Reliability

Consolidation: Key to the Future?

Why integration may win out in the long run.

In the electric power industry, the urge to merge has gained a new lease on life. These combinations are witness to the powerful forces of consolidation let loose when deregulation makes consolidation a preferred tactic in an uncertain world. But to what extent will government policy encourage or resist this trend? What exactly is the regulatory environment that nurtures combinations or, for that matter, supports fragmentation? As we shall see, there are many cross-currents.

Byline: 

Judge Richard Cudahy

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One Fine Reliability Mess

Infrastructure isn't keeping pace. So how to "help" the market without killing it?

What's the right price signal to bring forth enough infrastructure to maintain reliability over the long haul? Moreover, if such a model exists, can it work without stifling competitive markets?

Byline: 

Richard Stavros

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PUHCA Debate - Again

The SEC denies approval of the AEP/CSW merger. What will that mean for industry consolidation?

What's wrong the Public Utility Holding Company Act of 1935 (PUHCA)? The 1935 act clearly did not contemplate a competitive marketplace for electricity. Legislation should be updated to reflect the prevailing energy economic climate.

Byline: 

Dan Scotto

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The Ultimate CEOs

The CEO Power Forum: Not all utility CEOs are created equal...

We talk with Cinergy’s James E. Rogers, DTE Energy’s Anthony F. Earley Jr., Constellation Energy’s Mayo A. Shattuck III, Xcel Energy’s Wayne H. Brunetti, FPL Group Inc.’s Lewis Hay III, and TXU’s C. John Wilder.

Byline: 

Interviews by Richard Stavros

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The Hazards of ElectroMagnetic Terrorism

And why North American power plants should take note.

Electromagnetic terrorism has huge implications for the international power industry. The North American electric power network is vulnerable to electronic intrusions launched from anywhere in the world, according to studies by the White House, FBI, IEEE, North American Electric Reliability Council (NERC), and National Security Telecommunications Advisory Committee (NSTAC). Is there a solution for this situation?
Byline: 

V. Gurevich, Ph.D

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Reliability Wars

Power System Planning: Who gets paid (and how much) for backing up the system?

“Confining transmission projects to FTR payments is like confining generators to energy-only payments,” says Ed Krapels, the electric industry consultant from Boston who helped dream up the initial idea of the Neptune project. These words speak volumes on what’s happening in today’s power industry, and on what the ISOs and RTOs are trying to achieve, not only for merchant-grid projects but for merchant generation and system reliability.
Byline: 

Bruce W. Radford

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Distributed Generation: Hastening Genco Obsolescence?

DER: This final installment of Oak Ridge National Laboratory's series on distributed energy resources investigates efficiency, the environment, and generation displacement.

Do distributed energy resources result in more pollution, or less? Our final installment of the series from Oak Ridge National Laboratory answers the question.
Byline: 

S. W. Hadley, T. K. Stovall

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Exelon's Epic End Game

Electric M&A: The merger with PSE&G may herald a new industry structure, squarely at odds with regional markets.

The marriage between Exelon and PSEG would create the largest electric utility in the United States. The policy implications could loom even larger, however. Standing at risk is nothing less than FERC’s entire regulatory regime for approval of mergers and market-based rates.
Byline: 

Bruce W. Radford

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The Widening Technological Divide

Increased business and regulatory challenges have utilities lagging in investments to meet energy demand a decade from now.

The electricity enterprise has tended through restructuring to become a victim of its historic success in maintaining universal service reliability at ever-lower cost. The essential foundation for restoring enterprise vitality in the coming decade is rebuilding this fundamental public/private partnership, based on technology innovations that can increase the value of electricity service, including providing higher levels of reliability and security.
Byline: 

Kurt E. Yeager

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