The electric industry's most referenced title for more than twenty years… now in its 8th edition. In this new edition, renowned author and industry analyst, Leonard Hyman, explains the basics and provided valuable insights into the future of the electric market. Get a clear and concise review of industry fundamentals including: accounting, engineering, economics, finance, law, operations, and risk management. Up-to-date statistics on: Rate of Return, Operations and Sales, Ownership Trends, Market Restructuring and much more.

America's Electric Utilities: Past, Present And Future

Engineering & Transportation

Leonard S. Hyman

Andrew S. Hyman

Robert C. Hyman

Engineering

Public Utilities Reports

This book presents a clear, concise introduction to the basics of risk assessment, from identification to evaluation to management of risk. This book addresses the needs of managers and boards, giving readers an understanding of the risks energy companies and utilities face, and how to manage those risks. Energy Risk Management includes an extensive glossary of 100+ pages in which key terms and phrases used in energy trading and securities transactions are defined and cross-notated, an invaluable reference source unto itself.Topics covered include: The Need for Risk Management, Core Risks, Risks Within the Business, and Regulation & the Government.TABLE OF CONTENTSForeword xiiiPreface xvIntroduction xviiNEED FOR RISK MANAGEMENTChapter 1: Utilities and Energy Companies Need Risk Management 1THE BASICSChapter 2: Dealing with Risk: Terminology and Techniques 7Chapter 3: Common Risks and Misconceptions 17Chapter 4: Risk Management Starts at the Top 21Chapter 5: Shifting Risk with Derivatives: The Building Blocks 27Chapter 6: Basis 51CORE RISKSChapter 7: Energy Price Risk 65Chapter 8: Weather Risk 87OTHER MARKET RISKSChapter 9: Foreign Exchange 115Chapter 10: Interest Rates 127Chapter 11: Equity Risk 143Chapter 12: Credit Risk 155Chapter 13: Advantages and Disadvantages of Various Trading Venues 177RISKS WITHIN THE BUSINESSChapter 14: Operational Risk 185Chapter 15: Fraud 195REGULATION AND GOVERNMENTChapter 16: Regulation and Government 249Chapter 17: Regulatory Risk 257EXPERIMENTAL ECONOMICSChapter 18: Improving Energy Risk Management with Experimental Economics 267APPENDICES:Appendix A: Important Contracts 279Appendix B: Common Risk Terminology and Important Measures 289Appendix C: Glossary 299 

Energy Risk Management: A Primer for the Utility Industry

Business & Money

Michael J. Denton

Bradford G. Leach

Gary A. Walter

Management & Leadership

In the 1990s, the British government turned its whole electricity system upside down and inside out, privatizing and deregulating the utilities. The British model spread worldwide even to America. How did the British industry get into a state that required a revolution, and what did this revolution really accomplish? The electricity revolution in Britain created millions of winners and losers consumers, coal miners, nuclear operators, investors, executives and politicians and the same process is ongoing in the United States. To be on the winning side, read Electricity Acts to learn how to survive and even thrive. Who benefits from reading this book?
<ul>
<li>Utility executives who have to navigate a new regulatory and financial framework </li>
<li> Regulators and policy makers seeking to avoid the mistakes made in the United Kingdom </li>
<li> Consumer advocates who want the average electricity user to come out ahead </li>
<li> Policy makers seeking ways to assure reliability when the market does not </li>
<li>Investment bankers looking for deals </li>
<li> Private equity and infrastructure investors on the prowl for acquisitions </li>
<li> Lenders assessing credit risk in an evolving industry </li>
<li> Investors who want to avoid risks and maximize returns </li>
<li> Nuclear and renewable promoters looking for support in a new market</li>
</ul>

Electricity Acts

Reference

America's Electric Utilities : Past Present and Future

Complete coverage of the water supply and wastewater industry as a business, this primer explains how the industry operates, how it developed, the political and economic issues that shape its progress, and the regulatory system, as well. This thorough explanation of the financial structure of the water industry in a form comprehensible to non-accountants will be a benefit to supervisory employees, regulators, buyers investors and academics. Chapters include: Water Basics, Operations, Development and Structure of the Industry, Regulation and Economics, Financial Structure, International Issues, and valuable Appendices.

The Water Business: Understanding the Water Supply and Wastewater Industry

Politics & Social Sciences

Social Sciences

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Books by Leonard S. Hyman