Utilities

CEO Helped to Shape US Plan Urging Utilities to Hire Cyber  Firms — Like His Own

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Breadcrumb Trail Links PMN Business Dragos CEO says he wasn’t trying to help his company but promote cyber improvements that were ‘solution agnostic’ Author of the article: Bloomberg News Jack Gillum Electric lines glow red and smoke in a tabletop diorama of Manhattan during a simulation at the Red Balloon Security Inc. office in New … Read more

Govt cuts June domestic coal supply targets to utilities by 11.1%

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By Sudarshan Varadhan NEW DELHI (Reuters) –India has slashed how much domestic coal power plants can expect to receive in June by 11.1% and asked some utilities to import more to increase inventories as power demand surges, according to an internal federal power ministry memo seen by Reuters. … Read more

UK Utilities Plunge on Reports Sunak Working on Windfall Tax

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Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Joe Mayes and Joe Easton Article content (Bloomberg) — UK utility firms sank after it emerged Chancellor of the Exchequer Rishi Sunak has ordered officials to prepare plans for a possible windfall tax on power generators as well as oil and gas firms. SSE … Read more

Centre threatens to curb coal supply if state-run utilities delay imports

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India’s power ministry on Wednesday said it would cut domestic fuel supply to state government-run utilities by 5% if they do not import coal for blending by June 15, as officials struggle to address rising power demand. A heatwave pushed power use to a record high in April, leading to … Read more

Tencent, Alibaba Look Like Utilities After $1 Trillion Drubbing

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(Bloomberg) — For years they were two of the fastest-growing companies worldwide — stock-market darlings worth a combined $1.7 trillion at their peak. Most Read from Bloomberg Now Tencent Holdings Ltd. and Alibaba Group Holding Ltd. are struggling to keep up with even the most staid utilities as China’s crackdown on internet giants takes its … Read more

World Takes Cover From Stock Chaos in Oil, Utilities and China

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Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Ishika Mookerjee and Abhishek Vishnoi Article content (Bloomberg) — Optimism may be in short supply for equity investors caught in the downdraft of volatile global markets, but pockets of shelter are emerging.  From banks benefiting from interest-rate hikes to stocks offering high dividend yields … Read more

China Pushes Utilities to Restock Coal Ahead of Demand Rebound

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Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Bloomberg News Article content (Bloomberg) — China’s industrialized southern provinces are racing to restock coal in case demand recovers later this month or supplies are disrupted by the heavy rains sweeping the region. The economic powerhouse of Guangdong has asked its utilities to add … Read more