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71,481 result(s) for "UTILITY COMPANIES"
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Qualitative assessment of a novel results-based partnership between national wastewater surveillance centers of excellence and utility companies, Houston (Texas), Colorado, Wisconsin, and California, 2023
Background The U.S. Centers for Disease Control and Prevention (CDC) initiated the National Wastewater Surveillance System (NWSS) in September 2020. Four initial Centers of Excellence (COEs) were established between 2021 and 2023 in Houston (Texas), Colorado, Wisconsin, and California to guide wastewater surveillance efforts for public health. Our objective was to increase understanding of factors that facilitated implementation of wastewater surveillance from the perspectives and experiences shared by health department COEs and wastewater utility partners. Methods We used purposive sampling to select one key respondents from each of the four COEs and four respective wastewater utility partners. We conducted eight in-depth interviews related to the implementation of wastewater surveillance and identified common experiences and key points from interview transcription files. Insights on WWS implementation from COEs and wastewater utility partners were distilled from the responses into lessons learned. Results Three primary themes emerged after we analyzed the interview responses: perceived community benefits from wastewater surveillance, collaboration and trust building among partners that helped program advancement, and sustainability strategies and considerations. Conclusion This analysis provides insights into novel collaborations between utility companies and the public health sector. It highlights the need to have leadership support for program continuation and to help showcase the public health importance of WWS.
Efficiency and Mergers and Acquisitions of Electric Utility Companies
Since the 1990s, market liberalization of the electricity industry has advanced all around the world. To survive in the drastically changing business environment, incumbent electric utility companies have conducted operational reforms, including Mergers and Acquisitions (M&As), to enhance and/or complement existing business capabilities. The purpose of this study was to measure the operational efficiencies of 31 of the world’s largest electric utility companies using data from 2010 to 2020 and examine regional differences in and the impacts of M&As on the efficiencies. For this purpose, we applied a new type of Data Envelopment Analysis (DEA) and Tobit model regression. We provide findings from the empirical analyses and discuss the business implications of M&As for electric utility companies. The operational efficiency measures were different among regions, but did not show statistically significant changes over the study period from 2010 to 2020. Furthermore, the results of regression analyses indicate that the increasing number of M&A buying transactions and M&A total transactions has a negative marginal impact on the operational efficiency or leads to a lower operational efficiency for utility companies. Since electricity utility companies have not received gains in operational efficiency from increasing the number of M&A transactions, they need to be more cautious about whether M&A transactions can provide value to the operation and technology management.
New methodology for grouping electric power consuming units to meet continuity indicators targets established by the Brazilian Regulatory Agency
The Brazilian electrical utility companies must meet continuity indicators for energy supply, which are represented by the indices of average interruption duration and frequency, according to targets established by the Brazilian Regulatory Agency for Electrical Energy (ANEEL). In a nationwide base, ANEEL has defined 30 clusters, each one having specific targets for Customer Average Duration Interruption Index and Customer Average Frequency Interruption Index; still, very frequently the utility distribution companies are financially penalised for not meeting these indicator targets. This study proposes a decision support system based on machine learning techniques so that the utility distribution companies can emulate the characteristics and procedures used by the ANEEL, and help in obtaining more adequate customer groups to evaluate the duration and frequency indicators. The proposed system was applied in a case study of a distribution utility whose supply area is located in the Brazilian Amazonia. The methodology proved to be adequate for seeking better customer grouping configurations that could result in a decrease in goal violations as well as providing more consistent goals, considering the specific characteristics of each distribution utility. Although this methodology was applied to a Brazilian scenario it also can be applied to other distribution utilities worldwide.
