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Total weighs bid for Eneco Group in challenge to Shell

Bloomberg French oil giant Total SA is working with advisers as it weighs an offer for Eneco Groep NV, joining a number of financial and industry bidders for the Dutch utility, including rival Royal Dutch Shell Plc, people familiar with the matter said. The firm, which is owned by dozens of Dutch municipalities and is due to be auctioned this ...

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Gas shortage idles US auto factories

Bloomberg The three largest automakers in US suspended some operations on the coldest day of the year after a fire at a Southeast Michigan natural gas facility drastically reduced their supply of the heating fuel. Energy prices soared as freezing weather spread into the Northeast and closed a nuclear reactor in New Jersey. CMS Energy Corp.’s Consumers Energy utility sends ...

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India mulls prepaid power as $5.7bn of unpaid dues pile-up

Bloomberg India’s power retailers may need to start paying in advance for their electricity purchase in a bid to ease financial stress at generators. Concerned over delayed payments to generators, the federal power ministry has formed a panel to examine if distribution companies should pay generators in advance for electricity purchases, according to a power ministry document reviewed by Bloomberg. ...

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