Industry in Transition
Utility CEOs face disruptive trends.
Top executives at AEP, the California ISO, and El Paso Electric address key challenges and opportunities.
AEP
AEP Receives FERC Approvals to Transfer Ohio Generating Assets
Submitted by aburr on Sat, 2013-06-01 13:27American Electric Power received approval from the Federal Energy Regulatory Commission (FERC) to separate its Ohio generating assets from its Ohio distribution and transmission operations and transfer these assets to a competitive generation company and regulated affiliates. AEP anticipates implementing corporate separation and the other items in the related filings by Dec. 31, 2013.
In the Situation Room
Presidential attention raises the priority level for cybersecurity.
Have industry leaders and regulators turned a corner on efforts to make the grid more secure?
Transactions (January 2013)
Entergy acquires Kgen gas-fired plants in Arkansas and Mississippi; TransCanada buys BP share of Alberta gas storage facility; PSE acquires Tenaska plant; AEP issues $850 million in debt; Duke units float $650 million in bonds; plus debt issues by NextEra, Southern Company, Entergy, and others totaling nearly $3.2 billion.
Digest
(January 2013) Dominion Virginia Power contracts Alstom for HRSGs at 1,300-MW Brunswick County station; Entergy acquires KGen plants; San Diego Gas & Electric installs new outage management system; ChargePoint enters reseller agreement with Service Solutions; Saft to install battery storage project at High Wind project in Saskatchewan; NRG’s eVgo finalizes plans for California charging network; plus contracts and announcements from ABB, ADT, Elster, Itron, ElectroIndustries, Opower, Panasonic, FirstEnergy, PacifiCorp, and others.
Bill Hogan, Unbundled
A candid commentary on current topics in electric restructuring.
A no-holds-barred interview with the electric industry’s chief architect of wholesale electric market design.
RTO Tango
PJM and MISO ran from the altar once before. Now there’s talk of a shotgun wedding.
Utilities in the Midwest ISO want greater access to sell into PJM’s lucrative market. But that might require a virtual merger of the two RTOs — a move rejected seven years ago as too costly, and perhaps still impractical today.
People (July 2012)
Southern Company announced changes in the company’s management team. Great Plains Energy and Kansas City Power & Light (KCP&L) appointed Scott Heidtbrink as executive v.p. and COO of KCP&L and greater Missouri operations. NV Energy announced two senior leadership appointments. Pacific Gas & Electric (PG&E) appointed Jesus Soto Jr. as senior v.p. of gas transmission, operations, engineering, and pipeline integrity. And others...
People (June 2012)
Exelon Generation named Ron DeGregorio president of Exelon Power. Most recently he was chief integration officer working on the Exelon-Constellation merger. Former NSTAR president, chairman and CEO Thomas J. May was elected president and CEO of Northeast Utilities (NU) following the completion of the merger of the two companies. He succeeds Charles W. Shivery, who retired from his position and assumed a new role as the non-executive chairman of the board of NU.
The Importance of Being Sustainable
Doing the right thing can drive utility stock performance.
Utilities get little credit for their efforts to strengthen the sustainability of their businesses. But these efforts have paid dividends in stock performance, capital costs, regulatory relationships, and brand value. Capturing the greatest value for shareholders will require utilities to become better understood as socially responsible enterprises.