NEW!  FUNDAMENTALS OF ENERGY REGULATION, 3d Ed.

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PRINCIPLES OF UTILITY CORPORATE FINANCE

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Selected Briefing Papers

• “Out to Sea: The Dismal Economics of Offshore Wind Power,” Report prepared for the Manhattan Institute.
• “Playing with Fire: California’s Approach to Managing Wildfire Risk,” Report prepared for the Manhattan Institute.
• “Is There a Future for Nuclear Power in the United States?“ Report prepared for the Manhattan Institute.
• “Short Circuit: The High Cost of Electric Vehicle Subsidies,” Report prepared for the Manhattan Institute
• “Missing Benefits, Hidden Costs: The Cloudy Numbers in the EPA’s Proposed Clean Power Plan,” Report prepared for the Manhattan Institute.
• “The Wind Industry: Subsidies Today, Subsidies Tomorrow, Subsidies Forever?” A response to NREL.
• “Economic Analysis of Maryland’s Proposed 40% Renewable Portfolio Standard Legislation,” Report prepared for the Maryland Energy Group.
• “State Subsidization of Electric Generating Plants and the Threat to Wholesale Electric Competition,” Report prepared for the COMPETE Coalition
• “Wind Intermittency and the Production Tax Credit: A High Cost Subsidy for Low Value Power,“ Prepared for the Exelon Corporation
• “The Economic Impacts of Closing the Indian Point Energy Center,” Prepared for the Manhattan Institute for Policy Research
• “The Economic Impacts of Shale Gas Production on Ohio Consumers,” Prepared for the Industrial Energy Users of Ohio
• “Electric Competition at Work: The Link Between Competitive Markets, Job Creation, and Economic Growth,” Report prepared for the COMPETE Coalition. To see the press release, click here.
• “Bad Economics, by Any Other Name, is Still Bad: APPA’s Analysis of Wholesale Electric Competition is Flawed,” CE Briefing Paper, prepared on behalf of the Electric Power Supply Association. To see the EPSA news release, click here.

The Electricity Journal

• “Wind Generation Patterns and the Economics of Wind Subsidies,”Jan/Feb 2013.
• “Renewable Energy and the Fallacy of ‘Green’ Jobs,” August 2010.
• “Public Policy and Private Interests: Why Transmission Planning and Cost-Allocation Methods Continue to Stifle Renewable Energy Policy Goals,” December 2009.
• “The Grass Was Not Greener Under Utility Regulation”, December 2007.
• “Why Restructuring May Lead to More Complex Regulation, Not Less,” July 2002.
• “Regulating Distribution Utilities in a Restructured World,” January 1999.

Public Utilities Fortnightly

• “Opening the Black Box: A New Approach to Utility Asset Management,” January 2014.
• “PV vs. Solar Thermal,” August 2007
• “The Capacity Market Enigma,” December 2005
• “Regulation by Litigation,” October 2004
• “ROE: The Gorilla Is Still at the Door,” August 2004
• “Keys to Transmission and Distribution Reliability,” April 2004
• “DCF Utility Valuation: Still the Gold Standard?” February 2003
• “Distributed Generation: Hype vs. Hope,” June 2002
• “Resource Planning: The Need for a New Approach,” January 2002

Selected Other Journals

• “Regulatory Arbitrage and the FERC Rate Settlement Process,” Journal of Regulatory Economics, March 2017.
• “Gresham’s Law of Green Energy,” Regulation, Winter 2010-11
• “Abandon All Hope? FERC’s Evolving Standards for Identifying Comparable Firms and Estimating the Rate of Return,” Energy Law Journal, April 2009
• “Cap and Trade for Gasoline?” Wall Street Journal, June 2008
• “Design of an Economically Efficient Feed-in Tariff Structure For Renewable Energy Development,” Energy Policy, March 2008
• “Overblown Promises: The Hidden Costs of Symbolic Environmentalism,” Livin’ Vermont, January 2005
• “The Economic Used-and-Useful Test: Its Origins and Implications for a Restructured Electric Industry,” Energy Law Journal, November 2002
• “Electric Utility Restructuring, Regulation of Distribution Utilities, and the Fallacy of ‘Avoided Cost’ Rules,” Journal of Regulatory Economics, 1999
• “Defining Distributed Resource Planning,” The Energy Journal, Special Issue, 1997