Why the Transmission Network as Presently Planned will not Provide the Efficient, Economic and Reliable Service that the Public Wants

Managing Enterprise Risk: What the Electric Industry Experience Implies for Contemporary Business

Volumn , Issue , 2006, Pages 43-63

  Hyman, Leonard S ^a  

^a RJ Rudden Associates   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 77953359001     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1016/B978-008044949-4/50037-4     Document Type: Chapter

References (43)

1. Federal Energy Regulatory Commission Promoting Wholesale Competition Through Open Access Non-discriminatory Transmission Services by Public Utilities and Transmitting Utilities, Final Rule, Docket Nos. RM 95-8-000 and RM 94-7-001, Order No. 888 April 24, 1996.
2. Awerbuch Shimon, Hyman Leonard S., Vesey Andrew Unlocking the Benefits of Restructuring: A Blueprint for Transmission 1999, 4. Public Utilities Reports, Vienna, VA.
3. Federal Energy Regulatory Commission Regional Transmission Organizations, Final Rule, Docket No. RM 99-2-000, Order 2000 December 20, 1999.
4. Awerbuch, Hyman and Vesey, ibid.
5. Federal Energy Regulatory Commission Remedying Undue Discrimination through Open Access Transmission Service and Standard Electricity Market Design, Notice of Proposed Rulemaking, RM 01-12 July 31, 2002.
6. Federal Energy Regulatory Commission Proposed Pricing Policy for Efficient Operation and Expansion of Transmission Grid, Docket No. PL 03-01-000 January 15, 2003.
7. Federal Energy Regulatory Commission White Paper Wholesale Power Market Platform April 28, 2003.
8. Hyman Leonard S. A Financial Postmortem: Ten Years of Electricity Restructuring. Public Utilities Fortnightly November 15, 2003, 13-14.
9. Diamond Mitchell Prometheus Unbound-Electricity in the Era of Competition. Presented at Smith Barney Energy Conference February 7, 1997.
10. Amin Massoud Security & Resilience of Energy Infrastructure. presentation to Energy 2003 Exposition Aug. 17-20, 2003.
11. Rassenti Stephen J., Smith Vernon L., Wilson Bart J. Using Experiments to Inform the Privatization/ Deregulation Movement in Electricity. Presented at IFREE Academic Presentation May 5, 2001.
12. Fama James Transmission Investment. Presented at INFOCAST Transmission Summit January 28, 2004.
13. Gellings Clark What Investment Will Be Needed to Enable a Fully Functional Power Delivery System. Presented at INFOCAST Transmission Summit January 28, 2004.
14. Hogan William W. Electricity Transmission Investment: Theory and Practice. Presented at INFOCAST Transmission Summit January 28, 2003.
15. FERC Pushes Ahead Despite Stiff Resistance. EEnergy Observer January 2004, 7.
16. Reader's Digest Oxford Complete Wordfinder 1996, 747. Reader's Digest, Pleasantville, NY.
17. Reader's Digest Oxford Complete Wordfinder 1996, 409. Reader's Digest, Pleasantville, NY.
18. Averch Harvey, Johnson Leland Behavior of the Firm under Regulatory Constraint. American Economic Review December 1962, 52:1053-1069.
19. Clair Wilcox Public Policies Toward Business 1960, 558. Richard D. Irwin, Homewood, IL, For a more recent discussion, see.
20. Awerbuch Hyman, Vesey Unlocking the Benefits of Restructuring: A Blueprint for Transmission 1999, 23-24. Public Utilities Reports, Vienna, VA.
21. Chantler Philip The British Gas Industry: An Economic Study 1938, See, Manchester University Press, Manchester.
22. Bussing Irvin Public Utility Regulation and the So-Called Sliding Scale 1936, Columbia University press, NY.
23. Smith Adam An Inquiry into the Nature and Causes of the Wealth of Nations 1937, 14. Modern Library, NY.
24. Awerbuch Hyman, Vesey Unlocking the Benefits of Restructuring: A Blueprint for Transmission 1999, 149. Public Utilities Reports, Vienna, VA.
25. Hyman Leonard S. The Next Big Crunch: T&D Capital Expenditures 2003, For a discussion, see, R.J. Rudden Associates.
26. Kahn Alfred E. The Economics of Regulation: Principles and Institutions 1971, Vol. II:325-326. John Wiley & Sons, Santa Barbara, CA.
27. Treacy Michael, Wiersema Fred The Discipline of Market Leaders 1995, 5. Addison-Wesley, Reading, MA, (uncorrected page proof).
28. Hyman Leonard S. Investing in the 'Plain Vanilla' Utility. Energy Law Journal 2003, 24(1):1-32.
29. Hyman Leonard S. A Financial Postmortem: Ten Years of Electricity Restructuring. Public Utilities Fortnightly November 15, 2003, 10-15.
30. Smith Vernon L., Kiesling Lynne Demand, Not Supply. The Wall Street Journal August 20, 2003, Opinion page.
31. EPRI Electricity Sector Framework for the Future August 6, 2003, Electric Power Research Institute, Palo Alto.
32. Awerbuch, Hyman and Vesey, op. cit.: EPRI, op. cit.; Hyman. "The Next Big Crunch," Amin. op. cit.
33. Hyman, "The Next Big Crunch.".
34. Amin, op. cit.
35. Reader's Digest Oxford Complete Wordfinder 1996, 1270. Reader's Digest, Pleasantville, NY.
36. Reader's Digest Oxford Complete Wordfinder 1996, 1269. Reader's Digest, Pleasantville, NY.
37. Terhune Harry Transmission Planning and Reliability. Presented at EEI Transmission Business School June 23-26, 2003, 9.
38. Sally Hunt Value of lost load estimated at $2000-5000 per mWh. Making Competition Work in Electricity 2002, 102. John Wiley & Sons, NY.
39. EPRI Electricity Sector Framework for the Future August 6, 2003, Vol. I:40. Electric Power Research Institute, Palo Alto.
40. Market Design Number of bottlenecks from Shmuel Oren. Presented to EEI Transmission School June 23-26, 2003.
41. For calculations, see Hyman, "The Next Big Crunch.".
42. More than 40 years ago, economist Clair Wilcox wrote that ".. regulation has shown little interest .. in the promotion of efficiency .. The hand of regulation has been lax. Operating expenses have not been tightly controlled.. Facilities have been overpriced." And that was written before the skyrocketing costs in the subsequent two decades.
43. "Empirical evidence indicates that firms under partial PBR [performance index regulation] gain no more efficiency than firms under traditional ROR [rate of return regulation]".