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Utilities Electric Utilities

  • NEW YORK, Sept 21- Utility crews from the U.S. mainland were scrambling to Puerto Rico on Thursday after Hurricane Maria left nearly the entire U.S. territory, and many of its Caribbean neighbors, without power, according to officials. Puerto Rico Governor Ricardo Rossello told CNN PREPA was so severely hit that it could be months before electricity is restored to...

  • **Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros. **Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the...

  • **Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros. **Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the...

  • MILAN, Sept 20- Deal-making and political turmoil in Spain livened up a flat session in Europe' stock markets on Wednesday as investors awaited pointers from the Federal Reserve on the U.S. interest rate outlook. "Market are starting to realize how deep the crisis is," said Jesus Castillo, an economist covering Southern Europe for French bank Natixis.

  • FRANKFURT/ HELSINKI, Sept 20- Finnish power company Fortum is in advanced talks to buy for 3.8 billion euros German utility E.ON' s remaining stake in Uniper, the power stations and trading business it spun off last year. State-controlled Fortum is focused on carbon-free power generation, mainly in the Nordic region and Russia, and has been looking for a deal since...

  • Sept 20- Florida utilities said on Wednesday they have restored power to 99 percent of the 7.8 million homes and businesses that were knocked out by Hurricane Irma, leaving some 84,000 customers without electricity. Outages at Duke Energy Corp, which serves the northern and central parts of Florida, fell below 6,000 from a peak of around 1.3 million on Sept. 11.

  • PARIS, Sept 20- France's hard-left CGT labour union has urged its workers to reduce electricity output on Thursday as part of a nationwide protest led by the CGT against government labour reforms. CGT's mining and energy branch, FNME, said in a statement that it had filed a national strike notice to all companies in the electricity and gas sector for the period...

  • LONDON, Sept 20- Specialist renewable energy investor Quercus will invest over half a billion euros in a solar power project in Iran, with construction to start in the first half of 2018, the company's chief executive told Reuters. The planned 600- megawatt plant, located in central Iran, will be the sixth largest globally, behind projects of up to 1.5 gigawatts in...

  • But a surge in domestic natural gas production, billions of dollars in cost overruns on new projects, Japan's Fukushima accident in 2011, and multiple plant closures have the industry on its heels again. The U.S. Department of Energy expects nuclear's percentage of the power mix to drop to 11 percent by 2050 from the current 20 percent, and many reactors to close.

  • Sept 19- Florida utilities said on Tuesday they restored power to about 98 percent of the 7.8 million homes and businesses knocked out by Hurricane Irma, leaving some 184,000 customers still without electricity. Outages at Duke Energy Corp, which serves the northern and central parts of Florida, fell to about 51,000 from a peak of around 1.3 million on Sept. 11.

  • Sept 19- Hurricane Maria was on course Tuesday to slam Puerto Rico with a direct hit that could devastate the island's underfunded power grid, still recovering from Hurricane Irma two weeks ago. Irma grazed Puerto Rico, knocking out power to more than 1 million of PREPA's 1.5 million customers, according to the U.S. Energy Department. This is an unprecedented...

  • Sept 19- Florida utilities said on Tuesday they restored power to about 98 percent of the 7.8 million homes and businesses knocked out by Hurricane Irma, leaving some 195,000 customers still without electricity. Outages at Duke Energy Corp, which serves the northern and central parts of Florida, fell to about 57,000 from a peak of around 1.3 million on Sept. 11.

  • Sept 19- French nuclear regulator ASN said on Tuesday more than 600 "anomalies" had been found in a review of 12 EDF reactors and ordered the utility to add molded components to ongoing inspections of parts made at the Creusot Forge. Some 1,600 Creusot components are installed across EDF's fleet of 58 nuclear reactors in France. EDF is aware of the ASN's new...

  • PARIS, Sept 19- EDF's head of new nuclear, Xavier Ursat, said the company is in talks with several countries about selling nuclear power plants, including China, India, South Africa and Saudi Arabia. "India is one of the countries most suited to build new nuclear," Ursat said, adding that the country's strong industrial and academic environment underpinned new...

  • PARIS, Sept 19- France's ASN nuclear regulator said on Tuesday that it had asked state-controlled power group EDF to widen checks on certain, non-nuclear components made at the Creusot site, which has been under scrutiny over possible manufacturing flaws.

  • BELO HORIZONTE, Brazil, Sept 18- The new growth strategy being evaluated by Brazil's Vale would only be implemented once the company meets its debt reduction targets, an executive director for the world's largest iron ore producer said on Monday. The company is also interested in investing in the electricity sector itself or through a joint venture, including...

  • Sept 18- Florida utilities said on Monday they restored power to over 95 percent of the 7.8 million homes and businesses knocked out by Hurricane Irma, leaving some 371,000 customers still without electricity. Outages at Duke Energy Corp, which serves the northern and central parts of Florida, fell to about 115,000 from a peak of around 1.3 million on Sept. 11.

  • VIENNA, Sept 18- Saudi Arabia said on Monday it was still undertaking feasibility studies before deciding how and where to build its first nuclear power stations. Industry sources said last week that Saudi Arabia was expected to launch a tendering process for its first nuclear reactors as early as next month and would contact potential vendors from a number of...

  • Sept 18- Florida utilities said on Monday they restored power to about 95 percent of the 7.8 million homes and businesses knocked out by Hurricane Irma, leaving some 391,000 customers still without electricity. Outages at Duke Energy Corp, which serves the northern and central parts of Florida, fell to about 100,000 from a peak of around 1.3 million on Sept. 11.

  • DUBAI, Sept 16- Dubai's state energy utility awarded a $3.9 billion contract to build and run a 700 megawatt solar power plant to a consortium comprising Shanghai Electric and Saudi Arabia's ACWA Power, the government said on Saturday. The consortium bid to supply electricity to Dubai for 7.3 U.S. cents per kilowatt hour. It is part of the Mohammed bin Rashid al-...