Sempra board names Debra Reed chairman; Entergy utilities and FENOC appoint new CEOs; Rep. Heath Shuler becomes Duke’s federal affairs v.p.; Dominion gets new CIO; NARUC names new officers; plus executive appointments at Constellation, ITC Holdings, Gas Technology Institute, and others.
(January 2013) Entergy acquires Kgen gas-fired plants in Arkansas and Mississippi; TransCanada buys BP share of Alberta gas storage facility; PSE acquires Tenaska plant; AEP issues $850 million in debt; Duke units float $650 million in bonds; plus debt issues by NextEra, Southern Company, Entergy, and others totaling nearly $3.2 billion.
(January 2013) Dominion Virginia Power contracts Alstom for HRSGs at 1,300-MW Brunswick County station; Entergy acquires KGen plants; San Diego Gas & Electric installs new outage management system; ChargePoint enters reseller agreement with Service Solutions; Saft to install battery storage project at High Wind project in Saskatchewan; NRG’s eVgo finalizes plans for California charging network; plus contracts and announcements from ABB, ADT, Elster, Itron, ElectroIndustries, Opower, Panasonic, FirstEnergy, PacifiCorp, and others.
(December2012) KC Electric Association expects soon to finalize installing a Sensus FlexNet network and iCon A electric meters to serve about 4,000 residential and small commercial members across a 5,000-square-mile territory in rural Colorado. Itron and C3 Energy formed an alliance to integrate and jointly market an energy management solution to North American utilities. And others...
Utilities face rate pressure as financing costs hit rock bottom.
Fortnightly’s annual rate case survey is designed to give readers a look at rates of return on equity (ROE) awarded in state-level retail base rate proceedings for electric and natural gas utility companies. An examination of the reasoning and commentary contained in these orders provides a glimpse into economic factors considered by regulators as they seek to balance the interests of investors and consumers when authorizing utility ROEs.
(November 2012) Westinghouse Electric names former Progress Energy Executive as president and CEO. FirstEnergy makes numerous executive changes and appointments; Pepco hires new general counsel; plus executive appointments and announcements at AEP, PPL, PG&E, ITC Holdings, Dominion, EPRI, SEIA, and others.
A challenging year brings a change in the rankings.
(September 2012) Our annual financial ranking shows some remarkable shifts among the industry’s shareholder value leaders. Despite flat demand and low commodity prices, investor-owned utilities are investing heavily in capital assets. Investment discipline and operational excellence distinguish leaders on the path to financial performance.
James Rogers grabs CEO position at Duke-Progress; FirstEnergy promotes executives; JEA names Belechak CEO; ConEdison Solutions hires sales execs; Atlantic Power names new CFO; plus executive changes at Copano Energy, DTE, Entergy, and others.
(July 2012) NRC renews Entergy Pilgrim nuclear license. San Francisco selects EnerNOC. Entergy contracts with Comverge. FPL adds Quantum Ford F-150 PHEVs to its fleet. Lincoln Renewable Energy dedicates 12.5-MW NJ Oak solar project.