Law & Lawyers

Bursting The Bubble

Merchants' trading volumes and revenue are still too inflated.

In the post-Enron world, many continue to question the legitimacy of the practice of inflating revenues through the trading business to bolster the company's financial picture.
Byline: 

Richard Stavros

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Aquila: New-Look Company Still Bullish on Risk Management

CEO Power Forum: Robert Green, President and CEO of Aquila

“We want to see the framework for investment in transmission clarified so that we can attract capital to de-bottleneck the transmission grid and continue to restructure the transmission segment so there’s no discrimination and we can freely flow electrons across the grid to meet our clients’ requirements.”
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Point-Counterpoint

Letters to the Editor

David Moore: Chris King’s article, “How Competitive Metering Has Failed,” (Nov. 15, 2001) overstates both the weight the CBO report places on the demand side of the electricity market and the importance it assigns to advanced metering therein. King responds: While Mr. Moore and I seem to disagree on the semantics, it appears that we are in violent agreement on the big picture, as stated in the CBO report.
Byline: 
David Moore and Chris S. King
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People (June 1, 2002)

Former U.S. Senator Slade Gorton has joined the board of directors of E2I. The National Hydropower Association presented Senator Larry Craig (R-ID) with its Legislator of the Year award . The New York Power Authority honored Shalom Zelingher, director, and Misak Krikorian, senior engineer, of the research and technology development unit of NYPA. And others ...
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Electricity Restructuring is No License for Central Planning

RTOs will perpetuate regional monopolies and political rate regulation.

Economists sometimes get confused - especially when the real world doesn't fit into their neat boxes.

Network industries like telephone and electricity are today's case in point. Economists have viewed these parts of the economy as requiring special attention from regulatory authorities. They're viewed as "natural" monopolies displaying "economies of scope" and characterized by risky "lock-in" or "path dependency" features. That supposedly makes them prone to abuse by their free-market owners, and therefore in need of impartial regulatory oversight.

Byline: 

Wayne C. Crews and Fred L. Smith

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The Top 10

The Ten Most Intriguing Business Decisions in the Post-Enron World.

10. Exelon throws in the towel on pebble bed; 9. Exelon, Entergy, Dominion ready to do the rounds on traditional nuclear; 8. AES wants out of Cilcorp marriage; 7. New-look Aquila goes hunting ...
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Barbarians at the Gates

FERC... SEC... CFTC...Congress ... Ratings Agencies... Stockholders... Bondholders... Private Equity Investors?

No one has yet quantified or qualified the devastation to industry reputation, electric competition, or energy companies' future earnings power caused by the current round of energy trading scandals that is shaking the industry to its core.

Byline: 

Richard Stavros

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