Fortnightly Magazine - February 1 2003
California Gov. Gray Davis named Michael Peevey president of the state's PUC, replacing Loretta Lynch. Lynch was expected to remain with the commission until the completion of her term, in January 2005. Peevey has served on the commission since March of 2002. He previously was president of Edison International. Davis also appointed Susan Kennedy commissioner, replacing Henry Duque.
Richard G. Newman, chairman and CEO of AECOM Technology Corp., joined the Sempra Energy board of directors.
On the Brink: Avoiding a Canadian California
Ontario's government has imposed substantial burdens on customers, with no benefits.
On a recent trip through Toronto's Pearson International Airport, I was stopped by an immigration official who, upon learning my business, snapped, "Why would anyone hire a Yank to advise on the Ontario electricity sector?"
FERC: SMD/Grid Issues Lead 2003 Agenda
Measuring Up to Jensen
A top investor explains what it would take for utilities to be included in one of the best-performing funds in the U.S.
Passing the standards for inclusion in the $1 billion plus Jensen Portfolio Fund is like being crowned the best-of-the-best in a given industry, analysts say.
It's Now or Never for Power Line Broadband
As the Megawatt Turns
Energy scandals have made the industry the target of CBS prime-time morality soap operas and a movie.
One can only guess which energy company CBS-TV's "Touched by an Angel" was thinking of when it featured the character David Satterfield, an executive at "Dyna Energy." And the CBS movie, "The Crooked E: The Unshredded Truth about Enron," left no doubt about which company was being thought of.
U.S. companies' international strategies turn sour, as Europe faces a future with an oligopoly of power companies.
While the European Union is pushing to give all industrial and commercial customers electric choice by 2004, giant incumbent European utilities are increasingly dominating power markets across Europe and the United Kingdom.
The Russian power sector is priming itself for outside financial and infrastructure investment. By Branko Terzic and James Balaschak
Prospects for the successful development of the Russian power sector in the next 20 years will depend on the inflow of private investment into the industry. The crucial task, as clearly understood by both the Russian government and the management of the major power companies, is how to significantly raise the attractiveness of the industry to private investors.
The Federal Energy Commission of Russia is set to restructure the country's energy rules and make opportunities for investment attractive.
Potential investors in Russian energy will be particularly interested in Regulation 226, "On Price Formation Regarding Electric and Heat Energy." Enacted on April 2, 2002, this regulation, if implemented as fully presented, provides an attractive basis for the balance of interests between investors and consumers of Russian electricity called for by Federal Energy Commission of Russia (FEC) Chairman Geor