Energy guru Joseph A. Stanislaw explains how the battle between government and the marketplace is changing.
It is a debate that rages to this day: whether rate-based regulation (government) or electric competition (marketplace) is a more effective model for the utilities industry and world economies. Joseph Stanislaw gives us a uniquely authoritative view on this perennial question.
Vikram Janardhan, Ajit Kulkarni, Ph.D., Narottam Aul, and Ng Meng Poh
A common response to energy-market risk is a complex market infrastructure, with significant administrative effort and cost dedicated to managing the risks and ensuring that the market functions in a transparent and effective manner. But is market complexity a necessary byproduct of competitive markets?
Consultant Roger Gale concludes that the TXU leveraged buyout does not provide inherent or long-term advantages to the customer.
Just when everyone thought the dust had cleared on the highly contentious leveraged buyout of TXU by Kohlberg Kravis Roberts and Co. (KKR), new challenges have sprung up from the most unexpected place.
An expiring 40-year-old contract rocks the Pacific AC Intertie.
Bruce W. Radford
PacifiCorp informed FERC, PG&E, and the state of California that it would not renew the contract upon its long-anticipated expiration date of July 31, 2007. Instead, it would take back full ownership of its transmission-line rights and sell the available capacity into the open market under its own tariff at today’s going rate.
Congress is shifting U.S. energy policies toward green alternatives. Is the new direction temporary or permanent?
Michael T. Burr
Fundamental questions about fuel supply, efficiency standards, and environmental performance have splintered Republicans and Democrats into warring factions. As a result, the only proposals legislators can agree upon seem to be watered down half-measures.
NERC’s first critical-infrastructure standard is now enforceable. But cyber rules await approval.
Cyber standards proposed by the North American Electric Reliability Corp. are in limbo this summer, although the Federal Energy Regulatory Commission anticipates taking action on them soon. Once approved, however, how will the two organizations work together to enforce compliance?
The 2005 Act, designed to streamline projects, may fall short of that goal.
David B. MacGregor and Matthew J. Agen
The Energy Policy Act of 2005 was supposed to streamline the siting process and provide a federal “trump card” for projects delayed at the local level, but it is far from clear whether these goals have been, or will be, achieved.
Independent system operators and regional transmission organizations recognize the value in having a common IT architecture.
Gordon van Welie
In today’s modern business environment, standards for products and services have become common—and expected—practice. The time is right for creating a common language among the critical software tools needed to deliver a reliable, competitively priced supply of electricity through today’s integrated power grids and wholesale market structures.
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