Potential Exposure: The Long View on Credit Risk
Tools for measuring credit risk.
Taking a fresh look at issues surrounding industry credit risk.
Biting Pat Wood's Hand
FERC finds the states have teeth, too.
FERC Chairman Pat Wood ought to be commended for trying to extend a hand of cooperation to state PUCs. But certainly he must by now understand that the nature of the state regulator, as the nature of the wolf, is unchangeable.
People (May 15, 2002)
Dr. Janice A. Beecher has been named director of the Institute of Pubic Utilities at Michigan State University. Calpine announced several promotions to its senior management team. Alliant Energy also announced several new appointments. And others ...
Letter to the Editor (May 15, 2002)
EPSA exec rebukes McCullough's claims.
A response to the article "Revisiting California," April 1, 2002: If the issues confronting California’s ratepayers weren’t so important, it would be easy to say that Robert McCullough’s efforts are best published on April Fools Day.
Energy Customers Focused on Bottom-Line
Public Utilities Fortnightly and POWERdat®
To control their energy budgets in this environment, corporate energy managers must quickly become familiar with markets in which they are inexperienced participants.
Backtracking in Georgia
The customer is always right.
Given all the flack it’s caught of late, it may not be too far off before Georgia’s esteemed deregulation program is saddled with the label of “fiasco” and “debacle.” The timing is strikingly similar to California, where that state’s electric restructuring experiment crumbled in the summer of 2000, two years and change after the flawed plan switched on.
The Great Canadian Gas Race
Northern gas rush proves timely for power generators.
America’s insatiable demand for clean burning power generated in newly minted natural gas-fired power plants has caused a massive Canada-wide hunt for new gas resources, and a search for how to get it across the border.
Utility Risk Programs: Success or Failure?
State public service commissions are insisting that utilities adopt risk management programs, and are allowing less pass-through for those that don't.
A well-known economist analyzes how well U.S. utilities performed in their risk management programs during 2001/2002.
20/20 Hindsight: The Gas Forecasting Dilemma
The recent experience of MichCon illustrates what happens when forecasters at gas distribution companies guess wrong.
The Michigan Consolidated Gas Company’s (MichCon) bad experience with gas forecasting illustrates an important public policy question: What is the optimal supply acquisition strategy for a regulated gas utility?
Indecent Disclosure?
Most pan FERC NOPR, but gas association eyes FERC role.
Citing overlap with the Securities and Exchange Commission (SEC), the power industry has largely panned FERC’s proposals to require greater disclosure on financial instruments and derivatives.