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Electric Utilities

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  • NEW DELHI, Jan 29- Indian state-run utility NTPC has restricted the building of three new solar power projects to domestic manufacturers, even as India pushes for overseas companies to lead fresh investments into a renewable energy drive. Modi wants foreign companies to lead $100 billion of fresh investment to raise India's solar energy capacity 33 times to...

  • *Sale of assets including stake in Greece's main utility halted. *Greek minister says Athens against sanctions on Russia. It said it would halt the sale of stakes in the Public Power Corporation of Greece, Greece's biggest utility, and refiner Hellenic Petroleum and put other planned asset sales of motorways, airports and the power grid on ice.

  • American Electric Power misses 4Q Street forecasts Wednesday, 28 Jan 2015 | 11:02 AM ET
    Power lines run past the cooling tower and smoke stacks at American Electric Power's Mountaineer coal power plant in New Haven, West Virginia.

    American Electric Power on Wednesday reported fourth-quarter profit of $191 million, falling short of estimates.

  • NEW YORK, Jan 27- Blackstone Group LP, the world's largest alternative asset manager, is raising its first energy-focused credit fund, according to people familiar with the matter, the latest sign that private equity firms are seeing investment opportunities among distressed energy assets. GSO Capital Partners LP, Blackstone's credit investment arm, has...

  • Daniel Roderick, president and CEO of Toshiba- backed Westinghouse Electric Co, said a commitment by India to "channel" immediate costs arising from any nuclear accident to the plant operator marked an important step forward. But he said he was looking for more detail on a nuclear liability insurance pool that India has proposed that would involve a state...

  • Speaking after the leaders of India and the United States struck a summit deal on civil nuclear cooperation, CEO Daniel Roderick said he was looking for more clarity on how a nuclear liability insurance pool proposed by India would work.

  • President Barack Obama unveiled a plan centred on insurance on Sunday that they hope will convince U.S. companies to build nuclear power stations in India, but stopped short of demands to soften a liability law. "The India nuclear insurance pool is a risk transfer mechanism which is being formed by GIC Re and four other public sector undertakings in the general...

  • NEW YORK, Jan 23- Issuance of green bonds for companies working on battling climate change are booming, but investors say the label needs safeguards against bogus proposals that could sour retail buyers and wealth advisers just starting to tune into the securities. "The market is at a critical juncture, and it is important that certain standards and certain...

  • India to push renewable energy drive during Obama visit Thursday, 22 Jan 2015 | 4:26 AM ET

    WASHINGTON/ NEW DELHI, Jan 22- India will look to the United States for more private sector partnerships and technology to support a drive to expand its use of clean energy, as Washington looks to secure political support for a global climate change deal in 2015.. India will surely be looking for the means to technology transfer to boost renewable energy, "said...

  • SAO PAULO, Jan 19- Rolling blackouts swept across parts of Brazil on Monday as the grid operator ordered select power cuts to avoid a larger crisis, drawing attention to a fragile electric system that is buckling under the strains of record-breaking heat and dryness. Grid operator ONS said it orchestrated 2,200 megawatts of controlled outages in eight states...

  • FRANKFURT, Jan 19- Germany's biggest utilities have set aside tens of billions of euros to fund the country's exit from nuclear power from 2022, when the last reactor leaves the grid and the clear-up begins. Germany's "big four"- E.ON, RWE, EnBW and Vattenfall- have piled up 36 billion euros to switch off their nuclear plants by a 2022 deadline, set following the...

  • *Experts see IEA's $100 billion estimate as too low. The International Energy Agency said late last year that almost 200 of the 434 reactors in operation around the globe would be retired by 2040, and estimated the cost of decommissioning them at more than $100 billion. The IEA's head of power generation analysis, Marco Baroni, said that even excluding waste...

  • FRANKFURT, Jan 19- Germany's biggest utilities have set aside tens of billions of euros to fund the country's exit from nuclear power from 2022, when the last reactor leaves the grid and the clear-up begins. Germany's "big four"- E.ON, RWE, EnBW and Vattenfall- have piled up 36 billion euros to switch off their nuclear plants by a 2022 deadline, set following the...

  • *Copper consumption in power sector seen up 8.7 pct- Antaike. HONG KONG, Jan 19- Record investment in China's state power grid is set to boost copper consumption in the power sector this year by around 9 percent, a state-backed research firm said on Monday, a positive piece of news for a metal languishing near 5-1/ 2 year lows. "It definitely matters for your outlook on...

  • NEW YORK, Jan 16- Electric utilities in the United States can expect an extra $12 billion a year in annual revenue by 2030 as heat waves increase the demand for air conditioning. Although environmental groups say the SEC has not enforced that requirement rigorously enough, many companies' regulatory filings describe how climate change threatens their...

  • *Copper down 6.2 percent on the week. LONDON, Jan 16- Copper edged further away from 5-1/ 2 year lows on Friday after moves by China to boost power grid spending and lending helped to ease fears about demand, but the metal still notched its biggest weekly loss since 2011.. Copper found support from news that the Chinese State Grid plans to boost investment by 24 percent...

  • BEIJING, Jan 16- China will push its big nuclear firms to improve their competitiveness and boost their presence overseas as it bids to become one of the world's dominant nuclear energy powers, the country's premier Li Keqiang said. "To continue the struggle to become a strong nuclear energy power, China must comprehensively raise the industry's competitive...

  • Japan LNG spot price falls to $11.60/mmBtu in Dec Tuesday, 13 Jan 2015 | 11:19 PM ET

    TOKYO, Jan 14- Liquefied natural gas spot prices for Japanese buyers extended declines in December after two previous months of gain, Japan's trade ministry said on Wednesday, as well-stocked buyers in Asia remained mostly on the sidelines. Spot LNG contracted in December for delivery to Japan averaged $11.60 per million British thermal unit, down from $14.40...

  • *Areva, Aecom and Amec Foster Wheeler in consortium. LONDON, Jan 13- An international consortium managing Britain's Sellafield nuclear waste site clean-up is to be stripped of the multi-billion-pound contract, the British government said on Tuesday. The consortium, Nuclear Management Partners, includes France's Areva, U.S. engineering firm Aecom and...

  • Mexico sees $14 bln in wind energy investment by 2018 Monday, 12 Jan 2015 | 10:22 PM ET

    MEXICO CITY, Jan 12- Mexico expects some $14 billion of investment in wind farms between 2015 and 2018, which will more than triple installed capacity in the country, the energy ministry said on Monday. The planned investment aims to raise Mexico's wind energy capacity from some 2,551 Megawatts to 9,500 MW, Energy Minister Pedro Joaquin Coldwell told local...