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Sempra Energy

What Is Your Power Portfolio Really Worth?

Change is the only certainty in today’s market.

The past year has allowed the North American power sector to continue its recovery, but it has been a treacherous time for investing. Asset values, and the value of their associated debt instruments, are being driven in the short term by an extreme fuel market and in the long term by a back-to-basics mindset among electric utilities. Still, asset valuations in most markets are not yet at replacement costs, leaving current investors with a residual level of risk.

Byline: 

Devrim Albuz and Mark Griffith

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People

(September 2005) The Consolidated Edison Inc. board of directors elected Kevin Burke as a member. Great River Energy named Greg Ridderbusch vice president, business development and strategy. Millennium Pipeline named Dick Leehr as president. And others...

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Going to the Bank

Financial buyers are snapping up power plants faster than at any time in history. The asset shift represents an interim step in a wholesale-market transformation.

A dam broke last year, releasing a wave that even now is spreading through the U.S. power industry. Deals that had been languishing on the auction block for months suddenly surged forward in 2004, and assets began changing ownership at a torrential pace. Understanding what this means for the power industry requires a long-term perspective on wholesale-market trends.
Byline: 

Michael T. Burr

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Gas Executives Forum: The New Downstream Dynamic

Gas distributors tell how their business strategies are changing in response to issues such as higher gas prices, electric M&A, LNG, and gas pipeline development. 

Does the push for liquefied natural gas raise more questions than it answers? Will natural-gas prices level off? Gas executives from Duke Energy, New Jersey Natural Gas, National Grid USA, Sempra Energy, and Southern Co. tackle the most pressing issues.
Byline: 

Michael T. Burr

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People

People for August 2004.

Positions filled at FERC, Colorado PUC, CMS Energy, and others.
Byline: 

PUF

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Business & Money: Bringing Back The Greenbacks

A spate of proposed U.S. tax rule changes soon may open a window of opportunity for certain utilities.

The proposed Homeland Investment Act on Repatriation may soon open a window of opportunity for U.S. companies with unrepatriated foreign earnings. If passed, it potentially would allow U.S. utilities to bring money back into the country without harsh tax penalties, thereby freeing up capital to reinvest in assets here, pay down U.S. debt, or fund other liabilities.
Byline: 

Todd M. Landau, Tadd A. Fowler, and Craig King

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LNG Rising

Despite development challenges, LNG capacity is destined to play a bigger role in the U.S. energy mix.

Liquefied natural gas tankers and terminals are being developed and built at a dizzying pace to head off natural gas shortages in the U.S. market. How big a role will it play in years to come?
Byline: 

Michael T. Burr

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Business & Money

Wall Street bankers say utilities are not effectively telling their story.

Business & Money

Wall Street bankers say utilities are not effectively telling their story.

Byline: 
Richard Stavros
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People

New Positions:

People

New Positions:

The Nuclear Energy Institute elected Stephen R. Tritch and Mark F. McGettrick to its board of directors. Tritch is Westinghouse Electric Co. president and CEO, and McGettrick is president and CEO of generation at Dominion Energy.

Paul B. Vasington, former chairman of the Massachusetts Department of Telecommunications and Energy, joined the Analysis Group as vice president, based in the company's Boston office.

Byline: 
We welcome submissions to People, especially those accompanied by a high-resolution color photograph. E-mail to: photos@pur.com
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