×

Utilities Electric Utilities

  • LONDON, Aug 1- Britain's largest energy supplier Centrica raised its household electricity prices on Tuesday to try to turn around a loss-making part of its business despite shedding another 485,000 customer accounts in under two months. The owner of British Gas is the last of the big six energy suppliers to increase prices this year, with the rising cost of...

  • MELBOURNE, Aug 1- Australia's power utilities and grid operators, under threat from the world's fastest take-up of home solar panels, are rushing to come up with ways to stay relevant and protect long-term revenues. "Australia has highly innovative customers who are interested in new things and most of the time it's quite sunny. One out of every six Australian...

  • MELBOURNE, Aug 1- Australia's power utilities and grid operators, under threat from the world's fastest take-up of home solar panels, are rushing to come up with ways to stay relevant and protect long-term revenues. "Australia has highly innovative customers who are interested in new things and most of the time it's quite sunny. One out of every six Australian...

  • A unit of SCANA Corp and state-owned Santee Cooper said on Monday they would abandon the twin-reactor project known as V.C. Summer. The utilities blamed the bankruptcy of project's contractor, Toshiba Corp's Westinghouse Electric Co, which said in March it could not afford to finish the fixed-price contract for V.C. Summer or a similar project in Georgia known...

  • COLUMBIA, S.C., July 31- South Carolina utilities said on Monday they are abandoning two unfinished reactors that were hailed as the start of a U.S. nuclear power renaissance before they were dogged by billions of dollars in cost overruns. The twin-reactor project known as V.C. Summer is majority owned by SCANA Corp, with state-owned utility Santee Cooper owning...

  • COLUMBIA, S.C., July 31- Two South Carolina utilities said on Monday they are abandoning two unfinished reactors that were hailed as the start of a U.S. nuclear power renaissance before they were dogged by billions of dollars in cost overruns. The twin-reactor project known as V.C. Summer is majority owned by SCANA Corp, with state-owned utility Santee Cooper...

  • COLUMBIA, S.C., July 31- Two South Carolina utilities said on Monday they are abandoning two unfinished reactors that were hailed as the start of a U.S. nuclear power renaissance before they were dogged by billions of dollars in cost overruns. The twin-reactor project known as V.C. Summer is majority owned by SCANA Corp, with state-owned utility Santee Cooper...

  • WASHINGTON, July 31- A Pennsylvania- based coal company said on Monday it signed its first contract with Ukraine to sell coal that is burned to produce electricity in a deal sped along by the U.S. and Ukrainian governments. Ukraine has sought alternative coal suppliers ahead of the upcoming winter as it struggles to get the fuel from pro- Russia separatist-held...

  • *UK yet to rule on mini power plant competition. LONDON, July 31- Britain will squander the chance to become a leader in next-generation nuclear power unless it presses on with a competition to build mini reactors, said Rolls-Royce, the designer of the nuclear engines that drive the country's submarine fleet. Having pioneered commercial nuclear power...

  • PARIS, July 28- France has approved tenders to develop large-scale solar power projects with a total installed capacity of 500 megawatts, Ecology Minister Nicolas Hulot said on Friday. The average price proposed by the winners in the tender process was 55.5 euros per megawatt-hour for installations with a high capacity, and 63.9 euros MWh for the project as a...

  • The company now expects 2017 sales of between $3 billion and $3.1 billion, $150 million higher than a prior view of $2.85 billion to $2.95 billion. Earnings per share, before one-time items, are estimated to be between $2 and $2.50, sharply higher than the 25 cents to 75 cents First Solar had forecast previously. The company is in the process of selling two...

  • PARIS, July 27- French power consumption rose by 1.76 percent compared with the same month a year ago as scorching temperatures, at 2.7 degrees Celsius above seasonal norm, pushed up demand for electricity used in cooling systems in most regions of the country. On the electricity generation side, French hydro power production fell 28.6 percent compared with...

  • July 26- Power development company Invenergy LLC and General Electric Co on Wednesday announced plans to build the largest wind farm in the United States in Oklahoma, part of a $4.5 billion project to provide electricity to 1.1 million utility customers in the region. American Electric Power Co Inc is asking utility regulators in Louisiana, Arkansas, Texas and...

  • Idaho sunset on a power county wind farm

    Coal states will benefit from the end of Obama-era regulations. But even among the reddest states, green energy production is up.

  • PARIS, July 25- New onshore wind capacity dipped in France in the first six months of 2017 compared with the same period a year ago as operators slowed the development of projects because of policy and economic uncertainties, an industry lobby said on Tuesday. Germany's Enercon led new capacity installations in France with 31 percent, while Denmark's Vestas...

  • LONDON, July 25- Asset manager Blackrock and solar energy firm Lightsource have agreed to jointly create a 1 billion pound portfolio of solar power assets in Britain over the next three years, the two companies said on Tuesday. "We believe this market continues to present attractive opportunities for institutional investors," Rory O'Connor, Managing Director...

  • Panda Green Energy Group has already connected one such 50- megawatt plant to the grid in the northern province of Shanxi, the first step in a public relations stunt that emphasizes the cuddly side of the world's No.2 economy. The Hong Kong- based firm is currently in talks with Canada, Australia, Germany and Italy to launch more panda-shaped power stations.

  • *Gains driven by China demand, weather. *China to continue capacity cuts but not as rigorously. Recent gains are largely due to high demand in China, where power consumption has jumped more than 6 percent since the beginning of the year.

  • State-run Korea Electric Power Corp is building the first of four nuclear plants in the United Arab Emirates in an $18.6 billion deal, and is scouting for more business in Britain and other countries. But that comes as South Korea, Asia' fourth-largest economy, has been looking to steer its domestic energy policy away from its current heavy dependence on coal and...

  • A Reuters analysis of India's power output data shows over 50 coal- and gas-fired power plants in India are largely mothballed, or operating at a bare minimum. After steel, power firms make up the second-biggest portion of India's $150 billion mountain of bad debts. Last month, the central bank ordered commercial banks- the main financiers of infrastructure...