October 8, 2007

The Regulatory Compact and Its Consequences for Innovation

Lynne Kiesling The regulatory policies of the past century in the electricity industry have enshrined the regulatory compact: in return for being granted a monopoly franchise with legal entry barriers, the regulated utility assumed an obligation to serve all customers in their service territory who desired service. The compensation received for this bargain is an …

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Nuclear Energy’s Rebirth: Good Economics, Some Environmental Credentials, and Great Subsidies

Michael Giberson It seems I may have left off a critical point in my comment on regulation and the apparent rebirth of nuclear power. Following the insightful commentary in Loren Steffy’s column in the Houston Chronicle, I highlighted that in many cases stockholders would assume the risks of cost overruns or poor performance, rather than …

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