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Utilities Electric Utilities

  • *Signed 700 MW wind power deal in Vietnam. As part of plans to more than double power generation capacity by 2021 from 845 megawatts currently, Jormsup Lochaya told Reuters in an interview his company signed a deal to develop new wind power projects in Vietnam last week with combined capacity of 700 MW. Thailand is leading a nascent boom in Southeast Asian...

  • *Victoria seeks 40 pct renewable energy by 2025. Victoria state Premier Daniel Andrews will introduce legislation to the state parliament this week to cement renewable energy targets, including 25 percent by 2020.. Victoria, a Labor-controlled state, will hold renewable energy auctions in which companies will bid to supply the market, the first of which is for...

  • *Signed 700 MW wind power deal in Vietnam. As part of plans to more than double power generation capacity by 2021 from 845 megawatts currently, Jormsup Lochaya told Reuters in an interview his company signed a deal to develop new wind power projects in Vietnam last week with combined capacity of 700 MW. Thailand is leading a nascent boom in Southeast Asian...

  • SYDNEY, Aug 23- Australia's second most populous state has proposed passing laws to lock in a renewable power target of 40 percent by 2025, looking to spur investment in electricity sources such as solar and wind even as the national government wrangles over energy policy beyond 2020.. Victoria state Premier Daniel Andrews will introduce legislation to the...

  • Santee Cooper board Chairman Leighton Lord told senators Tuesday that the scuttled expansion of the V.C. Summer Nuclear Station accounts for half the utility's total debt of $8 billion. Utility executives testified before a Senate panel investigating their decision to abandon the joint project with South Carolina Electric& Gas. The chief executive of a...

  • Warren Buffett

    The steady, reliable income from electricity transmission businesses is attractive to investors like Warren Buffett and Paul Singer.

  • RIO DE JANEIRO, Aug 22- The privatization of Brazilian electric utility Eletrobras could raise up to 20 billion reais, Mining and Energy Minister Fernando Coelho Filho told Reuters, adding that the process may involve the sale of new shares. The interview followed an Energy and Mines Ministry statement, which said the model and terms of the Eletrobras...

  • The scuttled expansion of the V.C. Summer Nuclear Station accounts for half of Santee Cooper's total debt of $8 billion. He was among utility executives testifying before a Senate panel investigating their July 31 decision to abandon the joint project with South Carolina Electric& Gas. Henry McMaster has said he's talking with other utilities about the...

  • But the department ultimately ruled it was unnecessary, and the White House agreed, a spokeswoman said. President Donald Trump committed to the measure in private conversations with executives from Murray Energy Corp. and FirstEnergy Solutions Corp. after public events in July and early August, according to letters to the White House from Murray Energy and...

  • Sempra Energy, up $1.85 to $118.40. Herbalife Ltd., up $6.09 to $68.04. Fiat Chrysler Automobiles NV, up 87 cents to $13.44.

  • *Graphic of China seaborne coal imports vs. Virtually everybody in the coal industry can agree that the strong performance in seaborne thermal coal this year is being driven by market dynamics in top importer China. The argument for a structural change in China is quite compelling.

  • LAME DEER, Montana, Aug 21- U.S. Interior Secretary Ryan Zinke and Vice President Mike Pence took a horseback tour in May of a Montana coal mine belonging to the Crow Nation. Their differences reflect a broader divide on drilling and mining among Americas 567 federally recognized tribes.

  • KHOBAR, Saudi Arabia, Aug 21- Saudi Arabia has issued a regulatory framework for electricity consumers to operate their own, small-scale solar power generating systems and export unused power to the national grid, the government said on Monday. The rules will come into force next July 1 and cover small photovoltaic facilities with generating capacity of no...

  • LAME DEER, Montana, Aug 21- U.S. Interior Secretary Ryan Zinke and Vice President Mike Pence took a horseback tour in May of a Montana coal mine belonging to the Crow Nation. Their differences reflect a broader divide on drilling and mining among Americas 567 federally recognized tribes.

  • *Graphic of China seaborne coal imports vs. Virtually everybody in the coal industry can agree that the strong performance in seaborne thermal coal this year is being driven by market dynamics in top importer China. The argument for a structural change in China is quite compelling.

  • Foot Locker Inc., down $13.32 to $34.48. Hibbett Sports Inc., down 60 cents to $10.90. Deere& Co., down $6.67 to $117.31.

  • SACRAMENTO, Calif.— When the moon passes in front of the sun during Monday's eclipse California will lose enough solar energy to power more than 1.5 million homes, a figure that underscores the state's growing reliance on energy from the sun. California has rapidly deployed renewable energy and now produces 40 percent of the nation's solar power.

  • BRASILIA, Aug 16- Brazilian prosecutors plan to investigate last year's controversial sale of the Argentine subsidiary of Petrobras, Brazil's state-controlled oil company, a lawyer representing some Petrobras shareholders said on Wednesday. Petrobras, formally known as Petroleo Brasileiro SA, sold its 67.2 percent stake in Petrobras Argentina SA for...

  • BRASILIA, Aug 16- Brazilian prosecutors intend to open a formal investigation into last year's controversial sale of the Argentine subsidiary of Petrobras, Brazil's state-controlled oil company, a lawyer representing some Petrobras shareholders said on Wednesday. Petrobras, formally known as Petroleo Brasileiro SA, sold its 67.2 percent stake in...

  • BRASILIA, Aug 16- Brazilian prosecutors intend to open a formal investigation into last year's controversial sale of the Argentine subsidiary of Petrobras, Brazil's state-controlled oil company, a lawyer representing some Petrobras shareholders said on Wednesday. The sale has already drawn scrutiny from Brazil's Congress and a federal audit court and...