Electric Utilities
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LONDON, May 10- Vitol, the world's largest oil trader, has agreed to purchase one of Britain's largest and most modern power plants from Phillips 66 as it builds on a strategy to invest in physical assets.
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LONDON, May 9- U.S. solar module maker and project developer First Solar illustrates wider industry efforts to secure new markets in a shift away from the United States and Europe.
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LONDON, May 8- Morocco is set to pay more for its solar power than far richer countries such as Germany and should switch tack to cheaper solar technologies that can compete better with wind, oil and coal.
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WASHINGTON, May 7- President Barack Obama will meet with chief executives of electric utility companies on Wednesday to discuss how prepared they are for another storm like Sandy, which knocked out power to 8.6 million customers in the U.S. northeast last year.
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May 7- U.S. power company FirstEnergy Corp said on Tuesday it hired an adviser and started implementing its plan to sell up to 1,240 megawatts of unregulated non-core hydro generation assets.
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shut the 566- megawatt Kewaunee nuclear power plant in Wisconsin on Tuesday, as planned. Dominion said in October it would shut Kewaunee, even though its operating license does not expire until 2033, after failing to find a buyer for the plant due to economic reasons related in part to low natural gas and power prices.
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shut the 566- megawatt Kewaunee nuclear power plant in Wisconsin on Tuesday, as planned. Dominion announced in October it would shut Kewaunee, even though its operating license does not expire until 2033, after failing to find a buyer for the plant due to economic reasons related in part to low natural gas and power prices.
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for Wednesday delivery came out at 38.21 euros per megawatt-hour on the Nordic power exchange Nord Pool Spot versus 40.93 euros for Tuesday. Combined power output in Denmark and Sweden was predicted to rise by 1,680 MW to 2,760 MW on Wednesday, Point Carbon said.
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MUSCAT, May 7- Two Omani electricity generating companies plan initial public offers of their shares around June next year, the companies said in statements on Tuesday. Both firms are owned by a consortium comprising GDF Suez.
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LONDON, May 7- U.S. coal miners have been among the biggest victims of the shale revolution and tougher emission controls on power plants. U.S. coal miners produced about 1,016 million short tons last year, down just over 7 percent from 1,094 million tons a decade earlier, according to estimates published by the U.S. Energy Information Administration.
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*Endesa core profit down 8 percent to 1.7 billion euros. *Gas Natural core profit rises slightly on growth abroad. MADRID, May 7- Profit at Spain's main utilities Endesa and Gas Natural showed the impact of weak energy demand in the recession-hit economy and a new power generation tax meant to correct a sector deficit.
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PRAGUE, May 7- Czech electricity producer CEZ. CEZ attributed the strong first-quarter numbers to an end of its operations in Albania, an exceptional profit from trading in carbon permits, and incorporation of heating firm Energotrans into the CEZ group.
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LONDON, May 7- EDF Energy's Hartlepool 2 nuclear power plant in north-east England was outputting electricity to the grid on Tuesday following a three-month outage, data from National Grid showed.
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SINGAPORE, May 7- Singapore LNG started commercial operations of its S $1.7 billion liquefied natural gas terminal, receiving its first cargo of gas super chilled into liquid for shipping, the company said in a statement on Tuesday. BG Group Plc supplied the first cargo. The Britain- based company has a contract to supply 3 million tpy of LNG to the terminal.
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FRANKFURT, May 6- German spot power prices rose on Monday on tighter supply and more demand at the start of the week, while French prices remained stable despite lower nuclear capacity. Power for Tuesday in Germany. rose by 2.10 euros to 37.85 euros per megawatt hour compared with Monday prices paid last week.
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BRUSSELS, May 6- Canada has lost an appeal at the World Trade Organization in a landmark case over incentives for electricity producers, the European Union said on Monday, ahead of the official publication of the appeal decision. Japan and the European Union brought the case over a scheme intended to promote green energy in the province of Ontario.
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May 6- General Electric Co said on Monday the renewal of the U.S. production tax credit has helped it sell wind turbines with 1 gigawatt of generating power since January.
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*Spot power for Tues set at 40.93 euros/ MWh. for Tuesday delivery came out at 40.93 euros per megawatt-hour on the Nordic power exchange versus 43.74 euros for Monday. eased by 25 cents to 36 euros per MWh after 1200 GMT, hit by wetter weather forecasts.
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FRANKFURT, May 6- A deal between E.ON SE. The deal had been seen as a possible precedent for how Germany ensures the survival of conventional power, whose profitability has been hit by a boom in subsidised renewable energy as the country phases out nuclear power.