Regulating Public Utility Performance

Author: Scott Hempling
Publisher: Amer Bar Assn
ISBN: 1627222928
Release Date: 2013
Genre: Business & Economics

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

Author: Scott Hempling
Publisher:
ISBN: 0989327701
Release Date: 2013-07-01
Genre: Administrative agencies

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.

Energy Utility Rate Setting

Author: Lowell Alt
Publisher: Lulu.com
ISBN: 9781411689596
Release Date: 2006-08-01
Genre: Business & Economics

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.

Regulated Industries in a Nutshell

Author: Richard J. Pierce
Publisher: West Academic
ISBN: STANFORD:36105062035246
Release Date: 1999-01-01
Genre: Law

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.

Public Utilities Second Edition

Author: David E. McNabb
Publisher: Edward Elgar Publishing
ISBN: 9781785365539
Release Date: 2016-10-28
Genre: Business & Economics

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.

The Political Economy of Clean Energy Transitions

Author: Douglas Arent
Publisher: Oxford University Press
ISBN: 9780198802242
Release Date: 2017-04-01
Genre: Business & Economics

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.

Watchdogs and Whistleblowers A Reference Guide to Consumer Activism

Author: Robert N. Mayer
Publisher: ABC-CLIO
ISBN: 9781440830006
Release Date: 2015-07-20
Genre: Business & Economics

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

Risk Principles for Public Utility Regulators

Author: Janice A. Beecher
Publisher: MSU Press
ISBN: 9781628952643
Release Date: 2016-05-01
Genre: Business & Economics

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.

Economic Regulation and Its Reform

Author: Nancy L. Rose
Publisher: University of Chicago Press
ISBN: 9780226138169
Release Date: 2014-08-29
Genre: Business & Economics

The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.

Evolution of Global Electricity Markets

Author: Fereidoon P. Sioshansi
Publisher: Academic Press
ISBN: 9780123979063
Release Date: 2013-06-10
Genre: Science

Get the latest on rapidly evolving global electricity markets direct from the scholars and thought leaders who are shaping reform. In this volume, dozens of world-class experts from diverse regions provide a comprehensive assessment of the relevant issues in today’s electricity markets. Amid a seething backdrop of rising energy prices, concerns about environmental degradation, and the introduction of distributed sources and smart grids, increasingly stringent demands are being placed on the electric power sector to provide a more reliable, efficient delivery infrastructure, and more rational, cost-reflective prices. This book maps out the electric industry’s new paradigms, challenges and approaches, providing invaluable global perspective on this host of new and pressing issues being investigated by research institutions worldwide. Companies engaged in the power sector’s extensive value chain including utilities, generation, transmission & distribution companies, retailers, suppliers, regulators, market designers, and the investment & financial rating community will benefit from gaining a more nuanced understanding of the impacts of key market design and restructuring choices. How can problems be avoided? Why do some restructured markets appear to function better than others? Which technological implementations represent the best investments? Which regulatory mechanisms will best support these new technologies? What lessons can be learned from experiences in Norway, Australia, Texas, or the U.K.? These questions and many more are undertaken by the brightest minds in the industry in this one comprehensive, cutting-edge resource. Features a unique global perspective from more than 40 recognized experts and scholars around the world, offering opportunities to compare and contrast a wide range of market structures Analyzes how the implementation of existing and developing market designs impacts real-world issues such as pricing and reliability Explains the latest thinking on timely issues such as current market reform proposals, restructuring, liberalization, privatization, capacity and energy markets, distributed and renewable energy integration, competitive generation and retail markets, and disaggregated vs. vertically integrated systems

Regulation Versus Litigation

Author: Daniel P. Kessler
Publisher: University of Chicago Press
ISBN: 9780226432182
Release Date: 2011-02-01
Genre: Business & Economics

The efficacy of various political institutions is the subject of intense debate between proponents of broad legislative standards enforced through litigation and those who prefer regulation by administrative agencies. This book explores the trade-offs between litigation and regulation, the circumstances in which one approach may outperform the other, and the principles that affect the choice between addressing particular economic activities with one system or the other. Combining theoretical analysis with empirical investigation in a range of industries, including public health, financial markets, medical care, and workplace safety, Regulation versus Litigation sheds light on the costs and benefits of two important instruments of economic policy.

Making Competition Work in Electricity

Author: Sally Hunt
Publisher: John Wiley & Sons
ISBN: 0471266027
Release Date: 2002-10-01
Genre: Business & Economics

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.

Water Electricity and the Poor

Author: Kristin Komives
Publisher: World Bank Publications
ISBN: 0821363425
Release Date: 2005
Genre: Business & Economics

This book reviews the prevalence and variants of consumer subsidies found in the developing world and the effectiveness of these subsidies for the poor. It places consumer subsidies in a broader social protection framework and compares them with poverty-focused programmes in other sectors using a common metric. It concludes that the most common subsidy instruments perform poorly in comparison with most other transfer mechanisms. Alternative consumption and connection subsidy mechanisms show more promise, especially when combined with complementary non-price approaches to making utility services accessible and affordable to poor households. The many factors contributing to those outcomes are dissected, identifying those that can be controlled and used to improve performance.