California Dreamin'
Left-coast lawmakers envision a greener America.
As the new U.S. government takes shape, at least one trend seems clear: California is taking over the country. Well, maybe not “taking over,” exactly. But leading.
Left-coast lawmakers envision a greener America.
As the new U.S. government takes shape, at least one trend seems clear: California is taking over the country. Well, maybe not “taking over,” exactly. But leading.
Michael T. Burr
El Paso Electric (EPE) selected David W. Stevens as CEO. DPL Inc. promoted Frederick J. Boyle to senior vice president, CFO and treasurer of DPL and its principal subsidiary, The Dayton Power and Light Co. Great Plains Energy named Todd Kobayashi v.p., strategy and risk management. Consumers Energy promoted Richard J. Ford to vice president of energy delivery. And others...
A hard year puts deregulation to the test.
Deregulation is being tested by a series of crises, from a devastating hurricane to the Wall Street meltdown. Regulators and companies are applying the lessons learned to strengthen the Texas market’s framework.
Steven Andersen
International reporting standards are coming for U.S. public companies.
Adoption of IFRS (International Financial Reporting Standards) in the United States undoubtedly will mark a significant change for many U.S. companies. But this change should not be feared. Moving to an entirely new accounting structure ultimately might enable companies to streamline reporting processes and reduce compliance costs.
Scott Hartman
How to account for lack of strong price signals. A hard year puts deregulation to the test.
The greatest benefits of time-of-use pricing come from avoided costs of peaking power and T&D capacity—but only if hourly retail prices accurately model the true costs of delivered energy, including scarcity rents. Restoring the missing price signals will encourage economic investments in AMI, conservation and system capacity.
Catherine McDonough and Robert Kraus
An integrated approach could prove more effective for controlling emissions.
Despite political challenges, the EPA and Congress have made strides toward a more coherent and integrated approach to regulating air emissions. The time is right to reach consensus on a multi-pollutant strategy.
Sam Napolitano, et al.
New approaches account for the economic benefits of renewables.
Many green power customers benefit from long-term fixed prices. The most effective programs recognize the value of this price hedge—and fairly exempt customers from fuel cost adders in utility rates.
Lori A. Bird et al.
Fundamental changes require bold strategies.
While many utilities have embarked upon efforts to define a path toward the next generation utility, these efforts often are siloed initiatives driven by the generation, transmission and distribution (T&D) or customer segments of the organization. Addressing the upcoming challenge will require a coordinated and integrated set of decisions so as not to sub-optimize the end-to-end value chain. Eight critical themes across the generation, T&D and customer elements of the value chain will shape the future of our industry.
Jack Azagury, et al.
The market-to-book ratio is a vital sign of a utility’s health.
Like a physician with her stethoscope at the outset of a check-up, astute shareholders and directors should use the level and trend of a utility’s market-to-book ratio (MtB) as one of the first vital signs they monitor and as an ongoing and leading measure of a utility’s strategic health.
James M. Seibert