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Utilities Electric Utilities

  • FRANKFURT, Oct 16- A surcharge levied on German power bills to support renewable energy will fall by 1.3 percent next year, but the relief to consumers from the move will be limited, the country's network operators said on Monday. The surcharge under the renewable energy act will amount to 6.792 euro cents per kilowatt-hour in 2018, down from 6.880 cents this year,...

  • FRANKFURT, Oct 16- A surcharge levied on German consumers to support renewable power will fall by 1.3 percent next year, as funds collected to support green electricity exceed anticipated pay-outs, the country's network operators said on Monday. The surcharge under the renewable energy act will amount to 6.792 euro cents per kilowatt hour in 2018, down from...

  • Vistra's subsidiary Luminant will close two Texas power plants, it said in a statement on Friday. The announcement came just a week after Luminant revealed the closure of a further Texas plant. Environmental Protection Agency Administrator Scott Pruitt said on Tuesday he wanted to ease pressure on the coal industry by scrapping a package of rules put in place...

  • *A 24 billion euro annual payout makes it political. FRANKFURT, Oct 13- A surcharge levied on German consumers to support renewable power will be reduced by around 1.2 percent next year, industry sources said on Friday. The surcharge under the renewable energy act would amount to close to 6.8 euro cents per kilowatt-hour in 2018, down from 6.88 cents this year, they...

  • Retailers are also up after the Commerce Department said Americans shopped more in September. The Dow Jones industrial average picked up 47 points, or 0.2 percent, to 22,888. The Nasdaq composite gained 20 points, or 0.3 percent, to 6,611. The Russell 2000 index of smaller-company stocks remained at 1,505.. Medicaid program administrator Centene lost $3.23, or...

  • FRANKFURT, Oct 13- A surcharge levied on German consumers to support renewable power will be reduced by around 1.2 percent next year, industry sources said on Friday. The surcharge under the renewable energy act would amount to close to 6.8 euro cents per kilowatt hour in 2018, down from 6.88 cents this year, they said. It comprised just over a fifth of consumers'...

  • CAPE TOWN, Oct 13- South Africa's department of environmental affairs has granted authorisation to state-owned power utility Eskom to build a new 4,000 megawatt nuclear power plant in the Western Cape, according to a letter seen by Reuters. Construction at Duynefontein, close to South Africa's only existing nuclear site Koeberg, will only go ahead once the...

  • ULAANBAATAR, Oct 13- Mongolia has launched a series of new wind power projects to develop its huge renewable energy potential and start delivering clean electricity to other countries in the region in preparation for the creation of an "Asia Super Grid." But the sparsely populated northeast Asia country, which is hugely dependent on its mineral wealth, is...

  • WASHINGTON, Oct 12- The U.S. energy secretary defended his plan to reward nuclear plants with incentives against criticism it would manipulate markets by telling a congressional hearing on Thursday that a strong domestic nuclear industry boosted national security. Rick Perry pushed the Federal Energy Regulatory Commission on Sept. 29 to issue a rule within...

  • A truck delivers coal to Pacificorp's 1440 megawatt coal fired power plant on October 9, 2017 in Castle Dale, Utah.

    The Trump EPA proposed repealing Obama's plan to reduce carbon emissions from power plants, extending a period of regulatory uncertainty.

  • LOS ANGELES, Oct 12- President Donald Trump's administration has vowed to revive the coal industry, challenged climate-change science and blasted renewable energy as expensive and dependent on government subsidies. And yet the solar power industry is booming across Trump country, fueled by falling development costs and those same subsidies, which many...

  • Utilite EDF insisted that the stunt Thursday by Greenpeace had no impact on safety at the plant in Cattenom in eastern France. Greenpeace spokesman Yannick Rousselet said the action exposed security risks because the activists reached within 100 meters of open pools of nuclear waste. Greenpeace is lobbying for France to create special bunkers over its...

  • China's state-owned power company Shanghai Electric and Asian-European private equity firm AGIC Capital had also expressed interest earlier in the process, being managed by Morgan Stanley as FFT's financial adviser, the people said. Chinese interest in FFT comes as the world's second-largest economy strives to boost locally-made products as part of a...

  • LONDON, Oct 11- For political reasons, the Trump administration has become obsessed by saving old and inefficient coal-fired power plants rather than preparing the electricity industry to face the challenges of the future. At the Department of Energy, Secretary Rick Perry has proposed a grid resiliency rule which would increase payments to coal-fired power...

  • Dow Chemical, Koch Industries and U.S. Steel Corp. are standing with environmentalists in opposing an Energy Department plan that would reward nuclear and coal-fired power plants for adding reliability to the nation's power grid and are pressuring the administration to shift course. Energy Secretary Rick Perry says the plan is needed to help prevent...

  • John Hultquist, director of intelligence analysis for FireEye, said Wednesday that phishing emails were sent on Sept. 22 to executives at the energy company, which he declined to identify. Concerns about hackers causing blackouts have grown since cyberattacks in Ukraine temporarily crippled its power grid in 2015 and 2016.. But a "zombie apocalypse" scenario...

  • WASHINGTON, Oct 11- Former New York mayor Michael Bloomberg's charity gave another $64 million to a campaign that aims to slash the number of U.S. coal-fired plants by two thirds by 2020, he said on Wednesday. Bloomberg Philanthropies made the donation to the Beyond Coal campaign run by non-profit Sierra Club, and other organizations fighting the burning of...

  • LONDON, Oct 11- For political reasons, the Trump administration has become obsessed by saving old and inefficient coal-fired power plants rather than preparing the electricity industry to face the challenges of the future. At the Department of Energy, Secretary Rick Perry has proposed a grid resiliency rule which would increase payments to coal-fired power...

  • *Pipes at 20 reactors may not be earthquake-proof- EDF. EDF says work ongoing to reinforce pipes. PARIS, Oct 11- French utility EDF is repairing pumping station pipes at 20 nuclear reactors after discovering they might not be strong enough to withstand earthquakes, posing a risk to cooling systems, it said on Wednesday.

  • *Pipes at 20 reactors may not be earthquake-proof- EDF. EDF says work ongoing to reinforce pipes. PARIS, Oct 11- French utility EDF is repairing pumping station pipes at 20 nuclear reactors after discovering they might not be strong enough to withstand earthquakes, posing a risk to cooling systems, it said on Wednesday.