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Industry News 2002 P4



Better risk management helps energy companies avoid trouble, report states
The US power market is in chaos, with many companies enmeshed in legal wrangles and bankruptcy proceedings. Have any survived the past year of turmoil relatively unscathed? Yes, says energy expert Shirley S. Savage. "What's their secret? It's called risk management."

UBS online trading system halted
UBS Warburg Energy on Tuesday halted trading at its online energy trading site, formerly known as EnronOnline, and told 380 employees that most of them will no longer have jobs in 60 days.

Study to examine impact of U.S. electric industry's regulatory and market changes on renewable energy
Navigant Consulting Inc. is launching a study to look at renewable energy and the impact of U.S. electric industry regulatory and market changes renewable energy technologies and markets.

Energy secretary points to government/industry partnerships to solve transmission bottlenecks
Secretary of Energy Spencer Abraham on Monday praised a government-industry partnership that could one day more than double the amount of electricity carried on our nation's high-voltage power lines.

Survey of senior US electricity industry management reveals era of conservatism
A comprehensive survey of top US electricity industry senior management confirms a focus on stability and building credibility with Wall Street and shareholders.

EIA expects 2.8 percent growth in electricity demand for 2002
The Energy Information Administration (EIA) is expecting 2.8 percent growth in demand for total electricity over the year 2002.

Programmable Automation Controller represents new class of systems
The PLC is very much alive and well, with a long life ahead. However, this industrial workhorse has morphed in numerous ways to expand its appeal.

American Coal Council announces new president
The American Coal Council announced that Andy Blumenfeld, Arch Coal, Inc., will assume the Presidency of the Association on January 1st, 2003.

Prospective growth in end-user applications will rejuvenate the world power transistor markets
Potential growth of many end-user application markets such as next-generation wireless communications, consumer and automotive electronics, as well as computer applications, are expected to boost the power transistor markets.

POWER-GEN International keeping an eye on the future
Power Engineering Associate Editor Steve Blankinship provides an update of events to happen at the POWER-GEN International 2002 conference & exhibition Dec. 10-12 in Orlando, Fla.

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