Cap-ex plans raise the stakes for utility mergers.
Investors historically have been skeptical about merger synergies in utility mergers, assuming that regulators will insist that most or all economic benefits flow to customers. However, recent transactions suggest utilities are taking a different approach to valuing synergies that might strengthen the case for mergers — not just for the merging parties, but also for investors and regulators.
As green mandates tighten, utilities scramble to comply.
Mandatory renewable portfolio standards are becoming the norm. But after low-hanging green fruits are harvested, renewable power might get scarce. Many utilities will struggle to meet RPS requirements until lawmakers create stable federal policies and a national market for green credits.
Utilities test new models to encourage investments in efficiency and conservation.
The industry is struggling to reconcile legacy business models with emerging green priorities. CEOs at Green Mountain Power, Progress Energy, IDACORP, Pepco Holdings, and Reliant Energy explain their perspectives on financing investments in conservation and efficiency.
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Duke Energy made several changes to its executive leadership. Dick Blackburn said he would retire as the company's executive vice president, general counsel, and chief administrative officer. He had been with the company since 1997. Duke also named Bill Easter chairman, president, and CEO of Duke Energy Field Services, replacing Jim Mogg, who moves up to group vice president and chief development officer for Duke Energy.