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Electric Utilities

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  • Offshore oil, renewables in East Coast's future? Thursday, 9 Oct 2014 | 4:02 AM ET

    Oil companies looking for new sources are blocked from West Coast drilling due to political opposition, while politicians in the Southeast are welcoming, said API offshore policy adviser Andy Radford. The Democratic governors of California, Oregon and Washington this summer stressed to Interior Secretary Sally Jewel that they oppose drilling off their...

  • Can you go solar? Leases, loans make it possible Wednesday, 8 Oct 2014 | 4:22 PM ET

    The offer, announced by SolarCity this week, is a loan that allows homeowners to install their own solar system on their roof for little or no money down, and pay less for electricity. SolarCity's new loan deal and current similar deals that involve leases or power purchase agreements can pay off— if you have the right roof in the right state. For that reason, the...

  • *Austria has threatened legal action. BRUSSELS, Oct 8- A British plan to guarantee the price of power from its first new nuclear project in decades won European Union backing in a landmark ruling on Wednesday that threatens to trigger legal challenges. The ruling clears the way for the 16- billion-pound Hinkley Point nuclear power station in southwest England...

  • Coming: Warmer winter, lower heating bills, US says Wednesday, 8 Oct 2014 | 7:28 AM ET
    People walk in Manhattan during a snowstorm on January 21, 2014 in New York City.

    Heating bills should be lower this winter because the deep freeze that chilled much of the nation last year is unlikely to return.

  • South Korean town to put nuclear plan to vote Wednesday, 8 Oct 2014 | 7:11 AM ET

    SEOUL, South Korea— Fighting plans to build a nuclear power plant, a South Korean fishing village is holding a referendum Thursday, even though the government has warned the vote is illegal. A site in Samcheok, 195 kilometers east of Seoul, was picked by the energy ministry after a previous city government applied in 2010 for a nuclear power facility.

  • UK cleared to heavily subsidize $39B nuclear plant Wednesday, 8 Oct 2014 | 6:42 AM ET

    BRUSSELS— The European Union has approved Britain's bid to heavily subsidize a new nuclear power plant, overriding opposition from environmentalists and questions over the project's 24.5 billion pound price tag. The EU's executive Commission said Wednesday it found the subsidies for construction and operation of the Hinkley Point plant won't distort...

  • SolarCity loan deal could propel rooftop market Wednesday, 8 Oct 2014 | 12:02 AM ET

    NEW YORK— SolarCity will begin offering loans to homeowners for solar systems, a move that industry analysts say could reshape the market for rooftop solar and propel its rapid adoption. SolarCity's loan will allow customers to own their systems and still pay less for electricity, a simpler and cheaper prospect. Other solar companies have begun to offer loans...

  • US agency issues permit for Canada-NYC power line Tuesday, 7 Oct 2014 | 3:01 AM ET

    ALBANY, N.Y.— The U.S. Department of Energy has issued a Presidential Permit for a 330- mile electric transmission line to carry lower-cost Canadian hydroelectric power to New York City. The project is aimed at saving about 2 percent to 3 percent on energy bills in New York City. The line will run under the length of Lake Champlain, through parts of the Hudson, Harlem...

  • TOKYO, Oct 7- Japan's reboot of nuclear power, expected to begin early next year, is set to punish oil imports the most as utilities slash the use of their highest-cost fuel and shut aging oil-fired plants, a survey of Japan's nine biggest power companies showed. Utilities in Japan are keen to close oil-burning units, not only because crude and fuel oil are their most...

  • US STOCKS-Solar companies fall on heavy volume Monday, 6 Oct 2014 | 1:53 PM ET

    Nearly all companies in the space were lower, with Vivint Solar Holdings Inc down 9.8 percent to $12.40 as one of the biggest percentage decliners on the New York Stock Exchange. Among other names, Yingli Green Energy fell 2.9 percent to $3.03, SolarCity Corp lost 2.8 percent to $57.41 and the Guggenheim Solar ETF fell 4.5 percent to $38.24. Canadian Solar fell 2.7...

  • *Iberdrola wants to make acquisition in the U.S. MADRID/ FRANKFURT, Oct 6- Spanish power firm Iberdrola has hired JPMorgan Chase& Co to sell some foreign renewable assets which could raise up to 2 billion euros to help fund an acquisition in the fast-growing U.S. market, three sources with knowledge of the matter said. Iberdrola's earnings suffered in Europe's...

  • SAO PAULO, Oct 5- In Brazil's most unpredictable election in decades, it was the candidate with the old-school family pedigree and a calm, presidential air who turned the race upside down with a dramatic late surge. Stuck in third place and all but written off just a week ago, Senator Aecio Neves, 54, comfortably grabbed second place in the first round of voting on...

  • LONDON, Oct 2- In a milestone for the carbon capture and storage movement, SaskPower's Boundary Dam power plant began making pipeline deliveries of liquid carbon dioxide on Wednesday. Capture systems have already been deployed at three industrial plants in the United States that produce hydrogen and fertiliser, as well as at the Great Plains Synfuels Plant, a...

  • RIO DE JANEIRO, Oct 1- Brazil's electrical utilities have lost their financial independence and are dependent on the Brazilian Treasury to keep operating, the head of the country's chief federal audit court told reporters in Brasilia on Wednesday. In the face of a drought, rising demand for power and delays in building new power plants and transmission lines,...

  • Japan to slap more restrictions on solar power -paper Tuesday, 30 Sep 2014 | 9:56 PM ET

    TOKYO, Oct 1- Japan will make more changes to a scheme introduced after the Fukushima crisis to encourage investment in renewable energy by tightening rules on guaranteed payments for larger solar projects, the Yomiuri newspaper reported.

  • Secret to Jeff Goldblum's success? Think electric Monday, 29 Sep 2014 | 12:48 PM ET
    Jeff Goldblum in a G.E. spot "Enhance Your Lighting".

    We've finally figured out the secret to Jeff Goldblum's enduring charm and success as an actor: really great lighting, TODAY reports.

  • TOKYO, Sept 29- Japan's government said the sudden deadly eruption of a volcano in central Japan won't derail its push to restart two reactors located near active volcanoes, even though the public remains opposed to nuclear power after the Fukushima crisis.

  • TOKYO, Sept 29- The deadly eruption of a volcano in Japan over the weekend will not affect the restart of the Sendai nuclear reactor, which is in a separate volcanically active area, the country's top government spokesman said on Monday.

  • MADRID/ SYDNEY, Sept 28- A year after Spain, the sunniest country in Europe, issued notice of a law forcing solar energy-equipped homes and offices to pay a punitive tax, architect Inaki Alonso re-installed a 250 watt solar panel on a beam over his Madrid roof terrace.

  • SAO PAULO, Sept 26- President Michelle Bachelet of Chile enacted new environmental tax legislation on Friday making the country the first in South America to tax carbon dioxide emissions.