Power Grid News
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Oncor Electric Delivery Co., Texas’ largest power utility, may not be able to take full advantage of the nation’s fastest-growing electricity market because of capital constraints lingering from its parent’s 2007 leveraged buyout.
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Prices for wind energy in Brazil, currently the lowest in the world, may rise at least 15 percent due to government policies designed to make the nation’s power grid more reliable.
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Chancellor Angela Merkel must ditch coal in favor of cleaner gas power plants to protect the climate, said the co-leader of Germany’s Greens party, urging a redoubling of efforts to raise carbon prices in the world’s biggest cap-and-trade program.
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ABB Ltd., which last week announced the surprise departure of Chief Executive Officer Joe Hogan, said Prith Banerjee, board member and head of technology, is quitting to return to the U.S. after one year in the post.
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ABB Ltd., the world’s biggest supplier of power grids, said Chief Executive Officer Joe Hogan will step down for “private reasons” after five years at the helm of the Swiss company.
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Stocks in Switzerland rose for a third day, extending a five-year high for the Swiss Market Index, as Novartis AG and banks rallied.
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Bristol-Myers Squibb Co. sued Roche Holding AG’s Genentech unit seeking a court order that it doesn’t infringe patents used to make treatments for cancer and autoimmune diseases.
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Brazil, the second-biggest producer of hydroelectricity, is seeking to increase the use of fossil fuels after the worst drought in 50 years depleted reservoirs, underscoring a limit to renewable energy.
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Advanced cyber attack tools have become readily available for use by foreign governments and terrorists to infiltrate or cripple U.S. computer networks, two federal law enforcement officials told a congressional panel.
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The U.K. government outlined plans to encourage 110 billion pounds ($170 billion) of investment in the electricity sector needed to replace aging power stations and upgrade the power grid by 2020.
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