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Utility Ratemaking & ROE: Rethinking the Tools of the Trade

The industry requires new analytical tools to incorporate the realities of today's higher risk operating and investment environment into the equity allowance process.

With a “return to basics” mantra now common in the industry, coupled with the recognition of under-investment and heightened reliability concerns, most companies are now facing significant capital expenditure programs. Many utilities are considering or have filed for rate relief.
Byline: 

Mark Ciolek, Wallace Jones, and Dr. William Wilson

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Corporate Governance: Embracing Sarbanes-Oxley

By approaching Sarbanes-Oxley compliance as an opportunity rather than a burden, companies can reap strategic rewards and become stronger.

The stakes have risen in the compliance game. A series of incendiary scandals-followed by the Sarbanes-Oxley Act and its implementing regulations-have focused the scorching light of public scrutiny onto public companies in all industries, and the heat is particularly intense for investor-owned utilities.
Byline: 

Michael T. Burr

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What Does Shakespeare Know About Utility Leadership?

New realities demand new direction from utilities.

To paraphrase Shakespeare, "The true soul of joy is in the process." For the utility industry, nothing could be further from the truth. The deregulatory "process" has not been joyful. It has been painful and costly.
Byline: 

Timothy F. Sutherland and Gary Vicinus

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People

People for October 15, 2003.

New positions at Great Plains Energy Inc., Wisconsin Energy Corp., Independent Energy Producers of Maine, and others.
Byline: 

PUF

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Painted Into a Corner

Wall Street wants utilities to return to basics, but the CEOs worry it won't be enough.

One can certainly understand why so many utility chiefs steered their companies back to basics over the past two years. But a key problem remains. As the economy improves, utilities recognize they must soon return to the front lines and face the music. How do they generate enough growth to keep investors from being lured away by higher-yielding financial instruments — all while remaining to appear as stable, low-risk investments?
Byline: 

Richard Stavros

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What Do You Mean by Green?

Seemingly eco-friendly definitions can prevent adoption of renewable portfolio standards.

Seemingly eco-friendly definitions can prevent adoption of renewable portfolio standards.

Byline: 

Michael Strong

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Customers Interrupted

Utilities that are short on capacity and operate in a stable regulatory environment may be able to extract value from interruptible rates.

The low prices in today’s wholesale electric markets have resulted in a reduction in the value of the retail market-based rates for both the utility and the customer, but utilities that are short on capacity and operate in a stable regulatory environment may be able to extract some value from interruptible rates.
Byline: 

Mike Whitmore

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Blackouts? never Again! (But...)

We ask merchant grid developers if anything can ever be done.

How will technicians prevent another major blackout? Fortnightly weaves the opinions of industry insiders on the keys to electric reliability with a cautionary tale from Connecticut to present solutions for what’s ailing the grid.
Byline: 

Lori A. Burkhart

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The CIO Forum: Budgets Byte Back

Chief tech officers discuss how they are using their data to beat the competitition.

CIOs from a traditional utility, a merchant generator, and an independent system operator tell how they stretched every penny to make their companies technologically savvy during tough economic times. They say data, not applications, ruled the roost this year—and will in the future
Byline: 

Jennifer Alvey

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Financial Accounting: Beware of Unlucky 13

The application of FASB Statement No. 13 can result in unforeseen changes to the financial statements and, in turn, financial ratios of a utility.

The utility industry continues to be a fluid environment with significant deleveraging activities that affect various types of agreements and contracts, so companies should be cognizant of EITF 01-08 and the impact it could have on their financial statements and, in turn, their financial ratios.
Byline: 

John McKay

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