Electric Utilities
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BERLIN, Jan 22- Wholesale power prices in Germany are at their lowest in more than three years, undermining the profitability of fossil fuel power generation and trading, and yet 40 million households pay record prices well above European Union averages.
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Jan 18- More than 146,000 homes and businesses were without power in the Virginia area Friday morning as a snowstorm batters the region, power companies said. In addition to Virginia, the outages affected customers in Tennessee, West Virginia and the Carolinas. The following is a list of some of the hardest hit utilities.
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NEW YORK/ LONDON, Jan 18- Global prices for liquefied natural gas are rising toward record highs this year as increasing demand runs up against stuttering supply, threatening to drive up fuel costs in some of the world's biggest economies.
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KUALA LUMPUR, Jan 18- Malaysian economist Azrul Azwar gave a presentation in Singapore last week that cost him his job.
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BOSTON, Jan 16- A computer virus attacked a turbine control system at a U.S. power company last fall when a technician unknowingly inserted an infected USB computer drive into the network, keeping a plant off line for three weeks, according to a report posted on a U.S. government website.
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BOSTON, Jan 16- A computer virus attacked a turbine control system at a U.S. power company when a technician unknowingly inserted an infected USB computer drive into the network, keeping a plant off line for three weeks, according to a recent U.S. government report.
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BRASILIA, Jan 15- Summer rains falling across Brazil have dispelled any danger of power rationing in the world's sixth largest economy, Energy Minister Edison Lobao said on Tuesday, insisting that the government sees no need to increase emergency natural gas imports to keep thermoelectric plants running. "
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*NERC wants to see Texas plan by April 30. *Texas regulators divided on long-term solution. HOUSTON, Jan 14- The top U.S. power grid watchdog has turned up the heat on Texas to address a looming shortage of electric capacity that increases the likelihood of rolling outages.
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HOUSTON, Jan 14- The top U.S. power grid watchdog has turned up the heat on Texas to address a looming shortage of electric capacity that increases the likelihood of rolling outages.
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ATHENS, Jan 13- Greece raised electricity prices for households by up to 15 percent this year to help state-controlled power company PPC cover costs for transmission rights, the government said on Sunday.
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BRASILIA, Jan 9- Brazil looks less vulnerable today to an energy crisis similar to one in 2001 that cut output at factories, lopped about a percentage point off economic growth, and led millions of people to spend their nights by candlelight.
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BRASILIA, Jan 9- Brazil looks less vulnerable today to an energy crisis similar to one in 2001 that cut output at factories, lopped about a percentage point off economic growth, and led millions of people to spend their nights by candlelight.
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BRASILIA, Jan 8- President Dilma Rousseff cut short her vacation on Tuesday to deal with a budding energy crisis that could wreck her efforts to restore vitality to Brazil's economy this year. Rousseff flew back to Brasilia on Tuesday and will sign off on steps to stem the crisis that energy officials are expected to propose on Wednesday.
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CNBC's Bertha Coombs reports on New Jersey Governor Chris Christie's State of the State Address.
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LONDON, Jan 8- Turkey is turning to its own coal, worried about dependence on pricier gas from Iran and Russia, after a deal with a UAE company which will boost its coal-fired power capacity by two thirds.
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LONDON, Jan 8- The latest short-term extension of a U.S. wind tax credit risks creating a glut of capacity unless states ratchet up regional renewable power targets. It works by providing a tax credit of 2.2 cents a kilowatt hour of power generation for the first 10 years of operation. Currently 29 states and the District of
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*National Grid operates LIPA's power system. The Moreland Commission, set up by New York Governor Andrew Cuomo, found that LIPA had a "dysfunctional management structure" that led to an operational and communications disconnect between LIPA and National Grid, and an inadequate response to Sandy.
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BRASILIA, Jan 7- Brazil is facing the possibility of widespread energy rationing for the first time since 2001 due to a hot, dry summer that has deprived hydroelectric dams of the water they need and driven up power consumption in stifling cities. Brazil's stock market shed 1.04 percent on Monday as rationing fears intensified.
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LIPA, a state-owned entity with just 100 employees, provides power on Long Island through a services agreement with UK power company National Grid Plc.
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BRASILIA, Jan 7- Brazil is facing the risk of widespread energy rationing for the first time since 2001 due to a hot, dry summer that has deprived hydroelectric dams of the water they need and driven up power consumption in stifling cities. Brazil's stock market shed nearly 1 percent on Monday as rationing fears intensified.
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