[en] This article examines the controversy over how the US Environmental Protection Agency should determine what physical or operational changes to an electric utility steam generating unit trigger application of tighter air pollution control limitations. The topics discussed in the article include defining the triggers, market distortion, and high stakes in the outcome of this issue

[en] This article discusses the impact of environmental issues to the economics and design of independent power projects and to the market for pollution control equipment and services. The topics of the article include creative solutions, the price of compliance, ahead of the requirements, the national issues, and providing the added value of legal, financial, technical, and communications expertise

[en] Shockwaves were felt throughout the global business community when political forces in India stalled out the Dabhol power project. Lenders and investors felt even less secure about the risks involved with developing infrastructure projects in emerging economies, and Dabhol came to symbolize the sinkholes that lie in wait for even the best-devised projects with the strongest sponsors. The project resumed in early December, however, after the Bombay High Court dismissed the only remaining lawsuit filed against Dabhol Power Co. Now, the Dabhol project is set to become an example of how a project can succeed in a big way if it has developers with integrity, skill, flexibility, and--above all--a great deal of patience. Originally a 695 MW facility, Dabhol was renegotiated so the complex totals 2,450 MW, with one 740 MW phase and another 1,710 MW phase. open-quotes The additional capacity allowed us to recover the costs we incurred during cancellation,close quotes says Rebecca Mark, CEO of Enron Development Corp. in Houston, Texas. open-quotes We reduced rates for the second phase, and we'll handle it on a competitive basis when it comes to specifying equipment.close quotes Enron is the lead developer of the project, with an 80 percent equity stake. GE Capital of Stamford, Conn., USA, and Bechtel Enterprises of San Francisco, Calif., each hold a 10 percent share in the project. open-quotes The changes in the project have had little effect on the financing arrangements. Additional project costs which resulted from the delays were funded by the equity group, and the debt levels and terms remain consistent with those of the original closing,close quotes says Everett Smith III, executive vice president and director-international, for GE Capital Services Structured Finance Group

[en] As the House and Senate head to conference on the energy bill, the outlook for PUHCA reform and mandatory wholesale transmission access is excellent. During the opening months of 1991, the US Senate was debating the administration's proposal for a comprehensive national energy strategy. Reform of the Public Utilities Holding Company Act of 1935 (PUHCA) was a controversial issue in that debate. Independent energy producers and others strongly supported reform but investor-owned utilities were sharply split on the issue. The Senate refused to consider transmission access, and it was the one issue which had the potential to unite the investor-owned utility community in opposition to PUHCA reform. Now, as we approach the mid-point of 1992, the Senate and the House have passed energy bills and are headed to conference to work out their differences. There is no longer effective opposition to PUHCA reform, and although the Senate would still prefer to avoid the issue, transmission access appears likely to be included in the final energy package. Energy legislation will almost certainly be enacted before the November elections and was expected possibly as early as June. This article addresses transmission access, transmission policies, voluntary transmission, independent power producers influence, the retail wheeling juggernaut, and Public Utilities Holding Company Act reform

[en] This article examines the performance of the independent power industry during 1991. The topics discussed in the article include financial growth, market opportunities, the growth of demand-side management, the world market, clean air rules, Public Utility Holding Company Act revision, energy taxes, and technology trends including cogeneration, waste-to-energy, hydropower, windpower and solar

[en] This article addresses the effect of operations and maintenance on the long term success of an independent energy facility. The article is a compilation of eight independent power facilities executives' perspectives of the importance of operations and maintenance personnel input to the development of a power project and its impact on the reducing risk and increasing returns over the long term

[en] This is an insurance industry guide for the independent power industry. The directory includes the insurance company's name, address, telephone and FAX numbers and a description of the company's area of expertise, products and services, and limitations. The directory is international in scope. Some of the companies specialize in independent power projects

[en] This article addresses steps to take to improve the economics and risk profiles for independent power projects. The topics discussed in the article include the results of competition in the power industry, custom packages and the lack of competition among insurers in the power industry, mitigating risk through providing technical information, and developing programs

[en] This is a directory of companies providing products and services in the area of wind power. The subheadings of the directory include developers and owner operators, equipment manufacturers, measuring instruments and controls, consulting services, engineering and construction, operation and maintenance, project management, repair, and financial and legal services

[en] The Masspower project in Springfield, Mass., was built by a joint venture partnership of five separate companies. Independence Station in Oswego, NY., is a 1,000 MW facility that will wheel power 250 miles to Consolidated Edison's grid. The 1,500 MW Summit Pumped Storage Project in Norton, Ohio, is expected to be an exempt wholesale generator that will be leased by its owners to a group of utilities led by Ohio Edison. These are examples of the foundation-level changes the power industry is undergoing. Current trends such as globalization, consolidation, vertical disintegration and privatization reflect fundamental changes in the system by which electric power capacity is built, operated, distributed and managed. At the nexus of this change is an international shift toward competition in power markets. In the United States, new energy legislation is poised to enable a diverse group of players to bring new power capacity on line. Internationally, privatization and competitive market measures are opening up scores of countries to participation by private power development companies. One recent example is India, where the government is rewriting the rules to encourage private investment. The topics of this article include financing new projects, fuel issues, permitting and siting, the vendor/client relationship, project scenarios, incentive ratemaking, global markets, increased competition and responding to the marketplace. The article also includes a sidebar illustrating the types of financing, ownership and operations structures likely to be seen in future projects