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SRP Picks Mark Bonsall as New GM
Salt River Project picks Mark Bonsall as new GM

by Ryan Randazzo/The Arizona Republicmarkbonsall

The SRP board of directors voted unanimously Tuesday to offer the position to Mark Bonsall, 58, who has worked for the utility since 1977 and currently serves as chief financial executive and associate general manager of commercial and customer services.

Bonsall will replace Richard Silverman, who said in February that he would retire in August after 45 years with the project. Silverman will help transition Bonsall into the role.

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Palo Verde Nuclear Plant Licenses Extended

pvpowerplant

After a two-year review, the U.S. Nuclear Regulatory Commission has extended the operating licenses of the Palo Verde Nuclear Generating Station, Arizona Public Service Co. said.

The licenses for all three Palo Verde generating units will be extended 20 years beyond their original 40-year length, allowing Unit 1 to operate through 2045, Unit 2 to run through 2046 and Unit 3 to operate through 2047.
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APS Snares Energy-Efficiency Award from EPA

by Ryan Randazzo, The Arizona Republic

Arizona Public Service Co. has been honored by the Environmental Protection Agency for its energy efficiency efforts.

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Solar Firms Want More from SRP

Phoenix Business Journal


Salt River Project is looking at expanding its renewable energy and conservation standards to 20 percent or more by 2020, but solar businesses say it’s not enough.  SRP has been meeting with stakeholders over the past few weeks to hash out plans for a new renewable plan heading into the next eight to 10 years.

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Japan Nuclear Crisis: What Is a Full Meltdown?
Josh Dzieza, The Daily Beast

NEW YORK – As Japan races to prevent a nuclear catastrophe, Josh Dzieza asks MIT's Ron Ballinger and Columbia’s David Brenner about partial and full meltdowns, hydrogen blasts, and windblown radiation. Plus, full coverage of Japan’s crisis.

Japan is on the brink of a nuclear disaster in the wake of its devastating earthquake and tsunami, with a third explosion at the Fukushima Daiichi nuclear power station damaging the steel containment structure of one reactor, and a fire at another spewing radioactive material into the air. Before the latest explosion and fire, as workers raced to stay ahead of a full meltdown, The Daily Beast spoke with Ron Ballinger, professor of nuclear science and engineering at MIT, and David Brenner, director of the Columbia University Center for Radiological Research, about the difference between partial and full meltdowns, hydrogen blasts, and windblown radiation.

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Senators Back New Bank to Finance Infrastructure

from The New York Times

WASHINGTON (AP) — A bipartisan group of senators, joined by both business and labor leaders, on Tuesday backed the creation of a government-owned but independent infrastructure bank to help the nation deal with its daunting shortfall in spending on transportation, energy and water projects.   Sen. John Kerry, D-Mass., said the bank could generate as much as $640 billion in its first 10 years to "help bridge the infrastructure deficit that has been plaguing our nation for decades."

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Arizona OKs Century Link, Qwest Merger
The Denver Post

Arizona regulators on Tuesday approved the pending merger between Denver-based Qwest and Century Link, reducing to three the number of states that still need to sign off on the deal.

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UniSource Energy/TEP Posts Higher Profits in 2010 Despite Economic Slump

By David Wichner, Arizona Daily Star

teplogounslogo

Tucson-based UniSource Energy Corp. today reported higher profits for the fourth quarter and all of 2010, despite slack energy demand.  But if demand doesn’t pick up, higher costs could put pressure on earnings this year, the parent of Tucson Electric Power Co. said.

UniSource reported fourth-quarter net income of $11.1 million, or 29 cents per share, compared with earnings of $10.4 million, or 28 cents per share, in fourth-quarter 2009. Analysts had expected quarterly earnings of 28 cents per share, on average.

For all of 2010, the company posted net income of $111.5 million, or $2.82 per share, compared with $104.3 million, or $2.69 per share, in 2009.

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Salt River Project GM Richard Silverman Stepping Down
Salt River Project GM Richard Silverman stepping down
Phoenix Business Journal - by Patrick O'Grady
silverman_dick
Salt River Project General Manager Richard Silverman will step down from his position in August, bringing to an end his 45-year career with the utility.  Silverman, 70, who has been general manager since 1994, told the SRP board his decision at a meeting Monday. He cited the growing economy and SRP’s status in terms of water and power resources as reasons to step down now. “The reservoirs are full and our work force is well prepared for the challenges ahead,” Silverman said in a statement. “With a slow but sure economic recovery expected, I believe it’s an appropriate time to start transitioning to a new management team.”
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Palo Verde Plant Tour Gallery
 
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