When Patrick Moore left Greenpeace—the environmental advocacy group that he helped to create in the early 1970s—some activists labeled him a traitor and a corporate shill. It didn’t stop him, however, from becoming one of the environmental community’s most outspoken advocates for nuclear power development—and one of the harshest critics of anti-nuclear activists. Fortnightly caught up with Moore in February to discuss the state of anti-nuclear advocacy in America.
Southern Company named Ronnie Labrato vice president, internal auditing. FirstEnergy’s board of directors elected Gary R. Leidich executive vice president and president of FirstEnergy Generation, and Richard R. Grigg executive vice president and president of FirstEnergy Utilities. Exelon named Ian P. McLean to lead its finance and markets organization. And others...
Taming the Wind is a pleasure to read. The article captures just about perfectly the value of forecasting in cost-effectively and reliably integrating wind power, of balancing in large markets, of geographical spread, and more. It also looks at what the future could hold.
Accounting reforms might force regulators to abandon their live-now, pay-later practices.
When an advisory committee of the SEC voted recently to phase out special accounting treatment for various industries, it signaled the end may be near for power plant depreciation deferral mechanisms. Such mechanisms are a mainstay of regulatory accounting in many states, and their discontinuation could send plant owners and regulators back to the drawing board to find a new, GAAP-compliant way to recognize asset depreciation in financial reports.