Time filter

Source Type

Costello K.W.,National Regulatory Research Institute NRRI | Hemphill R.C.,Commonwealth Edison
Electricity Journal | Year: 2014

The context may have changed, but the notion of a death spiral refuses to die: these authors wrote about it 27 years ago. However, the current Cassandras may be overstating the severity of the problem and underestimating the policy options open to utilities and regulators to reverse a temporary unstable situation. Their predictions seem rigidly grounded on tacit assumptions that utilities are inert in responding to a more competitive environment. It is more likely utilities will work with their regulators to avoid serious financial problems while promoting efficient competition that serves the public interest. © 2014 Elsevier Inc.


Costello K.,National Regulatory Research Institute NRRI
Electricity Journal | Year: 2013

In recent years, electric utilities have petitioned their state public utility commissions and lobbied state legislatures for 'innovative ratemaking mechanisms' that deviate from traditional ratemaking practices. Electric utilities have expanded their use of nontraditional ratemaking mechanisms to include different cost trackers for a large number of utility activities, revenue decoupling, formula rates, and surcharges for new investments. © 2013 Elsevier Inc.


Costello K.W.,National Regulatory Research Institute NRRI
Electricity Journal | Year: 2015

Historically, distributed generation in most U.S. jurisdictions was a marginal issue that did not require proactive regulatory action. With the increased growth of DG, largely motivated by carbon concerns, improved economics and substantial subsidies, the issues associated with DG are no longer on the edge. They demand bold regulatory actions that are aligned with the public interest. © 2015 Elsevier Inc.


Costello K.,National Regulatory Research Institute NRRI
Electricity Journal | Year: 2014

CHP, also known as cogeneration, is an integrated energy technology that produces both electricity and useful thermal energy with a single source of fuel. While CHP faces several state regulatory barriers, not all, and perhaps only a few, require a regulatory response. One option for consideration by policymakers is to focus on market/regulatory failures rather than to subsidize CHP as a second-best policy - for example, by offering 'equal' subsidies across competing technologies. This course of action would likely drive CHP investments toward the socially optimal level. © 2014 Elsevier Inc.


Costello K.,National Regulatory Research Institute NRRI
Electricity Journal | Year: 2014

Ratemaking is as much an art as a science, requiring regulators to impute their subjective values and judgment in decision-making. Analysts can still play an important role by providing regulators with vital information on the inevitable tradeoffs among the various objectives that they assign to ratemaking. © 2014 Elsevier Inc.

Loading National Regulatory Research Institute NRRI collaborators
Loading National Regulatory Research Institute NRRI collaborators