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Winners and Losers: Utility Strategy and Shareholder Return

Diversified companies lead (and the globals lag) over the past five years.

The unbundling of services and companies in the electricity and natural gas industries have created unprecedented opportunities to reinvent the traditional integrated utility model, with a broader array of attendant risks and rewards. But this past year was clearly one of retrenchment and strategic soul searching, allowing an opportunity to re-examine the sector for winning business formulas.
Byline: 

James Coyne and Prescott Hartshorne

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People

People for July 2004.

Positions filled at American Electric Power, Schneider Electric, Foster Wheeler Energy Limited, and others.
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PUF

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LNG: FERC Asserts Control

CPUC questioned historic oversight authority.

The Sound Energy Solutions declaratory order clarified an important jurisdictional issue at a time when the United States is facing dwindling supplies of natural gas from traditional sources. While the order may ultimately be subject to judicial review, expeditious review and confirmation by the courts of the declaratory order may facilitate the development of new infrastructure and the expansion of existing LNG terminals.
Byline: 

Julia R. Richardson and John H. Burnes, Jr.

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Commission Watch: Grid Battle Is Joined

FERC's AEP ruling begs the question: Can the feds bypass states that block transmission reform?

A recent ruling puts the question squarely on the table: Can FERC overturn orders issued by the state public utility commissions that otherwise would stand in the way of its vision of regional transmission organizations with a standard market design?
Byline: 

Lori A. Burkhart and Bruce W. Radford

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What Does Shakespeare Know About Utility Leadership?

New realities demand new direction from utilities.

To paraphrase Shakespeare, "The true soul of joy is in the process." For the utility industry, nothing could be further from the truth. The deregulatory "process" has not been joyful. It has been painful and costly.
Byline: 

Timothy F. Sutherland and Gary Vicinus

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People

New Positions:

People

New Positions:

Mirant's board of directors elected Robert N. Dangremond as its chief restructuring officer, following the company's Chapter 11 filing in mid-July. Dangremond is a principal with AlixPartners LLC.

Beth W. Cooper was appointed corporate treasurer of Chesapeake Utilities Corp., headquartered in Dover, Del. Cooper moves from the role of assistant treasurer for the utility.

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We welcome submissions to People, especially those accompanied by a high-resolution color photograph. E-mail to: photos@pur.com
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People

New Positions:

New Positions:

The Allegheny Energy Inc. board of directors named Florida Power & Light Co. President Paul Evanson its new chairman, replacing the retiring Alan J. Noia. Allegheny's interim president, Jay Pifer, assumed the duties of COO at Allegheny. Evanson had been with Florida Power and Light since 1992. He will be replaced temporarily by Lew Hay, chairman and CEO of FPL Group, until a permanent replacement is found.

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We welcome submissions to People, especially those accompanied by a Color Photograph. Send to:
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Frontlines

The United States must turn overseas for natural gas supplies, in spite of worries about energy independence.

Byline: 
Richard Stavros
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