Michael Giberson XM and Sirius, two satellite radio networks, announced plans to merge yesterday. Amusingly, in the New York Times the story begins with “The nation’s two satellite radio services, Sirius and XM, announced …”, while in the Washington Post leads with ”XM and Sirius, the two satellite radio companies ….” In each case the …
Satellite Radio Merger: Antitrust Law in All Its Splendor to Be Revealed Read More »
Michael Giberson The Fort Worth Star-Telegram reports: Deregulation has resulted in higher electric rates for North Texans, according to a new report. Conducted on behalf of Fort Worth, Dallas, Arlington and about 100 other municipalities, the study concludes that rates offered to customers in deregulated areas of North Texas are higher, on average, than rates …
Are Texans Better Off Because of Power Industry Restructuring? Read More »
Michael Giberson A game for fans is finding new fans for the game of football. A Washington Post story reports that the realism packed into EA Sports’ Madden NFL games has helped recruit a new wave of fans. I was going to make some observation about unintended consequences, but the article beat me to it: …
Keepin’ It Real: Realistic Football Videogame Wins Fans for Nfl Read More »
Michael Giberson Last week the The New York Times printed a letter to the editor by Bronko Terzic responding to the most recent of the paper’s power markets restructuring articles. (Lynne and I have previously commented on the article.) Terzic writes: There is a big difference in saying that electricity markets are not working because …
Are We Better Off Because of Power Industry Restructuring? Read More »
Michael Giberson Falling gasoline prices in the few months before the recent U.S. election led some observers to conclude that the oil industry (or possibly the Bush administration) was cutting prices in an effort to manipulate election results. I’m skeptical, but now a pair of economists have done some related analysis and found some support …
Gasoline Price Manipulation for Political Gains? Read More »
Michael Giberson It is a delicate situation, trying to serve the power needs of some of the nation’s most powerful and well-connected people, but that’s the job that Dominion Power has in serving load in the Northern Virginia suburbs of Washington, DC, and surrounding areas. Population is growing in Northern Virginia, as is the size …
Powerful Opportunity for Demand Response in Northern Virginia Read More »
Michael Giberson CERA analyst Peter M. Jackson tackles “peak oil” theories. Jackson said: Oil is too critical to the global economy to allow fear to replace careful analysis about the very real challenges with delivering liquid fuels to meet the needs of growing economies. This is a very important debate, and as such it deserves …
Michael Giberson New York Times reporter David Cay Johnston is back with another article on electric power restructuring, and — surprise — it is not awful. Unlike the confused mess of an explanation he offered in the first article of the series in October, this one is coherent. We are warned about the “dangers” of …
Michael Giberson Texas state agencies spend as much as $50 million a year too much for electricity because they haven’t taken the government’s own advice to shop around. … So the state’s Council on Competitive Government this year hired electricity consultant LPB Energy of Dallas to help agencies find lower rates. The council expects the …
Texas State Government Takes Own Advice, Goes Energy Shopping Read More »
Michael Giberson Repeal of the Depression-era Public Utilities Holding Company Act of 1935 was widely expected to produce a kind of merger mania, as antiquated restrictions were stripped away and true wheelin’ and dealin’ could begin. There were dire prognostications of the nation’s utilities growing into multi-state powerhouses and eventually rolling up into four or …
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