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In His Own Words

A face-to-face interview with FERC Chairman Pat Wood III.

In an exclusive interview, Executive Editor Richard Stavros, talks to FERC Chairman Pat Wood III about what the commission has in store for the electric utilities industry in 2004 and beyond.
Byline: 

Richard Stavros

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Benchmarks: Are Electricity Capacity Margins Really Growing?

New England's experience may redefine the term.

The U.S. capacity margin growth of 2002 should have eased upward pressures on electricity prices. However, electricity prices surged in many areas, such as New England, where surplus electricity capacity has developed. This suggests that the standard definition of capacity margin may not be appropriate in the context of current market realities.
Byline: 

Tom Wood, Ph.D.

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Letter to the Editor

Letters for April 2004.

Cato's Peter Van Doren and Jerry Taylor analyzed the electricity crisis in "Rethinking Restructuring" (February 2004) and concluded that the solution to a bad situation is vertical integration and mandatory real-time pricing. In my opinion they have got it half right.
Byline: 

Jim Johnston

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People

People for April 2004.

Positions filled at the House Energy and Commerce Committee, Duke Energy, Entergy, and others.
Byline: 

PUF

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Frontlines: Sticker Shock

Electricity rates may be heading skyward sooner than we think.

Even in regulated states, balancing shareholder interest against ratepayer interest is still more art than science. A fact that utilities will always dread, as long as there are rate cases.
Byline: 

Richard Stavros

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Technology Corridor: Bridging the Transmission Gap

A digital grid to the home, secured via a local fiber-optic network, could position utilities to fix power and telecom together.

Before billions are spent building new transmission lines to ensure reliable electric service, North American electric utilities should evaluate whether the alternatives — controlling demand and fostering distributed generation — might be more cost-effective and broadly beneficial.
Byline: 

Steven R. Rivkin

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NERC's Cloudy Crystal Ball

How much confidence do NERC demand forecasts warrant?

NERC’s forecasts for peak demand growth have consistently underestimated actual levels of growth. How does that affect projections for new construction?
Byline: 

Tom Replogle

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The Reliability Spending Conundrum

What is the right and prudent level of spending on service?

Utilities and regulators who want to determine the right level of spending on service quality should employ three tests: trending, benchmarking, and modeling.
Byline: 

Daniel O'Neill

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The Road Not Taken

Revisiting performance-based rates with endogenous market designs.

Have regulators selected the wrong market design in their restructurings during the past two decades?
Byline: 

Francis J. Cronin and Stephen A. Motluk

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Retail Risk-Based Pricing

A new approach to rate design.

Customers with greater risk require greater working capital set-asides to address anomalous or unexpected events.
Byline: 

Gary Dorris and Sean Burrows

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