Regulating Public Utility Performance

The Law of Market Structure, Pricing and Jurisdiction

Author: Scott Hempling

Publisher: Amer Bar Assn

ISBN: 9781627222921

Category: Business & Economics

Page: 471

View: 9286

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Organizing a century of legal principles to help the U.S. public utility industry resolve tensions created by the current legal boundaries of legal regulation and fashion new policies for the future. Its mix of case narratives and doctrine, drawn from all legal sources, is geared to lawyers and non-lawyers, veterans and novices, practitioners and decision-makers, academics and the media anyone seeking to use the law to serve the public interest. Topics covered include market structure, pricing, and jurisdictional issues."

Preside Or Lead?

The Attributes and Actions of Effective Regulators

Author: Scott Hempling

Publisher: N.A

ISBN: 9780989327701

Category: Administrative agencies

Page: N.A

View: 2095

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This is a book of essays that addresses a species of regulation: the regulation of our public utilities. These providers of electricity, gas, telecommunications, and water support our local, regional, national, and international economies. Our lives depend on their performance. Defining and demanding that performance is the job of regulators. Regulators set standards, compensate the efficient, and penalize the inefficient. These standards, compensation, and penalties align private behavior with the public interest. In my 30 years' close-up experience working with regulators, I have been consistently impressed by the power of personal attributes. The public battles feature the parties, their hired experts, and their attorneys. But when the record closes and deliberations begin, the focus shifts to the commissioners. Case outcomes are determined not only by facts, law, and policy, but also by commissioners' attributes--attributes like purposefulness, decisiveness, independence, creativity, ethics, and courage. These attributes, or their absence, influence the actions of regulators--such as whether they "balance" and "preside" or whether they set standards and lead. And even the most purposeful, educated, decisive, and independent regulators--those who make the tough calls and take the right actions--face obstacles: the forces of self-interest and provincialism that can undermine the high purpose of regulation.

The Political Economy of Clean Energy Transitions

Author: Douglas Arent,Channing Arndt,Mackay Miller,Owen Zinaman,Finn Tarp

Publisher: Oxford University Press

ISBN: 0198802242

Category: Business & Economics

Page: 640

View: 2543

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This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. A successful clean energy transition requires navigation of a variety of political and economic factors; in many respects, these factors are more formidable than the technical challenge of replacing fossil fuel infrastructure with lower carbontechnologies. The factors of political economy are present in all countries - developing and developed countries alike - all with a unique set of national circumstances, including entrenched political actorsand interests, established policies and goals, regulatory and market paradigms, and other aspects. As far as a clean energy transition is concerned, these factors are not to be taken lightly. As governments around the world pursue their greenhouse gas reduction goals, it is critical that they learn from one another both in terms of successes and failures. Advancing this process of knowledge-sharing, to the benefit of all, but especially the most vulnerable of present and future generations, isthe raison d'�tre of this book.

Public Utilities, Second Edition

Old Problems, New Challenges

Author: David E. McNabb

Publisher: Edward Elgar Publishing

ISBN: 1785365533

Category: Business & Economics

Page: 512

View: 3164

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A thoroughly updated introduction to the current issues and challenges facing managers and administrators in the investor and publicly owned utility industry, this engaging volume addresses management concerns in five sectors of the utility industry: electric power, natural gas, water, wastewater systems and public transit.

Energy Utility Rate Setting

Author: Lowell Alt

Publisher: Lulu.com

ISBN: 1411689593

Category: Business & Economics

Page: 152

View: 9636

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A Practical Guide to the Retail Rate Setting Process for Regulated Electric and Natural Gas Utilities. This book explains how the traditional rate-setting process is commonly done for energy utilities. This book includes a discussion of revenue requirement, rate base, cost of capital, expenses, revenues, rate-making objectives, cost of service studies, rate design, the rate case process, tariff policies, metering, service quality and other types of cases affecting rates. The book concludes with a numerical example showing the calculation steps from revenue requirement to rate design.

