CSAPR

2014 Utility Regulators' Forum

Diversifying Utility Regulation: State regulators voice opinions as mixed as the nation’s geography.

Interviews with public utility commissioners from key states – New York, California, Maryland, and Georgia – on coal carbon, climate, and the revolution in retail. What they’re thinking. What they’re planning.

The Fortnightly 40 Best Energy Companies

The dash to gas brings volatility in shareholder performance.

Fortnightly’s 2013 ranking of shareholder value performance shows substantial changes, with gas prices weighing on some utilities and elevating others.

Least-Risk Planning

The Homer City decision increases uncertainty—but rewards forward thinking.

The D.C. Circuit’s CSAPR ruling reinforces the benefits of planning ahead and keeping options open. A diverse portfolio strategy reduces risks and costs.

Federal Feud

The jurisdictional battle rages on, with FERC and EPA squaring off against the states.

When Revolutionary War veteran Daniel Shays led an attack on the federal Springfield Armory in January 1787—the spark that ignited the federalist movement—he scarcely could’ve guessed that now, 225 years later, his spiritual descendants would still be fighting that very same battle.

Cleanup Time

Retrofitting early protected North Carolina ratepayers.

Ongoing litigation over EPA rules raises compliance risks and costs. North Carolina utilities, however, benefited from the state’s forward thinking.

Fortnightly's Top 10

It’s a war out there — or rather, several of them. Fortnightly reports from the front lines of the conflict over U.S. energy and environmental policy.
It’s a war out there — or rather, several of them. Fortnightly reports from the front lines of the conflict over U.S. energy and environmental policy.

Last Call

Utilities are enjoying some of the best financing terms anybody’s ever seen. Is the party winding down?

Conditions are ideal for utility financing—but not forever. Although interest rates remain low, policy changes weigh on capital structures.

Mitt Romney and You

Bold plan for independence, or more partisan overreach?

The Republican nominee’s energy plan doesn’t say much about electricity or natural gas. But what it does say should sound familiar to anyone who’s followed energy policy for more than four years.

Regulatory Gordian Knot

EPA’s new water, waste, and air regulations complicate power plant compliance.

New environmental requirements under the Clean Water Act (CWA) will add to the already complex burden of compliance for power plants. As the Environmental Protection Agency moves forward with cooling water and effluent standards, utilities and generators will have to deal with overlapping rules and conflicting policy goals.

Opportunities for the Brave

Navigating the power and gas markets.

The power and gas markets look very different today from what we were anticipating three to four years ago. Gas has gone from seeming shortage to seeming abundance with recent spot prices falling to well under $3/mcf. Power prices and volatility are down significantly. Demand is soft and excess capacity exists in most of the country. While it might be easy to attribute the conditions in the power markets largely to the recession, the reality is that the fundamentals of the market are materially changing—creating opportunities while revealing new pitfalls.