Renewable power is plentiful and cheap in China, a boon for consumers but a strain on the firms that manufacture the equipment. Leading wind turbine makers are meeting the challenge with radically different solutions https://t.co/KYXASkiNAY ...

One of Australia’s biggest coal-fired power plants plans to close six years earlier than previously announced. The Gladstone Power Station will potentially retire when existing supplies and operational arrangements expire in March 2029, “although no final decision has been made,” majority shareholder Rio Tinto Plc said in a statement on Wednesday. The facility, operated by Houston-based NRG Energy Inc., had been slated to close in 2035. Most Read from Bloomberg Gladstone started operating in 1976 and i ...

Core Insights - Enbridge Inc. reported strong second quarter 2025 financial results, reaffirming its financial guidance for the year and highlighting a robust project backlog exceeding $30 billion across its business segments [2][3][10] Financial Performance - GAAP earnings attributable to common shareholders for Q2 2025 were $2.2 billion or $1.00 per share, an increase from $1.8 billion or $0.86 per share in Q2 2024 [9][10] - Adjusted earnings for Q2 2025 were $1.4 billion or $0.65 per share, compared to $1.2 billion or $0.58 per share in the same period last year [9][10] - Adjusted EBITDA for Q2 2025 increased by 7% to $4.6 billion from $4.3 billion in Q2 2024 [9][10] - Cash provided by operating activities was $3.2 billion, up from $2.8 billion in Q2 2024 [9][10] - Distributable cash flow (DCF) remained stable at $2.9 billion compared to the same period in 2024 [9][10] Business Segments Overview Liquids Pipelines - Mainline volumes averaged 3.0 million barrels per day (mmbpd) in Q2 2025, with ongoing optimization projects and expansions [4][10] - Liquids earnings for Q2 2025 demonstrated the business's ability to deliver consistent results despite market fluctuations [4][10] Gas Transmission - Expansion projects include a sanctioned increase of Texas Eastern Transmission by up to 160 million cubic feet per day (mmcf/d) and an upsized Traverse Pipeline from 1.75 billion cubic feet per day (bcf/d) to 2.5 bcf/d [5][10] - The Aitken Creek gas storage facility in British Columbia is undergoing a 40 billion cubic feet (bcf) expansion to support LNG demand [6][10] Gas Distribution - Settlements in Ontario and Ohio align with the company's guidance, with additional rate cases expected in Utah and North Carolina [7][10] Renewable Power - The Clear Fork Solar project, a $0.9 billion investment expected to generate 600 MW, has been sanctioned and is backed by a long-term agreement with Meta [8][10] Financial Outlook - The company reaffirmed its 2025 financial guidance for adjusted EBITDA between $19.4 billion and $20.0 billion and DCF per share between $5.50 and $5.90 [16][10] - Enbridge's annual investment capacity is projected at $10 billion, supporting its $32 billion backlog and long-term growth opportunities [10][21] Strategic Developments - Enbridge closed a 12.5% equity investment in the Westcoast natural gas pipeline system for $0.7 billion, enhancing Indigenous community involvement [28][10] - The company is focused on disciplined capital allocation, with a current Debt-to-EBITDA ratio of 4.7x, below its target range [9][20]