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Electric Utilities

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  • ATHENS, Feb 25- Greece will not go ahead with privatising its dominant electricity utility PPC or power grid operator ADMIE, Energy Minister Panagiotis Lafazanis said, despite promising its creditors not to halt sales that are underway. The Public Power Corporation has already launched a tender to sell a 66 percent stake in its power grid operator ADMIE, and...

  • Feb 24- U.S. solar company First Solar Inc on Tuesday reported sharply higher quarterly earnings in part due to the sale of a large California solar power plant to Southern Co.. For the first quarter, First Solar forecast sales of $550 million to $650 million and a loss of 25 cents to 35 cents a share. On Monday, First Solar and SunPower said they were in talks to bundle...

  • The 2 industries fighting over your electric bill Tuesday, 24 Feb 2015 | 1:34 PM ET
    Solar panel instalation

    Some utilities are pushing back against the growing number of customers who use solar technology to generate their own electricity.

  • Nikkei steady as market awaits Yellen's speech Monday, 23 Feb 2015 | 9:18 PM ET

    TOKYO, Feb 24- Japan's Nikkei share average edged up on Tuesday but investors were cautious ahead of comments from U.S. Expectations that the Fed will hike interest rates this year amid signals of a strengthening U.S. economy have kept the market sensitive to the prospects of capital outflows from Asia back to the United States. Yellen testifies before Congress...

  • *Reports adjusted profit $0.86/ share vs estimate of $0.88. Feb 18- Duke Energy Corp said it could reach a settlement with the U.S. government in the "next several days" over a federal grand jury probe into a coal ash spill in North Carolina's Dan River last February. A pipe break at a retired Duke coal plant triggered the third-worst coal ash spill in U.S. history,...

  • Feb 18- Citigroup Inc said it would set aside $100 billion to fund environmental projects over the next decade, doubling the amount it had earmarked for such projects in 2007.. Citigroup financed the Solar Star photovoltaic project in Southern California for Berkshire Hathaway Energy in 2013.. The project, constructed by Sunpower Corp, is expected to generate...

  • Feb 18- Duke Energy Corp said it could reach a settlement with the U.S. government in the "next several days" over a federal grand jury probe into a coal ash spill in North Carolina's Dan River last February. A pipe break at a retired Duke coal plant triggered the third-worst coal ash spill in U.S. history, prompting North Carolina's Senate to ask Duke to close 33 coal...

  • Duke has been retiring some of its coal powered plants to comply with North Carolina's Coal Ash Management Act of 2014. The state's Senate has asked Duke to close 33 coal ash ponds within 15 years after coal ash was released into the Dan River from a retired plant in February last year. The company said it recorded a charge of 14 cents per share in anticipation of...

  • If history is a guide, then this is a safe bet, with state-controlled behemoth Coal India consistently failing to meet output targets and battling to supply enough fuel for the South Asian nation's electricity generators. The new government of Prime Minister Narendra Modi has shown some determination to reform India's vast coal sector, starting with making...

  • BOGOTA, Feb 17- U.S.-based Drummond said it expects coal production in Colombia this year to reach about 30 million tonnes as it increases mining even as prices remain low, its Colombia president Jose Miguel Linares said on Tuesday. Colombia's second biggest coal miner produced about 26.8 million tonnes last year, up 17.5 percent from 2013. The company is...

  • *First Solar says land, financing key in solar drive. NEW DELHI, Feb 15- India will struggle to hit its "hugely ambitious" renewable energy target if it fails to make more land available for plants and ensure utilities have the means to buy in clean energy, the head of U.S.-based First Solar said on Sunday. First Solar Chief Executive Jim Hughes said he welcomed the...

  • NEW DELHI, Feb 15- U.S.-based SunEdison and First Solar on Sunday committed to build more than 20,000 megawatts of clean energy capacity in India by 2022, a boost for Prime Minister Narendra Modi's efforts to meet ambitious renewable targets. SunEdison said it would build 15,200 MW of solar and wind power capacity by 2022, while First Solar made a commitment to...

  • BEIJING, Feb 12- China's installed capacity for grid-connected wind power rose nearly 26 percent to 96.37 gigawatts in 2014, accounting for 7 percent of the country's total, the National Energy Administration said on Thursday. The nation is on track to meet a wind capacity target of 100 GW set in its 2011-2015 "five-year plan" for the energy sector after a rapid...

  • *To pay dividend of 3.9 DKK a share vs forecast 4 DKK. COPENHAGEN, Feb 11- Danish wind turbine maker Vestas proposed its first dividend payment in 12 years after beating fourth-quarter profit forecasts, though its shares fell on what analysts described as conservative targets for 2015.. The dividend payment is a sign Vestas Wind Systems has finally turned the...

  • SAN FRANCISCO, Feb 10- Apple Inc will buy about $850 million of power from a new California solar farm to cut its energy bill, the iPhone maker said on Tuesday as its stock market value closed above $700 billion for the first time. The First Solar Inc plant, with the capacity to power the equivalent of 60,000 homes, will be used to supply electricity for Apple's new...

  • The Desert Sunlight Solar Farm, located in Riverside County about 170 miles east of downtown Los Angeles, was operating at full capacity and providing 550 megawatts of electricity to the grid, the Department of the Interior said. The power generated is being provided to Pacific Gas& Electric Company and Southern California Edison under long-term contracts,...

  • SAN FRANCISCO, Feb 10- Apple Inc Chief Executive Tim Cook said on Tuesday the technology company is investing $850 million to help build a solar farm in California with solar panel maker First Solar. The project in Monterey County, California will provide enough energy for 60,000 homes as well as Apple's head office in nearby Cupertino, Cook said at a Goldman...

  • Japan LNG spot price falls to $10.20/mmBtu in Jan Monday, 9 Feb 2015 | 10:30 PM ET

    Spot LNG contracted in January for delivery to Japan averaged $10.20 per million British thermal unit, down from $11.60 a month earlier, the Ministry of Economy, Trade and Industry said. Cargoes arriving last month averaged $13.90 per mmBtu, compared with $15.10 in December. Japan started releasing spot LNG prices in April 2014 to add transparency to the market...

  • BRUSSELS, Feb 9- Rich nations provided nearly $15 billion over a decade from 2003 to 2013 to fund exports of coal-fired power plant and coal mining technology, data seen by Reuters shows, defying calls to end subsidies for the most polluting of the fossil fuels. A document prepared late last year by the Paris- based Organisation for Economic Cooperation and...

  • The disaster exposed flaws in the national grid, pushed up prices and led to three of them, including Tepco, owner of the Fukushima plant, to turn to the government for aid. The growing ties between Chubu and Tepco may prompt mergers in the industry after the government opens up the $63 billion retail market from April 2016, said Tom O'Sullivan, founder of...