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Exelon-Pepco merger could create largest U.S. electric utility

(Wed, 21 Oct 2015) The proposed merger of Exelon Corporation and Pepco Holdings Inc. would, if approved, create the largest electric utility holding company in the United States as measured by number of customers. The combined 8.5 million customers served by the new Exelon would surpass the number of customers served by the next-largest utility holding company, Duke Energy, which merged with Progress Energy in 2012

UPDATE 3-Venezuela sees 85 pct inflation this year, 60 pct next

CARACAS, Oct 20 (Reuters) - President Nicolas Maduro's government predicted on Tuesday that Venezuela's inflation, already the world's highest, would be 85 percent in 2015 and 60 percent next year.

UPDATE 2-BHP lifts iron ore output, cuts $200 mln from petroleum unit

* Shaves $200 million off petroleum spending (Adds cost cuts, petroleum output)

UPDATE 1-U.S. lawmakers in deal on extending rail safety deadline -senator

WASHINGTON, Oct 20 (Reuters) - U.S. lawmakers from the House of Representatives and Senate have reached an agreement to extend a Dec.

U.S. lawmakers in deal on extending rail safety deadline -senator

WASHINGTON, Oct 20 (Reuters) - U.S. lawmakers from the House of Representatives and Senate have reached an agreement to extend a Dec. 31 deadline for railroads to implement new safety technology, a leading Republican senator said on Tuesday.

Technip to supply hydrogen reformers for Petronas’s Rapid project in Malaysia

Tecnicas Reunidas has awarded a contract to Technip to supply three hydrogen reformers for the Malaysia’s national oil and gas company, Petroliam Nasional’s (Petronas) Refinery and Petrochemical Integrated Development (Rapid) project located in the state of Johor.

Sinopec completes $1bn Jiangxi refinery expansion program in China

Sinopec has completed $1bn expansion program at a refinery located in Jiangxi province in eastern China.

UPDATE 1-Cheap oil requires companies to better plan in Brazil, ANP says

RIO DE JANEIRO, Oct 20 (Reuters) - Current global oil prices should lead companies operating in Brazil to better plan their field developments, Magda Chambriard, president of oil industry watchdog ANP, said on Tuesday.

UPDATE 1-BHP Sept qtr iron ore output rises 7 pct, guidance intact

* Copper output slips on lower Escondida ore grades (Adds iron ore, copper production data, market details)

U.S. refiners oppose linking subsidies to repeal of oil export ban

WASHINGTON, Oct 20 (Reuters) - The top U.S. oil refiner industry group told Senate Majority Leader Mitch McConnell on Tuesday it opposes any subsidies for renewable energy or other interests that would be potentially included in a package to lift the ban on most exports of domestic oil.

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