Energy Update

You are here

Home » Global Read

Cutting Carbon with Wind, Solar ‘A Good Business Plan,’ Major US Utility Says

Xcel Energy recently said it plans to call for $6 billion in wind and solar energy investment as part of what it says will be Minnesota’s most cost-effective way to comply with the Clean Power Plan, the nation’s first ever carbon emission reduction rule for existing power plants.

UPDATE 2-SolarCity misses targets again, stock slides 30 pct

* Stock price down 48 pct so far this year (Adds financial details, CEO and analyst comments)

UPDATE 1-Australia's AGL Energy fast-tracks renewables with U.S. investment

* H1 net loss A$449 mln vs A$308 mln net profit previous year

S&P cuts ratings of four U.S. regional banks

Feb 9 (Reuters) - Standard and Poor's Ratings Services has cut its credit ratings by one notch on four U.S. regional banks with large energy portfolios, citing a deterioration in the banks' asset quality over the past year.

Oil traders rush for options to protect against crude gyrations

NEW YORK, Feb 9 (Reuters) - Oil traders have scrambled to scoop up options as additional protection against wild swings in prices, sending a key index to its highest level since the worst of the global economic crisis in 2008, data shows.

Australia's AGL Energy posts loss after writing off gas business

SYDNEY, Feb 10 (Reuters) - Australia's second-largest energy retailer AGL Energy Ltd on Wednesday reported a statutory loss after tax of A$449 million ($317 million) after writing down the value of its gas exploration and production business.

U.S. looks to shore up allies' support to battle Islamic State

BRUSSELS, Feb 9 (Reuters) - The United States said on Tuesday it hoped allies demonstrate a willingness to ramp up their contributions to the fight against Islamic State and to deterring Russia in eastern Europe during high-level defense talks in Brussels this week.

UPDATE 1-Chesapeake Energy woes cast shadow on U.S. pipeline companies

NEW YORK, Feb 9 (Reuters) - U.S. oil and gas pipeline companies including Williams Companies Inc and Kinder Morgan Inc have contracts worth billions of dollars that might be at risk as Chesapeake Energy Corp aims to slash its debts amid collapsing energy prices.

UPDATE 1-Iraqi PM calls for major cabinet reshuffle

BAGHDAD, Feb 9 (Reuters) - Iraqi Prime Minister Haider al-Abadi said on Tuesday he would reshuffle his cabinet to replace ministers appointed on the basis of political affiliations with technocrats.

SolarCity posts profit as panel installations rise

Feb 9 (Reuters) - Residential solar panel installer SolarCity Corp reported a quarterly profit, compared with a loss a year earlier, driven by higher panel installations.

Pages

GET IN TOUCH

  • 1875 I Street NW, International Square, 
       Washington, District Of Columbia, 20006
  • Phone: +1 (888) 317-3839
  • Email: info@mglllc.com

About

Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.

Photos