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).
State public service commissions are insisting that utilities adopt risk management programs, and are allowing less pass-through for those that don't.
Making sense of RTO Week, the mediation talks, and FERC's promised new rulemaking.
Dynegy's senior vice president Peter Esposito didn't think much about the celebrated mediation talks on forming a single, unified transmission grid for the Northeast U.S.
NYPA's CEO clarifies details of the Power Authority's auction of nukes to Entergy.
Several comments are in order concerning the analysis by Dan Donoghue and David Haarmeyer of the pending sale of the New York Power Authority's Indian Point 3 and James A. FitzPatrick nuclear power plants to Entergy Corp. (, June 15, 2000, p. 90).
NYPA's Nuke Auction: More at Stake Than Price?
Electric Retail Choice. The Arkansas Public Service Commission has issued its final report on electric restructuring, citing a "broad" consensus favoring competition. It predicts immediate benefits for industrial customers, but warns that residential users likely will not see any quick rate cut. The PSC saw competition as consistent with action in neighboring states:
• Oklahoma. State law mandates retail choice by July 1, 2002.
• Mississippi. PSC plan would phase-in competition from 2001 to 2004.