An edition of Energy companies and market reform (2006)

Energy companies and market reform

how deregulation went wrong

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Last edited by MARC Bot
December 18, 2022 | History
An edition of Energy companies and market reform (2006)

Energy companies and market reform

how deregulation went wrong

  • 0 Ratings
  • 0 Want to read
  • 0 Currently reading
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Publish Date
Publisher
PennWell Books
Language
English
Pages
267

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Previews available in: English

Edition Availability
Cover of: Energy companies and market reform
Energy companies and market reform: how deregulation went wrong
2006, PennWell Books
in English

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Book Details


Table of Contents

A short history of deregulation
Recent regulatory history
Enron
Deregulation
Notes
Corporate self-regulation: form versus substance
The monitoring board
Northeast Utilities: a failed competitive strategy
Cost containment
Cost containment versus safety regulation
Short-term earnings increase
Shutdown and financial crisis
Enron: abdication of the board
Background
Financial engineering
The Enron board
Subcommittee findings
High-risk accounting
Conflicts of interest
Inadequate public disclosure
Royal Dutch Shell Group: management by committee
The Davis, Polk & Wardwell report
The Knight Vinke Institutional Partners memorandum
The financial service authority final notice
SEC enforcement
Epilogue
Observations
Notes
Corporate self-regulation: the accountant as gatekeeper
Introduction
Auditor acquiescence
Generally accepted principles and standards
The audit process
CMS Energy Corp.: revenue inflation through round-trip trading
Background
Auditor's guidance
Restatement
Aftermath
Accounting rules
Enron: mark-to-market accounting writ large
History
Accounting guidance
Enron seizes the day
Accounting rules and accounting firms
Observations
Notes
FERC's shortfall as market regulator
Background
FERC's legal mandate
The filed-rate doctrine
Hub-and-spoke system
Electric industry mergers
Observations
Notes
The deregulated gas supply market
Emerging problems
El Paso: affiliate abuse and market manipulation
Manipulation of the California energy market
Settlement and aftermath
Enrononline: trading platform as manipulation tool
FERC staff's initial inquiry
Final report
Market manipulation of published natural gas indexes
Dynegy
AEP
Williams
El Paso
Other companies
Epilogue
Observations
Notes
Implosion of the California electricity market-Part I
Background
The calm before the storm
Crisis onset
FERC proceedings
Notes
Implosion of the California electricity market-Part II
Enron's trading schemes
Load shift
Ricochet, or megawatt laundering
Fat boy, or inc-ing load
Nonfirm exports, death star, and wheel out
Get shorty
Selling nonfirm power as firm power
The investigations widens
Withholding
Submitting false load schedules
Megawatt laundering
Congestion games
Ancillary services scams
Uninstructed generation games
Sharing nonpublic outage information-and collusion
Root cause
Refunds for overcharges
California goes to court
Remedial action and settlements at FERC
FERC revisits market-based rates
Observations
Notes
Market design
Background
Order 2000
The ramp-up to standard market design
Standard market design
Industry reaction and FERC response
Observations
Notes
Changing the ground rules
Energy Policy Act
PUHCA repeal
Merger review authority
Electricity market transparency, manipulation, and enforcement
Market transparency
Manipulation
Enforcement
Economic dispatch, native load, and locational installed capacity
Transmission siting and incentives
Transmission siting
Incentive-based transmission rates
Long-term transmission rights
Reliability
PURPA
Notes
Conclusion
The competitive power market brief
Market design
Rethinking electricity restructuring
Real-world response
A holistic view
Notes

Edition Notes

Includes bibliographical references and indexes

Published in
Tulsa, Okla

Classifications

Library of Congress
HD9685.U5 L25 2006, HD9685.U5L25 2006, HD9685.U5 L25 2006eb

The Physical Object

Pagination
x, 267 p. :
Number of pages
267

ID Numbers

Open Library
OL17209508M
Internet Archive
energycompaniesm0000lamb
ISBN 10
1593700601
LCCN
2006018092
OCLC/WorldCat
646849313, 70045869

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December 18, 2022 Edited by MARC Bot import existing book
July 16, 2022 Edited by ImportBot import existing book
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