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Utilities Electric Utilities

  • *Renault plans 100 megawatt storage facility- sources. FRANKFURT, June 7- Renault-Nissan is drawing up plans to build a 100 megawatt power storage plant in Europe, sources told Reuters, hoping to give electric car batteries a second life in a project that could eventually compete with utility companies. "We're working with The Mobility House on several...

  • COPENHAGEN, June 7- The biggest wind farm in sub-Saharan Africa is ready for launch but will remain idle until next year as Kenya's government has not yet installed the transmission lines needed to get the clean power to customers, the provider of the turbines said. Danish wind turbine maker Vestas Wind Systems installed 365 turbines at Lake Turkana in the hot...

  • FRANKFURT, June 7- Germany's top court on Wednesday declared the country's nuclear fuel tax to be illegal, a major victory for power firms now poised to reclaim about 6.3 billion euros plus interest and ease the strain on their balance sheets. Germany's Environment Minister Barbara Hendricks called the ruling a "colossal nuisance" as well as a slap in the face for...

  • COPENHAGEN, June 7- The biggest wind farm in sub-Saharan Africa is ready for launch but will remain idle until next year as Kenya's government has not yet installed the transmission lines needed to get the clean power to customers, the provider of the turbines said. "The challenge is now to get the wind farms connected to the grid and that is indeed a project which is...

  • FRANKFURT, June 7- Germany's top court declared the country's nuclear fuel tax illegal on Wednesday, raising the prospect of a 6 billion euro refund to utilities at a time of strained balance sheets. The verdict marks a second win for utilities over Germany's nuclear policy after a court ruled in December that a push to shut down all of Germany's nuclear plants...

  • MELBOURNE, June 7- Australia's biggest power producer, AGL Energy, said on Wednesday it would spend A $295 million to build a gas-fired power station to bolster the grid in the wind energy-dependent state of South Australia. AGL plans to build the 210 megawatt plant to replace two of the four turbines at its 50- year-old Torrens A gas-fired power station, which it...

  • June 6- U.S. carbon dioxide emissions from energy sources are expected to hit a 25- year low in 2017 as the power sector burns less carbon-intensive coal and more low-cost natural gas, according to government data released Tuesday. In 2018, however, carbon dioxide emissions from transportation, power plants, homes and businesses should climb about 2.2 percent,...

  • MELBOURNE, June 5- Australia's most solar-power dependent state, Queensland, said it would restart a gas-fired energy plant next year to help cap soaring electricity prices and make the grid more stable, a move that prompted an instant drop in power futures prices on Monday. "We have used our public ownership of electricity assets to bring more supply into the...

  • *Congress to consider boosting tax credit this summer. Occidental Petroleum Corp and a few other oil producers with wells near this town on New Mexico's border with Texas steadily pumped low-cost oil through the downturn, using a technique that has been heralded worldwide as a way to reduce carbon emissions and boost oil output. This way of drilling brings with...

  • SEOUL, June 4- A proposed energy U-turn by South Korea's new government would put the environment at the center of energy policy, shifting one of the world's staunchest supporters of coal and nuclear power towards natural gas and renewables. South Korea's LNG imports could jump by more than 50 percent by 2030, while coal shipments could peak as early as next year.

  • RIO DE JANEIRO, June 2- Brazilian state-run power holding company Centrais Elétricas Brasileiras SA plans to sell six energy distribution companies by early December, Chief Executive Officer Wilson Ferreira Jr. said on Friday. Grupo BTG Pactual SA has been hired as a financial adviser and is expected to deliver a precise valuation by July.

  • Ten years from now coal will be just 15 percent, " TVA Chief Executive Bill Johnson said, noting the company has retired more than half its coal plants over the past decade. Despite efforts by President Donald Trump to sweep away former President Barack Obama's climate change regulations, like the Clean Power Plan, and his decision on Thursday to withdraw from the...

  • ST PETERSBURG, Russia, June 1- Russia signed an agreement with the Indian government on Thursday to build two new reactors for the Kudankulam nuclear power station in Tamil Nadu and said it would loan India $4.2 billion to help fund construction. President Vladimir Putin says Russia is ready to build a dozen nuclear reactors in India over the next 20 years to back...

  • ST PETERSBURG, Russia, June 1- Atomstroyexport, a unit of Russian state nuclear firm Rosatom, has signed an agreement with the Indian government to build two new reactors for the Kudankulam power station in Tamil Nadu, Kremlin documents seen by Reuters showed on Thursday. The agreement to build reactors 5 and 6 should help cement ties between the two countries.

  • ST PETERSBURG, Russia, June 1- Russian state nuclear firm Rosatom is not afraid of competition from new nuclear players China and South Korea, Rosatom's head said on Thursday, even though Russia is battling those countries for major projects in South Africa and elsewhere. Alexei Likhachyov, Rosatom chief executive, also said at an economic forum in St Petersburg...

  • ST PETERSBURG, Russia, June 1- Russian state nuclear firm Rosatom is not afraid of competition from new nuclear players China and South Korea, Rosatom's head said on Thursday, even though Russia is battling those countries for major projects in South Africa and elsewhere. Alexei Likhachyov, Rosatom chief executive, also said at an economic forum in St Petersburg...

  • NEW YORK/ LOS ANGELES, May 31- U.S. coal company shares dipped alongside renewable energy stocks on Wednesday after reports that President Donald Trump plans to pull the United States from a global accord on fighting climate change. A spokesman for Peabody said the company would support a decision by Trump to withdraw from the Paris deal because the "accord is...

  • May 31- President Donald Trump will follow through on a campaign pledge to pull the United States out of a global pact to fight climate change, a source briefed on the decision told Reuters on Wednesday. U.S. carbon emissions fell last year to a 24- year-low and are expected to continue declining over the next decade as power companies keep shutting old coal plants...

  • NEW YORK, May 31- Coal stocks continued to underperform the broader U.S. market on Wednesday and renewable energy stocks also fell after media reported the United States will withdraw from a global pact to fight climate change. President Donald Trump will follow through on a campaign pledge to pull the United States out of the Paris climate accord, a source...

  • BOSTON, May 31- After U.S. But now investors are pouring money back in, boosting net deposits in 22 green funds to nearly $83 million in the first four months of 2017, according to data from Thomson Reuters' Lipper unit. The coal industry faces problems in the marketplace that are too big for any government to solve, said Murray Rosenblith, a portfolio manager for the...