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Electric Utilities

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  • Egypt says rolling blackouts to end in 4 months Wednesday, 20 Aug 2014 | 7:38 AM ET

    CAIRO— Top officials in Egypt promised Wednesday to end the rolling blackouts hitting the country in four months, blaming the outages on a fuel shortage, hot weather and poor maintenance of power plants. Neighborhoods in Egypt sink into darkness for hours during the day, leaving millions without power.

  • BOSTON, Aug 19- The U.S. Nuclear Regulatory Commission was "successfully hacked" three times in recent years in attacks involving tainted emails, according to an internal investigation on cyber attacks at the agency, Nextgov.com reported on Tuesday.

  • Aug 19- The U.S. Coast Guard closed a 15- mile stretch of the Ohio River on Tuesday after at least five thousand gallons of fuel oil spilled from a 60- year-old power plant owned by Duke Energy 20 miles east of Cincinnati, Ohio.

  • Aug 19- Five thousand gallons of fuel oil spilled into the Ohio River on Monday night from a 60- year-old coal-fired power plant owned by Duke Energy, the company said on Tuesday.

  • Duke Energy reports oil spill into Ohio river Tuesday, 19 Aug 2014 | 9:20 AM ET

    Aug 19- U.S. power company Duke Energy said on Tuesday about 5,000 gallons of fuel was spilled into the Ohio River during a routine transfer of fuel oil at its station near Cincinnati. The spill that took place around 11.15 p.m. ET on Monday was stopped within 15 minutes, the company said.

  • LONDON, Aug 17- Europe's ageing nuclear fleet will undergo more prolonged outages over the next few years, reducing the reliability of power supply and costing plant operators many billions of dollars.

  • NEW YORK, Aug 14- Puerto Rico's electric power authority, known as PREPA, will pay an interest rate of alternate base rate plus 4 percent under credit agreements with Scotiabank and Citibank, the utility said in a filing on Thursday. PREPA disclosed the rate in a filing on a site of the Municipal Securities Rulemaking Board.

  • Aug 13- Canadian Solar Inc said it expected its more profitable business of building solar power plants to help blunt the impact of a fall in margins in the United States due to the imposition of duties on solar products made in China and Taiwan.

  • A key part of that strategy was for the United States to stop using public money to finance the construction of most coal-fired power plants abroad, seen as one of the main causes of rising pollution from heat-trapping gases.

  • PARIS, Aug 12- Belgian power grid operator Elia, State Grid Corporation of China, Italian grid operator Terna and Canadian pension fund PSP Investments have been shortlisted to bid for a 66 percent stake in Greek grid operator ADMIE, a source familiar with the bidding process told Reuters.

  • FRANKFURT/ MILAN/ LONDON, Aug 8- Several Italian utilities and private equity groups are expected to hand in tentative offers worth about 2 billion euros for E.ON' s Italian unit early next week, people familiar with the matter told Reuters.

  • Aug 7- SolarCity Corp, the largest installer of residential solar panels in the United States, reported a smaller-than-expected quarterly loss amid "unprecedented demand." SolarCity has become a hit with Wall Street due to its business model that allows homeowners to spread payments for solar panels over 20 years, instead of a one-time hefty down payment.

  • Aug 7- Duke Energy Corp, the largest U.S. power company by market value, reported a 80 percent rise in quarterly profit on higher revenue from its rate-regulated utilities. Net income attributable to Duke rose to $609 million, or 86 cents per share, in the second quarter ended June 30, from $339 million, or 48 cents per share, a year earlier.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Aug 7- Just how serious is China about cutting or limiting coal consumption? The latest was from the Beijing Municipal Environmental Protection Bureau, which was reported by state media as saying coal use will be banned in the six main districts of the capital by the end of 2020..

  • Japan's nuclear restart may be delayed until 2015 Tuesday, 5 Aug 2014 | 11:06 PM ET

    TOKYO, Aug 6- The long-awaited restart of Japan's nuclear power plants is facing yet another setback and may be delayed until 2015, Japanese media said on Wednesday, piling pressure on struggling utilities to push for fresh price hikes.

  • Aug 5- First Solar Inc, the biggest solar panel maker in the United States, reported a lower-than-expected quarterly profit, sending its shares down 5 percent in extended trade.

  • FRANKFURT/ MADRID, Aug 5- Bidders are readying indicative offers for the Spanish assets of Germany's top utility E.ON, three sources familiar with the matter told Reuters, adding bids would value the whole portfolio at about 2 billion euros.

  • LAUNCESTON, Australia, Aug 5- Prices for thermal and coking coal appear poised to diverge, with the power-plant fuel remaining mired in the doldrums and the steel-making ingredient posting modest gains. The 2011 high was reached after severe flooding in Queensland state, the main coking coal producer in top exporter Australia.

  • PARIS, Aug 1- Shares in French nuclear power group Areva closed 20 percent lower on Friday, the worst fall since the company was formed in 2001, as it posted a first-half loss, exited a thermal solar power business and cut sales targets.

  • *Sees Q3 adjusted earnings $0.15- $0.35/ shr vs est $0.28. July 31- SunPower Corp, the second-largest solar panel maker in the United States, reported a 30 percent fall in quarterly profit as it installed fewer solar plants, sending its shares down 4 percent in extended trading.