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Utilities Electric Utilities

  • Speaking at a press conference at the close of the G20 meeting of energy ministers in Bariloche, Argentina, Germany's director of energy policy Thorsten Herdan said G20 member countries "have to get out of coal" to reduce greenhouse gas emissions and fight climate change. The meeting marked the latest disagreement between the United States and other major...

  • JOHANNESBURG, June 15- South Africa suffered power outages for a second day on Friday as workers protested over wages at national electricity provider Eskom, in a test of President Cyril Ramaphosa's resolve to cut costs at struggling state companies. Public Enterprises Minister Pravin Gordhan said late on Friday Eskom and the unions had agreed to resume...

  • OSLO, June 15- Europe's largest intraday power market, launched on Tuesday to trade electricity between 14 countries, has had a smooth start and offers traders better access to energy resources and volumes, Norway's Statnett power grid told Reuters. "In principle, trades can be made directly from Portugal to Norway, if transmission capacities are available.

  • JOHANNESBURG, June 15- South Africa suffered power outages for a second straight day on Friday as workers protest over wages at national electricity provider Eskom, in a test of President Cyril Ramaphosa's resolve to cut costs at struggling state companies. Eskom, which produces more than 90 percent of South Africa's power, said it would implement outages...

  • FRANKFURT, June 15- Forecasts for more wind and conventional power supply weighed down prompt wholesale prices in Europe on Friday, while forwards eased along with losses in carbon emissions rights. *On the supply side, production from German wind turbines is expected to more than triple to 7.3 gigawatts on Monday compared with the anticipated level for Friday...

  • JOHANNESBURG, June 15- South Africa suffered power outages for the second straight day on Friday following protests over wages at national electricity provider Eskom, in a test of President Cyril Ramaphosa's resolve to cut costs at struggling state companies. Eskom, which produces more than 90 percent of South Africa's power, said it would implement outages...

  • *SoftBank to invest $60- $100 bln in solar power in India- NHK. TOKYO, June 15- SoftBank Group Corp has decided to invest $60 billion- $100 billion in solar power generation in India, Japanese public broadcaster NHK reported on Friday. Saudi Arabia is the largest investor in SoftBank's Vision Fund, which raised over $93 billion last year.

  • *SoftBank to invest $60- $100 bln in solar power in India- NHK. TOKYO, June 15- SoftBank Group Corp has decided to invest $60 billion- $100 billion in solar power generation in India, Japanese public broadcaster NHK reported on Friday. Saudi Arabia is the largest investor in SoftBank's Vision Fund, which raised over $93 billion last year.

  • PARIS, June 14- A forecast fall in renewables power generation lifted European spot electricity prices for day-ahead delivery on Thursday, while year-ahead contracts posted slight gains tracking carbon emission, coal and gas prices. *Germany's baseload spot power price for Friday delivery soared over 10 percent, or 4.8 euros to 49.60 euros a megawatt hour.

  • An additional decommissioning in Fukushima would mean all 10 of TEPCO's reactors in Fukushima would be dismantled eventually. TEPCO has said a Fukushima No. 2 decommissioning would cost about 280 billion yen, in addition to the estimated 22 trillion yen needed for the ongoing Fukushima No. 1 cleanup. TEPCO president Tomoaki Kobayakawa, who met Fukushima Gov.

  • *Global energy demand rose by 2.2 pct in 2017- BP. LONDON, June 13- Global greenhouse gas emissions began rising again last year as the first pick-up in coal burning since 2013 overshadowed a record expansion in renewable energy, a BP report said. The opening of new coal-fired power plants in India and China drove coal consumption higher by 1 percent, highlighting...

  • PARIS, June 13- French state-controlled utility EDF said on Wednesday it had received a strike warning at its 3,600 megawatts capacity Cruas nuclear plant which is expected to last until midnight Saturday. EDF did not give reasons for the strike nor the possible impact on power output. Reactor number 1 was online with output at around 890 MW, while reactor 4 has...

  • PARIS, June 13- European spot electricity prices for day-ahead delivery fell on Wednesday, pressured by forecasts showing an expected dip in demand, and increased power generation from nuclear and solar power sources. *The German over-the-counter baseload contract for Thursday delivery tumbled 6.8 percent, or 3.3 euros to 44.70 euros a megawatt hour.

  • *Asia spot LNG prices at 2018 high. SINGAPORE, June 13- Thermal coal and gas prices have coursed into a bull run, propelled by particularly strong demand across Asia, where electricity consumption is surging thanks to healthy economic growth just as seasonal needs rise with the start of summer. Spot thermal coal cargo prices for export from Australia's Newcastle...

  • WASHINGTON, June 12- All five members of the panel that regulates the U.S. power grid indicated at a Senate hearing on Tuesday there was no emergency in the country's electricity markets, potentially undermining efforts by President Donald Trump's administration to save ailing coal and nuclear plants through subsidies. Kevin McIntyre, the chairman of the...

  • NEW YORK, June 12- Union leaders plan to meet with General Electric Co on Wednesday in a bid to avert closure of a Virginia factory that makes controls for GE's power plants, the company and the union said on Tuesday. The work will be moved to outside vendors and companies in India and China, the union said. The Boston- based industrial conglomerate is under pressure to...

  • "There is no immediate calamity or threat," the Republican chairman of the Federal Energy Regulatory Commission told Congress. The comments before the Senate Energy and Natural Resources Committee contradict a recent White House directive ordering action to keep coal-fired and nuclear power plants open as a matter of national and economic security.

  • The family-owned winery, Signorello Estate, on Napa's Silverado Trail is left in ruins by the Atlas Fire on October 11, 2017 near Napa, California.

    PG&E fell 4 percent on news Cal Fire found the utility at fault for causing several costly wildfires last October.

  • WASHINGTON, June 11- Bailing out nuclear and coal-fired power plants will not toughen the U.S. power grid against cyber attacks as the Trump administration claims, according to cyber experts, because hackers have a wide array of options for hitting electric infrastructure and nuclear facilities that are high-profile targets. The announcement came as the...

  • June 11- Two investors in U.S. utility Sempra Energy including activist hedge fund Elliott Management Corp on Monday urged a board shakeup and strategic review of the company's businesses, sending its shares surging as much as 18 percent. Elliott Management and Bluescape Resources Co disclosed a combined stake of 4.9 percent in Sempra Energy and called the...