More Power Industry Financial News

Preferred bidders picked for new UK nuclear power project

07/31/2015

EDF Energy announced more preferred bidders for construction of the Hinkley Point C nuclear power project in the UK.

Exxon profit falls by half but production rises

07/31/2015

Exxon Mobil Corp. profit dropped by half in the second quarter on sharply lower oil and gas prices around the world, but the company's oil and gas production, which has been generally declining in recent years, surged.

NY to give low-cost electricity to Amazon, Bausch & Lomb

07/31/2015

New York state is giving low-cost electricity to 15 businesses around the state as part of a program to use affordable power as an economic development tool.

07/29 Henry Hub Average Natural Gas Spot Prices

07/30/2015

The Henry Hub is the pricing point for natural gas futures contracts traded on the New York Mercantile Exchange (NYMEX).

Rawle named Graphite Metallizing European Director of Sales

07/30/2015

Graphite Metallizing Corp. named Dennis Rawle as European Director of Sales.

Vegas-area coal plant owners to pay $4.3M to settle lawsuit

07/30/2015

Operators of a coal-fired power plant outside Las Vegas are agreeing to pay $4.3 million to settle a lawsuit and clean up contamination that neighboring Native Americans blame for health problems and water pollution.

07/30 Weekly Coal Production Report

07/30/2015

The U.S. Energy Information Administration has released its U.S. coal production report for the week ending July 25.

Iran says will ban US experts from UN nuclear inspections

07/30/2015

Iran says it will not allow American or Canadian inspectors working for the U.N. nuclear watchdog to visit its nuclear facilities.

Siemens net profit flat after restructuring charges

07/30/2015

Germany's Siemens AG says net profit fell slightly in the most recent quarter as better earnings from sales of medical equipment were offset by slower business at its power and gas division.

Engie agrees on nuclear license extension projects in Belgium

07/30/2015

Engie, formerly known as GDF Suez, reached an agreement with the government of Belgium for license extensions at the Doel 1 and 2 nuclear reactors and for a new nuclear contribution system.

FuelCell, E.ON units to offer decentralized CHP solutions

07/30/2015

FuelCell Energy (Nasdaq: FCEL) announced an agreement with E.ON Connecting Energies GmbH to offer decentralized combined heat and power (CHP) solutions.

EDF to buy majority stake in Areva nuclear reactor business

07/30/2015

France state-owned utility Electricite de France (EDF) agreed to buy a majority stake in the nuclear reactor development unit of Areva valued at 2.7 billion euros ($3 billion).

Report presents case for Wyoming wind power to California

07/30/2015

California regulators could achieve savings in water use, electricity rates and greenhouse emissions by turning to Wyoming wind power to help offset the natural ups and downs of wind and solar power in their state, according to a University of Wyoming report released Monday.

Saber Partners to advise regulators on $1.3B Duke Energy deal

07/29/2015

The Florida Public Service Commission has selected Saber Partners, LLC to advise it on financing transactions arising from a new Florida law. The law authorizes the Commission to allow Florida investor-owned utilities to issue a special type of bond commonly called a “securitization bond” or “rate reduction bond” to recover costs associated with closing nuclear power plants.

PSEG Fossil pursues new gas-fired capacity to replace deactivated Edison units

07/29/2015

PSEG Fossil LLC has proposed a natural gas-fired generating facility located in Edison, New Jersey, under PJM Interconnection Queue Position #AA2-125.

Court orders EPA to redo air-pollution limits in 13 states

07/28/2015

A federal appeals court on Tuesday ordered the Environmental Protection Agency to relax some limits it set on smokestack emissions that cross state lines and taint downwind areas with air pollution from power plants.

First step taken in Fukushima nuclear decommissioning project

07/28/2015

The decommissioning project at the Fukushima Daiichi power plant in Japan begins a crucial stage as workers begin to dismantle protective covers from one of the reactors.

SCE claims $7.57B in damages for SONGS

07/28/2015

Southern California Edison (SCE) and Edison Material Supply LLC (EMS) claimed damages of $7.57 billion in relation to the steam generator replacement at the shut down San Onofre Nuclear Generating Station (SONGS) in California.

Demand response system picked for Canadian utility

07/28/2015

Hydro Ottawa picked Opower (NYSE: OPWR) to develop a demand response solution in collaboration with the Ontario Ministry of Energy.

Eletronuclear CEO arrested on corruption charges

07/28/2015

Eletronuclear confirmed that its chief executive on leave, Othon Luiz Pinheiro da Silva, was arrested as part of a corruption investigation at the utility.