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Fundamentals of Energy Regulation (2nd ed.)

Topics covered include:

- Coverage of emerging economic issues associated with restructured electric energy and capacity markets;

- Discussions of recent U.S. and international case law affecting the natural gas and electric industries;

- Examination of cost recovery in a competitive environment, and the prudent investment standard;

- Managing the transition to market competition;

- Expanded coverage of electric system reliability issues, including RTO/ISO operations, day-ahead and real-time electric markets, FERC Order 2000, and transmission congestion;

- Expanded coverage of international energy regulatory issues and government takings, including the importance of regulatory asset accounting;

- Expanded discussion of natural gas pipeline rate setting methods, market-based rate “discounting,” pipe-on-pipe competition and the growing importance of shale gas;

- Updated discussion of renewable energy and environmental issues;

- Discussion of DoJ’s and FERC’s new horizontal merger guidelines

Details and Features:

AUTHORS: JOHNATHAN LESSER, PH.D and LEONARDO R. GIACCHINO, PH.D

ISBN: 978-0-910325-33-2

7 x 10 inches
Hard cover
466 pages

(c) 2013

Reviews tab:

A full review from Channing Strother in Energy Law Journal is available to read here (© 2014 Energy Law Journal).

Table of Contents:

Part I: Principles
Chapter 1: A Brief History of Electric and Natural Gas Regulation
Chapter 2: Economic Concepts of Regulation
Chapter 3: The Role of the Revenue Requirement
Chapter 4: Alternative Regulatory Structures
Chapter 5: Cost Measurements
Chapter 6: Cost Allocation
Chapter 7: Rate-Setting Principles and Procedures
Chapter 8: Rate and Tariff Adjustment Mechanisms
Part II: Extensions and Applications
Chapter 9: Market Power in the Electric and Natural Gas Industries
Chapter 10: Dealing With Uncertainty
Chapter 11: Environmental Regulation of the Energy Industry
Chapter 12: Energy Markets and Electric System Reliability
Chapter 13: Regulation and Reform in International Markets

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