The New York Stock Exchange invoked the largely unknown Rule 48 four times in the past week. Here's what the market usually does in response.» Read More
RIO DE JANEIRO, Sept 18- Brazil's state-led electricity utility holding company Centrais Eletricas Brasileiras SA said on Friday it expects to receive 2.23 billion reais from Eletropaulo Metropolitana SA for a 29- year-old debt. The debt was contracted by Eletropaulo in 1986, more than a decade before AES bought control of the company from the government of...
RIO DE JANEIRO, Sept 17- Brazil's Eletropaulo Metropolitana SA, controlled by U.S. utility AES Corp, said on Thursday that it should not have to pay a 1.7- billion-real debt owed to Brazilian state-run utility Eletrobras, as recommended by a court-appointed consultant. The debt was contracted by Eletropaulo in 1986, more than a decade before AES bought control...
MEXICO CITY, Aug 10- A new partnership between U.S.-based power company AES Corp and Mexico's Grupo Bal launched on Monday will invest up to $2.5 billion over the next five years mostly in Mexico's newly opened power sector, a top AES executive said in an interview. The 50/ 50 joint venture with Grupo Bal aims to direct about three-quarters of the five-year...
July 26- General Electric Co wants to be a "sizable" player in the market for systems that store energy to manage power volatility, a sector the company expects to quadruple to $6 billion by 2020, the head of GE's energy storage business told Reuters. This need has attracted a wide range of companies, including Elon Musk's Tesla Motors Inc, which said in April it plans...
SAO PAULO, July 14- Sky-high power prices in Brazil following the worst energy crisis in 15 years will favor quick expansion of distributed solar generation in the country, according to investors and consultants. Brazil's power sector watchdog Aneel is holding public hearings to discuss regulations to expand the system. "Power generation, particularly solar...
May 8- California will have enough power to meet air conditioning demand this summer despite continued low hydropower supplies due to an ongoing multi-year drought. "It is always a challenge to operate the grid under the high loads produced by sweltering summer temperatures, but our analysis shows we have the resources available to meet California's need...
German utility RWE and other investors are betting that the largest traded renewable company in Europe has a bright future.
Take a look at some of Friday's midday movers:
Some of Monday's midday movers:
U.S. stocks closed down in low volume trade on Tuesday, pressured by weakness abroad and a sharp decline in the utilities sector.
Take a look at some of Tuesday's midday movers:
Some of Thursday's midday movers:
Two market pros explain where they are looking to make money in this market, and what names are on their buy list.
Some of Wednesday's midday movers:
Some S&P 500 companies in conservative states already are managing weather shifts, according to a new report. Inside the climate change fight.
Since January, utilities have been the top performer in the S&P. But investors beware: If interest rates rise, you could be hard-hit.
Nuclear power producer Exelon Corp. said it would buy Pepco Holdings for $6.83 billion to create the biggest mid-Atlantic electric and gas utility.
Battles between solar backers and power companies are a skirmish in a much wider war: the regulated utility model could be in a death spiral.
The latest cold blast is likely to add to the murky economic picture, which is already making it difficult for stocks to advance.
Creating an export-driven natural gas renaissance in the United States requires building infrastructure—and a lot of it.