Utilities Electric Utilities

  • OSLO, Aug 20- Sweden's nuclear energy regulator SSM has asked plant operators to produce plans in the coming months to shield their reactors from harmful hot weather, its director told Reuters on Monday. The last time that SSM, the Swedish radiation safety authority, asked operators to produce plans to modify their reactors was after Japan's Fukushima disaster...

  • *GRAPHIC: India's coal imports by source: https://tmsnrt.rs/2OP1zhX. LAUNCESTON, Australia, Aug 20- India's coal imports appear headed for another strong month in August, raising the question as to why the usually cost-sensitive market hasn't scaled back purchases given a surge in prices to the highest in nearly seven years. But no matter what the exact level of...

  • WASHINGTON, Aug 17- Panama on Friday will sign an agreement with the U.S. Malpass is in Panama for the signing and the inauguration of a major new LNG terminal and 381- megawatt gas-fired power plant in Colon, Panama, run by U.S. power company AES Corp.. In 2017, French utility Engie and AES established a joint venture to market and sell LNG to third parties in Central...

  • HOPKINS, S.C.— Federal regulators say Westinghouse Electric Co. has no plans to clean a plume of uranium under its nuclear fuel factory despite evidence it could reach South Carolina's water supply. Instead, Westinghouse wants a new 40- year extension from the Nuclear Regulatory Commission, even though there's nearly a decade left on its current license.

  • American Electric Power CEO sees electric cars as next opportunity after cancelling Wind Catcher project

    CNBC’s Jim Cramer chats with AEP CEO Nick Akins about electric vehicles and cancelling its Wind Catcher project.

  • OSLO, Aug 16- Norway's power supply, entirely dependent on hydroelectric dams, will be secure this winter, the energy regulator said on Thursday, as long-awaited rains have begun filling reservoirs. A run of exceptionally warm, dry months until early August depleted Norway's water supplies, lifting power prices to record highs, triggering power imports from its...

  • *Launches 200 mln euro share buyback. COPENHAGEN, Aug 15- Shares in wind turbine maker Vestas jumped 7 percent on Wednesday after it reported forecast-beating orders and profit and said a steep decline in prices had stabilized. Vestas said prices per megawatt had stabilized in the second quarter, albeit at a much lower level than last year, echoing recent...

  • COPENHAGEN, Aug 15- Shares in wind turbine maker Vestas jumped 7 percent on Wednesday after the company said a strong order intake helped it beat second-quarter profit expectations and it launched a 200 million euro share buy-back scheme. The results and news of the share buy-back to run over the next four months overshadowed Vestas' warning that tariffs...

  • NEW YORK— Global stocks are sinking Wednesday as an unexpected drop in profits for Chinese tech giant Tencent has investors worrying about economic growth. Retailers are falling despite solid results from Macy's and an overall increase in retail sales in July. TECH TROUBLE: Technology companies fell after Tencent, the most valuable tech company in China, said...

  • Aug 14- Puerto Rico's electric utility said it completed restoration of power to all of its customers on Tuesday, more than ten months after Hurricane Maria left 1.5 million homes and businesses in the dark. In a message on twitter, the Puerto Rico Electric Power Authority said it had restored power to the last customer that was still offline, a family in Ponce, on...

  • *More European companies have cancelled plans in Iran. *U.S. president warned companies dealing with Iran. OSLO, Aug 14- British renewable energy investor Quercus said it will halt the construction of a 500 million euro solar power plant in Iran due to recently imposed U.S. sanctions on Tehran.

  • Markus Krebber speaks about the German utilities firm's latest earnings report and its hopes for the future.

  • Deepa Venkateswaran, senior research analyst for European utilities at Bernstein, speaks about German utilities company RWE.

  • BEIJING— China appealed to Washington on Tuesday not to misuse security concerns to hamper business activity after President Donald Trump signed a law that expands the jurisdiction of an investment review panel. "The United States should treat Chinese investors objectively and fairly and avoid making a national security review an obstacle to Chinese-U.S....

  • BEIJING, Aug 14- China's coal output fell 2 percent in July to its lowest in years as Beijing's crackdown on polluting industries crimped mining in the world's top consumer of the fuel, driving import demand as hot weather boosted thermal power generation. The country produced 281.5 million tonnes of coal in July, down 2 percent from the same month last year and...

  • China July crude steel output hit highest on record on monthly basis and coal production in the month was the lowest since September 2016, according to China's statistics bureau. *China July crude steel output +7.2 pct y/y at 81.24 mln tonnes, the highest on the statistics bureau's records. *China July coal output -2 pct y/y at 281.5 mln tonnes, lowest since Sept...

  • SHANGHAI, Aug 10- China's State Council said it would promote the use of China's nuclear industry's independent technological standards worldwide, aiming to play "a leading role" in the global standardisation process by 2027.. Its two major nuclear project developers, China National Nuclear Corporation and the China General Nuclear Project Corporation, are...

  • *Agrees to buy Lincoln Clean Energy in $580 million deal. COPENHAGEN, Aug 9- Danish energy group Orsted has agreed to buy U.S. onshore wind farm developer Lincoln Clean Energy in a $580 million deal, aiming to gain a foothold in what it sees as a key growth market. Orsted, which has so far mainly developed offshore wind farms in Europe, said the global market for onshore...

  • COPENHAGEN, Aug 9- Denmark's Orsted said it would buy U.S. onshore wind farm developer Lincoln Clean Energy in a $580 million deal to support its development in what it sees as a key growth market. Orsted, which so far mainly has developed offshore wind farms in Europe, said that the global market for onshore wind power is expected to grow significantly in the coming...

  • TOPEKA, Kan. _ Evergy, Inc. on Wednesday reported second-quarter profit of $101.8 million. The Topeka, Kansas- based company said it had net income of 56 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 56 cents per share.