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Public Utilities Reports

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Fortnightly Magazine - April 2004

Banking on Predictability

A renewed capital investment structure is required for long-term investment in power infrastructure.
Frank A. Napolitano

A renewed capital investment structure is required for long-term investment in power infrastructure.

The bank markets and the long-term fixed income markets, or institutional investors, have long memories, and their pain is still fresh. Over the last few years, they have had to watch their investments in power infrastructure become distressed, bankrupted, or reorganized.

keys to Transmission and Distribution Reliability

A coordinated approach helps control costs.
Stephen W. Chapel   Jonathan A. Lesser

A coordinated approach helps control costs.

Historically, transmission and distribution assets have been quiet utility stepchildren- generally ignored by both regulators and senior utility management while, their generating asset relations remained in the limelight. But as restructuring of the electric industry evolved in the 1990s, a looming competitive environment created strong pressures within utilities to reduce spending.

Frontlines

Electricity rates may be heading skyward sooner than we think.
Richard Stavros

Frontlines

Electricity rates may be heading skyward sooner than we think.

Are state regulators in danger of bringing about the thing they most fear-higher electricity rates? Critics charge that some regulators seem to be opening up the cookie jar, letting utilities have as they please with no supervision.

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