New Positions:
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People
New Positions:
The Pennsylvania Public Utility Commission (PUC) appointed Thomas A. Leach to a two-year term on its Consumers Advisory Council. Leach is the business manager and financial secretary of Local Union 126, International Brotherhood of Electrical Workers.
New Positions:
We welcome submissions to People, especially those accompanied by a high-resolution color photograph. E-mail to: photos@pur.com
People
New Positions:
Mirant's board of directors elected Robert N. Dangremond as its chief restructuring officer, following the company's Chapter 11 filing in mid-July. Dangremond is a principal with AlixPartners LLC.
Beth W. Cooper was appointed corporate treasurer of Chesapeake Utilities Corp., headquartered in Dover, Del. Cooper moves from the role of assistant treasurer for the utility.
New Hires:
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New Hires:
Progress Energy shareholders re-elected Edwin B. Borden, James E. Bostic Jr., David L. Burner, Richard L. Daugherty, and Richard A. Nunis as Class II directors of the company. They will serve three-year terms.
Maryland Gov. Robert L. Erlich Jr. named state delegate Kenneth D. Schisler chairman of the Maryland Public Service Commission. Schisler succeeds Catherine I. Riley.
New Hires:
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New Hires:
Progress Energy shareholders re-elected Edwin B. Borden, James E. Bostic Jr., David L. Burner, Richard L. Daugherty, and Richard A. Nunis as Class II directors of the company. They will serve three-year terms.
Maryland Gov. Robert L. Erlich Jr. named state delegate Kenneth D. Schisler chairman of the Maryland Public Service Commission. Schisler succeeds Catherine I. Riley.
After 10 years of waiting, some experts say a Republican-controlled Congress and a patriotic mood will make the difference in passing energy legislation this year.
Lori A. Burkhart
After 10 years of waiting, some experts say a Republican-controlled Congress and a patriotic mood will make the difference in passing energy legislation this year.
Could this be the year that Congress passes a comprehensive national energy bill? That's the question on the mind of the utilities industry. Some say with Republicans controlling both the U.S. House and Senate-not to mention the presidency-the prospects for comprehensive energy legislation are bright. But some pundits are not so sure.
New Hires:
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New Hires:
The North American Electric Reliability Council (NERC) promoted Dave Nevius to senior vice president; David Cook to vice president and general counsel; and Don Benjamin to vice president. Nevius has been a vice president at NERC since 1986; Cook has been NERC's general counsel since 1999; and Benjamin has been director of operations since 1985.
Ameren Corp. named Martin J. Lyons vice president. Lyons has been the company's controller since joining Ameren in October 2001.
Is FERC overstepping its jurisdiction and attempting to force a standard into a one-size-fits-all category?
Stan Blazewicz and Eugene Shlatz
It's a law that only a mother could love.
Richard Stavros
It's a law that only a mother could love.
It's tough to write another word about repealing the Public Utility Holding Company Act (PUHCA), or the "35 Act," as it is also known, referring to its Depression-era origins. But like the Energizer bunny, this debate keeps on going and going.
It's almost 70 years later, and the issue has outlived several generations of utility executives, regulators, lawyers, bankers, academics, and a few magazine editors. Heck, it may outlive us all.
Today's volatile markets upset the discounted cash flow model, and others.
Jonathan A. Lesser
DCF Utility Valuation: Still the Gold Standard?
While electric restructuring pauses, telecom pushes forward.
Phillip S. Cross
State PUCs Show Split Personality
While electric restructuring pauses, telecom pushes forward.
No matter which way they turn, state public utility commissions (PUCs) have their work cut out for them.
While federal policy-makers push ahead with wholesale market reforms in the electricity sector, many at the state level now call for a cautious approach to protect consumers.
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