Assimilating the best of the regulated-utility and merchant models.
Vertically integrated utilities (VIUs) have served us well and do not need to be dismantled in the name of competition.
Fortnightly Magazine - August 2004
Business & Money
Credit-rating linkage harms certain power companies. Ring-fencing is the best answer for regulators.
In recent years, a persistent battle has developed between state public utility commissions (PUCs) and holding companies over the negative financial and operational impacts on regulated utilities of failed diversification investments. Ratepayers expect to compensate companies for the costs of providing utility service-not those costs associated with the unregulated activities of affiliated companies.