How to account for lack of strong price signals. A hard year puts deregulation to the test.
Catherine McDonough and Robert Kraus
The greatest benefits of time-of-use pricing come from avoided costs of peaking power and T&D capacity—but only if hourly retail prices accurately model the true costs of delivered energy, including scarcity rents. Restoring the missing price signals will encourage economic investments in AMI, conservation and system capacity.
New geothermal approaches bring massive resources within reach.
Low-temperature closed-loop generators promise huge growth in geothermal power.
Utilities consider imposing a retail surcharge to fund clean-tech R&D.
Utility CEOs debate the merits of a retail surcharge to fund clean-tech R&D.
(Octover 2008) Xcel Energy named David Sparby president and CEO of Northern States Power Minnesota. Entergy Corp. appointed Terence Burke general counsel and chief legal officer for EquaGen, the joint venture operating company to be owned 50 percent by Entergy and 50 percent by Enexus Energy. Steven Agresta was named executive vice president, general counsel and chief legal officer for Enexus Energy. NorthWestern Energy appointed Robert C. Rowe as president and CEO. And others...
Laurie H. Duhan and Sheldon Switzer
Is development of retail choice compatible with best-priced standard-offer service for smaller customers? Conflicting policy priorities threaten to distort Maryland’s retail energy markets.
(August 2008) Luminant (the former TXU power generation unit) announced that Texas Secretary of State Phil Wilson joined the company as senior vice president of public affairs. NiSource named Stephen P. Smith CFO. AEP named Richard E. Munczinski senior vice president, shared services. And more...
Distributed solar modules are gaining ground on concentrated solar thermal plants.
Jonathan Lesser and Nicolas Puga
Photovoltaic technologies are beginning to appear more attractive than concentrated solar thermal plants. PV’s competitiveness is improving from technical and operational advancements, as well as significant commitments made by such utilities as Southern California Edison. In the long run, distributed central PV plants likely will gain a strong market position.
New Models for Energy RD&D: A new ‘Clean Energy Institute’ could lead the industry’s war on climate change.
Clean-energy R&D needs better funding and leadership to meet aggressive greenhouse-gas emissions reduction targets. But how does the industry get there, and what management model best suits achieving such lofty goals? A new ‘clean-energy institute’ might be the answer.
Volatile markets are causing delays, but most deals are moving forward.
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.
Southern Company named Ronnie Labrato vice president, internal auditing. FirstEnergy’s board of directors elected Gary R. Leidich executive vice president and president of FirstEnergy Generation, and Richard R. Grigg executive vice president and president of FirstEnergy Utilities. Exelon named Ian P. McLean to lead its finance and markets organization. And others...