The Energy Industry Of The Electric Utilities Industry

Electric Utility Industry: The electric utility industry is formed by three segments: generation, transmission and distribution. Securities and Exchange

Duke Energy is a natural monopoly. So, they don’t have much competition. The prices that utilities charge consumers are regulated by the government, which is called the rate of return. A Rate of Return is a form of price setting regulation where governments determine the fair price which is allowed to be charged by a monopoly(Investopia). The government does this to stabilize the interests for consumers and the utility companies by making sure that rates are high enough to deliver dependable services to consumers and to offer a adequate return on capital for Duke Energy and it’s industry peers. Subsequently, the rates are not so high that the consumers can’t afford the prices and ends up being unlawful.

My individual seminar paper is written on EDF Energy. This is one of UK’s largest energy companies and its large producer of low carbon electricity. They generate around one fifth of the UK’s electricity. They supply electricity and gas to around 5.5 million residential and business customers, making them the biggest supplier of electricity by volume.

Energy Story, Hands-On Science with Squishy Circuits, and Conducting Solutions all have one important similarity: they all explain how electricity works!

Duke Energy manages its own IT infrastructure. Its IT department operates two data centers in the Carolinas. The FileNet project will depend upon the acquisition of new Windows Servers and utilization of an array of different IT functions within Duke Energy. The application will be residing in an existing internal network and be protected by internal security measures. The Duke's Telecom division will be responsible to configuring the Internal Protocol addresses, C and A names for the application. The Server Operation team will install the basic operation system and configure the standard global policy settings. Once the Telecom and Server Operation team have completed the build out of the environments, the Web Infrastructure Team will configure Virtual IP (VIP) address for the clustering of the FileNet application. After all these steps are completed, the application team, EDM, will complete the FileNet installation and configuration.

As one of the largest energy suppliers in North America and the current leader in transmission development, the American Electric Power Corporation is a major private sector corporation. Our primary mission is to produce clean energy with respect and efficiency for the customer and the environment while securing our critical assets and fulfilling the role of a secure and resilient energy sector representative.

In case study number one, a board member of The Energy Cooperative would like to call his own personal potential clients and be able to state, “I am calling as a director of The Energy Cooperative.” The following paper will analyze the ethical issues surrounding the use of such a statement from five different ethical theories. These particular theories come from Immanuel Kant, John Stuart Mill, John Locke, John Rawls, and Lawrence Kohlberg. Finally, there will be a solution that the board should take with the issue, ethical, or otherwise.

Consolidated Edison is one of the largest investor-owned energy companies in United States with over $120 billion in annual revenues and $40 billion in assets. The firm is located in New York and focuses their operations in electric, gas and steam activities. It is estimated that the company provides electricity to approximately 3.3 million costumers and offers gas services to other 1.1 million costumers in New York City and Winchester County. The business model of Con Edison, Inc is divided into three main areas. Con Edison Solutions sells electricity and offers energy-related services directly to costumers in the Northeast and Mid-Atlantic regions. Con Edison Development develops, constructs, owns and operates renewable energy projects across the U.S. At the end of 2014, the firm had 446 MW of solar and wind projects in operation. Lastly, the third area of Consolidated Edison provides support to the main area of business. Con Edison Energy focuses on generating electric energy, fuel and capacity for Con Edison Solutions. According to the firm’s website, “Con Edison’s strategy is to deliver reliable energy services and provide a stable foundation for supporting New York’s economy.” The company believes that their Integrated Long Range Plan along with their Sustainability Strategy will work together to add value to the stakeholders. John McAvoy, chairman and CEO of Consolidated Edison, Inc shares the view that the energy landscape is changing and Con Edison is committed in

Energy has been a huge problem in the past decade in the United States, primarily because of global warming and climate change. Clinton said, “I won’t let anyone take us backward, deny our economy the benefits of harnessing a clean energy future, or force our children to endure the catastrophe that would result from unchecked climate change.” Hillary Clinton has proposed two main national goals to fight climate change, create jobs, protect the health of American families, and make the United States of America the world’s clean energy superpower. The first goal that Secretary Clinton proposes is to have more than 500 million solar panels installed by the end of her first term- this will create good-paying jobs. This will also cut energy waste in homes, schools, and hospitals by a third, as well as reduce American oil consumption by a third- energy will be secured by reducing the amount of oil consumed in the United States and around the world. Her second goal is to provide enough clean renewable energy to power every single home in the United States within ten years of taking office.

