PG&E Corp (PCG): * ATMOSPHERIC RIVER STORM BEGINS TO MOVE OUT OF SOUTHERN PORTION OF PG&E'S SERVICE AREA. * PG&E Corp (PCG) - SINCE SATURDAY, CREWS HAVE RESTORED NEARLY 580,000 CUSTOMERS WHO WERE IMPACTED BY EARLY-SEASON STORM. * PG&E Corp (PCG) - SINCE STORM BEGAN EARLY SUNDAY, APPROXIMATELY 630,000 CUSTOMERS LOST POWER WHICH IS ABOUT 10% OF UTILITY'S 5.5 MILLION ELECTRIC CUSTOMERS.
PG&E Corp (PCG): * SINCE STORM ARRIVED IN EARLY HOURS OF SUNDAY MORNING, ABOUT 380,000 CUSTOMERS HAVE LOST POWER OR ABOUT 7% OF UTILITY'S 5.5 MILLION ELECTRIC CUSTOMERS. * AS OF 6 P.M. SUNDAY EVENING, POWER HAS BEEN RESTORED FOR ABOUT 250,000 OF THOSE CUSTOMERS AND APPROXIMATELY 130,000 CUSTOMERS REMAIN IMPACTED Source text for Eikon: Further company coverage:
* China's Met Office forecasts sharp drop in temperatures. * Coal prices, imports soaring as demand grows. * Higher power prices feeding into factory gate inflation. By Shivani Singh and Muyu Xu.
KIBALI GOLD MINE, Democratic Republic of Congo, Oct 13 - C anada's Barrick Gold Corp (GOLD) has discovered geological extensions at its Kibali gold mining joint venture in Democratic Republic of Congo that will prolong the life of the mine to 2040, Chief Executive Mark Bristow said in an interview.
* Sept exports +28.1% yr/yr vs +21% forecast in Reuters poll. * Sept imports +17.6% yr/yr vs +20% forecast. * Sept trade balance $66.76 bln vs $46.8 bln forecast. By Stella Qiu and Gabriel Crossley.
China's export growth unexpectedly accelerated in September, as still solid global demand offset some of the pressures on factories from power shortages, supply bottlenecks and a resurgence of domestic COVID-19 cases. The world's second-largest economy has staged an impressive rebound from the pandemic but there are signs the recovery is losing steam.
Authorities from Beijing to Chennai scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that rising energy costs will stoke inflation and curtail an economic recovery.
Automakers, investors and even oilfield giant Schlumberger NV are beginning to embrace environmentally friendly technologies to produce lithium that could help meet 25% or more of global demand for the electric vehicle battery metal by the end of the decade.
Profit growth at China's industrial firms slowed for a sixth month as plants fought off high commodity prices, COVID-19 outbreaks and part shortages, with an unfolding power crisis a growing threat to output and bottom-lines. Profits rose 10.1% on year in August to 680.3 billion yuan compared with a 16.4% gain in July, data from China's statistics bureau showed on Tuesday.
Entergy Corp (ETR) said on Tuesday it expects restoration costs for electrical facilities damaged by Hurricane Ida to be between $2.1 billion to $2.6 billion. The energy company said Hurricane Ida inflicted significant damage to its electric system that resulted in 948,000 outages at its peak. Most of the storm costs were incurred in Louisiana and New Orleans, Entergy (ETR) said.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
