David Victor Quoted On the Ideal Utility CEO
Winning over Wall Street
09/12/2011
Gary Stern,
EnergyBiz
In the energy industry, the times are transforming, not just changing. In 2009, energy consumption dipped 1.1 percent, the first time since the Great Depression in 1930 that power use declined in the United States. Utilities are urging consumers to employ smart meters, which improve energy efficiency but also reduce revenue.
In addition, M&A action proliferated in 2011. To name a few deals announced this year, Duke Energy acquired Progress Energy for $13.7 billion, Exelon gobbled up Constellation Energy Group for $7.9 billion, and First Energy and Allegheny Energy merged. The Duke and Exelon deals await final approval. Mergers help lower costs and offset the effect of reduced revenue.
Given these massive changes, what are industry analysts and experts looking for in the future from energy companies? What can a utility CEO do to stay one step ahead of the changes and boost a company's share price and revenue?
Click here to read the full article.
Related Links
David Victor is Director of the Laboratory on International Law and Regulation (ILAR). Looking across a wide array of issues from environment and energy to human rights, trade and security, the Laboratory explores when (and why) international laws actually work.
