Dec 11- Fortis Inc has reached a friendly deal to buy Arizona- focused utility UNS Energy Corp for about $2.5 billion in cash, the Canadian power company said on Wednesday, as it looks to expand its presence in the United States.» Read More
July 2- A second day of conservation efforts and slightly lower temperatures helped the California power grid avoid potential problems on Tuesday as a widespread heat wave across the West begins to moderate.
DAR ES SALAAM, July 2- Nigerian businessman Tony Elumelu, who backed President Barack Obama's Africa Power initiative with a $2.5 billion investment pledge, said on Tuesday the lack of competition in the continent's nascent power sector makes it an investment gem.
The California ISO, which operates the grid in most of California and Nevada, forecast peak demand topping 47,100 megawatts on Tuesday and 47,200 MW on Wednesday. The mercury in San Jose, the biggest city in northern California, will hit 96 degrees on Tuesday, 15 degrees over normal, before sliding to 87 on Wednesday, AccuWeather.com said.
TOKYO, July 2- A consortium including Mitsubishi Corp and Japanese and Canadian pension funds will buy a U.S. gas-fired power plant in Michigan this month for nearly 200 billion yen, the Nikkei business daily reported on Tuesday.
HOUSTON, July 1- The cost to finish building Southern Co's controversial coal-gasification power plant in Kemper County, Mississippi, may increase by at least $160 million to $4.5 billion or more, or more than double initial cost estimates, the company said in a filing with regulators.
RIO DE JANEIRO, July 1- Brazilian billionaire Eike Batista's flagship oil company OGX Petroleo e Gas SA slashed capital spending on Monday and pulled the plug on three offshore oil prospects, the latest move by his EBX Group to bolster finances and avert collapse.
LONDON, July 1- Used right, the new generation of smart power meters could cut peak electricity consumption by up to 20 percent, avoiding the need to construct 2,000 new power plants across the United States. Installing them, however, is the easy part.
*Coal industry critical of Obama's climate change plan. VIENNA, June 30- The U.S. government is not waging a "war on coal" but rather expects it to still play a significant role, U.S. Energy Secretary Ernest Moniz said on Sunday, rejecting criticism of President Barack Obama's climate change plan.
LONDON, June 28- For a few hours in the dark, cold winter evenings between October 2015 and March 2016, Britain's National Grid may come uncomfortably close to being forced to disconnect some electricity customers as demand exceeds supply.
June 28- MidAmerican Energy Holdings Co said its Solar Star Funding LLC completed a $1 billion, 5.375 percent notes offering to fund continued construction of its 579- megawatt Solar Star 1 and 2 projects in southern California.
June 27- Detroit's emergency manager issued a flurry of announcements on Thursday addressing union contracts, power distribution and an errant council president as he steps up the pace of efforts to tackle the city's massive $18.5 billion debt problem.
LONDON, June 27- Britain's new support plans for renewable energy confirm that offshore wind is the most expensive green power technology, raising the question why the country is placing so much faith in it.
WASHINGTON, June 26- The World Bank plans to limit the financing it provides for coal-fired power plants to "rare circumstances" as part of the global financial body's efforts to address the impact of climate change.
June 26- California power prices edged higher on forecasts for increased cooling demand during a heat wave and amid the unexpected shutdown of a giant nuclear power reactor, power traders said Wednesday.
NEW YORK, June 26- Global electricity generation from renewable energy sources will rise 40 percent in the next five years, outpacing natural gas, as China and other developing countries expand capacity, according to a report from the International Energy Agency on Wednesday.
Industry groups and coal-reliant states have already signaled that they will challenge power plant regulations if they feel the EPA produces a plan that has overly strict timetables or emissions limits that "violate the spirit of the Clean Air Act," one industry representative said.
WASHINGTON, June 25- President Barack Obama will kick-start a global climate agenda on Tuesday with a plan to limit carbon pollution from all U.S. power plants that is sure to face opposition from the coal industry, many business groups and Republican lawmakers.
WASHINGTON, June 25- President Barack Obama will attempt to kick-start a global climate agenda on Tuesday with proposals including a plan to limit carbon emissions from existing U.S. power plants that is sure to face opposition from the coal industry, many business groups and Republican lawmakers.
WASHINGTON, June 25- The White House on Tuesday released a plan to cut global carbon pollution and address the effects of climate change in three broad ways: cutting carbon pollution domestically, preparing the country to be resilient to climate impacts, and leading international efforts to target climate change.
The National Weather Service issued severe thunderstorm watches and warnings for portions of south-central and southeastern Iowa, northwestern Illinois and northern Missouri through Monday evening.