EnergyBiz - January/February 2008 - (Page 32) LeaDeRshIP RoUnDtaBLes Ready for Unprecedented Challenge cFOs TAKING CARE OF BUSINESS STORY AND PHOTOGRAPHS BY MARTIN ROSENBERG Utilities are gearing up to spend upward of $400 billion on new electricity generation in the next 25 years. Capital expenditures industrywide have recently been growing at about 25 percent annually. Given such gargantuan financial appetites, it is easy to see the commanding importance of the assignment of chief financial officer. ¶ EnergyBiz recently assembled a diverse panel of CFOs to get their reactions to recent industry trends, as well as their insights into likely future developments. Their comments, edited for style and length, follow. Joseph Rigby Eliot Protsch Jim Piro 32 E n E rgyB i z January/February 2008
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