FERC as a Least-cost Electric Regulator: Hearing Before the Subcommittee on Energy Conservation and Power of the Committee on Energy and Commerce, House of Representatives, Ninety-seventh Congress, Second Session, April 23, 1982, Volume 4 |
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Page 14
... operating and investment decisions of utilities . The . time required to prove out a claimed least - cost energy strategy may be long . What appears to be the " least - cost " strategy today may be recognized 10 years from now as the ...
... operating and investment decisions of utilities . The . time required to prove out a claimed least - cost energy strategy may be long . What appears to be the " least - cost " strategy today may be recognized 10 years from now as the ...
Page 15
... operations . " 10 / I think the alternative , which we are actively exploring , is to try to create an environment in which utilities themselves will seek out the " least - cost " alternative rather than substituting our judgment for ...
... operations . " 10 / I think the alternative , which we are actively exploring , is to try to create an environment in which utilities themselves will seek out the " least - cost " alternative rather than substituting our judgment for ...
Page 17
... operating characteristics and service territory . We simply do not have the resources to do this on a regular basis for 200 electric utilities . Even if we did have the resources , I have strong doubts as to the ultimate efficacy of ex ...
... operating characteristics and service territory . We simply do not have the resources to do this on a regular basis for 200 electric utilities . Even if we did have the resources , I have strong doubts as to the ultimate efficacy of ex ...
Page 19
... operating efficiency or to second guess utility managements on a multitude of specific decisions . We have taken initial steps to determine if this second approach can be implemented by FERC . Shortly after I arrived at the Commission ...
... operating efficiency or to second guess utility managements on a multitude of specific decisions . We have taken initial steps to determine if this second approach can be implemented by FERC . Shortly after I arrived at the Commission ...
Page 22
... operating expenses . It appears , however , that a more serious problem may be that current utility regulation discourages them from making capital expenditures that would ultimately result in lower costs and , therefore , lower prices ...
... operating expenses . It appears , however , that a more serious problem may be that current utility regulation discourages them from making capital expenditures that would ultimately result in lower costs and , therefore , lower prices ...
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Common terms and phrases
adjustment clauses alternatives American Electric Power analysis approval Brumley Gap BUTLER capacity capital Chairman cogeneration and small Commission's construction consumers coordination cost-effective customers CWIP decision demand Docket economic Edison efficiency Electric Power electric utilities energy conservation environmental impact Federal Energy Regulatory Federal Power Act FERC staff FERC's FERC's authority hydro hydroelectric implementation incentives interconnection investor-owned issue kilowatt-hour least cost investment load management marginal cost Maulden megawatts need for power operating OTTINGER plants Power Company power marketing power marketing administrations power pools preliminary permit problems proposed project public interest public power systems Public Utility PURPA question rate base rate design rate filing rate increases rate of return rate schedules rate structure regulation reliability revenues sections 211 small hydro small power production Southeastern Power Administration Subcommittee tion transmission utility's wheeling order wholesale rate X X X
Popular passages
Page 395 - That the project adopted, including the maps, plans, and specifications, shall be such as in the judgment of the Commission will be best adapted to a comprehensive plan for improving or developing a waterway or waterways for the use or benefit of interstate or foreign commerce, for the improvement and utilization of waterpower development, and for other beneficial public uses, including recreational purposes...
Page 130 - For the purpose of assuring an abundant supply of electric energy throughout the United States with the greatest possible economy and with regard to the proper utilization and conservation of natural resources...
Page 83 - public interest, as thus used is not a concept without ascertainable criteria, but has direct relation to adequacy of transportation service, to its essential conditions of economy and efficiency, and to appropriate provision and best use of transportation facilities, questions to which the Interstate Commerce Commission has constantly addressed itself in the exercise of the authority conferred.
Page 81 - ... the transmission of electric energy in interstate commerce and the sale of such energy at wholesale in interstate commerce...
Page 130 - Congress, it is hereby declared that the business of transporting and; selling natural gas for ultimate distribution to the public is affected with a public interest, and that Federal regulation in matters relating to the transportation of natural gas and the sale thereof in interstate and foreign commerce is necessary in the public interest.
Page 339 - Interior, who shall transmit and dispose of such power and energy in such manner as to encourage the most widespread use thereof at the lowest possible rates to consumers consistent with sound business principles, the rate schedules to become effective upon confirmation and approval by the Federal Power Commission.
Page 418 - Act shall be for the sole purpose of maintaining priority of application for a license under the terms of this Act for such period or periods, not exceeding a total of three years, as in the discretion of the commission may be necessary for making examinations and surveys, for preparing maps, plans, specifications, and estimates, and for making financial arrangements.
Page 342 - Commission, that such rates — (A) are sufficient to assure repayment of the Federal investment in the Federal Columbia River Power System over a reasonable number of years...
Page 130 - It shall be the duty of the Commission to promote and encourage such interconnection and coordination within each such district and between such districts.
Page 138 - Commission may issue such order if it finds that such order — ( 1 ) is in the public interest, (2) would— (A) conserve a significant amount of energy, (B) significantly promote the efficient use of facilities and resources, or (C) improve the reliability of any electric utility system to which the order applies, and (3) meets the requirements of section 212.