Prices Hit a Pique
California pays the bill, but who gets the blame- the feds or the fundamentals?
What did they know and when did they know it? That's what California consumers are asking utility regulators and system operators, now that the heat of summer has made a shambles of the state's vision of electricity competition.
What's a Utility?
Never before have investors known less about what their company is up to.
How many different types of "utility" companies can you name? Which ones would you trust the most to double or triple your investment nest egg? Which ones make you nervous?
The top traders, investors and managers tell why energy convergence is still a pipe dream.
[Graphic tables included in the print version of the Fortnightly are not included in this electronic version.]
Energy investors seemed less willing in 1999 to greet electric/gas combination mergers with the kind of blind enthusiasm they tended to show in prior years.
Instead, they now demand proof that energy convergence really does create tangible value beyond the mere sum of the parts. At least that's the impression gained from talking with John W.