Aug 10- The formerly staid, predictable world of utilities investing faces a revolution as the price of solar and wind energy plunges, creating new winners and losers. Average whole life project costs for large wind and solar generation in the United States are now less than for coal or nuclear and about the same as natural gas, according to a study of tax...
JACKSON, Miss.— A fired engineer at a now-aborted Mississippi Power Co. plant sued the utility's parent company Tuesday, saying an order to reinstate him is being ignored. Wingo says in the suit that he tried to tell executives with Atlanta- based Southern Co. that construction at the Kemper County power plant wouldn't meet deadlines promised to investors.
A unit of SCANA Corp and state-owned Santee Cooper said on Monday they would abandon the twin-reactor project known as V.C. Summer. The utilities blamed the bankruptcy of project's contractor, Toshiba Corp's Westinghouse Electric Co, which said in March it could not afford to finish the fixed-price contract for V.C. Summer or a similar project in Georgia known...
The average price of a gallon of regular-grade gasoline fell about a penny nationally over the past two weeks, to $2.31.
Global demand for electric vehicles will surge during the next few decades, but gasoline is probably not going away soon, said a new research note from Morgan Stanley analyst Adam Jonas.
SAO PAULO, May 30- A Brazilian court ordered state-controlled oil firm Petróleo Brasileiro SA to sell natural gas to Centrais Elétricas Brasileiras SA despite the power utility's billionaire debt with the oil company. Eletrobras, as the state-controlled utility is known, plans to use the gas to begin testing a thermal power station under construction in...
Total operating expenses in the electric utilities and infrastructure segment fell 3.2 percent to $3.72 billion in the first quarter ended March 31, due to reduced storm restoration costs, the company said. Net income attributable to Duke Energy was $716 million, or $1.02 per share, in the quarter, from $694 million, or $1.01 per share, a year earlier.
*Some EU nations wary of deal-making with Russia. RIGA/ BRUSSELS, April 7- Some big utilities in eastern Europe are backing a proposed EU antitrust settlement with Russian state gas exporter Gazprom, increasing the chances of a deal that is opposed by countries striving to loosen the Kremlin's grip over their energy sectors. Many of the countries involved- once in...
When President Donald Trump signed an executive order last week to sweep away Obama-era climate change regulations, he said it would end America's "war on coal."
WASHINGTON/ LOS ANGELES/ NEW YORK, April 5- When President Donald Trump signed an executive order last week to sweep away Obama-era climate change regulations, he said it would end America's "war on coal," usher in a new era of energy production and put miners back to work. Reuters surveyed 32 utilities with operations in the 26 states that sued former President...
March 29- In the last four years, North Carolina has become the second largest solar market in the United States, behind only California. It has installed more solar energy than Texas, which has nearly three times the population; more than Arizona, which has twice as many sunny days; and more than New York, which has far more aggressive renewable energy targets.
*Plans to hire 10 staff in Singapore, Europe, Houston. The utility company's trading arm plans to hire 10 people in Singapore, Europe and Houston to move growing LPG supplies from the United States to other parts of the world, Engie Energy Management's CEO Eric Simon told Reuters. The United States has become the top exporter of LPG, already sending record volumes to...
Royal Dutch Shell posted its worst annual profit in more than a decade.
Greg Gordon, Evercore ISI, talks about the poor performance in utilities after the election as well as where he sees opportunities in the sector and what to avoid.
Italy's upcoming referendum could catalyze repercussions Europe-wide, according to the chief executive of Italy's biggest utility.
The storm's potential in Florida to disrupt gasoline supply is prompting many to find gas stations are out of fuel.
Shares of Praxair jumped Tuesday after confirmation the U.S. firm was in talks for a potential merger with German industrial gases group Linde.
Industrial gas supplier Praxair is in early talks to merge with Germany's Linde, according to a person familiar with the matter.
Pacific Gas & Electric was found guilty of federal charges stemming from a natural gas pipeline explosion in California that killed eight people.
Volkswagen's stocks popped nearly 3 percent after a proposed recall plan was rejected by California regulators.