FERC

ICAP: A Make-Believe Market?

New England puts a price on electric reliability, but some say the charge looks more like a tax.

Does ICAP qualify as a true commercial product, traded on its own merit with a tangible value for customers?

Bullish for Business

Forced consolidation of RTOs would set transmission owners free to go after profits.

Forced consolidation of RTOs would set transmission owners free to go after profits.

Izzbee, Izz it?

The Energy Industry Standards Board doesn't exist yet, but it's got regulators talking.

More than two years ago, I suggested in this column that regional independent system operators would likely supplant the regional reliability councils as the caretakers of electric system reliability. And that's still possible—if the ISOs move quickly to RTO status, and if the RTOs get cracking right away on adopting uniform business rules. But the FERC may get tired waiting for that to happen.

People for July 15, 2001

Gordon van Welie recently was appointed president and CEO of ISO New England Inc. CMS Energy Corp. elected David G. Mengebier as senior vice president of governmental and public affairs. PSEG Global recently named George P. Schaefer as senior vice president of financing and treasurer. FERC announced the appointment of its newest commissioners. And others...

News Digest (July 15, 2001)

Compiled June 21, 2001 by Bruce W. Radford, editor-in-chief, from contributions as noted from Carl J. Levesque, associate editor, and Phillip S. Cross and Lori A. Burkhart, contributing legal editors.

L.A. Loves a Loophole

There's no getting around it—price caps aren't for everyone.

A letter to Michael J. Manning at Fulbright & Jaworski, L.L.P. from FERC General Counsel Kevin P. Madden.

How Soon They Forget

The case against re-regulating the electric industry.

Restructuring has already created a badly needed new atmosphere for the industry. There is an infusion of new thinking and vigor that portends bringing the industry's performance up to the standards of the rest of the economy. We have no reason to believe that regulation would fare better in the future than in the past. Let's go forward with electric restructuring. Unfortunately, however, it's turning out to be more difficult than we expected.