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Public Utilities Reports

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Fortnightly Magazine - June 1 2003

Commission Watch

The commission tacks a new name onto a familiar concept.
Lori A. Burkhart

The commission tacks a new name onto a familiar concept.

By now it is old news that the Federal Energy Regulatory Commission (FERC) on April 28 back-pedaled on standard market design (SMD), even renaming it the "wholesale power market platform." But SMD is far from dead, as some had wished. Instead, it is merely toned down, bowing to political furor and regional differences.

Business & Money

The collapse of wholesale markets has utilities once again making the purchasing decisions, and taking all the risks.
Michael T. Burr

The collapse of wholesale markets has utilities once again making the purchasing decisions, and taking all the risks.

If a common theme is emerging from the various policy directions across the country, it seems to be that responsibility for supply resources is moving away from open markets and back into the hands of load-serving utilities.

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