Energy Update

You are here

LONDON, Sept 22 (Reuters) - Container shipping lines are poised to take delivery of a new generation of "megaships" over the next two years, just as the growth of world trade is slowing down, contributing to massive overcapacity in the market.

NRG Energy Inc., the worst-performing member of the S&P 500 Utilities Index this year, said it will form a renewable energy unit and sell wind assets to its existing yield-focused business.

PARIS, Sept 22 (Reuters) - Delays and cost overruns at two nuclear reactors under construction in France and Finland have made potential investors wary of joining a consortium led by France's EDF for a similar project in Britain, EDF's chief executive said.

At the end of August, in a surprise decision; Idaho's PUC ruled in favor of Idaho's investor-owned utilities, and new contracts will be for two years only.

BOSTON/NEW YORK, Sept 22 (Reuters) - A group of shareholders is looking to strip Bank of America Corp Chief Executive Brian Moynihan of his chairman title on Tuesday in an investor vote and whether they fail or succeed, they have notched a victory just by getting the bank to hold a special meeting on the matter.

WILLISTON, N.D., Sept 22 (Reuters) - North Dakota's oil boom gets the Hollywood soap opera treatment in ABC's "Blood & Oil," which explores the insatiable lust for money and opportunity that defined the tens of thousands who built the state into an energy giant and rival to OPEC members.

PARIS, Sept 22 (Reuters) - Delays and cost overruns at two nuclear reactors under construction in France and Finland have made potential investors wary of joining a consortium led by France's EDF for a similar project in Britain, EDF's chief executive said.

** UK capital goods stocks on the backfoot, amongst the top FTSE-250 midcap fallers after Jefferies downgrade

** Shares in UK-listed mining cos Anglo-American and Glencore down more than 8 pct, among top losers on the FTSE 100 as well as across top European stocks.

PARIS, Sept 22 (Reuters) - French state-controlled utility EDF wants to expand into renewable energy beyond Europe, Chief Executive Jean-Bernard Levy told financial daily Les Echos in an interview published on Tuesday.

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.