Energy Execs: Not Everybody Gets Top Dollar
Compensation is still inconsistent, especially compared with other industries.
A review of CEO and middle management compensation for 2001 finds that salaries are still inconsistent with other industries.
Fortnightly Magazine - June 1 2002
Energy Earnings and FASB: A Volatile Mix
Understanding how the "normal purchase and sale exclusion" under FASB 133 affects earnings volatility.
Understanding how FASB 133 can affect earnings.
Byline:
Mike Walker
TXU: Texas Company Vies in World's Competitive Markets
CEO Power Forum: Erle Nye, Chairman and CEO of TXU
“If where they are, those rates are coming down and the service is being maintained, then they’ve benefitted from competition even though they make no choice at all.”
Alliant Energy: Pushing for a Coherent Policy
CEO Power Forum: Erroll B. Davis Jr., Chairman, President, and CEO of Alliant Energy
“I, personally, have always been, and I continue to be, for competition at every level. But I’m not spending a lot of personal time, energy, or political capital, pushing issues of retail choice at this point.”
PSEG: N.J. Utility Rides Unregulated Wave to the Bank
CEO Power Forum: James Ferland, Chairman, President, and CEO of Public Service Enterprise Group
“We’re running our generation operations with about 40 percent fewer people than we had 10 years ago, and other parts of the country could benefit from similar kinds of competitive pressures.”
Sempra Energy: Calif. Utility Prospers in State of Uncertainty
CEO Power Forum: Stephen Baum, Chairman, President, and CEO of Sempra Energy
“One lesson, of course, is you can’t raise prices too high, too fast. I think that’s clear. You get what I call the French Revolution syndrome.”
Xcel Energy: Utility Sizes Up Mergers and Re-Acquisitions
CEO Power Forum: Wayne Brunetti, Chairman, President, and CEO of Xcel Energy
“We believe the PJM model can’t work in markets as big as the Western market. It might work well in PJM but it’s a pretty confined geographic area.”
Aquila: New-Look Company Still Bullish on Risk Management
CEO Power Forum: Robert Green, President and CEO of Aquila
“We want to see the framework for investment in transmission clarified so that we can attract capital to de-bottleneck the transmission grid and continue to restructure the transmission segment so there’s no discrimination and we can freely flow electrons across the grid to meet our clients’ requirements.”
Centrica North America: A Retailer's Quest for No. 1
CEO Power Forum: Deryk King, Chairman and CEO of Centrica North America
“We’re three and bit months into the real competitive market in Texas. It will be a remarkable thing if a change as dramatic as we’re seeing there went smoothly and without a hitch.”
HQ Energy Services US: A Wholesaler Finds a Niche
CEO Forum: Christopher Anderson, President of HQ Energy Services US
“You can’t stop this. The bottom line for me is the energy markets are going to get a lot bigger despite what happens post-Enron.”