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Utilities Electric Utilities

  • Electricity supply is so tight that a lack of wind to fuel renewable generation or the loss of a thermal power plant occurring at the same time there are increases in demand during the peak air-conditioning months could lead to power cuts in the wind-dependent state of South Australia and neighboring Victoria, the report said. The outlook, following a string of...

  • *World will miss Paris target under current projections. ARNHEM, The Netherlands, Sept 5- The cost of electric vehicles will fall to match those running on combustion engines by 2022, a key trigger that will mean by 2035 half of all passenger vehicles sold globally will be electric, according to the head of a top energy consultancy. But this expected exponential...

  • COPENHAGEN, Sept 4- China will tap Denmark, home to some of the world's largest offshore energy companies, to help it build a wind farm, Denmark's energy minister said on Monday. China, the world's biggest emitter of greenhouse gases, plans to raise its non-fossil fuel portion of primary energy consumption to 15 percent from 12 percent by 2020..

  • Sept 4- Hong Kong stocks followed regional markets lower on Monday, after North Korea's latest nuclear test heightened geopolitical tensions. North Korea on Sunday conducted its sixth and most powerful nuclear test, which it said was of an advanced hydrogen bomb for a long-range missile, prompting the threat of a "massive" military response from the United...

  • NEW YORK/ HOUSTON, Sept 2- Retail U.S. gasoline prices continued to rise as pipelines and terminals remained closed in Texas a week after Harvey made landfall as a Category 4 hurricane, forcing refineries to warn customers about fuel-supply shortages. In Texas, the epicenter of the storm, where over 88,000 houses and businesses remain without power and...

  • Entergy CEO: We've already restored power to about 300,000 customers

    Leo Denault, Entergy chairman & CEO, discusses his company's efforts to get electricity back to all customers affected by Hurricane Harvey.

  • *Around 20 million electric cars seen on UK roads by 2040. LONDON, Sept 1- Britain must plough billions of pounds into new power plants, grid networks and electric vehicle charging points if it is to avoid local power shortages when a planned ban on new diesel and petrol cars begins. The aim is to reduce air pollution, a source of growing public health concerns, and help...

  • HOUSTON, Aug 31- Motiva Enterprises' Port Arthur, Texas, refinery, the nation's largest, may be shut as long as two weeks for assessment of the plant and repair of any damage, sources familiar with plant operations said on Thursday. The 603,000- barrel-per-day Port Arthur Refinery was shut on Wednesday because of flooding from Tropical Storm Harvey.

  • SAO PAULO, Aug 31- China's Trina Solar, the world's largest maker of photovoltaic panels, is looking to grab a piece of Brazil's nascent solar power market despite tough economic conditions, the company's Latin America chief said. Trina has ruled out building a plant in Brazil, as some competitors have, preferring to initially import panels from China, Álvaro...

  • Aug 31- Southern Co said on Thursday it would seek to complete two unfinished nuclear reactors in the U.S. state of Georgia despite billions of dollars of cost overruns that pushed the main contractor, Westinghouse Electric Co LLC, into bankruptcy. The project known as Plant Vogtle is the first new U.S. nuclear power plant to be built since the Three Mile Island...

  • Aug 31- Southern Co said on Thursday it would seek to complete two unfinished nuclear reactors in the U.S. state of Georgia despite billions of dollars of cost overruns that pushed the main contractor, Westinghouse Electric Co LLC, into bankruptcy. The project known as Plant Vogtle is the first new U.S. nuclear power plant to be built since the Three Mile Island...

  • NEW DELHI, Aug 31- India's economy likely showed further signs of recovery in the latest quarter from a shock cash squeeze late last year, but the rebound is not expected to be strong enough to help it reclaim the crown of the world's fastest-growing major economy. That would mark a solid acceleration from 6.1 percent growth in January-March, but still lag China's...

  • SAO PAULO, Aug 30- Brazil's Equatorial Energia SA is among the companies interested in bidding for the control of Companhia Energética de São Paulo, which will be auctioned on Sept. 26, two sources with knowledge of the matter said on Wednesday. The sources say China Three Gorges Corp may also bid. Banco Fator SA, adviser to São Paulo State in the privatization...

  • ABUJA, Aug 30- Nigeria has approved the construction of a $5.8 billion hydroelectric power plant by a Chinese state firm, the power minister said on Wednesday, the latest in a series of Chinese deals since the project was first envisioned decades ago. Nigeria's cabinet signed off on the award of the contract to build Mambilla to the China Civil Engineering...

  • COPENHAGEN, Aug 30- New Energy Investment, indirectly owned by investment bank Goldman Sachs, is selling a 1.78 percent stake in Danish utility and offshore wind farm developer Dong Energy. Goldman Sachs, Nordea and Danske Bank are acting as joint global bookrunners for the offering. State-controlled Dong Energy became one of the biggest IPOs of last year when a...

  • WASHINGTON, Aug 29- The two nuclear reactors at the South Texas Project plant near Houston were operating at full capacity on Tuesday, a spokesman for the plant said, as watchdog groups called for the facility to shut due to Tropical Storm Harvey. "We've got significant rain but flooding has not been an issue here," spokesman Buddy Eller said in a phone call about the...

  • BRASILIA, Aug 29- Brazil will seek China's expertise and financing to complete its third nuclear power plant when President Michel Temer makes a state visit to Beijing on Friday, Brazilian government officials said on Tuesday. The head of Eletronuclear, Bruno Barretto, signed an initial memorandum with CNNC on the Angra 3 completion in Beijing in December when...

  • BEIJING, Aug 29- China's top coal miner Shenhua Group Corp Ltd will take over China Guodian Group Corp, among the country's top five state power producers, in a deal that will create the world's largest power utility worth $278 billion. Guodian Group had total installed capacity of 143 gigawatts of power, including 26.17 GW of wind at end-June.

  • BEIJING, Aug 29- Beijing announced its latest arranged marriage by matching the country's top coal miner with one of its biggest utilities to create a global powerhouse worth $280 billion on China's Valentine's Day. After a months-long courtship, China's State-owned Assets Supervision and Administration Commission announced the deal to combine the...

  • ASTANA, Aug 29- The International Atomic Energy Agency, the U.N. global nuclear watchdog, opened a uranium bank in Kazakhstan on Tuesday, a $150- million facility designed to discourage new nations from enriching the nuclear fuel. The Low Enriched Uranium Bank in the city of Oskemen, in eastern Kazakhstan, will store up to 90 tonnes of the fuel, enough to power a large...