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Energy Trading: What's Your Position?

Obtaining a position measurement in energy markets has become more complex and has increased financial risks for integrated utilities.

"What's your position?" The answer to that simple question in today's energy markets is anything but simple. In fact, answering this question may be the single most difficult challenge faced by a fully integrated energy firm in its efforts to manage risk.
Byline: 

Peter Armstrong

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Close to Load, Far From Consensus

Feds seek plug-and-play for distributed generation, but utilities want the power to stay local.

Pity the poor Federal Energy Regulatory Commission. With its market crusade out of favor, and transmission reform suddenly suspect after the Aug. 14 blackout, it could use a new agenda. Indeed, FERC this past July had proposed a new set of standards for the connection of small- and micro-sized power plants units to regional transmission networks, or even to radial or local distribution lines operating at low voltages.
Byline: 

Bruce W. Radford

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A Financial Postmortem: Ten Years of Electricity Restructuring

A decade of restructuring has not affected the financial integrity of the average regulated utility.

Ideological bias, economic principles, success of previous deregulation, inordinate greed, and political expediency fueled the movement for electricity deregulation. The authorities, however, never deregulated. They chose to restructure.
Byline: 

Leonard S. Hyman

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People

People for November 15, 2003

New opportunities at Duke Energy, the Department of Energy, Progress Energy, and others.
Byline: 

PUF

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Time After Time

Regulators are starting to show signs of strain over the restructuring debate.

Up to now, many in the industry thought everybody but the regulators had tired of the constant back-and-forth over regional market issues such as standard market design. This is not to say that state regulators have been able to find any common resolution.
Byline: 

Richard Stavros

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Prevention Prescriptions

Reliability demands will drive automation investments.

In the days and weeks following Aug. 14, 2003, politicians scrambled to assess blame for the blackouts that plagued the United States and Canada. Even today, as the blame game pro­ceeds, the precise cause of the grid’s collapse remains uncertain. But Republicans, Democrats, and the utility industry alike seem to agree on one thing: the U.S. power grid needs major investment.
Byline: 

Michael T. Burr

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The Near-Term Fix

How to mitigate transmission risk before the next big blackout.

New legislation and bigger power lines won’t solve the immediate problem for the grid: the threat of failure. Energy providers must begin thinking of reliability in terms of days rather than years, and they must roll out programs and enhance technology now to protect assets, as well as customers.
Byline: 

Ralph G. Loretta & James E. Anderson

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The Myth of the Transmission Deficit

The grid does not need a Marshall Plan for new investment.

Do we really need to invest $50 billion to $100 billion in the U.S. transmission system? The industry says yes, but the evidence says otherwise.
Byline: 

Steve Huntoon & Alexandra Metzner

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Energy Tech's Quantum Leap

Tomorrow's utility technology may be revolutionized at the molecular level.

Carbon could revolutionize the electricity industry, thanks to developments in nanotechnology. The Fortnightly looks at how the technology will expand industry possibilities through cables, photovoltaics, and fuel cells.
Byline: 

Jennifer Alvey & Michael T. Burr

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The Modern Utility: Still a Black Box?

Wall Street bankers say utilities are not effectively telling their story.

How do you value an investor-owned utility? Ever since the Enron debacle, the credit crisis and the economic downturn, many in the investment community say that there exists a need for utilities to better communicate their business vision and corporate model — particularly now that the economy is headed into an economic upswing and utilities will have to compete with higher-yielding financial instruments such as U.S. treasuries, or competing equities with higher-paying dividends.
Byline: 

Richard Stavros

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