Alternative Energy No Longer Alternative
Declining costs poised to move renewables mainstream
Reprinted from EEnergy Informer (Mar. 2012, Vol. 22, No. 3) with permission.
Fereidoon P. Sioshansi
Editor & Publisher, EEnergy Informer
(Walnut Creek, California)
The World in 2013, a publication of The Economist, boldly declares, “The word ‘alternative,’ with its connotations of hand-wringing greenery and a need for taxpayer subsidy, has to go. And in 2013 it will. ‘Renewable’ power will start to be seen as normal.”
For Gas and Electric Utilities the Recent Recession/Recovery is Different from Previous Ones
Donald A. Murry
Economist, Guernsey Company (Oklahoma City, OK)
Professor Emeritus of Economics at University of Oklahoma.
Consulting Economist, Guernsey Company (Oklahoma City, OK) and
Professor of Economics, University of Central Oklahoma (Edmond, OK)
Over the last several decades, the general economic environment in which utilities operate seems to have changed significantly. Recently, the prolonged economic recovery in the United States, the various crises in the rest of the world including, for example, the European economic and financial crises and the slow-down in the Chinese economy have greatly influenced the U.S. economic landscape. How the utility regulators view the impact of economic uncertainty on the needed returns on common equities (ROE) of the utilities is an important issue in setting the ROE returns of the utilities. Our analysis of the allowed returns for electric and gas utilities in the U.S. for the period 1982-2012 clearly demonstrate an increasing perception of increased cyclical volatility in the recognized risk premiums in allowed ROEs. Significantly, we measured empirically a set of structural changes in the allowed risk premiums during this period.
The following articles describing local chapter activities were provided by the Bay Area (California), Louisville and National Capital Area Chapters of USAEE. All USAEE local chapter presidents are cordially invited to submit articles about their chapter's activities.
Conference Program Chair
Anchorage sits at the base of the Chugach Mountains.
USAEE / IAEE North American Conference; Captain Cook Hotel, Anchorage, Alaska: July 28-31, 2013
The theme of the conference is Industry Meets Government: Impact on Energy Use and Development.
July is approaching fast! Plan NOW to attend. May 31 is the deadline for discounted early registration.
C.-Y. Cynthia Lin
University of California at Davis
I am pleased to report that the USAEE Bay Area Chapter was recently formed in fall of 2012. Our chapter is led by our Vice President, Dr. Andrew J. Coleman (Electric Power Research Institute); our Treasurer, Les Deman (LDEC Consulting Co.); our Secretary, Karen Lang (PG&E), and myself, as President.
Volume 21 No 2 Announcements