Utilities Electric Utilities

  • FRANKFURT, Feb 18- German spot wholesale power prices fell on Monday as forecasts pointed to a more than doubling of wind power output on Tuesday, overriding the bullish effect of rising demand. *German Tuesday baseload power, at 41.40 euros per megawatt hour, was 11 percent down from the price for Monday delivery. *The equivalent French price was up 1 percent at 48...

  • *Project will turn Mozambique into major gas exporter. LONDON, Feb 15- U.S. independent energy producer Anadarko moved closer to a final investment decision to build a giant liquefied natural gas terminal in Mozambique after signing up an Indian buyer for the gas and saying another deal was imminent. Anadarko and Exxon Mobil are expected to sanction two...

  • *Dunkirk tender seeks to relaunch offshore wind in France. While Britain and Germany have already built 8,200 and 6,400 megawatts of offshore wind capacity- enough to power millions of homes- France does not have a single turbine in the water. Now, France is making a new start, auctioning a modest 600 MW in the northern town of Dunkirk in a tender it hopes will finally...

  • OSLO, Feb 14- Norway's Equinor ASA and a joint venture of Danish Orsted and Eversource Energy have submitted bids to supply offshore wind power to the New York State, the companies said on Thursday. If Equinor wins the bid, it will likely provide the power by developing a wind farm on 80,000 acres south of Long Island it won in a U.S. federal auction in 2016, with a...

  • OSLO, Feb 14- Denmark's Orsted and U.S.-based Eversource Energy have submitted a joint bid to build a wind farm offshore of New York state, the companies said on Thursday. The bid comes in response to New York's first solicitation to procure 800 megawatts of offshore wind power, with the state expected to choose the supplier in spring. Norway's Equinor said...

  • This decision is about economics, "said President and Chief Executive Bill Johnson, who is retiring from the TVA. The 870- megawatt Bull Run coal plant in Tennessee will close by December 2023 and the 971- MW Paradise 3 plant in Kentucky will be shut by December 2020. Johnson told Reuters in December that TVA will keep cutting carbon emissions in future years after...

  • This decision is about economics, "said President and Chief Executive Bill Johnson, who is retiring from the TVA. The 870- megawatt Bull Run coal plant in Tennessee will close by December 2023 and the 971- MW Paradise 3 plant in Kentucky will be shut by December 2020. Johnson told Reuters in December that TVA will keep cutting carbon emissions in future years after...

  • WASHINGTON, Feb 12- U.S. senators from both parties introduced a resolution on Tuesday requiring that any deal to share U.S. nuclear power technology with Saudi Arabia block the kingdom from making a nuclear weapon. Under the measure, any U.S. civilian nuclear cooperation agreement, or 123 agreement, with Saudi Arabia would prevent enrichment of uranium or...

  • JOHANNESBURG, Feb 12- South African power utility Eskom implemented major electricity cuts for a third straight day on Tuesday, as a shortage of generating capacity exposed the frailty of the struggling state-owned firm despite government promises to revive it. President Cyril Ramaphosa is trying to reform Eskom, which supplies more than 90 percent of the...

  • JOHANNESBURG, Feb 12- The rand firmed on Tuesday, supported by rising risk appetite globally and recovering from a sharp selloff in the previous session when it was hit by a sudden escalation of controlled power cuts in South Africa. At 1657 GMT, the rand was 0.36 percent firmer at 13.7550 per dollar, compared to its close of 13.8050 the previous day.

  • *Harmony Gold H1 profit slumps 94 pct. JOHANNESBURG, Feb 12- South African miner Harmony Gold is in talks to build a 30 megawatt solar power plant in the Free State province to supply power to some of its operations to try to reduce power costs and dependence on struggling utility Eskom. Eskom, which produces over 90 percent of South Africa's electricity, is saddled...

  • JOHANNESBURG, Feb 12- South African power utility Eskom implemented major electricity cuts for a third straight day on Tuesday, as a shortage of generating capacity exposed the frailty of the struggling state-owned firm despite government promises to revive it. President Cyril Ramaphosa is trying to reform Eskom, which supplies more than 90 percent of the...

  • JOHANNESBURG, Feb 11- South Africa's Eskom warned of wider controlled power cuts on Monday after six additional generating units unexpectedly went offline, underscoring troubles at the struggling state power utility and sending the rand currency lower. Public Enterprises Minister Pravin Gordhan would meet executives of the company over the crisis, an...

  • SAO PAULO, Feb 8- Brazilian power company Cia Energética de Minas Gerais, or Cemig, on Friday named Cledorvino Belini as its chief executive, replacing Bernardo Alvarenga, the company said in a securities filing. Cemig is controlled by Minas Gerais state, governed since January by a market-friendly party known as Novo, representing a political U-turn from its...

  • SYDNEY, AUSTRALIA - JANUARY 19: A young woman lays in the sun at Bondi Beach on January 19, 2019 in Sydney, Australia.

    Power outages hit around 45,000 homes across Sydney's upmarket eastern suburbs on Thursday as a forecast 40 degrees Celsius (104 degrees Fahrenheit) heatwave hit the harborside city.

  • CEO of electric utility AEP talks 2018 success, moving into electric car space

    Jim Cramer checks in with American Electric Power Chairman, President and CEO Nick Akins to get the latest on the electric utility giant's business.

  • Jim Cramer on "Mad Money."

    Jim Cramer explains why the Federal Reserve's new approach is about much more than just stock prices.

  • DUESSELDORF, Germany, Jan 30- Municipal shareholders in RWE have called on Germany's biggest power producer to drive a hard bargain in talks with the government over compensation for a planned phase-out of coal-fired power plants. A government-appointed commission has proposed Germany shut down all of its coal power stations by 2038 at the latest,...

  • The combined unit will have about 40,000 employees and annual revenue of about $16 billion, GE spokesman Jim Healy said in an interview, compared with $10.2 billion for renewable energy last year. GE's units handling electrical transmission and distribution grids, battery storage and solar inverters and controls had been in GE's Power business, which is...

  • Jan 30- General Electric Co on Wednesday said it would consolidate its renewable and grid assets into a single business.