Lynne Kiesling Sorry for the radio silence; all of the things I’d like to write right now take more mental bandwidth than I can spare. I have literally been mentally composing a post on something for more than four months, but I haven’t had the mental space to think it through enough. Time for the …
Lynne Kiesling The following is a post I wrote in March 2004 about the regular, annual, seasonal rise in gasoline prices that always occurs at this time of year. I am reposting it here because it generally still applies, and I am inserting some updated comments in bold below. Being systematic, here are the primary …
Michael Giberson David Warsh, in a round-up of items at Economic Principals, draws attention to a working paper by Ross Miller with the unlikely title of Stansky’s Monster: A Critical Examination of Fidelity Magellan’s “Frankenfund”. Warsh calls it “a good financial mystery story” and a “lucid and amusing (and important) detective story” with a “thumping …
Lynne Kiesling On Wednesday the North Carolina Utilities Commission approved one of two new power plants for construction by Duke Energy. Duke Energy Corp. may build only one 800-megawatt coal-fired generator at its aging facility in western North Carolina, not the two the utility has sought for nearly two years, the state Utilities Commission ruled …
Duke Energy and Energy Efficiency: Nc Commission’s Decision Could Have Been Better Read More »
Lynne Kiesling I am currently in the Harrisburg Airport, awaiting my flight home after having spent the past day at Dickinson College in Carlisle, Pennsylvania. Dickinson College has an interesting history; Philadelphia physician and signer of the Declaration of Independence, Benjamin Rush, founded the college in 1783 as an educational institution to serve as a …
Using Technology and Prices to Empower Electricity Consumers Read More »
Lynne Kiesling TXU is going private. KKR and other private investors will acquire TXU and take it private. This is fascinating. Note from the press release two important things: the focus on environmental attributes of the deal, and $400 million planned for “demand side management”: Planned Coal Units Reduced from Eleven to Three, Preventing 56 …
Txu Going Private: Private Equity Buys Into Competitive Power Markets Read More »
Lynne Kiesling I’m late to the party, but check out this post from Randall Parker at FuturePundit about using nuclear and wind power to meet most of our electricity demand: Most drastically, we could halt all carbon dioxide emissions from electric generation (cutting out a third of US CO2 emissions) by switching to only non-fossil …
Lynne Kiesling I frequently argue that markets provide the most effective institution for coordination of individual economic activity to improve well-being and create growth and prosperity. Market processes aggregate and transmit information among decentralized, distributed agents, enabling them to make decisions in their own individual interest while still (inadvertently) communicating information about their decisions (and …
Michael Giberson There were several bits of competition-related news items in Friday’s Washington Post. Catching my interest were Steven Pearlstein’s column advocating against the XM-Sirius merger (See also Howard Kurtz article from Wednesday and Rob Pegoraro’s tech column on Thursday) and a story on the passage of a bill by the Virginia state legislature that …
Lynne Kiesling The Chicago Cubs will buy their power from Constellation New Energy, a competing retailer in Illinois (as well as several other states). Constellation will purchase the power from generators, transmit it to the local distribution network, where they will pay ComEd to distribute it to 1060 W. Addison St. [Note: technically, because of …
Retail Competition in Electric Power: The Chicago Cubs Go Shopping Read More »
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