Frontlines & Op-Ed

California: Beginning Anew

The 2002 rhetoric sounds like pro-electric competition, but is it too little, too late?

In its recent efforts to tie up the loose ends left from the California Crisis, is the state setting itself up for a sequel, California Crisis II: A Not So Beautiful Market?

Forgetting Someone, Mr. Secretary?

The DOE's new hydrogen car initiative won't get very far without electric utilities.

Secretary Spencer Abraham announced that the DOE and the nation’s carmakers would create a public-private partnership to promote hydrogen as a primary fuel for cars and trucks. He didn't mention how much the program would cost, how long it would take, or define what infrastructure the government would develop to support hydrogen transportation.

Pat Packs a Punch

FERC's new chairman runs roughshod over a reeling industry.

By a vote of 3-1, FERC had crowned the Midwest Independent System Operator—MISO—as belle of the ball. In so doing, it scorned the proposed Alliance Regional Transmission Organization.

A Wrinkle in Time

Enron makes an exit; FERC cost-based rates return.

You have two cows. You sell three of them to your publicly listed company using letters of credit opened by your brother-in-law at the bank. Then, you execute a debt-equity swap with an associated general offer, so you get all four cows back, with a tax-exemption for the fifth cow, of course.


Energy companies' best-laid plans in 2001 were put on hold, after circumstance and fate stepped in.


The Year of Living Dangerously


Enron holds court on electric restructuring, exposing deep industry divisions and the polarization of views.


An Invitation From Ken Lay



Utilities face huge costs of complying with new EPA standards.


The Brink of Ruin?




Regulators face a daunting task in sorting out power refunds in the Pacific Northwest.


Ripple Effects