Energy companies and market reform
Subtitle: how deregulation went wrong
By: Jeremiah D. Lambert
Publisher: PennWell Books
Published: 2006
Place of publication: Tulsa, Okla
Language: eng
Number of pages: 267
Subjects: Enron Corp; United States. -- Federal Energy Regulatory Commission; Electric utilities -- Deregulation -- United States; Energy industries -- Corrupt practices -- California
Notes: Includes bibliographical references and indexes
Table of contents: title: A short history of deregulation; title: Recent regulatory history; title: Enron; title: Deregulation; title: Notes; title: Corporate self-regulation: form versus substance; title: The monitoring board; title: Northeast Utilities: a failed competitive strategy; title: Cost containment; title: Cost containment versus safety regulation; title: Short-term earnings increase; title: Shutdown and financial crisis; title: Enron: abdication of the board; title: Background; title: Financial engineering; title: The Enron board; title: Subcommittee findings; title: High-risk accounting; title: Conflicts of interest; title: Inadequate public disclosure; title: Royal Dutch Shell Group: management by committee; title: The Davis, Polk & Wardwell report; title: The Knight Vinke Institutional Partners memorandum; title: The financial service authority final notice; title: SEC enforcement; title: Epilogue; title: Observations; title: Notes; title: Corporate self-regulation: the accountant as gatekeeper; title: Introduction; title: Auditor acquiescence; title: Generally accepted principles and standards; title: The audit process; title: CMS Energy Corp.: revenue inflation through round-trip trading; title: Background; title: Auditor's guidance; title: Restatement; title: Aftermath; title: Accounting rules; title: Enron: mark-to-market accounting writ large; title: History; title: Accounting guidance; title: Enron seizes the day; title: Accounting rules and accounting firms; title: Observations; title: Notes; title: FERC's shortfall as market regulator; title: Background; title: FERC's legal mandate; title: The filed-rate doctrine; title: Hub-and-spoke system; title: Electric industry mergers; title: Observations; title: Notes; title: The deregulated gas supply market; title: Emerging problems; title: El Paso: affiliate abuse and market manipulation; title: Manipulation of the California energy market; title: Settlement and aftermath; title: Enrononline: trading platform as manipulation tool; title: FERC staff's initial inquiry; title: Final report; title: Market manipulation of published natural gas indexes; title: Dynegy; title: AEP; title: Williams; title: El Paso; title: Other companies; title: Epilogue; title: Observations; title: Notes; title: Implosion of the California electricity market-Part I; title: Background; title: The calm before the storm; title: Crisis onset; title: FERC proceedings; title: Notes; title: Implosion of the California electricity market-Part II; title: Enron's trading schemes; title: Load shift; title: Ricochet, or megawatt laundering; title: Fat boy, or inc-ing load; title: Nonfirm exports, death star, and wheel out; title: Get shorty; title: Selling nonfirm power as firm power; title: The investigations widens; title: Withholding; title: Submitting false load schedules; title: Megawatt laundering; title: Congestion games; title: Ancillary services scams; title: Uninstructed generation games; title: Sharing nonpublic outage information-and collusion; title: Root cause; title: Refunds for overcharges; title: California goes to court; title: Remedial action and settlements at FERC; title: FERC revisits market-based rates; title: Observations; title: Notes; title: Market design; title: Background; title: Order 2000; title: The ramp-up to standard market design; title: Standard market design; title: Industry reaction and FERC response; title: Observations; title: Notes; title: Changing the ground rules; title: Energy Policy Act; title: PUHCA repeal; title: Merger review authority; title: Electricity market transparency, manipulation, and enforcement; title: Market transparency; title: Manipulation; title: Enforcement; title: Economic dispatch, native load, and locational installed capacity; title: Transmission siting and incentives; title: Transmission siting; title: Incentive-based transmission rates; title: Long-term transmission rights; title: Reliability; title: PURPA; title: Notes; title: Conclusion; title: The competitive power market brief; title: Market design; title: Rethinking electricity restructuring; title: Real-world response; title: A holistic view; title: Notes