Independent transmission system operators (ITSOs) are adopting diverse strategies for addressing the physical and political needs of their regions. They are entrusted with the complicated tasks of ensuring non-discriminatory and reliable transmission access, administering regional transmission tariffs, and in some cases, operating power exchanges.
Entrepreneurs in recent years aggressively pursued development of merchant power plants in Florida for the sale of wholesale electricity since projections are that the state may need as much as 8,000 MW of additional electricity over the next 10 years. Merchant plants are entirely funded and constructed by private equity investment and debt financing with no captive ratepayers to assure the repayment and recovery of the construction or operating costs. End users of electric power from merchant p
The Broken Hill Proprietary Company Ltd. (BHP) of Australia agreed to sell its electric power business to Duke Energy in mid-December. The A$509 million (US$315 million) transaction involves power plants and transmission lines in Western Australia and New Zealand, part of a gas pipeline in Western Australia and a portfolio of other Australian and international development projects.
With the passage of the Telecommunications Act of 1996, many U.S. electric utilities are increasingly investing in the telecommunications industry.
As the Midwest Independent System Operator (MISO) leadership works to patch the transmission entity`s holes, others are eagerly pursuing new models for moving power through the region.
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Pacific Gas & Electric Corp. (PG&E) named Thomas B. King president and COO of PG&E Gas Transmission, the company`s unregulated gas subsidiary. King was president and COO of Kinder Morgan Energy Partners prior to the appointment.
The focus for most of the U.S. power industry is on divestiture, consolidation and-perhaps most impor- tantly-cost containment. Rethinking capital allocation is integral in the wake of restructuring initiatives and their continued push to competition. The variables factored into a company`s business strategies are now weighted differently, or are new ones not previously considered. The balance of future risk and reward tradeoffs depends on variables such as regulated assets vs. non-regulated ass
ISO New England selected Philip J. Pellegrino as its new president and CEO, effective upon Robert E. Charpentier`s retirement Jan. 31. Pellegrino`s most recent position was senior vice president of New York Power Authority`s transmission business unit.
The Consortium for the Intelligent Management of the Electric Power Grid (CIMEG) was awarded a three-year $1.5 million grant from the Electric Power Research Institute and the Department of Defense to develop an intelligent management system for the nation`s electric power grid. The system, which would operate in a manner similar to a computer network, would help ensure reliability in times of severe natural disasters or other crises. No system currently exists to protect the integrity of the na