Leonard S. Hyman is an economist and financial analyst specializing in the energy sector. He headed utility equity research at a major brokerage house and has provided advice on industry organization, regulation, privatization, risk management and finance to investment bankers, governments and private firms, including one effort to place nuclear fusion reactors on the moon. He is a Chartered Financial Analyst and author, co-author or editor of six books including America’s Electric Utilities: Past, Present and Future and Energy Risk Management: A Primer for the Utility Industry.
You can find Leonard Hyman's lastest book Electricity Acts on Amazon
William I. Tilles is a senior industry advisor and speaker on energy and finance. After starting his career at a bond rating agency, he turned to equities and headed utility equity research at two major brokerage houses and then became a portfolio manager investing in long/short global utility equities. For a time he ran the largest long/short utilities equity book in the world. Before going into finance, Mr. Tilles taught political science .
Last month, one of the largest and most significant electric utilities in the Midwest, American Electric Power (AEP), made a quiet announcement. We believe it…
We aren’t lawyers, but extortion sounds like a serious charge. NextEra Energy, parent of Florida Power and Light and owner of several nuclear power stations…
According to a poll taken late last year, 77 percent of respondents in the UK wanted to re-nationalize all of Britain’s energy utilities. In addition,…
Back in the heady days of Thatcherism, the British government sold just about all its commercial assets: the banks, steel company, airline, ports, and utilities.…
Dominion Energy, Virginia’s largest utility, announced a takeover of holding company SCANA. SCANA's principal operating subsidiary, South Carolina Electric & Gas, is the main privately…
Recently, William Clay “Bill” Ford Jr., executive chairman of Ford Motor Co., said China was “at the heart” of the electric vehicle and the “mobility”…
First by poison (Aliso Canyon), then by gas explosion (San Bruno), and now by fires (Northern California). This is no joke. There’s an almost biblical…
There’s a scene in that classic black and white boxing movie, Requiem for a Heavyweight. A hulking, groggy Anthony Quinn tries to stay on his…
In one particularly harrowing scene in the movie the Shawshank Redemption, Tim Robbins asks the brutish prison guard whether he trusts his wife. A question…
In his recent trip to Saudi Arabia, we have no doubt that US Energy Secretary Perry discussed that nations’ plans to embark on a 16…
What level of profit does a company need to attract financial capital? Intuitively, business people grasp the idea of tangible expenses such as salaries, rent,…
The UK’s ambitious program to build more nuclear generating stations will begin with the massive Hinkley Point units. Yet, in a recent paper, Prof. Steve…
Electric utility regulation is back… Bond rating agency Moody's just released a study reviewing regulation worldwide. The report begins with “Prudent regulation key to mitigating…
They say that bad news come in threes. The headlines one day this past week certainly gave credence to that notion—at least for the fossil…
General Electric Corp., as part of a turnaround plan announced November 13, halved its common stock dividend, from $.24 to $.12. per quarter, a fifty…
Early this year, British politicians upset by the UK's high electricity prices, commissioned a study, the Cost of Electricity Review. There is an irony here.…
A number of years ago, one of the smartest entrepreneurs in the electric industry (as evidenced by the timing of his sale of generating assets…
Japan’s Kobe Steel has joined a rather unfortunate "club". That club's membership includes those Japanese companies recently racked by scandal and mismanagement. Kobe's management admitted…
The socialist leader of Britain’s Labor Party, Jeremy Corbyn, wants to renationalize the nation's electric, gas and water utilities—the same utilities Prime Minister Thatcher sold…
In a Canute-like move, On September 29, the US Department of Energy sent a proposal to the Federal Energy Regulatory Commission (FERC) that would, if…