Congressional deadlock means two game-changing Environmental Protection Agency rules are poised to take effect unless a court stops them or the White House weighs in.
The rules will cost electric utilities and their ratepayers billions. But the utility industry itself is split between those that have invested to lower their air pollution ahead of federal regulation and say stricter standards can be met, and those who remain highly coal-dependent and contend the EPA is forcing changes so fast it will endanger electric reliability. Keep reading →
Untangling The New Regulation: AOL Energy Week In Review
By Peter GardettHas the deregulation of the energy industry gone into reverse?
Energy deregulation was a central theme of the 1990s, a trend that swept the developed world as ways to liberate markets were sought out in the wake of seemingly-successful deregulation efforts elsewhere in the economy in the preceding decade. No longer would customers pay out regulated, regular rates to monopoly corporations with lengthy planning timelines and no incentive to cut costs or employees. Creative destruction was the name of the game, and politicians and power regulators got roughly half-way through rewriting the rules of power markets before the implosion of Enron put the brakes on efforts at further deregulation, which have been halting and piecemeal. Keep reading →