Retail Choice: New York utilities cry “bait and switch,” but it’s not that simple.
Fortnightly Magazine - July 2005
The SEC denies approval of the AEP/CSW merger. What will that mean for industry consolidation?
What's wrong the Public Utility Holding Company Act of 1935 (PUHCA)? The 1935 act clearly did not contemplate a competitive marketplace for electricity. Legislation should be updated to reflect the prevailing energy economic climate.
EPA flounders on the Clean Water rule, while producers tackle the real enemy—shortage.
Recent attrition raises the question: Consolidation or death spiral?
Market-Power Tests: A review of FERC’s market-based rate (MBR) screens, from theory to application.
FERC’s market-power screens have been tested and found wanting in some areas. The author examines the screens’ strengths and weaknesses, then proposes future solutions.
A proposal to remove the bottlenecks on grid investment.
The lack of transmission investment transcends the usual culprits, pointing to a serious flaw in market structure.
An economic perspective on long-term contracting for gas pipeline service.
Gas utilities and state commissions must work together to help preserve rates of return, encourage conservation, and lower customers’ bills.
What's behind today's oddball mergers?
Look at the gargantuan, gerrymandered service territories you would get with the latest pending merger deals: Exelon-PSEG, Duke-Cinergy, and Warren Buffet's bid to combine PacifiCorp with his MidAmerican Energy. Now ask yourself if they make any sense.