New England is leading the way toward a future that is both cleaner and provides greater electric reliability at reduced cost. New England Independent System Operator (ISO-NE) has created an innovative mechanism that addresses concerns about ensuring adequate energy capacity by allowing the cleanest and lowest-cost resources to be used to meet the nation’s power needs.
State and federal incentives push utilities to invest in grid intelligence.
State and federal incentives provide the carrot for utilities to invest in grid intelligence. But regulatory and technological incentives are not enough without customer participation. Smart-grid policies will succeed only by focusing on customer needs and benefits.
Utilities test new models to encourage investments in efficiency and conservation.
The industry is struggling to reconcile legacy business models with emerging green priorities. CEOs at Green Mountain Power, Progress Energy, IDACORP, Pepco Holdings, and Reliant Energy explain their perspectives on financing investments in conservation and efficiency.
Pilot projects clarify the vision of an intelligent utility system.
Pilot projects are bringing the future vision of the grid to life. Whether leveraging existing systems or rebuilding entire networks in a Big Bang rollout, new technology applications suggest an intuitive electrical network may not be far off.
The 2008 elections portend federal regulation of greenhouse gases by 2010.
The outcome of the 2008 elections will determine how the nation deals with greenhouse gas emissions. With the presumptive nominees for president for both parties supporting mandatory GHG regulation, a cap-and-trade system likely will become U.S. law. How soon and how tough depends on the choices voters will make in November.
Uncertain market design affects generation investment planning.
Faced with state-wide electric utility restructuring and power-market deregulation, the state of New York constantly has been adjusting the state’s power markets to meet the potentially contradictory goals of low cost, yet reliable power. In New York this has taken many forms, including monitoring of energy prices, caps on capacity prices and forced divestment of assets to reduce potential market abuses.
CIP audits show utilities are just getting started with securing the grid.
Bad news from the front lines in the cyber-security war: Little meaningful progress has been made toward safeguarding the nation’s electric grid from malicious attacks. Initial cyber-security assessments and audits suggest few companies really are ready to implement the first wave of NERC critical infrastructure protection (CIP) standards, despite the fact the utility industry drafted the regulations.
Utilities can transform the world’s energy economy.
Perceval’s sagas are largely forgotten today, but at least one of them serves as a useful metaphor for an industry seeking the proverbial Holy Grail of clean-energy technology—specifically, the tale of Perceval and the Fisher King.
As president and CEO of ISO New England, Gordon van Welie has his feet planted firmly on each of two sides of a cultural divide. First, as a transmission system operator, van Welie must keep the lights on and the wires humming. At the same time, he must run a regional market—an ongoing experiment in freewheeling capitalism in an industry fraught with more long-term uncertainty than perhaps any other.
The New York ISO named Mary McGarvey its vice president and chief financial officer. Pacific Gas and Electric Co. announced that its board of directors elected Barbara Barcon as vice president, finance and chief financial officer. Henry B. “Brew” Barron was appointed president, chief executive officer and chief nuclear offer of Constellation Energy Nuclear Group. MidAmerican Energy Holdings Co. announced that Gregory E. Abel became the chief executive officer. And others...