How much efficiency do ratepayers need—and utilities want?
Bruce W. Radford
When the applause dies down, the smart grid may turn out to be its own worst enemy. The California Independent System Operator (CAISO) explained this irony in comments it filed in May, after the FERC asked the industry for policy ideas on the smart grid.
Intelligent infrastructure requires an intelligent policy framework.
Mark A. Gabriel
A new grid efficiency framework will bring a new understanding between regulators and utilities that allows the industry to advance in cutting carbon emissions and improving system efficiencies, while maintaining reliability.
The Waxman-Markey bill proposes a federal renewable electricity standard. This standard, combined with state mandates, raises the risk of forest land shortages and higher prices for food and feedstocks.
Gas utilities can make better use of their inspection budgets.
Griffith R. Morris and Kenneth M. Loflin
An entirely new and better approach to measuring risk and compliance allows companies actually to measure this kind of risk—that is, to measure the degrees of compliance regarding actual field practices versus written standards and procedures.
It’s time to end the uncertainty about carbon costs.
Michael T. Burr, Editor-in-Chief
This summer marked a pivotal moment for the energy industry. In June, the U.S. House of Representatives approved the American Clean Energy and Security Act (ACES), a.k.a., the Waxman-Markey bill, which among other things would require the U.S. economy to cut its greenhouse-gas (GHG) emissions 83 percent by 2050.
When prices for emissions allowances collapsed in Europe’s carbon market a year after trading began, critics said the collapse proved a regulatory product couldn’t be traded internationally. Sure, they said, the U.S. acid-rain market worked, but it was never an international market—and it couldn’t be, given the propensity for governments to protect their own economies.
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