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Renewable Energy: Growing Pains, Halting Gains

Technology Corridor: Mandatory portfolio standards have different implications for different technologies.

The federal government and several state governments are considering programs to increase the share of electricity produced by renewable generation resources to 20 percent or more. If these programs are implemented and pursued successfully, they will trigger a dramatic change in the role of renewable generation and the requirements placed upon it by the market.
Byline: 

Edward A. Reid Jr.

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Regulatory Uncertainty: The Ratemaking Challenge Continues

In a joint survey conducted by Navigant Consulting and Public Utilities Fortnightly, utility executives identify the biggest challenge to their business.

A joint survey of utility executives by Navigant Consulting and Public Utilities Fortnightly identifies the biggest challenge regulators face.
Byline: 

Russell A. Feingold

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Transmission Upgrades: Who Pays?

How to allocate the costs.

An author examines the impact of hypothetical congestion-reduction projects on generators and loads that are part of a vertically integrated utility, and generators independently owned in a deregulated environment.
Byline: 

John Seelke

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High Gas Prices: The Edge Comes Off

Conservation programs, plus an erosion in domestic manufacturing, will lead to a falloff in gas demand.

Despite some expected problems this upcoming heating season, current high prices and new conservation programs will contribute to a decline in expected natural-gas demand over the next several years.
Byline: 

John H. Herbert

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State Regulators: Driven By Reliability

Can natural gas supply keep up with demand for power?

Reliability and utility infrastructure development remain regulators’ top concerns. This year’s Regulators Forum spans the different regions of the country to highlight the most pressing issues facing the industry.
Byline: 

Lori A. Burkhart

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The New Money Pipelines

Business & Money: Merchant plants now draw investors from three different worlds — each with its own agenda.

It's tempting to chalk up the recent bubble in merchant generation to just another industry cycle, but there's more to consider. Investors have not made a wholesale exit from power finance. It is true that many have taken significant losses. It is also true that some remain wary. Despite all this, investors continue to enter the market and address the needs of the industry today.
Byline: 

Ren Plastina

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FERC Versus Bankruptcy Jurisdiction: A Double-Edged Sword

Commission Watch: Be careful what you wish for.

Financially troubled companies and their actual and potential counter-parties in many cases will continue to have difficulty in assessing business, default, and credit risks. The United States Court of Appeals for the Fifth Circuit ruled in favor of bankruptcy court jurisdiction over requests to reject FERC-jurisdictional wholesale electricity sales contracts. Yet the court did not resolve — and arguably magnified — uncertainties about the standard that should be employed by a bankruptcy court in considering such a request.
Byline: 

John P. Ratnaswamy

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Debilitating Doctrine

How the filed-rate policy wreaks havoc — and what courts can do about it.

Like many venerable legal rules, the filed-rate doctrine is rarely questioned. Over the last century, it has served many important purposes. However, with deregulated wholesale electric power markets at the federal level and various degrees of deregulation across the states, both the doctrine's continued applicability and usefulness are suspect.
Byline: 

Jim Rossi

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Power Measurements: Welcome to ComEd, Population 1,281

What did LMPs tell us this summer in PJM's new neighborhood?

With one summer under its belt as a member of PJM, ComEd has been called a complete success by some, boring by others. Using data from Energy Velocity's Market Ops and Weather products, we can see the impact of transmission and weather on ComEd this summer.
Byline: 

Aaron Brasket, Tom Ottem, and Mike McNair

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