FERC delays SMD implementation until Congress passes an energy bill. I’ve got enough problems with the SMD as currently articulated that I think this is probably a good thing. I’m also firmly in the “given the proposed bills, having no energy bill is better than either” camp. But the bureaucratic rigamarole that stifles meaningful, dynamic change that lots of folks are interested in and willing to make is a true, real, painful cost.

Sometimes I think James Madison was a genius, and sometimes I really, really want to tell him off.