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Duke Energy

PJM/Midwest Market: Two Rival Groups Battle Over Grid Pricing

Should transmission owners get paid extra for distance and voltage?

While the Midwest now appears set on competitive bidding for the electricity commodity, taking from PJM such tried-and-true elements as locational marginal pricing, financial transmission rights, and a day-ahead market with a security-constrained dispatch, the region remains split over the pricing of transmission.
Byline: 

Bruce Radford

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Debilitating Doctrine

How the filed-rate policy wreaks havoc — and what courts can do about it.

Like many venerable legal rules, the filed-rate doctrine is rarely questioned. Over the last century, it has served many important purposes. However, with deregulated wholesale electric power markets at the federal level and various degrees of deregulation across the states, both the doctrine's continued applicability and usefulness are suspect.
Byline: 

Jim Rossi

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RTOs: The Creditworthiness Conundrum

IOUs, RTOs duke it out over standardization.

Have regional transmission operators (RTOs) and independent system operators (ISOs) asked for excessive levels of credit from customers? The Federal Energy Regulatory Commission (FERC) must face that difficult question as it investigates whether to institute a rulemaking on credit-related issues for service provided by ISOs, RTOs, and transmission providers.
Byline: 

Lori A. Burkhart

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Facing the Death Penalty

Did FERC's market power ruling go too far?

Market-based sales put at risk are the financial lifeblood of some utilities, especially those of the multi-billion-dollar, vertically integrated variety. Those that fail FERC's market-power test will be forced to sell their excess generation at cost-based rates — a "death penalty," according to some utility CEOs.
Byline: 

Richard Stavros

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The New CEOs

Whether utility leaders come from law, engineering, or finance, one thing can be said: Many of the new CEOs have had diverse experiences.

Our annual CEO survey looks at six new utility leaders: Mike Morris of AEP, Robert McGehee of Progress Energy, Michael Chesser of Great Plains Energy, Gary Rainwater of Ameren Corp., Dennis Wraase of PEPCO, and Paul Anderson of Duke Energy.
Byline: 

Richard Stavros

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People

People for April 2004.

Positions filled at the House Energy and Commerce Committee, Duke Energy, Entergy, and others.
Byline: 

PUF

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Taking Utilities Private: Return of the Barbarians

Experts debate whether KKR's leveraged buyout of UniSource Energy is right for the industry.

“From a public policy standpoint, should a utility that provides a vital public good be owned by a private group that gains ownership by taking on a high degree of debt (risk)?” Mark T. Williams, executive-in-residence at the Finance & Economics Department at Boston University, identifies the quintessential issue that will no doubt be heatedly debated in boardrooms and commissions as more utility CEOs are tempted to become private utilities through a leveraged buyout transaction. And tempted they will be.
Byline: 

Richard Stavros

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People

People for February 2004.

New opportunities at Duke Energy, Northeast Utilities, Progress Energy, and more.
Byline: 

PUF

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People

People for January 2004.

Positions filled at Southern Co., Southwest Power Pool, Avista Corp., and others.
Byline: 

PUF

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