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Strategy & Planning

Perspective: Leave Green-Power Quotas to the States

Congress should not impose a federal renewable portfolio standard.

The adoption of an RPS by more than a dozen states has inspired and contributed to proposals for a federal green-power quota. Leave the green-power quotas to the states. PURPA should be amended to include an RPS among the retail policies that can be adopted or rejected by state public service commissions.
Byline: 

James W. Moeller

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Acceding to Succeed

How joining the EU may transform the Central and Eastern European electricity sectors

An assessment of how EU accession countries are doing in meeting the union’s energy directives, liberalizing their markets, and overcoming obstacles for private investors.
Byline: 

Bridgett Neely and A.J. Goulding

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Of Blackouts and Lawsuits

Class-action claims for widespread utility service interruptions are a growing trend.

What legal exposure does a utility face as a result of losses caused by a blackout? Is that exposure limited to individual claims by disgruntled customers, or can it be litigated as a class action?
Byline: 

Gavin J. Rooney and Nicole Bearce Albano

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ROE: The Gorilla Is Still at the Door

Incentive regulation is not a cure-all for the continuing controversy over return on equity.

Incentive regulation can provide benefits both to utility shareholders and customers by encouraging greater efficiency. But even if incentive regulation supplants traditional COS regulation, regulators and utilities still will need to confront the same basic ROE questions that have vexed both for many years. Because the base ROE under incentive regulation will be an integral part of the incentive structure itself, it ought not to be done as an afterthought. The approach described here is one way to address this important issue.
Byline: 

Jonathan A. Lesser

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Western Power Markets: Ready for A Wild Ride

IOUs take action, but other overriding forces will affect prices in the near term.

The new capacity brought on line in 2003 and 2004 likely will not drive down market prices but may well provide a measure of reliability to the market, possibly counteracting some of the usual price volatility seen in low hydro years. This is good news for the wholesale power business, and it signals that the industry is beginning to claw its way back from the near-death experience of the past few years.
Byline: 

Gary L. Hunt and Jon Ecker

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Letters To The Editor

ISO/RTO

I believe the primary measure of successful “deregulation” is a minimization of the delivered cost of power to end users, at an acceptable level of reliability. To help achieve that, I suggest the following actions should be taken nationwide on a timely and consistent basis.
Byline: 

Richard P. Felak

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Lost in Translation

Critics say FERC's filed rate doctrine is wrong for the times.

It’s quite remarkable how the Federal Energy Regulatory Commission (FERC) has been able to pound a square peg into a round hole. With not much more than a wink and a smile, FERC has taken a depression-era law meant for monopolies — the Federal Power Act — and has made it serve double duty as a foundation for competitive power markets. Yet FERC’s reinterpretation, for all its good intentions, may prove inadequate in the long run to define and support full-fledged energy markets.
Byline: 

Richard Stavros

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Preparing for a Nuclear Exchange

Three ways to value nuclear power plants for buyers and sellers.

Appraisers don’t make the market — they reflect it — using three approaches to help buyers and sellers of nuclear assets determine plant value.
Byline: 

Michael J. Remsha, P.E., ASA, CMI

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FERC's GulfTerra Orders: Changes in the Pipeline

A new FERC decision veers away from congressional intent not to burden intrastate pipelines with interstate policies.

Two recent orders in a GulfTerra Texas Pipeline LP rate case make new precedent for Natural Gas Policy Act intrastate pipelines providing interstate transportation.
Byline: 

J. Michel Marcoux

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