Spiegel & McDiarmid

Utility Capital in the Twenty-First Century

What FERC might learn from Thomas Piketty and his best-selling book on wealth and income.

Thomas Piketty’s best-selling book, “Capital in the Twenty-First Century,” shows why utility transmission owners should not enjoy excessive returns.

Scare Tactics

New England’s proposed capacity market reform would force generators to ‘Be There or Else.’

Facing worries about resource adequacy, ISO New England proposes changes that would penalize generators that fail to perform when needed -- for any reason. Market players say it can only work if the system operator allows for reasonable exceptions.

Very Roughly Commensurate

Analyzing the Order 1000 comply filings from non-RTO regions.

Last fall, utilities across the country began filing tariffs with FERC to explain how they’ll comply with Order 1000. That’s quite a handful, but maybe not a stretch for the RTOs. Not so for the non-RTO regions.

When Labor's Locked Out

ConEd, public safety, and the regulatory response.

Last summer’s union lockout at Consolidated Edison raised novel legal and regulatory questions that remain unresolved. Organized labor can strike, and management can respond, but do state utility commissions have authority to end a lockout that threatens service?

Battle Lines:

2011 Groundbreaking Law & Lawyers Survey and Report

With a flurry of major new environmental regulations, the Environmental Protection Agency (EPA) is altering the power generation landscape. But will the new federal rules survive court challenges—to say nothing of next year’s national elections? Fortnightly's Michael T. Burr considers the controversy over new environmental standards. PLUS: Top Utility Lawyers of 2011.

News Digest

Dynegy's David Francis, vice president for western power trading, testified on Dec. 21 on why he thought the ISO was bending the rules:

 

News Digest


 

Electric Transmission: Jury Still Out on Flow-Based Pricing

Dominion Resources touts its "impacted" method, but opponents call it a "stalking horse" (em a scheme to avoid full review at FERC.

Is the Federal Energy Regulatory Commission prepared to accept true marginal-cost pricing for electric transmission?

With all the criticism leveled at the traditional "contract path," one would think that the FERC would consider a new approach to transmission pricing.

In fact, last year in its final Order No.