Engineering Climate Change Challenge
Charles Bayless
Charles Bayless
Regulation for Third Era of the Age of Electricity
On July 13, 1977, the infamous New York power outage took place. The Big Apple was brought to its knees after a lightning storm. For twenty-five hours, nine million people were in the dark as mass looting and rioting broke out across the boroughs. A thousand fires, sixteen hundred looted stores, five hundred and fifty injured police officers, four thousand arrests. All this while the fear of the notorious Son of Sam murders magnified. A Bronx car dealership had fifty Pontiacs stolen.
The Illinois Commerce Commission released two rate case decisions in May, one for an electric utility and one for a natural gas local distribution company (LDC). In the electric rate docket, Mt. Carmel Public Utility Company had petitioned for $1.9 million in additional revenues, representing an overall increase of 16.75%. Although the commission assented to the entirety of the request, it did not agree to allocate the increase to all customer classes on a uniform across-the-board basis.