The paradox facing the states. [The Energy Policy Act of 1992]
At the very center of the 1992 National Energy Strategy legislation is an enormous paradox. By amending the Public Utility Holding Company Act (PUHCA) to allow easier entry to electric generation markets and assuring new entrants transmission access, Congress has made the economic policy judgement that market forces that already had begun to intrude into the traditionally monopolistic world of electric utilities should be fully unleashed. At the same time, clearly not comfortable with what those market forces would wreak, the Congress imposed a host of new responsibilities on federal agencies and state regulatory commissions alike to alleviate its own discomfort. The result is that while market forces will play a greater role in electricity, there also will be a mandated increase in regulatory activity at both the federal and state level.
- OSTI ID:
- 6572216
- Journal Information:
- Public Utilities Fortnightly; (United States), Vol. 131:1; ISSN 0033-3808
- Country of Publication:
- United States
- Language:
- English
Similar Records
Much ado about section 712. [Energy Policy Act provisions]
H. R. 1543: This Act may be cited as the Comprehensive Energy Policy Act of 1991, introduced in the House of Representatives, One Hundred Second Congress, First Session, March 21, 1991
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POLICY AND ECONOMY
ELECTRIC UTILITIES
LEGISLATION
STATE GOVERNMENT
ENERGY POLICY
COMPETITION
ECONOMICS
MARKET
NATIONAL GOVERNMENT
POWER GENERATION
POWER TRANSMISSION
REGULATIONS
SUPPLY AND DEMAND
GOVERNMENT POLICIES
PUBLIC UTILITIES
293000* - Energy Planning & Policy- Policy
Legislation
& Regulation