Let's look back over the past few years-what we got right and where we went wrong.
Bruce W. Radford
Let's look back over the past few years-what we got right and where we went wrong.
Do you recall how you felt at your last class reunion? Well, that's exactly what an editor feels when asked to reminisce in public about days gone by at the magazine to which he gave his best years.
A new FERC decision veers away from congressional intent not to burden intrastate pipelines with interstate policies.
J. Michel Marcoux
A new FERC decision veers away from congressional intent not to burden intrastate pipelines with interstate policies.
State commissions can set intrastate natural gas pipeline transportation rates except when the intrastate pipeline moves gas in interstate commerce. Then, the Federal Energy Regulatory Commission (FERC) regulates the rates under evolving Natural Gas Policy Act of 1978 (NGPA) standards. Two recent FERC orders in a GulfTerra Texas Pipeline L.P.
Electricity rates may be heading skyward sooner than we think.
Richard Stavros
Frontlines
Electricity rates may be heading skyward sooner than we think.
Are state regulators in danger of bringing about the thing they most fear-higher electricity rates? Critics charge that some regulators seem to be opening up the cookie jar, letting utilities have as they please with no supervision.
Revisiting performance-based rates with endogenous market designs.
Francis J. Cronin and Stephen A. Motluk
Revisiting performance-based rates with endogenous market designs.
More than 20 years ago in the pages of this publication, economist William Baumol outlined a method by which the regulation of public utility monopolies could be streamlined while simultaneously providing incentives for efficiency and productivity growth.1 Baumol proposed a productivity incentive clause that adjusts rates automatically according to the formula,
ISO New England dares to dream, again.
Lori A. Burkhart
Commission Watch
ISO New England dares to dream, again.
ISO New England (ISO-NE) wants to become a regional transmission organization (RTO). But just the idea-prior to any official filing at the Federal Energy Regulatory Commission (FERC)-has come under attack. ISO-NE is going to find rough waters ahead, despite a three-year effort aimed at a smooth transition to becoming an RTO. And now with the Oct. 31 filing of the 2,000-plus-page RTO proposal at FERC, the stage is set for these battles to be fought, again.
A Survey of Recent PUC Rulings
Phillip S. Cross
A Survey of Recent PUC Rulings
With most restructuring efforts at a standstill in the energy industry, state public utility commissions (PUCs) have tended to shift their attention back to the art and science of ratemaking. For electric and gas utilities, that has meant a renewed emphasis on the mechanics of setting a maximum allowed rate of return on common equity (ROE).
The industry requires new analytical tools to incorporate the realities of today's higher risk operating and investment environment into the equity allowance process.
Mark Ciolek, Wallace Jones, and Dr. William Wilson
Commission Watch
The industry requires new analytical tools to incorporate the realities of today's higher risk operating and investment environment into the equity allowance process.
How to benchmark return on equity (ROE) and depreciation expense in utility rate cases.
Johannes P. Pfeifenberger and Mark W. Jenkins
How to benchmark return on equity (ROE) and depreciation expense in utility rate cases.
Lehman Brothers and others say upcoming rate cases and falling unregulated earnings mean some IOUs will have less to show for their effort.
Richard Stavros
Lehman Brothers and others say upcoming rate cases and falling unregulated earnings mean some IOUs will have less to show for their effort.
Richard Stavros
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