Latest news
Verbund nine-month profit drops by 86%
Austrian utility Verbund registered a decline of 86 percent in group profit for the first three quarters of 2014 to 63.8 million euros ($81.3 million) because of decreasing electricity prices, reduced water supply and impairment losses on its Romanian wind farms.
read more... 29/10/2014
Areva-Siemens increases claim to $4.4 billion over Finnish reactor postponements
The French-German conglomerate Areva-Siemens, the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has raised its claim against Finnish utility Teollisuuden Voima (TVO), as stated by TVO late on Friday.
read more... 27/10/2014
National Grid employs ex-GE director to run U.S. business
Britain's network operator National Grid Plc has employed ex-General Electric Co executive Dean Seavers to substitute the director of its U.S. business, as stated by the company on Thursday.
read more... 24/10/2014
France intends to vend utility network stakes
The French government intends to vend stakes in public utility networks to investors since it looks to increase billions of euros in asset sales, as stated by Economy Minister Emmanuel Macron on Friday.
read more... 20/10/2014
Vattenfall would like to obtain 4.7 billion euros for German nuclear phase-out
German Economy Minister Sigmar Gabriel told a parliamentary commission that Vattenfall wants 4.7 billion euros ($6 billion) in compensation for shutting down its nuclear plants in Germany, as stated by a government source on Wednesday.
read more... 16/10/2014