Commission

People: November 2004

People

Jack Hawks took on the added role of EPSA's acting vice president of policy; David Barnes joined Commerce Energy as vice president, Finance & Investor Relations; Terry Winter assumed the newly created position of executive vice president, Advanced Grid Solutions at American Superconductor Corp.; and more.

The AGs' Global Warming Suits: Regulation by Litigation

A recent lawsuit filed by eight state attorneys general will take the industry to the place where bad policy meets with bad economics.

A recent lawsuit filed by eight state attorneys general alleges that various coal-fired generating plants are harming the states' residents because of the plants' carbon dioxide emissions. From an economic and regulatory standpoint, it's difficult to see how this lawsuit, or litigation in general, can be viewed as a prudent approach to environmental mitigation.

Perspective: Don't Fence Me Out

Hard-and-fast ring-fencing rules are not the best way to maintain order in the partially deregulated utility sector.

In times of stress due to financial setbacks or pending merger issues, regulatory ring-fencing or internal company structural separation can serve a beneficial purpose. But beware! Predicting the future is an impossible task: Utility regulators should hesitate before putting policies in place today that limit managerial discretion in the future, based upon the belief that they possess that ability.

People

People for October 2004

Positions filled at Peabody Energy, Wisconsin Public Service, Wisconsin Energy Corp., and others.

Technology Corridor

Cyber and Physical Security:

Technology Corridor

Cyber and Physical Security:

Although NERC and other agencies are helping out, utilities still face internal obstacles.

Power Measurements

Failing the Market-Power Test:

Power Measurement

Failing the Market-Power Test:

How FERC's ruling could affect wholesale power markets.

Operations & Maintenance: Who Has the Best Margin?

Operations & Maintenance

Operations & Maintenance

The process of calculating meaningful benchmarks is fraught with pitfalls.

Regulatory reporting requirements for major U.S. utilities provide a wealth of data for benchmarking studies. Both the Federal Energy Regulatory Commission (FERC) Form 1 for electric utilities and FERC Form 2 for gas utilities involve the reporting of more than 2,500 unique data points per utility per year, across diverse aspects of utility operations, maintenance, and finance.

The Future of Fuel Diversity: Crisis or Euphoria?

The fragmented electric industry structure poses an obstacle to a more stable, diverse, and secure power supply.

The Future of Fuel Diversity

The fragmented electric industry structure poses an obstacle to a more stable, diverse, and secure power supply.

Daily news headlines have drawn attention to concerns about fuels, especially the rising prices of oil and natural gas. Fears of interruptions of oil exports from Iraq, Iran, Russia, and Venezuela (take your pick) roil the energy market. But coal is not exempt from bad news, as production declines reduce output from Eastern U.S.

CFOs speak out: Growth Strategy for the 21st Century

For The 21st Century

For The 21st Century

Interviews by

So it begins again. After several financially tumultuous years, executives at many of the nation's top utilities can once again look to the horizon and ask the growth question worthy of a Caesar: "What worlds to conquer?"

Utility executives are emboldened by bulging free cash flows, improved credit quality, lower operations and maintenance costs, favorable regulatory treatment, growing service territories, and increasing demand for power.