shares have decreased 4.5 percent since the beginning of the year.

  • WILLISTON, N.D., Feb 25- Senator Heidi Heitkamp of North Dakota will re-introduce legislation on Thursday designed to encourage the development of clean coal technologies that could keep the fuel a key source of American power generation. The bill, which is likely to be popular in the Republican-controlled U.S. Senate but face opposition from the White House,...

  • Second golden eagle in 3 years killed at Nevada wind farm Wednesday, 25 Feb 2015 | 2:57 PM ET

    Fish and Wildlife Service spokesman Dan Balduini said Wednesday he couldn't speculate about how the agency might respond after the second golden eagle in three years was found dead Feb. 9 at Spring Valley Wind Energy. Pattern Energy owns the facility in White Pine County, about 250 miles northeast of Las Vegas. Rene Braud, Pattern Energy's director of...

  • Governors looking to expand renewable energy, natural gas Wednesday, 25 Feb 2015 | 1:17 PM ET

    BOSTON— The governors of Massachusetts, Connecticut and Rhode Island are joining forces to look for ways to increase the region's reliance on renewable energy sources while also expanding natural gas capacity. He said it's important for Massachusetts to embrace regional cooperation with neighboring states to pursue natural gas expansion.

  • ATHENS, Feb 25- Greece will not go ahead with privatizing its dominant electricity utility PPC or power grid operator ADMIE, Energy Minister Panagiotis Lafazanis said, despite promising its creditors not to halt sales that are underway. The Public Power Corporation has already launched a tender to sell a 66 percent stake in its power grid operator ADMIE, and...

  • HALLOWELL, Maine— State utility regulators decided Wednesday to reconsider agreements with two companies planning to develop wind power projects in Maine, despite widespread criticism from industry officials who said doing so would be inappropriate and set a dangerous precedent. The Public Utilities Commission voted 2-1 in favor of reopening...

  • ATHENS, Feb 25- Greece will not go ahead with privatising its dominant electricity utility PPC or power grid operator ADMIE, Energy Minister Panagiotis Lafazanis said, despite promising its creditors not to halt sales that are underway. The Public Power Corporation has already launched a tender to sell a 66 percent stake in its power grid operator ADMIE, and...

  • Proposals push nuclear energy in Washington state Tuesday, 24 Feb 2015 | 5:10 PM ET

    SEATTLE— Some lawmakers are pushing proposals to advance nuclear power as part of Washington's future energy mix. Sharon Brown, R- Kennewick, promote nuclear energy, focusing on small nuclear reactors that are designed to be built in factories, shipped to a site by truck or train and assembled on location. The Senate Ways and Means Committee heard one bill Tuesday...

  • Feb 24- U.S. solar company First Solar Inc on Tuesday reported sharply higher quarterly earnings in part due to the sale of a large California solar power plant to Southern Co.. For the first quarter, First Solar forecast sales of $550 million to $650 million and a loss of 25 cents to 35 cents a share. On Monday, First Solar and SunPower said they were in talks to bundle...

  • The 2 industries fighting over your electric bill Tuesday, 24 Feb 2015 | 1:34 PM ET

    Some utilities are pushing back against the growing number of customers who use solar technology to generate their own electricity.

  • SAN JUAN, Puerto Rico— Puerto Rico's heavily indebted power company was slapped Tuesday with a federal class-action lawsuit alleging the agency joined several international oil companies in overcharging customers in the U.S. territory by more than $1 billion. The lawsuit filed by Seattle- based Hagens Berman Sobol Shapiro LLP names 20 defendants, including...

  • Asian stocks mostly up, cheered by US Fed chair remarks Tuesday, 24 Feb 2015 | 10:18 AM ET

    The latest milestones came as investors liked what they heard from Federal Reserve Chair Janet Yellen, who told Congress the central bank would be patient about raising interest rates as the economy improves. "Markets had been very focused on the Yellen testimony and wanted to see if there was going to be any change in the outlook for the first Fed rate hike," said...