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
American Electric Power Co. rose$. 20 or. 4 percent, to $50.11. Duke Energy Corp. rose$. 13 or. 2 percent, to $70.70. Exelon rose$. 13 or. 4 percent, to $30.64.
NEW YORK, March 14- Power producers' coal ash disposal ponds like the one that leaked toxic sludge into a North Carolina river in February may soon become a thing of the past. At least 30,000 tons of arsenic-laced coal ash were released into North Carolina's Dan River in early February when a pipe broke under Duke Energy Corp's 27- acre ash pond.
American Electric Power Co. rose$. 38 or. 8 percent, to $50.29. Consolidated Edison Inc. Holding Co. rose $1.09 or 2.0 percent, to $54.78. Dominion Resources Inc. rose$. 49 or. 7 percent, to $69.99.
American Electric Power Co. rose$. 31 or. 6 percent, to $50.22. Consolidated Edison Inc. Holding Co. rose$. 51 or. 9 percent, to $54.20. Dominion Resources Inc. rose$. 18 or. 3 percent, to $69.68.
RALEIGH, N.C.-- Duke Energy says it plans to move three leaky coal ash pits away from North Carolina waterways, including one that coated 70 miles of the Dan River with toxic sludge. Duke says it will take at least two years to clean up the Dan River site, and sites near Asheville and Charlotte.
American Electric Power Co. rose$. 41 or. 8 percent, to $49.91. Consolidated Edison Inc. Holding Co. fell$. 93 or 1.7 percent, to $53.69. Dominion Resources Inc. rose$. 52 or. 8 percent, to $69.50.
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: