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Electric Utilities

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  • April 22- SolarCity Corp has started a fund that includes an investment from Credit Suisse to finance more than $1 billion in commercial solar energy systems for companies, schools and government organizations in the United States. SolarCity, the top U.S. residential solar installer by market share, said it finalized the deal with Credit Suisse in February and...

  • SEOUL, April 22- South Korea and the United States reached a deal on Wednesday to revise a 40- year-old civil nuclear pact that gives the Asian country limited freedom to produce fuel for power generation but continues to curb its ability to reprocess spent fuel. The deal paves the way for South Korea to enrich uranium to produce non-weapons grade nuclear fuel...

  • SEOUL, April 22- South Korea and the United States reached a deal on Wednesday to revise a 40- year-old agreement that has limited South Korea's ability to enrich uranium for nuclear power generation and to reprocess spent fuel, the foreign ministry in Seoul said. South Korea operates 23 atomic plants that provide one-third of the country's power needs, and has...

  • The decision by the Kagoshima District Court clears another hurdle for the plant to begin starting up as early as June as the government pushes to restart Japan's idled nuclear industry four years after the Fukushima disaster. It also suggests another court ruling last week to prevent the operation of two reactors west of Tokyo may have been an aberration for...

  • WASHINGTON, April 21- The U.S. Supreme Court on Tuesday ruled that a federal law governing the natural gas market does not shield energy companies from state antitrust claims made over the western U.S. energy crisis between 2000 and 2002.. The ruling, on a 7-2 vote, was a loss for several energy companies, including American Electric Power Company Inc, Dynegy Inc and...

  • No. 1 reason solar energy's boom is just starting Tuesday, 21 Apr 2015 | 11:00 AM ET
    Technicians install solar panels on a house in Mission Viejo, Calif.

    Solar power is proving it can compete without government help. And that means the main criticism of solar—cost competitiveness—is history.

  • WASHINGTON, April 21- The U.S. Supreme Court on Tuesday ruled that a federal law governing the natural gas market does not shield energy companies from state antitrust claims made over the western U.S. energy crisis between 2000 and 2002.. The ruling, on a 7-2 vote, was a loss for several energy companies, including American Electric Power Company Inc, Dynegy Inc and...

  • WASHINGTON, April 21- The U.S. Supreme Court on Monday ruled that a federal law governing the natural gas market does not shield energy companies from state antitrust claims made over the western U.S. energy crisis between 2000 and 2002.. The ruling, on a 7-2 vote, was a loss for several energy companies, including American Electric Power Company Inc, Dynegy Inc and...

  • *Firm warned investors on April 16 about possibly missing payment. SHANGHAI, April 21- A power company in China failed to make an interest payment on a bond on Tuesday marking the first time a state-owned firm has been allowed to default and adding to evidence that Beijing is slowly withdrawing its sovereign guarantee of low-quality bonds.

  • SHANGHAI, April 21- China looks set to see its first default by a state-owned firm after Baoding Tianwei Baobian Electric Co Ltd said it had not raised enough funds to make a bond interest payment due on Tuesday. "The probability of making the payment has become highly uncertain," a notice posted by the company on the website of China's bond clearinghouse stated...

  • LAUNCESTON, Australia, April 21- Can Asia replicate the coal to natural gas switching that has revolutionised power generation in the United States? The main reason is that natural gas is in the process of becoming significantly cheaper in Asia, which used to pay more than double what buyers did in Europe and almost five times more than consumers in the United...

  • SHANGHAI, April 18- China Minsheng Investments will invest 15 billion yuan in a 2 gigawatt solar power plant in the northwestern region of Ningxia, which the company says will be the largest such plant of its kind in the world. CMI, the largest private investment fund in China, said in an announcement emailed to Reuters that the plant would take up around 60,000 mu,...

  • UPDATE 1-SunPower, Apple to build solar projects in China Thursday, 16 Apr 2015 | 10:05 AM ET

    April 16- Solar panel maker SunPower Corp said it would partner with Apple Inc to build two solar power projects in China's Sichuan province with total capacity of 40 megawatts. The projects, when complete, will be co-owned by Apple and Sichuan Shengtian New Energy Development Co Ltd, SunPower's project development joint venture. SunPower and longstanding...

  • Are fossil fuels about to become extinct? Wednesday, 15 Apr 2015 | 10:22 PM ET
    A worker cleans the panels in a solar power park run by the Costa Rican Electricity Institute (ICE) as the power company has managed to produce all of the electricity for the nation from renewable energy sources for more than 80 days straight on March 26, 2015 in Guanacaste, Costa Rica.

    Solar's big heyday may be just three years away as the unsubsidized cost of panels plus storage will cost less than the grid in some areas, Bernstein said.

  • NEW YORK, April 15- Puerto Rico's troubled electric utility, PREPA, confirmed Wednesday that creditors have given the utility another 15 days leeway under an agreement aimed at staving off a messy default. "The creditors' agreement to our forbearance proposal demonstrates that we are making progress and there is merit to continuing conversations to find...

  • MIAMI, April 15- A group of South Florida mayors are escalating their campaign against plans to expand a nuclear power plant near Miami that involves constructing 100- foot tall transmissions lines through some of the area's toniest neighborhoods. Florida Power& Light Co is seeking federal approval from the Nuclear Regulatory Commission to add nuclear...

  • South Africa names bidders for 1,000 MW of green power Tuesday, 14 Apr 2015 | 10:42 AM ET

    JOHANNESBURG, April 14- South Africa has named preferred bidders for the fourth round of a series of renewable energy projects, that will add about 1,000 megawatts of power to its ailing grid, industry insiders said on Tuesday. "We have been awarded the 140 MW Roggerveld wind farm and the 4.7 MW Kruisvallei hydro farm," said Gabriele Maraschin, development manager...

  • WARSAW, April 14- Plans to build Poland's first nuclear power plant will be delayed by at least another two years, sources said, after the decision late last year by state-run utility PGE to take on site research itself and cancel a consultancy contract. Now PGE's move last December to scrap a 250 million zloty contract with Australia's WorleyParsons, on the...

  • FUKUI, Japan, April 14- A Japanese court will rule on Tuesday whether to block the restart of nuclear reactors in western Japan on safety grounds, in a case that could complicate Prime Minister Shinzo Abe's push to return to atomic energy after the 2011 Fukushima disaster. A three-judge panel is to rule on the injunction request against Kansai Electric's...

  • TOKYO, April 14- A Japanese court will rule later on Tuesday on an injunction request against reactors owned by Kansai Electric Power, in a case that could derail Japan's slow return to nuclear power after the 2011 Fukushima disaster. A panel of judges is due to rule on the injunction request against Kansai Electric's Takahama reactors west of Tokyo at 0500 GMT.