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Electric Utilities

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Skånska Energi Q1 Operating Profit Up At SEK 19.4 Million

Thursday, 23 May 2019

May 23 (Reuters) - Skanska Energi AB ::Q1 OPERATING PROFIT SEK 19.4 MILLION VERSUS SEK 17.8 MILLION YEAR AGO.Q1 REVENUE SEK 116.1 MILLION VERSUS SEK 106.7 MILLION YEAR AGO.

As Paradise Rebuild Begins, PG&E Commits to Underground Power Lines

Thursday, 23 May 2019

May 22 (Reuters) - PG&E Corp ::AS PARADISE REBUILD BEGINS, PG&E COMMITS TO UNDERGROUND POWER LINES.SAYS WILL PUT ALL ELECTRIC DISTRIBUTION POWER LINES UNDERGROUND IN TOWN OF PARADISE AND SOME OF SURROUNDING AREAS.DUE TO AMOUNT OF ENGINEERING, DESIGN AND CONSTRUCTION, UNDERGROUND REBUILD WILL OCCUR OVER FIVE YEARS.TRANSMISSION LINES IN PARADISE WILL NOT BE PART OF PROJECT AS THESE LINES WERE NOT DAMAGED IN FIRE.PG&E IS STILL REFINING COST ESTIMATES FOR UNDERGROUNDING PROJECT.

Uniper Is Far From Being In A Normal Situation Regarding Fortum - Chairman

Wednesday, 22 May 2019

May 22 (Reuters) - Uniper ::SUPERVISORY BOARD CHIEF SAYS UNIPER IS FAR FROM BEING IN A NORMAL SITUATION REGARDING FORTUM <<>>.SUPERVISORY BOARD CHIEF SAYS FORTUM HAS REPEATEDLY URGED UNIPER MANAGEMENT TO CLEAR HURDLES IN RUSSIA.CHAIRMAN SAYS HE REJECTS IDEA OF APPOINTING A SPECIAL AUDITOR, RECOMMENDS REJECTING THIS MOTION - AGM.CHAIRMAN SAYS AGM MOTIONS ON DOMINATION AGREEMENT WITH FORTUM, ON SPLIT FROM INTENTIONAL POWER GENERATION BUSINESSES AND ON DIVESTITURE OF EUROPEAN POWER GENERATION BUSINESS IN SWEDEN HAVE BEEN CANCELED - AGM.

Federal Grid Company Q1 Profit For Period Up At RUB 27.4‍​ Bln

Wednesday, 22 May 2019

May 22 (Reuters) - FSK YeES PAO ::Q1 PROFIT FOR PERIOD RUB 27.4‍​ BILLION VERSUS RUB 20.3 BILLION YEAR AGO.Q1 REVENUE RUB 57.5 BILLION VERSUS RUB 60.7 BILLION YEAR AGO.Q1 ADJUSTED EBITDA RUB 36.9 BILLION VERSUS RUB 35.2 BILLION YEAR AGO.Q1 ADJUSTED PROFIT FOR PERIOD RUB 20.3 BILLION.

SSE Appoints Katie Bickerstaffe Executive Chair Of SSE Energy Services

Wednesday, 22 May 2019

May 22 (Reuters) - SSE PLC ::SSE PLC - SSE PLC APPOINTS KATIE BICKERSTAFFE AS EXECUTIVE CHAIR OF SSE ENERGY SERVICES.SSE PLC - GORDON BOYD APPOINTED INTERIM CHIEF FINANCIAL OFFICER.SSE PLC - STEPHEN FORBES AND TONY KEELING TO JOIN BOARD AND EXECUTIVE COMMITTEE AS MANAGING DIRECTORS.SSE PLC - FURTHER POSITIVE DISCUSSIONS HELD WITH THIRD PARTIES ON PROVISION OF COLLATERAL AND TRADING SERVICES TO SSE ENERGY SERVICES.SSE PLC - SSE CONTINUING PROGRESS TOWARDS A LISTING OR NEW, ALTERNATIVE OWNERSHIP BY SECOND HALF OF 2020.SSE PLC - KATIE BICKERSTAFFE WILL TAKE UP NEW ROLE ON 23 JUNE 2019 ALONGSIDE GORDON BOYD, WHO JOINS AS INTERIM CHIEF FINANCIAL OFFICER.SSE PLC - REPORTED A REDUCTION IN PROFIT DUE TO ITS DECISION TO ABSORB SOME OF IMPACT OF HIGHER WHOLESALE PRICES FOR CUSTOMERS IN 2018.SSE PLC - SSE ENERGY SERVICES REPORTED A REDUCTION IN PROFIT IN EFFECT OF DEFAULT TARIFF CAP FROM JAN TO MARCH 2019, AND LOWER CUSTOMER NUMBERS.

