Electric Utilities


  • Solar's spike tied to oil prices? Don't bet on it Sunday, 30 Mar 2014 | 11:00 AM ET
    Solar receivers and boilers on top of two towers are reflected in heliostats at the Ivanpah Solar Electric Generating System on March 3, 2014 in the Mojave Desert in California near Primm, Nevada.

    The link between oil prices and solar energy stocks has broken down, and that may be a good thing for renewable firms.

  • WASHINGTON, March 28- The U.S. Energy Department will soon issue a plan to offer loan aid for renewable energy projects, Energy Secretary Ernest Moniz said on Friday, doubling down on investments that have drawn intense criticism over past government-backed business flops.

  • Top Texas energy company on verge of bankruptcy Friday, 28 Mar 2014 | 3:57 PM ET

    March 28- Leading Texas power company Energy Future Holdings is widely expected to file for bankruptcy in the coming days, the victim of a record-breaking buyout that piled it with debt just as prices for its electricity plunged.

  • HONG KONG, March 28- China Shenhua Energy Co Ltd, the country's largest coal producer, posted a 9.3 percent fall in 2013 net profit, roughly in line with forecasts, as coal prices slid amid a slowing domestic economy.

  • SAN DIEGO, March 27- Hundreds of potential buyers are bidding on tons of tools, equipment and odds-and-ends from a shuttered Southern California nuclear plant, as a utility proceeds with decommissioning it.

  • HELSINKI, March 27- Finnish retailer Kesko on Thursday said it would drop out of the Fennovoima nuclear project, adding to concerns over the progress of the consortium's plan to build a 4 to 6 billion euro reactor in western Finland.

  • MOSCOW, March 27- Russia's nuclear industry contracts with other countries could be affected by Western sanctions, the head of state nuclear corporation Rosatom was quoted as saying on Thursday.

  • Brazil nuclear plant maintenance adds to energy crunch Wednesday, 26 Mar 2014 | 7:34 PM ET

    BRASILIA, March 26- Brazil will shut down one of its two nuclear power reactors for refueling and maintenance, depriving the nation of enough electricity to light up a city of about 1 million at a crucial time when it faces the prospect of power rationing due to drought.

  • LONDON, March 25- Britain is reviewing its nuclear cooperation agreement with Russian state firm Rosatom because of the Ukraine crisis, the Department of Energy and Climate Change said. Under the deal, Britain's Office for Nuclear Regulation and the Environment Agency provided Rosatom with guidance on Britain's nuclear regulation.

  • LONDON, March 25- Britain is reviewing an agreement it made with Russian state nuclear firm Rosatom on nuclear cooperation, in reaction to the crisis in Ukraine, the Department of Energy and Climate Change said.

  • Japan lifts offshore wind tariff, cuts solar prices Tuesday, 25 Mar 2014 | 6:00 AM ET

    TOKYO, March 25- Japan will lift the amount utilities must pay for electricity from offshore wind farms while cutting prices for power fed in from solar projects, as the country looks to diversify its use of renewable energy.

  • LAUNCESTON, Australia, March 25- Asian spot liquefied natural gas prices have started their seasonal downturn after the winter peak, but how far they will fall depends on whether coal remains cheap and if Japan restarts some nuclear capacity. Last year, spot LNG fell 28 percent from the peak of $19.67 per mmBtu on Feb. 18 to a low of $14.13 on May 3.

  • The EPA veto was issued after President Barack Obama, a Democrat, became president in 2009. Conservatives have accused Obama of waging a "war on coal," a reference to the administration's efforts to reduce greenhouse gas emissions, including those from coal-burning power plants.

  • LONDON, March 23- Britain's big six energy companies will face the threat of break-up this week with their regulator Ofgem expected to announce its intention to refer the firms to the new Competition and Markets Authority, according to the Sunday Times.

  • LONDON, March 23- Britain's big six energy companies will face the threat of break-up this week with their regulator Ofgem expected to announce its intention to refer the firms to the new Competition and Markets Authority, according to the Sunday Times.

  • *Nigeria needs huge gas consumption to fix power blackouts. *Nigeria has world's ninth largest gas reserves. "Most people are still only here for the oil, yet Nigeria is sitting on a gas canister," said an oil industry executive.

  • BRASILIA, March 20- Brazilian President Dilma Rousseff is holding on to her wide lead over potential rivals and would win a second term outright in the Oct. 5 general election, according to a poll published on Thursday.

  • *Mining output to rise in Australia, Colombia, South Africa. "As global output is now set to expand, we believe the supply overhang will persist and revise our forecast for Newcastle coal lower to $74 per tonne as an average for 2014, down from $82 per tonne previously," Bank of America Merrill Lynch said in a research note on Thursday.

  • BRUSSELS/ LONDON, March 19- European Union leaders are preparing to set an October deadline for agreeing on the bloc's 2030 climate and energy goals, a draft document seen by Reuters shows.

  • *Sees higher shipments, margins in 2014 as China contributes less. *Says has 1 GW worth of power plant projects across China. A recovery in solar panel prices after a four year slump has helped Yingli's rivals such as Trina Solar Ltd, JA Solar Holdings Co Ltd post profits in recent quarters, while JinkoSolar Holding Co Ltd posted a profit last August.