Public utility stocks showed no signs of letting up during the fourth quarter of 1995. The Public Utilities Stock Index rallied a brisk 234.66 points, or 6.38 percent, to close at 3910.01. Not to...
Moler and Donald F. Santa, Jr. of the FERC on one hand, and Woychick, Smutny-Jones, and MIT Economics Professor Paul Joskow on the other:
Santa: "What should [we] look at to determine whether a plant really is must-run?"
Smutny-Jones: "Use generic engineering criteria, not unit-specific."
Moler: "How do we minimize the chunk of must-run units?"
Woychik: "The definition ... is not a matter for regulation. It should be decided by the ISO."
Moler: "Does everyone else agree on that?"
Joskow: "Yes. Engineers have to look at the system and then mutter all sorts of things the rest of us don't understand."
Articles found on this page are available to Internet subscribers only. For more information about obtaining a username and password, please call our Customer Service Department at 1-800-368-5001.