Utilities

Texas Energy Industry Evaluates Hurricane Beryl's Damages to Shipping Ports, Oil Production Sector

The Texas energy industry is assessing the damage from Hurricane Beryl after the storm struck the US Gulf Coast.


American Electric Power Names Bill Fehrman as New CEO

American Electric Power has named Bill Fehrman its new chief executive officer...

Texas Daily Power Consumption Hits All-Time High for May Amid Heat Wave

Texas experienced a record-breaking daily power consumption in May due to an ongoing heat wave...

US Water Utilities Targeted by Cyberattacks; EPA Warns Cyberbreaches Becoming More Severe, Frequent

US water utilities are targeted by cyberattacks more frequently. EPA warns that the cyberattacks are becoming more severe as well...


Latest News

Brazil's Vale forms joint venture with power company Cemig, reduces stake in controversial Amazon dam
Vale, the world's leading producer of iron ore, agreed to enter into a joint venture with power company Cemig to run six hydroelectric power plants. Vale also halved its 9% stake in Norte Energia, whi
Costain Group Plc exits holding in three joint ventures to UK water firm Severn Trent
UK engineering solutions provider Costain Group Plc exited its minority stake in three joint ventures to publicly traded water utility Severn Trent Plc to raise investment funds and working capital.
Carlyle, KKR advance in the bidding for Transpacific Industries' waste management unit
US-based private equity firms Carlyle Group and KKR & Co and Australian investment firm Archer Capital have advanced in the sale of Transpacific Industries Group's waste management business. The three
Hungary to buy minority stake in Budapest gas supplier
Hungary-based state-owned utility MVM Zrt announced on Tuesday its plan to purchase a minority stake in natural gas supplier Fogaz Zrt in a deal valued at HUF41 billion ($187.4 million).
Ayala takes a part of Mitsubishi's interest in Manila Water
Philippine conglomerate Ayala Corp has bought 140 million common shares of Mitsubishi Corp's equity in Manila Water Company Inc for PHP2.8 billion, according to an emailed statement.
US Infrastructure gets near-failing grade by civil engineers group
In its latest assessment for the infrastructure in the US, the American Society of Civil Engineers' (ASCE) assessment had given the nation's roads, bridges, rail, drinking water, waste water, solid wa
Hong Kong business magnate Li Ka-Shing's utility trust to raise $5.7 billion in IPO
Power Assets Holdings Ltd. will spin off its subsidiary Hongkong Electric Company Ltd. to HK Electric Investments, a single-investment trust. Power Assets was said to be aiming for a HK Electric Inves
Israel's Arad nears deal to acquire majority stake in Mexican water firm
Israeli water meter developer Arad Group is in advanced talks to buy a 50% stake in a Mexican water-measuring company, a Bloomberg report said. The deal is reportedly worth $10 million and is expected
Ireland picks Britain's Centrica-led consortium for €1.2 billion gas utility sale
The government of Ireland has chosen a consortium led by British energy supplier Centrica PLC to acquire the retail unit of its gas utility Bord Gais Energy. Centrica's group will buy the asset for €1
Finland's Fortum agrees on sale of power distribution business to Suomi Power Networks
The largest utility firm in Finland, Fortum Oyj, would be exiting from its power distribution business in Finland to Suomi Power Networks, Bloomberg said in its report.
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