Letter to the Editor
To the Editor:
Cato's Peter Van Doren and Jerry Taylor analyzed the electricity crisis in the February 2004 issue of the ("Rethinking Restructuring," p. 12) and concluded that the solution to a bad situation is vertical integration and mandatory real-time pricing. In my opinion they have got it half right.
Fortnightly Magazine - April 2004
New England's experience may redefine the term.
During the 1990s, capacity margins in the United States declined almost one third, falling from 21 percent in 1991 to less than 15 percent in 2001. In some regions, margins shrunk to less than 10 percent. Concerns grew over electricity reliability and possible upward pressures on electricity prices. However, as new gas-fired power plants began to come on line in the late 1990s, the developing electricity generation capacity surplus began to raise concerns.
A face-to-face interview with FERC Chairman Pat Wood III.
Bold. Fearless. Relentless. These are the words now being used by both critics and supporters to describe Federal Energy Regulatory Commission Chairman Pat Wood III.
FERC's recent policy initiatives and directives mark a strong shift from what was last year regarded as a more reluctant commission.