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.

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.

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.

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.

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.

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...

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.

Letters to the Editor

(December 2006) Charles A. King, California ISO: “Kicked Off and On Schedule” reasonably captures many of the implementation issues and stakeholder concerns surrounding the California Independent System Operator Market Redesign and Technology Upgrade program. However, I was somewhat disappointed that the article offered few details about the benefits MRTU will provide.

Don't Choke: How to Transform Technology

Infrastructure investment has been on a starvation diet. Here’s how to feed the need.

In October, the North American Electric Reliability Council (NERC) issued its first long-term reliability assessment report in its new role as the nation’s federally mandated reliability organization. The report found that under current trends the U.S. electric power system may not be able to meet customer demand in much of the country 10 years from now.

A Business Case: Energy Efficiency in the New Environment

Investments in energy efficiency can be a growing revenue source. Strong programs, in conjunction with effective monitoring and verification, are the keys to success.

To turn efficiency investments into a growing revenue source, strong programs, in conjunction with effective monitoring and verification, are the keys to success.