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Growth-starved utilities find a new way of making money

Published Thu, Jul 27, 2017 · 09:50 PM

New York

THERE is a new model emerging for growth-starved utilities looking to profit from America's solar and wind power boom.

American Electric Power Co (AEP) is using it for a US$4.5 billion deal that will land the US utility owner a massive wind farm in Oklahoma and a high-voltage transmission line to deliver the power. NextEra Energy Inc's Florida unit is using it to build solar farms.

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Companies & Markets

Growth-starved utilities find a new way of making money

Energy & Commodities

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Anglo rejects BHP takeover bid as significantly undervalued

India rice prices at three-month low on shrinking demand

Gold prices set for weekly decline ahead of US inflation data

Pricey coffee is here to stay as hoarding, heat hit Vietnam supply

Oil settles higher as weak US economic growth offset by supply concerns

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