Is the predicted crisis this winter a failure of policy, the market, or both?
Given the free market in natural gas, why haven't prices attracted the needed infrastructure or supply? (LNG imports are actually down from last year.) What policies could have been contemplated ahead of national legislation? Or put more simply, why has supply lagged demand?
The bias in RTO markets, and how FERC might fix it.
RTO practice creates less risk and uncertainty over the nominal short-term wholesale price of power, but more risk and uncertainty over the long-term cost of transmission. That spells trouble for the coal-fired plant, sited far off at the mine mouth, needing long-haul transmission over a long-enough term to pay back the capital costs.
California's pursuit of a centralized administrative solution in reliability hinders everyday operational issues.
California’s pursuit of a centralized administrative solution in reliability hinders everyday operational issues.
Why current estimation models set allowed ROE too low.
A. Lawrence Kolbe, Michael J. Vilbert and Bente Villadsen
A material capital structure mismatch, which occurs frequently, can lead to material misestimates of the appropriate allowed return on equity, perhaps on the order of 2 percentage points. That is, a 9 percent estimate of the cost of equity can imply an allowed rate of return on equity of 11 percent.
The consequences of short-sighted rate making.
Gas utilities and state commissions must work together to help preserve rates of return, encourage conservation, and lower customers’ bills.
A proposal to remove the bottlenecks on grid investment.
The lack of transmission investment transcends the usual culprits, pointing to a serious flaw in market structure.
Many of the obstacles and strategic issues that utilities face today are all too familiar. This time they must be solved with a different business model.
We overbuild, run short, then overbuild again. You'd think we'd learn, because when the forecasts aren't accurate, when overcapacity plagues the industry, companies fail. Can we get the forecasts right? Probably not. But we can plan for forecasts that will be wrong. They always are. And they will be until the system is redesigned to let prices clear the market.
Presenting a program to stimulate robust coal-gasification technology deployment at low federal cost.
William G. Rosenberg, Michael R. Walker, & Dwight C. Alpern
Federal loan guarantees and other incentives can clear the hurdles to near-term deployment of gasification technologies.
DER: This final installment of Oak Ridge National Laboratory's series on distributed energy resources investigates efficiency, the environment, and generation displacement.
S. W. Hadley, T. K. Stovall
Do distributed energy resources result in more pollution, or less? Our final installment of the series from Oak Ridge National Laboratory answers the question.
Gas distributors tell how their business strategies are changing in response to issues such as higher gas prices, electric M&A, LNG, and gas pipeline development.
Does the push for liquefied natural gas raise more questions than it answers? Will natural-gas prices level off? Gas executives from Duke Energy, New Jersey Natural Gas, National Grid USA, Sempra Energy, and Southern Co. tackle the most pressing issues.