Vendor Neutral
ABB buys Ventyx; Powerspan and WorleyParsons CO2 capture test results; Honeywell lands Progress Energy contract; Opower releases customer engagement platform; HECO picks Siemens for smart-grid stimulus project; and MORE.
FirstEnergy
The Incredible Shrinking Reactor
Small is beautiful for nuclear developers.
Small modular reactors (SMRs) are nuclear generating units that are about the size of railroad cars and provide about one-tenth to one-fourth the power of full-size reactors. As a result, they cost a fraction of what full-size reactors cost. The reactors are designed to provide between 40 MW and 300 MW of electric power, compared with the 1,100 to 1,700 MW output of larger reactors. In addition, most are expected to cost under $1 billion, compared with the $5 billion to $10 billion price tags of the larger units.
People (April 2010)
MidAmerican Energy Holdings announced the appointment of Michael Dunn as president of PacifiCorp Energy. NiSource Inc. announced that Jimmy D. Staton, executive v.p. and group CEO of NiSource’s gas distribution business, also will assume the added responsibility of leading the NiSource Indiana utilities, including Northern Indiana Public Service. Vectren chose Carl L. Chapman to serve as CEO. And others.
People (March 2010)
FirstEnergy announced that James G. Garanich is named v.p., tax, replacing the retired Gene Sitarz. Garanich was a tax partner with Ernst & Young. Ty R. Pine was hired as state governmental affairs manager for Ohio. Duke Energy Generation Services appointed Tony Dorazio as senior v.p. for wind development. He helped launch London-based BP Alternative Energy’s wind power business. And more...
People (December 2009)
Con Edison named Craig S. Ivey as president. American Electric Power (AEP) promoted Brian X. Tierney to executive v.p. and CFO. FirstEnergy named Tony C. Banks as v.p. product and business development for FirstEnergy Solutions. Exelon named Douglas J. Brown as senior v.p. and chief investment officer following a 26-year career with Chrysler. And more...
Carbon Solutions
Capture and storage tech developments secure coal’s future.
Capture and sequestration will help ensure the future of coal-fired power plants. Demonstration projects are allowing utilities to kick the tires on the latest technologies, and to learn how CCS will affect operations and economics at state-of-the-art plants.
People (October 2009)
The New York Independent System Operator named Thomas J. Rumsey as v.p. of external affairs. NV Energy promoted Robert Stewart to senior v.p. of customer relations. Calpine Corp. appointed Todd Thornton as treasurer and he now holds the title of v.p.-finance & treasurer. The California ISO appointed Keith Casey, Ph.D., as v.p. market and infrastructure development. And others...
The Fortnightly 40
The 40 Best Energy Companies
(September 2009) The industry’s best companies are weathering the financial storm reasonably well, with the F40 delivering equity returns in the 14-percent range for fiscal 2008. However, falling sales and rising costs are putting heavy pressure on balance sheets—and on regulatory relationships. Companies that balance customer value and shareholder value will be most likely to thrive in the new normal.
People (June 2009)
Dominion named Paul E. Ruppert as senior v.p.-Dominion Transmission. ITC Holdings Corp. appointed Edward M. Rahill to president of ITC Grid Development. Ameren Corp. promoted Karen Foss to senior v.p., communications and brand management, from v.p., public relations at Missouri subsidiary, AmerenUE.
NV Energy appointed Punam Mathur as v.p. of human resources.
People (March 2009)
Hawaiian Electric Industries named James A. Ajello senior financial v.p., treasurer and CFO. Black Hills Corp. selected Robert A. Myers as senior v.p. of human resources. Constellation Energy appointed Carim V. Khouzami as executive director, investor relations. And others...