A challenging year brings a change in the rankings.
(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.
(February 2012) OGE Energy announces executive shifts; Georgia Power announces organizational changes and appointments; ConEdison and NRG Energy name new vice presidents; plus senior staff changes at UniSource Energy, Public Service Enterprise Group, Conservation Services Group, and others.
(November 2010) DTE names Gerard Anderson CEO; Arthur Meyer ascends to general counsel at Dayton Power & Light and DPL; Exelon names new executives, including Calvin Butler, s.v.p. of human resources and Susan Weiss, v.p. of commercial operations; Deloitte Center for Energy Solutions appoints former FERC Commissioner Branko Terzic executive director, and adds former FERC Commissioner William Hederman to its energy and resources group; other executive changes at OGE Energy, Ameren, Chesapeake Utilities, El Paso Electric, Otter Tail, ISO New England, EPRI, AGA, NIST, and more.
Engaging the consumer takes on new meaning.
Customer backlash over dynamic pricing and the smart-grid caught the industry unprepared. CIOs and top customer specialists share their strategies for engagement and attaining consumer satisfaction.
(June 2009) Dominion named Paul E. Ruppert as senior v.p.-Dominion Transmission. ITC Holdings Corp. appointed Edward M. Rahill to president of ITC Grid Development. Ameren Corp. promoted Karen Foss to senior v.p., communications and brand management, from v.p., public relations at Missouri subsidiary, AmerenUE.
NV Energy appointed Punam Mathur as v.p. of human resources.
Renewable mandates will shift power to FERC but pose problems for RTOs.
A recent survey conducted by the U.S Office of Personnel Management and reported by the Washington Post on March 13 ranked the Federal Energy Regulatory Commission as eighth best of some 37 federal agencies in terms “talent,” and third in “leadership and knowledge.”
ITC and AEP jockey for the lead in building the grid of tomorrow.
On February 9, a group of the nation’s major grid system operators released a study estimating the nation’s electric industry sector needs to spend some $80 billion—more than 10 times the size of that portion of the Obama stimulus package directed specifically at transmission construction—in order to achieve a 20 percent retail penetration for renewable wind energy in just the Eastern Interconnection.
(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...
(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...
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.