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Electric Utilities

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  • *Firm developing world's biggest wind park in North Sea. OSLO, Oct 14- Wind farms will be built more and more in shallow seas, from China to the United States, as the industry imitates oil firms and moves offshore, the head of Europe's largest generator of renewable energy said on Tuesday. The company is a also part of a consortium developing Dogger Bank, the world's...

  • DUSSELDORF, Oct 13- The head of Germany's biggest utility, E.ON, said on Monday an EU package of 2030 targets for tackling climate change looks likely to bring deep carbon emissions cuts and early reforms to the bloc's Emissions Trading System. Leaders of the 28 EU countries meet on Oct. 23-24 to agree on a package of 2030 targets for emissions cuts, the deployment of...

  • *Some storage sites expected to be full by 2016. SEOUL, Oct 13- Among the usual commercials for beer, noodles and cars on South Korean TV, one item stands in marked contrast. It plans to cram those sites with more fuel than they were originally intended to hold while it looks for a permanent solution, suggesting little has been learned from the Fukushima disaster in...

  • Iran and the six- the United States, France, Germany, China, Russia and Britain- hope that resolving the more-than-decade-long nuclear standoff with Iran will reduce regional tensions and alleviate the risk of another war in the Middle East. Top diplomats of the United States, Iran and the European Union will meet in Vienna next week to work on a comprehensive deal...

  • NEW YORK, Oct 10- US power company Dynegy looks set to price its new $5.1 bn high-yield acquisition finance bond Friday wider than first expected due to a surge in market volatility over the past few days. The single B rated issuer set price talk this morning at 6.75% area on a minimum US $2 bn five-year non-call 2.5; 7.375% area on a US $1.5- 2.0 bn eight-year non-call...

  • The decision by Beijing to levy a duty of 6 percent on thermal coal and 3 percent on coking coal imports from Oct. 15 certainly is yet another blow to Australia's already beleaguered coal miners. They will suffer disproportionately as the tariffs won't affect shipments from rival Indonesia, given it enjoys a free-trade agreement with China through being part...

  • *Austria has threatened legal action. BRUSSELS, Oct 8- A British plan to guarantee the price of power from its first new nuclear project in decades won European Union backing in a landmark ruling on Wednesday that threatens to trigger legal challenges. The ruling clears the way for the 16- billion-pound Hinkley Point nuclear power station in southwest England...

  • TOKYO, Oct 7- Japan's reboot of nuclear power, expected to begin early next year, is set to punish oil imports the most as utilities slash the use of their highest-cost fuel and shut aging oil-fired plants, a survey of Japan's nine biggest power companies showed. Utilities in Japan are keen to close oil-burning units, not only because crude and fuel oil are their most...

  • US STOCKS-Solar companies fall on heavy volume Monday, 6 Oct 2014 | 1:53 PM ET

    Nearly all companies in the space were lower, with Vivint Solar Holdings Inc down 9.8 percent to $12.40 as one of the biggest percentage decliners on the New York Stock Exchange. Among other names, Yingli Green Energy fell 2.9 percent to $3.03, SolarCity Corp lost 2.8 percent to $57.41 and the Guggenheim Solar ETF fell 4.5 percent to $38.24. Canadian Solar fell 2.7...

  • *Iberdrola wants to make acquisition in the U.S. MADRID/ FRANKFURT, Oct 6- Spanish power firm Iberdrola has hired JPMorgan Chase& Co to sell some foreign renewable assets which could raise up to 2 billion euros to help fund an acquisition in the fast-growing U.S. market, three sources with knowledge of the matter said. Iberdrola's earnings suffered in Europe's...

  • SAO PAULO, Oct 5- In Brazil's most unpredictable election in decades, it was the candidate with the old-school family pedigree and a calm, presidential air who turned the race upside down with a dramatic late surge. Stuck in third place and all but written off just a week ago, Senator Aecio Neves, 54, comfortably grabbed second place in the first round of voting on...

  • LONDON, Oct 2- In a milestone for the carbon capture and storage movement, SaskPower's Boundary Dam power plant began making pipeline deliveries of liquid carbon dioxide on Wednesday. Capture systems have already been deployed at three industrial plants in the United States that produce hydrogen and fertiliser, as well as at the Great Plains Synfuels Plant, a...

  • RIO DE JANEIRO, Oct 1- Brazil's electrical utilities have lost their financial independence and are dependent on the Brazilian Treasury to keep operating, the head of the country's chief federal audit court told reporters in Brasilia on Wednesday. In the face of a drought, rising demand for power and delays in building new power plants and transmission lines,...

  • Japan to slap more restrictions on solar power -paper Tuesday, 30 Sep 2014 | 9:56 PM ET

    TOKYO, Oct 1- Japan will make more changes to a scheme introduced after the Fukushima crisis to encourage investment in renewable energy by tightening rules on guaranteed payments for larger solar projects, the Yomiuri newspaper reported.

  • Secret to Jeff Goldblum's success? Think electric Monday, 29 Sep 2014 | 12:48 PM ET
    Jeff Goldblum in a G.E. spot "Enhance Your Lighting".

    We've finally figured out the secret to Jeff Goldblum's enduring charm and success as an actor: really great lighting, TODAY reports.

  • TOKYO, Sept 29- Japan's government said the sudden deadly eruption of a volcano in central Japan won't derail its push to restart two reactors located near active volcanoes, even though the public remains opposed to nuclear power after the Fukushima crisis.

  • TOKYO, Sept 29- The deadly eruption of a volcano in Japan over the weekend will not affect the restart of the Sendai nuclear reactor, which is in a separate volcanically active area, the country's top government spokesman said on Monday.

  • MADRID/ SYDNEY, Sept 28- A year after Spain, the sunniest country in Europe, issued notice of a law forcing solar energy-equipped homes and offices to pay a punitive tax, architect Inaki Alonso re-installed a 250 watt solar panel on a beam over his Madrid roof terrace.

  • SAO PAULO, Sept 26- President Michelle Bachelet of Chile enacted new environmental tax legislation on Friday making the country the first in South America to tax carbon dioxide emissions.

  • *Russia's Rosatom says signed $10 billion agreement. JOHANNESBURG, Sept 23- South Africa's nuclear cooperation deal signed this week with Russia is part of a tender process that will involve other competing countries and is not a contract to build power plants, government officials said on Tuesday.