Investors put $50 billion into new generating capacity because they expected that electricity restructuring would lead to the formation of a small number of effective, regional transmission organizations, which would make the location of a generating facility less important in the future. Based on that assumption, developers placed many plants close to a source of fuel, not close to market. For many companies, that has turned out to be a fatal mistake.

LMP enhances reliability in a manner that no penalty regime can achieve.

California will save approximately $1 billion in annual natural gas expenditures by 2015 as a result of the RPS. Our modeling efforts indicate that market clearing power prices in California are likely to remain relatively unchanged when comparing the "No RPS" to the "Full RPS" case.

The Kentucky PSC Chair takes issue with Richard Stavros' "AEP's Gutsy Gambit," Frontlines, November 2003.

Positions filled at Southern Co., Southwest Power Pool, Avista Corp., and others.

A FERC order late last year — that AEP must join the PJM grid to meet conditions of its 2000 merger with Central and Southwest Corp. — was tantamount to a declaration of war with state regulators. At the center of the issue is whether FERC has authority to pre-empt the states on development of regional transmission organizations.

Experts say utilities are pushing transmission systems to unsafe limits. Does the Aug. 14 blackout support that argument?

Skeptics believe investors will continue to shy away from nuclear in the coming decades, but conditions are changing, with several factors pointing to expanded nuclear generation.

In a roundtable discussion, generation experts explain how environmental regulations, industry restructuring, investor confidence, and the bottom line are affecting their decision-making.

On Oct. 22, FERC ruled that FERC-regulated entities must file their cash management agreements with the commission and notify the commission when their proprietary capital ratio drops below 30 percent, and when it subsequently returns to or exceeds 30 percent. FERC’s ruling comes in response to analysis that found “severe record keeping deficiencies” by some FERC-regulated entities. This problem has led credit rating agencies like Fitch Ratings to warn that consolidated cash management accounts and failure to document fund transfers among affiliated companies as intercompany loans could be factors contributing to a U.S. bankruptcy court’s decision to consolidate a solvent company in the bankruptcy proceeding of its affiliate.