EnergyBiz Magazine — March / April 2009

OUR TAKE

Our Take [PDF]

Think of all the electric power used by residential consumers in New York City. Multiply that vast virtual battery by 14.That is the amount of electricity that can be saved in 2030 if we finally get serious about rescuing every wasted crumb of an electron that can be scrounged from our energy feast. The price tag would range between $19 billion and $47 billion, according to a yearlong study just completed by the Electric Power Research Institute.

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FEATURED

Calling Dr. Chu - A New Direction for DOE [PDF]

Since the Department of Energy was founded in 1977, it has been headed by an economist, a businessman, a retired admiral, an engineer turned financier, and several lawyers and politicians. It has been part of the presidential spoils - a home for a defeated senator like Spencer Abraham - and a safe way to diversify the cabinet with an African-American, a Lebanese-American and a couple of Hispanics.

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EDF Captures Constellation - Pursuit of a Nuclear Strategy [PDF]

Electricite de France's 49 percent acquisition of Constellation Energy's nuclear assets signifies its belief that nuclear energy will gain traction in the United States. As a first step, EDF will join forces with a company with which it already has relations and which is an established entity.

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Bring On Nuclear - A Conversation with David Crane [PDF]

NRG Energy aspires to become the first company to end the long drought on nuclear power plant construction in the United States. NRG, based in Princeton, N.J., generates 24,000 megawatts at 50 facilities. It has been in the news lately as the target of a hostile takeover bid exchange offer by Exelon. At a recent public lecture, David Crane, the company's president and chief executive officer, observed, "The energy industry stands poised to take a significant step forward in addressing our nation's energy needs in a manner that does not mean a step backward in terms of our stewardship of the global environment."

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LEGAL EAGLE

Shoring Up Reliability - Accommodating California's Renewable Revolution [PDF]

Never before in California history has the confluence of environmental stewardship and the power industry been stronger. The public and policy-makers want to make the important and challenging move to a greener, cleaner world and the California Independent System Operator Corp. is ready to help make that vision a reality.

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The Rise of the Micro Exchange - Transparency Valued [PDF]

One ironic turn of events due to the financial crisis is an increase in commodity exchange trading and clearing on regulated exchanges. This federal regulatory oversight has brought investors and traders safety with regard to performance, credit and counterparty risk management. Government market oversight and transparency are important components for future exchange growth. The fact is that bilateral trading contracts, which are often cleared on an exchange, become quasi-futures contracts and fall under government purview when exchange cleared.

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An Alternative Trading Platform - Europe Market Update [PDF]

Based in Germany, at the heart of Central Europe, the European Energy Exchange is the largest and fastest-growing commodity exchange in Europe, operating both spot and derivatives markets for power, gas, emission and coal products. With more than 200 trading participants from 20 countries including U.S. members, EEX boasts the largest number of trading participants and the highest turnover in Europe.

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Boucher Exit Interview - Toward Crafting a National Energy Policy [PDF]

Democratic Rep. Rick Boucher was recently moved from a key committee post in the U.S. House of Representatives where he helped craft energy legislation to a new assignment as part of a realignment ordered by the Democrats controlling Congress. EnergyBiz late last year sat down with to discuss pending national energy policy issues.

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Hard Times - The Struggle to Pay [PDF]

The service shut-offs by Southern California Edison last year say all that needs to be said about the financial pressure on some of the company's 4.8 million Los Angeles-area customers. Through October, 2008, SCEe had cut electrical service at the average rate of 30,000 customers each month - 3,000 more per month than in the same period in 2007.

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ENERGY BUSINESS

Coal Ash Piles Up - Tennessee Event Highlights Issue [PDF]

The thunderous collapse of an 80-acre coal ash pond at the Kingston, Tenn. TVA plant last December was the lead story on the evening news across the country. Suddenly, the public was aware that coal ash is a major environmental concern. Actually, that's hardly news. The U.S. Environmental Protection Agency has been studying the health and environmental impact of coal combustion waste for almost 30 years, but it never caught the public's attention. Until now.

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Stock Market Roller Coaster - Picking Winners and Losers [PDF]

Of the top five performers among major utility stocks in 2008, only two ended the year in positive territory. The third best-performing stock, Unisource, was down 6.9 percent. What happened and will it happen again this year?

