Current Issue – Managing POWER Direct

"Smart Grid" or "Strong Grid"? Words Matter

The Obama administration recently changed its nomenclature on a topic of much interest to readers of this publication and those in the power industry. The administration has said it prefers…

The Controversy Over U.S. Coal Exports

In international trade, a gap between theory and practice has always existed. Theory stresses, as an underlying ideal, the economic benefits of trade based on comparative advantage. In practice, and…

Six Steps to Develop a Social Media Policy for Work

Employees are increasingly turning to social media sites like Facebook and Twitter to share information about their jobs. To the chagrin of companies everywhere, employees are also using social media…

Massaging the Messaging to Make Messages Meaningful

How fast does your spam filter fill up? What about your personal message filter? We are absolutely overwhelmed with messaging. Digital ads pop up during Internet searches. Direct mail pieces fill our…

Make Sure Your Metrics Help You Reach Your Goal

Everyone loves to be identified as a top performer. In power generation, our plants strive for increased availability and reduced forced outages. We measure performance indicators (metrics), report them to…

How Do Safety Leaders and Managers Create a Culture of Safety?

Knowing that safety is important is clearly not enough to create (or even put a dent in creating) a culture of safety and incident-free environments. We have heard the messages:…

Trend: Banks Retreat as Regulators Advance

It seemed like a good idea at the time. About 10 years ago, large investment banks that had long traded in energy commodities and derivatives, including playing in the wholesale,…

Coal Companies Must Battle NIMBYism with Better Tactics

Coal projects continue to be met with NIMBY [Not in My Back Yard]-type groups protesting coal companies’ efforts to start new projects. Although these projects can create plenty of jobs,…

Utility Rate Proposals: Are We Aligning Compensation With Performance?

The purpose of regulation is to align private behavior with the public interest. That public interest imposes two chief obligations. The first obligation is the utility's obligation to serve the public. This obligation…