The North American Electric Reliability Council (NERC) promoted Dave Nevius to senior vice president; David Cook to vice president and general counsel; and Don Benjamin to vice president. Nevius has been a vice president at NERC since 1986; Cook has been NERC's general counsel since 1999; and Benjamin has been director of operations since 1985.
Ameren Corp. named Martin J. Lyons vice president. Lyons has been the company's controller since joining Ameren in October 2001.
U.S. companies' international strategies turn sour, as Europe faces a future with an oligopoly of power companies.
While the European Union is pushing to give all industrial and commercial customers electric choice by 2004, giant incumbent European utilities are increasingly dominating power markets across Europe and the United Kingdom.
Why rate base is back in style.
It's no surprise that traditional utilities are now fashionable with Wall Street. With merchant generation and energy trading gone bust, bankers, analysts, and fund managers at the 37th Edison Electric Institute Financial Conference, held last month in Palm Springs, Calif., were falling over themselves to find those regulated gems overlooked during the energy merchant boom years.
The pros and cons of dividend pay-out reductions and stock repurchase programs in uncertain economic times.
The Dow Jones Utility Average currently stands at its lowest level in five years. Electric and gas utilities, along with U.S. companies generally, have been consistently lowering their payout ratios over the past several years, and that downward trend is projected to continue. What do these facts portend for utility investors in the near future?
Merchants' trading volumes and revenue are still too inflated.
Experts say utilities' inconsistent approach to weather risk is costing them dearly.
The Year of Living Dangerously