Utilities

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UPDATE 1-Cameco cuts costs as uranium prices slump, misses view

WINNIPEG, Manitoba, August 1 - Canada's Cameco Corp, one of the world's biggest uranium producers, reported higher quarterly profit on Thursday, but said it planned to cut costs as prices struggled due to reduced demand for nuclear fuel.

COLUMN-'Free power Saturdays' herald electricity pricing revolution: Kemp

LONDON, Aug 1 - Centrica, which supplies electricity in the United Kingdom through its British Gas subsidiary, has said it could offer free power to residential consumers on Saturdays from next year, provided they have a smart meter installed.

Stocks, Markets, Energy, 9:36am EDT

UPDATE 1-Enel, Slovakia to release $345 mln for nuclear project

PRAGUE, Aug 1 - The Slovak government and utility Enel, which are wrangling over the budget for two new reactors at the Mochovce nuclear power plant, have agreed to release 260 million euros ($345.2 million) to pay suppliers to the project.

Energy, Industrials 9:21am EDT

UPDATE 1-U.S. crude, natgas proved reserves rise to record in 2011-EIA

WASHINGTON, Aug 1 - U.S. energy companies added the most proved crude oil reserves in 2011 since at least 1977 as they expanded the use of hydraulic fracturing and horizontal drilling techniques, and their total proved natural gas reserves shot to a record high, the Department of Energy's statistics arm said on Thursday.

Energy, 9:05am EDT

Cameco records higher profit, cutting costs

WINNIPEG, Manitoba, August 1 - Canada's Cameco Corp, one of the world's biggest uranium producers, reported higher quarterly profit on Thursday, and said it planned to cut costs.

Utilities
Duke Energy Corp $71.53 +0.75%
Southern Co $44.33 -0.01%
NextEra Energy Inc $87.92 +1.51%

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