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  • Investor group pays $3.4B for power company Cleco Monday, 20 Oct 2014 | 6:47 AM ET

    PINEVILLE, La.— An investment group led by Macquarie Infrastructure and Real Assets will buy the Louisiana power company Cleco for $3.4 billion. The group will pay $55.37 in cash for each share of Cleco, which owns the regulated electric utility Cleco Power. Cleco Corp., based in Pineville, Louisiana, will continue to operate as an independent company under local...

  • EIGHTY PERCENT OF BERMUDA WITHOUT POWER DUE TO HURRICANE GONZALO- BERMUDA ELECTRIC LIGHT CO.

  • Oct 17- Energy Future Holdings squared off against creditors in court on Friday as the bankrupt Texas power company sought approval to begin a multibillion dollar auction of its interest in Oncor, a power transmission business. The company anticipates an auction in February, and sources told Reuters potential bidders include NextEra Energy Inc of Juno Beach,...

  • FRANKFURT, Oct 17- German industry is learning how to profit from the upheaval and costs of the country's shift towards solar and wind energy. Greater reliance on renewables in Europe's biggest power market is making the peaks and troughs of electricity production bigger and less predictable, as the wind picks up or drops and the sun shines or disappears behind...

  • Biofuels plant harbinger of renewable fuel future Friday, 17 Oct 2014 | 4:39 AM ET

    WICHITA, Kan.— A new biofuels plant in southwest Kansas represents the future of ethanol production in the United States, Energy Secretary Ernest Moniz said. The $500 million biorefinery in Hugoton is one of only three commercially sized plants in the country that use only plant waste, such as stalks and leaves, for production and thus do not compete for food crops.

  • TOKYO, Oct 17- Japan's biggest utilities are blocking most new solar and other renewable energy from transmission grids, stirring concern among green power advocates that Japan favors restarting idled nuclear plants at the expense of other fossil-free supply. Seven out of Japan's 10 regional power monopolies have blocked further grid access for...

  • *Areva says jumbo reactor still best product offer. *Areva hopes for new contracts in India, China. PARIS, Oct 16- Areva chief executive Luc Oursel, his job at risk from an imminent government overhaul, still believes the French nuclear group can win new contracts with its out-of-favor mega-reactor model in India and China.

  • LONDON, Oct 16- Scarce resources and pollution control measures are the two environmental issues which have the most impact on the net earnings of businesses today, a private equity fund manager said on Thursday. London- based Ambienta says it is the largest European private equity fund specializing in the environmental sector, with more than 450 million euros...

  • ANALYSIS-Africa set to switch on gas-to-power potential Thursday, 16 Oct 2014 | 6:05 AM ET

    *World Bank, Barack Obama behind "Power Africa" legacy. JOHANNESBURG, Oct 16- Africa's under used gas reserves, either exported or burnt away into the sky, are set to play a big role in stemming the continent's crippling electricity void, a shift that should boost economies and small-cap energy firms. Driven by huge recent finds in East Africa, sub-Saharan gas...

  • Falling oil prices shake up global economies Thursday, 16 Oct 2014 | 3:02 AM ET

    The global price of oil closed at $84.47 per barrel Thursday, down about $31, or 27 percent, from its high point for the year. "The problem is that countries get accustomed to a certain level of income, and then spend," says Edward Chow, a senior fellow at the Center for Strategic and International Studies. Increased production in the U.S., Canada, Iraq and elsewhere made up...

  • WASHINGTON, Oct 15- Lockheed Martin Corp said on Wednesday it had made a technological breakthrough in developing a power source based on nuclear fusion, and the first reactors, small enough to fit on the back of a truck, could be ready for use in a decade. Tom McGuire, who heads the project, said he and a small team had been working on fusion energy at Lockheed's...

  • You might hope for a sense of realism and practical moves to address the issues, but instead the World Coal Conference in Copenhagen this week was characterised by what seemed like a state of denial. Spot thermal coal at Australia's Newcastle port fell to $64.92 a tonne in the week ended Oct. 10, 1 cent higher than the previous week, which was the lowest since...

  • *Denmark, Finland seen shutting abt 2,000 MW of condensing power. Fossil power plants in Finland and Denmark act as swing-producers, helping to meet demand when hydropower production in Norway and Sweden falls due to dry weather. "Demand for coal condensing power in the Nordic power market has decreased as a result of the economic recession and the drop in the...

  • Lockheed says makes breakthrough on fusion energy project Wednesday, 15 Oct 2014 | 8:30 AM ET

    WASHINGTON, Oct 15- Lockheed Martin Corp said on Wednesday it had made a technological breakthrough in developing a power source based on nuclear fusion, and the first reactors, small enough to fit on the back of a truck, could be ready in a decade. Tom McGuire, who heads the project, said he and a small team had been working on fusion energy at Lockheed's secretive...

  • Germany set for dip in renewable energy subsidy Wednesday, 15 Oct 2014 | 7:22 AM ET

    BERLIN— The cost to Germans of subsidizing renewable energy is set to decline next year for the first time, though the impact on their electricity bills will be only slight. Chancellor Angela Merkel's government has made a priority of stemming the costs of Germany's transition to renewable energy and improving its coordination. The subsidy has mushroomed...

  • NM to offer state land for new solar power plants Wednesday, 15 Oct 2014 | 5:01 AM ET

    SANTA FE, N.M.— The State Land Office is accepting bids from companies interested in developing what would be New Mexico's largest solar power plant. Land Commissioner Ray Powell wants to lease four square miles of state trust land in southern New Mexico for the development of a 150- megawatt solar plant. Qualified bidders will compete for the lease during a Jan. 5...

  • *Firm developing world's biggest wind park in North Sea. OSLO, Oct 14- Wind farms will be built more and more in shallow seas, from China to the United States, as the industry imitates oil firms and moves offshore, the head of Europe's largest generator of renewable energy said on Tuesday. The company is a also part of a consortium developing Dogger Bank, the world's...

  • DUSSELDORF, Oct 13- The head of Germany's biggest utility, E.ON, said on Monday an EU package of 2030 targets for tackling climate change looks likely to bring deep carbon emissions cuts and early reforms to the bloc's Emissions Trading System. Leaders of the 28 EU countries meet on Oct. 23-24 to agree on a package of 2030 targets for emissions cuts, the deployment of...

  • *Some storage sites expected to be full by 2016. SEOUL, Oct 13- Among the usual commercials for beer, noodles and cars on South Korean TV, one item stands in marked contrast. It plans to cram those sites with more fuel than they were originally intended to hold while it looks for a permanent solution, suggesting little has been learned from the Fukushima disaster in...

  • Iran and the six- the United States, France, Germany, China, Russia and Britain- hope that resolving the more-than-decade-long nuclear standoff with Iran will reduce regional tensions and alleviate the risk of another war in the Middle East. Top diplomats of the United States, Iran and the European Union will meet in Vienna next week to work on a comprehensive deal...