Global overview of electric sector and the effects of regulation
Article from: OGEL 3 (2003), in Electricity Law and Regulation
Summary
Regulatory uncertainties regarding market design, the political and regulatory fallout from Enron's highly publicised bankruptcy and a soft economy have contributed to a sharp downturn in the fortunes of the troubled electric power industry in the United States. This lack of regulatory certainty has contributed to the industry's protracted recovery by, for example, limiting the pool of potential purchasers of electric generation assets at a time when many electric power companies, particularly merchant generators, are attempting to divest assets to shore-up their balance sheets ...