Declaring Emergencies in California: The Realities of ISO Operation
An independent system operator's view on the energy crisis and the realities of maintaining reliability.
Declaring Emergencies in California: The Realities of ISO Operation
Cooperative IPOs: Distinguishing Fact from Fantasy
The fundamental principles of cooperative operation are inherently in conflict with the traditional concept of an IPO.
1. Subordination of capital. Neither interest nor dividends may be paid on invested capital. Cooperatives provide for a return of capital-not a return on capital. Furthermore, neither the amount of patronage nor the amount of investment of a patron can determine such patron's degree of ownership or control of the organization, i.e., there must be patronage-based ownership.
Inside the IT Nerve Center
Managing information technology at the ISO, the trading platform, and two merging utilities.
"What the electricity market needs is a forward market with an ability to vary price and volume on an hour-by-hour basis."
Off Peak
Make that 2.3 cents-the miserly refund that California says it might owe for power that it sold to the Pacific Northwest.<b> </b>
Off Peak
October 1, 2001
Pennies From Heaven
Make that 2.3 cents-the miserly refund that California says it might owe for power that it sold to the Pacific Northwest.
Every time it rains ... it still leaves those hydro reservoirs just a little bit short.
News Analysis
<br> IPPs and other stakeholders long have called for standards, but this time, the FERC just might oblige.
News Analysis
IPPs and other stakeholders long have called for standards, but this time, the FERC just might oblige.
"Certain transmission owners ... have impeded the interconnection process and, thereby, new generation construction."
"Many transmission providers also refuse to offer network transmission service to merchant generators ... ."
Perspective
Some want a tighter grip on generators, but FERC should steer clear.
Some want a tighter grip on generators, but FERC should steer clear.
People
Frontlines
Regulators face a daunting task in sorting out power refunds in the Pacific Northwest.
Frontlines
Ripple Effects
The Risk That Wasn't Hedged: So What's Your Gamma Position?
Power markets often show coincident peaks in price and volume. <br>That can make profit unusually volatile.
The Risk that Wasn't Hedged: So What's Your Gamma Position?
Power markets often show coincident peaks in price and volume.
That can make profit unusually volatile.Force equals mass times acceleration (F=ma). Any student of physics should know this equation. In other words, force doesn't just increase with added mass; rather, it accelerates in its strength.
Gas Price Prudence: From Hedge-and-Hope to Best Practice
Utilities and regulators should follow the same ideas that govern risk management at the largest of commodity trading houses.
Gas Price Prudence: From Hedge-and-Hope to Best Practice
Utilities and regulators should follow the same ideas that govern risk management at the largest of commodity trading houses.
The July 5, 2001 issue of offered an update on what utilities and regulators are doing in the area of commodity price hedging for natural gas.
The headline read, "Dominion East Ohio Sales Customers Will Pay 29% Less in Gas Costs under PUCO-Led Encouragement of Hedging Plan...."