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Electric Utilities

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  • SHANGHAI, June 1- China National Nuclear Power Co Ltd, a unit of one of the country's two state nuclear reactor builders, on Monday said it aims to raise 13.19 billion yuan in potentially the largest China IPO in almost four years. The company intends to issue 3.891 billion shares at 3.39 yuan a piece, and will start taking subscriptions from investors on Tuesday,...

  • BRASILIA, May 30- Three workers died and three were injured in an accident at the construction site of the massive hydroelectric dam Belo Monte in northern Brazil, the builder said on Saturday. The likes of Hollywood director James Cameron and the Inter-American Court on Human Rights have said Belo Monte would displace indigenous people in the Amazon.

  • May 29- Illinois has asked the federal energy regulator to investigate whether Dynegy Inc manipulated a power auction and to block $113 million in expected overcharges from that auction for the coming year, the regulator said on Friday. The charges will hit Illinois consumers who buy electric supply through Ameren Illinois, the local delivery service...

  • AES power charge for the future: CEO   Friday, 29 May 2015 | 6:51 AM ET
    AES power charge for the future: CEO

    Andrés Gluski, AES Corp. CEO, discusses his company's strategic alliance with Tesla's new batteries, and where they are finding success providing power.

  • *Yahoo Japan jumps on China business plan. TOKYO, May 29- Japan's Nikkei share average edged up on Friday on hopes of better shareholder returns, looking set to extend its winning streak to 11 straight sessions and its fifth straight month of gains. Nonetheless, the market is really firm, "said Toshiyuki Kanayama, market analyst at Monex Securities.

  • Wisconsin governor: Obama power plant rule 'unworkable' Thursday, 28 May 2015 | 5:25 PM ET

    Wisconsin will not comply with the president's plan without "significant and meaningful changes," Walker said. Wisconsin is among 15 coal-reliant states that are suing the Environmental Protection Agency to block the so-called Clean Power Plan, which would require states to cut carbon dioxide emissions by 30 percent by 2030.. In addition to those concerns,...

  • ST. PAUL, Minn.— A disgruntled contract employee who had been working at Xcel Energy's Monticello nuclear power plant harassed and threatened union officials before police discovered he had a carload of explosive materials and ammunition, prosecutors allege in a criminal complaint. Robert James Johnson, 58, of Sioux Falls, South Dakota, was charged in Ramsey...

  • Huge drop in West Virginia coal production forecast Thursday, 28 May 2015 | 11:02 AM ET

    CHARLESTON, W.Va.— West Virginia University researchers predict that state coal production will drop 39 percent compared with the industry's last high point in 2008— less-than-encouraging news for more than 1,800 coal miners who learned last week they would likely lose their jobs. The report rattles off a combination of familiar economic, geological and...

  • BNSF, power plant owner settle long-running rate dispute Thursday, 28 May 2015 | 10:42 AM ET

    LINCOLN, Neb.— Lincoln Electric System and other owners of a Wyoming power plant have settled their long-running rates dispute with BNSF Railway over what the railroad charged for delivering coal to the plant, which serves consumers in Nebraska and several other states. The settlement terms weren't released, but officials said Lincoln Electric System, which...

  • *Norway coal sales to affect up to $5 bln investment. OSLO, May 28- Norway's $900 billion wealth fund may have to sell its stakes in up to 75 companies once new rules for limiting coal investments go into effect in a radical shift meant to lessen the impact of climate change, officials said on Thursday. Environmental group Greenpeace predicted the fund would have to...

  • OSLO, May 27- Norway's $900 billion sovereign wealth fund, the world's largest, should cut its exposure to the global coal industry and sell stakes in firms that focus on the sector, a key parliamentary committee said on Wednesday. Already under pressure from Norway's political establishment, the fund has been selling down its coal portfolio and said its...

  • SAO PAULO, May 27- Brazil is considering an expanded role for private companies in nuclear power generation, as it looks to meet rising electricity demand and provide backup for a hydro system pushed to its limits, Energy Minister Eduardo Braga said on Wednesday. Braga, who calls nuclear power "a necessity but not a priority," wants up to four new reactors to provide...

  • New Mexico regulators delay decision on power plant Wednesday, 27 May 2015 | 11:54 AM ET

    SANTA FE, N.M.— New Mexico regulators on Wednesday gave Public Service Co. of New Mexico more time to ink agreements with a mining company, further delaying a decision that will affect the future of a coal-fired power plant that provides electricity to customers around the Southwest. The Public Regulation Commission voted 4-1 in favor of an order that sets a new...

  • China coal production falls in first 4 months of year Wednesday, 27 May 2015 | 6:13 AM 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...

  • 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...