Power Markets

The U.S. Department of Energy has been considering a plan to finance billions of dollars for components of large reactors, which can take years to secure. This was revealed by the director of industry group Nuclear Energy Institute on Tuesday. The U.S. Department of Energy is considering a plan to 'finance billions of dollars?for components that can take a long time to secure. The DOE did not respond immediately to a comment request. It's going help several?U.S. "It's going to help several?U.S. utility companies who are interested in AP1000?" deployment, Maria Korsnick said at NEI's Washington conference about the financing...

Constellation Energy, a U.S.-based power company, beat Wall Street expectations for the?first quarter adjusted profit on a Monday. It was helped by?increased power demand and contributions from recently acquired Calpine assets. In premarket trading, shares of 'the company' rose by?nearly?5%. According to the Energy Information Administration, U.S. electricity consumption is expected to continue to increase in 2026 and in 2027. Constellation is the largest U.S. nuclear power operator. After completing the?Calpine purchase in January, Constellation has expanded beyond its nuclear heavy fleet, adding a large portfolio of gas-fired generators that give it?more versatility in high-demand market such as Texas or...

Ameren, the utility company, reported a?23% increase in its first-quarter profits on Tuesday. This was primarily due to earnings from infrastructure investments that aimed to improve reliability. Utility companies are increasing spending on transmission and delivery networks to meet the rising demand for power in 'the U.S. Electric segment revenue rose by?2.4% in the quarter to $1.66?million, while revenue from the gas segment grew by?8.4% to $515?million. Ameren reported that its net income for the quarter ended March 31 rose to $357 million or $1.28 a share. This is up from $289 millions or $1.07 a share compared to a...

Duke Energy, a utility company in the United States, exceeded Wall Street's expectations for first-quarter revenue and profit on Tuesday. This was due to?a recovery of infrastructure investments based on rates and favorable weather. U.S. utilities are pushing to raise customer electricity rates in 2026 to 'pay for infrastructure improvements.' Power grids are being strained due to extreme weather, increasing demand from data centers and electrification. Duke said in its most recent earnings call to investors that it has signed agreements with electric companies for 7,6 gigawatts of data center demand since 2024. The majority of these projects are currently...

Duke Energy, a utility company, exceeded Wall Street's expectations on Tuesday for its first-quarter revenue and profit. This was due to the?recovery of rate-based investments in infrastructure and favorable weather. Energy companies are pushing for a?rise in customer electricity rates?in 2026 to pay for infrastructure upgrades, due to extreme weather conditions and the growing demand from data centers and electrification. Rate case processes are used by regulated utilities to determine the amount customers will be charged for services like electricity, natural gas, and private water and steam. Duke Energy's revenue for the first quarter was $9.17 billion. This is up...

On Monday, The Nuclear Company and Brookfield Investments announced that they would form a joint-venture to 'develop nuclear projects using u.s. The Nuclear?Company and Brookfield announced on Monday that they will form a joint venture to?develop nuclear projects utilizing?U.S. They said that the new company would combine Brookfield’s expertise in asset management, energy infrastructure development and "nuclear?project delivery capabilities" with The Nuclear Company. This includes project'management, licensing support, and oversight of the engineering, procurement and?construction for Westinghouse AP1000 or AP300 reactors. Investors and governments are partnering to revive nuclear power as an 'emission-free, stable energy source in the face of...

Josu Imaz, the chief executive of Repsol, said that the company is not in a hurry to list the oil and gas production unit it has in the United States. This will temper expectations for a 'initial public offering' or reverse merger. Imaz said in late 2018 that its upstream unit is preparing for a liquidity event by 2026. This could be an IPO, or a reverse merge with a listed company?in the U.S. He said that while the unit is technically "ready to go to the American market", it would be better if the fundamentals of the upstream sector...

Triton Uranium's president Scott Evans said that the company is looking at a U.S. listing in 2026 through a merger with a special-purpose acquisition company. The company wants to "tap into" rising demand for nuclear fuels and boost domestic supply. The Canadian-based company began development work on its Atlas Project at Uranium City in Saskatchewan, where it controls approximately 46,742 acres. Triton raised almost $16 million from private sources, which it plans to use for exploration in advance of a possible public listing. Evans stated that the company would be open to selling a stake to either the U.S. government...

