Energy markets

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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A Newspaper Peeks at Power Industry and Restructuring

Michael Giberson In what is identified as the “first article of a series,” the New York Times reports that the results of power industry restructuring have disappointed many people. A decade after competition was introduced in their industries, long-distance phone rates had fallen by half, air fares by more than a fourth and trucking rates …

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Making Clean Energy Pay

Michael Giberson The Washington Post headlined a story in today’s edition, “In Ontario, Making ‘Clean Energy’ Pay.” From what I gather reading the article, they have in fact discovered how to make renewable energy pay in Ontario, at least if by “clean energy” you mean “other people’s wallets.” The story kicks off with a solar …

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Does Renewable Energy Require Endless Subsidies?

Michael Giberson A visit to the website of the Renewable Energy Policy Project turned up a link to this article by REPP’s executive director, George Sterzinger, urging that federal tax credits for certain renewable energy technologies be made permanent. Sterzinger complains that it is hard for the renewable energy industry to plan for the long …

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Colorado Wind Power and Regulatory Logic

Michael Giberson I’m having trouble following the logic of the utility regulatory staff in Colorado on the issue of wind power, at least as described in the Denver Post article. Xcel Energy has a popular program through which they sell windpower at a premium to some of their customers — “more than 34,000 Colorado participants …

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Why Anxiety? The NYT Editorializes for Hedge Fund Regulation

Michael Giberson Predictably, in the wake of the Amaranth blow up that became public last week, a few politicians and editorialists are calling for increasing regulation of investment pools. The New York Times, despite laying out a few of the salient facts in the editorial itself and having access to other pertinent information in the …

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