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Chubu Electric Power Co Inc (9502.T)

9502.T on Tokyo Stock Exchange

1,656JPY
21 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Japan's JERA lowers 2025/26 profit outlook
Wednesday, 28 Mar 2018 

March 28 (Reuters) - :JERA Co, the world's biggest liquefied natural gas (LNG) buyer, says it has lowered the net profit outlook for fuel sales and overseas power generation by 80 billion yen to 140 billion yen ($1.33 billion).The main reason for the revision reflects a projected severe environment for overseas fossil fuel-fired power business because of a decline in renewable power prices, the fuel joint venture between Tokyo Electric Power <<<9501.T>>> and Chubu Electric Power <<<9502.T>>>, says.Co says it projects a total net profit forecast of 200 billion yen in 2025/26, including a 60 billion yen profit expected from the integration of its parents' domestic fossil fuel power business in April 2019.JERA says it expects no change in annual LNG trading volumes of 35 million tonnes in 2025/26.Co says it expects to be trading around 50 million tonnes of coal a year in 2025/26 and possibly as high as 55 million tonnes in the late 2020s, up from 34 million tonnes now, following its acquisition of the coal and freight business of French utility EDF's <<>> trading arm last year.  Full Article

Japan's Top Utility Companies To Set Up National Supplementary Power Capacity Market - Nikkei
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Nikkei: :TOKYO ELECTRIC POWER, KANSAI ELECTRIC POWER, CHUBU ELECTRIC POWER, HOKURIKU ELECTRIC POWER AIM TO CREATE MARKETPLACE FOR SUPPLEMENTARY POWER - NIKKEI.JAPAN'S UTILITY COMPANIES AIM TO LAUNCH MARKET FOR SUPPLEMENTARY POWER DURING FISCAL YEAR STARTING APRIL 2020‍​ - NIKKEI.  Full Article

Tepco, Chubu Electric Power get approval to consolidate fossil-fuel power businesses - Nikkei
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Nikkei::Tepco, Chubu Electric Power get approval from Japan Fair Trade Commission to consolidate their fossil-fuel power businesses into 1 operation - Nikkei.Tepco, Chubu Electric Power plan to transfer operations in first half of fiscal 2019 to their 50-50 JV known as JERA- Nikkei.Tepco, Chubu Electric Power expect merger to generate annual 100 billion yen or more in cost savings and other benefits during first five years - Nikkei‍​.  Full Article

Japan's JERA to buy stake in gas-fired U.S. power project
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Japan's JERA Co, a fuel joint venture between Tokyo Electric Power <9501.T> and Chubu Electric Power <9502.T> ::JERA says to acquire a 50 percent stake in Linden Cogen Holdings LLC, the owner of a 972-megawatt gas-fired power cogeneration complex in the State of New Jersey .JERA says to acquire the interest from funds managed by Oaktree Capital Management L.P. and Ares Management L.P. and their respective co-investors through its wholly-owned subsidiary JERA Power U.S.A..Further company coverage: 9501.T9502.T.  Full Article

Tepco and Chubu Electric together will take 10 pct stake in ReNew Power - Nikkei
Monday, 13 Feb 2017 

Nikkei: Tokyo Electric Power Co. Holdings and Chubu Electric Power together will take a 10% stake in ReNew Power - Nikkei .Tepco and Chubu's 50-50 JV, Jera, will obtain newly issued shares in ReNew Power by March via a subsidiary for an estimated $200 million - Nikkei.  Full Article

Tokyo Electric, Chubu Electric Power looking to buy Electricite de France's coal-trading business-Nikkei<9501.T><9502.T>
Thursday, 18 Aug 2016 

Nikkei: Tokyo Electric Power Co and Chubu Electric Power looking to acquire Electricite de France's coal-trading business- Nikkei . Tokyo Electric Power and Chubu Electric Power's Jv Jera to start negotiations on possible deal with edf's London unit EDF Trading- Nikkei .  Full Article

BRIEF-Japan's JERA lowers 2025/26 profit outlook

* JERA Co, the world's biggest liquefied natural gas (LNG) buyer, says it has lowered the net profit outlook for fuel sales and overseas power generation by 80 billion yen to 140 billion yen ($1.33 billion)