Navigant and Public Utilities Fortnightly get the CFO perspective in a roundtable discussion with the largest southeast utilities
Navigant and Public Utilities Fortnightly (PUF) recently sat down with the chief financial officers of the three largest southeast utilities to capture their perspectives on what recent energy industry developments mean for the future of their companies.
PUF’s editor Steve Mitnick led the discussion, asking Duke Energy’s Steve Young, Southern Company’s Art Beattie, and Dominion’s Mark McGettrick for their opinions on utility aspirations, the customer focus, partnerships, infrastructure, and other pressing industry topics. Jan Vrins, leader of Navigant’s global Energy practice, also participated in the discussion by posing questions and sharing his perspective.
The discussion revealed that, for CFOs, overall strategy is just as important as the traditional number-crunching of a utility’s financial leader.
"Our industry’s been based on building generation plants," Young said during the roundtable discussion. "Now, we have to develop a different set of assets, the grid, and deal with our customers in a different fashion. I think it’s going to be a more customer-focused, more grid-oriented business than what we’ve traditionally seen in the past."
See what other insights the execs had to share in this transcribed version of the discussion, which appears in the July issue of PUF. Stay tuned for the second part of the discussion, which will publish in August.