Janet Mills, the Democratic Governor of Maine, vetoed on Friday a bill which would have made Maine the first U.S. State to impose an 'electricity-hungry data center moratorium. The bill would have frozen the approval of data centers that require more than 20 megawatts in power until October 2027, while an appointed council by the state analyzed the impact they had on local grids, electricity bills, and air and water. Mills wrote to the Maine legislature that she supported a temporary ban on data centers and would have signed it if the bill had allowed an exemption for the data...

The fluid ?catalytic cracker of Venezuela's ?second-largest refinery, ?the 310,000-barrel-per-day ?Cardon, was restarting on Monday after a power outage affected the entire refinery last week, two workers from the facility said. One source said that workers were also restarting Cardon’s naphtha refinery on Monday. This would result in a total crude processing capacity of 237,000 bpd at Cardon, and its linked Amuay refining facility, or about 25% of combined installed capacity. PDVSA's state-owned energy company is prone to blackouts and other outages, which limit its fuel production for domestic distribution. The company has been granted U.S. licenses to import the...

U.S. legislators criticized Energy secretary Chris Wright for ordering that aging coal plant remain open in hearings held on Wednesday and Thursday, saying: 'the action will raise the already high power bills for steelmakers and consumers. Wright's department ordered in December that two Indiana coal plants, which had planned to?close permanently?, remain open. They said this would reduce the risk of power outages and provide affordable electricity. CenterPoint Energy's and Northern Indiana Public Service Company's coal plants were to be replaced with natural gas or other sources of power. NIPSCO estimates that it will cost them $100 million to maintain...

The US Federal Energy Regulatory Commission announced on Thursday that it expected to continue its efforts to 'develop rules' to'manage' the country's'surging' 'data center electricity demands by June 2026. This is weeks later than their initial target date. As the industry builds out its energy-intensive data centres, which are increasingly used to develop artificial intelligence, there is concern about the soaring power bills and risk of "blackouts". These concerns sent regulators scrambling for new rules to manage this giant new "demand source". Some of these might require data centers to bring their own power supplies. Last year, Chris 'Wright, the...

Axios, citing two U.S. government officials and other sources, reported that the 'White House' believes it is close to reaching an agreement with?Iran over a one-page memo of understanding. This would end the war, and provide a framework for further nuclear negotiations. According to a report, the U.S. is expecting Iranian responses to several key points within the next 48 hours. The report cautioned that there hasn't been any agreement yet, but stated this was the closest parties have been to an accord since the beginning of the war. Axios reported that the deal included, among other things, Iran agreeing...

On Tuesday, President Donald Trump dismissed Iran's military capability and said that?Tehran should "wave the white flag of surrender", but was too proud to do it. Trump told reporters that Iran has reduced its military to "peashooters", and that Tehran wants to make a deal in private despite public sabre rattling. They play 'games', but I can tell you that they are looking to strike a?deal. Who wouldn't want to make a deal, "when your military is totally gone?" He said. Trump praised the U.S.-led blockade on Iranian ports in the area. "It is like a sheet of steel. No...

The government of Sweden announced a spring mini-budget that will slash fuel taxes, and increase electricity subsidies. This is to help ease the burden on households who are paying higher energy costs due to the war in Iran. The additional spending will be 7.7 billion crowns (825 million dollars) ahead of the September parliamentary elections. This is on top of an 80 billion crowns in new spending announced last September in the full year budget bill for 2026. "Sweden's on the right track." The Swedish economy remains strong despite war and uncertainty overseas. We continue to build safety barriers. Since...

On?Sunday?, Iranian drone attacks hit multiple targets in Kuwait. State?energy company Kuwait Petroleum Corporation reported fires and "severe damage" to some units. KPC stated in a press release that teams are working to contain fires at National Petroleum Company and Petrochemical Industries Company affiliates. KPC said earlier that a drone had attacked the complex housing the KPC headquarters and oil ministry in Shuwaikh. Kuwaiti state media, citing Kuwait's finance ministry, reported that an Iranian drone had allegedly 'hit an office complex of government ministries, inflicting significant material damage, but no injuries. Kuwait's Ministry of Electricity and Water said that two...