Optimal Price Based Demand Response of HVAC Systems in Commercial Buildings Considering Peak Load Reduction
Electric utility companies (EUCs) play an intermediary role of retailers between wholesale market and end-users, maximizing their profits. Retail pricing can be well deployed with the support of EUCs to promote demand response (DR) programs for heating, ventilating, and air-conditioning (HVAC) systems in commercial buildings. This paper proposes a pricing strategy to help EUCs and building operators achieve an optimal DR of price-elastic HVAC systems, considering peak load reduction. The proposed strategy is implemented by adopting a bi-level decision model. The nonlinear thermal response of an experimental building room is modeled using piecewise linear equations, which helps convert the bi-level model to the single-level model. The pricing strategy is implemented considering a time-of-use (TOU) pricing scheme, leading to low price volatility. Case studies are conducted for two types of load curves and the results demonstrate that the proposed strategy helps EUC promote the price-based DR of the commercial buildings for conventional load curves. However, EUC cannot reduce the peak load on duck curve caused by the large introduction of photovoltaic generators, even with price-sensitive HVAC systems in commercial building. This will be addressed in future studies by inducing DR participation of HVAC systems in residential buildings.
Founder CEOs and Utility Firms’ Financial Choices
Founder CEOs lead a significant number of public U.S. firms, and these firms often differ from other firms led by non-founder CEOs in terms of various important firm characteristics. In our paper, we investigate the financial choices of founder-CEO-led firms and non-founder-CEO firms in a utility industry setting within the context of the U.S. Our results show that founder CEO status has a significant positive influence on financial choices (cash holdings, investment ratio, equity ratio, and interest coverage) of utility companies. After addressing potential causality and performing additional robust measures, our findings still hold and suggest that CEO origin is important for explaining variation in financial choices of utility companies. Overall, our findings make a valuable contribution to the literature on utility firms, founder CEOs, and CEO characteristics by connecting them through an angle that is previously unexplored.
Rethinking Corporatization and Public Services in the Global South
After three decades of privatization and anti-state rhetoric, government ownership and public management are back in vogue. This book explores this rapidly growing trend towards 'corporatization' - public enterprises owned and operated by the state, with varying degrees of autonomy. If sometimes driven by neoliberal agendas, there exist examples of corporatization that could herald a brighter future for equity-oriented public services. Drawing on original case studies from Asia, Africa and Latin America, this book critically examines the histories, structures, ideologies and social impacts of corporatization in the water and electricity sectors, interrogating the extent to which it can move beyond commercial goals to deliver progressive public services. The first collection of its kind, Rethinking Corporatization and Public Services in the Global South offers rich empirical insight and theoretical depth into what has become one of the most important public policy shifts for essential services in the global South.
Uncovering the drivers of utility performance
This book provides insights into infrastructure sector performance by focusing on the links between key indicators for utilities, and changes in ownership, regulatory agency governance, and corporate governance, among other dimensions. By linking inputs and outputs over the last 15 years, the analysis is able to uncover key determinants that have impacted performance and address why the effects of such dimensions resulted in significant changes in the performance of infrastructure service provision.
Customer behaviour towards energy usage with time of use tariff: a systematic literature review
This paper reviews the customer behaviour in energy usage under Time of Use (ToU) pricing scheme using systematic literature review method. This paper is used to reveal customer characteristics in terms of the equipment used, the activities performed and how they shift their use of equipment from rush hour to unsaintly hour to save energy. This paper is used to help decision maker in an Indonesia state-owned electricity company namely PT PLN (Persero) to support the policy on determining electricity price using ToU scheme. This paper provide insight for utility companies to analise the customer behavior and find out the best pricing strategy that can help achieve their goal.
Local government and utility firms' debts
The global financial crisis has affected the Croatian local public sector. In such circumstances, local government units' debts and borrowing should be approached with caution. The highly interwoven financial operations of local government units and their utilities indicate the need for analysis of consolidated financial statements of local governments and utility companies in order to gain an insight into the real financial `health' of local units. Accordingly, the main aim of this paper is to analyze the size and the structure of the consolidated (local government and utility companies) local public debt in Croatia. Accordingly, the paper presents the financial position of local government units supplemented with information on the financial operations of utility companies, with particular emphasis on the size and structure of their liabilities and gross and net debt. Although the current Budget Law does not require formal preparation of consolidated financial statements by local governments and their utility firms, consolidation is stipulated by International Public Sector Accounting Standards (IPSAS). The application of IPSAS regulations would be helpful in determining overall direct and indirect exposure of local government units arising from the financial operations of their utilities.