Politics

Sean Casten Counters “Backlash Against Competitive Markets”

Michael Giberson Writing at environmental commentary site Grist, Sean Casten (CEO of Recycled Energy Development) takes on a few of the critics of deregulation: In The Karate Kid, Mr. Miyagi advises that “It is good to know karate. It is good not to know karate. It is not good to know a little karate.” With …

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Newspaper Article Presents Dispute Between Pjm and Its Market Monitor

Michael Giberson A story by Peter Behr in today’s Washington Post lays out all the pieces in the dispute between PJM and Joe Bowring, chief of PJM’s market monitoring unit: Federal energy regulators plan to meet today to try to resolve damaging accusations against PJM Interconnection by a key employee who oversees the fairness of …

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Is This Any Way to Do Energy Policy, Part Ii?

Michael Giberson John Podesta, currently president of the Center for American Progress, recently spoke to the National Association of State Treasurers: Continued leadership from state treasurers on global warming will be essential to ensure that we address the scale and urgency of climate risk—and capture the vast economic possibilities that lie ahead as the world …

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CFTC Holds Hearings on Oversight of Energy Trading

Michael Giberson Yesterday, the Commodity Futures Trading Commission held a hearing to discuss whether it should increase oversight of energy trading on currently exempt commercial markets. Interest in the topic was heightened by disclosures related to the Amaranth Advisors LLC blow up last year, when it was determined that Amaranth sought to manipulate the price …

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FERC Issues Report on Demand Response and Advanced Metering

Michael Giberson The Federal Energy Regulatory Commission has released its second annual report on electric power demand response and advanced metering. According to a news release issued on Friday: Demand response and advanced metering programs have grown significantly over the past year, according to a new Federal Energy Regulatory Commission report that charts progress in …

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Epsa Offers Comments on the Cato Electric Power Restructuring Editorial

Michael Giberson EPSA, an industry trade association for independent power generators, has also posted comments in response to the Jerry Taylor and Peter Van Doren editorial on electric industry restructuring. Given that their members are non-utility generators, you can imagine that they wouldn’t be too excited about the Taylor/Van Doren view that vertical integration is …

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Cato’s Jerry Taylor Responds to My Provocation

Michael Giberson Jerry Taylor of the Cato Institute gives a thoughtful response to my criticisms of his editorial in the WSJ (with Peter Van Doren). He identifies two substantive arguments in my criticism and offers rebuttals, then he takes issue with my assertion that the editorial is little more than an implicit defense of the …

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