Watchdogs and Whistleblowers: A Reference Guide to Consumer Activism

A Reference Guide to Consumer Activism

Author: Robert N. Mayer

Publisher: ABC-CLIO

ISBN: 1440830002

Category: Business & Economics

Page: 533

View: 7801

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This book is the most comprehensive and up-to-date source of information about ways in which consumer activism has reshaped the economic and political well-being of citizens in the United States and around the world. • Provides the single most comprehensive source available of information about consumer activism and advocacy • Shows how activism has influenced laws and regulations affecting more than 40 consumer issues • Shares personal accounts from activists about their work on these issues • Details information on U.S. national consumer organizations and many state and local consumer groups, including their goals, strategies, leaders, finances, and impact • Offers insights into the ways consumer activist groups have interacted with other nonprofits, policymakers, regulators, and business groups

Public Utilities

Management Challenges for the 21st Century

Author: David E. McNabb

Publisher: Edward Elgar Publishing

ISBN: 9781845426811

Category: Political Science

Page: 351

View: 9860

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Professor McNabb has produced an excellent overview of the management challenges facing public utilities in the 21st century. His description of the evolution, changes, and challenges of different types of utilities is insightful. What makes this book uniquely valuable is his addressing the variety of utility management responsibilities including human resources, information services, and strategic planning in a single volume. I recommend it highly. Jeffrey Showman, Washington Utilities and Transportation Commission, US An introduction to the current issues and challenges facing managers and administrators in the investor and publicly owned utility industry, this engaging volume addresses management concerns in three sectors of the utility industry: electric power, natural gas, and water and wastewater systems. Beginning with a brief overview of the historical development of the industry, the author looks at policy issues and discusses management ethics. He then examines a number of the major challenges in these organizational functions: management and leadership, planning, marketing, accounting and finance, information technology, governance, and human resources. In the final section of the volume he looks at issues specific to each of the three industry sectors. Accessible and comprehensive, this thoughtful exploration of the various issues facing managers in public utilities in the new century will prove a useful overview for students of business and economics, utility staff, and directors of local utility governing boards.

Regulated Industries in a Nutshell

Author: Richard J. Pierce,Ernest Gellhorn

Publisher: West Academic

ISBN: N.A

Category: Law

Page: 412

View: 1666

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This authoritative guide presents the reasons behind industry regulation and the legal basis for it. Text discusses calculating rate base and rate of return, cost allocation, and rate design. Added attention is given to many of the new market-oriented forms of regulation, such as service unbundling, equal access to bottleneck facilities, competitive contracting, managed competition in health care, and incentive regulation.

The Law of Clean Energy

Efficiency and Renewables

Author: Michael Gerrard

Publisher: Amer Bar Assn

ISBN: 9781614380085

Category: Law

Page: 642

View: 8447

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Increasing energy efficiency and the use of renewable energy are the most important actions that can be taken to combat climate changes. As a result, the growth of clean energy will likely be one of the major economic engines of the coming decade.

Privatization of Water Services in the United States

An Assessment of Issues and Experience

Author: National Research Council,Division on Earth and Life Studies,Water Science and Technology Board,Committee on Privatization of Water Services in the United States

Publisher: National Academies Press

ISBN: 9780309170765

Category: Science

Page: 164

View: 5487

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In the quest to reduce costs and improve the efficiency of water and wastewater services, many communities in the United States are exploring the potential advantages of privatization of those services. Unlike other utility services, local governments have generally assumed responsibility for providing water services. Privatization of such services can include the outright sale of system assets, or various forms of public-private partnershipsâ€"from the simple provision of supplies and services, to private design construction and operation of treatment plants and distribution systems. Many factors are contributing to the growing interest in the privatization of water services. Higher operating costs, more stringent federal water quality and waste effluent standards, greater customer demands for quality and reliability, and an aging water delivery and wastewater collection and treatment infrastructure are all challenging municipalities that may be short of funds or technical capabilities. For municipalities with limited capacities to meet these challenges, privatization can be a viable alternative. Privatization of Water Services evaluates the fiscal and policy implications of privatization, scenarios in which privatization works best, and the efficiencies that may be gained by contracting with private water utilities.

Risk Principles for Public Utility Regulators

Author: Janice A. Beecher,Steven G. Kihm

Publisher: Michigan State University Press

ISBN: 9781611862058

Category: Business & Economics

Page: 141

View: 9099

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Risk and risk allocation have always been central issues in public utility regulation. Unfortunately, the term “risk” can easily be misrepresented and misinterpreted, especially when disconnected from long-standing principles of corporate finance. This book provides those in the regulatory policy community with a basic theoretical and practical grounding in risk as it relates specifically to economic regulation in order to focus and elevate discourse about risk in the utility sector in the contemporary context of economic, technological, and regulatory change. This is not a “how-to” book with regard to calculating risks and returns but rather a resource that aims to improve understanding of the nature of risk. It draws from the fields of corporate finance, behavioral finance, and decision theory as well as the broader legal and economic theories that undergird institutional economics and the economic regulatory paradigm. We exist in a world of scarce resources and abundant uncertainties, the combination of which can exacerbate and distort our sense of risk. Although there is understandable impulse to reduce risk, attempts to mitigate may be as likely to shift risk, and some measures might actually increase risk exposure. Many of the concepts explored here apply not just to financial decisions, such as those by utility investors, but also to regulatory and utility decision-making in general.

