Electric Utilities


  • June 13- Shares of Abengoa Yield Plc, a unit of Spanish renewable and engineering firm Abengoa SA, rose about 28 percent in their U.S. market debut, valuing the company at about $3 billion. Abengoa Yield's IPO raised about $721 million after its upsized offering of 24.9 million shares was priced at $29 per share, well above the expected price range of $25- $27 per share.

  • PARIS, June 12- Electricity produced by onshore wind and solar plants may become more competitive with power generated by upgraded nuclear plants in France by the end of this decade, a study by environmental group Greenpeace showed on Thursday.

  • Report: Dryers waste $4B a year in energy costs Thursday, 12 Jun 2014 | 10:54 AM ET
    Washers and dryers are displayed for sale in rows at the Jessup's Appliances store in Sarasota, Florida.

    Electric dryers, which have barely improved in energy efficiency since the '70s, cost U.S. consumers an excess of $4 billion annually.

  • U.S. House panel calls hearing on EPA power plant plan Wednesday, 11 Jun 2014 | 3:00 PM ET

    WASHINGTON, June 11- The U.S. House of Representatives subcommittee on energy and power has scheduled a hearing on June 19 to consider proposed U.S. regulations on carbon pollution from existing power plants.


  • June 11- As the U.S. Environmental Protection Agency rolls out tough new rules designed to slash power plant emissions, Consol Energy Inc is showcasing its transformation from a coal miner to a producer of cleaner-burning natural gas. "The more information we can get, the better," said Clarkson Capital Markets analyst Jeremy Sussman.

  • June 10- PPL Corp said it would combine part of its U.S. power generation business with that of private equity firm Riverstone Holdings LLC to form a listed company, as it tries to shield itself from the volatile power market.

  • June 10- PPL Corp and Riverstone Holdings LLC said on Monday they would combine their merchant power generation businesses into a new stand-alone, publicly traded independent power producer. PPL said following the spinoff, it will focus on the regulated utilities it owns and operates in the United Kingdom, Kentucky and Pennsylvania.

  • June 10- Energy and power investment firm Riverstone Holdings LLC will buy PPL Corp's competitive energy business, PPL Energy Supply LLC, and merge it with its generation portfolio to form a publicly traded independent power producer, the companies said.

  • PPL to spin off merchant power generation business Tuesday, 10 Jun 2014 | 12:37 AM ET

    June 10- PPL Corp and Riverstone Holdings LLC on Monday said they would combine their merchant power generation businesses into a new stand-alone, publicly traded independent power producer.

  • WILMINGTON, Del, June 6- Bankrupt Energy Future Holdings, Texas's largest power company, received court approval on Friday for one of its main businesses to borrow $5.4 billion to carry out a refinancing that is key to its huge restructuring. Bankruptcy Judge Christopher Sontchi in Wilmington, Delaware.

  • But the EPA rule does not focus on absolute emissions reductions but rather seeks a reduction of carbon intensity from 2012 levels. The EPA said every state except Vermont, which has almost no carbon emissions, still needs to reduce carbon intensity under the rule, including the dozen or so states whose emissions are already 30 percent or more below 2005 levels.

  • Senator Edward Markey on Thursday aims to ease Ukraine's fuel dependence on Russia by modernizing its heating infrastructure and updating its Soviet-era natural gas drilling capabilities.

  • June 4- Clean energy company NRG Yield Inc said it would buy California's Alta Wind Energy Center, the largest wind farm in North America, for $870 million from Terra-Gen Power LLC. The deal will add 947 megawatt to the wind portfolio of NRG Yield and parent NRG Energy Inc, making it the fifth largest in the continent at 2,839 MW.

  • June 4- NRG Yield Inc, a unit of NRG Energy Inc, said it would buy California's Alta Wind Energy Center, the largest wind farm in North America, for $870 million. The deal is expected to increase NRG Yield's annual run-rate earnings before interest, taxes, depreciation and amortization by about $220 million.

  • COLUMN-U.S. EPA goes (relatively) easy on coal: Kemp Wednesday, 4 Jun 2014 | 8:10 AM ET

    LONDON, June 4- Despite the heated war of words between supporters of the coal industry and environmentalists, the Obama administration's Clean Power Plan is relatively generous to coal interests. Coal- fired generation has been declining owing to the abundance of cheap natural gas thanks to fracking.

  • Is solar really ready for prime time? Wednesday, 4 Jun 2014 | 3:16 AM ET
    Solar panels near the Marina Barrage in Singapore

    Predictions solar energy will disrupt the grid system may be premature, with analysts noting urban settings may stay dependent on traditional power.

  • --Clyde Russell is a Reuters columnist. NUSA DUA, Indonesia, June 4- "There is no skin left on my teeth to hang on with," was the lament of a coal trader, expressing a sentiment echoed time and again at the industry's largest gathering in Asia.

  • June 4- NRG Energy Inc is close to a deal worth more than $800 million to buy Alta Wind Energy Center, the largest wind farm in North America, the Wall Street Journal reported citing people familiar with the matter.

  • The EPA rules would put the United States on a course to reduce overall U.S. power plant emissions 30 percent below 2005 levels by 2030, but each state will have its own target. States, which can comply with individually set goals using a range of actions, must submit their plans to the EPA by June 2016.