Michael Giberson Yesterday, the Commodity Futures Trading Commission held a hearing to discuss whether it should increase oversight of energy trading on currently exempt commercial markets. Interest in the topic was heightened by disclosures related to the Amaranth Advisors LLC blow up last year, when it was determined that Amaranth sought to manipulate the price …
CFTC Holds Hearings on Oversight of Energy Trading Read More »
Michael Giberson Last Friday, New York Attorney General Andrew Cuomo sent subpoenas to five power generating companies seeking to find out if the companies had properly disclosed financial risks associated with proposed new coal-fired power plants. All five of the letters accompanying the subpoenas are available from the NYAG’s website. Here is the opening paragraph …
Michael Giberson Generally we don’t air our dirty laundry in public around here. But that won’t stop me from pointing out that Alex Tabarrok has a good post on the Department of Energy’s energy efficiency standards for washing machines.
Michael Giberson Rebecca Smith has an article on demand response in yesterday’s Wall Street Journal with all the surprise of “dog bites man” headline: “Incentives Prove Powerful.” Reporters don’t generally write headlines, so I guess she’s not to blame. (Oh, I get it, it is supposed to be a clever play on words. You see, …
Michael Giberson “Some of the argument centers on just how smart a smart meter needs to be.” That’s a line out of a story from the Philadelphia Inquirer about smart meters and the upcoming special legislative session on energy beginning in Pennsylvania next week. Governor Ed Rendell is pushing for a retail real-time price option …
Michael Giberson Energy Transfer Partners, the Texas-based company already the target of FERC and CFTC action for allegedly manipulating natural gas markets, is now the target of a private lawsuit for damages asserted to have resulted from ETP’s former trading practices. According to Platts: [The] suit, filed with the US District Court for the Southern …
Natural Gas Futures Trader Files Complaint Against Energy Transfer Partners Read More »
Michael Giberson The Federal Energy Regulatory Commission has released its second annual report on electric power demand response and advanced metering. According to a news release issued on Friday: Demand response and advanced metering programs have grown significantly over the past year, according to a new Federal Energy Regulatory Commission report that charts progress in …
FERC Issues Report on Demand Response and Advanced Metering Read More »
Michael Giberson I just set up a market for predicting the winner of the Women’s World Cup 2007 tournament, which is kicking off in China this weekend and wrapping up on September 30. (Women’s football/soccer.) Took me about 45 or 50 minutes, start to finish. A lot of it was just cut-and-paste team names and …
Michael Giberson EPSA, an industry trade association for independent power generators, has also posted comments in response to the Jerry Taylor and Peter Van Doren editorial on electric industry restructuring. Given that their members are non-utility generators, you can imagine that they wouldn’t be too excited about the Taylor/Van Doren view that vertical integration is …
Epsa Offers Comments on the Cato Electric Power Restructuring Editorial Read More »
Michael Giberson Jerry Taylor of the Cato Institute gives a thoughtful response to my criticisms of his editorial in the WSJ (with Peter Van Doren). He identifies two substantive arguments in my criticism and offers rebuttals, then he takes issue with my assertion that the editorial is little more than an implicit defense of the …
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