PJM ITC Tariff Splits With Midwest
California Gov. Gray Davis named Michael Peevey president of the state's PUC, replacing Loretta Lynch. Lynch was expected to remain with the commission until the completion of her term, in January 2005. Peevey has served on the commission since March of 2002. He previously was president of Edison International. Davis also appointed Susan Kennedy commissioner, replacing Henry Duque.
Richard G. Newman, chairman and CEO of AECOM Technology Corp., joined the Sempra Energy board of directors.
Pension Plans May Slow Utility Growth in 2003
The economic downturn is increasing utility pension plan costs and liabilities.While 401(k) stock option plans have increasingly displaced traditional pension plans in corporate America, many mature firms like electric utilities are still administering sizeable pension plans that in the recent economic downturn could compromise future earnings, according to a report by investment bank CIBC World Markets (CIBC).
The Association of Edison Illuminating Cos. (AEIC) elected new officers. Thomas Shockley III, vice chairman and chief operating officer of American Electric Power, was elected president of AEIC. Elected as first vice president was Peter Burg, chairman and CEO of FirstEnergy. Richard Grigg, president and COO of We Energies, was elected second vice president.
Judy Pensabene has joined the Republican staff of the Senate Energy and Natural Resources Committee as deputy chief counsel. She is returning to the committee, where she worked from 1990 to 1995, after serving as vice president of federal affairs at Constellation Energy Group.
Entergy announced that Peter P. Schneider has been hired as vice president of Nuclear Human Resources, a new position within the company. Schneider's prior experience includes stints at Human Resources Strategies and Solutions, Inc., Exelon, and PECO Energy.
William J. Froehlich has been appointed director of the re-established Office of Administrative Litigation at the Federal Energy Regulatory Commission (FERC). Froehlich has been an attorney with FERC since 1975. As the head of the office, Froehlich will report directly to FERC Chairman Pat Wood III and the commissioners.
By Lori A. Burkhart
Gas-fired power is king today, but fuel diversity needs and new technologies may open the door for nuclear and coal.
The nation's demand for electricity is expected to grow by over 40 percent in the next 20 years, according to the Energy Information Administration (EIA). Meeting that need will require a great number of new generating plants. The burning question is, what will fuel these new plants?
And where the trouble spots lie in FERC's grid plan.
The mood appeared calm on June 26 in Washington, D.C., at the regular bi-weekly meeting of the U.S. Federal Energy Regulatory Commission (FERC). Key officials from various regional transmission organizations (RTOs) had gathered before chairman Pat Wood and the other commissioners to brief them on progress over the past year in reforming wholesale electric markets, and on what the FERC might expect in the summer at hand.