The Economics of Regulation

Principles and Institutions

Author: Alfred Edward Kahn

Publisher: MIT Press

ISBN: 9780262610520

Category: Business & Economics

Page: 559

View: 3367

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As Chairman of the Civil Aeronautics Board in the late 1970s, Alfred E. Kahn presidedover the deregulation of the airlines and his book, published earlier in that decade, presented thefirst comprehensive integration of the economic theory and institutional practice of economicregulation. In his lengthy new introduction to this edition Kahn surveys and analyzes thederegulation revolution that has not only swept the airlines but has transformed American publicutilities and private industries generally over the past seventeen years.While attitudes towardregulation have changed several times in the intervening years and government regulation has waxedand waned, the question of whether to regulate more or to regulate less is a topic of constantdebate, one that The Economics of Regulation addresses incisively. It clearly remains the standardwork in the field, a starting point and reference tool for anyone working in regulation.Kahn pointsout that while dramatic changes have come about in the structurally competitive industries - theairlines, trucking, stock exchange brokerage services, railroads, buses, cable television, oil andnatural gas - the consensus about the desirability and necessity for regulated monopoly in publicutilities has likewise been dissolving, under the burdens of inflation, fuel crises, and thetraumatic experience with nuclear plants. Kahn reviews and assesses the changes in both areas: he isparticularly frank in his appraisal of the effect of deregulation on the airlines.His conclusiontoday mirrors that of his original, seminal work - that different industries need different mixes ofinstitutional arrangements that cannot be decided on the basis of ideology.Alfred E. Kahn is RobertJulius Thorne Professor of Political Economy at Cornell University and Special Consultant toNational Economic Research Associates.

Making Competition Work in Electricity

Author: Sally Hunt

Publisher: John Wiley & Sons

ISBN: 9780471266020

Category: Business & Economics

Page: 450

View: 7055

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An expert's perspective on how competition can make this industry work. There has never been a coherent plan to restructure the electricity industry in the USâ??until now. Power expert Sally Hunt gets down to the critical lessons learned from the California power crisis and other deregulated markets, in which competition has been introduced properly and successfully. Hunt presents sensible solutions to power market reform that have been cultivated over her twenty years of professional work in the industry. Sally Hunt (New York, NY) spent twenty years at National Economic Research Associates, where she was head of NERA's U.S. energy practice and a member of the board. Coauthor of Competition and Choice in Electricity with Graham Shuttleworth (0471957828), she has served as Corporate Economist at Con Edison, Deputy Director of the New York City Energy Office, and Assistant Administrator of the New York City Environmental Protection Administration. Over the years, financial professionals around the world have looked to the Wiley Finance series and its wide array of bestselling books for the knowledge, insights, and techniques that are essential to success in financial markets. As the pace of change in financial markets and instruments quickens, Wiley Finance continues to respond. With critically acclaimed books by leading thinkers on value investing, risk management,asset allocation, and many other critical subjects, the Wiley Finance series provides the financial community with information they want. Written to provide professionals and individuals with the most current thinking from the best minds in the industry, it is no wonder that the Wiley Finance series is the first and last stop for financial professionals looking to increase their financial expertise.

The Prize

The Epic Quest for Oil, Money & Power

Author: Daniel Yergin

Publisher: Simon and Schuster

ISBN: 1471104753

Category: Social Science

Page: 928

View: 2091

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The Prize recounts the panoramic history of oil -- and the struggle for wealth power that has always surrounded oil. This struggle has shaken the world economy, dictated the outcome of wars, and transformed the destiny of men and nations. The Prize is as much a history of the twentieth century as of the oil industry itself. The canvas of this history is enormous -- from the drilling of the first well in Pennsylvania through two great world wars to the Iraqi invasion of Kuwait and Operation Desert Storm. The cast extends from wildcatters and rogues to oil tycoons, and from Winston Churchill and Ibn Saud to George Bush and Saddam Hussein. The definitive work on the subject of oil and a major contribution to understanding our century, The Prize is a book of extraordinary breadth, riveting excitement -- and great importance.

