Archive: Finance

Power Owners in Strong Position to Collect Liquidated Damages

Although law varies by jurisdiction, a recent case demonstrates arbitration panels’ willingness to uphold liquidated damages clauses in power plant engineering, procurement, and construction contracts.

U.S. Wind Capacity Soars, Manufacturing Doesn’t

Wind generating capacity hit new highs in 2009, but that didn’t mean much for the wind power manufacturing sector, meaning fewer “green” jobs than the Obama administration hoped to see.

Where Are the New Engineers?

The U.S. isn’t producing the workforce it needs for the future of energy generation. And forget about “green jobs,” an undefined concept.

Addressing the Intraday Trading Position Conundrum

Power traders need to get faster, more accurate information on how markets are working and how they are swinging. They should look to telecommunications and manufacturing markets for solutions.

An Economist Looks at Climate Policy

An economist scratches his head in consternation as he looks at the discussion about climate change and energy conservation. Take his quiz to learn why commonly accepted assumptions make poor economic sense.

TREND: Coal in a Hole

While pundits opine that the U.S. economy is in recovery, that doesn’t show up in the world of coal-fired electric power plants (perhaps lagging economic indicators). For proof, see these recent stories.

Flipping the Switch: Why Utilities Need to Shed Light Now on Carbon Risk

Carbon is poised to become an auditable and verifiable reporting requirement for American business. Because utilities are among the organizations with the most at stake in a carbon-constrained economy, they should proactively tackle carbon management and carbon accounting in spite of uncertainties about the precise formulation of the final regulatory framework. In short, whether a carbon accounting requirement is legislative, administrative, or driven by business partners and consumers, now is the time for utilities to act.

DOE Mission Support

The National Academy of Public Administration faults the U.S. Department of Energy on human resource management, contract controls, and financial management.

Nuclear Roundup

The economic downturn hits Entergy Corp. and Bruce Power.

Falling Demand Leads TVA to Trim New Reactor Plans

TVA scales back plans to revitalize new nuclear construction at its Bellefonte plant, suggesting that it will scrap plans for new units at the site and perhaps focus on its unbuilt unit that has been mothballed for 25 years.