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Friday, November 13, 2020 | History

2 edition of Transition-cost issues for a restructuring U.S. electricity industry. found in the catalog.

Transition-cost issues for a restructuring U.S. electricity industry.

Lester Baxter

Transition-cost issues for a restructuring U.S. electricity industry.

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  • 30 Currently reading

Published by Oak Ridge National Laboratory in Oak Ridge, TN .
Written in English


The Physical Object
Pagination89 p. : ill.
Number of Pages89
ID Numbers
Open LibraryOL17590488M

restructured the electric industry, by new incentive regulation The unanimous passage of restructuring legislation, which [Taxpayer] advocated, placed [State] in the forefront of a national movement offering customer choice among electricity suppliers. For [Taxpayer], the . Number 1, 2, & 4 distillate, diesel, and fuel oil sales by end-use (U.S., PADD & state) Number of coal miners by mine type and union status (U.S., coal region & state) Number of coal mines and production (U.S. and state) Number of electricity customers (see Electricity customers; U.S., state and county) Number of reactors, U.S. Cost of Service Regulation in the Investor-Owned Electric Utility Industry: A History of Adaptation vii Executive Summary This paper examines the history of cost of service regulation in the investor-owned electric utility industry. Its purpose is to provide perspective on the issues facing utilities, their customers, and their regulators today. Electricity Restructuring: A Case Study in Government Regulation the restructuring of the electric industry through deregu-lation promises more competition and with it lower prices and more profits. However, the new competitive environment will come only after experiencing a address social issues such as subsidizing lower income.

  RIYADH, Saudi Arabia, Nov. 17, /PRNewswire/ -- A press conference was held on Monday 16 th November , organized by Saudi Arabia's Ministry of Energy, to announce sweeping electricity.


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Transition-cost issues for a restructuring U.S. electricity industry. by Lester Baxter Download PDF EPUB FB2

T TRANSITION COSTS IN THE ELECTRICITY INDUSTRY: A SUMMARY OF ISSUES Lester Baxter, Eric Hirst, and S tanton Hadiey Oak Ridge National Laboratory October INTRODUCTION Progress is evident on several fionts as the restructuring debate in the U.S.

electricity industry Author: L. Baxter, E. Hirst, S. Hadley. Due to the close relationship between restructuring and its financial consequences, FERC's final rule addressed both 2Unlike the first three categories, the costs in this last category are cur- rent, not sunk.

Strategies to address transition costs in a restructuring electricity industry: L Baxter et al. issues (FERC, a).Cited by: 4. Federal and state proposals to deregulate electricity generation sparked a national debate on transition costs in the electric-utility industry. Industry-wide transition cost estimates range from about $20 billion to $ billion.

Such disparate estimates raise important questions on estimation methods for decision makers. Major Issues in Restructuring the U.S.

Electricity Sector. Let me now turn to some of the major institutional issues that arise as the United States endeavors to implement regulatory and structural reforms aimed at creating a more competitive market for the generation of electricity, shrinking the domain of price and entry regulation and reforming the regulation of residual monopoly services.

Introduction and Overview. Throughout most of the 20 th century, electricity in the U.S. was commonly supplied by vertically integrated regulated utilities controlling the generation (power plants), transmission (high voltage power lines) and distribution (lower voltage lines) of power in well-defined service territories.

Through cost of service regulation, state regulators set retail rates. The U.S. Department of Energy's Office of Scientific and Technical Information Different approaches to estimating transition costs in the electric- utility industry (Technical Report) | skip to. Electric-Industry Policy Studies Group at Oak Ridge National Laboratory.

They have written extensively on transition costs and other industry restructuring issues. Work reported here was sponsored by the Office of Utility Technologies, Office of Energy Efficiency and Renewable Energy, U.S. HeinOnline -- 33 Tulsa L.J. ] ELECTRICITY RESTRUCTURING: A CASE STUDY not correct the market imperfection it intended Transition-cost issues for a restructuring U.S.

electricity industry. book fIx (Le. regulatory costs are greater than projected benefIts), when non-market goals are not satisfIed (e.g.

