21st Century ROEs: What Is Reasonable?
How to benchmark return on equity (ROE) and depreciation expense in utility rate cases.
How to benchmark return on equity (ROE) and depreciation expense in utility rate cases.
Johannes P. Pfeifenberger and Mark W. Jenkins
A close look at the effect of the dividend tax cut reveals a disappointing investor reaction.
While some predicted a very significant increase in price for utilities if dividend taxes were reduced, the actual price change data show a rather different picture.
A review of which technologies and companies stand to win and lose as a result of the 2003 blackout.
Mishap, human error, and malice regularly crash the electric system. We have lurched from the Western economic power crisis of 1999-2000 to the Eastern reliability power crisis of 2003. Neither more studies nor more blackouts have changed what's been built-an excessive quantity of large generation plants dependent on relatively few major transmission lines. On its current course, the grid's inevitable destination is disaster.
Technology Corridor
Has the Aug. 14 blackout finally made it more than a pipe dream?
Former Secretary of Energy Bill Richardson ticked off a whole lot of people in the industry when he pronounced the United States a superpower with "a Third World electricity grid."
Yet while debate continues about the causes of the Northeast blackout, there's no arguing that the majority of transmission and distribution in this country is controlled via mechanical technology largely developed in the 1950s.
Wall Street wants utilities to return to basics, but the CEOs worry it won't be enough.
Richard Stavros
People for October 15, 2003.
PUF
New realities demand new direction from utilities.
Timothy F. Sutherland and Gary Vicinus
By approaching Sarbanes-Oxley compliance as an opportunity rather than a burden, companies can reap strategic rewards and become stronger.
Michael T. Burr
The industry requires new analytical tools to incorporate the realities of today's higher risk operating and investment environment into the equity allowance process.
Mark Ciolek, Wallace Jones, and Dr. William Wilson
Financial experts discuss the ongoing recovery in the power industry, and whether better times will live up to investor expectations.
Richard Stavros
