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Electric Utilities

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  • Indiana will defy Obama on climate change plan Wednesday, 24 Jun 2015 | 12:41 PM ET

    INDIANAPOLIS— Indiana will not comply with President Barack Obama's plan to battle climate change by requiring reductions in emissions from coal-fired power plants, Republican Gov. The proposal as currently written, known as the Clean Power Plan, will make Indiana electricity more expensive and less reliable and hurt economic growth in Indiana and across...

  • The PATCO Speedline between suburban New Jersey and downtown Philadelphia has resumed operations after a storm-related power outage halted service for the morning rush hour. PATCO trains typically run every 3-5 minutes from downtown Philadelphia during rush hour. Service remains suspended on SEPTA's Media/ Elwyn regional rail line and between Radnor...

  • The unrest is raising concerns about political stability in Armenia, which has relied on close ties with Russia and joined a Moscow- dominated economic alliance. Russia has a military base in Armenia, and Russian companies control some of the most prized economic assets, including the power grid. Some politicians in Russia have suggested that the West or...

  • CURITIBA, Brazil, June 23- Brazil's biggest corruption investigation could spread to its largest electric utility, Eletrobras, and more than a dozen foreign companies, a lead prosecutor said on Tuesday, in a sign of further turbulence for the country's business and political establishment. Carlos Fernando dos Santos Lima said a scheme similar to one set up as...

  • SAN JUAN, Puerto Rico— The executive director of Puerto Rico's heavily indebted public power company has stepped down. Juan Alicea Flores resigned Tuesday after spending two years overseeing the Electric Energy Authority. Alejandro Garcia Padilla said in a statement that his administration will continue to pursue changes within the Electric Energy...

  • CHARLOTTE, N.C.— Duke Energy plans to excavate and move coal ash from a dozen more waste ponds in North Carolina, the company said Tuesday, as it works to excavate or safely close pits seeping millions of gallons of contaminated wastewater each day. Duke Energy says if regulators approve, it now plans to excavate coal ash from 20 of its 32 North Carolina pits.

  • LONDON, June 23- Global greenhouse gas emissions from the power sector are expected to peak in 2029 and then start falling, but will still be some way above levels needed to limit temperature rise, research showed on Tuesday. Overall, around $12.2 trillion will be invested in global power generation between 2015 and 2040. Renewables will account for two thirds of...

  • The number of riot police also increased, and helmeted officers holding shields stood shoulder-to-shoulder to block the protesters from moving farther down the central avenue in Yerevan. Yerevan's deputy police chief, Valery Osipyan, told the crowd that all of the nearly 240 protesters detained early Tuesday had been released, one of the demonstrators'...

  • KUALA LUMPUR, June 23- Malaysia's Tenaga Nasional Bhd plans to raise as much as 10 billion ringgit in an Islamic bond issue, sources familiar with the matter said- a move that comes after it agreed to buy debt-laden 1 MDB's majority stake in a power plant project. Tenaga, Malaysia's national utility in which state investor Khazanah is the biggest shareholder, is...

  • Thousands protest electricity prices hike in Armenia Monday, 22 Jun 2015 | 2:12 PM ET

    YEREVAN, Armenia— Several thousand people are protesting in the Armenian capital against a hike in electricity prices. About 5,000 demonstrators marched Monday to the presidential headquarters, but were stopped by phalanxes of riot police backed by water cannons. The landlocked country's economy is hobbled by the longstanding closure of its borders with...

  • NRC spokesman Neil Sheehan said the exemption allows Entergy to take $225 million from the fund to put toward the $368 million needed to handle the spent radioactive fuel. Entergy spokesman Martin Cohn said the company will use a $145 million line of credit to pay for the first phase of the handling, which includes moving the fuel to an air-cooled concrete and...

  • Moment of truth nears for nuclear waste time bomb Friday, 19 Jun 2015 | 8:06 AM ET

    Finland and Sweden hope to be the first countries in the world to be able to put the most dangerous high-level waste into underground storage in the next decade, using a new technology to encase fuel rods and protect them from erosion. Finland stopped exporting spent fuel for reprocessing to the then Soviet Union in 1996, and does not accept imports.

  • That's more than the generating capacity of all nuclear reactors in the United States and slightly less than Germany's installed capacity from all power sources. The annual report released early Thursday in Europe by Paris- based REN21, a nonprofit group that promotes renewable energy, underscored how China, the world's top consumer of coal, has become a...

  • WASHINGTON, June 15- The Pentagon's top arms provider and firms partly funded by Silicon Valley billionaires Bill Gates and Paul Allen are among dozens of companies collectively betting more than $1.3 billion that a new wave of nuclear power can be a force to fight climate change. Advanced nuclear power plants, which will employ techniques such as using fuels...

  • WASHINGTON, June 15- The Pentagon's top arms provider and firms partly funded by Silicon Valley billionaires Bill Gates and Paul Allen are among dozens of companies collectively betting more than $1.3 billion that a new wave of nuclear power can be a force to fight climate change. Advanced nuclear power plants, which will employ techniques such as using fuels...

  • SHANGHAI, June 13- China's Premier Li Keqiang reaffirmed the government's commitment to achieve peak carbon emissions by "around 2030", the State Council said in a statement issued late on Friday. Li, at a meeting of the State Council's National Leading Group on Climate Change, also said it would impose a "tough limit" on the expansion of heavily polluting and...

  • TOKYO, June 12- Japan's environment ministry is pushing back on the growing use of coal to generate power after the Fukushima nuclear disaster led to the shutdown of the nation's reactors, as concerns mount over greenhouse gas emissions. Environment Minister Yoshio Mochizuki said on Friday he will submit an objection to the powerful industry ministry over...

  • MINNEAPOLIS, June 12- By all rights wages should be soaring in Minnesota, a Midwestern state that boasts one of the best educated and well-paid workforces in the United States and where the unemployment rate stands at a 14- year low. But explain that to Bernie Hesse, projects director for the United Food and Commercial Workers Union. Retail workers, who account for...

  • *China fixed-asset investment growth at 15- yr low in May. BEIJING, June 11- China's ailing economy showed few signs of improvement in May, with factory output steadying but investment growing at its slowest rate in nearly 15 years, pointing to further weakness unless Beijing ramps up its stimulus efforts. That led some analysts to predict growth could cool...

  • June 10- 8 point3 Energy Partners LP, formed by solar companies First Solar Inc and SunPower Corp, said it expects its initial public offering to be priced between $19 and $21 per share. The offering of 20 million Class A shares is expected to raise about $420 million and value 8 point3 at about $1.49 billion at the top end of the expected price range.