Fundamentals of Energy Regulation (2nd ed.)

Topics covered include: - Coverage of emerging economic issues associated with restructured electric energy and capacity markets; - Discussions of recent U.S. and international case law affecting the natural gas and electric industries; - Examination of cost recovery in a competitive environment, and the prudent investment standard; - Managing the transition to market competition; - Expanded coverage of electric system reliability issues, including RTO/ISO operations, day-ahead and real-time electric markets, FERC Order 2000, and transmission congestion; - Expanded coverage of international energy regulatory issues and government takings, including the importance of regulatory asset accounting; - Expanded discussion of natural gas pipeline rate setting methods, market-based rate “discounting,” pipe-on-pipe competition and the growing importance of shale gas; - Updated discussion of renewable energy and environmental issues; - Discussion of DoJ’s and FERC’s new horizontal merger g