Globalizing core business strategies for U.S. utilities
- Weidenbach & Associates, Inc., Atlanta, GA (United States)
Good afternoon. I am honored to be here today and consider it a privilege to be a part of such a forum. I`d like to talk about changes that have taken place in the U.S. electric utility industry--changes that have helped promote the evolution of the independent power industry. My talk today will involve a brief history of the U.S. electric generating industry, addressing legislation and issues that affect the emerging independent power industry. Just a few years ago, electric utilities in the U.S. were experiencing very fast growth building many new, large, state-of-the-art generating plants. Issues such as the oil embargo, regulation and public opinion made it necessary for many of these companies to move predominately to coal-fired plants while completing their nuclear programs. In additions to developing the proven, reliable and efficient operating skills for these plants, this was also a period of building strong financial posture for these companies adding to their credentials. The lower growth rate that prevails today for U.S. utilities is allowing new strength to be developed in areas such as Demand Side Management and Integrated Resource Planning. These skills have also prepared U.S. companies to expand their market opportunities. Recent regulatory changes now allow these companies to expand their core business strengths to market in the non-regulated arena both domestically and internationally. Privatization of existing facilities have offered almost instant equity an operational opportunities for these companies both at home and throughout the world. Now that major growth is in other areas-particularly in Asia, U.S. companies are quite interested in bringing their skills and capabilities to bear in these fast growing areas of opportunity. This proven experience, exceptional financial strength and entrepreneurial spirit make these companies great partnership opportunities for existing and future generating facilities.
- Research Organization:
- USDOE, Washington, DC (United States); Korea Electric Power Corp. (KEPCO), Seoul (Korea, Republic of)
- OSTI ID:
- 81465
- Report Number(s):
- CONF-941089--Vol.2; ON: DE95011613
- Country of Publication:
- United States
- Language:
- English
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