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UPDATE 1-EU regulators clear Shell's takeover of BG Group

LONDON, Sept 2 (Reuters) - Royal Dutch Shell gained EU approval on Wednesday for its $70 billion acquisition of Britain's BG Group, the second of four key markets needed to clear the deal.

UPDATE 2-Germany deals blow to E.ON spin-off with draft law

* E.ON shares fall more than 2 percent (Adds E.ON comment, details from draft)

UPDATE 1-Kazakh c.bank introduces new key rate, sets it at 12 pct

ALMATY, Sept 2 (Reuters) - Kazakhstan's central bank announced a new benchmark interest rate on Wednesday and set it at 12 pct with immediate effect, presenting it as the main monetary policy tool to target inflation after the currency was freely-floated.

Drax, Infinis take UK government to court over lost tax exemption

LONDON, Sept 2 (Reuters) - Power producers Drax and Infinis Energy have started legal proceedings against the British government for not providing enough notice when it announced the removal of a climate change tax exemption in July.

Hitachi Plans to Add Production Line for Offshore Wind Parts

Hitachi Ltd. plans to expand its reach into the market for offshore wind projects by adding a production line to make the parts of a turbine that house key components such as the gear box and generators used in some of the largest wind-generation systems currently available.

UPDATE 1-S.Africa may expand nuclear power to cut reliance on coal

* South Africa facing electricity crunch (Adds government comment)

COLUMN-Oil market takes a walk on the wild side (again): Kemp

LONDON, Sept 2 (Reuters) - Crude oil prices have been on a rollercoaster over the last four trading sessions that has seen some of the highest volatility in a quarter of a century.

Lithuanian Net Metering Hits Snag from Outset

The much anticipated net metering in Lithuania has hit a major snag from the very start – the introduced network operator service fee of 0.031 euros ($0.035) per 1 kWh is too high and can snuff out any solar gleam.

UPDATE 1-BG says European Commission signs off on Shell bid

Sept 2 (Reuters) - BG Group Plc said the European Union's antitrust regulators had approved Royal Dutch Shell Plc's $70 billion takeover bid for the oil and gas producer.

Colorado PUC Orders No Changes to Solar Net Metering

In what is being lauded as a “fair outcome” for consumers, utilities and the solar industry alike, the Colorado Public Utilities Commission (PUC) last week voted that no changes will be made to the state’s net metering policy, which currently reimburses solar customers at the retail rate of 10.5 cents per kilowatt hour.

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