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Electric Utilities

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  • 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...

  • WASHINGTON, Jan 12- The U.S. Supreme Court on Monday wrestled with the question of whether a federal law governing the natural gas market would allow energy companies to evade state antitrust claims made over the western U.S. energy crisis between 2000 and 2002.. Several energy companies, including American Electric Power Company Inc, Dynegy Inc and ONEOK Inc,...

  • Jan 12- A group of hedge fund creditors of Caesars Entertainment Corp sought on Monday to force its main operating unit into bankruptcy and to appoint an independent examiner to investigate what they allege was the plundering of the company. The involuntary bankruptcy petition was filed by affiliates of Appaloosa Management, Oaktree Capital Management and...

  • NEW DELHI, Jan 12- Rio Tinto Ltd expects to start exporting Australian uranium to India in the next two years, its chief executive said, as soon as safeguards are in place to restrict its use to power generation. Modi and his Australian counterpart Tony Abbott sealed a deal in September for Australia to sell India uranium, in a show of international acceptance...

  • GANDHINAGAR, India, Jan 11- There could be progress on U.S.- India civil nuclear cooperation, solar power and climate change when U.S. President Barack Obama visits India in two weeks, U.S. officials said on Sunday. Obama's visit to India and trips by Kerry and other U.S. senior officials aim to woo India as a strategic partner and to win greater access to the vast...

  • Time to cut the cord on global power grid Thursday, 8 Jan 2015 | 2:59 PM ET
    Electrical outlet

    It's time for energy utilities and grids to cut the old-school cord, says Terry Tamminen.

  • Jan 6- American Electric Power Co Inc said on Tuesday that it retained Goldman Sachs to explore options for its wholesale power business. The assets include 11 company-owned plants and stakes in two jointly owned power plants, Melissa McHenry, director of external communications at American Electric, said in an e-mail. Columbus, Ohio- based American Electric...

  • SAN FRANCISCO, Jan 5- California Governor Jerry Brown on Monday laid out an ambitious plan for 50 percent of the state's electricity to be generated by renewable resources over the next 15 years and to cut petroleum usage by drivers. SolarCity Corp, the largest U.S. residential solar panel installer, and Vivint Solar Inc are already big players in California.

  • SYDNEY, Jan 5- Glencore Plc on Monday said it was restarting coal mining operations in Australia, following a three-week suspension aimed at combating a global supply glut made worse by protectionist trade measures introduced in China. World thermal coal trade is estimated to have declined by 4.5 per cent to 1.023 billion tonnes in 2014, driven largely by...

  • Germans balk at plan for wind power lines Wednesday, 24 Dec 2014 | 11:55 PM ET
    Wind power station, Schleswig-Holstein, Germany

    Germans have welcomed renewable energy, even as electric bills doubled. But enthusiasm appears to be waning with a plan for high-voltage transmission lines. The New York Times reports.

  • Microsoft Corp and Sony itself are also showing the comedy, a day before its scheduled premiere at some 320 independent theaters. He added that Sony had first reached out to Google, Microsoft "and other partners" on Dec. 17, the day the studio said it was canceling the movie's Christmas Day release. The showing is a chance for Google and Microsoft, which have been bit...