Do states have any rights in siting LNG terminals?
William A. Mogel and Shuchi Batra
Natural gas often is called the world’s most perfect fuel. And since it can be transported as liquefied natural gas (LNG), and, as LNG, is projected to meet 20 percent of the country’s natural-gas requirements by 2025, the construction of onshore LNG terminals is crucial for the United States. Siting of LNG terminals is contentious as states and a range of stakeholders challenge and seek to frustrate FERC’s permitting authority.
How new market-based regulations fit with today’s programs.
Sam Napolitano, Melanie LaCount, James O. Lee, Beth Murray, Mary Shellabarger, and Sam Waltzer
What do the Clean Air Interstate Rule, the Clean Air Mercury Rule, and the Clean Air Visibility Rule require of the power sector? Authors from the Environmental Protection Agency review implementation progress.
The Supreme Court’s recent decision empowering the Environmental Protection Agency to regulate carbon dioxide shifted momentum toward a mandatory program to cap greenhouse-gas emissions. Eventually, there will be huge implications for power generation.
What we can learn from retail-rate increases in restructured and non-restructured states.
J.P. Pfeifenberger, G.N. Basheda, and A.C. Schumacher
Significant rate increases in many retail-access states have regulators and policy-makers asking whether customer choice and utility restructuring have failed, and what they can do about these rate increases.
The latest resistance to deregulation is built on a foundation of lies.
Todd W. Bessemer and Francis X. Shields
A motley assortment of naysayers and recalcitrants continue to oppose competitive electricity markets around the world. But the alternative to markets is centralized command economics—a discredited concept that deserves to be consigned to the dustbin of history.
A decision-maker’s checklist provide a starting point—but not an end-point.
Alison Silverstein and Richard Schomberg
Recent predictions suggest that the U.S. electric industry will invest $300 billion in new transmission and distribution (T&D) facilities (including advanced meters) over the next decade, and $400 billion in new power plants over the next 25 years to meet forecasted demand growth. If we start now, we can build interoperability principles and capabilities into those investments and hasten the improvements in reliability, costs, innovation and value that interoperability can deliver.
John S. Ferguson: I concur with Mark Williams’ assessment that the proposed KKR/TPG acquisition of TXU through a leveraged buyout (LBO) may “have negative consequences for Texas customers,” which he indicates as being a consequence of the nature of an LBO. I think it is more likely a consequence of the nature of the restructuring imposed by the Texas Legislature.
Stephen L. Teichler and Ilia Levitine: We take it with good humor that Scott Strauss and Jeffrey Schwartz used our report on the 9th Circuit’s recent Mobile-Sierra decisions as a foil to the grand argument that courts should return to the “statutory roots” in their interpretation of Mobile-Sierra.
How enterprise risk management practices impact the Standard & Poor’s rating process.
About a year ago, Standard & Poor’s expanded the methodology used to review and assess the enterprise risk management practices of U.S. energy firms with trading desks. The methodology, known as the PIM framework, focuses on the three aspects of policies, infrastructure, and methodology, and produces a comprehensive evaluation of a firm’s risk management. The importance of each of these aspects in a company’s risk culture, and our opinion of its risk management quality, will depend on that company’s size, complexity, and range of risk.
Capacity shortages from global warming should be the real cause for alarm.
Richard Stavros, Executive Editor
Suppose the experts are wrong about climate change. Suppose they’ve underestimated the impact of global warming. Of course, to longtime readers of Public Utilities Fortnightly, the idea that a warming climate might force adjustments in utility resource plans is nothing new.
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