Conceptual issues raised by the PECO/Enron dispute
Journal Article
·
· Electricity Journal
- George Washington Univ., Washington, DC (United States)
Enron`s alternative plan for competition in Pennsylvania served notice on the incumbent utility and perceptive regulators that proposals too favorable to incumbents can and will be exposed--potentially with great benefits for consumers and competitors of the incumbent, and to the incumbent`s disadvantage. The author describes the PECO plan, the Enron plan, and the PUC order. The author concludes that Enron`s approach does not fit neatly in either of those conceptual boxes. According to the author it is a better fit in the literature of law and political science than in the literature of economics. The most accurate conceptual characterization of Enron`s approach is as a litigation tactic. It illustrates a method through which a party to a complicated, highly political regulatory proceeding can borrow concepts from economics to transform the political and legal environment in which the dispute is being resolved by exposing the features of a proposed settlement that favor the utility and inhibit competition. As the PECO-Enron story illustrates, such a transformation can be outcome-determinative.
- OSTI ID:
- 290016
- Journal Information:
- Electricity Journal, Journal Name: Electricity Journal Journal Issue: 3 Vol. 11; ISSN ELEJE4; ISSN 1040-6190
- Country of Publication:
- United States
- Language:
- English
Similar Records
Enron`s battle with PECO: An inside view from outside the industry
Mediation and arbitration of environmental disputes: Cost effective alternatives to litigation
Resolution and avoidance of disputes
Journal Article
·
Sat Feb 28 23:00:00 EST 1998
· Fortnightly
·
OSTI ID:585220
Mediation and arbitration of environmental disputes: Cost effective alternatives to litigation
Conference
·
Sat Dec 30 23:00:00 EST 1995
·
OSTI ID:367608
Resolution and avoidance of disputes
Book
·
Sat Dec 31 23:00:00 EST 1983
·
OSTI ID:6425880