Bloomberg Mexico’s energy ministry is seeking to prioritise state-run utilities over new entrants to support supply stability, according to a draft proposal seen by Bloomberg News, a step that could place restrictions on expanding the country’s renewable power capacity. The plan is the latest among moves by President Andres Manuel Lopez Obrador’s administration to reduce private sector generation, which have ...

Bloomberg Murray Energy Corp allegedly violated a bankruptcy financing agreement after manipulating financial information, according to court papers filed by one of its lenders. GACP Finance, owed some $90 million under a loan tied up in Murray Energy’s bankruptcy financing package, delivered a notice of default to the coal miner, court papers show. The lender alleges Murray improperly included non-coal ...

Bloomberg French electricity demand jumped to a six-week high as the nation began to ease restrictions on travel, business and schools as deaths from coronavirus continued to recede. Appetite for power in Italy and Germany continued to rise, leaving the UK, where coronavirus-related restrictions are slowly starting to lift, on its own with consumption falling week-on-week. A pickup in demand ...