Progress Energy

Power Measurements

The new Clean Air Interstate Rule is having an unexpected impact on power generation asset values.

With compliance costs estimated at $50 billion to $60 billion during the next 15 years, the Clean Air Interstate Rule (CAIR) affects just about every market participant in the electric power industry.

CFOs Speak Out: Looking Beyond Power

Chief financial officers discuss new strategies and the possibility of further convergence inside and outside the energy industry.

A whole new cast of characters is expected to enter the energy industry—overseas ventures, telecom firms, insurance companies, and financial-services groups. But even as the future seems to hold boundless opportunity, utility executives and industry experts continue to disagree on what sort of consolidation is right.

EPA's Big Bet on Green Trading

Environmental Emissions: The cost to power markets of the Clean Air Interstate Rule depends on the ability to trade mercury.

The decision to limit mercury provides cover for utilities reluctant to spend on controlling NOx and SO2, while boosting other companies

The Man Who Would Be King

Exelon Chairman, President, and CEO John W. Rowe, on the proposed merger that would create the largest utility in the United States.

Exelon CEO John W. Rowe would head the largest utility in the industry, if a proposed merger with PSEG goes through. By creating a $40 billion market-capitalization utility, the newly formed company would be 60 percent larger than its nearest market-cap peer, and would have total assets of approximately $79 billion, with almost $25 billion in annual revenues and $3.2 billion in annual net income.

People (January 2005)

AGL Resources announced the reorganization of its six-state territory into two divisions. Briggs L. Tobin was named GE's senior counsel for transactions. The Board of Directors of CH Energy Group Inc. appointed Joseph J. DeVirgilio Jr. to the position of executive vice president of corporate services and administration. And others ...

People

People for September 2004

Filled positions at the California PUC, PG&E Corp., FERC, and others.

People

People for July 2004.

Positions filled at American Electric Power, Schneider Electric, Foster Wheeler Energy Limited, and others.