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Fortnightly Magazine - April 2006

Deregulation for Real

High power bills, with the lifting of rate freezes, give pause to politicians.

The Baltimore Sun recently carried a very poignant letter from one of its local readers— a letter that utility executives might well take to heart. Appearing under the title, “Energy Advice Cruel to Poorer Readers,” the letter took offense at an article that trivialized the effect of the huge increase in local electric bills (35 to 72 percent) expected this July with the lifting of a long-standing retail rate freeze.

Byline: 
By Richard Stavros, Executive Editor
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People

New Opportunities: Southern Nuclear Operating Co. announced that its board of directors elected Joseph (Buzz) Miller as senior vice president of nuclear development. Miller is currently the vice president of government relations for Southern Co.

Byline: 
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Letters to the Editor

To the Editor:

In “Rate-Base Cleansings: Rolling Over Ratepayers” (November 2005, p.58), Michael Majoros urges state public utility commissions to recognize a refundable regulatory liability for past charges to ratepayers for non-legal asset retirement costs.

Byline: 
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Getting IRP Right

Quantifying uncertainty in the planning process.

During the 1980s and early 1990s, integrated resource planning (IRP) was a required practice for many utilities. Then competitive wholesale markets, merchant generation, and restructuring initiatives led many utilities to abandon IRP.

While wholesale competition generally has been successful, the regulatory process changes it brought were less so. And utilities now are getting back into long-term resource planning studies to provide decision support for their “back to basics” business strategies.

Byline: 
By Mark Griffith and Fereidoon P. Sioshansi
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What's Holding Back the Nuclear Renaissance?

A compelling spokesperson, and a plan for Yucca Mountain.

The stars would seem to be aligned for a renaissance of nuclear power in the United States. Fossil-fuel prices are historically high, political uncertainty plagues the Middle East, Russia, and other oil-producing regions, new reactor technology looks promising, and President Bush is promoting nuclear among the alternatives for electric power. Indeed, opinion polls suggest the public has an increasingly positive attitude towards nuclear power.

Byline: 
By Craven Crowell
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