People
People for July 2004.
Positions filled at American Electric Power, Schneider Electric, Foster Wheeler Energy Limited, and others.
Entergy
Boardroom Directors: Caught in the Matrix
Building a system to evaluate the leadership's ability to meet corporate goals.
Building a system to evaluate the leadership's ability to meet corporate goals.
Nominating committees and CEOs need to ask hard, fundamental questions about their own boards and their board's ability to formulate and govern effective and ethical business strategies. One way to know where you stand is to draw a basic matrix chart. Along the top, list the skill sets your board will require to move the company toward its future goals. Down the left-hand column, list each director. Then begin to check the skills that each current director brings to the board.
The New CEO's
Michael G. Morris
Interviews
For Public Utilities Fortnightly's 75th Anniversary CEO issue, the magazine looked to the horizon and asked these new captains about the planned course for their companies, and for an entire industry.
Business & Money: Bringing Back The Greenbacks
A spate of proposed U.S. tax rule changes soon may open a window of opportunity for certain utilities.
The proposed Homeland Investment Act on Repatriation may soon open a window of opportunity for U.S. companies with unrepatriated foreign earnings. If passed, it potentially would allow U.S. utilities to bring money back into the country without harsh tax penalties, thereby freeing up capital to reinvest in assets here, pay down U.S. debt, or fund other liabilities.
People
People for May 2004.
Positions filled at Southern Co., World Association of Nuclear Operators, Allegheny Energy, and others.
People
People for April 2004.
Positions filled at the House Energy and Commerce Committee, Duke Energy, Entergy, and others.
Electric Reliability: The Merger Solution
Can economies of scale make the industry more stable?
Utility mergers create exceptional efficiencies, yielding average cost savings of approximately 5 to 10 percent of the combined company’s non-fuel operating expenses. These substantial untapped cost efficiencies could be harvested through more merger-friendly state regulatory policies that would enable utilities to retain these merger cost savings so long as a significant portion was channeled toward infrastructure investment.
People
New Opportunities:
People
New Opportunities:
Duke Energy made several changes to its executive leadership. Dick Blackburn said he would retire as the company's executive vice president, general counsel, and chief administrative officer. He had been with the company since 1997. Duke also named Bill Easter chairman, president, and CEO of Duke Energy Field Services, replacing Jim Mogg, who moves up to group vice president and chief development officer for Duke Energy.
The Talent Bubble
As Baby Boomers near retirement age, utilities face the challenge of preparing the next generation of leaders.
As Baby Boomers near retirement age, utilities face the challenge of preparing the next generation of leaders.
Human resources managers at many utilities are sounding alarm bells about an impending shortage of skilled personnel-even amid flat industry growth and high unemployment rates.
Plants for Sale: Pricing the New Wave
Financial players and load-serving utilities are looking for power asset deals.
Financial players and load-serving utilities are looking for power asset deals.
Despite talk of wide bid-ask spreads in the past two tumultuous years, some 60 sales of generation assets have been announced. These sales cover more than 22 GW of capacity, valued on a cash-and-debt basis at approximately $11 billion. A wide variety of buyers and sellers have participated in the sales activity, with a pronounced entry by financial players (investment banks and private equity firms) and load-serving entities (LSEs) looking for capacity to serve their load.