The new age of natural gas: how the regulators brought competition
Article Abstract:
Regulation of the United States gas industry produced shortages, whereas deregulation resulted in lower prices, with prices peaking in 1984. An initiative which helped the industry to recover was Order 380, issued by the Federal Energy Regulatory Commission (FERC) in 1984, followed by further orders which simplified regulations. The market for gas now resembles a perfectly competitive market as described by economic theorists, and the industry is healthier overall.
Publication Name: Regulation
Subject: Law
ISSN: 0147-0590
Year: 1993
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Turning up the heat in the natural gas industry
Article Abstract:
The government can provide better service to consumers and protect consumer rights in the natural gas industry by allowing market forces to initiate industrial competition and by formulating reforms that will deregulate local gas distribution companies. Consumers should have access to various services and rate schemes. Moreover, command-and-control regulations must be replaced by the Performance-Based Regulation model in controlling retail gas prices.
Publication Name: Regulation
Subject: Law
ISSN: 0147-0590
Year: 1996
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Stranded in Sacramento: California tries legislating electrical competition
Article Abstract:
Management has the duty to act as an agent aimed at widening the interests of utility investors. If competition discontinues the bargain, stranding expenditures should be returned to investors equivalent to the expectations held before the competition. In California, owners of uneconomic plants are required to obtain the difference between the book value and the expected revenue to earn in an unregulated market.
Publication Name: Regulation
Subject: Law
ISSN: 0147-0590
Year: 1997
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