Private Sector Development Blog
Lynne Kiesling Thanks to Brian Micklethwait at the Adam Smith Institute for introducing me to the Private Sector Development Blog at the World Bank. Lots of great market-based development commentary.
Thinking Out Loud About Resource Adequacy
Lynne Kiesling For the past seven years or so, the phrase “resource adequacy” has received increasing attention in electricity policy. The basic idea is this: before the Energy Policy Act of 1992, vertically-integrated utilities met their future regulatory “obligation to serve” mandate through integrated resource planning (IRP). Customers paid fixed, average, regulated retail rates, and …
Wsj Econoblog on Post-katrina Policy
Lynne Kiesling As I mentioned, John Irons and I are this week’s Econobloggers at WSJ Online. It’s free for all readers, and there is also a free discussion area where Journal subscribers and nonsubscribers alike can post their thoughts. I’ll probably have some more running commentary and thoughts here, which I will probably cross-post in …
Greed, and Comfortable Prejudices
Lynne Kiesling Snaps to Mr. S&M for his post on the recently-renamed Adam Smith College, and the student union’s displeasure at being associated with said gentleman because of his support of “greed”. You really must read it to get the full flower of the dry wit. His conclusion, biting as you would expect: Hardly an …
You Tell ’em, Kevin
Lynne Kiesling I’ve been so busy that I’m late to the game, but Kevin Brancato’s reponse to President Bush’s inveighing us to drive less is bang on. Furthermore, Mr. President, I will not pretend that you have legal or moral authority to tell me how much gasoline I may purchase. I will not pretend that …
What Passes for Logic in Utility Finance
Lynne Kiesling NRG is purchasing Texas Genco, a generator largely serving Texas markets: Houston-based Texas Genco is owned in equal parts by affiliates of the Blackstone Group, Hellman & Friedman LLC, Kohlberg Kravis Roberts & Co L.P. and Texas Pacific Group. Texas Genco has a portfolio with more than 13,000 megawatts of generation capacity. It …
Long Day
Lynne Kiesling Howdy … phew! A long day, after a long week last week, in which I didn’t get to write here as much as hoped. Will try to catch up Tuesday. But that may be a challenge, as I am paired with John Irons of Argmax as this week’s Wall Street Journal Econobloggers. We’re …
Professor Sullivan Rocks!
Lynne Kiesling Congratulations to Dennis Sullivan, my former undergrad professor (to whom I owe my undying gratitude for, among other things, having me read Sen’s Paretian liberal paradox argument), who has been named the 2005-2006 Miami University Alumni Association Effective Educator. I concur; he’s been an inspiration to me for (gaack!) decades, both in and …
Adam Smith Lives!
Lynne Kiesling For you KP readers who don’t eat, sleep and breathe electricity policy, this new blog called Adam Smith Lives! might be more to your taste. Written by Sandra Peart, a historian of economic thought, it is a good read that puts a lot of great shape and nuance on the history of economic …
Resource Adequacy, Investment, and Capacity Markets in Electricity
Lynne Kiesling Resource adequacy is the current hot topic in electricity policy. Fueled by the glacially incremental restructuring process in the states and concerns about service reliability in this persistent policy limbo, states and regional system operators have explored a variety of means of providing forward-looking reliability incentives in the absence of the regulatory mandate …
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