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ELP Volume 78 Issue 5

Commodity play: U.S. businesses seek broader range of services from energy suppliers

While substantial majorities of U.S. businesses express interest in buying energy-related products and services from their electricity suppliers, the number of offerings from energy sources has actually declined from six months ago, according to the survey.

E-transformation: Utilities gearing up (slowly) for e-business operations

Electronic business (e-business) is transforming all aspects of the energy industry. Between now and 2004, e-business will accelerate market restructuring, redefine business processes, drive down supply chain costs, and provide the catalyst for a new customer-centric focus. However, during this time, adoption rates will continue to lag leading competitive markets, such as high tech, financial services and retail.

MANAGEMENT METHODSQuestion status quo, but take positive approach

How you view yourself, your colleagues and your company can help or hinder your career.

New company battles physics to deliver power line Internet

High-speed Internet access over power lines may be tested by some U.S. utilities later this year.

IT BITS

American Electric Power, GPU and Allegheny Energy will own 90 percent of the venture, America's Fiber Network.

Multi-billion-dollar B2B market leaps online

E-markets (short for electronic marketplaces) are the latest buzz in e-business. Utilities have a lot to gain by being early adopters of this powerful business-to business (B2B) Internet market development.

News Briefs

TNP acquisition complete: TNP Enterprises Inc., the parent of Texas-New Mexico Power Co., completed its transition to a new ownership group, led by William J. Catacosinos, managing partner of Laurel Hill Capital Partners LLC. The new owners also include CIBC World Markets and other financial institutions. The transaction was valued at $1 billion, including assumed debt.

RTOs evolve in response to FERC Order 2000

The U.S. electric transmission industry has under- gone significant change over the past year. With a vast number of issues still unresolved, the industry can expect continued transformation this year.

Schizophrenia for fun and profit

An old friend called me on the phone recently to razz me about EL&P's recent industry coverage.

People & Companies

Joe Richardson, currently the president and CEO of Florida Power Corp. and group vice president of Florida Progress Corp., will head the Florida operations of the new combined company once CP&L's acquisition of Florida Progress is completed this fall. Richardson's title will remain president and CEO of Florida Power Corp. in the combined company, and he will report directly to William Cavanaugh, CP&L chairman, president and CEO.