The electric power sector operates under an archaic regulatory system that is ill-equipped to oversee a competitive, restructured, regionally-organized industry. This book offers the first systematic discourse on regional aspects of regulatory reform, sharing topical perspectives from leading actors and regional case studies that show how the debate plays out on the ground. It frames the policy debate, applies economic and political theoretical lenses to federalism issues, and outlines options for regulatory reform, modes of cooperation, and an analytical basis for decisions. Most important, it provides a strategic road map for the industry over the coming decade. Contributors include current and former regulators at the State and Federal levels, senior utility executives, leading advocates, government policy makers and academics, including Michael Danielson, Michehl Gent, Kenneth Gordon, Kevin Kelly, Raymond Maliszewski, Richard O'Neill, Jackie Pfannensteil, Mary Sharpe Hayes, Charles Stalon, and many others.

Inhalt

List of Figures Preface and Acknowledgments Introduction: Electricity Meets Federalism by Clinton J. Andrews Topical Perspectives The Debate Over Change: Increasing Competition in the Electric Power Industry by Charles G. Stalon Real planning, Sham Competition, and State Regulation by David R. Wooley and Alfred Cavallo Change in a Federal System: Thinking Politically About American Federalism by Michael N. Danielson A Basis for Allocating Regulatory Responsibilities by Kenneth Gordon and Christopher Mackie-Lewis Options for Regulatory Reform: Planning versus Competition and Incentives: Conflicts, Complements, or Evolution by Kenneth Rose Network Oligopoly Regulation: An Approach to Electric Federalism by Richard P. O'Neill and Charles S. Whitmore Modes of Cooperation: Inter-jurisdictional Economic Cooperation: Regional Power Markets by Kevin A. Kelly Inter-jurisdictional Environmental Cooperation: Regional Emissions Trading by Praveen K. Amar, Michael J. Bradley, and Donna M. Boysen Inter-firm Cooperation: Maintaining Reliability of Electricity Supply by Michehl R. Gent The Analytical Basis for Decisions: Bottom-up Analysis for Utility Decisions: Company, State, and Regional Models by Benjamin F. Hobbs Top-Down: The National Energy Modeling System by Mary J. Hutzler Case Studies and Analysis of Regional Systems Northwest Power Planning Council: Case by Richard H. Watson, Comment by Kenneth Costello New England: Case by Stephen R. Connors, Comment by Barry Solomon American Electric Power Company: Case by Raymond M. Maliszewski, Comment by Jerry Wissman New York: Case by William J. Balet and Charles R. Guinn, Comment by Richard Schuler Pacific Gas & Electric Company: Case by Jackie Pfannenstiel, Steven Kline, and Kathy Treleven, Comment by Lyna Wiggins Tennessee Valley Authority: Case by Mary Sharpe Hayes, Comment by Allan Pulsipher European Community: Case by Francis McGowan, Comment by Richard D. Tabors Regional Diversity: Circumstance or Choice? by Clinton J. Andrews Bibliography Index