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A Continuing Reign of Incoherence

How EPACT fails to address key industry issues.

Fortnightly Magazine - December 2005

environmental costs engendered by their fuel use, technology and distribution decisions. All of this will evolve as consolidation intensifies and refocuses competitive pressures.

The entire energy industry has known for 25 years that change would come, but the biggest changes in the power sector are yet to be felt. Market reforms will work if our policymakers take the time to understand how and where to make them effective and efficient. Let’s hope that policymakers and industry stakeholders have the perseverance, creativity and wisdom to usher in timely and constructive change before events again overtake us.

 

Endnotes:

1. Pub L. 109-58, Aug. 8, 2005.

2. 16 USC 791a.

3. Energy Policy Act, H.R.6, Subtitle C sec. 137.

4. 2005 Wisc. PUC Lexis 439.

5. Energy Policy Act, H.R.6, Subtitle D, sec. 1241.

6. Energy Policy Act, H.R.6, Subtitle D sec. 1241.

7. Anthony DePalma, “9 States in Plan to Cut Emissions by Power Plants,” New York Times , Aug. 24, 2005 p. A1.

8. GF Energy 2005 Electricity Outlook, Striving for Certainty in a World of Change , January 2005.

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