Calendar of Events

Sep 29, 2014 to Oct 03, 2014 | Michigan State University, Lansing MI
Oct 01, 2014 to Oct 03, 2014 | Washington, DC

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Public Utilities Reports

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PUHCA Companies: Caught By Superfund

An analysis of holding company liability under federal Superfund and parallel state laws.
Kenneth R. Myers, Esq.

An analysis of holding company liability under federal Superfund and parallel state laws.

Environmental cleanup to meet federal and state requirements carries substantial costs that tend to rest disproportionately on public utilities. Looking back at their corporate history, a few utilities have discovered some unique tools to reduce this economic burden.

Caveat Emptor: Bottom Fishing With No Regrets

The pros and cons of waiting for the seller to declare bankruptcy.
Jeffrey C. Krause

The pros and cons of waiting for the seller to declare bankruptcy.

Sometimes a great opportunity is just too good to be true. Consider, for example, a purchase of distressed assets from one of the many energy companies now mired in well-publicized financial difficulties.

The Merchant Asset Fire Sale: Deal of the 21st Century?

Companies that were on a buying spree before 2001 are putting assets worth billions n the block
Michael T. Burr

Companies that were on a buying spree before 2001 are putting assets worth billions n the block

A casual observer might expect that the industry's economic condition would produce a cornucopia of cheap assets for acquisitive companies . Eventually it might, but so far, it generally has not.

Commission Watch

While electric restructuring pauses, telecom pushes forward.
Phillip S. Cross

State PUCs Show Split Personality

 

 

While electric restructuring pauses, telecom pushes forward.

No matter which way they turn, state public utility commissions (PUCs) have their work cut out for them.

While federal policy-makers push ahead with wholesale market reforms in the electricity sector, many at the state level now call for a cautious approach to protect consumers.

Business & Money

Energy experts debate the pros and cons of the Bush administration's proposal to eliminate the double taxation of dividends.
Richard Stavros

Double Taxation Repeal: Fire or Ice?

 

 

Avoiding Overpriced Risk Management: Exploring the Cyber Auction Alternative

Should an LDC procure electricity hedge products by using an Internet-based auction?
C.K. Woo, Michael Borden, Ron Warrington, and Winston Cheng

Should an LDC procure electricity hedge products by using an Internet-based auction?

We propose that local distribution companies (LDCs) should use an Internet-based auction to procure inactively traded products, because the auction is a superior alternative to common procurement methods, such as bilateral negotiation and request for offers (RFO). Supporting our proposal is the empirical evidence from two auctions recently held by a municipal utility in Florida.

Frontlines

Presenting a new look and new editorial content for 2003.
Richard Stavros

Fortnightly: A New Frontier

Presenting a new look and new editorial content for 2003.

In this Jan. 1, 2003, issue, Public Utilities Fortnightly magazine takes pause in this column from its energy industry commentary to tell readers about several important developments at the magazine.

Fashionably Retro

Why rate base is back in style.

Richard Stavros

It's no surprise that traditional utilities are now fashionable with Wall Street. With merchant generation and energy trading gone bust, bankers, analysts, and fund managers at the 37th Edison Electric Institute Financial Conference, held last month in Palm Springs, Calif., were falling over themselves to find those regulated gems overlooked during the energy merchant boom years.

The CIO Forum: IT Weathers the Storm

In the rough-and-tumble energy biz, IT departments are paddling hard to stay afloat.
Jennifer Alvey

In the rough-and-tumble energy biz, IT departments are paddling hard to stay afloat.

The storm that Enron ignited last fall shows little sign of abating. Information technology (IT) departments at every energy company have had to react to rapidly changing conditions, whether it be shrinking budgets or nervous workforces.

Measuring and Managing Utility Credit Risk: Taking a Page from Wall Street

Adopting a portfolio approach to credit risk is the answer.
Jim Rich and Curtis Tange

Adopting a portfolio approach to credit risk is the answer.

How times have changed from the "good old days" of credit risk management. No longer can credit managers hide behind the false comfort that they only approve transactions with companies that pay their bills.

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