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Law & Lawyers

Three-Legged Stool

The smart money now treats transmission as a player. Just like generation. Just like load.

Over at the Federal Energy Regulatory Commission, new chairman Pat Wood has let it be known if he had been in charge, he would have postponed Order 2000.
Byline: 

Bruce W. Radford

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Vertical Integration: Necessity or Distraction?

An analysis of the latest wave of unbundling, re-bundling, and convergence plays in the gas-power industries.

In any industry, companies must choose a portfolio of assets and businesses to own along a value chain. In doing so, they make an implicit trade-off between the benefits of focus and vertical integration.
Byline: 

Dan Gabaldon and Joe Quoyeser

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Locational Marginal Pricing

How PJM turns redispatch into market signals.

Figures 1 and 2 show an example of locational marginal pricing (LMP) presented by PJM at a FERC meeting held Jan. 22.
Byline: 

Bruce W. Radford

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FERC's New Move: A Single Tariff

Finding that "market design flaws are visible in every regional electric market today," FERC released its working paper on standardized transmission service and wholesale electric design on March 15. The work in progress outlines key principles and policy decisions on standard market design (SMD) to guide FERC in developing a revised open access transmission tariff (OATT).

Byline: 

Lori A. Burkhart

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M&A 2002: The Need for Strategic Clarity

What type of merger strategy should energy companies pursue in light of new industry uncertainties?

Learn about the nature of mergers and acquisitions expected within the natural gas, power, and energy utility sector.
Byline: 

Richard J. Rudden and James P. Bolduc

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Utility Valuation: Shedding Light on the Black Box

Experts debate how energy companies should be valued in the wake of electric restructuring and Enron.

Credit downgrades, bankruptcy, and investor backlash against energy companies has exposed how inadequate the valuation of energy companies is. Experts debate just how to value the industry.
Byline: 

Richard Stavros

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Indecent Disclosure?

Most pan FERC NOPR, but gas association eyes FERC role.

Citing overlap with the Securities and Exchange Commission (SEC), the power industry has largely panned FERC’s proposals to require greater disclosure on financial instruments and derivatives.
Byline: 

Richard Stavros

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