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Electric Utilities

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  • TOKYO— A nuclear plant in southern Japan on Wednesday obtained the final permit needed to restart its reactors, paving the way for it to become the first to go back online under new safety standards introduced after the 2011 Fukushima disaster. All of Japan's more than 40 reactors are currently offline for repairs or safety inspections. The plant, owned by Kyushu...

  • China coal production falls in first 4 months of year Tuesday, 26 May 2015 | 10:22 PM ET

    BEIJING— Coal production in China, the world's biggest coal-consuming nation, fell by 6 percent in the first four months of this year as the economy slows and the government makes a concerted push to reduce carbon emissions. China uses roughly half of all of the world's coal production for power generation, heating and industry. Earlier this month, the...

  • May 26- Over 100,000 homes and businesses were still without power Tuesday afternoon after severe storms battered the U.S. Gulf Coast on Monday and Tuesday, according to local utilities. That is down from about 170,000 customers without service on Tuesday morning. The storms moved from west to east, hitting Texas first before moving on to Louisiana and...

  • Storm leaves 170,000 without power in U.S. Gulf Coast Tuesday, 26 May 2015 | 9:42 AM ET

    May 26- Almost 170,000 homes and businesses were without power early on Tuesday from Texas to Mississippi after severe storms battered the U.S. Gulf Coast states on Monday, according to local utilities. The storms moved from west to east, hitting Texas first. Power companies in Texas said they expect to restore power to most customers later on Tuesday, but would...

  • Pilgrim nuclear plant back online after $70M upgrade Tuesday, 26 May 2015 | 9:30 AM ET

    Entergy Corp., owner of the Pilgrim Nuclear Power Station in Plymouth, said control room operators reconnected the plant to the grid after a 35- day planned shutdown. John Dent, Entergy's site vice president, said in a statement that the project "resulted in a safer and more reliable plant." Entergy has owned the plant since 1999..

  • Nikkei's winning streak runs into profit-taking Monday, 25 May 2015 | 10:23 PM ET

    *Tomy falls after Marunouchi Capital sells entire stake. *Kyushu Electric rises after nuclear reactor restart announcement. TOKYO, May 26- Japan's Nikkei share average edged down on Tuesday morning, snapping a seven-day winning streak as investors took profits after the recent gains made on optimism over the economy's recovery and higher shareholder...

  • Prime Minister Shinzo Abe's government last month proposed bringing nuclear energy back to account for 20-22 percent of the nation's electricity mix by 2030, seeking to reduce Japan's huge reliance on imported fossil fuels and lift the economy out of two decades of anaemic growth. But slightly more than two-thirds of firms in the Reuters Corporate Survey,...

  • China approves China National Nuclear Power Corp IPO Friday, 22 May 2015 | 7:44 AM ET

    BEIJING, May 22- China approved the initial public offering of China National Nuclear Power Corp, one of the country's two state nuclear reactor builders, the securities regulator said in a statement on its official Weibo feed. According to the company's prospectus, which was filed on May 4 last year, CNNPC is a unit of state-owned nuclear developer CNNC Group, and...

  • *Enel plans to build 5 GW of renewable energy in Africa. PARIS, May 22- Italian utility Enel plans huge investments in renewable energy and grids in Africa, where it expects to find the kind of growth it has enjoyed in Latin America. Enel's chief executive officer Francesco Starace told Reuters that in five years Enel expects to have built up to 5,000 megawatts of...

  • TOKYO— Prime Minister Shinzo Abe's offer of $110 billion in fresh infrastructure financing for Asia is as much about Japan's agenda for selling its clean coal know-how and other technologies as it is about keeping up with China. Abe announced the commitment, topping the $100 billion China set for its newly created Asian Infrastructure Investment Bank, on...

  • The Public Regulation Commission is close to deciding whether to approve a plan by Public Service Co. of New Mexico to close part of the San Juan Generating Plant and replace it with a mix of more coal along with nuclear, natural gas and solar power. Members of the Association of Commerce and Industry, the Albuquerque Hispano Chamber of Commerce, Four Corners...

  • CORRECTED-Japan approves third nuclear plant for restart Wednesday, 20 May 2015 | 7:44 PM ET

    TOKYO, May 20- Japan's nuclear regulator signed off on the basic safety of a reactor at a third nuclear plant on Wednesday, as the country inches toward rebooting its atomic industry more than four years after the 2011 Fukushima disaster. The decision will be a boost for operator Shikoku Electric Power Co, which relied on its sole Ikata nuclear power station in...

  • What do you really get for a $7,000 Tesla home battery? Wednesday, 20 May 2015 | 2:28 PM ET

    NEW YORK— Elon Musk, the star CEO of the electric car company Tesla Motors and the rocket company SpaceX, staged an elaborate event last month to unveil a new product. Not a sleek new luxury car. And some homeowners, like Mike Thielen— who installed a Tesla battery prototype last year in his Redondo Beach, California, home as part of a state home storage testing program—...

  • Utility regulators keep wind power negotiations alive Wednesday, 20 May 2015 | 12:34 PM ET

    AUGUSTA, Maine— Utility regulators moved one step closer Wednesday to entering into a long-term contract with developers hoping to sell power generated by a wind project in Somerset County. The Maine Public Utilities Commission voted 2-1 to modify and approve the terms of an agreement with NextEra Energy Resources LLC to ensure that the state is getting the...

  • Shares in Chinese solar maker Hanergy plunge Wednesday, 20 May 2015 | 8:19 AM ET

    Shares in Hanergy Thin Film Power Group Ltd., a unit of Beijing- based Hanergy Holding Group, fell 47 percent on the Hong Kong stock exchange. Hanergy's rise made its founder, Li Hejun, one of China's richest entrepreneurs with a net worth estimated at $20 billion. It acquired Germany's Solibro and California's MiaSole in 2012 and said it wanted to become a leader in "...

  • Japan approves third nuclear plant for restart Tuesday, 19 May 2015 | 10:33 PM ET

    TOKYO, May 20- Japan's nuclear regulator signed off on the basic safety of a reactor at a third nuclear plant on Wednesday, as the country inches toward rebooting its atomic industry more than four years after the 2011 Fukushima disaster. The decision will be a boost for operator Shikoku Electric Power Co, which relied on its sole Ikata nuclear power station in...

  • PORT AUSTIN, Mich.— The sky above a tabletop-flat expanse of eastern Michigan farmland near Lake Huron is a well-traveled pathway for migratory birds journeying between summer nesting areas in Canada's boreal forests and wintering grounds to the south. Federal guidelines from the U.S. Fish and Wildlife Service urge wind energy developers to locate turbines...

  • May 19- Duke Energy Corp, the largest U.S. power company by generation capacity, said it would invest $1.1 billion to retire a coal-powered power plant in North Carolina and build a natural gas plant at the site over four to five years. Duke last week pleaded guilty to environmental crimes over a North Carolina power plant's coal ash spill and management of coal ash...

  • ASHEVILLE, N.C.— Duke Energy said Tuesday it will build a $750 million natural gas plant to replace its troubled coal-fired Asheville plant as the company turns to cleaner energy to generate electricity. The nation's largest electricity company also said it will invest $320 million to build a transmission substation near Campobello, South Carolina,...

  • May 19- Duke Energy Corp, the largest U.S. power company by generation capacity, said it would invest $1.1 billion to convert a coal-powered power plant in North Carolina into a natural gas plant over four to five years. Duke will retire the 376 megawatt coal plant in Asheville and spend about $750 million to build a 650 MW natural gas-fired power plant, the company...