Hints and tips:
...Before EDF could commit to building the plant, Rossi said it needed UK ministers to settle matters such as which partners were involved and legislation on the preferred funding model....
...“Perhaps there is a link he sees to combine interests” between Oxy and Berkshire’s own energy and utility businesses. But there are clouds on the horizon....
...Two of Berkshire Hathaway’s largest holdings include a railroad and a power utility. A full acquisition of Occidental would require a premium....
...Buffett has invested in energy companies, but for years he has primarily targeted electric utilities and pipelines....
...Its research also forecasts big falls in returns for sectors such as energy and utilities....
...The California utility isn’t your typical company trying to make its way through Chapter 11....
...In return for $10bn, Occidental will issue Berkshire preferred shares paying interest of $800m a year for at least the next decade....
...Other means of raising cash include issuing preferred stock or secured debt, it said. Any assessment of PG&E’s solvency will have to consider the company’s troubled safety record over many years....
...In July, Toshiba said it was exploring alternative options for the business and had terminated Kepco’s preferred bidder status....
...Korea Electric Power Corp is meeting lenders to finance the construction of a new nuclear power plant in west Cumbria, as it makes a last-ditch attempt to save the project....
...After Toshiba put NuGen up for sale last year, Kepco, the South Korean energy company, saw off interest from CGN to become the preferred bidder for the Japanese group’s UK subsidiary....
...State-run utility Kepco suffered a net loss of Won1.2tn in the first half of this year because of its switch to greater liquefied natural gas-fired electricity production, which is nearly twice as expensive...
...FirstEnergy, another large utility, last month announced a $2.5bn investment in shares and convertible preferred shares, backed by investors including Elliott Management and GIC, to pay off debt, contribute...
...Korea Electric Power Corp has been selected as preferred bidder for the Toshiba subsidiary that’s planning to build a nuclear power station in the UK....
...of the uncertainty associated with the causes and potential liabilities associated with these wildfires as well as state policy uncertainties, the PG&E boards determined that suspending the common and preferred...
...Shares in the South Korean utility were up as much as 1.2 per cent in early trading in Seoul, a day after it became the preferred bidder for Toshiba’s NuGen unit, which is behind the Moorside nuclear project...
...The South Korean utility saw off competition from CGN of China to become the preferred bidder for Toshiba’s NuGen unit, which is behind the Moorside nuclear project in Cumbria, north-west England....
...Talks have also been held with CGN of China but Kepco is expected to named preferred bidder, possibly this week....
...Rob Main, head of company engagement and voting for Vanguard, said the $4.7tn asset manager’s preferred approach was to press for change in face-to-face meetings with company executives....
...Mr Zuma’s fate has been in question since his deputy was elected last month to succeed him, defeating his own preferred candidate....
...Global investors said they preferred the eurozone, emerging markets and Japan as overweight regions in their portfolios....
...into carbon capture and “clean fossil fuels”, an invitation to US companies to work on developing Saudi Arabia’s nuclear power industry, and possible investments in the US by the Saudi Basic Industries Corp...
...Overall, Berkshire’s operating earnings — a measure preferred by Mr Buffett that strips out investment gains and losses — fell for a third straight quarter to $4.1bn....
...Talks have been held with several potential buyers, including the private equity arm of Goldman Sachs and Canada’s Onex Corp, according to people involved in the sale....
...Service Commission, the utility regulator, about creating additional electricity supplies....
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