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Utilities Electric Utilities

  • PHOENIX— About six years ago, an elected Arizona utility regulator who is now accused of accepting bribes had $31,000 funneled to him from a water company owner and tried to get the owner to buy him a $350,000 piece of land, authorities said. In exchange, then-Corporation Commissioner Gary Pierce voted for a rate increase that benefited the water company and...

  • DUBAI, May 26- The start-up of the Arab world's first nuclear reactor- in the United Arab Emirates- has been delayed and should start operations between the end of 2019 and early 2020, the plant's operator said on Saturday. Nawah Energy Company, the operator of the Barakah Nuclear Energy Plant in the Al-Dhafra Region of Abu Dhabi, said it "has completed a...

  • The CEO of Italy's largest utility firm says he's been left stunned by the tactics deployed by Spain's Iberdrola, amid a bitter feud over Brazil's largest power distributor.

  • Toyota Motors Corp., down $2.39 to $132.44. Williams-Sonoma Inc., up $2.78 to $51.96. Best Buy Co., down $5.05 to $70.90.

  • PJM said on Wednesday the auction produced a price of $140 per megawatt-day for much of the PJM footprint, compared with $76.53 last year. Exelon Corp, the biggest U.S. operator of nuclear power plants, said it still planned to shut its 805- megawatt Three Mile Island reactor in October 2019 and the 615- MW Oyster Creek plant in New Jersey this October.

  • MILAN/ MADRID, May 24- A bitter feud over a Brazilian power grid operator has taken a global rivalry to new levels as Europe's top two utilities ready $1.5 billion- plus bids for Eletropaulo. Brazil's biggest power distributor became one of the world's most prized power assets last month when Italy's Enel and Spain's Iberdrola locked horns in a country both see as...

  • Exelon said its 803- megawatt Three Mile Island, 1,797- MW Dresden and all but a small portion of its 2,300- MW Byron nuclear plant did not clear the auction. This marks the fourth consecutive year that Three Mile Island, located in Pennsylvania, failed to clear in the auction. Exelon has said it plans to shut Three Mile Island which has not been profitable for six...

  • COPENHAGEN, May 24- The United States is leading an initiative with several other governments to promote nuclear power and encourage investment in new nuclear technologies. Deputy Secretary of Energy Dan Brouillette with international partners, aims to "highlight the value of nuclear energy as a clean reliable energy source". The partners are Japan, Canada,...

  • May 23- Massachusetts on Wednesday selected a partnership between Avangrid Inc and Copenhagen Infrastructure Partners to develop what will be the largest U.S. offshore wind farm off the coast of Martha's Vineyard. The announcement came at the same time Massachusetts neighbor Rhode Island said it had awarded a 400 MW offshore wind procurement to Deepwater...

  • May 23- New Jersey Governor Phil Murphy signed several legislative initiatives on Wednesday to advance the state's clean energy goals, including a controversial bill that would subsidize the continued operation of nuclear power plants. Plants seeking to participate in the program would be required, among other things, to demonstrate that they make a...

  • May 23- New Jersey Governor Phil Murphy signed several bills on Wednesday to advance the state's clean energy goals, including a controversial bill that would subsidize the continued operation of nuclear power plants, which generate electricity without producing carbon emissions. Plants seeking to participate in the program would be required, among other...

  • May 23- New Jersey Governor Phil Murphy signed several bills on Wednesday to advance the state's clean energy goals, including a controversial bill that would subsidize the continued operation of nuclear power plants, which generate electricity without producing carbon emissions.

  • NEW JERSEY GOVERNOR SIGNS BILL TO SUBSIDIZE NUCLEAR POWER PLANTS TO FURTHER GREENHOUSE GAS REDUCTION GOALS.

  • SOUTH BRUNSWICK, N.J.— Legislation that would authorize $300 million annually to rescue New Jersey's nuclear energy industry— a request for financial help made by the state's largest utility company— was signed into law Wednesday. Phil Murphy alongside lawmakers at a solar array in central New Jersey also signed a measure aimed at strengthening the state's...

  • GE CEO PLANNING FOR NO RECOVERY IN HEAVY GAS POWER PLANT MARKET BEFORE END 2020; SEES NO PROFIT GROWTH IN 2018- PRESENTATION.

  • PAHOA, Hawaii— Production wells at a geothermal plant under threat by lava flowing from Hawaii's Kilauea volcano have been plugged to prevent toxic gases from seeping out. Ten wells were "quenched," which cools them with enough cold water to counter the pressure of volcanic steam coming from below, said Hawaii Gov. A spike in gas levels could prompt a mass...

  • BOSTON— Massachusetts and Rhode Island have announced offshore wind projects aimed at delivering a combined 1,200 megawatts of energy— or enough to power 600,000 homes. Massachusetts officials said that represents the largest single procurement of offshore wind by any state in the nation. Gina Raimondo said that the state had selected the same Providence,...

  • *Philippines has the only nuclear plant in Southeast Asia. MORONG, Philippines/ MANILA, May 23- Filipino Wilfredo Torres was hired as a technician for Southeast Asia's only nuclear power plant in the 1980 s, but has spent the past decade giving guided tours at the never-used facility. The Department of Energy has asked Duterte for an executive order declaring the...

  • *Philippines has the only nuclear plant in Southeast Asia. MORONG, Philippines/ MANILA, May 23- Filipino Wilfredo Torres was hired as a technician for Southeast Asia's only nuclear power plant in the 1980 s, but has spent the past decade giving guided tours at the never-used facility. The Department of Energy has asked Duterte for an executive order declaring the...

  • *Philippines has the only nuclear plant in Southeast Asia. MORONG, Philippines/ MANILA, May 23- Filipino Wilfredo Torres was hired as a technician for Southeast Asia's only nuclear power plant in the 1980 s, but has spent the past decade giving guided tours at the never-used facility. The Department of Energy has asked Duterte for an executive order declaring the...