Fortnightly Magazine - April 15 2001

Perspective

I wanted deregulation. But not if we can't do it right.


I wanted deregulation. But not if we can't do it right.

As an economist, I confess I failed to predict the disaster in California. But I wasn't the only one. Anybody who tells you differently is either lying, fooling himself, or guilty of Monday morning quarterbacking.

LNG Makes a Comeback

After two dormant decades, the gas that travels in liquid form draws renewed interest, spurred by demand, shortage, and technology.
 

Assuring Enough Generation: Whose Job and How to Do It

A California failed to fashion proper incentives. Now others may repeat that mistake.

1 "Load-serving entities" are firms that serve retail electricity customers. These firms include utilities and power marketers.

2 See L.D. Kirsch, "ISO Economics: How California Flubbed It on Transmission Pricing", Public Utilities Fortnightly, Oct. 15, 1998, p. 24.

3 See J.E. Bowring and R.E. Gramlich, "The Role of Capacity Obligations in a Restructured Pennsylvania-New Jersey-Maryland Electricity Market", Electricity Journal, November 2000, pp. 57-67.

Frontlines

How to price energy during a stage 3 alert?

Frontlines

Très Riches Heures

 

How to price energy during a stage 3 alert?

You know the painting. Les Très Riches Heures du Duc de Berry. You probably saw it first in Janson's "History of Art", in a college survey course.