Utilities Electric Utilities

  • Jan 18- Latin American stocks rallied sharply on Friday, with Brazil shares hitting yet another record high and Argentine stocks rising more than 2 percent, as equities around the world were cheered by the possibility of the China-U.S. trade conflict ending. "Any evidence that the U.S. and China are close to a trade agreement will result in a sustained higher...

  • SAO PAULO, Jan 18- Brazilian state-owned utility Copel will begin looking this year to divest assets in telecommunications and gas so it can focus on generation, transmission and distribution, its chief executive officer said in an interview on Friday. The power company, owned by the southern state of Paraná, has a telecommunications subsidiary, Copel Telecom,...

  • PARIS, Jan 17- Hitachi's decision to freeze its $28 billion nuclear power project in Britain strengthens the hand of France's EDF and its Chinese partner in talks with the government on how to finance new reactors. The two projects would have covered about 13 percent of Britain's power needs. EDF and its partner China General Nuclear Power Corporation want to...

  • Jan 17- Fitch Ratings said on Thursday power company PG&E Corp's planned bankruptcy will not at this point hurt the credit quality of California. Inverse condemnation is an old California rule that exposes the state's utilities to liabilities from wildfires regardless of their negligence, as long as their equipment is involved. BlueMountain said nearly two...

  • *UK govt says will pursue alternative funding models. LONDON/ TOKYO, Jan 17- Japan's Hitachi Ltd put a $28 billion nuclear power project in Britain on hold on Thursday, dealing a blow to the country's plans for the replacement of ageing plants. Hitachi's UK unit Horizon Nuclear Power failed to find private investors for its plan to build a plant at Wylfa in Anglesey,...

  • *Britain faces power supply crunch in 2020 s. *UK govt says will pursue alternative funding models. TOKYO/ LONDON, Jan 17- Japan's Hitachi Ltd decided on Thursday to freeze a 3 trillion yen nuclear power project in Wales as Britain scrabbles for a way to exit the European Union, dealing a blow to UK plans for the replacement of aging plants.

  • TOKYO, Jan 17- Japan's Hitachi Ltd said on Thursday it has decided to freeze a 3 trillion yen British nuclear power project and will consequently book a writedown of 300 billion yen on its British nuclear unit. The suspension comes as Hitachi's Horizon Nuclear Power failed to find private investors for its plans to build a plant in Anglesey, Wales, which promised...

  • NEW YORK, Jan 15- PG&E Corp bonds and shares plummeted after the California power company failed to make a $21.6 million interest payment due Tuesday on its 2040 senior notes, as it planned to seek Chapter 11 bankruptcy protection. In a form filed with the U.S. Securities and Exchange Commission on Monday, PG&E announced its intention to not make the payment.

  • NEW YORK, Jan 15- The price of bonds and shares in PG&E Corp plummeted after the California power company failed to make a $21.6 million interest payment due Tuesday on its 2040 senior notes. In a form filed with the SEC on Monday, PG&E announced its intention to not make the payment. In response to a request for comment, the company cited the SEC filing, which also noted...

  • PG&E crews remove power lines damaged by fire off Bille Road in Paradise, Calif., on Saturday, Nov. 10, 2018.

    PG&E's stock added to its abysmal three-month slide Tuesday as the former hedge fund favorite prepares for bankruptcy.

  • Jan 15- Shares in California power company PG&E fell sharply for a second day on Tuesday as investors took fright at the prospect of bankruptcy proceedings to protect from $30 billion in potential liabilities related to wildfires in 2017 and 2018.. California politicians are in a quandary over whether to offer a bailout or risk allowing the state's largest...

  • Jan 14- PG&E Corp, owner of the biggest U.S. power utility by customers, said on Monday it is preparing to file for Chapter 11 bankruptcy protection as soon as this month amid pressure from potentially crushing liabilities linked to California's catastrophic wildfires in 2017 and 2018.. PG&E, which provides electricity and natural gas to 16 million customers in...

  • PG&E, which provides electricity and natural gas to 16 million customers in northern and central California, faces widespread litigation, government investigations and liabilities that could potentially exceed $30 billion due to the fires, the company said. The most recent fire last November killed at least 86 people in the deadliest and most destructive...

  • PG&E shares plummet as firm plans to file for bankruptcy

    CNBC's Aditi Roy reports on PG&E's decision to file for bankruptcy after its CEO steps down.

  • PG&E, the biggest power company in the United States with customers, said it planned to file for bankruptcy protection around Jan. 29, and was giving a 15- day notice to employees to comply with California law. PG&E is reeling from the November Camp fire that swept through the California mountain community of Paradise and killed at least 86 people in the deadliest...

  • A PG&E worker attempts to clear a fallen utility pole from Pentz Road in Paradise, Calif., after it was felled by the Camp Fire, Thursday, November 8, 2018.

    PG&E craters after it said it will file for bankruptcy protection amid financial anguish stemming from its role in California's devastating wildfires.

  • PG&E, the biggest power company in the United States with customers, said it planned to file for bankruptcy protection around Jan. 29, and was giving employees a 15- day notice to employees to comply with California law. PG&E said on Sunday its chief executive officer was leaving and being replaced by General Counsel John Simon on an interim basis.

  • BEIJING, Jan 14- China's coal imports rose to 281.5 million tonnes in 2018, the highest annual figure in four years, customs data showed on Monday, despite a government push to cap shipments at last year's level. China has also switched another 3.29 million households to gas heating this winter, according to Reuters calculations, more than last year, as Beijing...

  • Coal has long been a major resource for North Korea, and Kim's call for self sufficiency in the face of international pressure is a recurring theme. A "highly noticeable" increase in electricity in 2018 compared to the year before has increased power availability for many homes and boosted the operations of factories and trains, said Kang Mi-jin, a defector who...

  • Jan 4- PG&E Corp, the electricity provider in the northern California region ravaged by a deadly wildfire, said it was searching for new directors at its holding company and its utility subsidiary Pacific Gas and Electric Co.. The fire broke out on the morning of Nov. 8 near the Northern California mountain community of Paradise, sweeping through the town and...