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Setting Standards - Renewable Mandates Going National [PDF]

A federal mandate requiring utilities to acquire increasing amounts of renewable energy could be enacted as soon as this year. President Barrack Obama had it as one of his energy campaign planks and in recent years both houses of Congress have passed a version, though not at the same time and never as part of a final bill to reach the president's desk.

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Unions Set Goals - Dealing With Retirement Surge [PDF]

Compared with the plight of the United Automobile Workers, which has seen its membership cut in half to 140,000 in three years, the two major utility unions have been bastions of calm and stability. Both the International Brotherhood of Electrical Workers (IBEW) and the Utility Workers Union of America (UWUA) have seen steady membership and limited downsizing since linesmen and other employees must be on site to conduct their jobs, which can't be easily outsourced. Since Barack Obama was elected president and Democratic presidents tend to support unions, will these unions see a rise in membership? Indeed, how will the labor landscape change in 2009?

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Land Partners - A New Approach to Wind Development [PDF]

The image of a solitary wind turbine rising above a farm in a lone prairie is a romantic idea - but usually not a profitable one. Yet the idea of dozens or hundreds of turbines owned by a corporation that profits from the wind over their land is appalling to many landowners.

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Flaws in Carbon Principles - We Don't Need Financial Engineering [PDF]

We have plenty of good reasons to blame Wall Street financial firms for the progressive deterioration of our economy. Here are some more.

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TECHNOLOGY FRONTIER

Solar Makes Sense Now [PDF]

Solar photovoltaic electricity has historically suffered from a troika of complaints that limited its deployment to niche markets: "Solar is too expensive," "Solar is not reliable" and "Solar is not scalable enough to solve major energy needs." The newest wave of technologies, equipment makers, module manufacturers and installers are putting an end to those misperceptions once and for all.

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Where T&D Automation is Headed - 2009 and Beyond [PDF]

The financial environment and economic outlook darken many segments of the national and global economies. Will the electric power industry significantly scale back planned capital expenditures and operations and maintenance spending on transmission and distribution automation? To find the answer, we conducted a global study of capital-expense budgets.

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Photovoltaics and Utilities - Coming Attractions [PDF]

Like analysts for many industries, photovoltaic industry analysts are all over the map with predictions. But what most energy executives don't realize is that some respected analysts are forecasting that one-third of annual global generating capacity additions will come from electricity generated by photovoltaics by 2012 - and this forecast does not include additional capacity from solar thermal electric. Is this scenario realistic? Maybe. Maybe not.

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Bad Space Weather Risks - The Vulnerability of the Grid [PDF]

Severe weather events in space pose operational threats to the North American electric power grid. A large geomagnetic storm in March 1989, for example, triggered a blackout of the Quebec power grid and also came close to causing similar widespread blackouts across regions of the U.S. power grid. Geomagnetic storms pose the risk of long-term outages to major portions of the North American grid.

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The Power of Optics - Improving Substation Measurements [PDF]

As power demands grow, there are inevitable strains on the grid, transmission and delivery systems. These strains drive up the need for more frequent and better measurements of the state of equipment deployed at distribution points and in substations. Additionally, utilities want more frequent measurements than were taken in the past, whether the measurements were possible or not with the then-current technology.

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Moving Beyond Gasoline - Utilities Study Impact [PDF]

If the United States is serious about lessening its dependence on foreign oil for surface transportation - gas for cars, really - there appear to be three options available to change over from what's been the fuel of choice for more than a century.

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METRICS

Metrics [PDF]

  • Clean Investments Surge
  • Voter Snapshot

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INTRODUCING

A Time For Leadership - David Sokol's View of the Utility Universe [PDF]

MidAmerican Energy Holdings Company has a way of ending up center stage. Perhaps that's because 87.4 percent of MidAamerican is owned by Berkshire Hathaway, which is ruled by legendary investor Warren E. Buffett. has expressed an interest in deepening his investments in the power sector.

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FINAL TAKE

Enlisting Home PCs - The Quest for New Solar Materials [PDF]

Plastic. It may be the future of solar cells, according to many researchers. In fact, solar cells made of organic plastic materials have the potential to be lower cost and lighter weight than today's silicon-based cells, making them a better candidate for large-scale, commercial, electric-generation systems.

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EnergyBiz Digital


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