Electric Utilities


  • *First speech ever by an EPA head at CERAWeek. McCarthy's speech in Houston to IHS CERAWeek, the largest meeting of energy executives in the world, was the first by an EPA administrator since the conference began 33 years ago.

  • LONDON, March 6- South African power utility Eskom declared a stage three power emergency on Thursday, implementing a programme of rolling blackouts to reduce demand and stabilise the grid.

  • March 5- Canadian Solar Inc forecast weaker-than-expected revenue for the first quarter and blamed severe winter in North America for delays in construction of power plants, sending its shares down 10 percent.

  • March 5- Canadian Solar Inc warned of a drop in current-quarter revenue as about $100 million in sales were deferred after a severe winter in North America delayed construction of power plants. Canadian Solar shares fell 5.5 percent to $41.25 in trading before the bell on Wednesday.

  • March 4- Chinese solar company Trina Solar Ltd forecast an up to 47 percent jump in full-year panel shipments due to growing demand from both Japan and its home market, sending its shares up about 2 percent before the bell.

  • LUSBY, Md., March 2- Maps of Indian and Japanese ports paper the walls of a Dominion Resources Inc conference room in a small Maryland town, population 1,835, known more for crabbing and bird watching than global trade and the U.S. natural gas revolution.

  • NEW YORK, March 1- Berkshire Hathaway released its annual letter to shareholders on Saturday, written with Chief Executive Warren Buffett's usual combination of common-sense advice and belief in the power of investing. Following are highlights of the letter.

  • BEIJING, Feb 28- China's environment ministry has given the initial go-ahead for the construction of two new AP1000 nuclear reactors designed by U.S.-based Westinghouse in the eastern coastal province of Shandong, it said late on Thursday.

  • EXCLUSIVE-GE seeks buyer for fuel dispenser unit-sources Thursday, 27 Feb 2014 | 12:46 PM ET

    NEW YORK, Feb 27- General Electric Co is preparing to sell its energy unit that makes fuel dispensers in a deal that is expected to fetch more than $500 million, people familiar with the matter said on Thursday. Wayne was part of Dresser Inc, the energy infrastructure company that GE bought in 2010 for $3 billion.

  • SINGAPORE, Feb 27- Many power utilities in Asia appear to be making what seems like an increasingly risky bet: that poorer quality coal from Indonesia will remain cheap and plentiful. Generators from India to Southeast Asia and China are building or planning new coal-fired units designed to run on low-rank, sub-bituminous coal from Indonesia.

  • NEW DELHI, Feb 27- India's drive to break an infrastructure investment logjam has come too late to revive the economy before the forthcoming general election- and it could be years before it pays growth dividends for the next government.

  • BOSTON, Feb 26- Cape Wind said on Wednesday it has secured $600 million in financing for its proposed $2.5 billion wind power farm off the Massachusetts coast, and expects to have the rest locked up by the end of the third quarter.

  • LONDON, Feb 26- Smart grids and reformed electricity pricing are essential to decarbonising Britain's electricity system at lowest cost while maintaining secure and reliable supply, but the public remains "ambivalent" about them, according to researchers.

  • Feb 25- U.S. solar company First Solar Inc reported a lower-than-expected quarterly profit and forecast weak first-quarter earnings, hit by irregular revenue from its solar projects. "First Solar's earnings are hyper-choppy due to project revenue recognition," Raymond James analyst Pavel Molchanov said on Tuesday.

  • TRIPOLI, Feb 25- More than 100 rockets fired in clashes between rival government-paid militia have knocked out a power plant in southern Libya, heightening the risk of summer blackouts, the electricity minister said on Tuesday. "This is the chaos Libya lives in," the visibly-annoyed minister, Ali Mohammed Muhairiq, told a televised news conference.

  • TRIPOLI, Feb 25- More than 100 rockets fired by government-payrolled rival gunmen rained down on a Libyan power plant and electrical blackouts could result this summer, the country's electricity minister said on Tuesday.

  • Energy Secretary Ernest Moniz will travel to Waynesboro, Georgia, on Thursday to mark the completion of an agreement backing the construction of two new reactors at Southern Co's Vogtle nuclear power plant, the Department of Energy announced on Wednesday.

  • FACTBOX-Aluminium smelter cutbacks and closures Tuesday, 18 Feb 2014 | 4:54 PM ET

    On Monday, Alcoa Inc said it will close its 50- year-old Point Henry aluminium smelter and two rolling mills in Australia after a two-year review. Russia's Rusal estimates that producers outside of China eliminated up to 1.2 million tonnes of capacity last year and further reductions of 1 million-1.5 million tonnes are expected in 2014..

  • VIENNA, Feb 18- Six world powers and Iran began "substantive" talks on Tuesday in pursuit of a final settlement on Tehran's contested nuclear programme in the coming months despite caveats from both sides that a breakthrough deal may prove impossible.

  • VIENNA, Feb 18- Six world powers and Iran began talks on Tuesday in pursuit of a final settlement on Tehran's contested nuclear programme in coming months despite caveats from both sides that a breakthrough deal may prove impossible.