A challenging year brings a change in the rankings.
By Michael T. Burr
(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.
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.
(January 2012) American Electric names new vice presidents; Northeast Utilities announces executive changes; Southern Nuclear and Peabody Energy name new vice presidents; plus senior staff changes at IDACORP, Georgia Power, Conservation Services Group, and others.
(November 2009) El Paso Electric promoted George A. Williams to senior v.p. and COO. Idaho Power promoted Darrel Anderson, IDACORP and Idaho Power’s senior v.p. of administrative services and CFO, to executive v.p. of administrative services and CFO. ConEdison Solutions hired Jim Mueller as v.p. of customer operations. Exelon Corp. appointed John Stough as v.p. and chief development officer for Exelon Transmission Co., a new venture on transmission lines. And others...
Utilities test new models to encourage investments in efficiency and conservation.
Michael T. Burr
The industry is struggling to reconcile legacy business models with emerging green priorities. CEOs at Green Mountain Power, Progress Energy, IDACORP, Pepco Holdings, and Reliant Energy explain their perspectives on financing investments in conservation and efficiency.
(November 2007) Public Service Enterprise Group elected Ralph Izzo president and COO of the company and a member of the board of directors. Ralph LaRossa is president and COO of PSEG’s utility business, Public Service Electric and Gas Co. WGL Holdings Inc., and its subsidiary, Washington Gas Light Co., named Douglas Staebler vice president of engineering and construction, and Lauren Foley named vice president of consumer services. ISO New England Inc. elected two new board members: Richard A. Abdoo and Paul F. Levy. And others.
New technologies cloud the future for the traditional electric utility, but offer hope to the gas industry in boosting residential demand.
Investors apparently were paying attention in January when a Web-based analyst predicted Plug Power's stocks could gain 10,000 percent or more by 2010. Before month's end, the fuel cell manufacturer, which doesn't expect to turn a profit before 2004, saw a ninefold increase from the $16 closing day share price at its October initial public offering. That month Avista Corp.
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