The CIO Forum: Budgets Byte Back

Chief tech officers discuss how they are using their data to beat the competitition.

CIOs from a traditional utility, a merchant generator, and an independent system operator tell how they stretched every penny to make their companies technologically savvy during tough economic times. They say data, not applications, ruled the roost this year—and will in the future

Financial Accounting: Beware of Unlucky 13

The application of FASB Statement No. 13 can result in unforeseen changes to the financial statements and, in turn, financial ratios of a utility.

The utility industry continues to be a fluid environment with significant deleveraging activities that affect various types of agreements and contracts, so companies should be cognizant of EITF 01-08 and the impact it could have on their financial statements and, in turn, their financial ratios.

Restructure or Bust?

Why FERC must yield to bankruptcy law.

How will regulators react if the current trickle of bankruptcies within the debt-laden merchant power sector should suddenly become a torrent? Will they encourage the necessary restrcturing of debt, or will they stand in the way?

Electric Gridlock: A National Solution

FERC should consider a two-part tariff to boost transmission investment.

The existing transmission system was built to connect a utility’s power plants to its customers. It was never designed for getting power from any generator to any customer in a competitive generation market.

The Northeast: Facing Grid Meltdown

Four factors could lead to further shockwaves.

The Northeast transmission grid has suffered a right cross to the jaw, but it could be followed by an uppercut of price spikes and volatility in generation markets by next summer. A review of market conditions suggest that a hotter than normal summer in the Northeast may well challenge both generation and transmission infrastructures.

People

People for October 1, 2003.

New positions at the Pennsylvania Public Utility Commission, Cleco, Avista, and others.

 Mistake by the Lake

The blackout could doom deregulation, but why treat reliability and reform as either-or?

The Great Blackout of August 2003 may well spell the doom of deregulation as we know it for the electric industry. Yet I believe that reliability and a move to markets need not be mutually exclusive. Rather, they must march forward together, in step, for either to succeed.

The Blackout of 2003: Why We Fell Into The Heart of darkness

The road to the current reliability crisis is paved with four decades of bad policy decisions.

The road to the current reliability crisis is paved with four decades of bad policy decisions.

 

The technical causes of the great Northeast blackout of August 2003 are coming into focus. For reasons yet unknown as of press time, transmission lines in northern Ohio were lost to the grid, and within seconds 50 million people in the United States and Canada were without power. Soon we will no doubt know the specific reasons for the blackout, and technical corrections and improvements will be made.

CROs: Defending the Faith

"Back-to-basics" strategies challenge enterprise-risk philosophies.

"Back-to-basics" strategies challenge enterprise-risk philosophies.

 

Nearly a year ago, cover story announced the rise of the chief risk officer (CRO). "Utility senior management is becoming positively enamored with the office of the CRO," we said. "Fully 40 percent of America's CROs work for utilities and energy companies."

Resource Planning After the Crash

How to update yesterday's IRP model to account for tomorrow's risk profile.

How to update yesterday's IRP model to account for tomorrow's risk profile.

 

The process we know today as integrated resource planning (IRP) got its start back in the 1980s, when regulators first came to grips with nuclear plant cost overruns and urged utilities in effect to hedge that risk-to give equal weight to conservation, "negawatts," and demand-side management (DSM) as sources of new electric capacity.