Avoiding ‘earnings management’ requires transparency in reporting standards.
The SEC is taking steps toward substituting International Financial Reporting Standards for U.S. Generally Accepted Accounting Principles. Having certainty surrounding existing utility asset and depreciation accounting practices enhances the ability to use financial statements to accurately depict the results of operations and financial status of reporting entities.
Renewable mandates will shift power to FERC but pose problems for RTOs.
A recent survey conducted by the U.S Office of Personnel Management and reported by the Washington Post on March 13 ranked the Federal Energy Regulatory Commission as eighth best of some 37 federal agencies in terms “talent,” and third in “leadership and knowledge.”
A new business plan for capturing big saving.
Historically, conservation has suffered from a fundamental challenge: it’s boring. But as efficiency becomes the first fuel, providers of efficiency services will begin to look more like businesses and less like government agencies—characterized by dynamic branding, with marketing strategies driven by customer science.
State GHG policies confront federal roadblocks.
So far, states have taken the lead in carbon-control strategies. These state actions, however, could lead to constitutional conflicts—as recent court battles demonstrate. Only the U.S. Congress can regulate interstate trade, so states must step carefully in controlling carbon leakage.
The industry debates how far FERC should go.
Since the Energy Policy Act was enacted in 2005, the domestic power and gas industry has experienced several years of FERC compliance enforcement history. Including the settlements entered into in 2007, total penalties levied and agreed to by companies are close to $100 million over the past two years. Given the high stakes, some industry stakeholders have suggested that FERC could provide more comprehensive guidance on what it means to have an adequate compliance program and what constitutes that compliance.
Subsidies might not be the best solution for interconnecting renewables.
Supporters of renewable energy are seeking to socialize the cost of a new interstate highway system for transporting green power. But utilities and transmission owners will build or finance new transmission systems to serve economic demands. Policy makers shouldn’t pre-ordain the direction of industry progress.
Engaging customers will require more than TOU pricing.
Imagine a setback thermostat programmed at the factory that the consumer couldn’t modify. Who would want this device? You could give the customer a big enough discount to get her to accept the device, but she would be happier and you could save about as much energy if the customer could decide on the temperature and time settings.
(April 2009)
DPL Inc. promoted Daniel McCabe to chief administrative officer and senior v.p., from senior v.p. Ameren Corp. announced that Thomas R. Voss will succeed Gary L. Rainwater as president and CEO effective May 1, with Rainwater remaining in the role of executive chairman. Pepco Holdings Inc. (PHI) announced that Joseph M. Rigby is president and CEO. And others...
Commissioner Rick Morgan of the Public Service Commission for the District of Columbia based his article, “Rethinking ‘Dumb’ Rates”, on the faulty premise that there is a consensus, either in the regulatory community or electric industry, or both, trending toward the immediate adoption of smart meters and dynamic rates and, worse yet, that such change should be embraced now just ‘cause it is today’s pretty amazing new stuff.