EnergyBiz Magazine — November / December 2004

OUR TAKE

Welcome to the premier issue of EnergyBiz! [PDF]

You hold in your hands something unique and carefully tailored to meet the needs of you, the energy professional of the early 21st century. Our mission is to deliver the most insightful, relevant and useful magazine for a new generation of power industry leaders. Energybiz will be a vibrant, sizzling publication that quickly earns your respect as a vital source of information and analyses essential to your work life. The industry you face today and in decades to come will pose unprecedented challenges. You will need a journal prepared to walk with you through new terrain.

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FEATURED

Brain Drain: Our Graying Utilities [PDF]

Jack Haugh is a seeker of knowledge, a huntergatherer of arcane wisdom and unspoken understanding. Unlike those who pore over hieroglyphics amidst the ruins of an ancient world, Haugh, a technical leader in the division of Human Performance Technology at the Electric Power Research Institute, is out to capture the knowledge of workers vital to power modern civilization.

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Invasion of the Asset Snatchers [PDF]

Energy merchants and more than one dozen outside private investment groups have pumped tens of billions of dollars into the energy market during the last year, snapping up available generating assets and potentially transforming the competitive industry landscape.

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Smart I.T. [PDF]

For three-and-a-half years, the utility industry has been viewed, somewhat sadly, as a wasteland of wrecked fortunes, failed experiments in free enterprise and an inward-looking “back-tobasics” strategy that eschewed risk and innovation. Nothing could be further from the truth.

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LEGAL EAGLE

In Search of a National Energy Policy [PDF]

The energy infrastructure of the United States is not yet safe from potential terrorist disruptions. More must be done. And high energy prices threaten the nation’s economic rebound.

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Politics Aside: Now What? [PDF]

The 30-second sound bites and political debates of the 2004 campaigns are e memory. The election season is past. Where does that leave the nation’s energy policy?

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Patience, Please [PDF]

SOME ELECTRICITY INDUSTRY STAKEHOLDERS have been publicly impatient about the pace of progress toward the implementation of Regional Transmission Organizations, or RTOs. Although investor-owned electricity transmission facilities in the northeastern states and much of the Midwest are now within RTOs that are either operating or getting close to it, the process has seemed painfully plodding at times. Progress appears even slower in the Southeast and Northwest.

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ENERGY BUSINESS

Financial Firms Muscle into Energy Trading [PDF]

That was the state of energy trading in 2000 in the United States. It was marred by scandals involving Enron, Williams, and Dynegy. After deregulation left energy trading with minimal constraints, regulators discovered that companies such as Reliant Resources inflated revenue, Dynegy altered its books, and Enron manipulated energy prices in California.

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Energy Hedge Funds [PDF]

The demise of Enron and the energy merchants left a liquidity vacuum in gas and power trading that has been vacant for about two years. That is going to change rapidly as the newest energy financial players are now entering the market. This year marks the arrival of energy hedge funds that have the financial savvy and deep pockets to manage the energy volatility storm front.

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TECHNOLOGY FRONTIER

Renewables -- America's Well-Kept Secret [PDF]

The recent furor over high oil prices, blackouts, and energy scandals has rekindled a vigorous discussion of whether renewable technologies can help solve our nation’s energy problems. The steadily increasing contribution that renewable energy technologies have made to the security, safety, and reliability of our energy supply during the last quarter century seems to be one of America’s best-kept secrets.

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METRICS

Indices of Power Industry Financials [PDF]

The utility industry enterprise value stood at $685 billion last year, not far from the level it was at in 2000, before the gyrations caused by the fall of the Enron empire - and other companies wildly overvalued in 2001.

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Hiring Trends [PDF]

Engineering and management positions abound. Also needed are managers proficient in running general operations and information technology functions.

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INTRODUCING

Exec Steers Portland General Electric Through Turmoil [PDF]

PEGGY FOWLER HAS LIVED EVERY UTILITY EXECUTIVE’S WORST NIGHTMARE. She watched her parent company, Enron, implode in arguably the worst business scandal in the annals of American business.

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