Utility Operations and Grid Systems Explained Simply

Energy Technologies Explained Simply

Author: Mark Fennell

Publisher: Createspace Independent Pub

ISBN: 9781479369775

Category: Science

Page: 124

View: 4184

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Utilities and power grids may seem complex, yet this book will guide you easily through the mysteries. In this book you will learn the basic operations of utilities and the basic operations of grids. You will learn how power is traded in the power markets. You will learn how utilities and grids maintain quality control, including how they monitor the flow of power and how they make adjustments as needed. You will learn how power failures occur and how we can minimize power failures in the future. You will also learn a great deal about the future of power distribution, particularly in the areas of distributed generation and smart grids. No technical background is required; this book will explain everything you need to know about the operation of utilities and power grids in a way that any reader can understand. This book is designed for policy-makers, community activists, and curious citizens. This book is also designed as an essential reference for energy technology students and for anyone working in the electrical power industry. 10.1 Utility Company Operation Basics The first chapter provides an overview of utility operation, focusing on quality control for utilities. This chapter discusses in detail how to ensure that there is enough power to meet demand at any given time. 10.2 Monitoring and Communications Systems The second chapter discusses monitoring and communication systems. This chapter explains the SCADA system, including the components and operation. This chapter also explains the types of translation devices and the options for communication methods. 10.3 Quality Control for Utilities causes, effects, and protection against significant variations for each factor. 10.4 Basic Concepts of Grids Chapter four provides a broad perspective of grids, with further clarification by comparing grids to the highway system. You will learn the possible players in a grid and their roles. You will learn the jobs of the grid manager. A major section of this chapter is where you will learn the advantages and disadvantages of grids, followed by an overview of an ideal grid system. 10.5 Grid Operations In chapter five we go step by step through the sequence of grid operations. By the end of this chapter you will understand the details of grid operation, including several common variations. 10.6 Quality Control for Grids Chapter six discusses grid failures and quality control for grids. In this chapter you will learn how blackouts occur and how we can prevent them. The majority of chapter six provides detailed explanations of how to maintain quality control in any grid system, and thereby prevent power outages. You will learn about reliability oversight organizations such as NERC, FERC, and ERO. You will also learn the major sections of the Energy Policy Act of 2005 (most of which relate to reliability). 10.7 Smart Grids Chapter seven discusses "Smart Grids." There are numerous technologies associated with the term "smart grid," therefore chapter seven begins with an overview of smart grids, followed by an overview of smart grid technologies. Much of this chapter is devoted to the proper and improper uses of smart grid technologies. 10.8 The Future of Electrical Distribution The final chapter discusses the future of electrical distribution. This is a very important chapter because the paths we take when developing power distribution systems will affect our safety, reliability, and economic security for many years. Therefore, this chapter explains the visions for the future of electrical distribution, followed by detailed descriptions. This chapter also discusses some additional features which are valuable for the ideal future of electrical distribution.

Antitrust Paradox

Author: Robert H. Bork

Publisher: Free Press

ISBN: 9780029044568

Category: Law

Page: 479

View: 5452

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Since it first appeared in 1978, this seminal work by one of the foremost American legal minds of our age has dramatically changed the way the courts view government's role in private affairs. Now reissued with a new introduction and epilogue by the author, this classic shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses. Robert Bork's view of antitrust law has had a profound impact on how the law has been both interpreted and applied. The Antitrust Paradox illustrates how the purpose and integrity of law can be subverted by those who do not understand the reality law addresses or who seek to make it serve unintended political and social ends. - Back cover.

Abuse of Dominant Position: New Interpretation, New Enforcement Mechanisms?

Author: Mark-Oliver Mackenrodt,Beatriz Conde Gallego,Stefan Enchelmaier

Publisher: Springer Science & Business Media

ISBN: 3540699651

Category: Political Science

Page: 204

View: 5900

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As part of its review of competition law that started in the late 1990s, the European Commission proposes to revise its interpretation and application of the Treaty’s prohibition of abuses of dominant positions. Also, it has instigated a debate about the promotion of private enforcement of EC competition law. On the former subject, the Commission published a Discussion Paper in 2005; on the latter, a Green Paper in 2005, followed by a White Paper in 2008. The chapters in this volume critically appraise the Commission’s proposals, including the most recent ones. The authors also highlight the repercussions of the proposed ‘more economic approach’ to abuses of dominant positions on private litigants’ opportunities to bring damages actions in national courts for such abuses.