Duff & Phelps Credit Rating Co. has released a report advising that a properly structured plan for securitization of stranded utility investment should address third-party credit risk.
Distribution Utilities: Forgotten Orphans of Electric Restructuring
as part of GMP's distributed utility planning efforts.
2 See, for example, Vermont Department of Public Service, Statewide Energy Efficiency Plan, Appendix 5, May 1997.
3 The following articles present aspects of these new methods, all of which rely on decision analysis and dynamic programming techniques: 1) Feinstein, C. and Lesser, J., "Defining Distributed Resource Planning," The Energy Journal, Special Issue. Distributed Resources: Toward a New Paradigm of the Electric Business, at 41, 1998; 2) Feinstein, C., Morris, P. and Chapel, S., "Capacity Planning Under Uncertainty: Developing Local Area Strategies for Integrating Distributed Resources," The Energy Journal, Special Issue. Distributed Resources: Toward a New Paradigm of the Electric Business, at 85, 1998; and 3) Lesser, J. and Feinstein, C., "Electric Utility Restructuring, Regulation of Distribution Utilities, and the Fallacy of 'Avoided Cost' Rules," Journal of Regulatory Economics 15(1) at 93, 1999.
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