Management

In 2023, U.S. utilities have a multipronged ambition to realize: how to provide customers with reliable, affordable, and sustainable energy, and safe water. However, increased pressure around decarbonization and the adoption of cleaner energy sources, electrification, and related infrastructure needs, and customer-driven disruption will make this energy trilemma even more difficult to balance. Management at […]

NOV. 17, 2022 — Siemens Gamesa today announced its board of directors has appointed Christian Bruch, president and CEO of Siemens Energy AG and a member of Siemens Gamesa’s board, as the company’s new non-executive chairman. Bruch will succeed Miguel Ángel López, who has chosen to embark on a new chapter in his professional career, […]

Utility fleet managers faced their share of challenges in recent years. They needed to respond quickly and effectively to emergency situations and rising customer expectations while keeping drivers feeling safe and supported. They also needed to maximize the utilization of vehicles while extending lifecycles and complying with regulations—even as they evolve faster than ever. Like […]

Baltimore Gas & Electric set out to build the 1.8-GW Calvert Cliffs Nuclear Power Plant in 1967 because fossil energy was becoming expensive and controversial. Over its nearly 50 years of operation

A company that has corporate roots that go back to the Colonial era, Dominion Energy has been shaped by acquisitions and market forces. It is now in the midst of an extraordinary transformation to expand its

With winter fast approaching, and the dreaded effects of extreme natural gas price levels and volatility looming, together with unprecedented uncertainty of fuel supply, governments in Germany and France have

The Duquesne Light Co. (DLC) may not be among the best-known electric power companies in the U.S., but for its customers in Allegheny and Beaver counties in southwestern Pennsylvania, the company has been a steady presence in the community for more than a century. “We are a Pittsburgh-based utility company. We’ve been in operation for […]

While the Inflation Reduction Act (IRA) provides steps in the right direction by expanding renewable energy development and electrification incentives, it may also lead to a worsening duck curve and a larger proportion of variable power sources in the generation mix—putting significant pressure on utilities’ ability to maintain reliability. U.S. utilities need to be proactive […]

Bitcoin mining is the process used to generate new coins and verify new transactions. The process involves vast, decentralized networks of computers around the world that verify and secure blockchains, the virtual ledgers that document cryptocurrency transactions. In return for contributing their computing power, miners are rewarded with new coins. The process ultimately requires a […]

In another high-profile leadership shuffle at a major U.S. power generating company, PSEG’s longtime president and CEO Ralph Izzo on Sept. 1 passed leadership of the regulated infrastructure company to Ralph LaRossa, who was previously PSEG’s chief operating officer (COO). Izzo, who will continue to serve as executive chair of the PSEG board until December […]

The threat of climate change is no longer a threat—it’s here and it’s impacting everyone. However, in New Jersey, 10 years after Superstorm Sandy, communities are better prepared than ever to handle

Again, this year, Experience POWER will be co-located with the Distributed Energy Conference (DEC) and HydrogeNext, giving attendees the opportunity to learn from and network with trailblazers from the power industry, who are leading the way in the world’s energy transition. These three events cover the full energy value chain for the power industry, delivering […]

As international travel picks up, energy corporations are turning to mobile employees to fulfill their international staffing needs. However, as mobile work gains steam, tax and compliance risks continue to grow as well—unbeknownst to most corporate leaders. Many businesses, unfortunately, are failing to set up an adequate plan to protect against tax violations in the […]

Entergy Corp.’s chairman and CEO Leo P. Denault will retire in 2023, ending a decade-long role as the head of the New Orleans–headquartered power generating giant. Denault will be succeeded by Andrew “Drew” Marsh, Entergy’s current executive vice president and chief financial officer. Denault, 62, was appointed Entergy’s chairman and CEO in 2013, taking over […]

American Electric Power’s (AEP’s) long-serving chairman, president, and CEO, Nick Akins, will step down as CEO on Jan. 1, 2023, and has already passed the company’s presidency to Julie A. Sloat, AEP executive vice president, and chief financial officer (CFO). Sloat, 53, will become the power generating company’s CEO in January, making her the first […]

Oakland, California (August 11, 2022) — OhmConnect, a leading provider of residential energy flexibility, today announced the appointment of David Cooper as Chief Financial Officer. David joins OhmConnect from Ripple Foods where he helped lead the rapidly growing plant-based food company. He brings a track record of  $24B+ in financial transactions, including IPOs, tax-free spin-offs, M&A, […]

FORT COLLINS, Colo., August 4, 2022 – After an extensive national search, Platte River Power Authority (Platte River) recently completed its senior leadership team by naming Eddie Gutiérrez as the organization’s chief strategy officer (CSO). “Eddie is a compassionate strategist and communicator and brings decades of advocacy and community engagement experience to Platte River,” said […]

Operational innovation—creating new ways of performing core business functions like grid asset management—can provide reliable, relatively low-cost transformation for electric utilities. One area for

The French government is prepared to take full control of EDF, one of the world’s largest producers of electricity, as the energy group struggles with increasing debt due to problems with its current and future nuclear power fleet. Élisabeth Borne, who took over as France’s prime minister in May, in her first state-of-the-nation speech to […]

Moving from reactive to predictive maintenance requires the right tools for use by subject matter experts. As the power industry continues to advance from preventative to predictive maintenance, one thing is

A Goldman Sachs private equity business is taking a stake in critical industry cybersecurity firm Fortress Information Security. The $125 million investment underscores a heightened awareness of supply chain vulnerabilities within the investor community. Fortress, which announced the investment from Goldman Sachs Asset Management Private Equity on April 19, said it also highlights a wider […]

CEO Steve Edwards to retire after 44 years with global infrastructure leader OVERLAND PARK, Kansas (15 APRIL 2022) – The Black & Veatch Board of Directors today announces it has selected Mario Azar as the chairman and CEO for the company upon the decision of Steve Edwards to retire after 44 years of outstanding leadership, […]

Power companies rely heavily on engineering, procurement, and construction (EPC) contractors to build new power facilities and keep old ones in top condition. However, some projects go smoother than others

Maintenance equipment and tools have always been important for plant operators. In the early days, the tools were likely made entirely of iron and steel, copper and brass, lead, leather, rubber, or glass. Some

Following part one in this two-part series about operational excellence (OpEx) in the power industry, Hexagon discusses the value of setting milestones to help reach OpEx goals. In addition, the significance of embracing cultural change, leadership’s crucial role in change management, and how to develop change champions in power organizations is examined, along with technology […]

Operational excellence (OpEx) is a holistic approach to business change that requires small, ongoing modifications capable of producing significant effects. Within power operations, this approach can be used to improve crucial day-to-day procedures, such as shift handover, and address deviations from the norm, for example, market conditions. It is important to acknowledge that OpEx is […]

One of three new GE members join an exclusive National Academy of Engineers (NAE) membership of 2,388 US members and 310 international members. Membership one of the most prestigious honors an engineer can receive 131 others, including Tesla CEO, Elon Musk, head of Microsoft Satya Nadella and Noubar B. Afeyan, co-founder and chairman, Moderna Inc. […]

Today, power generators often don’t have the same in-house capabilities that they did in years past. Therefore, managing operations and maintenance at many facilities has become more difficult. Here are some

The last two years have had a profound effect on businesses in all industries, including power generation. Looking into the future, it’s evident that even more change is on the horizon. To accommodate these changes, one thing has become clear within the realm of finance: Digital transformation is no longer optional. Instead, it’s a necessary […]

Power producers today need to address multiple changes to the energy industry that are coming fast and furious. Among these changes are diversification of fleets, new power generating profiles, and drastic