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Utilities Electric Utilities

  • TOKYO, June 9- The governor of Japan's Niigata prefecture, home to the world's largest atomic power plant, Kashiwazaki-Kariwa, will not take steps to restart the site until a nuclear advisory committee completes its work, delaying its operation at least three years. Governor Ryuichi Yoneyama told Reuters in an interview that he plans to create an advisory...

  • NEW DELHI, June 9- Vikas Patharkar borrowed $700,000 in 2014 to set up a factory to make electric transformers on the outskirts of Mumbai, buoyed by the promise of massive government spending and hopes of a strong economic rebound. Patharkar says India's bureaucrats are to blame for denying contracts to small businesses like his, and has taken one state-run...

  • MANILA, June 8- The Philippines aims to build a $2- billion receiving and distribution facility for imported LNG, as it seeks to replace depleting domestic gas reserves that now produce a fifth of its power, the energy department said. The Philippines needs to step up power generation capacity by 7,000 megawatts over the next five years to support a fast-growing...

  • TOKYO, June 8- Tokyo Electric Power Company Holdings and Chubu Electric Power Co said on Thursday they aim to cut costs by more than 100 billion yen a year within five years after combining their fossil fuel power plants under their JERA Co joint venture. The two companies, which had agreed on the integration in March, signed a contract for this on Thursday.

  • Copper: China imported 390,000 tonnes, versus 300,000 tonnes in April. Crude oil: China imported 37.20 million tonnes, versus 34.39 million tonnes in April. Iron ore: China imported 91.52 million tonnes, versus 82.23 million tonnes in April.

  • Following a banner 2016 driven by expectations that a key federal tax credit would expire at the end of that year, the utility-scale market is expected to drop to 8 gigawatts this year from more than 10 GW last year, according to a report by GTM Research and the Solar Energy Industries Association. Residential markets in New York, Massachusetts and Maryland also...

  • June 7- Connecticut's Senate passed a bill Wednesday morning that could allow the state to buy power from Dominion Energy Inc's Millstone nuclear power plant. Senate Bill 778, which the Senate passed this morning, authorizes the commissioner of the state Department of Energy& Environmental Protection to conduct an appraisal to determine whether the state...

  • Centrais Elétricas Brasileiras SA, known as Eletrobras, and Cia Energética de Minas Gerais SA, known as Cemig, plan to divest generation and transmission assets, including their stakes in some of Brazil's largest hydroelectric dams- Santo Antônio and Belo Monte. Since the start of 2015, Chinese companies have been the buyers in most announced electricity...

  • *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...