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Electric Utilities

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  • PARIS, June 4- In 2011 the International Energy Agency saw potential for a "golden age of gas". In Asia, gas comes largely in the form of pricey Liquefied Natural Gas and has to compete with locally-produced coal. On Thursday, the head of Italian utility Snam said demand would be flat until 2030. The IEA also weighed in with a cut to its five-year forecast to 2 percent a...

  • At OPEC, some sow seeds of solar energy race in Gulf Thursday, 4 Jun 2015 | 10:16 AM ET

    VIENNA, June 4- To hear the oil ministers of Saudi Arabia and Kuwait talk about it this week, the race to develop massive solar power arrays in the world's sunniest nations is nearly as important as the current battle for oil market share. At a major conference in Vienna attended by the world's most influential oil officials and executives, the two OPEC powerhouses...

  • OSLO, June 4- Norway could see more wind power projects scrapped due to low profitability, its energy minister said on Thursday after state-owned Statkraft canceled a flagship development. In a major blow to the country's plans to increase its renewable energy output, Statkraft said it had decided not to invest in a planned 1,000- megawatt capacity wind power...

  • Disney: You're fired! Now train your replacements Thursday, 4 Jun 2015 | 12:00 AM ET
    The Team Disney building near Walt Disney World, where about 250 Disney employees were told in late October that they would be laid off, in Lake Buena Vista, Fla., May 22, 2015.

    Disney laid off about 250 employees, transferring many of their jobs to immigrants on temporary visas for highly skilled tech workers, NYT reports.

  • Nikkei steps back on profit-taking after long rally Tuesday, 2 Jun 2015 | 10:26 PM ET

    *Profit-taking set in after 12- day rally until Monday. TOKYO, June 3- Japanese shares slipped on Wednesday as investors booked profits from the market's longest rally in more than three decades, with interest rate sensitive stocks sold the most after bond yields rose globally. Things don't move up in a straight line, "said Stefan Worrall, director of equity at...

  • NEW YORK, June 2- Noranda Aluminum Holding Corp will have to seek a new power supplier or negotiate a new contract with Ameren Corp in five years to keep its Missouri smelter running, the latest obstacle for its only primary aluminum plant. Energy provider Ameren's Missouri division told Noranda last Thursday it will not extend a power contract for its smelter in...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, June 2- The rise of China and India as energy importers has largely consigned Japan to the sidelines, but the world's third-largest economy still exerts significant influence in some markets. That's why Japan's long-term energy vision is too important to be ignored, given it is the world's top...

  • WILMINGTON, Del., June 1- The judge overseeing the $42 billion bankruptcy of Energy Future Holdings Corp, Texas's biggest power company, scolded warring lawyers in the case on Monday for what he called their "unnecessarily expensive and counterproductive" bickering. Judge Christopher Sontchi in Wilmington, Delaware, made the comments as he extended to the end of...

  • SHANGHAI, June 1- China National Nuclear Power Co Ltd, a unit of one of the country's two state nuclear reactor builders, on Monday said it aims to raise 13.19 billion yuan in potentially the largest China IPO in almost four years. The company intends to issue 3.891 billion shares at 3.39 yuan a piece, and will start taking subscriptions from investors on Tuesday,...

  • BRASILIA, May 30- Three workers died and three were injured in an accident at the construction site of the massive hydroelectric dam Belo Monte in northern Brazil, the builder said on Saturday. The likes of Hollywood director James Cameron and the Inter-American Court on Human Rights have said Belo Monte would displace indigenous people in the Amazon.

  • May 29- Illinois has asked the federal energy regulator to investigate whether Dynegy Inc manipulated a power auction and to block $113 million in expected overcharges from that auction for the coming year, the regulator said on Friday. The charges will hit Illinois consumers who buy electric supply through Ameren Illinois, the local delivery service...

  • AES power charge for the future: CEO Friday, 29 May 2015 | 6:51 AM ET
    AES power charge for the future: CEO

    Andrés Gluski, AES Corp. CEO, discusses his company's strategic alliance with Tesla's new batteries, and where they are finding success providing power.

  • *Yahoo Japan jumps on China business plan. TOKYO, May 29- Japan's Nikkei share average edged up on Friday on hopes of better shareholder returns, looking set to extend its winning streak to 11 straight sessions and its fifth straight month of gains. Nonetheless, the market is really firm, "said Toshiyuki Kanayama, market analyst at Monex Securities.

  • *Norway coal sales to affect up to $5 bln investment. OSLO, May 28- Norway's $900 billion wealth fund may have to sell its stakes in up to 75 companies once new rules for limiting coal investments go into effect in a radical shift meant to lessen the impact of climate change, officials said on Thursday. Environmental group Greenpeace predicted the fund would have to...

  • OSLO, May 27- Norway's $900 billion sovereign wealth fund, the world's largest, should cut its exposure to the global coal industry and sell stakes in firms that focus on the sector, a key parliamentary committee said on Wednesday. Already under pressure from Norway's political establishment, the fund has been selling down its coal portfolio and said its...

  • SAO PAULO, May 27- Brazil is considering an expanded role for private companies in nuclear power generation, as it looks to meet rising electricity demand and provide backup for a hydro system pushed to its limits, Energy Minister Eduardo Braga said on Wednesday. Braga, who calls nuclear power "a necessity but not a priority," wants up to four new reactors to provide...

  • May 26- Over 100,000 homes and businesses were still without power Tuesday afternoon after severe storms battered the U.S. Gulf Coast on Monday and Tuesday, according to local utilities. That is down from about 170,000 customers without service on Tuesday morning. The storms moved from west to east, hitting Texas first before moving on to Louisiana and...

  • Storm leaves 170,000 without power in U.S. Gulf Coast Tuesday, 26 May 2015 | 9:42 AM ET

    May 26- Almost 170,000 homes and businesses were without power early on Tuesday from Texas to Mississippi after severe storms battered the U.S. Gulf Coast states on Monday, according to local utilities. The storms moved from west to east, hitting Texas first. Power companies in Texas said they expect to restore power to most customers later on Tuesday, but would...

  • Nikkei's winning streak runs into profit-taking Monday, 25 May 2015 | 10:23 PM ET

    *Tomy falls after Marunouchi Capital sells entire stake. *Kyushu Electric rises after nuclear reactor restart announcement. TOKYO, May 26- Japan's Nikkei share average edged down on Tuesday morning, snapping a seven-day winning streak as investors took profits after the recent gains made on optimism over the economy's recovery and higher shareholder...

  • Prime Minister Shinzo Abe's government last month proposed bringing nuclear energy back to account for 20-22 percent of the nation's electricity mix by 2030, seeking to reduce Japan's huge reliance on imported fossil fuels and lift the economy out of two decades of anaemic growth. But slightly more than two-thirds of firms in the Reuters Corporate Survey,...