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The Energy Industry Update – Volume 5, Issue 2

The ScottMadden Energy Industry Update

The Energy Industry Update (EIU) is a compendium of breaking news, emerging issues, and recent developments in the energy industry.

Hurricanes Katrina and Rita struck in late summer and early fall, leaving a path of death and devastation, including one bankrupt utility. Also, the Energy Policy Act of 2005, the most comprehensive energy legislation in more than a decade, was enacted in August. Meanwhile, FERC has a new chairman, who has changed the strategic thrust of FERC from focusing on competitive markets to a joint goal of competitive markets and effective regulation. Finally, energy companies remain active on a number of fronts, including in disaster recovery, nuclear development, M&A activity and SOX-related issues.

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The Energy Industry Update - Volume 16, Issue 2

The energy industry is changing, and its regulatory and financial moorings are shifting. Competitive markets combined with other factors may lead to early nuclear unit retirement. Continuing changes in energy supply and demand patterns create a complex operation environment for electric utilities. Federal and state policy lines are beginning to blur as states have been increasingly intervening in FERC domain seeking favorable outcomes for their citizens and other local constituencies. In our Update, themed “As Yogi Berra Might Say…,” we look at the unusual picture drawn by the juxtaposition of these changes.
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