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...
Robert W. Foy replaced Charles H. "Bud" Stump as chairman of California Water Services Co. Stump, who has been with the company 45 years, will remain on the board. Foy, president and CEO of Pacific Storage Co., has been a CWS director since 1977.
The Gas Research Institute board of directors elected Christine A. Hansen and Stanley C. Horton as new members. Hansen, executive director of the Interstate Oil and Gas Compact Commission, joins GRI as an at-large director. Horton, of Enron Interstate Pipeline Group and Enron Operations Corp., becomes an interstate pipeline company director.
Georgia R. Nelson was promoted to president of Mission Energy Co.'s Americas Division and senior v.p. of worldwide operations. Previously, she was a senior v.p. at Southern California Edison. Mission Energy is a subsidiary of SCEcorp, the parent of SCE. Nelson succeeds Robert Dietch, who is retiring.
In another SCEcorp personnel change, William J. Heller joined the company as senior v.p. of strategic planning/ new business. Heller's hiring coincides with a reorganization to "streamline" the company. Heller comes from the Los Angeles energy practice of McKinsey and Co., Inc.
Allegheny Power System, also improving efficiencies, has consolidated its bulk-power supply functions and selected three people to head the major business units. Donald R. Feenstra was made v.p./ generation; David Benson, v.p./transmission; and Karl V. Pfirrmann, v.p./planning and compliance.
Richard J. Goldstein, Regents' Professor at the University of Minnesota, was elected president of the American Society of Mechanical Engineers. He takes office in June.
Potomac Electric Power Co. promoted Kim M. Watson to manager, educational services and consumer relations. Watson recently was customer relations manager and has been with the company 11 years.
Jean S. McCarthy has joined Connecticut Natural Gas Corp. as human resources director. She comes from The Napier Co.
Jennifer D. Lowell, recently deputy director of quality improvement with the U.S. Air Force, has joined Aquarion Co.'s Bridgeport Hydraulic Co. Lowell will be total quality manager, replacing Kirstin Reeve, who left the company last October.
David M. Jagger was picked as chairman of Maine's largest electric utility, Central Maine Power Co. Attorney Charles H. Abbott was elected vice chairman. Both men have served on the board since 1988. Jagger, president of a textile firm, succeeds Carlton D. Reed, Jr., who is retiring from the board.
Pacific Generation Co., a PacifiCorp subsidiary, is expanding into domestic and international markets and has hired three new directors to carry out business development plans: Jim Gilbert, formerly of Magma Power Co., and Daryl Hartnett, recently of Mission Energy Co., will lead domestic efforts; Steve Skidmore will handle international development in India. Skidmore comes from Energy Services International.
Two other recent PGC hires include Greg Retzlaff, engineering and project development director; and Jean-Claude Paris, finance manager. Retzlaff previously worked at LFC Power Systems; Paris was at North America Morpho Systems, Inc.
John R. Lewis was named senior v.p./ exploration-production at CNG Producing Co. He has been acting in the v.p. slot since April last year, and prior to that was g.m., geological engineering services, at CNG headquarters.
Also at CNG,