Latest news on ‘Utilities’
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Hydro Secures Bauxite Supply for 100 Years in $4.9 Billion Deal
(Bloomberg) – Norsk Hydro ASA, Europe’s third- largest aluminum maker, agreed to buy mining assets from Vale SA for $4.9 billion, securing a century’s worth of bauxite supplies and making [...]
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Big options bets made ahead of Mirant-RRI deal
NEW YORK (Reuters) – Recent options activity on shares of Mirant Corp (MIR.N) suggests traders were anticipating a substantial move in the stock prior to the announcement that Mirant would [...]
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Entergy Cancels Spinoff of Plants
FOXBusiness – Regulatory setbacks caused nuclear power company Entergy Corp. (ETR: 81.55, -0.71, -0.86%) to cancel a spin-off of several power plants, the company said Monday.
Entergy said that efforts put [...] -
Fort Chicago to pay US$80 million for hydroelectric plant in New York State
CALGARY – Fort Chicago Energy Partners LP (TSX:FCE.UN) announced Monday that it plans to acquire a 33-megawatt hydro-electric power generation plant in upstate New York, just south of Lake Ontario, [...]
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China announce plans to boost energy efficiency
BEIJING (AP) – China says it is aiming for a big boost in energy efficiency by cutting carbon dioxide emissions per unit of gross domestic product by up to 45 [...]
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China’s State Grid Enters Utility Storage Market
SHANGHAI (Dow Jones) – China’s State Grid Corp. said last week that it had developed its own sodium-sulfur battery for large-scale energy storage applications, marking the entry into that market [...]
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Drop in energy use upends early advance in stocks
By TIM PARADIS and IEVA M. AUGSTUMS (AP)
NEW YORK — A drop in energy stocks is dragging the market lower following a government report that consumers and businesses are trimming [...] -
Florida Utility Company to Pay $25 Million for Blackout
By MATTHEW L. WALD
WASHINGTON — A Florida utility has agreed to pay a record $25 million penalty for causing a blackout that left nearly a million customers in the dark [...] -
Utilities Make Big Bets on Electric Vehicles
Duke Energy Corp. and FPL Group Inc., two of the nation’s largest electric utilities, said today they will transition their entire automobile fleets to plug-in hybrid and full-electric vehicles.
The joint [...] -
Analyst: GE’s strong cash flow can help rebuild capital base
NEW YORK (AP) — General Electric Co.’s core industrial businesses are generating enough cash flow to pay off debt and rebuild the conglomerate’s capital base, an analyst said Monday.
Morgan Stanley [...]
