Electric Utilities
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The company decided to sell the plants to reduce its exposure to merchant pricing and recognized a charge of roughly $41 million, NextEra said in its first quarter earnings release. Last month, NextEra sold 351 MW of hydropower assets in Maine and New Hampshire to a unit of Brookfield Renewable Energy Partners LP.
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SEOUL, April 30- South Korean stocks reached their highest levels in nearly four months Tuesday morning, driven by Samsung Electronics, as hopes grew over political stability in Italy and monetary stimulus in Europe and the United States.
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*California more reliant on natural gas generation.
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*California more reliant on natural gas generation.
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HOUSTON, April 29- Wholesale power prices per megawatt-hour in California dipped just 2 percent last year, barely reflecting a 30 percent drop in average natural gas prices, as the absence of two Southern California nuclear units, less hydropower and higher demand kept prices up, the state electric grid agency said in a report on Monday.
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April 29- The Iowa unit of U.S. power company Alliant Energy Corp said Monday it reached an agreement with the state's consumer advocate that would allow the utility to build a 600- megawatt natural gas-fired power plant, if allowed by regulators.
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*Spot power for Tuesday set at 39.52 euros/ MWh. OSLO, April 29- Nordic spot power prices firmed slightly on an expected fall in wind power output, while a rise was partly offset by decreasing consumption and higher water inflows, Point Carbon analysts said.
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PARIS, April 29- France's nuclear watchdog ASN has asked EDF to carry out improvements at reactor 2 of its Fessenheim nuclear power plant, or else face a shutdown before its planned closure at the end of 2016.. The utility agreed to do so at a cost of 20 million euros.
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FRANKFURT, April 29- European prompt power prices rose in France and Germany due to low German wind power output and cool temperatures for the time of year, which raised demand. France's electricity contract for Tuesday delivery rose 3.25 euros over what was paid for Monday to 36.25 euros a megawatt hour.
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April 29- American Electric Power Company Inc:. For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
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MTN Nigeria became the latest borrower last week when it agreed a $3 billion loan to expand its network through Nigeria's Guaranty Trust Bank and other lenders Citigroup, Standard Chartered, Industrial and Commercial Bank of China, China Development Bank and China Construction Bank.
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Turkey, likely to overtake Britain as Europe's third-biggest electricity consumer within ten years, plans to build several nuclear plants over the next decade to reduce its dependence on imported oil and gas.
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ANKARA, April 29- Turkey's energy minister said Ankara will announce by the weekend which country will construct its second nuclear power station, a project expected to cost around $22 billion. China and Japan are the front runners, " Taner Yildiz told reporters on Monday.
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ANKARA, April 29- Turkish energy company Kartet has secured a deal to export electricity to Kurdish northern Iraq and has applied for an export licence, sources close to the matter said, a development that could add to tensions between Baghdad and Ankara.
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April 29- American Electric Power Company Inc:. *Jefferies raises price target to $56.50 from $55. Reuters Station users, click. 1568.
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April 29- American Electric Power Company Inc:. *Bernstein raises target price to $52 from $46. Reuters Station users, click. 1568.
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Mid- Atlantic and Midwest electric grid operator PJM Interconnection on Monday opened a new process to allow utility and non-utility competitors to propose solutions for power system needs in specific areas.
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April 28- American Electric Power Company Inc:. *BMO raises price target to $52 from $46; rating market perform. Reuters Station users, click. 1568.
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April 28- American Electric Power Company Inc:. *RBC raises price target to $50 from $47; rating sector perform. Reuters Station users, click. 1568.
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If you've noticed your utility bills falling, there's a good reason. Surging natural gas production in the U.S. has had one benefit already: curbing or even cutting power costs.