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2004-05 Seminars
Alternative
Models for Deregulating the Electric Power Industry
Bruce
Edelston
Director, Policy and Planning, Southern Company
Abstract
The electric power industry, partly because it is regulated at both
the state and federal levels and partly because of the fallout from the
Enron and California experiences, is evolving into different structures in
different regions and states. Wholesale competition (and retail
competition in some states) is driving changes in regulation and the
traditional vertically-integrated nature of the industry, but because
there is no national consensus on how markets should evolve, there are
multiple frameworks that have developed across the country. Southern
Company, following the lead of its own state regulators, has decided that
the traditional vertically-integrated model with competitive procurement
to serve incremental needs and a strong continuing role for state
regulators is the best model for the region it serves. But Southern
Company's position has been quite controversial with wholesale market
participants and federal regulators. Mr. Edelston will discuss Southern
Company's view of the evolving industry and compare and contrast its' view
with other models of deregulation.
Slides
(PPT file)
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