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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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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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Bush's Cloudy Skies?

Experts debate whether Bush’s Clear Skies plan on power plant emissions clears the way for better emissions technologies.

The Bush administration has yet to deliver a detailed plan of its Clear Skies program-no legislation has been introduced. Even without many details, there's plenty to argue about. At the top of the list is whether a cap-and-trade program will truly reduce emissions more than the current command-and-control regime.
Byline: 

Jennifer Alvey

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