The U.S. power generation industry is changing at warp speed, via regulatory changes, consolidation, mergers, and sales of assets at yard-sale prices. New players have entered the market and become major players overnight, while several mainstays have gone bankrupt. Though many of the latter blamed high gas prices for their woes, well-diversified merchants enjoyed a record year. Whatever changes are in store for the business of combined-cycle generation, you can be sure that innovations in plant design and O&M such as those described in this special section will keep pace with them.