FirstEnergy closes $4.7 billion stock acquisition of Allegheny Energy; BHP Billiton agreed to by shale gas interests from Chesapeake Energy; Capital Power to acquire gas-fired cycle power plants from Brick Power Holdings and others.
Because we can’t define the consequences of nuclear accidents — and because radioactivity is invisible and undetectable without a Geiger counter — nuclear power’s risks are like shadowy monsters of unknown proportions, inspiring irrational fear. But that’s no excuse for complacency. Learning the lessons of Fukushima-Daiichi requires first acknowledging that we might have overestimated our ability to manage nuclear risks.
A proposal for utility regulatory and industry reform.
With America’s balkanized and under-staffed regulatory construct, utility companies are left struggling to achieve true scale economies or make real progress toward achieving national energy goals. This retired IOU executive says it’s time to redesign—and strengthen—the regulatory framework.
Ameren announces new executive positions; The New York State Smart Grid Consortium names first executive director; Constellation Energy selects lead for solar sales and green initiatives; plus senior staff changes at Puget Sound Energy, Baltimore Gas & Electric, Pacific Gas and Electric, Central Vermont Public Service, Tennessee Valley Authority, and others.
Depreciation accounting methods can trim revenue shortfalls.
Utilities and regulators are stuck in a rut, treating rate-base assets in a traditional way and depreciating their value according to a straight-line calculation. But alternative accounting methods might provide a more accurate and financially justifiable way to treat depreciation of utility capital assets.
Why the green grid might do better without open access.
Bruce W. Radford
Are the Feds at war with green power development? You might have thought so, if you had sat through the conference held March 15, 2011, at the Federal Energy Regulatory Commission, where the consensus seemed to be that FERC’s policy of granting open-access rights on electric transmission lines is problematic for green power projects. In short, when wind and solar developers choose to build their own local tie lines to link their projects to the larger grid, FERC policy forces them to make extra line capacity available to rival developers. That requirement doomed the novel Wind Spirit Project, and continues to complicate the job of project financing.
With budget battles heating up in Washington, Congress and the Obama administration are squaring off to debate energy policy legislation. While Democratic leadership favors a clean energy standard, Republican lawmakers are focused on blocking administration initiatives to regulate greenhouse gas emissions. A compromise approach might bring substantial changes to America’s national energy strategy.
What conservation potential assessments tell us about ‘achievable’ efficiency.
M. Hossein Haeri
Regulators across the country are relying on conservation-potential assessments to guide their policy decisions. Models based on macroeconomic analysis, end-use forecasting and accounting measurements provide different ways to assess the achievability of conservation and efficiency goals.
Where tax rates are too high, grid investments suffer.
James M. Seibert
As the industry works to modernize the national T&D infrastructure, utilities are investing dollars that ultimately increase their cost of service—and therefore end-use prices. To cover their investments, many companies are taking a close look at their tax-management policies.
Evolutionary directions for electric system architecture.
Merwin Brown, Lloyd Cibulka and Alexandra von Meier
How will the technology and policy changes now sweeping through the industry affect the architecture of the utility grid? Will America build an increasingly robust transmission infrastructure, or will we rely more on distribution intelligence and microgrids? Scholars at California’s Institute for Energy and Environment analyze various scenarios to predict the possible futures.
Public Utilities Reports 11410 Isaac Newton Sq., Suite 220, Reston, VA 20190 Voice: (703) 847-7720 | Toll Free: (800) 368-5001 FAX: (703) 847-0683
Dear Reader: Welcome to our new website! We’ve spent the past several months rebuilding Fortnightly.com from the ground up, and we’re now in the process of putting it through its paces. We’ll announce our Grand Opening shortly, but in the meantime we hope you’ll excuse our mess, while we bring Public Utilities Fortnightly magazine to an all-new online platform. Your feedback is welcome!