Utilities

Enerplus Misses Q1 2024 Profit Targets While Processing Acquisition by Chord

Canadian oil and energy company Enerplus reported an 18.6% revenue loss for its Q1 2024 report compared to figures at the same period last year.


Millions of Americans Exposed to Gas Stoves Face Higher Risk of Breathing More Unhealthy Nitrogen Dioxide: Study

A recent study on air pollution in American households revealed that those using gas or propane stoves are exposed to consistently high levels of nitrogen dioxide, which can be detrimental to their he..

Icons: Airbnb Launches Hollywood-Theme Houses Inspired From ‘Up,’ ‘X-Men 97’ Mansion

Airbnb is expanding its reach into the world of entertainment, specifically film and television, through its latest venture called Icons...

British Gas Yet to Compensate Customers Affected by Forced Prepayment Meter Installations

UK Energy Secretary Claire Coutinho criticizes slow and insufficient compensation payouts for forced prepayment meters, amid revelations that only 1,500 out of 150,000 cases are receiving redress...


Latest News

Sweden's Vattenfall Europe AG to divest 74.9% stake in power grid back to Hamburg- report
Vattenfall Europe AG will be selling back to Hamburg the 74.9% stake it holds in the city's power grid operator after the citizens agreed on a repurchase, a Bloomberg report said.
Black Hills Corp to acquire Wyoming gas utility assets in $6M deal
South Dakota, US-based energy firm Black Hills Corp inked a deal to acquire gas utility MGTC's gas transmission and distribution utility assets in northeastern Wyoming in a deal valued at $6 million.
Australia's NSW government down to three bidders for Macquarie Generation
Chinese conglomerate Shenhua has dropped out from the bid for New South Wales (NSW) power generator Macquarie Generation (MacGen), leaving only three bidders, according to a report.
Singapore's New Asia Investments backs Vietnam water treatment facility
Singapore-based fund New Asia Investments invested an undisclosed amount to complete a new waste water treatment facility in Vietnam through its portfolio holding, GD Wasser.
Czech conglomerate CEZ Group may sign $10B Temelin nuclear plant expansion deal in 2015
CEZ Group, a utility conglomerate based in Prague, could ink a $10 billion deal to expand the Temelin nuclear power plant some time in the second quarter of 2015. CEZ is in talks with US' Westinghouse
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.
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