Energy Technologies Will Make the Difference

Authors

  • Leonard S. Hyman Senior Industry Advisor Salomon Smith Barney

DOI:

https://doi.org/10.13052/dgaej2156-3306.1550

Abstract

I am not an
engineer. I studied
economics. But I
have spent a lot of
time with scien-
tists, engineers
and venture capi-
talists. First, I be-
lieve that techno-
logical change
brought about the
revolution in the
electricity market
just as surely as it
brought about the
industrial revolu-
tion. Electricity is not a low-tech industry. It is a high tech industry with
a low-tech managerial mindset. Technological change will play an im-
portant role in the rest of the electric revolution, too.
Second, the electricity revolution is closer to the beginning than
the end of the process. Technology will power the process. And the
companies that understand and control the new technologies will win
the race.
Third, what happened in other deregulated businesses will hap-
pen in electricity. The laws of physics will not protect the electricity
business from revolution. Electricity is not different.

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Author Biography

Leonard S. Hyman, Senior Industry Advisor Salomon Smith Barney

Leonard S. Hyman, CFA, is a senior industry advisor to Salomon
Smith Barney. Previously he was managing director of Fulcrum Interna-
tional Ltd., as well as an independent consultant specializing in the eco-
nomics and finances of energy and telecommunications utilities.
From 1978 to 1994, as head of the Utility Research Group and first
vice president at Merrill Lynch, he supervised and maintained equity
research on foreign and domestic energy and telecommunication utili-
ties. He was a member of privatization teams for offerings of British,
Spanish, Mexican, Argentine and Brazilian utilities and consultant for
other restructuring studies. Prior to joining Merrill Lynch, he was a part-
ner at a New York Stock Exchange member firm and an officer at Chase
Manhattan Bank.
Author of America’s Electric Utilities: Past, Present and Future, author
of The New Telecommunications Industry: Evolution and Organization and
editor of The Privatization of Public Utilities , he has contributed to other
books and to professional journals.
For more than a decade, Mr. Hyman was cited by Institutional In-
vestor as one of the leading research analysts in his field. He is a Char-
tered Financial Analyst (CFA). He holds a BA from New York University,
where he was elected to Phi Beta Kappa, and an MA in economics from
Cornell University, where he majored in industrial organization and
minored in Latin American studies.
Salomon Smith Barney, Inc., 388 Greenwich St., New York, NY 10013;
212-816-8508.

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Published

2000-10-15

How to Cite

Hyman, L. S. . (2000). Energy Technologies Will Make the Difference. Distributed Generation &Amp; Alternative Energy Journal, 15(4), 63–73. https://doi.org/10.13052/dgaej2156-3306.1550

Issue

2000: Vol 15 Iss 4

Section

Articles