Calendar of Events

Sep 29, 2014 to Oct 03, 2014 | Michigan State University, Lansing MI
Oct 01, 2014 to Oct 03, 2014 | Washington, DC
Oct 06, 2014 to Oct 08, 2014 | Los Angeles, CA

Keywords

Public Utilities Reports

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New Jersey

People

New Opportunities: Dynegy Inc. announced that Carolyn M. Campbell has been named group general counsel-corporate finance & securities, and corporate secretary. Campbell joins Dynegy from Akin Gump Strauss Hauer & Feld LLP.

A Changing U.S. Climate

GREENHOUSE-GAS EMISSIONS
Sanne B. Jacobsen, Neil J. Numark And Paloma Sarria

GREENHOUSE-GAS EMISSIONS

The states are getting into the act on greenhouse emissions, and the power industry is getting more proactive. What policy measures are appropriate?

A growing number of U.S. utility companies have come out in favor of federal mandatory limits on emissions of carbon dioxide (CO2) from their facilities.

A New World Order

GREENHOUSE-GAS EMISSIONS
Peter Fontaine

GREENHOUSE-GAS EMISSIONS

Pressure for national legislation builds as the Northeastern U.S. goes it alone and carbon trading takes off in the European Union.

Domestic and international pressures are building rapidly on the United States to enact some form of legislation to curb greenhouse-gas emissions, as a spate of recent developments turns up the heat on the Bush administration. Internal pressure is building on several fronts.

People

New Opportunities:
We welcome submissions to People, especially those accompanied by a high-resolution color photograph. E-mail to: photos@pur.com

People

Commission Watch

PJM/Midwest Market:
Bruce Radford

Commission Watch

PJM/Midwest Market:

Should transmission owners get paid extra for distance and voltage?

While the Midwest now appears set on competitive bidding for the electricity commodity, taking from PJM such tried-and-true elements as locational marginal pricing (LMP), financial transmission rights (FTRs), and a day-ahead market with a security-constrained dispatch, the region remains split over the pricing of transmission.

An Expensive Experiment? RTO Dollars and Sense

AN EXPENSIVE EXPERIMENT?
Margot Lutzenhiser

AN EXPENSIVE EXPERIMENT?

Dollars and Sense

Financial data raises doubts about whether deregulation benefits outweigh costs.

This year, U.S. electricity consumers will spend more than $1 billion financing the operation of six regional transmission organizations (RTOs).1 RTO costs have nearly doubled since 2001 and now outweigh nearly all of the benefits anticipated by the national cost-benefit studies.

Winners and Losers: Utility Strategy and Shareholder Return

Diversified companies lead (and the globals lag) over the past five years.

James Coyne and Prescott Hartshorne

Business & Money

Winners and Losers:

Diversified companies lead (and the globals lag) over the past five years.

The unbundling of services and companies in the electricity and natural gas industries have created unprecedented opportunities to reinvent the traditional integrated utility model, with a broader array of attendant risks and rewards. But this past year was clearly one of retrenchment and strategic soul searching, allowing an opportunity to re-examine the sector for winning business formulas.

Perspective

Hard-and-fast ring-fencing rules are not the best way to maintain order in the partially deregulated utility sector.
Steve Fetter

Perspective

Hard-and-fast ring-fencing rules are not the best way to maintain order in the partially deregulated utility sector.

In 1992, my colleagues on the Michigan Public Service Commission (MPSC) and I initiated the first retail wheeling case in the country. Retail wheeling was the old name for competition, back when everyone thought that moving electrons from one place to another was a relatively simple task, one that could not in any way harbor underlying sinister acts or motives.

CFOs speak out: Growth Strategy for the 21st Century

For The 21st Century
Richard Stavros

For The 21st Century

Interviews by

So it begins again. After several financially tumultuous years, executives at many of the nation's top utilities can once again look to the horizon and ask the growth question worthy of a Caesar: "What worlds to conquer?"

Utility executives are emboldened by bulging free cash flows, improved credit quality, lower operations and maintenance costs, favorable regulatory treatment, growing service territories, and increasing demand for power.

Business & Money

Credit-rating linkage harms certain power companies. Ring-fencing is the best answer for regulators.
Dr. Fred Grygiel and John Garvey

Business & Money

Credit-rating linkage harms certain power companies. Ring-fencing is the best answer for regulators.

In recent years, a persistent battle has developed between state public utility commissions (PUCs) and holding companies over the negative financial and operational impacts on regulated utilities of failed diversification investments. Ratepayers expect to compensate companies for the costs of providing utility service-not those costs associated with the unregulated activities of affiliated companies.

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