Search

One of Germany's largest energy providers is hoping that Berlin will help keep it afloat as limited gas from Russia and high prices drive its losses into the millions. One [...]

Even before the California utility said it had an accord with bondholders, Gov. Gavin Newsom declared that the plan didn't meet the public interest. Pacific Gas & Electric, the giant [...]

Puerto Rico's troubled power company defaulted on a deal to restructure roughly $9 billion in bond debt and sought court protection from its creditors, the government said on Sunday. The [...]

Lenders to Puerto Rico's big electric power authority gave it a breather on Thursday instead of enforcing a looming deadline on the lines of credit the company uses to buy [...]

HIGHLAND PARK, Mich. -- When the sun sets in this small city, its neighborhoods seem to vanish. In a deal to save money, two-thirds of the streetlights were yanked from [...]

Try this equation: The hottest spring and summer in New York City's history plus the highest consumption of electricity on record equals refunds for Consolidated Edison's customers. Huh? That is, [...]

The Southern Company, the giant utility owner, agreed to a $3.4 billion federal loan guarantee to build the country's first nuclear power plant in three decades. The guarantee covers up [...]

The Mirant Corporation, which owns power plants in 12 states, exited bankruptcy yesterday and said it would complete a first round of distributions to creditors this month. Judge D. Michael […]

France took an important step toward easing regulation of the power market, braving union anger to announce the long-awaited partial privatization of the state-owned Electricite de France. The world's largest […]

The Calpine Corporation, which produces power in 21 states, yesterday canceled sales of about $2.3 billion in notes and term loans intended to refinance debt. The company's shares fell 7.3 […]

Reliant Resources, which sells energy in Texas and 12 other states, said yesterday that it would have $1 billion in third-quarter costs to write down the value of power plants […]

Allegheny Energy, an important supplier of electricity and natural gas service in five states, said yesterday that it was considering several measures to stave off a bankruptcy protection filing, including […]

The FirstEnergy Corporation, whose power transmission lines failed shortly before the Aug. 14 blackout began, said yesterday that its Ohio Edison subsidiary had arranged a new $450 million secured credit […]

The AES Corporation said today that it was walking away from Britain's largest plant and the roughly $3 billion it paid for it in 1999 after creditors refused to accept […]

Allegheny Energy Inc., which sells electricity and natural gas service in five states, said in a regulatory filing yesterday that it might be edging closer toward a bankruptcy filing that […]

The Mirant Corporation said it received notice of credit default as it revised a note-exchange offer and asked banks to approve a possible plan for bankruptcy. Lehman Brothers Commercial Paper […]

The Mirant Corporation, an electricity producer and natural gas trader, said it would pay $270 million to cancel orders for power plant turbines and would cut gas sales by half, […]

The AES Corporation, a power generating company, said it had completed the $2.1 billion bank and bond refinancing it needed to avert a bankruptcy filing. The company, which is based […]

The FirstEnergy Corporation, which owns utilities in Ohio and the Northeast, cut its 2003 profit forecast mostly because of higher expenses for employee pensions. Earnings next year will be $3.35 […]

Xcel Energy had a third-quarter loss of $2.07 billion as it wrote down the value of assets at its power-generation unit, NRG Energy, which is considering bankruptcy protection. The loss […]

Mirant, an energy trader, said yesterday that bookkeeping errors had caused it to overstate profit by $41 million since 1999, and that federal prosecutors were investigating its accounting. Mirant, whose […]

The Duke Energy Corporation said yesterday that its profit would drop more than forecast this year because of a slump in energy trading that has forced the company, the No. […]

The Duke Energy Corporation reduced profit at its energy-trading unit by 8 percent in the second quarter after a review of energy transactions requested by the Securities and Exchange Commission. […]

The Avista Corporation, the owner of utilities in the Northwest, said today that second-quarter earnings fell 44 percent as energy trading and marketing declined. Net income fell to $12.7 million, […]

The Calpine Corporation, a power plant operator, said today that its second-quarter earnings fell 33 percent as it reduced energy trading and electricity prices declined. Orders to buy as many […]

Alliant Energy, which owns utilities in four Midwest states, said today that its profit fell 83 percent, citing higher costs and a drop in business from units that sell power […]

National Grid, Britain's electricity carrier, reported a net loss yesterday after writing down the value of telecommunications businesses by the equivalent of $1.1 billion. The loss, its first since it […]

Calpine, the nation's largest independent power producer, said here today that it had a first-quarter loss of $74.3 million after scaling back expansion plans and canceling $3 billion of turbine […]

The FPL Group, the owner of Florida's largest electric utility, will have a $365 million pretax expense in the first quarter for writing down losses associated with power plants in […]