Aug 26, 2016

Electricity to be restored on Sakhalin Island after three-day outage

Residents on the Russian island of Sakhalin face restored electricity supplies on Saturday, three days after an outage plunged most of the island into darkness. A power transmission line failed in the early hours on Wednesday, leaving 12 districts without electricity, including the towns ...

Shareholders urge Japan's utilities to end nuclear power generation

Jun 28, 2016

Shareholders urge Japan's utilities to end nuclear power generation

Shareholders urged nine power companies Tuesday to end nuclear power generation, reflecting safety concerns lingering since the 2011 Fukushima disaster. However, the proposals were turned down at the firms’ shareholders meetings. The companies, including Tokyo Electric Power Company Holdings Inc., operator of the crippled ...

May 31, 2016

Germany readying law on nuclear waste storage costs

The German Cabinet plans to approve a draft law on Aug. 3 that will require its utilities to pay billions of euros into a state fund to help cover the cost of nuclear storage, according to an Economy Ministry timetable seen by Reuters on ...

May 6, 2016

Never-completed TVA nuclear plant that cost $4 billion for sale

America’s largest public utility is selling a never-completed nuclear plant that has cost more than $4 billion dollars over the past four decades. The Tennessee Valley Authority board voted Thursday to declare the Bellefonte nuclear plant near Hollywood, Alabama, surplus. The site includes two ...

Trading houses eye slice of Japan's liberalized electricity market pie

Apr 27, 2016

Trading houses eye slice of Japan's liberalized electricity market pie

Major trading houses are strengthening their electricity businesses to take advantage of growing overseas demand and the liberalization of power retailing in Japan that started this month, industry officials say. Sumitomo Corp. has revised down its consolidated net profit estimate for the year that ...

Apr 21, 2016

Venezuela to ration electricity in power crisis

Recession-racked Venezuela is to ration electricity in 10 of its most populous and industrialized states, including metropolitan Caracas, the socialist government said Wednesday. It is the latest drastic measure to alleviate a severe electricity crisis that President Nicolas Maduro and his government blame on ...

Electricity market shake-up mainly benefiting Tokyo and Kansai

Apr 7, 2016

Electricity market shake-up mainly benefiting Tokyo and Kansai

Liberalization of the retail electricity market is underway, but there are concerns over whether its benefits can be shared across the country. On April 1, regional electric power companies lost the monopolies on household supply held since 1951. Gradual market liberalization started in 2000, ...