Tampa Electric received the Edison Electric Institute's (EEI's) 2015 Edison Award, the electric power industry's highest honor, for its design and construction of a reclaimed water system at its Polk Power Station in Polk County, Florida. Tampa Electric designed and built a reclaimed water-treatment project that offers environmental benefits to Hillsborough and Tampa bays.
The need for many hundreds of billions of dollars in capital expenditures creates huge opportunities and challenges, especially in a more challenging credit environment.
An estimated $900 billion of direct infrastructure investment will be required by electric utilities over the next 15 years, and $750 million already is in place. Nukes, renewables, low-carbon technologies, combined-cycle gas turbines—all have faced cost challenges. The magnitude of the numbers requires a multi-pronged approach.
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.
The technology works, but public policy will dictate its future.