EnergyBiz Magazine — March / April 2005

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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Articles Within This Feature

 

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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Articles Within This Feature

 

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.

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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

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ENERGY BUSINESS

The View from Calpine [PDF]

Calpine Corp. has a vision of the long-term value of building an industry around independent power production. Despite recent setbacks, IPPs will play an important role in the emerging

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To Diversify -- Or Not [PDF]

Boredom is beautiful, at least as far as investors are concerned. The utilities that rewarded investors most over the past five years, Entergy Corp. and Green Mountain Power, both emphasized a back-to-basics approach well before their peers, says the Edison Electric Institute.

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TECHNOLOGY FRONTIER

Get Nuclear [PDF]

Electricity was first produced from uranium fuel more than half a century ago, when power from an experimental nuclear reactor lit four light bulbs. That was Dec. 20, 1951. Compare that to Dec. 20, 2004, when at any given moment, electricity from U.S. nuclear reactors lit the equivalent of more than 1 billion light bulbs. That’s progress — but it may not be enough.

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The Promise of Wave Power [PDF]

The solutions to today’s energy challenges need to be found through increased electricity generation using alternative, renewable and clean energy sources. An extremely abundant and promising source of energy exists in the world’s oceans.

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METRICS

Metrics [PDF]

  • Trends in Utility Rate Case Filings
  • Ticker Takes 
  • Renewable Energy Rankings

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INTRODUCING

The Biologist at Southern's Helm [PDF]

David Ratcliffe knows his term at the helm of the Southern Company comes at a time when the power industry has entered choppy waters. He is one of a number of executives around the country tapped in the past few years to steer their utilities on the eve of what may be a period of epochal industry changes.

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FINAL TAKE

Top Energy Employer [PDF]

Obviously, we don’t know why Valero was the only energy company on Fortune magazine’s list of the 100 Best Companies to Work For but we do know why Valero was listed and what distinguishes us from other companies.

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