Utilities

Biden Administration to Provide $1.5 Billion Loan to Reopen Michigan Nuclear Power Plant, a First in the US

Officials in southwestern Michigan has announced that a nuclear power plant will be revived with a $1.5 billion loan from the Biden administration.


Godfreys: Leading Australian Vacuum Retailer Set to Close Doors for Good in May

Godfreys will permanently close stores after administrators failed to secure a buyer for the financially troubled company...

Texas' Largest Wildfire Caused by Power Line Ignition, Authorities Confirm

Xcel Energy admitted that its power lines ignited the Smokehouse Creek fire in the Texas Panhandle but denied negligence in infrastructure maintenance and operation...

Type One Energy to Transform Tennessee Coal Plant Into a Fusion Reactor

Type One Energy has unveiled its plan to repurpose the retired Bull Run Fossil Plant in Oak Ridge, Tennessee, into a prototype fusion reactor site...


Latest News

Singaporean state fund GIC Pte invests in Brazilian sewage and water treatment plant
A BRL 300 million investment would be done GIC Pte in Aegea Saneamento e Participacoes SA.
Eni to exit stake in German gas networks - report
German newspaper Stuttgarter Zeitung said on Wednesday that utility company EnBW would be buying Italian energy company Eni's stake in the German natural gas transmission networks they co-owned.
EDF nears Citelum acquisition amidst ownership dispute of its owner
Despite an ownership dispute, Electricite de France (EDF) said it was in exclusive discussions with Dalkia France for the purchase of urban lighting firm Citelum.
Nigerian President gives control of power firms to private companies
Nigerian President Goodluck Jonathan handed control of 14 power companies formerly owned by the state to private investors.
Goldman Sachs Group, Danish pension funds nears close of Dong Energy stake acquisition- source
A source told Bloomberg that a unit of Goldman Sachs and two Denmark-based pension funds were close to purchasing a stake in Denmark utility Dong Energy.
India receives ADB loan for energy and utilities projects
The Asian Development Bank had allotted two loans for renewable energy and utilities projects in both eastern and western India.
News of Gazprom divesting shares leads to rise of Amber Grid
Investors welcomed the news that Gazprom would be divesting itself of the 37% stake it holds in Lithuania's Amber Grid.
RWE divesting assets and cutting back on labor force
In a bid to cut overall costs, RWE had laid out plans to sell off assets to financial investors as well as cut down on its employee headcount.
Crescent Real Estate Holdings exits properties to ride the real estate market rebound
Crescent Real Estate Holdings sold the properties it had bought in 2009 to ride the real estate market recovery.
New power suppliers nips at Japan's big regional utilities- report
A Reuters report revealed that new independent power supplies in Japan were giving large monopolies a run for their money.
Real Time Analytics