The time-honored discounted cash flow method for determining appropriate utility returns falls short when interest rates are low. Inadequate ROEs ultimately increase cost of capital and wipe away...
Will Calpine's "Plan B" Restructuring Work?
The resource overbuild in the West complicates the company’s efforts.
Alberta and 1,500-MW Mohave Station assumed to be on cold standby, but not counted toward WECC reserve margin. Also, Global Energy refined the dependable capacity ratings of various units in the WECC, which resulted in lower total capacity relative to the fall 2005 forecast.