A review of power plant deals in 2004 shows that utilities are buying.
Can economies of scale make the industry more stable?
People for January 2004.
People for October 1, 2003.
Sizable gains return to the market.
Will dividends become the sole focus for investor valuations of utilities?
With last month's favorable Senate vote to repeal the tax on dividends from 2004-2006 and reduce it 50 percent this year, and the high-profile conference committee meetings between the House and the Senate at press time, many are asking if investors are, or should be, beginning to evaluate utility companies solely on the basis of the dividend.
New Positions:
Dynegy Inc. named Holli C. Nichols its senior vice president and corporate controller. Nichols joined Dynegy in 2000 after working for PricewaterhouseCoopers LLP.
Southern Co. Executive Vice President Leonard J. Haynes was installed as chairman of the board and chief executive officer of the North American Energy Standards Board, succeeding Bill Boswell.
New Hires:
DPL Inc. named James V. Mahoney president of DPL Energy LLC. Mahoney has been with EarthFirst Technologies since 2001.
The board of directors of Piedmont Natural Gas elected Kim R. Cocklin senior vice president and general counsel. Cocklin's previous experience includes time as senior vice president at Williams Gas Pipeline and senior vice president and general counsel at Texas Gas Transmission Corp.
Executive and academic views on what to fix and what's not broke.
The sound and fury over trading scandals, credit defaults, and market manipulation so far has drowned out much of the mind-numbing debate over a standard market design (SMD), and rightly so. Utilities understand (as does the press) that Enron, "Deathstar," and "Get Shorty" will always sell more newspapers than locational pricing or congestion management.