DC

On August 11, 1860, Otto Blathy was born in Tata, Hungary. He was the co-inventor of the transformer at age twenty-five.

Indeed, Otto literally came up with the name transformer. Not only did the term transformer stick in our industry...

Transformers ultimately became the name of Hasbro's robots in disguise, Bumblebee and his team of heroic autobots, on the hunt for the evil Decepticons loose on earth. Their motto, "Rev up and roll out."

(May 2012) Entergy Louisiana starts construction on gas-fired power project; Virginia Commonwealth University and Dominion partner on a test site for efficient energy technologies; Burlington Electric Department selects Siemens for meter data management platform; IKEA commissions four Blink electric vehicle charging stations; Edison Mission Energy, TIAA-CREF and Cook Inlet Region Inc. form partnership, and others.

Dollar-cost averaging has gained favor as a technique for hedging fuel-price risks. But hidden costs might outweigh the savings, leaving utilities exposed to volatile markets.

(April 2012) MidAmerican Energy awarded a contract to Siemens Energy to supply wind turbines for its 407-MW project expansion. American Electric Power began operating the 580-MW Dresden natural gas-fired combined-cycle power plant. Duke Energy and ChinaHuaneng Group signed a three-year agreement expanding their research cooperation to include coal and carbon capture and sequestration technologies. And others...

(March 2012) DTE Energy awards contract to URS; Exelon and Constellation reach an agreement with Electricite de France; Dominion and Lockheed Martin enter a joint marketing and development alliance; plus deals involving Nissan North America, CenterPoint Energy Field Services, Honeywell, Silver Spring Networks, and others.

Today’s utility business model depends chiefly on big power plants and long transmission lines—and federal and state policies reinforce that model. But as photovoltaics technology advances and systems get ever cheaper, distributed generation eventually might become the more competitive option. At that point, upstart companies might be better positioned than utilities to capture a share of this growing market, because they won’t be constrained by Edison-era economics.