Law & Lawyers

People (October 2013)

Duke appoints Steve Young to replace Lynn Good as CFO; CenterPoint and OGE Energy name executives for their new natural gas partnership; First Solar hires Joe Kishkill as chief commercial officer; Pepco promotes Donna Cooper to president; Cleco changes executive management team; plus announcements and appointments at KCPL, Chesapeake, UNS, FirstEnergy, and EPRI.

How to Build a Fence (and When)

A formal methodology for developing ring-fencing arrangements and setting conditions.

How can decision makers determine the appropriate degree of ring-fencing for a utility holding company? The authors propose a systematic and objective method – recognizing business and financial risks specific to the regulated utility and its affiliates.

Hidden Predictability

Mining price signals in Ontario’s electricity market.

Hourly spot prices in Ontario power markets reveal no particular pattern – that is, unless you plot the price as a monthly average.

All You Need to Know

Picturing utilities in a series of sobering snapshots.

Utilities are growing rate base despite static or declining demand: making customers pay more for a product they want less of.

Transactions (November 2013)

Carlyle Group acquires Red Oak plant from Energy Capital Partners; Tenaska acquires U.S. Power Generating Co.; Southern California Edison floats $1.6 billion in bonds in three tranches; Energy Trading Partners issues $1.5 billion in bonds; plus debt issues by ONEOK, Spectra Energy, TVA, MidAmerican, PECO, and Duke, totaling $9.2 billion.

Tweet, Like, and Follow

Utilities get serious about social media.

Social networks offer substantial communications value, and utilities can no longer ignore them. A successful strategy, however, requires careful management.

Anomaly or New Normal?

Regulators weigh interest rate climate and future Fed policy in setting allowed return on equity.

(November 2013) Consumer advocates argue for lower allowed utility returns, to reflect lower financing costs. Our rate case survey shows mixed regulatory responses.

Game Changers

State regulators address transformative forces.

In Fortnightly’s Regulators’ Roundtable, commissioners from Idaho, Illinois, and Minnesota consider transformative forces and the regulatory response.

Utility 2.0 and the Dynamic Microgrid

Superstorm disruption calls for a new utility architecture.

When microgrids are optimized in a smart grid, they’ll usher in a new era of utility resilience and flexibility. Get ready for dynamic microgrids.

DSM: Don’t Stop Maximizing

Useful analytics to improve program performance.

Turning interval meter data into analytics to improve program performance for demand-side management.