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Fortnightly Magazine - May 2004

Metering and Billing: Building a Better Pricing System

Two-part real-time pricing reflects the two-part pricing found in other business sectors.

Georgia Power Co., Duke Power Co., and their customers have reaped the benefits of two-part real-time pricing (RTP) for nearly 10 years. This structure has been a perfectly acceptable and efficient means to price electricity, but a second structure for pricing electricity can now be introduced. Either structure is sound and efficacious. Each methodology has its advantages, and utilities should consider which method best serves their needs.

Byline: 

Michael O'Sheasy

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CIS: The new Profit Machine

How IT can allow utilities to invest in customers-and even improve returns-without breaking the bank.

How IT can allow utilities to invest in customers-and even improve returns-without breaking the bank.

A high quality customer information system (CIS) at a utility company can build revenue streams and promote customer loyalty. But while those are admirable goals, it is not that simple to wade through all the various CIS systems and figure out what a company needs in order to achieve those benefits.

Byline: 
Lori A. Burkhart
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FERC's GulfTerra Orders: Chnages in the Pipeline

A new FERC decision veers away from congressional intent not to burden intrastate pipelines with interstate policies.

A new FERC decision veers away from congressional intent not to burden intrastate pipelines with interstate policies.

State commissions can set intrastate natural gas pipeline transportation rates except when the intrastate pipeline moves gas in interstate commerce. Then, the Federal Energy Regulatory Commission (FERC) regulates the rates under evolving Natural Gas Policy Act of 1978 (NGPA) standards. Two recent FERC orders in a GulfTerra Texas Pipeline L.P.

Byline: 
J. Michel Marcoux
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Preparing for a Nuclear Exchange

Three ways to value nuclear power plants for buyers and sellers.

Three ways to value nuclear power plants for buyers and sellers.

Appraisers don't make the market-they reflect it. But when the market speaks, appraisers listen. The appraiser must use judgment, experience, and common sense to correlate the final conclusion of value for a subject plant, basing the conclusion on market indicators.

Byline: 
Michael J. Remsha, P.E., ASA, CMI
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Triggering Nuclear Development

What construction cost might prompt orders for new nuclear power plants in Texas?

What construction cost might prompt orders for new nuclear power plants in Texas?

Electricity generation deregulation has opened U.S. wholesale electricity markets to unregulated power producers. In this uncertain environment, how should a generating company evaluate the risk of investing in new capacity?1

Byline: 
Geoffrey Rothwell
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Frontlines

Utilities have little to show for the millions they pay in campaign contributions.

Frontlines

Utilities have little to show for the millions they pay in campaign contributions.

If Donald Trump could call Congress on the carpet, he would send lawmakers packing with those two now infamous words, "You're fired!"

Trump, at the conclusion of each episode of his reality TV show "The Apprentice," dumps an unlucky job candidate for failing to complete that show's business assignment to his liking.

Byline: 
Richard Stavros
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People

New Positions:

People

New Positions:

Southern Co. appointed Chris Hobson senior vice president of environmental affairs, reporting to Charles Goodman, the company's newly named senior vice president of environmental policy and research. Hobson currently serves as vice president of environmental affairs for Southern Co. subsidiary Georgia Power.

Byline: 
We welcome submissions to People, especially those accompanied by a high-resolution color photograph. E-mail to: photos@pur.com
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Letter to the Editor

Letters to the Editor

To the Editor:

The article "NERC's Cloudy Crystal Ball" () contends that the North American Electric Reliability Council (NERC) has consistently underestimated the growth in U.S. electricity demand. The only evidence offered for this conclusion is that observed data did not encircle the 45-degree line in a graph of actual vs. forecast percentage growth rates. Conjectures such as this are invalid for numerous reasons.

Byline: 
March 2004, p. 61
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Benchmarks

Unless gas prices stabilize, coal prices will continue rising.

Benchmarks

Unless gas prices stabilize, coal prices will continue rising.

Gas prices to power plants have surged in 2003, increasing more than 50 percent over their 2002 level. In absolute terms, this gas price in-crease exceeds $2/MMBtu-almost two thirds larger than average coal prices to power plants in 2003-and has rekindled interest in new coal-fired power plants. An increasing number of new coal-fired projects have been announced in the last 12 months.

Byline: 
Tom Woods
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Perspective

Why Ontario needs a competitive market.

Perspective

Why Ontario needs a competitive market.

For the past two years, the Ontario power sector has resembled a piñata at a children's birthday party, batted this way and that by the stick of public policy. Since the competitive wholesale market opened in 2002, the government twice has intervened to manage prices to final consumers.

Byline: 
A.J. Goulding
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