Business & Money
The application of FASB Statement No. 13 can result in unforeseen changes to the financial statements and, in turn, financial ratios of a utility.
Frontlines
The blackout could doom deregulation, but why treat reliability and reform as either-or?
Driving west near Cleveland on the Ohio Turnpike back in August, a few days after the big blackout, I saw what looked like a small helicopter hovering up ahead, about 25 feet from the top of a transmission tower.
Was this a prank? Had terrorists struck? Or was it the local TV news station, just trying to get a closer look?
Chief tech officers discuss how they are using their data to beat the competitition.
This year's first IT commandment: Use what you've got. And the second is like unto it: Data is king. Those are the strong themes that emerged from this year's CIO Forum. Fortnightly interviewed three chief information officers at three diverse companies: a traditional utility, Cinergy; a merchant generator, Calpine; and an independent system operator (ISO), the Electric Reliability Council of Texas (ERCOT).
Commission Watch
How far will FERC go to restore market confidence?
Despite keen industry interest in FERC's proposed "rules of the road," aka new codes of conduct, it appears the industry will have to wait. FERC recently granted extensions for filings, and the commission will not gather all reply comments until Sept. 18. Filings so far point to differences over the proposals, especially in time frames for reporting bad behavior, appropriate monetary penalties, and defining to whom the rules apply.
Technology exists to sequester carbon-but will utilities ever buy in?
The vision: A nation filled with new, coal-fired power plants that provide inexpensive, secure power for Americans, while emitting few pollutants and sequestering the carbon dioxide produced. In other words, a power plant that not only industry and environmentalists can agree on, but one that utilities can finance and operate profitably.
The ISO graples with the politics of scarity.
In regions that have embraced electric industry restructuring, such as New York, New England, and the mid-Atlantic states, where independent system operators (ISOs) have taken over and the standard market design (SMD) has grabbed a foothold over bulk power transactions, one fascinating question still dogs theorists and policymakers alike:
Is a power supply shortage really all that bad?
Virtual reality comes of age in the power industry.
Technological breakthroughs in power generation, pollution control, waste management, renewable resource applications, and many similar areas are at the forefront of advances in developing, managing, and delivering public utility products. However, technology that is more often associated with computer games and Hollywood blockbusters is taking hold in the industry, and its impact may well be as great as any of the more well known technologies.
Virtual reality comes of age in the power industry.
Technological breakthroughs in power generation, pollution control, waste management, renewable resource applications, and many similar areas are at the forefront of advances in developing, managing, and delivering public utility products. However, technology that is more often associated with computer games and Hollywood blockbusters is taking hold in the industry, and its impact may well be as great as any of the more well known technologies.