Market power after two years.
Uncertainty clouds direction of FERC’s market engineering.
Sempra promised regulators they’d build a new utility, but Nova Scotia is still waiting.
How Competitive Metering Has Failed
Natural Gas Hedging: A Primer for Utilities and Regulators
What commissions need to learn.
What LDCs should already know.
The facts are now in. If utilities had hedged their natural gas purchases during the 1990s, they could have earned windfalls for those they serve, given the wild price gyrations of the past decade (). Yet few if any households or businesses saw any windfall, because few utilities were engaged in futures and other derivatives markets.
Wind Power: Poised for Take Off?
A survey of projects and economics.
The amount of electricity generated from wind in the U.S. is expected to surge this year - owing in large part to hydropower shortages out West, natural gas price volatility across the country, and high capacity factors for wind turbines, which help to offset the intermittent nature of wind energy generation.
1 "Load-serving entities" are firms that serve retail electricity customers. These firms include utilities and power marketers.
2 See L.D. Kirsch, "ISO Economics: How California Flubbed It on Transmission Pricing", Public Utilities Fortnightly, Oct. 15, 1998, p. 24.
3 See J.E. Bowring and R.E. Gramlich, "The Role of Capacity Obligations in a Restructured Pennsylvania-New Jersey-Maryland Electricity Market", Electricity Journal, November 2000, pp. 57-67.
1 1999 TNT 204-24 PECO Energy's Testimony at Finance Hearing on Tax Issues of Electric Power Industry. (Hereinafter, "PECO Energy Testimony.")
2 Treas. Reg. 1.468A (c)(2). For a more detailed explanation, see Nuclear Energy Institute Policy Briefs, "Why Tax Treatment of Decommissioning Trust Funds Must Be Updated to Reflect New Business Conditions," http://www.nei.org/doc.asp?catnum=3&catid=221.
¥ CUSTOMBid is a product of Mellowmede Ltd., developed in consultation with the staff of London Economics International LLC. London Economics International LLC is an exclusive licensee of CUSTOMBid.
# "Cournot competition" refers to an oligopoly in which each firm believes that its rivals are committed to a certain level of production and that rivals will reduce their prices as needed to sell that amount.