A number of factors point to expanded nuclear generation. But when?
Business & Money
Sizable gains return to the market.
With an average appreciation of 18.9 percent since we last ran SNL Financial's dividend data , SNL's safe dividend picks appeared to do well for any market. However, like the fine golden years of the late '90s for all things technology, recent months have returned sizable gains to investors of energy stocks-not what one would expect from slow growth, dividend-paying electric and gas utilities that make up the majority of the SNL Energy universe.
New Positions:
The Nuclear Regulatory Commission established the position of deputy executive director for Homeland Protection and Preparedness, naming William F. Kane to fill the role. Kane previously oversaw the offices of Nuclear Reactor Regulation, Enforcement, Investigations, and the Regions.
New Positions:
The Allegheny Energy Inc. board of directors named Florida Power & Light Co. President Paul Evanson its new chairman, replacing the retiring Alan J. Noia. Allegheny's interim president, Jay Pifer, assumed the duties of COO at Allegheny. Evanson had been with Florida Power and Light since 1992. He will be replaced temporarily by Lew Hay, chairman and CEO of FPL Group, until a permanent replacement is found.
The collapse of wholesale markets has utilities once again making the purchasing decisions, and taking all the risks.
If a common theme is emerging from the various policy directions across the country, it seems to be that responsibility for supply resources is moving away from open markets and back into the hands of load-serving utilities.
The instant messaging wildfire spreads to the utilities industry.
Utilities are starting to take a good, hard look at incorporating instant messaging (IM) into their business. (Never heard of IM? Check out our primer in the sidebar.)
Confirmed:
The Senate Energy and Natural Resources Committee, by an 18-2 vote, approved Joseph T. Kelliher's nomination to the Federal Energy Regulatory Commission. Kelliher's approval follows his second nomination by President Bush. Bush also nominated New Mexico attorney Suedeen G. Kelly to fill the remainder of a five-year term expiring June 30, 2004.