Experts debate the risks of a proposed acquisition that would increase the largest nuclear fleet in the country.
Even as many energy and financial experts are touting the so-called “synergies” of the proposed merger between Exelon and PSEG, some are growing concerned over one of the deal’s chief selling points: the high concentration of nuclear power.
What does the current landscape look like for distributed energy resources? What applications and business models are being pursued by leading companies, and where can we expect to find DER in the next 10 years – in 2015?
A short list of questions that every board member and senior manager should be able to answer.
Brett Friedman and Tim Essaye
“We pursue a disciplined approach to risk management" says the CEO of a major utility during the company's earnings call with analysts and investors. In this era of increased scrutiny over corporate governance, how can senior management and the board be certain that this statement is accurate, and where does the discipline begin?
Pressure for national legislation builds as the Northeastern U.S. goes it alone and carbon trading takes off in the European Union.
Domestic and international pressures are building rapidly on the United States to enact some form of legislation to curb greenhouse-gas emissions, as a spate of recent developments turns up the heat on the Bush administration. Internal pressure is building on several fronts
The states are getting into the act on greenhouse emissions, and the power industry is getting more proactive. What policy measures are appropriate?
Sanne B. Jacobsen, Neil J. Numark And Paloma Sarria
Proponents of mandatory carbon limits – though increasing in number – still constitute a minority within the utility industry. Most utilities prefer voluntary greenhouse-gas (GHG) emissions reductions, or take the view that CO2 should not be considered a pollutant at all.
The UK offers a model for renewable energy growth.
The United Kingdom stands at the forefront of renewable energy market development. The 2002 Renewables Obligation sets out a progressive strategy for achieving environmental protection, energy reliability and a competitive marketplace for industry and investment. The goals are ambitious: generating 10 percent of total UK electricity supply from renewable sources by 2010; 15.4 percent by 2015; and 20 percent by 2020.
Several hurdles remain to further liberalization and full competition in the electricity sector.
Bridgett Neely & A.J. Goulding
Two major trends can be observed in Europe’s electricity sector. First, the increasing importance of private-sector participation in a sector that was traditionally viewed as belonging to the state. The second major trend in Europe is that of the massive amount of merger and acquisition activity across the continent. At the same time, several hurdles remain to further liberalization and full competition in the European electricity sector.
An analysis of competitive power markets finds that oligopolies are the end game for liberalized power markets.
Dr. Anthony White, MBE
The British wholesale power market is about to enter a new phase. Having enjoyed a long period of surplus capacity, the combination of the forced retirement of some nuclear plant and continued demand growth is likely to lead to a capacity shortage within the next three to four years, and it is by no means clear whether the market, as it currently operates, will be able to maintain secure supplies.
What happens when economists and state regulators give up on electric restructuring?
It’s not to be taken lightly when several high-profile economists reverse themselves on electric competition—giving up on policies they had pushed for years. It’s also quite serious when regulators and legislators in pro-competitive states become willing to discuss a repeal of electric restructuring laws. These developments, seen over the fast few months, have set the industry buzzing.
New Opportunities: Dynegy Inc. announced that Carolyn M. Campbell has been named group general counsel-corporate finance & securities, and corporate secretary. Campbell joins Dynegy from Akin Gump Strauss Hauer & Feld LLP.
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