An alternative approach to climate regulation.
Low carbon prices might not produce sufficient incentives for firms to innovate and reduce emissions in the long run. But relatively high carbon prices can be politically unacceptable and invite consumer backlash. Where’s the right balance? A PUC chairman offers an alternative approach to managing GHG emissions.
Reducing leakage to improve the bottom line.
Utility companies are actively engaged in a range of activities with the goals of reducing the effects of weak demand, a higher uncertainty in energy costs, increased capital costs, and stagnant rate cases. Among these efforts, a rigorous revenue assurance capability likely will produce the greatest immediate and long-term return, as it can produce 1 to 2 points of revenue recovery through a single, unified investment.
Industry giants start the EV revolution.
Reports of the electric car’s death are greatly exaggerated. Technology, economics and politics are driving a new start for electric vehicles; already dozens of EV models are heading for U.S. showrooms. Electricity won’t replace gasoline overnight, but utilities are planning today for tomorrow’s transportation load.
Leaders adapt to strategic shifts in the utility landscape.
The industry is getting more complex every day. Senior executives at Southern Company, PPL, TXU Energy, Direct Energy and PJM discuss business trends, resource strategies, electric vehicles and customer engagement in the smart-grid era.
Shaping long-term smart-grid strategy.
Making the business case for the smart grid is an important utility goal. It provides the justification for making or deferring required investments. Utilities might find it necessary to engage in a cycle of continuous strategic planning.
ABB buys Ventyx; Powerspan and WorleyParsons CO2 capture test results; Honeywell lands Progress Energy contract; Opower releases customer engagement platform; HECO picks Siemens for smart-grid stimulus project; and MORE.
Ultracapacitors and batteries work together to solve power quality problems.
Ultracapacitors and batteries work together to solve power quality problems.
How to make sustainable performance improvements at any utility.
Sustained performance improvement is often a difficult objective to achieve in a large company. Many such attempts involve various cross-functional initiatives that leave companies with unfinished projects, lower morale and disappointing results. Commonwealth Edison (ComEd) has found that the key to sustained performance improvement is the establishment of a cadre of high-potential managers to address company-wide initiatives full-time.
Calpine buys 5 GW of generating capacity from Pepco Holdings for $1.65 billion; Xcel buys two Calpine plants in Denver for $739 million; Asset acquisitions announced in April by Constellation, Kaukauna Utilities and others totaling $3 billion.