SSE Says Process For Identifying New Chair Will Get Under Way In Course Of 2019

Wednesday, 22 May 2019

May 22 (Reuters) - SSE PLC ::SSE PLC - BOARD OF SSE PLC.SSE PLC - RICHARD SHOULD CHAIR BOARD FOR A FURTHER PERIOD, ENDING NO LATER THAN 31 MARCH 2021, WHEN RIIO2 PRICE CONTROL PROCESS WILL HAVE CONCLUDED.SSE PLC - RICHARD HAS AGREED TO CHAIR BOARD FOR A FURTHER PERIOD SUBJECT TO BEING RE-ELECTED TO BOARD AT COMPANY'S AGM.SSE PLC - PROCESS FOR IDENTIFYING NEW CHAIR WILL GET UNDER WAY IN COURSE OF THIS YEAR.

SSE Says Nationalisation Would Most Likely "Jeopardise" Some Wider Energy Policy Goals

Wednesday, 22 May 2019

May 22 (Reuters) - SSE PLC ::FY ADJUSTED PRETAX PROFIT FELL 38 PERCENT TO 725.7 MILLION STG.FINAL DIVIDEND OF 68.2 PENCE, MAKING FULL-YEAR DIVIDEND OF 97.5 PENCE, IN LINE WITH FIVE-YEAR DIVIDEND PLAN.FINAL DIVIDEND OF 68.2 PENCE, MAKING FULL-YEAR DIVIDEND OF 97.5 PENCE IN FY.FY REPORTED PROFIT BEFORE TAX OF £1,370.6M, UP 59%.FY ADJUSTED EARNINGS PER SHARE OF 67.1 PENCE, DOWN 32%.INTENTION TO RECOMMEND A FULL-YEAR DIVIDEND OF 80 PENCE PER SHARE FOR 2019/20.SEES 2019/20 ADJUSTED INVESTMENT AND CAPITAL EXPENDITURE EXPECTED TO BE AROUND £1.5BN.SSE - SEES FY ADJUSTED OPERATING PROFIT IMPROVING BUT LIKELY TO BE IMPACTED BY EXPECTED PHASING OF PROFITS IN REGULATED ELECTRICITY NETWORKS.FY REVENUE FROM CONTINUING OPERATIONS 7,331.6 MILLION STG VERSUS 27,250.4 MILLION STG LAST YEAR.SEES 2019/20 ADJUSTED OPERATING PROFIT ALSO IMPACTED BY RENEWABLE OUTPUT FOR 19/20 BEING HEDGED AT LESS THAN CURRENT MARKET PRICES.SSE - ENERGY SECTOR AS A WHOLE REMAINS UNDER SIGNIFICANT SCRUTINY, INCLUDING FROM LABOUR PARTY, WHICH ADVOCATES NATIONALISATION OF ENERGY NETWORKS.THERE IS A HUGE DEGREE OF UNCERTAINTY, INCLUDING: UNCERTAINTY ABOUT WHAT FINAL FORM OF LABOUR'S POLICY WILL BE IN A GENERAL ELECTION.ADJUSTED INVESTMENT AND CAPITAL EXPENDITURE EXPECTED TO BE AROUND £1.5BN FOR 2019/20.MAINTAINS AN OPEN DIALOGUE WITH LABOUR PARTY'S REPRESENTATIVES, TO BETTER UNDERSTAND ITS PROPOSALS.

ACCC Says APLNG’S Acquisition Of Origin’S Ironbark Project Not Opposed

Wednesday, 22 May 2019

May 22 (Reuters) - 0386.HK <0386.HK>::APLNG’S ACQUISITION OF ORIGIN’S IRONBARK PROJECT NOT OPPOSED.

Brazil's Cemig Authorized By Regulator To Raise Tariffs By 8.7% In Average- Aneel

Tuesday, 21 May 2019

May 21 (Reuters) - Companhia Energetica de Minas Gerais CEMIG ::BRAZIL'S CEMIG AUTHORIZED BY REGULATOR TO RAISE TARIFFS BY 8.7%- ANEEL.BRAZIL'S CEMIG INDUSTRIAL CLIENTS WILL HAVE RISE OF 10.7% IN TARIFFS- ANEEL.BRAZIL'S CEMIG RESIDENTIAL CLIENTS WILL HAVE 7.89% TARIFF HIKE- ANEEL.

EDP And Engie To Create 50/50 JV In Offshore Wind

Tuesday, 21 May 2019

May 21 (Reuters) - ENGIE SA ::EDP AND ENGIE JOIN FORCES TO CREATE A LEADING GLOBAL OFFSHORE WIND PLAYER.SIGNING OF STRATEGIC MOU TO CREATE A CO-CONTROLLED 50/50 JOINT-VENTURE (JV) IN FIXED AND FLOATING OFFSHORE WIND PLAYER.ENTITY WILL BE EXCLUSIVE VEHICLE OF INVESTMENT OF EDP, THROUGH ITS SUBSIDIARY EDPR, AND ENGIE FOR OFFSHORE WIND OPPORTUNITIES WORLDWIDE.EDP AND ENGIE, WILL COMBINE THEIR OFFSHORE WIND ASSETS AND PROJECT PIPELINE IN THE NEWLY-CREATED JV.TARGET OF REACHING 5 TO 7 GW OF PROJECTS IN OPERATION OR CONSTRUCTION AND 5 TO 10 GW3 UNDER ADVANCED DEVELOPMENT BY 2025.

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