What's behind today's oddball mergers?
Look at the gargantuan, gerrymandered service territories you would get with the latest pending merger deals: Exelon-PSEG, Duke-Cinergy, and Warren Buffet's bid to combine PacifiCorp with his MidAmerican Energy. Now ask yourself if they make any sense.
The benefits and future challenges of regional transmission organizations.
Ten years after the initial Notice of Proposed Rulemaking that set in motion the establishment of RTOs, it is hard to dispute that the mature organized markets with independent management of the grid have achieved tangible benefits for all customers. It is important to remind ourselves of the accomplishments and challenges ahead.
A proposal to remove the bottlenecks on grid investment.
The lack of transmission investment transcends the usual culprits, pointing to a serious flaw in market structure.
Market-Power Tests: A review of FERC’s market-based rate (MBR) screens, from theory to application.
FERC’s market-power screens have been tested and found wanting in some areas. The author examines the screens’ strengths and weaknesses, then proposes future solutions.
Power System Planning: Who gets paid (and how much) for backing up the system?
Solving the electricity credit malaise.
A review of the ongoing evolution of market design.
Electric M&A: The merger with PSE&G may herald a new industry structure, squarely at odds with regional markets.
Exelon Chairman, President, and CEO John W. Rowe, on the proposed merger that would create the largest utility in the United States.
Where Entergy leads, will Wal-Mart follow?