[BETA] Fortnightly

(February 2012) OGE Energy announces executive shifts; Georgia Power announces organizational changes and appointments; ConEdison and NRG Energy name new vice presidents; plus senior staff changes at UniSource Energy, Public Service Enterprise Group, Conservation Services Group, and others.

(February 2011) PPL acquires E.ON U.S. LLC, NRG Energy acquires generating station from Kelson, ArcLight Capital buys into OGE’s Enogex Holdings LLC joint venture and more ...

(January 2011) PPL acquires E.ON U.S. LLC, NRG Energy acquires generating station from Kelson, ArcLight Capital buys into OGE’s Enogex Holdings LLC joint venture and more ...

Although problems in the power business grabbed the headlines early this decade, the industry now seems fundamentally strong. In contrast to their ratings of banks, rating agencies appear to have recently upgraded more of the electric sector than they have downgraded. It remains a strong investment grade, usually BB or BBB. For an index of 68 electric utilities, the debt-to-equity ratio averaged only 55:45 and return on equity exceeded over 13 percent through January.

American Electric Power named Michael Rencheck senior vice president and chief nuclear officer for its D.C. Cook Nuclear Plant in Bridgman, Mich. The American Public Power Association elected Roger B. Kelley to its board of directors. OGE Energy Corp. named Danny P. Harris as COO. Glen Justis joined Deloitte & Touche LLP as a director in the global energy markets group of the organization’s regulatory and capital markets practice. And others...