EnergyBiz Magazine — March / April 2005 |
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OUR TAKE
Lessons from the Land of Oz! [PDF]
A decade ago, David Wittig was summoned to tranquil Topeka, Kan., by John E. Hayes Jr.,
then chief executive of Western Resources, now Westar, to grow the company. At the time,
Wittig was a top player on the merger and acquisition scene. By age 31, his financial feats
landed him on the cover of Fortune magazine, where he was photographed chomping a cigar.
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FEATURED
M&A Take Off [PDF]
News of the $13 billion mega-deal of the year – the marriage of Exelon and Public Service
Enterprise Group to form the nation’s largest utility — rocked the utility industry
in late December. The new entity, Exelon Electric & Gas, will provide power to
7 million customers and natural gas to 2 million in Illinois, Pennsylvania and New Jersey,
serving a territory comprised of 18 million people.
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Dealing with Greenhouse Gas [PDF]
Faced with the growing realization that global
warming can no longer be ignored, a number
of leading energy company executives
are voluntarily taking action to reduce
the carbon dioxide and other pollution
emissions released from their energyproducing
plants.
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Executive Suite Musical Chairs [PDF]
A new generation of leaders is landing in
utility executive suites as the industry
struggles to define a vision for itself in
a post-Enron environment.
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LEGAL EAGLE
Sempra Challenged, Stakes High [PDF]They met at a Phoenix airport hotel room just two days after California enacted its sweeping power-market restructuring bill in September 1996. But the dozen executives of three Western energy firms had more on their minds than the deregulation of electricity.[ Comment On This Article ][ Blog About This! ]
Coal Captives [PDF]There’s a new spirit of rapacity in the air. When it comes to hauling coal — the nation’s most abundant and affordable source of energy for generating electricity — electric utilities often find themselves captive to a single railroad either at the point of origin (the mine), destination (power plant), or both. This fact of life for utility[ Comment On This Article ][ Blog About This! ]
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