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Chubu Electric Power Co Inc (9502.T)

9502.T on Tokyo Stock Exchange

1,649JPY
14 Nov 2018
Change (% chg)

¥58 (+3.65%)
Prev Close
¥1,591
Open
¥1,592
Day's High
¥1,656
Day's Low
¥1,592
Volume
1,616,700
Avg. Vol
1,531,866
52-wk High
¥1,822
52-wk Low
¥1,289

Latest Key Developments (Source: Significant Developments)

Es-con Japan forms business and capital alliance with Chubu Electric Power
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Es-con Japan Ltd <8892.T>:Says it forms business and capital alliance with Chubu Electric Power Co Inc <<<9502.T>>> on Aug. 28 .Says two entities mainly cooperate on real estate business .Says Chubu Electric Power Co Inc will acquire 23 million shares of the company, effective Sept. 7 .Says Chubu Electric Power Co Inc will raise voting power in the company to 33.3 percent from 0 percent.Says Osaka-based amusement center firm will decrease voting power in the company to 5.2 percent from 13 percent .Says an individual shareholder will decrease voting power in the company to 3 percent from 15.4 percent .  Full Article

Starwood Energy To Sell 50 Percent Interest In Compass Power Generation To JERA
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Starwood Energy Group::PRESS RELEASE - STARWOOD ENERGY TO SELL 50% INTEREST IN COMPASS POWER GENERATION TO JERA.STARWOOD ENERGY GROUP - TO SELL 50 PERCENT INTEREST IN COMPASS POWER GENERATION TO JERA.  Full Article

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
Monday, 8 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
Thursday, 12 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