NEW YORK— Independent power producer Calpine said Friday will sell six power plants in the Southeast to LS Power for $1.57 billion.» Read More
MANILA, Nov 9- Typhoon Haiyan, possibly the strongest storm ever to hit land, was barrelling out of the Philippines on Saturday after it flattened houses, triggered landslides and floods and knocked out power and communications across a number of islands.
HONG KONG, Nov 8- China's loss-making solar panel makers believe they may have found a way out of their nightmare- by becoming one-stop renewable energy shops with their own solar farms. "Definitely the trend is Chinese manufacturers will make more downstream investment," said a senior official at Chinese solar panel maker Canadian Solar.
Nov 7 (Reuters)- James River Coal Co idled four more mines in Central Appalachia and temporarily laid off about 200 employees as the company looks to shore up its precarious cash position amid weak coal prices. "The balance sheet continues to be the critical issue to watch for James River Coal," Simmons& Co analyst Bill Herbert said in a note.
Nov 7- James River Coal Co said it idled four mines in eastern Kentucky in Central Appalachia and temporarily laid off about 200 employees as coal prices fall further. James River Coal shares were down about 0.5 percent in trading before the bell, after the coal miner reported a slide in shipments and a bigger loss for the third quarter.
By Meeyoung Cho and Jane Chung. SEOUL, Nov 7- South Korea should reduce its reliance on nuclear power as advised by a working group last month but should clarify how many new reactors will be added in absolute terms, participants at a public congressional hearing said on Thursday.
*U.S. wants first step from Iran to curb nuclear activity. GENEVA, Nov 7- World powers will seek to hammer out a breakthrough deal with Iran to start resolving a decade-old dispute over its nuclear programme in two-day talks that begin on Thursday, although both sides say an agreement is far from certain.
HOUSTON, Nov 6- Power companies operating in competitive U.S. power markets are struggling to make money under rules and regulations that were not designed for the rapidly changing electricity landscape, a top power company executive said on Wednesday.
*U.S. wants first step from Iran to curb nuclear activity. GENEVA, Nov 7- World powers will seek to hammer out a breakthrough deal with Iran to start resolving a decade-old dispute over its nuclear programme in two-day talks that begin on Thursday, though both sides say an agreement is far from certain.
Nov 6- SunEdison Inc broke even in the third quarter after posting two straight quarterly losses and said it could spin off some solar power plants next year into a new publicly listed company. SunEdison shares rose 8 percent to $11.22 on Wednesday afternoon on the New York Stock Exchange.
Nov 6- Duke Energy Corp, the largest U.S. power company, posted a lower-than-expected quarterly profit on Wednesday, primarily due to wet, cool weather in North and South Carolina that reduced demand for air conditioning. Third-quarter net income was $1 billion, or $1.42 per share, compared with $594 million, or 85 cents per share, a year earlier.
TOKYO, Nov 6- Tokyo Electric Power Co, the operator of the wrecked Fukushima nuclear station, will propose restarting another of its atomic plants next July in a new business plan to be released in December, the Yomiuri newspaper reported on Wednesday.
LONDON/ BRUSSELS, Nov 5- Europeans are paying the steepest energy bills in four years and face ever higher payments as governments pile on extra charges to help finance a 1 trillion euro modernisation of Europe's energy infrastructure.
TOKYO, Nov 4- The operator of Japan's wrecked Fukushima nuclear plant is working on a reorganization plan to fend off more drastic proposals, including possibly dragging the company through bankruptcy in return for a publicly funded clean-up and shutdown of the reactors.
WASHINGTON, Nov 1- A "significant milestone" is at hand for cleanup of Japan's Fukushima nuclear plant, with spent nuclear fuel removal likely to start on schedule, the U.S. "It appears that spent nuclear fuel will begin to be removed from Unit 4 as scheduled in mid-November," Ernest Moniz said in a statement.
RIO DE JANEIRO/ SAO PAULO, Oct 31- Brazilian tycoon Eike Batista's oil company OGX Petróleo e Gas Participações SA agreed on Thursday to sell its 67 percent stake in its natural gas unit for 344 million reais, the day after it filed for bankruptcy protection.
SAO PAULO, Oct 31- Brazilian investment firm Cambuhy Investimentos Ltda and Germany's E.ON SE joined to buy control of OGX Petróleo e Gás Participações SA's gas unit for 250 million reais, helping the beleaguered oil company raise funds after seeking court protection from creditors.
*Cuts 2013 capital budget to $260 mln- $290 mln from $275 mln- $325 mln. Alpha Natural, which mines both thermal coal used in power generation and metallurgical coal used in steel-making, cut its 2013 expenditure target to $260 million- $290 million from $275 million- $325 million.
*Germany installed 25 GW of solar capacity since 2010. FRANKFURT/ DUESSELDORF, Oct 31- A latecomer to renewable energy, Germany's RWE is trying to turn itself green at a time when it lacks the two resources it needs most: time and money.
TOKYO, Oct 31- Tokyo Electric Power Co reported its first half-year profit since the Fukushima nuclear disaster in 2011, but faces an uncertain future as the government threatens to split the utility, which has struggled with cleaning up the site.
RIO DE JANEIRO, Oct 30- OGX Petróleo e Gas Participações SA, the Brazilian oil company controlled by former billionaire Eike Batista, sought court protection from creditors on Wednesday in Latin America's largest-ever corporate bankruptcy filing.