×

Utilities Electric Utilities

  • 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...

  • *Victoria seeks 40 pct renewable energy by 2025. Victoria state Premier Daniel Andrews will introduce legislation to the state parliament this week to cement renewable energy targets, including 25 percent by 2020.. Victoria, a Labor-controlled state, will hold renewable energy auctions in which companies will bid to supply the market, the first of which is for...

  • *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...

  • SYDNEY, Aug 23- Australia's second most populous state has proposed passing laws to lock in a renewable power target of 40 percent by 2025, looking to spur investment in electricity sources such as solar and wind even as the national government wrangles over energy policy beyond 2020.. Victoria state Premier Daniel Andrews will introduce legislation to the...

  • Warren Buffett

    The steady, reliable income from electricity transmission businesses is attractive to investors like Warren Buffett and Paul Singer.

  • RIO DE JANEIRO, Aug 22- The privatization of Brazilian electric utility Eletrobras could raise up to 20 billion reais, Mining and Energy Minister Fernando Coelho Filho told Reuters, adding that the process may involve the sale of new shares. The interview followed an Energy and Mines Ministry statement, which said the model and terms of the Eletrobras...

  • *Graphic of China seaborne coal imports vs. Virtually everybody in the coal industry can agree that the strong performance in seaborne thermal coal this year is being driven by market dynamics in top importer China. The argument for a structural change in China is quite compelling.

  • LAME DEER, Montana, Aug 21- U.S. Interior Secretary Ryan Zinke and Vice President Mike Pence took a horseback tour in May of a Montana coal mine belonging to the Crow Nation. Their differences reflect a broader divide on drilling and mining among Americas 567 federally recognized tribes.

  • KHOBAR, Saudi Arabia, Aug 21- Saudi Arabia has issued a regulatory framework for electricity consumers to operate their own, small-scale solar power generating systems and export unused power to the national grid, the government said on Monday. The rules will come into force next July 1 and cover small photovoltaic facilities with generating capacity of no...