PJM's Three-Way Proposal
A re-defined capacity product, revised parameters for generator performance, and a new role for demand response.
The proposal creates a new capacity product called the “Capacity Performance Resource.”
ISO-New England
Playing Safe with Capacity Markets
PJM would minimize risk, but so did regulation.
Changes envisioned by PJM call for ever more structured markets, further reducing the scope of the competitive landscape from which RTOs arose. They may produce a system that is actually more costly and less innovative than regulation.
Bargain or Bonanza
Is discounted cash flow (DCF) still a reliable tool for determining equity cost?
The time-honored discounted cash flow method for determining appropriate utility returns falls short when interest rates are low. Inadequate ROEs ultimately increase cost of capital and wipe away any temporary savings.
CEO Forum: Facing the Future
Three CEOs, three business models, one shared outlook.
Cheap gas, regulatory uncertainties, and a technology revolution are re-making the U.S. utility industry. Top executives at three very different companies—CMS, NRG, and the Midwest ISO—share their outlook on the industry’s transformative changes.