The Blackstone Group will partner on a new push to develop utility scale wind and solar power projects in North America. Blackstone is teaming up with Matthew Roseblum, the founder and CEO at Solops, to create Onyx Renewable Partners. Shares of Blackstone Group LP rose 3 percent to $30.32 by midday, ahead of broader market gains.» Read More
MAIN PRIVATISATION DEALS AGREED SO FAR 2011- Sale of 10 percent stake in telecoms firm OTE to Germany's Deutsche Telekom- 10- year extension of gaming concession of gambling monopoly OPAP until 2030- Granting of license to OPAP to install 35,000 video gambling slots- Sale of frequency spectrum to Greek mobile telephony companies- Sale of 2 Airbus jets previously owned by former state carrier Olympic Airways.
WILMINGTON, Del, May 1- The largest power company in Texas, Energy Future Holdings Corp, began its bankruptcy turnaround by securing approval for an interim loan after seven hours of contentious arguments in a Delaware bankruptcy court.
WILMINGTON, Del, May 1- Hearings kicked off one of the biggest-ever U.S. bankruptcies on Thursday with creditors of Energy Future Holdings Corp, the largest power company in Texas, airing grievances over timing, value and how to administer the case.
--Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, May 1- There is a glimmer of hope for Asian coal miners with the forward curves for various grades of the fuel starting to point to higher prices in the second half of the year.
TOKYO, April 30- Japan's nuclear-reliant utilities reported losses for the third straight year and warned of further electricity rate hikes to pay for surging fuel imports as they face an uncertain outlook for restarting idled reactors.
*Murata, Fujitsu jump on upbeat guidance. Dow and solid earnings from brokerage firms such as Nomura Holdings, and some manufacturers. "At least he seems to have considered not completely denying future easing," said Eiji Kinouchi, chief technical analyst at Daiwa Securities.
Nuclear power producer Exelon Corp. said it would buy Pepco Holdings for $6.83 billion to create the biggest mid-Atlantic electric and gas utility.
HOUSTON, April 30- Texas- based power company Energy Future Holdings has $11.8 billion in debtor-in-possession loans to back operations through the massive Chapter 11 bankruptcy that it filed for on Tuesday.
LONDON, April 30- Demand response programmes, where customers are given a financial incentive to reduce power consumption at times of peak demand, are playing an increasingly important role in the U.S. power market.
KUALA LUMPUR/ VANCOUVER, April 30- A plan by Malaysian state-owned oil firm Petronas to build an $11 billion liquefied natural gas export terminal on Canada's Pacific Coast gained momentum on Tuesday with China's Sinopec Group and a Chinese state utility joining the project.
April 30- Nuclear power company Exelon Corp agreed to buy utility company Pepco Holdings Inc for more than $5.4 billion in cash, Bloomberg reported, citing people familiar with the transaction. Pepco, with a market capitalization of about $5.71 billion, operates utilities in Delaware, Maryland and New Jersey and serves about 2 million customers.
Energy Future filed for bankruptcy protection, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged.
April 29- Energy Future Holdings, a Texas power company, filed for bankruptcy protection on Tuesday, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged. The company said it entered bankruptcy with significant deals in place with creditors that would eliminate approximately $40 billion in debt.
April 29- Leading Texas power company Energy Future Holdings filed for bankruptcy on Tuesday, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged.
April 29- A unit of Texas power company Energy Future Holdings, Texas Competitive Electric Holdings Co LLC, filed for bankruptcy on Tuesday, seven years after Energy Future's record leveraged buyout stacked it with debt just as electricity prices plunged.
LONDON, April 29- Electrification was the greatest achievement of the 20th century, according to the U.S. Academy of Engineering. More than 300 million people in India were without access to electricity, which the International Energy Agency defines as consuming at least 250 kilowatt-hours per year for a rural household and 500 kilowatt-hours for an urban one.
The U.S. faces a natural gas supply shortfall this year despite the country's fracking boom, threatening more price spikes.
NEW YORK, April 28- The United States faces a natural gas supply shortfall this year despite the country's fracking boom, threatening more price spikes as energy companies struggle to replenish stockpiles drained to critically low levels after a brutal winter.
PARIS, April 26- General Electric boss Jeff Immelt is due in Paris on Sunday and is expected to meet France's economy minister as he closes in on a deal to buy the global power arm of struggling French engineer Alstom, sources close to the matter said. Some put a $13 billion valuation on Alstom's turbines and power grid equipment business.
GE boss is due in Paris on Sunday and is expected to meet France's economy minister as he closes in on a deal to buy the power arm of French engineer Alstom