(September 2008) ISO New England selected Vamsi Chadalavada as senior vice president and COO. PG&E Corp. announced that Peter A. Darbee, chairman, CEO and president, will assume added duties of CEO and president of subsidiary Pacific Gas and Electric Co. Ontario Power Authority appointed Colin Andersen CEO. And others...
Vendors battle it out while utilities await common communications protocols.
Uncertainties about smart metering goals are hindering efforts to standardize communications protocols and feature sets. While vendors battle over standards, utilities and policy makers are moving forward anyway—despite the potential for setbacks.
The PJM complaint and the rising cost of electric reliability.
Who says ratepayers must accept the traditional measure of electric reliability—a single one-hour outage every ten years? If shown the bill ahead of time, might they decide otherwise; that such luxury is no longer affordable? Consumers are making similar decisions about gasoline and mortgages. Why not electricity?
The Big Build will test the industry’s access to Wall Street.
The era of easily available, affordable energy rapidly is ending and our society is realizing that our energy infrastructure is severely inadequate to supply the energy demands of the future. The major issue facing the sector today is how to fund and deliver this new climate-friendly infrastructure, which is currently estimated will cost almost $2 trillion between now and 2030.
(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.
Regarding "Transmission Rights Row:" While technological advances and the development of fiber optic communications was not foreseen by utilities companies when they executed easement agreements for transmission rights of way, the tremendous escalation of land values, especially near some metropolitan areas, may not have been foreseen by the easement grantors.
Uncertain market design affects generation investment planning.
Mark Griffith and Keith Durand
Faced with state-wide electric utility restructuring and power-market deregulation, the state of New York constantly has been adjusting the state’s power markets to meet the potentially contradictory goals of low cost, yet reliable power. In New York this has taken many forms, including monitoring of energy prices, caps on capacity prices and forced divestment of assets to reduce potential market abuses.
New England shows the benefits of demand resources in forward capacity markets.
By Sandra Levine, Doug Hurley and Seth Kaplan
New England is leading the way toward a future that is both cleaner and provides greater electric reliability at reduced cost. New England Independent System Operator (ISO-NE) has created an innovative mechanism that addresses concerns about ensuring adequate energy capacity by allowing the cleanest and lowest-cost resources to be used to meet the nation’s power needs.
When Spanish utility giant Iberdrola announced last June that it would acquire Maine-based Energy East for $4.5 billion, it signaled a potential surge in major foreign owners buying into U.S. utility companies. Fortnightly spoke with Pedro Azagra, director of corporate development for Iberdrola S.A. in Bilbao, Spain, to get an update on the acquisition, and his impression of U.S. merger-approval processes.