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The Financial Director interview - The strategy switch.
(From Financial Director)
Byline: Tom Berry.
The power generation game is a volatile mixture of skill and chance.
A mild winter or a cool summer can make all the difference between your customers turning their heating or air conditioning on or off. And if power companies can't meet demand, they are forced to buy excess capacity from competitors at full market price. Combine the added pressures of regulation, environmental targets and enforced caps on return on investment and the line between creating shareholder value and destroying it is as thin as 13-amp fuse wire.
David Nish, finance director of FTSE-100 gas and electricity utility ...
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