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Pace Global Energy Services

People (August 2011)

Dynegy names new president, adds three former NRG execs to corporate staff; Pace Global Energy Services announces new v.p. in the renewable energy development group; Mid Atlantic Conference of Regulatory Utilities Commissioners elects president; plus senior staff changes at Sempra Energy, Southern Company, Constellation Energy Nuclear Group, and others.
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People

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People

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We welcome submissions to People, especially those accompanied by a high-resolution color photograph. E-mail to: photos@pur.com
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Did Power Plant Buyers Pay Too Much?

A line-by-line case study of two high-priced portfolios, comparing fixed, variable and capital costs against forecasts of regional market prices.

A multi-billion-dollar wave of utility divestiture and power plant auctions has taken place during the last 18 months. Table 1 details some of these transactions, including the purchase price on a dollar-per-kilowatt basis and as a multiple of net book value. These measures frequently are cited as indications that buyers paid too much.

Byline: 
Art Holland
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