Energy Companies and Market Reform traces the uncertain course of reactive reforms in the post-Enron era and provides a blueprint for the future of energy competition in the United States.

Energy Companies and Market Reforms features:

• how and why energy company boards, auditors, and regulators all failed to protect the public
• how energy companies manipulated power and gas markets to reap huge profits while regulators looked on
• whether after-the-fact reforms will prevent a recurrence
• the future of competitive energy markets

Contents

1. A Short History of Deregulation
   • Recent Regulatory History
2. Corporate Self-Regulation: Form Versus Substance
   • The Monitoring Board
   • Northeast Utilities: A Failed Competitive Strategy
   • Enron: Abdication of the Board
   • Royal Dutch Shell Group: Management by Committee
3. Corporate Self-Regulations: The Accountant as Gatekeeper
   • CMS Energy Corp.: Revenue Inflation through Round-Trip Trading
   • Enron: Mark-to-Market Accounting Writ Large
4. FERC's Shortfall as Market Regulator
   • Background
   • FERC's Legal Mandate
   • The Field-Rate Doctrine
   • Hub-and-Spoke System
   • Electric Industry Mergers
5. The Deregulated Gas Supply Market
   • Emerging Problems
   • El Paso: An Affiliate Abuse and Market Manipulation
   • EnronOnline: Trading Platform as Manipulation Tool
   • Manipulation of Published Natural Gas Price Indexes
6. Implosion of the California Electricity Market—Part I
   • Background
   • The Calm before the Storm
   • Crisis Onset
   • FERC Proceedings
7. Implosion of the California Electricity Market—Part II
   • Enron's Trading Schemes
   • The Investigation Widens
   • Refunds for Overcharges
   • FERC Revisits Market-Based Rates
8. Market Design
   • Order 2000
   • The Ramp-Up to Standard Market Design
   • Standard Market Design
   • Industry Reaction and FERC Response
9. Changing the Ground Rules
   • Energy Policy Act
   • PUHCA Repeal
   • Merger Review Authority
   • Electricity Market Transparency, Manipulation, and Enforcement
   • Economic Dispatch, Native Load, and Locational Installed Capacity
   • Transmission Siting and Incentives
   • Reliability
   • PURPA

Index

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ORDER NOW Energy Companies and Market Reform How Deregulation Went Wrong by Jeremiah D. Lambert 2006 • 267 pages • $68.00 + shipping Texas residents please add 6.75 % sales tax