The Energy Sector is one of the most critical infrastructure within the 16 critical infrastructures defined in Presidential Policy Directive 21 because it contains some of the most basic and essential infrastructure in the upkeep of the United States of America. The Energy Sector provides the basic requirement for all of the other 15 critical infrastructures to successfully operate. This does not mean that the Energy Sector is self-reliant. The Energy Sector depends on the United States’ “transportation, information technology, communications, finance, water, and government infrastructures” to successfully maintain and operates itself (U.S. Department of Homeland, n.d.-r).

Working in the top three energy companies in the United States, is one of the biggest dreams of mine. I decided to do research on Chevron to learn more about the pros and con of the successful corporation. I will first introduce the organization; how the company started. Then move on to the operations that make the company so profitable and the mission statement that tells us their goals. Once there is a solid background and base of the company, I will discuss the management system and the SWOT analysis of the company. After that, the salaries offered, promotions, bonus and benefits. Lastly I will analyze the values of the company and how they apply them or not to real life situations.

General Electric is one of the largest electrical firms in the U.S. and is listed as the fourth largest industry in the world. It operates through four main divisions: Energy, Technology Infrastructure, Capital Finance, and Consumer and Industrial. In the year 1876, Thomas Edison pioneered his own laboratory in New Jersey, where he created one of the greatest inventions during that time period. Edison created the first ever-incandescent electric lamp. Throughout the next ten to fifteen years Edison began selling these lamps, as well as, his other electric lighting devices, which eventually led him to develop his own company called the Edison General Electric Company. By 1892, the Edison General Electric company and one of its competitors the Thomson-Houston company merged to create a new organization, which they solely called the General Electric Company. The company has developed in a large amount of ways throughout the last 100 years and has created many valuable inventions that we use today. For example, in 1971 the first portable air conditioner was created that we use today in many of our rooms. Also, in the last 15-20 years the company has had many medical inventions, such as scanners for doctors to capture pictures of inside their patient’s bodies. Inventions such as washing machines, stoves, ovens, and heaters were all created and are sold by General Electric, which we all buy and use today.

Secondly, Ontario’s electricity is over supplied the power than the residents consume, even though Ontarian’s demand is decreasing. Actually, the government is locked into contracts to purchase that power regardless. It sells off the excess to the U.S., at rates below the cost of production. The long term contract and selling to the U.S. are the cause of setting higher electricity bills. Finally, hydro worker is well paid. In 2014, Ontario Power Generation workers had 4,279 employees, with salaries totalling 550 million dollars.  It is because of a long term contract which called twenty-year contract when they built new power plants. The contracts essentially guaranteed that the companies would receive a certain amount of revenue. The auditor general flagged in 2013 that generous salaries, pensions and benefits at Ontario Power Generation were partly to blame for rising hydro prices(Morrow and Cardoso, 2017). Because of decisions by the government, the cost of electricity has been skyrocketing.

The main goal of DTL Power’s cybersecurity strategy is maintaining data integrity and availability of resources while ensuring that all systems and facilities exceed the industry standards. This strategy is critically important due to the nature of the power industry and the services it provides. The implementation of the controls falls in line with the cybersecurity strategy designated by leadership. The hacktivist and virus attack were able to successfully penetrate our system causing downtime and affecting system integrity. Cyberattacks are becoming more frequent and evasive therefore it is imperative that strong security measures be enforced to not only secure network resources but to prevent unauthorized access.

However, for example of the 3423 utility workers in the state of North Dakota, 761 workers are 55 years of age or older this represents 22% of the workforce. The increased demand for clean and efficient energy sources only aggravates the problem. This leaves the nation’s utilities with a major and immediate obstacle. There is also an incredible lack of qualified replacement workers, and this shortage will be seen across all sectors of the energy industry to include electric, hydro, wind, nuclear, fossil, and gas. In order to gain or keep a competitive advantage the energy industry must tackle the shortage by developing a plan to address succession, talent management, and education. The future of the energy industry, with all the new Federal Energy Regulation Commission (FERC) regulations and the deregulation of natural gas and electricity has opened up the industry to competition. Thereby, creating jobs that are original, innovative and directly creating skilled and highly paying jobs. The US Energy Information Administration (EIA) has predicted an increase in the energy industry growth (2013). That growth will produce more jobs, however, the number of skilled professionals joining the field of energy has not increased. There has been secession because the baby boomers are retiring. This shift reflects two trends: In the future energy companies will be looking to expand their workforce at a time when the number of employable people