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.» Read More
March 7- More than 420,000 homes and businesses remained without power in North Carolina and South Carolina on Friday evening due to a winter ice storm with high winds that brought down trees and power lines.
*First speech ever by an EPA head at CERAWeek. McCarthy's speech in Houston to IHS CERAWeek, the largest meeting of energy executives in the world, was the first by an EPA administrator since the conference began 33 years ago.
HOUSTON, March 6- Carbon regulations can be crafted to help offset climate change without "shutting down business in its tracks," U.S. "We don't have to choose between a healthy environment and a healthy economy," McCarthy, who has run the EPA for nearly a year, said about new rules she said would be proposed by June.
WASHINGTON, March 5- Alpha Natural Resources Inc., one of the largest U.S. coal producers, has reached a consent decree to settle a complaint about pollution discharged by coal mines into Appalachian rivers and streams, federal authorities said on Wednesday.
*Expects 2014 adjusted EPS of $4.45- $4.60 vs est $4.32. *4th- quarter EPS 97 cents vs 62 cents last year. Regulators in North Carolina, South Carolina and Florida approved the company's request to raise utility rates from September and October.
*Sees 2014 adjusted EPS of $4.45- $4.60 vs est $4.32. *4th- quarter EPS 97 cents vs 62 cents last year. The fourth quarter was also helped by cost savings from Duke's $18- billion buyout of rival Progress Energy in July 2012, which created the largest U.S. power company with a market value of about $50 billion.
Feb 17- U.S. electric power company Duke Energy Corp said on Monday that it was looking to sell off its Midwest commercial generation business, including stakes in 13 power plants, saying they offered "volatile returns" in a competitive market.
Feb 11- North Carolina has asked a state judge to put a controversial settlement deal with U.S. power company Duke Energy over pollution on hold after a massive coal ash spill into a local river raised fresh concerns about water safety.
NEW YORK, Jan 30- The arctic cold sweeping across the United States has caused rare winter power interruptions for U.S. spinning mills in North and South Carolina, including Frontier Spinning Mills, the second-largest yarn producer in the United States.
LONDON, Jan 20- French utility GDF Suez SA had takeover approaches for Canada- based Talisman Energy Inc rebuffed late last year as it seeks acquisitions worth as much as $10 to $20 billion outside Europe, banking and industrial sources said.
"I'm optimistic," said Diane Swonk, chief economist for Mesirow Financial in Chicago, who predicts three-percent GDP growth and the creation of up to three million jobs this year. "I haven't felt bullish in a long time," Swonk said at the annual economic outlook luncheon of the Executive Club of Chicago on Jan. 9.
Rooftop solar and utilities have been on a collision course for years, and now, the political fight is escalating, and getting dirty.
Breakneck consolidation among utilities is unlikely to cause them to cut back on investments in infrastructure, analysts say.
Take a look at some of Friday's midday movers:
Nov 6- Duke Energy Corp, the largest U.S. power company, posted a lower-than-expected quarterly profit on Wednesday, primarily due to wet, cool weather in North and South Carolina that reduced demand for air conditioning. Third-quarter net income was $1 billion, or $1.42 per share, compared with $594 million, or 85 cents per share, a year earlier.
Nov 6- Duke Energy Corp, the largest power provider in the United States, said on Wednesday its quarterly profit rose, a year after the buyout of rival Progress Energy. The company posted third-quarter net income of $1 billion, or $1.42 per share, compared with $594 million, or 85 cents per share, in the year-ago period.
We had a lot of fun on Halloween this year, and it's worth another look! "Talking Squawk" also looks at Apple's new iPad Air and Go Daddy driver Danica Patrick's new sponsor.
One Time Warner Cable investor, Chris Marangi, portfolio manager at Gabelli& Co, said he liked the $600 million deal even if it "does not move the needle." Time Warner Cable's chief operating officer of business services, Phil Meeks, said in a statement that the deal will help the company expand its fiber business in the Carolinas.
Goldman Sachs CEO Lloyd Blankfein came out in defense of capitalism as well as bonuses after it received government aid during the financial crisis.
Already cranky about the Fed, stock traders will be eyeing the Treasury's 10-year note auction Wednesday to see whether it helps drive interest rates higher.