Excerpt from the Executive Summary:
In this paper, we present a consumers-eye view of the current regulatory structure of the electric in- dustry, the experience of the past decade of restructuring, and the critical prob- lems facing the industry today. We also propose a series of guiding principles and policy options for protecting the in- terests of electricity consumers, and map out a long-term vision in which a shift to a more balanced mix of cleaner en- ergy options leads to long-term cost sav- ings for consumers.
DESCRIPTION (from Wiley.com)
The Enron scandal notwithstanding, it is important for professionals in the electric power industry and related positions gain a solid understanding of electric power systems and how they work. Written by two veteran power company managers and respected experts, this is a real-world view of electric power systems, how they operate, how the organizations are structured, and how electricity is regulated and priced.
A comprehensive overview of the electric power industry from the inside
Covers electric power system components, electricity consumption, generation, transmission, distribution, electric utility operation, electric system control, power system reliability, government regulation, utility rate making, and financial considerations.
Includes an extensive glossary of key terms used in the U.S. and also definitions for terms used worldwide.
limited retail wheeling experiment could result in two
ironies: (1) Edison may still be required to wheel power to
retail customers, but at rates less likely to be fully
compensatory, and (2) its generation will be more devalued
than it would have been without the suit.