1 Economic Regulation under Distributed Ownership : The Case of Electric Power Transmission
نویسندگان
چکیده
This paper argues that the electric power industry must move toward a model in which transmission service is viewed as a commercial activity, a business. The current models of integrated utilities and quasi-public, not-for-profit Independent System Operators have led to a trend of under-investment. The current model of transmission operation divorces ownership and control and, as a not-for-profit corporation, lacks accountability to current and future investors, and is not focused on innovation to meet customers’ needs. If such a model becomes the model of choice for the RTOs required under FERC Order 2000, current trends of anemic investment in transmission will continue.
منابع مشابه
Economic Regulation under Distributed Ownership: The Case of Electric Power Transmission
This paper argues that the electric power industry must move toward a model in which transmission service is viewed as a commercial activity, a business. The current models of integrated utilities and quasi-public, not-for-profit Independent System Operators have led to a trend of under-investment. The current model of transmission operation divorces ownership and control and, as a not-for-prof...
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تاریخ انتشار 2004