Perspective

Independent transmission companies have a role in creating public benefit in wholesale competitive electricity markets.


Collateral Damage

Credit ratings agencies put the squeeze on merchant power.

Have they gone too far? Have ratings agencies become overzealous in their efforts to rein in energy merchants? Many in the industry are coming to that belief after Aquila, one of the industry's most respected companies and leaders, announced it would exit the merchant energy trading sector in late July. It said it could no longer meet the credit requirements imposed by ratings agencies to maintain that business.

Retail Choice Rides Again: A Mixed Market in The Lone Star State

Texas wins raves from the big players for its rules and systems, but the small consumer, as in other states, sees little reason to switch.


Texas wins raves from the big players for its rules and systems, but the small consumer, as in other states, sees little reason to switch.

Six months into the opening of the restructured Texas electric market, industry players are generally pleased with the results, but the jury is still out, as the state's vaunted system design has shown some cracks, and consumers still see little reason to switch their energy supplier.

A Dynamic Mission: Protecting Utility Assets

State public service commissions are insisting that utilities adopt risk management programs, and are allowing less pass-through for those that don't.

Many electric utilities have been on high alert since Sept. 11 to protect the assets within their systems from cyber and physical attack. For instance, 21 U.S. nuclear reactors are located within five miles of an airport, but 96 percent of all U.S. reactors were designed without regard for the potential for impact from even a small aircraft.

Vote Yes on Yucca Mountain

Congress needs to uphold the president's designation for a nuclear waste disposal site.

In the interest of security, economics, and common sense, it is important that Congress votes to uphold Yucca Mountain as the nation's central nuclear waste disposal facility.

Benchmarks: Coal Prices

Steady again, as new paradigm takes hold.

New coal price levels are down, but above the prices realized in the 1990s. Perhaps it can be demonstrated that the supply of coal is much more in line with its demand, and that coal mines are producing at levels much closer to aggregate mine capacity.

People (June 15, 2002)

Larry Schmid has been named CFO for Great River Energy. Hydro Energy of Norsk Hydro has appointed Hilde Myrberg as sector president. Ronald McMahan has joined the board of directors of Index Pricing Group. And others ...