Law & Lawyers

Thomas Edison Encourages a Young Henry Ford

Edison to Ford: 'Young man, that's the thing; you have it. Keep at it.' From the Archives of the Association of Edison Illuminating Companies

It came at the end of the main banquet at the 1896 annual meeting of the Association of Edison Illuminating Companies, AEIC. The setting was the stately Oriental Hotel in Manhattan Beach, in Brooklyn, New York. A group of the nation's technical and business leaders remained at their table to smoke cigars and talk of the events of the day.

AEIC was founded in 1885 at the dawn of the Age of Electricity. At the 1896 meeting, forty-four power men from eighteen illuminating companies were in attendance.

Looming Risks of Regulated Assets

History May Not Predict Future

Maximizing exposure to regulated assets may not be an optimal long-term investment strategy, despite its present popularity. The factors considered here include lower allowed returns on equity, the law of diminishing returns, declining demand for the product, price increases, and a possible death spiral.

Surprising Energy Requirements of the Cannabis Industry

Part II: Problems and Potential Solutions

U.S. cannabis industry is experiencing explosive growth. The industry is extremely energy-intensive and is already placing strains on some individual utilities and local grids. Here we discuss the implications for utilities and PUCs and explore potential solutions.

Zero Emissions Credits

State Priorities vs. Regional Differences

Recently adopted state programs to foster existing nuclear generation are being challenged in the courts for potentially infringing on FERC’s wholesale market jurisdiction. 2017 could prove to be the year when state policy priorities began to elbow aside voluntary regional market constructs.