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Electric Utilities

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  • 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...

  • *PM Abbott wants to cut state support for industry. SYDNEY, Feb 8- Australia faces a A $17 billion exodus of investment from its windfarm industry because of a political deadlock, threatening to deal the country a major economic blow and kill hopes of meeting a self-imposed clean energy target. "It's a difficult time at the moment, and the policy uncertainty is the...

  • KUALA LUMPUR, Feb 6- Troubled state-owned investment fund 1 Malaysia Development Bhd has called off plans to sell up to 8.4 billion ringgit of Islamic bonds, two people familiar with the issue told Reuters on Saturday. Malaysian media had reported on Saturday that 1 MDB may pull out, thereby allowing Malaysia's largest power group Tenaga Nasional Bhd to take...

  • Japan aims to restart nuclear reactor in June -sources Thursday, 5 Feb 2015 | 9:49 PM ET

    TOKYO, Feb 6- Japan's government is aiming to restart a nuclear reactor by around June following a lengthy and politically-sensitive approval process in the wake of the Fukushima disaster, sources familiar with the plans said. Prime Minister Shinzo Abe's government has been pushing to bring some of the country's reactors back online after all 48 closed...

  • SHANGHAI/ HONG KONG, Feb 4- China Power Investment Corp is merging with the State Nuclear Power Technology Corp, as Beijing drives consolidation in its rapidly expanding nuclear power sector with the aim of eventually exporting reactors. "The merger will help them expand in China, and the overseas market in the long run," said Francois Morin, Beijing- based China...

  • SHANGHAI, Feb 4- Chinese power producer, China Power Investment Corp, is merging with the State Nuclear Power Technology Corp, as Beijing moves to consolidate its nuclear sector to boost exports of homemade reactors. Shanghai Electric Power Corp Ltd said its parent company, China Power Investment Corp, had got approval to start work on a merger with SNPTC, which...

  • BRASILIA/ SAO PAULO, Feb 3- A severe drought is accelerating Brazil's expected descent into recession, adding to President Dilma Rousseff's woes as she takes unpopular austerity measures and faces economic fallout from a corruption scandal at state-run oil company Petrobras. The minister, who asked not to be named, said water rationing looks inevitable in the...

  • NEW DELHI/ WASHINGTON, Feb 3- A "breakthrough understanding" to open India's nuclear power sector to U.S. firms reached during President Barack Obama's visit to New Delhi last month could be finalized this year, Indian officials say. India wants to nearly treble its installed nuclear capacity, which would make it the world's second biggest market after China.

  • *Dow, S&P 500 coming off worst month since Jan 2014. NEW YORK, Feb 2- U.S. stocks ended sharply higher on Monday after a late rally driven by hopes for a Greek debt deal and as energy shares bounced with oil prices. Greece's new government has proposed ending a standoff with its international creditors by swapping its outstanding debt for new growth-linked bonds,...

  • *Dow, S&P 500 coming off worst month since Jan 2014. NEW YORK, Feb 2- U.S. stocks were nearly flat in a volatile session on Monday as disappointing readings on consumer spending and the manufacturing sector were offset by gains in energy shares. Shares of Exxon Mobil were up 1 percent after it reported a smaller-than-expected profit drop.

  • *Dow, S&P 500 coming off worst month since Jan 2014. NEW YORK, Feb 2- U.S. stocks rose in a volatile session on Monday as better-than-expected results from Exxon lifted energy shares and offset disappointing readings on consumer spending and the manufacturing sector. The sector rose 1.4 percent after Exxon Mobil reported a smaller-than-expected profit drop of...

  • *Dow, S&P 500 coming off worst month since Jan 2014. NEW YORK, Feb 2- The S&P 500 edged up in a volatile session on Monday as better-than-expected results from Exxon lifted energy shares and offset disappointing readings on consumer spending and the manufacturing sector. The sector rose 0.9 percent after Exxon Mobil reported a smaller-than-expected profit drop...

  • *Seiko Epson, Konica Minolta dive after earnings. TOKYO, Feb 2- Japanese share prices fell on Monday after economic data from the U.S. and China cast shadows on the global economic outlook, while shares in two printer manufacturers tumbled after their earnings disappointed investors. Printer maker Seiko Epson fell 10.6 percent and rival Konica Minolta dropped...