NEW YORK— Independent power producer Calpine said Friday will sell six power plants in the Southeast to LS Power for $1.57 billion.» Read More
TOKYO, Jan 10- Marubeni Corp has bought a Tokyo- area 100- megawatt gas power plant, the Japanese trading house said on Friday, as it looks to take advantage of major reforms in store for the nation's power sector.
Utility companies' battle with solar users illustrates the distance the alternative energy source has traveled.
Several utility companies have recently announced increases in their retail electricity rate as they struggle to meet peak periods of demand.
BEIJING, Jan 8- China approved the construction of more than 100 million tonnes of new coal production capacity in 2013- six times more than a year earlier and equal to 10 percent of U.S. annual usage- flying in the face of plans to tackle choking air pollution.
HOUSTON, Jan 7- PJM Interconnection, the power grid agency for the mid-Atlantic and parts of the Midwest, took emergency steps to meet surging demand as subzero temperatures forced power plants to shut, grid officials said on Tuesday.
LONDON, Jan 7- Texas struggled to keep the heating working on Monday as unusually cold weather combined with unexpected power plant outages to reduce reserve margins to critically low levels.
Consensus is growing that the U.S. electricity grid is vulnerable to both hacking and physical attacks, but protecting it remains a work in progress.
COPENHAGEN, Dec 27- Turbine maker Vestas Wind Systems has received its highest ever monthly total of orders in December as wind farm developers in the United States rushed to meet a year-end deadline to qualify for a tax credit.
TOKYO, Dec 26- Toshiba Corp said it is in the final stages of nailing down a majority stake in a British nuclear power consortium after one of the joint shareholders agreed to sell the Japanese company its 50 percent stake.
TIANJIN/ BEIJING, Dec 26- The Chinese city of Tianjin on Thursday launched the country's fifth emissions trading scheme as the world's biggest-emitting nation took another step towards reining in its impact on the environment.
*Firm seeking new market in Algeria as south Europe weak. MISRATA, Libya, Dec 24- The Libyan Iron and Steel Company is planning slightly higher overall production next year, its chairman told Reuters, but shortages of electricity and gas will continue to disrupt its recovery following the country's civil war.
VIENTIANE, Dec 24- For the Communists running Laos, the fruits of capitalism have never been so bountiful. The boom in Laos, one of Asia's poorest countries, is not over, but serious cracks are starting to show. "The economy is overheating," Ashvin Ahuja, who led an International Monetary Fund delegation to Laos in September, told Reuters.
Dec 19- U.S. power company Entergy Corp on Thursday completed the integration of its Gulf Coast service area into the power grid that operates the Midwest power system, relinquishing control after a decade-long struggle with regulators and independent power companies.
LONDON, Dec 19- Deutsche Bank AG is holding preliminary talks with potential buyers of its uranium trading business- the first sign since announcing it was largely exiting commodities trading that parts of the operation are now on the block.
WASHINGTON, Dec 18- The U.S. Senate's top tax writer unveiled a proposal on Wednesday to change the way the government promotes clean energy by streamlining dozens of federal tax incentives for electricity and fuel production.
*Britain confident investigation over by summer. Britain has offered EDF a price guarantee lasting 35 years on power from a plant which the French utility plans to build at Hinkley Point in southwest England, but the support mechanism needs state aid approval from the European Commission.
BRUSSELS, Dec 18- European Union state aid regulators launched on Wednesday an investigation into proposed British support for a 16- billion pound nuclear power plant to be built by EDF, saying they had doubts the project needed help.
In response to the court's decision to halt operations, leading Chilean electricity generator Endesa said it was analyzing legal avenues for the suspension to be lifted. "The plant's operation has not had an environmental impact different to what was outlined in its environmental permit," Endesa said in a statement.
SANTIAGO, Dec 17- A Chilean appeals court has halted operations at energy company Endesa Chile's 350 megawatt Bocamina II plant at the request of local fishermen, who say the coal-fired complex has polluted the area. The Concepcion Court of Appeals is poised to issue a ruling in two to three months.
"Coal is abundant and geopolitically secure, and coal-fired plants are easily integrated into existing power systems," Van der Hoeven admitted. Coal power plants are simple and cheap to build, and produce a predictable and reliable flow of electricity on demand.