The electricity ministry announced on Saturday that Egypt will raise electricity prices for residential and commercial consumers who use more electricity. This increase is due to a global energy crisis caused by the Gulf War. The government has taken a number of measures to reduce energy consumption and curb fiscal pressures as rising import costs put pressure on the finances of the most populous Arab country. The ministry stated that the increase would only affect households with higher consumption and commercial users. This was done to ensure the supply of electricity across residential, industrial and commercial sectors. The report said...

Donald Trump, the U.S. President, warned late on Thursday that he would destroy bridges and electric power plants across Iran. This was his latest threat of destroying Iran's infrastructure. The U.S. Military "hasn't yet started to destroy what's remaining in Iran." Trump posted on Twitter that he would be focusing his attention next on bridges, followed by electric power plants. In his post, he said that Iran’s leadership "knows" what needs to be done and "has to be done FAST!" Trump, who previously has offered shifting timelines for the war and different objectives, said in a televised address on Wednesday...

A document containing an EU internal briefing revealed that the European Union's energy ministers would meet on Tuesday in order to coordinate their responses to the disruption of oil and gas market caused by the Iran War. Europe's heavy reliance?on imports of energy has exposed it to spiraling prices, since the Strait?of Hormuz, the main shipping route was closed effectively and Tehran began attacking the energy infrastructure in Middle East. Since the U.S. and Israel's war against Iran began on 28 February, European gas prices have increased by more than 70%. The EU document asked ministers to "indicate which concrete...

Security?sources say that a 'drone attack' targeted the home of the President of Iraq’s Kurdistan Region?early Saturday morning. This?incidences comes at a time when tensions are rising in northern Iraq. Sources added that air defences shot down a drone in Duhok near a base of Peshmerga warriors. The strikes come amid an increase in attacks against both Iran-aligned forces and?Kurdish ones as the U.S. and Israeli war on Iran spills?over into Iraq, attracting multiple armed group and straining Baghdad’s efforts to contain?the fallout. His office reported that Prime Minister Mohammed Shia al-Sudani spoke to him on the phone and condemned...

Taiwan won't raise electricity prices at this time despite the increase in energy prices caused by the Middle East war, according to the Economy Ministry. This will help to maintain price stability and industrial competitiveness. The government has been heavily subsidising energy to limit the impact on consumers of the rising energy prices caused by the Middle East war. The ministry released a statement saying that "in light of the 'risks' arising from the escalating conflict and the changes in international tariffs and to maintain industrial competitiveness and stabilize consumer prices, the committee decided to not adjust electricity rates at...

Donald Trump, the president of the United States, said that Iran had made major concessions to 'the United States in energy matters. He described this as a positive development but did not provide any details. Trump said the gift had something to do with the Strait of Hormuz - the waterway for oil transit that the United States have struggled to maintain open. "They gave us an?present, and the present arrived this morning, and it was worth a huge amount of money," Trump said to reporters in the Oval Office. "It was not nuclear. It was oil and gas related,...

On Tuesday, oil prices soared on fears of a shortage, after Iran denied that it had?talks? with the United States about ending the Gulf War, in contradiction to U.S. president Donald Trump, who claimed a deal would be reached soon. Crude futures dropped by more than 10% after Trump ordered the delay of attacks on Iran's power plants for five days, claiming that he had held talks with Iranian officials who were not named, and they had reached "major agreements". Brent futures were up $1.25 or 1.3% to $101.19 a barrel by 0858 GMT. U.S. West Texas Intermediate rose $2.15...

Narendra Modi, the Prime Minister of India, said that the fundamentals of Indian economy were strong, and that the country had enough petroleum, fertilizers, and coal to weather the trade and energy disruptions brought on by the U.S. and Israeli 'war on Iran. The conflict, which started last month, has affected sectors ranging from air travel, shipping, and gas supplies. It also caused the Strait of Hormuz to be almost closed, which is a major conduit for 40% of India’s crude oil imports. Modi, the lower house of parliament, said that India had enough petroleum reserves, with strategic reserves exceeding...