Bundled against Change
Mississippi draws a line in the sand.
"We view the [Entergy-ITC] transaction [as] an attempt to extract excess value."-Mississippi PSC
Vertical integration
Solar Emergence
Models are evolving for utility-scale solar development.
During the next few years, the biggest growth in the solar energy market will happen in the form of utility-scale projects, mostly driven by state renewable portfolio mandates. But financing such projects has become more difficult, with a smaller pool of equity capital and an evolving set of regulatory requirements.
Grid Investment & Restructuring: Two Challenges, One Solution
FERC must align the immediate self-interest of profit-maximizing entities with its own view of what is in the public interest.
Two obstacles must be overcome to achieve true competitive markets: reversal of the long-term underinvestment in transmission, and greater clarity in the legal and regulatory environments. How can the industry make the most of a somewhat defensive regulatory posture?
It's Back
Energy trading returns, healthier and wiser.
As the overall market and, in particular, credit ratings begin to improve, will utilities and other energy players jump back into the energy trading market? Only if the return of trading adds real value to a company.
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.
Back to the Ratebase
Utilities are absorbing distressed IPPs, and raising alarm bells in the process.
In 2003, just over 1.4 GW of unregulated generating capacity was converted into rate-based assets. At least another 5.6 GW will be converted soon. What supply procurement practices are appropriate in today’s power market?