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Utilities Electric Utilities

  • 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...

  • JEFFERSON CITY, Mo.— Missouri utility regulators on Wednesday rejected a proposed high-voltage power line to carry wind power across the Midwest to eastern states, delivering a significant setback to developers of one of the nation's longest transmission lines. The 780- mile-long line would run from wind farms in western Kansas through Missouri and...

  • BRASILIA, Aug 16- Prosecutors investigating Brazil's biggest-ever corruption scandal will probe last year's sale of the Argentine subsidiary of Petrobras, Brazil's state oil company, a lawyer representing its minority shareholders on Wednesday. Lawyer Felipe Caldeira, representing the Petrobras shareholders, told Reuters he spoke on Tuesday to...

  • JAKARTA, Aug 16- Flash floods have left one worker missing and caused extensive damage to a power plant at U.S.-owned miner Freeport Indonesia's operations in the eastern-most province of Papua, company officials said on Wednesday. "One person remains unaccounted for after flash floods that occurred late Tuesday destroyed roads, bridges, water lines and most...

  • MELBOURNE, Aug 16- London zinc was edging towards its highest in a decade on Wednesday, boosted as a months-long rally in steel prices also pushes up markets for steelmaking raw materials. *LME aluminum hit its highest since November, 2014 at $2,065 a tonne as Chinese capacity cuts extend to the sector as Beijing tries to clean up its skies ahead of the winter...

  • LUSAKA, Aug 15- Zambia's state power company reduced electricity supply to two First Quantum Minerals copper mines on Monday, after a dispute over new, higher prices, Energy Minister David Mabumba said on Tuesday. First Quantum had failed to pay the new flat electricity tariff of 9 cents/ Kwh agreed by power utility Zesco and mining companies, Mabumba told a news...

  • WASHINGTON— The Environmental Protection Agency says it plans to scrap an Obama-era measure limiting water pollution from coal-fired power plants. "After carefully considering your petitions, I have decided that it is appropriate and in the public interest to conduct a rulemaking to potentially revise," Pruitt wrote in the letter addressed to the...

  • Ensure security of supply, ensure reliable capacity available

    RWE CFO Markus Krebber discusses Germany's energy supply and his company's stock price, saying that "the market has understood the new RWE."

  • Coal price only a temporary effect

    RWE CFO Markus Krebber weighs in on second quarter earnings and paying dividends to shareholders.

  • WASHINGTON— Proponents of nuclear power are pushing to revive a failed project to build two reactors in South Carolina, arguing that the demise of the $14 billion venture could signal doom for an industry that supplies one-fifth of the nation's electricity. The July 31 suspension of the partly completed V.C. Summer project near Columbia, South Carolina, leaves...

  • These smaller projects, with just a few turbines, rank Ohio among the top 10 when it comes to the amount of megawatts installed since 2003, according to a new report from the U.S. Department of Energy. Since then, Ohio has added 42.1 megawatts of wind energy from small-scale projects, good for sixth in the nation, according to the Energy Department report.

  • WASHINGTON— A South Carolina power company was negligent in charging its customers more than $1 billion to build nuclear reactors that have now been abandoned, according to a lawsuit filed late Friday afternoon. The lawsuit obtained by The Associated Press accuses South Carolina Electric and Gas Co. of mismanaging the finances of the project at the V.C....

  • Santee Cooper and South Carolina Electric& Gas decided July 31 to halt construction on two new reactors they'd already jointly spent $10 billion to build, much of that paid by customers. "Conditions have changed materially since the rate process began," said Santee Cooper board Chairman Leighton Lord. "Santee Cooper will still need to cover costs related to our...

  • Aug 10- The formerly staid, predictable world of utilities investing faces a revolution as the price of solar and wind energy plunges, creating new winners and losers. Average whole life project costs for large wind and solar generation in the United States are now less than for coal or nuclear and about the same as natural gas, according to a study of tax...

  • WASHINGTON— President Donald Trump on Thursday named a former aide to Senate Majority Leader Mitch McConnell as interim leader of the commission that oversees the U.S. power grid. The appointment came as Trump resumed his taunts of McConnell, the Senate's top Republican, expressing disbelief that McConnell couldn't persuade a GOP majority to pass a health...

  • FRANKFURT, Aug 2- Burning coal for power looks set to remain the backbone of Germany's energy supply for decades yet, an apparent contrast to Chancellor Angela Merkel's ambitions for Europe's biggest economy to be a role model in tackling climate change. Although well over 20 billion euros are spent each year to boost Germany's green energy sector, coal still...

  • SANTIAGO, Aug 9- Ireland's Mainstream Renewable Power is confident it will be able to maintain a steady pipeline of power projects in Chile, an executive told Reuters on Wednesday, even as some firms have soured on the country's renewable sector in recent years. The financial close on the farms, known as Sarco and Aurora, marks one of the biggest wind power deals in...

  • KANSAS CITY, Mo. _ Great Plains Energy Inc. on Wednesday reported a second-quarter loss of $7 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Great Plains Energy shares have increased 15 percent since the beginning of the year.