Energy Execs: Not Everybody Gets Top Dollar
Compensation is still inconsistent, especially compared with other industries.
A review of CEO and middle management compensation for 2001 finds that salaries are still inconsistent with other industries.
Law & Lawyers
Aquila: New-Look Company Still Bullish on Risk Management
CEO Power Forum: Robert Green, President and CEO of Aquila
“We want to see the framework for investment in transmission clarified so that we can attract capital to de-bottleneck the transmission grid and continue to restructure the transmission segment so there’s no discrimination and we can freely flow electrons across the grid to meet our clients’ requirements.”
Xcel Energy: Utility Sizes Up Mergers and Re-Acquisitions
CEO Power Forum: Wayne Brunetti, Chairman, President, and CEO of Xcel Energy
“We believe the PJM model can’t work in markets as big as the Western market. It might work well in PJM but it’s a pretty confined geographic area.”
Sempra Energy: Calif. Utility Prospers in State of Uncertainty
CEO Power Forum: Stephen Baum, Chairman, President, and CEO of Sempra Energy
“One lesson, of course, is you can’t raise prices too high, too fast. I think that’s clear. You get what I call the French Revolution syndrome.”
PSEG: N.J. Utility Rides Unregulated Wave to the Bank
CEO Power Forum: James Ferland, Chairman, President, and CEO of Public Service Enterprise Group
“We’re running our generation operations with about 40 percent fewer people than we had 10 years ago, and other parts of the country could benefit from similar kinds of competitive pressures.”
Alliant Energy: Pushing for a Coherent Policy
CEO Power Forum: Erroll B. Davis Jr., Chairman, President, and CEO of Alliant Energy
“I, personally, have always been, and I continue to be, for competition at every level. But I’m not spending a lot of personal time, energy, or political capital, pushing issues of retail choice at this point.”
The Top 10
The Ten Most Intriguing Business Decisions in the Post-Enron World.
10. Exelon throws in the towel on pebble bed; 9. Exelon, Entergy, Dominion ready to do the rounds on traditional nuclear; 8. AES wants out of Cilcorp marriage; 7. New-look Aquila goes hunting ...
Electricity Restructuring is No License for Central Planning
RTOs will perpetuate regional monopolies and political rate regulation.
Economists sometimes get confused - especially when the real world doesn't fit into their neat boxes.
Network industries like telephone and electricity are today's case in point. Economists have viewed these parts of the economy as requiring special attention from regulatory authorities. They're viewed as "natural" monopolies displaying "economies of scope" and characterized by risky "lock-in" or "path dependency" features. That supposedly makes them prone to abuse by their free-market owners, and therefore in need of impartial regulatory oversight.
People (June 1, 2002)
Former U.S. Senator Slade Gorton has joined the board of directors of E2I. The National Hydropower Association presented Senator Larry Craig (R-ID) with its Legislator of the Year award . The New York Power Authority honored Shalom Zelingher, director, and Misak Krikorian, senior engineer, of the research and technology development unit of NYPA. And others ...
CEO Power Forum: Leadership and Credibility in Uncertain Times
The leaders of the electric power industry greatly want to put a positive spin on the current state of affairs in their business.
Enron’s bankruptcy and California’s failed restructuring experience, as well as credit and shareholder concerns, are preventing senior executives from spending adequate time on developing new growth opportunities for their companies and lobbying for electric industry competition.