OTTAWA, Oct 30- A major electricity transmission project linking the Canadian province of Quebec with New York City has cleared a significant hurdle, opening the door to construction within a year, the executive behind the proposal said on Thursday. Don Jessome, chief executive officer of Albany- based Transmission Developers Inc., said a U.S. presidential...» Read More
SHANGHAI, May 13- China's crude oil runs, oil demand and total base metals production unexpectedly fell in April from the preceding month, with slackening power generation also fanning concerns that the world's second-largest economy is not yet on a stable footing.
While adopting solar power in developed markets usually weighs on utility incumbents, Asia's players are likely to reap benefits, Bernstein said.
COPENHAGEN, May 9- Danish wind turbine maker Vestas made an unexpected return to profit in the first quarter, with a big rise in orders suggesting its turnaround drive is gaining traction.
May 8- General Electric, which wants to buy Alstom's energy businesses, is not in talks with Japanese conglomerate Toshiba Corp about the French company's power grid business, a GE France spokesman said on Thursday. The Nikkei business daily said Toshiba would offer to buy Alstom's power grid unit if GE purchased the French firm's energy businesses.
May 8- SunEdison Inc reported a larger-than-expected loss due to weak solar panel prices and higher costs associated with keeping rather than selling its solar power plants. SunEdison plans to create a public company that will own and operate the plants, but in the process is sacrificing near-term revenue for long-term profit.
May 7- SolarCity Corp, the largest residential solar panel installer in the United States, raised its full-year forecast for installations after reporting a smaller first-quarter loss. SolarCity's shares rose as much as 9 percent after the bell.
May 8- Toshiba Corp will offer to buy Alstom's power grid business for "several hundred billion yen" if General Electric Co completes its planned purchase of Alstom's energy business, the Nikkei newspaper reported. GE has offered to buy Alstom's energy business, which makes power generation systems along with power grids, for about $16.9 billion.
SAN FRANCISCO, May 7- Stanford University said on Tuesday it will no longer use any of its $18.7 billion endowment to invest in coal mining companies, a move aimed at combating climate change that could influence college administrations elsewhere.
LONDON, May 7- Britain is abandoning its market-based model for electricity and opting for much greater state control, as politicians intervene more aggressively in response to concern about rising bills, climate change and supply security.
SAN FRANCISCO, May 6- Stanford University on Tuesday said it will no longer use any of its $18.7 billion endowment to invest in coal mining companies, a move aimed at combating climate change that could influence college administrations elsewhere.
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.
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.
Energy Future filed for bankruptcy protection, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged.
The U.S. faces a natural gas supply shortfall this year despite the country's fracking boom, threatening more price spikes.
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
Nick Akins, American Electric Power president & CEO, explains how the polar vortex "substantially" helped the company's Q1 earnings and discusses threats to the national power grid.
US sailors are suing a Tokyo utility that operates the Fukushima Dai-ichi nuclear power plant, alleging it lied about radiation levels in the area.
The link between oil prices and solar energy stocks has broken down, and that may be a good thing for renewable firms.
The federal study found that if saboteurs attacked just nine substations, the country's power network could collapse. The Wall Street Journal reports.
CNBC's Tyler Mathisen reports a large explosion rocked East Harlem Wednesday, where a fire broke out seconds later.