Cambridge Core - Natural Resource and Environmental Economics - Electricity Restructuring in the United States - by Steve Isser. Electricity restructuring in the s ended the era of vertically integrated monopolies in many states, allowing nonutility generators to sell electricity to utilities and, in fewer states, allowing retail service providers to buy electricity from generators and sell to end-use customers.

We review the economic arguments for restructuring and the resulting effects in subsequent years. Electric Industry Restructuring in the ’s By the early s it was becoming apparent that electric industry regulatory approaches were not working. IRP was successful in holding rate increases in check & stimulating consumer choice, but the process was highly adversarial, time consuming, & expensive.

On January 1, the restructuring of California's electric industry will begin and the traditional role of a single utility providing all electrical services (i.e., power generation, transmission and distribution) will end. This change will have a significant impact on California's three investor owned utilities (Pacific Gas and Electric (PG&E).

Lester Baxter, Eric Hirst, and Stan Hadley Lester Baxter, Eric Hirst, and Stan Hadley are researchers in the Electric-Industry Policy Studies Group at Oak Ridge National Laboratory. They have written extensively on transition costs and other industry restructuring issues. electricity sector restructuring and politicians in several U.S.

states that introduced comprehensive reforms prior to are now calling for “re-regulation.” During the last 25 years most developed countries have also gone through reasonably comprehensive privatization, restructuring and deregulation programs.

The Electric Customer Choice and Competition Act of (“ Act”) restructured Maryland’s electric industry by deregulating generation supply and pricing in the retail electricity market. The Act required traditional vertically integrated electric utilities that. Eric Hirst's research works with 1, citations and 2, reads, including: Least Cost Planning lbnl The U.S.

Electricity Industry after 20 Years of Restructuring Severin Borenstein and James Bushnell September Revised version in Annual Review of Economics,7 Energy Institute at Haas working papers are circulated for discussion and comment purposes.

They have not been peer-reviewed or been subject to review by any editorial board. electricity prices. Modern restructuring efforts in the U.S. electricity industry began in with the first Energy Policy Act, which allowed non-utility generators and marketers to compete in the same nascent wholesale markets as traditional vertically-integrated utilities.

The Downloadable. The electricity supply industry is highly capital-intensive, whose success depends critically upon the management of its investment. In most developing countries investment is poorly managed, poorly maintained, and often inadequate.

Inadequate regulation or political control lead to low prices that undermine the finance of investment and give poor incentives for management and. utilities, which make up about three-quarters of the electricity-generating industry.

Electricity is also produced by publicly owned, cooperatively owned, and federal power entities. Restructuring the electricity industry may have an impact on those entities if their consumers are also allowed to choose alternative suppliers.

Lesson 6 - Restructuring and Deregulation in the Electric Power Industry Lesson 7 - Economic Challenges in the Integration of Renewable Resources Lesson 8 - Basic Accounting. The purpose of this study is to examine the issues associated with electric power deregulation and restructuring for their potential impact on small business.

Opportunities for customer cost savings are similar to those in other recently deregulated industries such as airlines and other transportation, long distance telephone, and natural gas. industry observers also expect the occurrence of more electric/natural gas mergers similar to the following examples of transactions completed and announced in • Completed: o June (announced June ) — Wisconsin Energy Corp.

and Integrys Energy Group. McConkey (Flathead Electric Cooperative). The report addresses conditions and events through January, It has two main parts, a Summary Overview and a Background section, followed by several appendices that provide a list of TAC members, a list of suppliers licensed to sell electricity in Montana, a synopsis of restructuring in each of.

ELECTRIC-INDUSTRY POLICY STUDIES Here is a partial list of recent ORNL publications, including several earlier ones on Ancillary Services: L.

Baxter, E. Hirst, and S. HadleyTransition-Cost Issues for a Restructuring U.S. Electricity Industry, ORNL/CON, March. Simply put, electric utility restructuring is the process of establishing the ground rules for how electricity will be generated, bought, and sold for the next 20 to 50 years.

