Gas Turbinemania: The Merchant Power Plant Shake Out
Why it happened? Who lost in the bust? Who will survive to build another turbine?
Why it happened? Who lost in the bust? Who will survive to build another turbine?
There are opportunities for utilities despite the telecom market correction of 2001 and 2002.
There will be ample U.S. natural gas supplies to support a 30 Tcf market by 2010.
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.
So-called 'round-trip trades' and what FERC should do about it.
Steady again, as new paradigm takes hold.
State public service commissions are insisting that utilities adopt risk management programs, and are allowing less pass-through for those that don't.
Congress needs to uphold the president's designation for a nuclear waste disposal site.
Credit ratings agencies put the squeeze on merchant power.
Have they gone too far? Have ratings agencies become overzealous in their efforts to rein in energy merchants? Many in the industry are coming to that belief after Aquila, one of the industry's most respected companies and leaders, announced it would exit the merchant energy trading sector in late July. It said it could no longer meet the credit requirements imposed by ratings agencies to maintain that business.