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Fortnightly Magazine - April 1 2000

Hydro Relicensing Redux: Will Dams Be Saved?


Congressmen, industry experts, and environmentalists square off over efforts to streamline relicensing.

April 1, 2000

Ten Energy Mergers and How They Stack Up

= {Operating Profit - Cost of capital} x capital Capital
= (Return on capital - cost of capital) x capital.

Tracking Stock for Utilities: Highway to Higher Valuations?

Ajay Gupta is an attorney and economist and currently a senior associate in the San Francisco office of Analysis Group/Economics, a consulting firm. Previously, he practiced corporate law in the London office of Gibson, Dunn & Crutcher LLP, where he specialized in securities offerings, energy, and petrochemical project finance transactions and cross-border mergers and acquisitions. He can be reached at

Telecoms may offer IOUs a model for multiplying market caps by dividing their shareholdings.

April 1, 2000


Bruce W. Radford

A Fax From Al Gore


Susan Tomasky

Off Peak

Glenn R. Schleede

Et Tu, Mexico?

A consultant questions whether our trade partner's role in organizing cutbacks in world oil production is consistent with NAFTA obligations.