| Fortnightly

A Winning Proposition?

A response to Bruce Radford’s “100-to-1 Odds, Why merchant transmission still looks iffy,” in the March 1, 2002 issue.

Competitive transmission is already a proven and sound business model. With the right regulatory rules, competitive transmission can make major efficiency improvements to the existing transmission system.

Byline:

Jim Schretter

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People (April 15, 2002)

Stephen P. Reynolds succeeds William S. Weaver as president and CEO for Puget Energy. NERC elected Bruce A. Scherr to its independent board of trustees. Jim Wise, chairman and CEO of Neostar Group Inc., has joined the volunteer leadership team of the Resource Alliance Group of Houston. And others ...

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Three-Legged Stool

The smart money now treats transmission as a player. Just like generation. Just like load.

Over at the Federal Energy Regulatory Commission, new chairman Pat Wood has let it be known if he had been in charge, he would have postponed Order 2000.

Byline:

Bruce W. Radford

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M&A 2002: The Need for Strategic Clarity

What type of merger strategy should energy companies pursue in light of new industry uncertainties?

Byline:

Richard J. Rudden and James P. Bolduc

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Repeatable M&A: Creating a Value Chain Reaction

How building capabilities for repeated M&A can increase shareholder value.

Utilities that don’t prepare now for further consolidation cannot maximize value to their shareowners.

Byline:

Michael Bier and Mark Ciolek

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A Hope, A Wing, and A Prayer: Toward a Standard Market Design for RTOs

On the virtues and vices of ICAP, ACAP, FTRs, hubs, flowgates, DAMs, and gaming.

An in-depth analysis of the myriad of issues affecting the true development of competitive power markets.

Byline:

Bruce W. Radford

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Vertical Integration: Necessity or Distraction?

An analysis of the latest wave of unbundling, re-bundling, and convergence plays in the gas-power industries.

In any industry, companies must choose a portfolio of assets and businesses to own along a value chain. In doing so, they make an implicit trade-off between the benefits of focus and vertical integration.

Byline:

Dan Gabaldon and Joe Quoyeser

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The Fear Factor

Understanding power company volatility in the context of valuation theory.

A top CSFB investment banker analyzes how recent power sector volatility can be understood in the context of valuation theory.

Byline:

Kevin Phillips

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Utility Valuation: Shedding Light on the Black Box

Experts debate how energy companies should be valued in the wake of electric restructuring and Enron.

Credit downgrades, bankruptcy, and investor backlash against energy companies has exposed how inadequate the valuation of energy companies is. Experts debate just how to value the industry.

Byline:

Richard Stavros

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I Quit!

EPA director steps down, and tells you why.

I resign today from the Environmental Protection Agency after 12 years of service. I cannot leave without sharing my frustration about the fate of our enforcement actions against power companies that have violated the Clean Air Act.

Byline:

Eric V. Schaeffer

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