Nuclear

People

People for March 2004.

Positions filled at Allegheny Energy, Constellation NewEnergy, Xcel Energy, and others.

U.S. Glut, Global Opportunities

Where will the next development opportunities occur?

Naturally, many uncertainties cloud the forecast of regional and technological growth. China appears poised to accelerate orders for steam coal plants over the next two years. Issues of financing and market transparency may stifle needed development in Latin America and the former Soviet Union. Finally, today’s high natural gas prices, if sustained, may undercut the CCGT as the most economical power generation choice.

Rethinking Restructuring

Two Cato analysts suggest a return to the past-vertical integration, but now with no state regulators.

The defeat of the energy bill in the Senate last year has thrown electricity restructuring back on its heels. There clearly is no consensus among politicians or academics regarding how this industry ought to be organized or how it might best be regulated. Finding our way out of this morass requires a reconsideration of how we got to this dismal point in our regulatory journey. Doing so suggests a surprising series of conclusions about what has gone wrong and where to go from here.

People

People for February 2004.

New opportunities at Duke Energy, Northeast Utilities, Progress Energy, and more.

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New Oportunities:

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New Oportunities:

Philip Carroll Jr. returned to ScottishPower as a non-executive director. According to the Comtex News Network, Carroll left ScottishPower earlier in 2003 to assist with the rebuilding of infrastructure in post-war Iraq.

Chesapeake Utilities hired Joe Steinmetz as its director of Internal Audit. Steinmetz served in the same position with Dover Downs Gaming & Entertainment Inc. and Dover Motorsports Inc. from 2001 to 2003 before being promoted to assisted controller.

New Nuclear Construction: Still on Hold

A number of factors point to expanded nuclear generation. But when?

A number of factors point to expanded nuclear generation. But when?

The role that nuclear power will play in the U.S. electricity generation mix during the coming decades has been a subject of continuing speculation. Few analysts deny the remarkably improved prospects for the existing fleet of reactors: Efficiencies realized by industry consolidation, reactor uprates, and plant license renewals have, in a period of about five years, greatly increased the market value of nuclear plants and the competitive advantage of companies that own them.

Generation Roundtable: Power Flux

Generators struggle to plan for the future as they cope with an unstable present.

Generators struggle to plan for the future as they cope with an unstable present.

When the acting administrator at the Environmental Protection Agency (EPA), Marianne Horinko, signed the EPA's "routine replacement" rule on Aug. 27, 2003, she proclaimed that the new approach to Clean Air Act regulation would "provide … power plants with the regulatory certainty they need."

The Modern Utility: Still a Black Box?

Wall Street bankers say utilities are not effectively telling their story.

How do you value an investor-owned utility? Ever since the Enron debacle, the credit crisis and the economic downturn, many in the investment community say that there exists a need for utilities to better communicate their business vision and corporate model — particularly now that the economy is headed into an economic upswing and utilities will have to compete with higher-yielding financial instruments such as U.S. treasuries, or competing equities with higher-paying dividends.

People

People for November 1, 2003

New opportunities at the Nuclear Energy Institute, the Analysis Group, Southwest Gas Corp., and others.