Frontlines
The United States must turn overseas for natural gas supplies, in spite of worries about energy independence.
Dynegy
Benchmarks
Significant obstacles stand in the way of achieving cost savings that should accrue to market-based emissions trading policies.
People
New Positions:
New Positions:
Virginia's State Corporation Commission (SCC) named Howard M. Spinner as director of its Division of Economics and Finance, replacing Richard J. Williams. Williams is retiring after 22 years with the commission. Spinner has been with the SCC since 1998.
The Western Electricity Coordinating Council board of directors elected Jack L. King as its chair and Ronald D. Nunnally and Tim Newton as vice chairs.
Business & Money
Cash flow reporting is more susceptible to manipulation than investors imagined.
Cash flow reporting is more susceptible to manipulation than investors imagined.
Financial results are the prism through which investors view performance in the world of business. Companies may have tens of thousands of employees supplying tangible goods and services to customers, but real and diverse activities are reduced to relatively few numbers when companies are valued.
Business & Money
An evolving market demands a greater focus on power prices and required return on equity.
An evolving market demands a greater focus on power prices and required return on equity.
Valuation can be difficult even in stable markets, and executives setting their company's strategic course need to understand how the market for power projects is evolving and what may lie ahead.
People
New Positions:
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.
People
Confirmed:
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.
People
New Positions:
New Positions:
Martin Crotty and Dr. Soumen Ghosh joined SeaWest WindPower Inc. as senior vice president of operations and maintenance, and senior product manager of data services, respectively. Most recently, Crotty was director of operations for the Western Region of NRG Energy. Ghosh spent more than five years at ABB System Control and more than nine years at CMC.
Business & Money
A top investor explains what it would take for utilities to be included in one of the best-performing funds in the U.S.
Measuring Up to Jensen
A top investor explains what it would take for utilities to be included in one of the best-performing funds in the U.S.
Passing the standards for inclusion in the $1 billion plus Jensen Portfolio Fund is like being crowned the best-of-the-best in a given industry, analysts say.
Commission Watch
FERC looks ahead to the new year as it wraps up loose ends from 2002.
FERC: SMD/Grid Issues Lead 2003 Agenda