Latest news
France: Total’s LPG distribution business to be purchased by UGI
U.S. utility UGI is to acquire Total's liquefied petroleum gas (LPG) distribution business in France for approximately 400-450 million euros ($545-$613 million), denoting another step in the efforts of the French oil huge conglomerate to get rid of assets in older markets to enhance profits.
read more... 03/07/2014
Alstom to modernize the Russian electricity transmission and distribution grid
France’s Alstom, a world leader in transport infrastructure, power generation and electrical grid, has entered a 51/49 joint venture with Russia’s Soyuz Holding to manufacture and commercialize high voltage switchgear in order to modernize the Russian electrical grid. This agreement follows the memorandum of understanding signed in 2011.
read more... 26/06/2014
Britain: SSE penalized for slow energy customer links
Britain's energy regulator Ofgem has inflicted a fine of 750,000 pounds ($1.25 million) on the power distribution division of utility SSE for the stagnant grid connection of approximately 200 clients in the period 2010-2013, as stated by the entity on Friday.
read more... 02/06/2014
Fortum: Norwegian power distribution business likely be sold to Hafslund
Finnish utility Fortum declared on Wednesday it intends to vend its Norwegian electricity distribution business and its share in Fredrikstad Energi and Fredrikstad Energi Nett to Hafslund based in Norway.
read more... 09/04/2014
Ofgem: five of the six electricity distributors have to do more to cut costs for consumers
Energy regulator Ofgem has required to five of its six electricity distributors, including SSE and Scottish Power, to do more to cut costs for consumers. The six distribution companies presented their investment plans, but the only plan approved was those of Western Power Distribution’s( WPD), which customers will see a 11.30 pounds cut in their bills from April 2015.
read more... 22/11/2013