Search Results for: John Rowe

USA Today Profile of Exelon CEO John Rowe – Pithy Examples of the "Bootleggers and Baptists" Alliance Working on Climate Change Legislation

ByRod Adams

…rly demonstrates how this particular alliance is working and the role that John Rowe is playing it it. Rowe is even clear about stating his selfish motives – he is most definitely in this for the money. This excerpt comes right after a description of why John Rowe should be happy as a very wealthy man who has the ear of the current administration. But ask Rowe whether Congress will pass legislation to cut carbon emissions of big polluters, such as…

Differences Between "Mr. Nuke" – John Rowe – and "Atomic Rod" Adams

ByRod Adams

…lots of electricity. Industry observer Some of the differences include: – Rowe is the highly paid head of a profitable public corporation; Rod is not – Rowe‘s public statements are consistent with his responsibility as the head of a major public corporation; Rod’s statements are his own – Rowe has the power to make $billion+ commitments to the industry (or not); Rod does not – Rowe has a fiduciary responsibility to Exelon shareholders to make dec…

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John Rowe wants everyone (else) to buy natural gas

ByRod Adams

…n’s Rowe an unlikely booster for shale gas. The headline writer was wrong; John Rowe is one of the most motivated natural gas salesmen in the United States right now. Though he will not receive any commission checks for his efforts, he stands to profit immensely if other people take his advice to buy and burn more natural gas. The profits will continue for a long time if his words help encourage other electrical power industry decision makers to i…

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John Rowe explains how Exelon’s self-interest is served by promoting natural gas

ByRod Adams

…. For people who understand business and economics, the AEI interview with John Rowe also provides evidence that Exelon has a clear motive to promote natural gas as THE fuel for new electricity generation capacity. Bean counters and model makers at Exelon know that the best way to increase natural gas prices is to build up demand faster than the supply can possibly expand. They should have had their first lesson on that topic during the first week…

Understanding antinuclear comments from John Rowe

ByRod Adams

…or those of you that are not as big of an energy industry groupie as I am, John Rowe is the CEO of Exelon, the owner and operator of the largest fleet of nuclear power plants in the United States.) To widen the market and to narrow the competition is always the interest of the dealers… The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never to be adopt…

Differing Perspectives on New Nuclear Power Driven Partially By Different Positions in Society

ByRod Adams

…sions even if not explicitly recognized. There is a key difference between John Rowe and me – his total compensation package for 2008 was more than 60 times larger than mine, yet my salary and benefits package puts me into the top 10% of households in the United States. The top earner and decision maker in organization that employs me (the Commander in Chief) has a compensation package that is slightly more than 4 times as large as mine. If John R…

Exelon CEO Thinks Electricity is Cheap and Clean Enough Already – Sees No Need to Encourage New Supply

ByRod Adams

…al gas rises, Zion will again look like a cheap way to produce power. John Rowe can proclaim that “market forces” are forcing him tear down Zion. Then when natural gas prices spike, it will be “market forces” driving up the price of electricity. He can then loudly proclaim his innocence as his wallet swells due to “market forces”, which he had nothing to do with, of course. JimHopf All I can surmise is that Rowe is getting impatient with the low p…

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Is Rowe right? Will natural gas remain cheap for 10-20 years?

ByRod Adams

…erably. I do not expect the narrowing to come from lower prices in Europe. John Rowe is a lawyer by training who has a fiduciary responsibility to maximize short term profits for his company’s shareholders. He is not a nuke. He is willing to destroy a 2200 MWe formerly licensed and fully completed nuclear plant in order to constrain the supply of electricity. He is also willing to allow the state of New Jersey to force another 620 MWe from the Oys…

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Unfriending Exelon – I take back all of the positive articles I have written about the company

ByRod Adams

…y. (99.9%-99.99%) In a way, it is good that Dad never saw what people like John Rowe and others have done to the natural monopoly electric power business; it would hurt him to see top level executives in that business who say things like the following: “We are constantly looking for ways to grow. But we are doing it in a way that’s hard headed and indeed, cold blooded,” (John) Rowe said.” (Emphasis added) (Source: Medill Reports February 4, 2009 a…

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Rowe states that merchant power generators cannot make long term investments

ByRod Adams

…will surely welcome these businesses with southern hospitality. Thank you John Rowe. Steve Skutnik @Rod – Most of your analysis is quite sound, but I feel like you make one error. You say Rowe should put his money where his mouth is and sell off existing nuclear plants to fund new gas plants. But this isn’t Rowe‘s claim; it’s a comparison of the enormous CAPITAL cost (plus cost of money) for new nuclear versus new gas NOW. Established nuclear obv…

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Markey is lying. The AP1000 design certification has been anything but “fast tracked”

ByRod Adams

…failures. Rod unfairly demeans some or our most respected leadership like John Rowe. Just keep in mind ‘your house’ runs on ‘our electricity’ and is made possible by people like Rod’s and my father literally fought to protect our rights to disagree. Joel Riddle Rod’s criticisms of Rowe make sense to me. I’m sure Rowe is a great manager and possibly even a great leader, but Rod has laid out (quite clearly, in my opinion) how Rowe‘s incentives are…

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Modest proposal to Chris Crane, CEO of Exelon

ByRod Adams

…ed because the original source seemed to have a typo.) In other words, Mr. Rowe had created a situation in which Exelon was a nearly pure play on merchant electricity generation under the assumption that a fuel source with a volatile, cycling history would continue rising in a linear fashion. His primary hedge was to hold onto Commonwealth Edison’s regulated distribution business. Mr. Rowe was taking credit for a major effort of operational improv…

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