Transcos Reborn

Recent attrition raises the question: Consolidation or death spiral?

Despite some setbacks, the transco business might be ready to turn the corner toward a new phase of growth. Will the remaining barriers roll away and allow the industry to grow beyond three companies?


Grid reliability is one giant step in mainstreaming the technology.


Grid reliability is one giant step in mainstreaming the technology.

Wind power is coming of age in the United States. During the past five years, installations have grown by an average 28 percent yearly. Gleaming, high-tech wind turbines now are interconnected to the bulk power grid in some 30 states.


Flexibility is key as FERC moves toward a final rule.

Flexibility is key as FERC moves toward a final rule.

Since the Federal Energy Regulatory Commission (FERC) released its vision last July to standardize the rules governing U.S. bulk power markets, the nation's reaction to this standard market design (SMD) could safely be called swift and fervent.

Standby Generation: A New Proposition

A cost/benefit analysis of full interconnection of customer-owned standby generators.

Investigating the economic impact of interconnecting a backup generator with a utility-owned power system.

News Digest

News Digest


State PUCs

Restructuring Plans. The Ohio PUC denied rehearing of its restructuring order for FirstEnergy issued two months earlier, rejecting arguments by all petitioners-utility, marketers, and consumer watchdog groups.

Firm Transportation Contracts: When They Expire - A Five-Step Primer for Pipeline Shippers

An interview with David A. Boger, Stephen D. Moritz and Joseph G. Baran of Strategic Energy Ltd.

The expiration and renegotiation of firm transportation contracts on the pipelines in North America is becoming increasingly complex. For example, TransCanada Pipeline ("TransCanada") in the past consistently renewed its expiring contracts for five- to 10-year periods at maximum rates. It also regularly expanded its capacity, requiring 10-year commitments two years in advance of availability.

Twenty Billion or Bust

The minimum stake that marketers must bring to the table.

Conventional wisdom says any commodity marketer requires scale and scope in order to succeed. But what constitutes scale and scope? Some specifics follow.

* Size. Balance sheet of sufficient size and strength to withstand the volatility of commodity prices. Minimum total asset base of $20 billion.

* Flexibility.

Capacity Auctions Might Work, But Only if the Stage is Set

Make gas pipeline rights more fungible, but draw the line at contingent bidding.

Last July the Federal Energy Regulatory Commission proposed mandatory auctions to allocate all capacity rights shorter than one year's duration on interstate natural gas pipelines. (See RM98-10-000, Regulation of Short-term Natural Gas Transportation Services, FERC, July 29, 1998.) At a technical conference held Oct.