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PE Volume 102 Issue 1

Global Power Markets

of market economies in Asia and other developing nations. Electric power generation and delivery are key infrastructure industries necessary for the development of a modern economy. About 40 percent of the world`s population does not have access to electricity, but now expect it. Growth in electric consumption in these countries is rapid.

IPP Growth Measured

The international independent power market has grown to more than 2,800 active projects and 1,034 GW, according to Hagler Bailly`s recently issued "Profile Update: Global Independent Power Market: Status and Trends." Project announcements have increased more than seventeen-fold and the number of players has quadrupled since 1991, according to the report.

Call for Papers

The management of Latin America Power `98 and EIME `98 has issued a call for papers for the upcoming conference, scheduled June 23-26, 1998 in Buenos Aires, Argentina. Authors are invited to submit a 300 to 400 word abstract for review by Feb. 16, 1998. Papers are solicited regarding business developments in Latin America, technology trends, plant operations and upgrading, pricing systems, the business of generation, functions of transport, and distribution regulations and rates. More informatio

Siemens Buys Westinghouse Generation Unit

Siemens recently announced a binding agreement to purchase Westinghouse Electric Corp.`s Power Generation Business Unit for $1.53 billion. The agreement is pending government approval in the U.S. and Europe. Spokesmen for both firms state that everything is "business as usual" until necessary regulatory approvals are received.

SCE Sells 10 Plants

Southern California Edison sold 10 of its gas-fired generating plants with a combined capacity of 7,532 MW for a total price of $1.115 billion. The plants were sold through an auction process. The plants were sold at 2.65 times their book value of $421 million. Buyers are:

Greenhouse Emissions Escalate in 1996

Emissions of carbon dioxide increased by 3.5 percent in 1996 compared with 1995, to almost 1.5 billion metric tons, according to a recent Energy Information Administration (EIA) report. Emissions of the principal greenhouse gases as a group (CO2, methane, NOx, and certain other gases) increased by 3.4 percent, to a total of 1.75 billion metric tons of carbon equivalent. U.S. national emissions in 1996 were 8.3 percent, or 135 million metric tons of carbon equivalent, higher than in 1990.

Fuel Cells For The Masses

A recent fuel cell success story has hit the mass media in a whirlwind--fuel cells that run on gasoline, courtesy of the Department of Energy (DOE) and Arthur D. Little. These cells would allow electric vehicle (EV) users to utilize the existing fuel infrastructure, eliminating a big hurdle in the EV race. They would also eliminate the "battery" dilemma. No more long recharging times, expensive charging infrastructure or distance worries. It is truly a public relations coup for DOE and Little. C

Business Briefs

Engage Energy US, L.P. and HEC Inc. have entered a strategic alliance to provide customized energy solutions throughout North America.


In the relentless pursuit to "get on the web," many electric companies may have temporarily overlooked the question of what they hope to accomplish once they establish a presence on the Internet. Will their web site be an eye-catching promotional tool to attract investors and give their customers a warm-and-fuzzy feeling? Will it function as an informational tool to educate customers on energy-saving issues and safety matters? Or will it serve as an interactive mechanism where business is conduc

Top Nuclear Sites Ranked

U.S. nuclear power plants continued to improve in 1996 as industry-wide production costs fell 1.6 percent to $18.92 per net MWh, according to statistics from the Utility Data Institute (UDI). Industry-wide output was unchanged at 674 million MWh. Total production expenditures, including fuel, were $12.7 billion.


Industry News