The collapse of wholesale markets has utilities once again making the purchasing decisions, and taking all the risks.

If a common theme is emerging from the various policy directions across the country, it seems to be that responsibility for supply resources is moving away from open markets and back into the hands of load-serving utilities.

It's a law that only a mother could love.

It's tough to write another word about repealing the Public Utility Holding Company Act (PUHCA), or the "35 Act," as it is also known, referring to its Depression-era origins. But like the Energizer bunny, this debate keeps on going and going.

It's almost 70 years later, and the issue has outlived several generations of utility executives, regulators, lawyers, bankers, academics, and a few magazine editors. Heck, it may outlive us all.

Underwhelmed by the Utilities That Serve Them?

 

Why it happened? Who lost in the bust? Who will survive to build another turbine?

The period from late 2001 to April 2002 witnessed a classic industry shakeout as a result of a merchant power development sector that became too ambitious in its power plant development plans.

Rural Distribution Territories: A Drag On Utility Earnings?

 

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