For the People
Former Progress Energy CEO checks in from his new job at TVA.
Fortnightly speaks with William Johnson, CEO of the Tennessee Valley Authority, about managing the country’s biggest government-owned power supplier.
Former Progress Energy CEO checks in from his new job at TVA.
Fortnightly speaks with William Johnson, CEO of the Tennessee Valley Authority, about managing the country’s biggest government-owned power supplier.
The Blue Ribbon Commission’s best answer for the nuclear waste dilemma.
As the Fukushima-Daiichi crisis unfolds, the U.S. DOE’s Blue Ribbon Commission is preparing its initial recommendations on how America should deal with its commercial nuclear waste. Early indicators suggest it will endorse the so-called fedcorp model—creating an independent federal corporation, similar to TVA. But a fedcorp structure, by itself, won’t resolve the spent-fuel dilemma. Success will require a strong mandate, consistent funding—and a totally new approach to siting and management.
Experts predict the top issues that utilities will have to weather this year, and beyond.
A soup-to-nuts preview of the next 12 months that touches on spinoffs and interest rates, climate change and New Source Review, the future of nuclear, investor returns, and natural-gas price volatility.
Diversified companies lead (and the globals lag) over the past five years.
Business & Money
Winners and Losers:
Diversified companies lead (and the globals lag) over the past five years.
The unbundling of services and companies in the electricity and natural gas industries have created unprecedented opportunities to reinvent the traditional integrated utility model, with a broader array of attendant risks and rewards. But this past year was clearly one of retrenchment and strategic soul searching, allowing an opportunity to re-examine the sector for winning business formulas.
People
New Opportunities:
Southern Co. chose Francis S. Blake to stand for election to its board of directors. Blake is an executive vice president at The Home Depot. Blake's election would bring the board to 11 members.
Mirant announced that M. Michele Burns is the company's new CFO and executive vice president, charged with leading the company's financial restructuring. Burns previously has been executive vice president for Delta Air Lines Inc. and a partner with Arthur Anderson LLP.
People
New Positions:
The Pennsylvania Public Utility Commission (PUC) appointed Thomas A. Leach to a two-year term on its Consumers Advisory Council. Leach is the business manager and financial secretary of Local Union 126, International Brotherhood of Electrical Workers.