In-state green mandates face Constitutional challenges.
By Richard Lehfeldt, Woody N. Peterson, and David T. Schur
In effort to promote local green energy resources, some states are enacting policies that tread on federal authority. Restrictions on power imports to satisfy RPS requirements might violate the Commerce Clause of the U.S. Constitution. Can the states foster home-grown energy without running afoul of federal laws?
Unlike the first generation of domestically sourced plants, new reactors being built in America will draw from a global supply chain for a wide range of materials, equipment and services. This poses a more complex set of challenges, from obtaining talent and material to qualifying and validating product sources.
After ratepayers brought a class-action lawsuit against distribution utilities, Texas regulators commissioned a study of the state’s new smart meters. The study explains why customers reacted the way they did, and offers insights into how the industry can avoid a Texas-style backlash.
Building a workforce for today’s utility landscape.
Victor Synylo and Philip McLemore
Utilities can attract a new generation of employees by emphasizing the transformation the industry now faces, and the immense opportunity it creates. Matching mature workers’ vast experience with new technologies can provide unique perspectives that knowledge of new technologies alone can’t provide.
Lockheed Martin teams with Tendril; Pattern Energy 101 MW wind plant starts operating; Alstom to supply steam equipment to GWF plant; Siemens wins government efficiency contract; GE Jenbacher introduces high-efficiency gas engine; OpenADR Alliance forms; Better Place gets into San Francisco taxis; EnerNOC enters TransAmerica Pyramid; and more.
(December 2010) Northeast Utilities buys NStar in $4.3 billion stock deal; Toyota Tsusho buys into Oyster Creek Cogeneration; ITOCHU buys into wind farm; Atlantic Power buys wood-fired plant from ArcLight; plus equity and bond deals totaling nearly $3 billion.
In terms of the political calculus, GHG regulation faces an uncertain future, at least into 2013. And as a flood of cheap gas erodes the perception of an impending environmental crisis, politicians will have less incentive to impose carbon constraints. Does shale gas signal the end of the road for greenhouse gas regulation?
(December 2010) Steven Specker joins Southern Company board; Chesapeake Utilities names Michael McMasters CEO; Ethics inquiry leads to dismissals and new president at Duke Indiana; plus executive management announcements at American Transmission, Oncor, FirstEnergy, Alliant, NYISO, Gridwise Alliance, the Organization of MISO States, and more ...
How the new standards affect utility balance sheets.
Bente Villadsen, Amit Koshal & Wyatt Toolson
Over the next year (or years), companies in Canada and the U.S. will make the transition towards adopting International Financial Reporting Standards (IFRS). These standards will have a substantial effect on the reporting requirements and financial disclosures of regulated companies. Utilities are preparing their accounting processes to meet a new regulatory standard.
For decades, global uranium suppliers have been providing low cost reactor fuel in plentiful supplies. However the market is changing, and nuclear fuel prices are set to increase. Some plants will be affected more than others, but the age of uranium cost certainty is coming to an end.
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