Fortnightly Magazine - June 2005

EPA's Big Bet on Green Trading

Environmental Emissions: The cost to power markets of the Clean Air Interstate Rule depends on the ability to trade mercury.

The decision to limit mercury provides cover for utilities reluctant to spend on controlling NOx and SO2, while boosting other companies

From Jet Set to Green Set

Corporate Environmental Programs: How can utility employees participate in greenhouse-gas reduction? Start with sustainable travel programs.

How can utility employees participate in greenhouse-gas reduction?

Revenge of the ’70s

A guide to the galaxy of low growth, high interest rates, and the dark side of the Force.

Many executives are hoping to avoid a repeat of the 1970s, when first hit the big screen, and when inflation, nuclear cost overruns, and diminishing returns came calling in an economic climate that today's markets threaten to emulate.

People

Exelon appointed Tom Ridge and Dr. William C. Richardson to its board of directors. NiSource Inc. has restructured its leadership team. Hydro-Québec appointed André Caillé chairman of its board of directors and Thierry Vandal as president and CEO of the company. Pennsylvania Public Utility Commission (PUC) Chairman Wendell F. Holland recently was named president of the Mid-Atlantic Conference of Regulatory Utilities Commissioners. And others...

Mercury: Much Ado About Nothing?

How the Clean Air Mercury Rule will affect coal prices.

The Clean Air Mercury Rule impacts new and existing coal-fired electric generating plants through a market-based cap-and-trade program similar to the EPA’s highly successful Acid Rain Program. The first phase of the program in 2010 reduces mercury emissions to 38 tons. The second phase goes into action in 2018 with a final mercury emissions cap of 15 tons. The key question is: what extent will the new rule reduce coal’s dominance in the electric generation market?

The Ultimate CEOs: Constellation Energy’s Mayo A. Shattuck III

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

"Goldman Sachs built the platform. They came from a world of conventional procedures and compliance, and an understanding of rule sets. Almost every other wholesale platform built in Houston and run by cowboys got out of control."

The Ultimate CEOs: Anthony F. Earley Jr., DTE Energy

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

"To enhance that natural utility growth of around 2 percent per year, we want to surround the utilities with a portfolio of non-utility businesses that have higher growth prospects."

The Ultimate CEOs: C. John Wilder, TXU Corp.

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

"This is a real industrial company with a real consumer business. It's not a kind of governmental confected business like many of these quasi-restructured market companies compete in."

The Ultimate CEOs: Wayne H. Brunetti, Xcel Energy

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

“People have approached us to outsource our call centers to India. I’m just not going to do that. To me the face of our company is our call centers. That’s our principle contact with our customers.”
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