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Utilities Electric Utilities

  • SINGAPORE, Aug 29- Australian asset manager Qado and commodity merchant RCMA plan to jointly develop and market natural gas assets in the state of Queensland to sell the fuel in the country's struggling power market. "RCMA will support approved Eastern Australia Qado operated upstream projects with gas trading and marketing services, and direct investment...

  • SAO PAULO, Aug 28- China's State Power Investment Corp plans to participate in the auction of four hydroelectric dams whose licensing was seized from Cia Energética de Minas Gerais SA in recent months, a person with direct knowledge of the situation said on Monday. Pacific Hydro Brasil, SPIC's Brazilian subsidiary, and Brazil's electricity industry watchdog...

  • BUENOS AIRES, Aug 28- Argentina's government approved the construction of two hydroelectric dams in the southern Patagonia region after holding public hearings as required by the Supreme Court, according to a notice in the Official Gazette on Monday. The dams in Santa Cruz province will be constructed by China Gezhouba Group Co Ltd, which holds a majority...

  • *Harvey weakens to tropical storm, threatens widespread floods. Harvey slammed into Texas, the heart of the U.S. oil and gas industry, late Friday as a Category 4 hurricane with winds of 130 miles per hour, making it the strongest storm to strike the state since 1961.. Harvey has since weakened to a tropical storm, but is expected to lash Texas for days as it lumbers...

  • Harvey slammed into Texas, the heart of the U.S. oil and gas industry, late Friday as a Category 4 hurricane with winds of 130 miles per hour, making it the strongest storm to strike the state since 1961.. Harvey has since weakened to a tropical storm, but is expected to lash Texas for days as it lumbers inland, bringing as much as 40 inches of rain and affecting heavily...

  • *Harvey weakens to tropical storm, threatens widespread floods. Harvey slammed into Texas, the heart of the U.S. oil and gas industry, late Friday as a Category 4 hurricane with winds of 130 miles per hour, making it the strongest storm to strike the state since 1961.. It has since weakened to a tropical storm, but is expected to lash Texas for days as it lumbers inland,...

  • *Harvey weakens to tropical storm, threatens widespread floods. Harvey hit Texas, the heart of the U.S. oil and gas industry, late Friday as a Category 4 hurricane with winds of 130 miles per hour, making it the strongest storm to strike the state since 1961.. One person died in a house fire in the town of Rockport, 30 miles north of the city of Corpus Christi, as Harvey...

  • *Harvey weakens to tropical storm, threatens widespread floods. ROCKPORT, Texas, Aug 26- The most powerful storm to hit Texas in more than 50 years has killed at least one person and is now threatening catastrophic flooding as it lumbers inland and dumps torrential rains, authorities said on Saturday. Harvey hit Texas, the heart of the U.S. oil and gas industry, late...

  • ROCKPORT, Texas, Aug 26- The most powerful storm to hit Texas in more than 50 years dumped torrential rain as it moved inland on Saturday, threatening widespread floods across the U.S. state and possibly in the city of Houston. Tropical Storm Harvey is expected to lash Texas for days, bringing as much as 40 inches of rain after battering the coast when it came ashore on...

  • *Harvey hit Texas as Category 4 hurricane late Friday. ROCKPORT, Texas, Aug 26- The most powerful hurricane to hit the U.S. state of Texas in more than 50 years moved slowly inland on Saturday, dumping torrential rain expected to cause catastrophic flooding after battering the coast with 130 miles per hour winds. Texas utility companies said just under a quarter of a...

  • Lonnie Carter will step down from his post as CEO and president of utility Santee Cooper, ending more than 13 years in the position and more than three decades with the utility, Carter and Santee Cooper's board of directors said at a specially convened meeting. The Santee Cooper board of directors voted on July 31 to halt construction on the project, once...

  • Lonnie Carter will step down from his post as CEO and president of utility Santee Cooper, ending more than 13 years in the position and more than three decades with the utility, Carter and Santee Cooper's board of directors said at a specially convened meeting. The Santee Cooper board of directors voted on July 31 to halt construction on the project, once...

  • LIMA, Aug 24- A consortium led by China Three Gorges Corp has agreed to buy a hydroelectric plant in Peru from scandal-plagued Brazilian builder Odebrecht SA for $1.39 billion, a person with knowledge of the deal said on Thursday. Odebrecht earlier in the day said it had signed a deal to sell its 456 megawatt Chaglla plant in northern Peru to the consortium.

  • LIMA, Aug 24- A consortium led by China Three Gorges Corp has signed a deal to buy a 456 megawatt hydroelectric plant in Peru from Brazilian builder Odebrecht for an undisclosed sum, Odebrecht said late on Thursday. The announcement comes as scandal-plagued Odebrecht tries to pay down its debt as it faces more than $2.6 billion in fines for corruption and bans on...

  • WASHINGTON/ LOS ANGELES, Aug 24- A U.S. Energy Department report calls for incentives to boost coal-fired and nuclear power plants following a slew of closures that it said undermined reliable sources of electricity. President Donald Trump has promised to revive the ailing coal mining sector but has also said he welcomes all forms of energy development to...

  • JEDDAH, Saudi Arabia, Aug 24- Saudi Arabia aims to exceed its target to generate 9.5 gigawatts of electricity from renewable energy annually, to highlight its long-term commitment to green energy, a senior government official said. "We plan to exceed 9.5 gigawatts," Turki al-Shehri, head of the energy ministry's Renewable Energy Project Development Office told...

  • WASHINGTON, Aug 24- A U.S. Energy Department report calls for incentives to boost coal-fired and nuclear power plants following a slew of closures that it said undermined reliable sources of electricity. The report dovetails with President Donald Trump's promise to revive the ailing mining sector. Energy Secretary Rick Perry commissioned the study in April...

  • WASHINGTON, Aug 23- Cheap natural gas and the growth in renewable energy are speeding up the closure of coal and nuclear plants, putting the resilience of the U.S. electric grid at risk, according to an Energy Department report released on Wednesday. Energy Secretary Rick Perry commissioned the study in April to evaluate whether "regulatory burdens" imposed by...

  • WASHINGTON, Aug 23- The U.S. Department of Energy will release a study of electric grid reliability on Wednesday night, a department official said, an endeavor the renewable industry worries may fault surging solar and wind power for weaknesses on the grid. A draft of the Department of Energy report, reviewed by Reuters in July, had concluded that the growth of...

  • *Signed 700 MW wind power deal in Vietnam. As part of plans to more than double power generation capacity by 2021 from 845 megawatts currently, Jormsup Lochaya told Reuters in an interview his company signed a deal to develop new wind power projects in Vietnam last week with combined capacity of 700 MW. Thailand is leading a nascent boom in Southeast Asian...