How greenhouse gases and Best Available Control Technology could shape the regulatory landscape—and the environment.
Jonathan S. Martel, Jessica R. Brody, and Kerri L. Stelcen
Two cases involving traditional pollutants and climate change are before the court. In addition to questions about the EPA’s regulatory power, both cases raise critical threshold “jurisdictional” questions about the courts’ role in addressing these issues.
Failing to address and adapt to the new ratemaking realities could result in increased costs for the economy.
Mark A. Jamison and Paul Sotkiewicz
The approaching 100th anniversary of regulation by public utility commissions in the United States calls for some reflection. How much have things changed, and how much have they stayed the same?
Three reasons to make them a permanent part of U.S. energy policy.
For the past decade, the renewable energy industry and various branches of the federal government have engaged in an ungainly, enormously unproductive two-step on production tax credits (PTC) for renewable energy projects, and for wind projects in particular. The PTC can be transformed into a keystone of an effective energy environmental policy. However, to achieve this transformation, the misperceptions must be challenged.
Regulators today must define earnings for energy retailers virtually bereft of fixed assets.
Charles J. Cicchetti and Colin M. Long
Applying the traditional rate-base concept to the new hybrid companies is where the gap between the old and the new regulatory paradigms resembles a deep schism. The current shifts in regulation should cause regulators to revisit and reconsider concepts that once reigned supreme in ratemaking.
Will the industry be able to meet capital investment and growth expectations?
The Energy Policy Act of 2005 gave states a new federally enforceable right to access holding company books and records, but concern remains that some of these initiatives may run counter to the goal of capital attraction.
High power bills, with the lifting of rate freezes, give pause to politicians.
By Richard Stavros, Executive Editor
The Baltimore Sun recently carried a very poignant letter from one of its local readers— a letter that utility executives might well take to heart. Appearing under the title, “Energy Advice Cruel to Poorer Readers,” the letter took offense at an article that trivialized the effect of the huge increase in local electric bills (35 to 72 percent) expected this July with the lifting of a long-standing retail rate freeze.
Congress renews PURPA’s call for conservation and load management, but the world has changed since the 1970s.
The “N-word” in the title first appeared in this journal more than 20 years ago, courtesy of the celebrated environmentalist Amory Lovins and his widely quoted piece, “Saving Gigabucks with Negawatts” (Fortnightly, 1985). Scroll forward a few decades. With restructuring of wholesale electric markets at FERC, plus formation of regional transmission organizations and independent system operators, the game was changed.
FERC this year must select a reliability czar. But the obvious choice could prove less than ideal.
Richard Stavros, Executive Editor
NERC up until now has been, in its own words, “a self regulatory organization, relying on reciprocity, peer pressure, and the mutual self-interest of all those involved in the electric system.” Nevertheless, can this tradition of kind, gentle, and voluntary consensus-building stand NERC in good stead as it seeks to transform itself in to a steel-fisted czar that would enforce mandatory standards?
Which utilities and states will be most affected by the new rules?
Regarding May's lengthy discussion by EPA officials on the Clean Air Interstate Rule: Which states, companies, and generating units will be most affected by the new rules?
The SEC denies approval of the AEP/CSW merger. What will that mean for industry consolidation?
What's wrong the Public Utility Holding Company Act of 1935 (PUHCA)? The 1935 act clearly did not contemplate a competitive marketplace for electricity. Legislation should be updated to reflect the prevailing energy economic climate.