JOHANNESBURG (Reuters) - South African power utility Eskom said on Tuesday it would cut up to 1,000 megawatts of electricity from the national grid from 1700 local time (1500 GMT) until 2200 (2000 GMT). "This is due to a shortage of generation capacity resulting from technical faults at some of our units," the company said in a statement.
John Malone's Charter Communications Inc struck a $56 billion deal to buy Time Warner Cable Inc, seeking to combine the third and second largest U.S. cable operators to better compete against market leader Comcast Corp. The Federal Communications Commission immediately served notice that it would closely scrutinize the deal, focusing not only on absence of harm but benefits to the public. Charter, in which Malone-chaired Liberty Broadband Corp owns about 26 percent, is offering about $195.71 in cash-and-stock for each Time Warner Cable share, based on Charter's closing price on May 20. A merger of Charter and Time Warner Cable, with other related deals, would create a company that controls more than 20 percent of the U.S. broadband market, according to research firm MoffettNathanson.