ConEd, public safety, and the regulatory response.
Scott Strauss and Peter Hopkins
Last summer’s union lockout at Consolidated Edison raised novel legal and regulatory questions that remain unresolved. Organized labor can strike, and management can respond, but do state utility commissions have authority to end a lockout that threatens service?
Panda Energy awards turnkey $300 million turnkey contract to Siemens and Bechtel; Dominion starts up 585-MW CFB plant; Ocean Power Technologies and Lockheed Martin partner on wave power project; Infigen awards wind turbine service contract to Mitsubishi; ITC commissions 345-kV line in Oklahoma; ABB tests world’s biggest DC transformer; Xcel gets green light for Tres Amigas-area transmission upgrades; plus contracts and announcements from Elster, Sensus, Enertech, and others.
Duke and Progress complete their merger; NRG agrees to acquire GenOn; Algonquin acquires National Grid's New Hampshire distribution business, and acquires an interest in Gamesa's Sandy Ridge wind project; plus other equity and debt transactions, totaling more than $34 billion.
Doing the right thing can drive utility stock performance.
Richard Rudden and Kyle Rudden
Utilities get little credit for their efforts to strengthen the sustainability of their businesses. But these efforts have paid dividends in stock performance, capital costs, regulatory relationships, and brand value. Capturing the greatest value for shareholders will require utilities to become better understood as socially responsible enterprises.
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