Japan Inc doubled profits last year - the best performance since 2007 - but rather than selling more goods more profitably, much of these gains were simply a reflection of dollars and euros translating into more yen. The FT reports.» Read More
VIENNA, Feb 18- Six world powers and Iran began talks on Tuesday in pursuit of a final settlement on Tehran's contested nuclear programme in coming months despite caveats from both sides that a breakthrough deal may prove impossible.
LONDON, Feb 18- U.S. electricity regulators have begun drafting new reliability standards to protect the power grid from a repeat of severe geomagnetic storms like those that crippled the U.S. telegraph service in 1859 and blacked out Quebec in 1989..
*Expects 2014 adjusted EPS of $4.45- $4.60 vs est $4.32. *4th- quarter EPS 97 cents vs 62 cents last year. Regulators in North Carolina, South Carolina and Florida approved the company's request to raise utility rates from September and October.
*Sees 2014 adjusted EPS of $4.45- $4.60 vs est $4.32. *4th- quarter EPS 97 cents vs 62 cents last year. The fourth quarter was also helped by cost savings from Duke's $18- billion buyout of rival Progress Energy in July 2012, which created the largest U.S. power company with a market value of about $50 billion.
*Both sides play down expectations ahead of Vienna meeting. VIENNA, Feb 18- Six world powers and Iran began talks on Tuesday in pursuit of a final settlement on Tehran's disputed nuclear programme in the coming months despite caveats from both sides that a breakthrough deal may prove impossible.
VIENNA, Feb 18- The United States and long-time arch-foe Iran agree on at least one thing ahead of Tuesday's negotiations on a long-term nuclear deal- reaching an agreement will be very difficult, if not impossible.
Feb 17- U.S. electric power company Duke Energy Corp said on Monday that it was looking to sell off its Midwest commercial generation business, including stakes in 13 power plants, saying they offered "volatile returns" in a competitive market.
The letter was prompted by a Wall Street Journal investigation into a night-time sniper attack in April 2013 on the Metcalf substation in southern California which threatened to blackout power to thousands of homes.
Prices will rise even further in 2015 and 2016 as demand for electric generation rises with the shutdown of coal power plants and as exports to Mexico, Europe and Asia increase.
IVANPAH DRY LAKE, Calif./ LOS ANGELES, Feb 13- One of the world's largest solar projects, which uses heat from the sun to generate power in California, opened on Thursday but may be the last of its kind in The Golden State.
*Managers seek half of profit from outside Europe in 5 years. ESSEN, Germany Feb 13- German utility RWE's trading subsidiary is seeking to expand in North American and Asian energy and commodities markets because of Europe's slow growth and increased regulation, a senior manager said.
*Poland, Turkey, Bangladesh, Jordan "making good progress". Referring to plans by Bangladesh, Jordan, Turkey and Poland, she told Reuters: "I think that there is probably another four countries that could have their first reactors under construction in the next five years."
LONDON, Feb 13- Electricity suppliers should be paid according to the services they provide, including reliable and environmentally friendly heat, light and power, rather than the quantity of electricity they supply, according to green groups and retailers themselves.
HOUSTON, Feb 12- As the debate over the future of Texas's $35 billion electricity market enters a third year with no end in sight, one independent power producer decided not to wait for an outcome, filing for bankruptcy on Wednesday, citing depressed market conditions.
Optim Energy, an electric company owned by a Bill Gates investment fund, filed for Chapter 11 bankruptcy after piling up losses in a depressed power market.
WILMINGTON, Del, Feb 12- Optim Energy LLC, a Texas electric company owned by a Bill Gates investment fund, filed for Chapter 11 bankruptcy on Wednesday after piling up losses in a depressed power market.
Feb 11- North Carolina has asked a state judge to put a controversial settlement deal with U.S. power company Duke Energy over pollution on hold after a massive coal ash spill into a local river raised fresh concerns about water safety.
Feb 11- Canadian Solar Inc's fourth-quarter revenue estimate missed analysts' estimates as weak panel prices more than offset a rise in demand, sending its shares down 4 percent. Solar companies are seeing increased demand for panels and other products, primarily in China and Japan, but prices remain depressed as excess supplies continue to flood the market.
*India says looking into policies in U.S. renewable sector. *Will respond to action at WTO: India trade minister. NEW DELHI, Feb 11- India said on Tuesday it was investigating U.S. policies supporting solar panel makers, the latest move in an escalating row over renewable energy that has worsened already strained ties between the two countries.
*Estimates 4th- qtr revenue of $510- $520 mln vs est. Feb 11- Canadian Solar Inc estimated 2013 would be its first profitable year since 2010 as its strategy of building high- margin solar power plants pays off. Canadian Solar estimated it would post a profit in the fourth quarter ended Dec. 31, its second straight quarterly profit after nine quarters of losses.