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Fortnightly Magazine - June 1 2002

Off Peak

Off Peak

June 1 , 2002

Distributed Generation: Hype vs. Hope

Separating myth from reality in identifying DG applications.
Jonathan A. Lesser, Ph.D. and Charles D. Feinstein, Ph.D.


Standby Generation: A New Proposition

A cost/benefit analysis of full interconnection of customer-owned standby generators.
Joshua Meyer, John Farls, and Dennis Troester

Leadership and Credibility in Uncertain Times

James Ferland Chairman, President, and CEO of Public Service Enterprise Group
Mark Hand

"One lesson, of course, is you can't raise prices too high, too fast. I think that's clear. You get what I call the French Revolution syndrome."

Strategy Gurus: Managing Under Chaos

Post-Enron management philosophies for surviving uncertain times.
Jennifer Alvey

Energy Execs: Not Everybody Gets Top Dollar

Compensation is still inconsistent, especially compared with other industries.
Richard Stavros

"We're three and bit months into the real competitive market in Texas. It will be a remarkable thing if a change as dramatic as we're seeing there went smoothly and without a hitch.""

Energy Earnings and FASB: A Volatile Mix

Understanding how the "normal purchase and sale exclusion" under FASB 133 affects earnings volatility.
Mike Walker

Derivatives in the Boardroom?

Positioning the risk professional in the corporate hierarchy.
David C. Shimko


Bursting The Bubble

Merchants' trading volumes and revenue are still too inflated.

Merchant energy trading and marketing certainly has represented a valuable earnings growth vehicle to many utilities. That much is certain. But in the post-Enron world, many continue to question the legitimacy of the practice of inflating revenues through the trading business to bolster the company's financial picture. At least that's the view of the Petroleum Finance Company (PFC), which recently conducted a study called "Distorting Reality? Inflated Sales of Energy Traders."


Even a very small percentage of reduction in consumption could have helped avert such interruptions of service.



Dear Editor: