Electric Utilities


  • Oct 30- Coal miner Walter Energy Inc reported a bigger-than-expected quarterly adjusted loss due to weak prices of steel-making coal, its main product. However, Walter Energy Chief Executive Walt Scheller said prices were beginning to improve. Walter Energy reported a net loss of $100.7 million, or $1.61 per share, for the third quarter ended Sept. 30.

  • BEIJING, Oct 30- The United States is committed to working with China on the development of new nuclear reactors in both countries and will also encourage joint bids for projects elsewhere, U.S.

  • French energy groups create Paris solar power R&D hub Tuesday, 29 Oct 2013 | 3:17 PM ET

    PARIS, Oct 29- French energy giants Total and EDF said they were joining forces with French research institutes and schools to create a solar energy research institute south of Paris, with a 150 million euro budget.

  • LONDON, Oct 29- Britain's gas and electricity retailers will have to be much more transparent about how they buy wholesale supplies on behalf of their customers if they are to defuse the political storm that has erupted over energy bills and restore trust among bill-payers.

  • SINGAPORE, Oct 29- South Korea may struggle to cut its reliance on nuclear power, as a working group has suggested it do, because the country has no natural resources to fill its huge energy requirements, the International Atomic Energy Agency said on Tuesday. South Korea has to import nearly all of the oil, gas and coal that it uses to meet its energy and fuel needs.

  • WELLINGTON, Oct 29- Meridian Energy Ltd staged a successful debut on Tuesday after New Zealand's government went to great lengths to win over investors, but even more in the way of sweeteners may be needed for the country's next asset sale.

  • LAUNCESTON, Australia, Oct 29- The stage is set for higher spot Asian liquefied natural gas prices as a cooler winter looms, China faces a gas shortfall, India buys more and nuclear power remains idled in Japan and South Korea.

  • NIIGATA, Japan, Oct 28- Tokyo Electric Power Co must give a fuller account of the Fukushima disaster and address its "institutionalised lying" before it can expect to restart another nuclear station, the world's largest, said a local government official who holds an effective veto over the utility's revival plan.

  • Oct 28- Consol Energy Inc said on Monday it will sell five West Virginia coal mines to privately held Murray Energy Corp amid regulatory uncertainty and as it focuses more on the growth of its natural gas operations. Civil War, is selling the mines for $850 million cash, as well as $184 million in future royalty payments for its coal reserves.

  • SEOUL, Oct 28- It started with a few bogus safety certificates for cables shutting a handful of South Korean nuclear reactors. A shift away from nuclear, which generates a third of South Korea's electricity, could cost tens of billions of dollars a year by boosting imports of liquefied natural gas, oil or coal.

  • SEOUL, Oct 28- It started with a few bogus safety certificates for cables shutting a handful of South Korean nuclear reactors. A shift away from nuclear, which generates a third of South Korea's electricity, could cost tens of billions of dollars a year by boosting imports of liquefied natural gas, oil or coal.

  • Shares of Tesla Motors Inc have soared more than 410 percent this year as the electric car maker, run by billionaire Elon Musk, beat Wall Street's earnings estimates and forced hedge fund managers who had shorted the stock to buy it to cover their positions.

  • *Glencore, Sumitomo to own 25.05 percent each. *Glencore to manage asset and marketing. MELBOURNE/ LONDON, Oct 25- Rio Tinto has agreed to sell its majority stake in Australia's third-largest thermal coal mine to Glencore Xstrata and Japan's Sumitomo Corporation for just over $1 billion, pushing ahead with plans to focus on larger, core operations.

  • *Figures provide a boost to finance minister George Osborne. LONDON, Oct 25- Britain's economy picked up more speed between July and September, growing at its fastest pace in more than three years and building on an unexpected turnaround that has buoyed the government.

  • Poland could halve demand for coal by 2030, study says Friday, 25 Oct 2013 | 12:00 AM ET

    *Coal- dependent Poland could shift strongly to renewable energy- study. OSLO, Oct 25- Poland could halve its demand for coal by 2030 with a shift to renewable energies that would end its image as a laggard in European Union efforts to slow climate change, a study showed on Friday.

  • Sept 24- Privately held power generator Competitive Power Ventures started construction on the $845 million Woodbridge natural gas-fired power plant in New Jersey on Wednesday.

  • Steve Holliday, National Grid CEO, discusses what his company has done to secure power service and protect customers from storms like Superstorm Sandy.

  • RIO DE JANEIRO, Oct 23- Eneva SA, the Brazilian electricity-generation company controlled by Germany's E.ON, began commercial operations at its third natural gas-fired power plant in Brazil's northeast, the company said on Wednesday in a statement.

  • WASHINGTON, Oct 23- The Environmental Protection Agency on Wednesday kicked off an 11- city "listening tour" as part of its effort to craft emissions rules for existing power plants under the Obama administration's strategy to address climate change. The tour started in New York and Atlanta, with meetings wrapping up on Nov. 8.

  • U.S. power plant emissions tumble on shift to natural gas Wednesday, 23 Oct 2013 | 1:33 PM ET

    The fleet of exiting power plants will be the main target of President Barack Obama's climate action plan, which requires the EPA to propose a rule to regulate their emissions by June 2014. The EPA on Wednesday kicked off an 11- city listening session tour to solicit feedback from states that will need to implement plans to reduce power plant emissions.

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