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Utilities Electric Utilities

  • *Building floating LNG regasification unit in Bangladesh. SINGAPORE, Feb 23- Electricity producer Summit Power International plans to list on the Singapore Stock Exchange by April, what is likely the first company from Bangladesh to offer shares in the city-state, as it seeks to raise funds to invest in assets across Asia. Singapore seems to be becoming a global...

  • ULAANBAATAR, Feb 23- Mongolia's giant Oyu Tolgoi copper-gold mine in the Gobi desert will weigh alternative options in order to guarantee electricity supply over the coming years, it said on Friday, after casting doubt on state plans to build a new power plant in the region. Mongolia's energy minister said this week that a power plant due to be constructed at the...

  • PARIS, Feb 22- French state-controlled power group EDF said some weldings on its new Flamanville nuclear reactor did not meet required specifications but this did not affect safety or the schedule to load it with fuel at the end of 2018.. France relies on nuclear reactors run by EDF for three-quarters of its electricity. A source familiar with the matter told...

  • NEW YORK, Feb 22- Puerto Rico should "start from scratch" rebuilding its already outdated power infrastructure after deadly Hurricane Maria last year devastated it and left citizens without power, the U.S. central banker overseeing the island territory said on Thursday. Dudley said it will likely take "many more months" to restore electricity and critical...

  • An employee of General Electric works on a gas turbine at the GE plant in Belfort, France.

    GE's power unit took a bullish stance on fossil fuel power. But its vision turned out to be a mirage.

  • PARIS, Feb 22- French state-controlled power group EDF said some weldings on its new Flamanville nuclear reactor did not meet required specifications but this did not affect safety or the schedule to load it with fuel at the end of 2018.. France relies on nuclear reactors run by EDF for three-quarters of its electricity. A source familiar with the matter told...

  • BAMBOLIM, India, Feb 22- Caught between logistical bottlenecks and surging demand from power plants, India will likely increase coal imports in 2018, industry executives said, in what would be a setback to the government's plans to cut the country's dependence on foreign supplies. The projected higher coal demand, which would reverse two years of declines, will...

  • TOPEKA, Kan. _ Westar Energy Inc. on Wednesday reported fourth-quarter profit of $33.9 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • KANSAS CITY, Mo. _ Great Plains Energy Inc. on Wednesday reported a fourth-quarter loss of $100.1 million, after reporting a profit in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 13 cents per share. Great Plains Energy shares have fallen nearly 9 percent since the beginning...

  • NEW YORK, Feb 22- Last March, executives at General Electric Co's power-plant business gave Wall Street a surprisingly bullish forecast for the year. Despite flat demand for new natural gas power plants, they said, GE Power's revenue and profit would rise. Rather than rising, GE Power's profit fell 45 percent last year, forcing GE to slash its overall profit outlook...

  • SAN JUAN, Puerto Rico— Crews who are helping restore power in Puerto Rico as part of a $750 million federal contract will leave the U.S. territory soon as nearly a quarter of a million customers remain in the dark more than five months after Hurricane Maria, officials said Wednesday. Brian Mershon, a spokesman for Texas- based Fluor Corporation, told The Associated...

  • Thomas Fanning, Southern Company chairman, president and CEO.

    Thomas Fanning, Southern Company CEO, discusses the company’s most recent earnings report and how tax reform factors into the electric utility industry.

  • GLENVILLE, Minn.— Wind turbines have become as commonplace in parts of the rural Midwest as tree-sheltered farmhouses, gray-metal grain bins and deeply furrowed fields. But when a developer sought to put up dozens more of the 400- foot towers in southern Minnesota, hundreds of people in the heart of wind country didn't celebrate. "I've had more neighbors in my...

  • ULAANBAATAR, Feb 20- Mongolia can build a power plant at its Tavan Tolgoi coal mine by 2021 to supply the Oyu Tolgoi copper project, energy officials said on Tuesday, as the government seeks to hold Rio Tinto to an agreement to use Mongolian power. Oyu Tolgoi had "the responsibility to choose total energy demand for Oyu Tolgoi from Mongolia within four years," he said.

  • ABIDJAN, Feb 20- Standing by a towering equatorial forest, Jean-Noel Kouame's new breeze-block house may be beyond the reach of Ivory Coast's power grid, but it's perfectly located for solar power entrepreneurs. Buoyed by success in East Africa, off-grid solar power startups are pouring into West Africa, offering pay-as-you-go kits in a race to claim tens of...

  • CHARLOTTE, N.C. _ Duke Energy Corp. on Tuesday reported fourth-quarter net income of $703 million, after reporting a loss in the same period a year earlier. The Charlotte, North Carolina- based company said it had profit of $1 per share. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.

  • LAUNCESTON, Australia, Feb 20- If China does seek a way to retaliate against U.S. proposals to impose import curbs on steel and aluminum, then targeting President Donald Trump's favored coal would be tempting. But the problem is that virtually all of the good news for U.S. coal producers is on the export side- and this is mainly a China phenomenon.

  • *Japan's energy policies outdated, task force says. TOKYO, Feb 20- An energy task force advising Japan's foreign minister has proposed boosting renewable energy and shifting away from coal-fired and nuclear power at home, arguing the country's energy policies are outdated and undermine its global competitiveness. The advice comes in a report commissioned by...

  • *Australia- listed company plans to list Philippine assets. MANILA, Feb 20- Australia- listed Energy World Corp expects to start up a gas-fired power plant in the Philippines by end-2018, its chief executive said, fed by the country's first liquefied natural gas imports. "By the end of this year, we should have 400 megawatts in operation," Energy World Corp Managing...

  • *Kiev short of coal due to rebellion, conflict with Russia. On the Ukrainian side the deal helped to win favour with the White House, whose support Kiev needs in its conflict with Russia, as well as opening up a new source of coal at a time when its traditional supplies are disrupted. Trump's campaign call to improve relations with the Kremlin alarmed the pro-Western...