MANAGING POWER Direct [July 1, 2011]

FERC Offers Guidance on NERC Penalty Notices

The Federal Energy Regulatory Commission is starting to sort out the often mysterious and vexing issues surrounding reliability penalties as the federal agency and the North American Electric Reliability Corp. work through their evolving relationship. The case involves an outage at the Turlock Irrigation District in California.

Five Reasons Why Leaders Need a Closed Door Policy

Many leaders believe that an open door policy will improve employee communications and group productivity. On the other hand, there are five reasons why a closed-door policy may have more benefits to your organization.

How to Fix a Hiring Mistake

Have you ever made a hiring mistake? The candidate had the right credentials, experience, and the price was right. When the new employee never meets minimum expectations, what should you do?

IFS Study: ERP Too Complicated and Inflexible for the Electric Power Industry

Enterprise resource planning software has swept the power industry, promising to improve coordination and management. Has it lived up to the hype? One ERP vendor says the programs often underperform.

Planning for a Major Trading Counterparty Bankruptcy

Central banks in the past 18 months have injected a flood of money into financial markets. This liquidity in the system has allowed many marginal companies to issue bonds and avoid looming bankruptcy. Now is the time to take steps to protect yourself from the effects of a failed business relationship.

Suits, Not Suites, Determine Firm Performance

It's the middle managers, not the charismatic strategists in the executive suite or the creative propeller-heads in R&D, who really make organizations run, according to a new study from the University of Pennsylvania's Wharton School.

The Fallacy of Energy Independence

Is the term "energy independence" merely an oxymoron, or is it a national imperative? Opinions differ. Either way, the goal is practically impossible to achieve.

The Power of the Stealth Hacker

How easy is it to hack a generator's SCADA system? It's so easy it scares the heck out of the guy who used to run network security for the Bonneville Power Administration. It's so easy he can't tell us any details, for security reasons. That's why we should all be scared.

TREND: Nuclear Power in the Shadow of Fukushima

Both the 1979 Three Mile Island accident and the Chernobyl catastrophe prompted worldwide retreats away from nuclear electric generating technologies. Despite brave rhetoric from nuclear supporters around the world, a number of countries with a large number of nuclear plants are having second thoughts about the future of nuclear power.

Writing an Employee Handbook Your Employees Will Read, and Heed, Part 2

In the last issue of MANAGING POWER we looked at some of the important points to keep in mind when writing an employee handbook to ensure that employees will actually will read it and adhere to its policies. This concluding article covers 10 of the most important policies that should be included.