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Utilities Electric Utilities

  • *Strong demand from China, Japan lifts Australian cargo prices. SINGAPORE, Sept 13- Australian coal cargo prices for export from its Newcastle terminal hit a 2017- high of $103.5 per tonne at their last close, driven by strong Asian demand. The Newcastle free-on-board contract is seen as a benchmark for Asian thermal coal prices.

  • Sept 12- Power outages from Hurricane Irma dropped to about 5.8 million customers in Florida, Georgia, North Carolina, South Carolina and Alabama by Tuesday afternoon, down from a peak of over 7.4 million late Monday, according to utilities in the affected region. FPL said it expects to restore essentially all of its customers in the eastern portion of the state by...

  • NEW YORK, Sept 12- Some 5.8 million homes and businesses in Florida and nearby states still had no power on Tuesday after the pummeling from Hurricane Irma, as utility companies scrambled to get the lights back on in one of the biggest power restoration efforts in U.S. history. Major utilities in Florida- including NextEra Energy Inc's Florida Power& Light, Duke...

  • Sept 12- The cost of solar energy has hit a U.S. government target three years ahead of schedule, prompting the Energy Department to change the focus of its solar program to integrating higher levels of the renewable power technology with the power grid. The DOE's SunShot Initiative, launched in 2011 by the administration of President Barack Obama, set a goal of...

  • TORONTO, Sept 12- Home Capital Group Inc's shareholders on Tuesday rejected a proposal for Warren Buffett's Berkshire Hathaway to raise its stake in the company, voting against the board's recommendation in a third defeat for the U.S. billionaire this year. Home Capital Chairwoman Brenda Eprile told a special meeting of shareholders that 88.79 percent of...

  • NEW YORK, Sept 12- Some 6.1 million homes and businesses in Florida and nearby states still had no power on Tuesday after the pummeling from Hurricane Irma, as utility companies scrambled to get the lights back on in one of the biggest power restoration efforts in U.S. history. Major utilities in Florida- including NextEra Energy Inc's Florida Power& Light, Duke...

  • Sept 12- Power outages from Hurricane Irma dropped to about 6.1 million in Florida, Georgia, North Carolina, South Carolina and Alabama by Tuesday afternoon, down from a peak over 7.4 million late Monday, according to local utilities. FPL said it expects to restore essentially all of its customers in the eastern portion of Florida by the weekend and the harder-hit...

  • SACRAMENTO, Calif.— Other Western states would share oversight of California's power grid under a plan introduced by a state lawmaker that supporters say would save as much as $1.5 billion a year and run the system more efficiently. California currently operates with a glut of power plants and is at times forced to pay other states to take its excess solar and...

  • TORONTO, Sept 12- Home Capital's shareholders on Tuesday rejected a proposal for Warren Buffett's Berkshire Hathaway to raise its stake in the company, voting against the board's recommendation in a third defeat for the U.S. billionaire this year. The deal would have allowed Berkshire Hathaway to buy new shares in the company at a price of C $10.30 per share, a...

  • LONDON, Sept 12- Taxpayers will not be on the hook for any additional costs incurred in the building of the new $24 billion Hinkley Point nuclear plant, British finance minister Philip Hammond said. EDF said in July that costs at Hinkley Point were likely to be higher than it originally thought. EDF's UK arm EDF Energy is building the 18 billion pound plant in...

  • NEW YORK, Sept 12- Some 6.7 million homes and businesses in Florida and nearby states still had no power on Tuesday after the pummeling from Hurricane Irma, as utility companies scrambled to get the lights back on in one of the biggest power restoration efforts in U.S. history. Major utilities in Florida- including NextEra Energy Inc's Florida Power& Light, Duke...

  • *Iran and Syria signed new deals, worth millions of euros. LONDON/ BEIRUT, Sept 12- Iran signed deals with Damascus on Tuesday to repair Syria's power grid, state media said, a potentially lucrative move for Tehran that points to a deepening economic role after years of fighting in the Syrian conflict. On Tuesday, Iran and Syria signed a memorandum of understanding...

  • NEW YORK, Sept 12- Power outages from Hurricane Irma in Florida and nearby states declined to about 6.9 million customers on Tuesday from a peak over 7.4 million late Monday as utilities organized one of the biggest restoration efforts in U.S. history. Some customers in the hardest hit areas of Florida, however, will likely have to wait weeks before their lights...

  • PARIS, Sept 12- The number of nuclear newbuild projects worldwide has dropped to a decade low in the wake of the 2011 Fukushima disaster and due to the rising cost of atomic energy, an industry report showed. China, the most active builder of nuclear plants in the past decade, saw its newbuild activity slow from 10 in 2010 to six in 2015 and just two last year.

  • PARIS, Sept 12- The number of nuclear newbuild projects worldwide has dropped to a decade low in the wake of the 2011 Fukushima disaster and due to the rising cost of atomic energy, an industry report showed. China, the most active builder of nuclear plants in the past decade, saw its newbuild activity slow from 10 in 2010 to six in 2015 and just two last year.

  • PARIS, Sept 12- The number of nuclear newbuild projects worldwide has dropped to a decade low in the wake of the 2011 Fukushima disaster and due to the rising cost of atomic energy, an industry report showed. China, the most active builder of nuclear plants in the past decade, saw its newbuild activity slow from 10 in 2010 to six in 2015 and just two last year.

  • PARIS, Sept 12- The number of nuclear newbuild projects worldwide has dropped to a decade low in the wake of the 2011 Fukushima disaster and due to the rising cost of atomic energy, an industry report showed. China, the most active builder of nuclear plants in the past decade, saw its newbuild activity slow from 10 in 2010 to six in 2015 and just two last year.

  • BEIRUT— Syria's government signed a contract with an Iranian company on Tuesday to import five gas-fired power plants to the war-battered city of Aleppo, in an early sign of the major role Tehran is expected to play in Syria's reconstruction. The deal, reported by Syria's state news agency SANA, is part of a broader understanding reached by Damascus and Tehran...

  • Rebuilding the grid after Irma

    Christine Tezak, ClearView Energy Partners managing director, talks about getting power back to customers in Floria as quickly as possible. Also Tezak weighs in on how floods impacted Houston's utilities.

  • SYDNEY, Sept 12- Strong Asian demand for coal from Australia is depriving domestic power generators of fuel and driving electricity prices higher, energy providers and mining sources said. Australian Newcastle thermal coal cargo prices, a benchmark for Asia, have jumped by more than 20 percent since July to over $100 per tonne on strong demand from overseas...