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Apr 28, 2014 | New York, NY
May 05, 2014 to May 08, 2014 | Las Vegas, Nevada

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Public Utilities Reports

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e-Commerce Collusion? The Trustbusters Take Aim

Privacy Concerns: Can Gaming Be Prevented?
Richard Stavros

 

The Federal Trade Commission likely will regulate those business-to-business Web portals, but how much?

Electric utility executives may be a step behind the Internet revolution, but in one key respect they may have an advantage over anyone else building an e-commerce Web portal for business-to-business (B2B) procurement.

Utility executives don't fear government regulation. They're already caught in the net.

Mexico, Cuba: Next Hot Spots for Energy?

Charles W. Thurston

 

Both look overseas for project developers, but some U.S. firms worry they'll miss out.

Boom and Bust? Understanding the Power Plant Construction Cycle

Rising energy demand could spur investment in waves, but a fixed capacity charge might flatten the curve.
Andrew Ford

 

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Public Utilities Fortnightly


Tracking Stock for Utilities: Highway to Higher Valuations?

Ajay Gupta is an attorney and economist and currently a senior associate in the San Francisco office of Analysis Group/Economics, a consulting firm. Previously, he practiced corporate law in the London office of Gibson, Dunn & Crutcher LLP, where he specialized in securities offerings, energy, and petrochemical project finance transactions and cross-border mergers and acquisitions. He can be reached at agupta@ag-inc.com.

Telecoms may offer IOUs a model for multiplying market caps by dividing their shareholdings.

April 1, 2000

Off Peak

Regina R. Johnson

Electric utility stocks bottomed out in 1999. It's up to managers to lead a rally.

The allure of technology stocks and rising interest rates combined to make 1999 the worst year for electric utility stocks since 1974, according to market analysts. But they see upside potential in the under-performance of these stocks, and say utility managers can play a role in attracting investors.

Frontlines

Bruce W. Radford

Having now passed a rule that takes very few chances, the FERC must decide what's in store for investors.

Whatever happened to the Sunshine Act - the law that tells government officials to hold their meetings in the open?

That's what all of us in the trade press wanted to know on Dec. 15, when Chairman James Hoecker kept us waiting all morning and well into the afternoon, while he and his cohorts at the Federal Energy Regulatory Commission debated in secret on the ninth floor over the future of the electric utility industry.

News Digest

Mergers & Acquisitions

Joint Ventures. The Federal Trade Commission, in consultation with the Antitrust Division of the U.S. Department of Justice, issued draft antitrust guidelines for "collaborations among competitors" that will apply to a wide range of joint ventures and strategic alliances other than actual mergers.

Such collaborations would include R&D efforts, information sharing and joint efforts in marketing, distribution, sales or purchasing, plus various types of trade association activities. File No. 971201, Oct. 1, 1999 (F.T.C.), published at 64 Fed. Reg.

Energy Innovators: Ringing in an Age of Enlightenment

Richard Stavros, Regina R. Johnson, and Bruce W. Radford

Six executives map out the technology, tools, theories and institutions that could change the face of electricity forever.

Liberty is the most important component of enlightenment.

Turning Capital to Wealth: A Ranking of U. S. Utilities

S.R. Rajan, Ph.D.

An alternative measure of performance - not based on dividends, earnings growth or P/E ratios.

How to place a value on a utility company? That is the question.

The traditional models no longer work very well. Dividend discount models will not work well if utilities cut dividends and buy back stock to return capital to the shareholders. Earnings growth offers no reliable performance gauge either, as utilities acquire or divest large amounts of capital. Restructuring charges often become necessary to shift resources to their best use.

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