Author name: Michael Giberson

Ken Maize’s Energy Blog

Michael Giberson KP readers who come here for our bits of energy policy commentary may also like Ken Maize’s Energy Blog. To get you started, try “Texas sings restructuring blues” or “Across the pond: Lights out in Europe.”

Regulating Hedge Funds

Michael Giberson At Marginal Revolution, Tyler Cower links to a year-old paper asking and trying to answer the question: Should hedge funds be regulated? [PDF] Generally the authors dismiss consumer protection reasons for hedge fund regulation, but do express some concern over systemic risk. (Systematic risk explained via Wikipedia; here is an NBER paper saying …

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Transplant Group Slow to Discipline Poor Quality Transplant Centers

Michael Giberson An L.A. Times story reports on the struggles of the United Network for Organ Sharing to oversee its member organizations, a job it seems not to pursue too energetically. The little-known organization that oversees the nation’s organ transplant system often fails to detect or decisively fix problems at derelict hospitals — even when …

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Allegations of Gas Market Manipulation in Texas Don’t Impress

Michael Giberson A detailed investigative report published last month by industry newsletter Inside FERC’s Gas Market Report suggests that a Texas intrastate gas pipeline company may have systematically attempted to manipulate spreads between physical and financial gas contracts trading at the Houston Ship Channel pricing point. The intrastate gas transportation market in Texas is lightly …

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Illinois State Legislators Say “Freeze”

Michael Giberson As the fine folks at the Energy Legal Blog report: Illinois Considers Continuation of Retail Rate Freeze. Back in 1997, Illinois politicians cooked up the Illinois Electric Service Customer Choice and Rate Relief Law, no doubt with ample input from industry and consumers in the state. The law mandated retail rate reductions of …

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