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Fortnightly Magazine - December 1998

"Is membership in an ISO a de facto requirement, as many observers believe? ¼ What competitive harm is it believed to solve. ¼ If no conforming ISO is available, what interim mitigation, if any, is required?"

PHB concludes: "From the moment when the application is filed, the ex parte rules come into force. Neither applicants nor intervenors have any window into the staff's deliberations."

EEI gets the last word:

"As a significant number of companies will have divested some or all of their generation assets, mergers of transcos or 'wires' businesses may come before the Commission. Mergers of wires companies, which will remain subject to price and access regulation should raise virtually no significant market power problems and indeed should be viewed positively."


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