Because the industry is so large, restructuring the power industry, in effect, amounts to restructuring the entire economy. ic rationales behind restructuring the industry, only that such rationales do not get much play in the public discussions of these reforms. Deregulation or restructuring has the poten-tial to produce gains in three broad sectors of the electric util-ity industry: operations, investment, and consumption.

Applying the uprated average hourly wage rate for restaurant and catering establishment managers and proprietors of £ to the number of menu items per business and time taken per recipe, we have estimated that the total cost of calculating energy values is £ 7: Transition costs associated with calculating energy valuesNo.

of businesses** This is the total number of businesses. Electricity Regulation in the US: A Guide • Second Edition Operating Expenses Tax Issues Treatment of Carrying Costs During Construction Summary: The Revenue Requirement 9. Fundamentals of Rate Regulation: Allocation of Costs to Customer Classes.

61 Embedded vs. Marginal Cost of Service Studies Electricity deregulation in more than a dozen states means retail customers can shop around for the best deals on power. Photo: Steve Hockstein/Bloomberg News Nov. 13, pm ET. Introduction.

Electric!restructuring!swept!through!New!England!in!the!late!s!near!the!endof!aperiodof!broad. interestin!deregulatinganumberofeconomicsectors. Electric Restructuring in New England – A Look Back December Prepared for New England States Committee on Electricity (NESCOE) By: Reishus Consulting, LLC Executive Summary State policymakers expressed a number of rationales in s to support the adoption of electric retail restructuring at the time, in some cases explicitly stating their goals in the [ ].

The U.S. electric utility industry was a target of restructuring efforts during the s. The federal government and individual states sought to lower prices in the industry through the introduction of market-based incentives and the relaxation of rules limiting market participants.

Yet, despite the increase of available solar energy over the past 10 years, solar still only accounts for % of total energy used in the U.S. Solar power also trails hydropower, biomass, and.

The U.S. Department of Energy (DOE) maintains a site on Electricity that includes, among many other resources, a site that gives the Status of Electricity Restructuring by State. Created by U.S. electric utilities inthe Electric Power Research Institute (EPRI) is a large research consortium linked to a global network of technical.

The provision of electricity in the United States is undergoing significant changes for a number of reasons. The implications are unclear. The current level of discussion and debate surrounding these changes is similar in scale to the discussion and debate in the s on the then-major issue of electric industry restructuring, both at the.

COMPARISON OF SELECTED ELECTRIC RESTRUCTURING LEGISLATION (Revised July 9, ) Start Date of Retail Competition. Nevada A.B. J Customers may begin obtaining generation, aggregation, and any other potentially competitive services from an alternative seller no later than 12/31/99, unless the PUC determines that a different date is necessary to protect the public interest.

As competition in the US electricity industry grows, utilities (and others) worry more about the increases in electricity prices that demand-side management (DSM) programs often cause.

Infossil fuels like coal, natural gas, and petroleum liquids accounted for 67 percent of U.S. electricity generation and 89 percent of installed capacity. Sources: U.S. Department of Energy, Energy Information Administration (EIA) Generation capacity also varies by State and can be dependent upon the availability of the fuel resource.

Electric Industry Restructuring in Five States Final Report Jeffrey M. Fang Prepared for the often referred to as the "Yellow Book." From February to April hearings on the and other parties on restructuring issues. The CPUC issued an interim decision on December 7,setting a new and expanded schedule and.

Abstract: Since the 's, efforts to restructure the electricity industry have received much attention around the world.

To date, approximately twenty states have undergone restructuring to introduce formal markets as a vehicle for electricity transactions. .In addition, PG&E believes distributed generation (DG) is poised to compete with electric distribution service for the customer's business.

2 PG&E's witness testified that DG is an emerging technology which is expected to increase over the next several years as the deregulation of the U.S. electric industry drives demand for distributed. Ap - Frank Wolak, senior fellow at the Stanford Institute for Economic Policy Research, discusses restructuring of the electricity industry in the U.S.