Your Business

 

 

Articles in this section are intended to help electrical contractors grow and improve their businesses, from financial and legal advice to creating a service and maintenance department. You’ll find articles on estimating projects and more below. 

While renewable power and efficiency are top-tier priorities for utilities in this age of energy innovation, insufficient infrastructure and power outages are an equally important concern. California utility PG&E has met this need with an innovative technology.

According to a 2016 survey conducted by the National Electrical Manufacturers Association (NEMA), facility managers in New York City who benchmark the energy use of their buildings are also more likely to invest in energy-saving technologies.

According to research from the Cockrell School of Engineering at the University of Texas, Austin, homes with solar panels do not require on-site storage to reap the economic and environmental benefits of solar energy.

In a time when competition and pricing pressure affect the electrical industry, it’s especially important to maintain and build your business by taking care of current customers.

More on Your Business

 
Embattled Transmission Project Survives Legal challenges in Rural Tennessee

A federal judge in Nashville has declined to hold up a transmission project by the Tennessee Valley Authority (TVA). His ruling ended a long-running battle between the utility and local residents, allowing the so-called Algood Transmission Line to be completed.


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A Rose by Any Other Name

It's amazing that searching the Shakespearean quote “A rose by any other name...” on the Internet can elicit such a wide range of subjects relating to it, from “white Merlot” to “hazards of cell phones on humans” to “juvenile justice Swedish style.” So adding one more relating to power quality to t


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Six Steps to Success

Regardless of the economy's health or electrical contractors’ profit margins, lost assets must be replaced. There are several ways to obtain asset financing, such as incurring more debt in the form of loans or issuing shares of stock to raise capital from investors.


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An Educated Guess

Conceptual estimating is one of the oldest forms of project quality control and preproject planning. Today, a majority of the conceptual elements are now being performed by technology as opposed to human creativity and inspiration.


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FERC Examines Causes of and Responses to Rising Electricity Costs

According to the Federal Energy Regulatory Commission (FERC), higher fuel prices, increased capital costs and continued uncertainty about climate policy are helping raise the costs of electricity faced by consumers across the country.


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Documenting Changes

In October 2007, the American Institute of Architects (AIA) released revisions to its Contract Documents templates. The AIA previously updated the documents in 1997. You should be aware of five areas of significant changes made to A201—General Conditions of the Contract for Construction.


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Weather Wise

Unlike most commodities, electricity typically must be consumed when it is produced, so saving it up for a rainy—or exceptionally hot—day usually isn’t an option.


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