People
New Opportunities: Dynegy Inc. announced that Carolyn M. Campbell has been named group general counsel-corporate finance & securities, and corporate secretary. Campbell joins Dynegy from Akin Gump Strauss Hauer & Feld LLP.
Law & Lawyers
Monopolists in Our Midst
What happens when economists and state regulators give up on electric restructuring?
It’s not to be taken lightly when several high-profile economists reverse themselves on electric competition—giving up on policies they had pushed for years. It’s also quite serious when regulators and legislators in pro-competitive states become willing to discuss a repeal of electric restructuring laws. These developments, seen over the fast few months, have set the industry buzzing.
Alaskan Gas Development: One Pipeline, Two Systems
FERC may have to carve out a special set of rules if it wants to bring Arctic gas south to the lower-48.
When President Bush signed the Alaska Natural Gas Pipeline Act of 2004, one might have thought that North Slope gas was on the fast track. With all the special provisions that Congress has added to the bill, the reality may prove otherwise.
Greenhouse Gas Emissions: A New World Order
Pressure for national legislation builds as the Northeastern U.S. goes it alone and carbon trading takes off in the European Union.
Domestic and international pressures are building rapidly on the United States to enact some form of legislation to curb greenhouse-gas emissions, as a spate of recent developments turns up the heat on the Bush administration. Internal pressure is building on several fronts
The Future of Electric Competition: Concentrated Power
An analysis of competitive power markets finds that oligopolies are the end game for liberalized power markets.
The British wholesale power market is about to enter a new phase. Having enjoyed a long period of surplus capacity, the combination of the forced retirement of some nuclear plant and continued demand growth is likely to lead to a capacity shortage within the next three to four years, and it is by no means clear whether the market, as it currently operates, will be able to maintain secure supplies.
Greenhouse Gas Emissions: Changing U.S. Climate
The states are getting into the act on greenhouse emissions, and the power industry is getting more proactive. What policy measures are appropriate?
Proponents of mandatory carbon limits – though increasing in number – still constitute a minority within the utility industry. Most utilities prefer voluntary greenhouse-gas (GHG) emissions reductions, or take the view that CO2 should not be considered a pollutant at all.
Renewable Energy & Emissions Trading: Building the British Model
The UK offers a model for renewable energy growth.
The United Kingdom stands at the forefront of renewable energy market development. The 2002 Renewables Obligation sets out a progressive strategy for achieving environmental protection, energy reliability and a competitive marketplace for industry and investment. The goals are ambitious: generating 10 percent of total UK electricity supply from renewable sources by 2010; 15.4 percent by 2015; and 20 percent by 2020.
Europe: Picture of a Stalled Competitive Model
Several hurdles remain to further liberalization and full competition in the electricity sector.
Two major trends can be observed in Europe’s electricity sector. First, the increasing importance of private-sector participation in a sector that was traditionally viewed as belonging to the state. The second major trend in Europe is that of the massive amount of merger and acquisition activity across the continent. At the same time, several hurdles remain to further liberalization and full competition in the European electricity sector.
Distributed Generation: Who Benefits?
<font color="red">Distributed Generation</font>
Distributed Generation
In the first of three articles, experts at Oak Ridge National Laboratory examine the technical obstacles, deployment, and economic issues surrounding distributed generation.
The existing electric power delivery system is a critical part of this country's economic and societal infrastructure, and proposals to increase the role of distributed energy resources (DER) within this system are welcomed by few in the utility industry.
Business & Money
Sticking to the Knitting:
Business & Money
Sticking to the Knitting:
A review of three years of post-Enron stock performance by electric utilities.
Immediately following the Enron collapse, investors dumped the stock of any electric power company that appeared to be pursuing non-traditional growth strategies. Any company that emphasized unregulated businesses-investments in overseas assets, merchant power plant development, and energy marketing and trading-was suspect.