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Electric Utilities

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  • Feb 18- Duke Energy Corp said it could reach a settlement with the U.S. government in the "next several days" over a federal grand jury probe into a coal ash spill in North Carolina's Dan River last February. A pipe break at a retired Duke coal plant triggered the third-worst coal ash spill in U.S. history, prompting North Carolina's Senate to ask Duke to close 33 coal...

  • Duke has been retiring some of its coal powered plants to comply with North Carolina's Coal Ash Management Act of 2014. The state's Senate has asked Duke to close 33 coal ash ponds within 15 years after coal ash was released into the Dan River from a retired plant in February last year. The company said it recorded a charge of 14 cents per share in anticipation of...

  • If history is a guide, then this is a safe bet, with state-controlled behemoth Coal India consistently failing to meet output targets and battling to supply enough fuel for the South Asian nation's electricity generators. The new government of Prime Minister Narendra Modi has shown some determination to reform India's vast coal sector, starting with making...

  • BOGOTA, Feb 17- U.S.-based Drummond said it expects coal production in Colombia this year to reach about 30 million tonnes as it increases mining even as prices remain low, its Colombia president Jose Miguel Linares said on Tuesday. Colombia's second biggest coal miner produced about 26.8 million tonnes last year, up 17.5 percent from 2013. The company is...

  • *First Solar says land, financing key in solar drive. NEW DELHI, Feb 15- India will struggle to hit its "hugely ambitious" renewable energy target if it fails to make more land available for plants and ensure utilities have the means to buy in clean energy, the head of U.S.-based First Solar said on Sunday. First Solar Chief Executive Jim Hughes said he welcomed the...

  • NEW DELHI, Feb 15- U.S.-based SunEdison and First Solar on Sunday committed to build more than 20,000 megawatts of clean energy capacity in India by 2022, a boost for Prime Minister Narendra Modi's efforts to meet ambitious renewable targets. SunEdison said it would build 15,200 MW of solar and wind power capacity by 2022, while First Solar made a commitment to...

  • BEIJING, Feb 12- China's installed capacity for grid-connected wind power rose nearly 26 percent to 96.37 gigawatts in 2014, accounting for 7 percent of the country's total, the National Energy Administration said on Thursday. The nation is on track to meet a wind capacity target of 100 GW set in its 2011-2015 "five-year plan" for the energy sector after a rapid...

  • *To pay dividend of 3.9 DKK a share vs forecast 4 DKK. COPENHAGEN, Feb 11- Danish wind turbine maker Vestas proposed its first dividend payment in 12 years after beating fourth-quarter profit forecasts, though its shares fell on what analysts described as conservative targets for 2015.. The dividend payment is a sign Vestas Wind Systems has finally turned the...

  • SAN FRANCISCO, Feb 10- Apple Inc will buy about $850 million of power from a new California solar farm to cut its energy bill, the iPhone maker said on Tuesday as its stock market value closed above $700 billion for the first time. The First Solar Inc plant, with the capacity to power the equivalent of 60,000 homes, will be used to supply electricity for Apple's new...

  • The Desert Sunlight Solar Farm, located in Riverside County about 170 miles east of downtown Los Angeles, was operating at full capacity and providing 550 megawatts of electricity to the grid, the Department of the Interior said. The power generated is being provided to Pacific Gas& Electric Company and Southern California Edison under long-term contracts,...

  • SAN FRANCISCO, Feb 10- Apple Inc Chief Executive Tim Cook said on Tuesday the technology company is investing $850 million to help build a solar farm in California with solar panel maker First Solar. The project in Monterey County, California will provide enough energy for 60,000 homes as well as Apple's head office in nearby Cupertino, Cook said at a Goldman...

  • Japan LNG spot price falls to $10.20/mmBtu in Jan Monday, 9 Feb 2015 | 10:30 PM ET

    Spot LNG contracted in January for delivery to Japan averaged $10.20 per million British thermal unit, down from $11.60 a month earlier, the Ministry of Economy, Trade and Industry said. Cargoes arriving last month averaged $13.90 per mmBtu, compared with $15.10 in December. Japan started releasing spot LNG prices in April 2014 to add transparency to the market...

  • BRUSSELS, Feb 9- Rich nations provided nearly $15 billion over a decade from 2003 to 2013 to fund exports of coal-fired power plant and coal mining technology, data seen by Reuters shows, defying calls to end subsidies for the most polluting of the fossil fuels. A document prepared late last year by the Paris- based Organisation for Economic Cooperation and...

  • The disaster exposed flaws in the national grid, pushed up prices and led to three of them, including Tepco, owner of the Fukushima plant, to turn to the government for aid. The growing ties between Chubu and Tepco may prompt mergers in the industry after the government opens up the $63 billion retail market from April 2016, said Tom O'Sullivan, founder of...

  • *PM Abbott wants to cut state support for industry. SYDNEY, Feb 8- Australia faces a A $17 billion exodus of investment from its windfarm industry because of a political deadlock, threatening to deal the country a major economic blow and kill hopes of meeting a self-imposed clean energy target. "It's a difficult time at the moment, and the policy uncertainty is the...

  • KUALA LUMPUR, Feb 6- Troubled state-owned investment fund 1 Malaysia Development Bhd has called off plans to sell up to 8.4 billion ringgit of Islamic bonds, two people familiar with the issue told Reuters on Saturday. Malaysian media had reported on Saturday that 1 MDB may pull out, thereby allowing Malaysia's largest power group Tenaga Nasional Bhd to take...

  • Japan aims to restart nuclear reactor in June -sources Thursday, 5 Feb 2015 | 9:49 PM ET

    TOKYO, Feb 6- Japan's government is aiming to restart a nuclear reactor by around June following a lengthy and politically-sensitive approval process in the wake of the Fukushima disaster, sources familiar with the plans said. Prime Minister Shinzo Abe's government has been pushing to bring some of the country's reactors back online after all 48 closed...

  • SHANGHAI/ HONG KONG, Feb 4- China Power Investment Corp is merging with the State Nuclear Power Technology Corp, as Beijing drives consolidation in its rapidly expanding nuclear power sector with the aim of eventually exporting reactors. "The merger will help them expand in China, and the overseas market in the long run," said Francois Morin, Beijing- based China...

  • SHANGHAI, Feb 4- Chinese power producer, China Power Investment Corp, is merging with the State Nuclear Power Technology Corp, as Beijing moves to consolidate its nuclear sector to boost exports of homemade reactors. Shanghai Electric Power Corp Ltd said its parent company, China Power Investment Corp, had got approval to start work on a merger with SNPTC, which...

  • BRASILIA/ SAO PAULO, Feb 3- A severe drought is accelerating Brazil's expected descent into recession, adding to President Dilma Rousseff's woes as she takes unpopular austerity measures and faces economic fallout from a corruption scandal at state-run oil company Petrobras. The minister, who asked not to be named, said water rationing looks inevitable in the...