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Electric Utilities

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  • 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...

  • 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.

  • 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.

  • *SMA Solar says deal will contribute to earnings from 2016. FRANKFURT, June 10- Germany's SMA Solar and engineering company Siemens have teamed up to equip utility-scale solar parks with technology to link them to power grids in an effort to benefit from rising global demand for photovoltaics. With Siemens' help, Germany's biggest solar company by sales aims to...

  • NUSA DUA, Indonesia, June 10- The coal industry always seems to be looking for a white knight to rescue it from some crisis, and it is perhaps ironic that Indonesia, the world's largest exporter, is the next great hope that is to save global miners from the current supply glut. The theory is that as Indonesia ramps up domestic coal-fired power generation, it will rotate...

  • WASHINGTON, June 9- A U.S. appeals court on Tuesday rejected an industry and state challenge to the Obama administration's proposal to curb carbon dioxide emissions from existing power plants. More than a dozen states and coal company Murray Energy Corp had urged the court to block the U.S. Environmental Protection Agency's proposal, which is central to...

  • WASHINGTON, June 9- A U.S. appeals court on Tuesday rejected an industry and state challenge to the Obama administration's proposal to curb carbon dioxide emissions from existing power plants.

  • NUSA DUA, Indonesia, June 9- Coal prices in Asia are already at levels that have forced some producers to curb supply and are unlikely to fall more than another $10, industry officials said on Tuesday. "There is space for prices to fall further but only marginally, because we are getting very, very close to production costs," said Edwin Tsang, head of marketing at...

  • Japan skips LNG spot price data due to lack of trades Tuesday, 9 Jun 2015 | 12:11 AM ET

    TOKYO, June 9- Japan on Tuesday skipped publishing monthly data on the average spot prices paid by buyers in the country for liquefied natural gas due to a lack of trades in May, the latest sign of tepid global demand for the fuel. Japan's Ministry of Economy, Trade and Industry publishes the price average only when there is a total of at least two spot LNG trades from...

  • JOHANNESBURG, June 6- South Africa's National Treasury said on Saturday electricity supply constraints were getting government attention at the highest level after rating agency Fitch said an unstable power supply had led it to cut growth forecasts. South Africa is building three large-scale power stations to reduce chronic electricity shortages that...