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Electric Utilities

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  • July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.

  • MEXICO CITY, July 21- Mexico's national power company CFE said on Monday it will offer $2.8 billion in natural gas and electricity infrastructure project contracts by the end of this year aimed at boosting economic growth.

  • July 21- New York state environmental regulators are proposing shutting the giant Indian Point nuclear power plant to protect fish in the Hudson River during summer months, when demand for electricity for air-conditioning is greatest.

  • *Rising output, sluggish demand have created excess of coal. LONDON, July 21- The global market for seaborne thermal coal will be oversupplied by around 10 million tonnes this year, keeping prices below profitable levels for most coal producers well into 2015 or longer and forcing more mines to close.

  • BUENOS AIRES, July 18- Argentina signed deals on Friday to borrow $7.5 billion from China at a time when the Latin American country cannot tap global capital markets because of disputes over unpaid debt. China is Argentina's second-largest trading partner after neighbor Brazil.

  • BUENOS AIRES, July 18- Argentina on Friday will sign deals to borrow $7.5 billion from China, its Cabinet chief said, at a time when the Latin American country cannot tap global capital markets due to disputes over unpaid debt.

  • TOKYO, July 16- A nuclear plant in southern Japan cleared an initial safety hurdle on Wednesday which could make it the first nuclear facility to restart under tough new safety regulations after the industry was idled by the 2011 Fukushima disaster.

  • Headline data showed China's economy grew 7.5 percent between April and June from a year earlier, slightly above expectations and quickening from the 7.4 percent pace in the first quarter, reinforcing hopes that a recovery is under way after a flurry of government stimulus measures.

  • TOKYO, July 16- A nuclear plant in southern Japan cleared an initial safety hurdle on Wednesday which could see it become the first nuclear facility to restart after the industry was idled by the 2011 Fukushima disaster.

  • SAN JUAN, Puerto Rico July 10- Puerto Rico's top finance officials said on Thursday that the U.S. commonwealth will step up efforts to explain a new restructuring law to investors after a series of ratings downgrades and a rout in the island's bonds effectively shut it out of markets.

  • S.Korea restarts nuclear reactor shut in June Wednesday, 9 Jul 2014 | 9:33 PM ET

    SEOUL, July 10- A South Korean nuclear reactor has restarted after a month-long closure due to a control rod problem, a spokesman at state-run atomic operator Korea Hydro and Nuclear Power Co Ltd said on Thursday.

  • COLUMN-Cleaning up coal: Kemp Tuesday, 8 Jul 2014 | 10:01 PM ET

    LONDON, July 9- According to the popular narrative, coal is locked in a fight to the death with natural gas and renewables to supply clean electrical energy. Promoters of gas, wind and solar often talk about coal as if it were not just a rival but an enemy.

  • The agreements, which involve companies and research institutions, were signed in Beijing ahead of a two-day visit to China by top Obama administration officials including Secretary of State John Kerry, Treasury Secretary Jack Lew and Energy Secretary Ernest Moniz.

  • Why utility bills are not getting cheaper Monday, 7 Jul 2014 | 8:00 AM ET

    It's time to crank up the AC, but in this age of smart grids and smart meters, most utilities still have a frustratingly low technology IQ.

  • SOFIA/ BRUSSELS, July 6- Bulgaria, one of five EU states that depend totally on Russia for nuclear fuel, is set to take a step towards diversifying its suppliers when Westinghouse Electric Company buys a stake in a state-controlled firm building new atomic units.

  • SAN FRANCISCO, July 3- A California Democrat on Thursday introduced a bill he believes will keep gasoline prices down by delaying the expansion of the state's carbon cap-and-trade program, a move that has angered environmentalists.

  • SAN FRANCISCO, July 3- A California Democrat on Thursday introduced a bill that would keep gas prices down by delaying the state's planned expansion of its carbon cap-and-trade program to cover transportation fuels next year, a move that has angered environmentalists.

  • WASHINGTON, July 3- The U.S. Export-Import Bank is considering financing a massive coal-fired power plant in India despite the fact the Obama administration has called on domestic and global public lenders to stop funding coal-plants in his climate change strategy.

  • China's second biggest hydro plant completed Wednesday, 2 Jul 2014 | 10:31 PM ET

    BEIJING, July 3- China's Xiluodu hydropower station, the country's second largest in terms of capacity, went into full operation this week after its 18th and final generating unit was completed, the project operator said in a notice on Wednesday.

  • SAN FRANCISCO, July 2- NRG Energy vowed on Wednesday to press ahead with a proposal to build a power plant in coastal Southern California even after a city council expressed opposition, citing fears it could be inundated by rising sea water.