If I were in charge of electric industry restructuring and regulatory reform: A grim fairy tale

Journal Article · Sun Dec 31 04:00:00 EST 1995 · NRRI Quarterly Bulletin

OSTI ID:381198

Burns, R E

Imagine for a few minutes what it would be like to be made emperor or empress over the current debate on electric industry restructuring. You could cloak yourself with a robe of authority and issue decrees that would be followed. However, a wise ruler would use his or her powers with a light-hand to fashion and move the debate forward. The following shows what I would do if I were emperor {hor_ellipsis}if I were in charge of the electric industry restructuring and regulatory reform. The recommended decrees include: (1) immediate cessation of the debate over retail competition, (2) recognition of the regulatory authority needed in this period, (3) coordination of federal-state actions to achieve a common goal, (4) abandonment of fuel adjustment clauses, rate base, and rate-of-return regulation for the gnerating sector, (5) FERC will recognize that state commissions are not bound by the Sierra-Mobile doctrine, (6) efficiencies achieved from performance-based regulations may be credited against stranded costs, (7) the debate over standed benefits will cease, (8) state commissions will reward utilities for engaging in cost-effective emission reduction, (9) the repeal of PURPA and PUHCA will go forward, and (10) an end to the poolco-bilateral contract debate.

• OSTI ID: 381198
• Journal Information: NRRI Quarterly Bulletin, Journal Name: NRRI Quarterly Bulletin Journal Issue: 4 Vol. 16; ISSN NQBUEK; ISSN 8756-632X
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
DEREGULATION
ELECTRIC POWER INDUSTRY
POWER TRANSMISSION
PUBLIC POLICY
REGULATIONS
US FERC