Power Lines News
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Abengoa SA’s net income jumped last year, exceeding analysts’ estimates by 22 percent as sales from its engineering and construction division surged.
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Snowstorms, cloud cover and tornadoes in the eastern half of the U.S. caused air traffic delays from Chicago to New York and Washington, and wind may snarl traffic in the East tomorrow.
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Germany’s offshore wind parks, being built to replace most of the nuclear reactors closing in the next decade, are headed to miss construction targets because of delays in connecting turbines to the power grid.
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Duke Energy Corp., which agreed last year to buy Progress Energy Inc. to become the largest U.S. utility owner, said fourth-quarter profit fell 33 percent as milder weather reduced heating demand.
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The California State Teachers’ Retirement System, the second-largest U.S. public pension, said it will invest $500 million in infrastructure projects such as water lines and mobile-phone towers.
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Copper has climbed to almost four times the price of aluminum, a record ratio that’s accelerating a switch by manufacturers to using the cheaper metal in electric cables and wires, a United Co. Rusal executive said.
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The Philippines deployed 400 soldiers to help with rescue operations after an earthquake killed at least 48 people and triggered landslides that left dozens more missing.
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The Philippines deployed 400 soldiers to help with rescue operations after an earthquake killed at least 43 people and triggered landslides that left dozens more missing.
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Enel SpA is working to restore power as more than 80,000 homes and businesses along Italy’s south- central regions are still without power after a winter storm, the company said in an e-mailed statement today.
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Hochtief AG will form a venture with its owner Actividades de Construccion & Servicios SA to build power lines, a move that will allow it to benefit from the change in energy policy in Germany, Financial Times Deutschland said, citing a Hochtief spokesman it didn’t name.
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