Become a PUF Member Organization

Fortnightly Magazine - January 2007

Another Food Fight!

The new transmission siting and permitting policies could be just as messy and unruly as the old ones.

The idea behind the NIETC is a noble one: to help facilitate the construction of badly needed transmission capacity to relieve congestion problems and improve reliability. In fact, the promotion of new infrastructure investment is at the heart of EPACT. But there’s just one problem. The new process for permitting and siting electric transmission under EPACT appears to be as flawed and contentious as it was pre-EPACT.

Byline: 

Richard Stavros, Executive Editor

Read Entire Article

People

(January 2007) PNGC Power promoted Tom Haymaker to vice president of power supply. Calpine Corp. announced that Larry B. Leverett joined the company as senior vice president, gas trading. ITC Holdings Corp. announced that William J. Museler has been appointed to its board of directors. Sierra Pacific Resources announced that William D. Rogers has been named to the new position of vice president, finance and risk, and Corporate Treasurer. And others...

Read Entire Article

Consensus, Compromise, and Chopping Wood

NARUC President James Kerr seeks harmony among an unruly bunch of state regulators.

As NARUC president, James Yancey Kerr II brings a federalist philosophy that emphasizes state and local sovereignty—and consensus among state regulators.

Byline: 

Michael T. Burr

Read Entire Article

What's That Power Plant Really Worth?

An analysis of current valuation trends explains why some assets command better values than most.

Average North America power-plant asset value is at $725/kW.1 Compared with our winter 2005-2006 analysis, this figure has barely changed; however, we have seen significant value movements based on region, fuel, and asset types.

Byline: 

Devrim Albuz and Gary L. Hunt

Read Entire Article

Utility Profits Soar

The recovering merchant sector leads earnings improvements in the third quarter.

Although total revenues were up by almost 5 percent for the third quarter of 2006 over Q3 2005, operating income and net income were up by 22.82 percent and 80 percent, respectively.

Byline: 

Jean Reaves Rollins

Read Entire Article

Future Imperfect: Managing Strategic Risk In an Age of Uncertainty

Part 1 of a 2-part article explores new technologies most likely to influence competitive success.

When fighter pilots list the advantages of one combat aircraft over another, they do not speak primarily of speed. Rather, they refer to the ability of one aircraft to “turn inside” another, to negate other aspects of performance with a superior turning radius. For the utility industry, fundamental changes in technology, markets, or regulatory requirements can “turn inside” the ability of companies to respond, as long-lived investments and choice of fuels lock them into their strategic choices for decades. This article proposes ways for utility leaders to understand strategic risk better and manage it more effectively.

Byline: 

Dr. David L. Bodde

Read Entire Article

States of Denial

Three challenges to federal authority from those unhappy with the status quo.

A look at how regulators, grid operators, and consumer advocates in Arkansas, California and Connecticut have posed challenges to established law and policy at FERC.

Byline: 

Bruce W. Radford

Read Entire Article

A Utility Executives' Guide to 2007: A Cloudy Forecast

Experts predict the top issues that utilities will have to weather this year, and beyond.

A soup-to-nuts preview of the next 12 months that touches on spinoffs and interest rates, climate change and New Source Review, the future of nuclear, investor returns, and natural-gas price volatility.

Byline: 

Richard Stavros & Michael T. Burr

Read Entire Article

Trading on Carbon: How Markets Will Save the World

Utilities should plan for U.S.-wide CO2 emissions restrictions that will be more effective than state efforts.

Utilities need to begin planning for U.S.-wide emissions restrictions that will be more effective than state efforts. Such restrictions are no longer a matter of “if,” but “when.”

Byline: 

Chuck Chakravarthy and John Rhoads

Read Entire Article

Why You Should Care About CAIR

New provisions nearly eliminate the financial impacts of the rule’s ozone regulations.

As of 2009, annual caps on NOx emissions imposed by the Clean Air Interstate Rule (CAIR) nearly will eliminate the financial impacts of CAIR’s ozone provisions. What does this mean for your utility?

Byline: 

Stephen T. Marron and John H. Wile

Read Entire Article
V