Utilities Electric Utilities

  • LAUNCESTON, Australia, Nov 20- U.S. coal exporters have effectively lost a promising market in China since the imposition of tariffs as part of the ongoing trade dispute, but so far they have managed to find other buyers in Asia, chiefly India. Vessel-tracking and port data compiled by Refinitiv show that no coal from the United States was discharged in China in...

  • LAUNCESTON, Australia, Nov 20- U.S. coal exporters have effectively lost a promising market in China since the imposition of tariffs as part of the ongoing trade dispute, but so far they have managed to find other buyers in Asia, chiefly India. Vessel-tracking and port data compiled by Refinitiv show that no coal from the United States was discharged in China in...

  • LAUNCESTON, Australia, Nov 20- U.S. coal exporters have effectively lost a promising market in China since the imposition of tariffs as part of the ongoing trade dispute, but so far they have managed to find other buyers in Asia, chiefly India. Vessel-tracking and port data compiled by Refinitiv show that no coal from the United States was discharged in China in...

  • LAUNCESTON, Australia, Nov 20- U.S. coal exporters have effectively lost a promising market in China since the imposition of tariffs as part of the ongoing trade dispute, but so far they have managed to find other buyers in Asia, chiefly India. Vessel-tracking and port data compiled by Refinitiv show that no coal from the United States was discharged in China in...

  • JOHANNESBURG, Nov 18- South African power utility Eskom cut 1,000 megawatts of electricity from the strained national power grid on Sunday after high unplanned outages, a company spokesman said. The controlled power cuts- locally known as load-shedding- started at 1015 GMT and were scheduled to end at 2000 GMT, but stopped earlier than planned, Eskom spokesman...

  • NEW YORK, Nov 16- The wild swings in the shares of PG&E Corp over the past week have drawn a rush of trading in the electricity provider's options contracts and traders are betting the stock is going to remain prone to wild gyrations in the near term. Shares of the electricity provider in the northern California region ravaged by a deadly wildfire jumped 36 percent...

  • JOHANNESBURG, Nov 16- South Africa's cash-strapped power utility Eskom said on Friday it had revised its coal strategy to focus on contracts that offer long-term, fixed prices and security of supply as it faces possible power outages and low stockpiles of the fuel. "Eskom's long-term coal strategy has been revised to revert Eskom's coal supply to dedicated...

  • Power lines rest on cars that were burned by the Camp Fire on November 10, 2018 in Paradise, California. 

    PG&E's stock has lost more than half its value as shareholders flee the utility amid concerns that its equipment may be partly responsible for the most destructive wildfire in California's history.

  • Nov 14- PG&E Corp, the electricity provider in the northern California region ravaged by a deadly wildfire, warned that it could face "significant liability" in excess of its insurance coverage if its equipment caused the blaze, sending its shares and bonds sharply lower. The developments triggered fresh pressure on PG&E's shares, and, for the first time since the...

  • Nov 14- PG&E Corp, the electricity provider in the northern California region ravaged by a deadly wildfire, warned that it could face "significant liability" in excess of its insurance coverage if its equipment caused the blaze, sending its shares and bonds sharply lower. The developments triggered fresh pressure on PG&E's shares, and, for the first time since the...

  • TOKYO, Nov 14- Japan's Nikkei ended higher in choppy trade on Wednesday as short-covering in electronics component makers and tech shares helped offset weakness in resource stocks dragged down by falling oil prices. "The market's major concerns are oil price moves and development in U.S.- China trade war, and these factors will likely determine stocks'...

  • *Natural gas will be fastest growing fossil fuel. LONDON, Nov 13- Natural gas is expected to overtake coal as the world's second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas use, the International Energy Agency said on Tuesday. The Paris- based IEA said in its World Energy Outlook 2018 that energy...

  • SAO PAULO, Nov 13- Brazilian power utility Eletrobras made a third-quarter net loss of 1.61 billion reais, hit by large provisions and some write-offs to assets that were sold, the company said on Tuesday. The state-controlled company, formally known as Centrais Elétricas Brasileiras SA, said in a securities filing that its earnings before interest, tax,...

  • LONDON, Nov 13- Natural gas is expected to overtake coal as the world's second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas use, the International Energy Agency said on Tuesday,. The Paris- based IEA said in its World Energy Outlook 2018 that energy demand would grow by more than a quarter between 2017...

  • SAO PAULO, Nov 9- The Brazilian unit of French gas and power group Engie SA is in negotiations to set up contracts forward-selling wind power that would allow it to build wind farms with 300 megawatts of capacity, its chief financial officer said on Friday. Engie Brasil Energia is negotiating the contracts on the so-called free market that would allow it to build...

  • Firefighters begin a back burn against the Camp Fire on Pentz Road south Paradise, Calif., November 8, 2018. 

    Shares of PG&E plunged more than 16 percent on Friday as wildfires continued to rage through California.

  • *Nordic front-quarter baseload power contract fell 0.05 euro to 48.10 euros per megawatt hour at 1124 GMT. *Nordic front-year contract lost 0.2 euro to 38.60 euros/ MWh. *The Nordic power price for next-day physical delivery, or system price, fell 5.29 euro to 42.63 euros per MWh at an auction on the Nord Pool exchange.

  • Nov 9- Germany has earmarked 1 billion euros to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries, three sources told Reuters. Below are details of plans to establish electric vehicle battery plants in Europe:. A Northvolt spokesman said the company was...

  • Nov 8- More than a third of U.S. nuclear power plants could shut for economic reasons over the next decade, a greater number than most analysts expect, according to a study released on Thursday by the Union of Concerned Scientists, a public policy group that focuses on environmental and energy issues. Michigan energy company DTE Energy Co said its Fermi reactor is...

  • JOHANNESBURG, Nov 8- France's EDF Group signed an agreement on Thursday to build and operate a 1.2 billion euro hydropower project in Cameroon, the first step in a plan to expand its hydropower business in Africa, a company executive said. The 420- megawatt project will be located on the Sanaga River near Nachtigal Falls, around 65 km northeast of the capital...