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Illustration By: Lisa Wharton, EXECUTIVE SUITE MUSICAL CHAIRS page 30.<br />

Volume 2 Issue 2 March/April 2005<br />

Departments<br />

7 OUR TAKE – Lessons from the Land of Oz<br />

20<br />

8 ENERGY BUSINESS – Independent Power Awaits Rebound<br />

9 n The View from Calpine’s Cartwright<br />

n Russian Power Opportunity<br />

10 n To Diversify — Or Not<br />

12 LEGAL EAGLE – Sempra Challenged, Stakes High<br />

14 n GUEST OPINION — Duane L. Richards, Coal Captives<br />

39 Guide/Sourcebook — Billing & Customer Care<br />

70 TECHNOLOGY FRONTIER<br />

n GUEST OPINION — Marilyn Kray, Get Nuclear<br />

73 n GUEST OPINION — Annette von Jouanne,<br />

The Promise of Wave Power<br />

76 METRICS – Utilities Line up for Rate Increases<br />

77 n Stocks, Energy Production, Renewables<br />

78 INTRODUCING – David Ratcliffe, the<br />

Biologist at Southern’s Helm<br />

Features<br />

M&A TAKE OFF<br />

16<br />

n The energy industry is buzzing with M&A talk.<br />

Executives are updating their strategies. Kenneth Marks,<br />

a leading M&A adviser, talks about what is driving the<br />

trend and where mergers are headed.<br />

n The energy industry sizes up the future of M&A. A look<br />

at who the players are and the factors now driving deals.<br />

DEALING WITH GREENHOUSE GAS<br />

Some energy companies get proactive about dealing<br />

with the causes of global warming. Cinergy believes its<br />

early investments will prove wise.<br />

EXECUTIVE SUITE MUSICAL CHAIRS<br />

Utilities in just a few years have brought on a large number of<br />

new executives. They have different backgrounds and skills.<br />

And they will shape the energy business for years to come.<br />

24<br />

30<br />

82 FINAL TAKE – Valero Energy — A Winning Workplace<br />

SUPPLEMENT<br />

A View of Recurring Payments<br />

59<br />

www.energycentral.com ENERGYBIZ MAGAZINE 5

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