Electric Utilities
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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.
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April 26- U.S. power company NRG Energy Inc. said on Friday a technology it developed with the University of Delaware has sold power from electric vehicles to the power grid for the first time. Mid-Atlantic and Midwest states and the District of Columbia.
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OSLO, April 26- Imports of cheaper power from Germany weighed on Nordic spot power prices, partly offsetting falling hydro inflows, Thomson Reuters Point Carbon analysts said on Friday. "Nordic countries are going to import power from Germany for all hours on Saturday, on average 2,000 MW, and higher than we expected," a Point Carbon analyst said.
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FRANKFURT, April 26- Europe's prompt power market on Friday was split, with a bearish German price outlook on ample local supply, and higher French prices due to cooler weather boosting the country's heating demand. France's electricity contract for Monday delivery rose 1.75 euros over what was paid for Friday to 33.0 euros a megawatt hour.
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FRANKFURT, April 26- German utility RWE. on its transparency website updated planned maintenance outages at its power stations in the 2013 Calender Year. (previous schedule here. Along the lines of competitors E.ON.
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ATHENS, April 26- Greece will not increase its regulated electricity prices as of May 1, as was previously planned, the energy ministry said on Friday.
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*Proposal affects FSK, MRSK, Gazprom, Novatek in particular. MOSCOW, April 26- Russian utilities and gas companies dragged down Moscow's stock market on Friday after President Vladimir Putin called for limits on rises in gas and power tariffs.
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*Germany boosting renewables, aims to exit nuclear. FRANKFURT, April 26- Germany's green energy drive is proving surprisingly good for dirty brown coal as utilities squeezed by rival renewables and low wholesale gas prices use more of it.
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Czech electricity for Monday fell to 29.75 euros per megawatt hour from the Friday delivery price of 30.14 euros in over-the-counter trade, representing a premium of about 50 cents to neighbouring Germany.
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IRSCHING, Germany, April 26- Germany's top utility E.ON said it reached a deal with regulators and grid operators to keep open its modern but unprofitable Irsching gas-fired power station in Bavaria, providing reserve power to stabilise the grid. Irsching 4 is fully owned by E.ON while Irsching 5 is also part-owned by local utilities Mainova, N-Ergie and HSE.
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April 26- For a full statement on the results of Asia's largest wind power generator, China Longyuan Power Group Corp Ltd, please click on:.
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SEOUL, April 26- Korea South-East Power Co Ltd has bought 1.3 million tonnes per year of coal via term tenders on April 23 while declining to buy a total of 280,000 tonnes of coal via spot tenders due to high prices, a source from the utility said. Although the source did not elaborate on price and supplier information, other details of the purchase are as follows:.
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MADRID, April 26- Spanish power grid operator Red Electrica posted on Friday a 6.8 percent rise in first-quarter net profit to 149.6 million euros, in line with the company's target for annual profit growth of up to 8 percent over the next five years.
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The government will sell a 25 percent stake in satellite operator Hispasat to infrastructure firm Abertis and Eutelsat, ABC reported. Spanish power grid operator Red Electrica posted a 6.8 percent rise in first-quarter net profit to 149.6 million euros, in line with the company's target for annual profit growth of up to 8 percent over the next five years.
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HOUSTON, April 25- Clean Line Energy Partners LLC has signed an agreement to acquire Power Network New Mexico, a proposed 200- mile, 345- kilovolt transmission line designed to transfer renewable power resources from New Mexico to Western U.S. states, Clean Line said on Thursday.
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*To provide project development services for North Anna unit 3. *Says to provide project development services for proposed 1,470- megawatt. nuclear unit at its North Anna power station.
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LONG BEACH, Calif., April 25- Economic turmoil in Spain, Portugal and other southern European countries has depressed their stock markets to the point where they look downright cheap.
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April 25- U.S. power company Dominion Resources Inc's CEO said on Thursday construction of several power plants in Virginia was on schedule and on budget and expected to enter service over the next few years to meet growing customer demand for electricity.
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MOSCOW, April 25- Russia's Economy Ministry has proposed slowing the pace of tariff growth for power grid companies and for industrial consumers of natural gas, as the government tries to curb inflation and boost economic growth, a ministry source said on Thursday.
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PARIS, April 25- French nuclear group Areva. said on Thursday it had signed an agreement with China to build a nuclear fuel recycling facility there and raised the possibility of building a new reactor type with the Chinese.