Fortnightly Magazine - September 1 2003

Aquila: Better Off Dead?

Bankruptcy may not be better for ratepayers.

In an ironic twist, Aquila now looks more and more like a traditional, stick-to-the-knitting electric utility. There is no longer any unregulated operation to worry about.

People

People for September 2003.

New positions at Mirant, Chesapeake Utilities, Mid-Atlantic Conference of Regulatory Utilities Commissioners, and others.

Letters to the Editor

Letters from Andrew Paterson, a principal at Environmental Business International, and Professor Sheldon Landsberger, Director, Nuclear Engineering Teaching Lab, University of Texas at Austin.

Cycle Frequencies Drive Turbine Choices

The 50 hertz market is poised for growth as the 60 hertz market levels off.

At the beginning of 2003, 59.2% of the world’s installed generating capacity operated on 50 hertz and 40.8% on 60 hertz. As markets such as Southeast Asia and China, which run on 50 hertz, begin to surpass traditional markets in capacity additions, this balance will shift even further toward 50 hertz.

Edison Shrugged

The crisis of confidence in today's power industry is, at its heart, a crisis of ideas.

A market-based system requires that regulators establish a level playing field but not interfere unduly with the game itself.

Bankruptcy Courts vs. FERC Smackdown!

The developing jurisdictional battle over authorizing rejection of wholesale power supply agreements is getting white-hot, pitting creditors against ratepayers.

Creditors and ratepayers are at odds in a high-stakes jurisdictional battle over wholesale power supply agreements. In an industry littered with bankrupt and troubled energy marketers, the issue is more than academic.

The New Dividend Kings

Sizable gains return to the market.

SNL’s safe dividend picks appeared to do well for any market. However, like the fine golden years of the late ’90s for all things technology, recent months have returned sizable gains to investors of energy stocks—not what one would expect from slow growth, dividend-paying electric and gas utilities that make up the majority of the SNL Energy universe.

The Politics of AMR

The industry continues to debate the costs and technology of automated meter reading, even as some regulators insist on immediate implementation.

Whether a PUC should order AMR implementation may become an issue industrywide. Additionally, the merger of two prominent AMR vendors has executives worried.

Water Heaters to the Rescue: Demand Bidding in Electric Reserve Markets

With just a few changes in reliability rules, regulators could call on consumer loads to boost power reserves for outages and contingencies.

By accommodating loads with limited storage and deploying resources in a more sophisticated manner, grid operators could expand the range of reliability resources. Consider the electric water heater.

Combined Heat & Power, Revisited

Outdated "wisdom" wastes the nation's electricity infrastructure. Distributed CH&P is the answer.

One of the system’s greatest flaws has been its inefficient — even wasteful — use of fuel resources in the face of opportunities to implement combined heat and power.
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