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Utilities

FOCUS-Coronavirus accelerates European utilities' digital drive

MILAN/FRANKFURT, Aug 10 When COVID-19 plunged Italy into lockdown, it was decision time at the Verampio power station. The control room, which runs a fleet of hydroelectric plants across the Piedmont region, hard hit by the pandemic, had to be secured to keep the lights on.

Bonds, Regulatory News 9:00am BST

UPDATE 4-Coronavirus punishes Warren Buffett, as Berkshire Hathaway takes big writedown

Aug 8 Berkshire Hathaway Inc on Saturday announced a $9.8 billion writedown and 10,000 job losses at its Precision Castparts aircraft parts unit, as the coronavirus pandemic caused widespread pain at Warren Buffett's conglomerate.

08 Aug 2020

UPDATE 1-Problems plagued U.S. CO2 capture project before shutdown -document

Aug 6 A $1 billion project to harness carbon dioxide emissions from a Texas coal plant suffered chronic mechanical problems and routinely missed its targets before it was shut down this year, according to a report submitted by the project's owners to the U.S. Department of Energy.

07 Aug 2020

Nobel-winning Mexican scientist calls for complete ban on fuel oil

MEXICO CITY, Aug 7 Dirty fuel oil widely used to generate electricity in Mexico should be completely banned, Mexican scientist Mario Molina said, citing its high sulfur content as a danger to both human health and the earth's atmosphere.

07 Aug 2020

UPDATE 2-U.S. natgas soars to December high in best week since 2009

(Adds latest prices) Aug 7 U.S. natural gas futures on Friday jumped to their highest since December after rising by the most in a week since 2009, as liquefied natural gas (LNG) exports increased and forecasts called for hot weather through late August. "The LNG market’s worst days appear to be behind it, with fewer cancellations in September expected to bring utilization back toward 60% before an even stronger recovery in October," said Daniel Myers, market analyst at Gelb

07 Aug 2020
Utilities
National Grid PLC 901.13 -0.32%
SSE PLC 1,324.00 -0.38%
Centrica PLC 46.72 +1.08%

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