By Jonathan Raab, Ph.D.
Foreward by Susan F. Tierney
Summary:
The utility industry and its
regulatory environment are at a crossroads. Utilities, intervenors,
and even public utility commissions are no longer able to initiate and
sustain changes unilaterally. Traditional approaches to regulation
are often contentious and costly, producing results that are not
perceived as legitimate or practical. Consensus building and
alternative dispute resolution have the potential to help utilities,
intervenors and regulators resolve a host of regulatory issues.
This book traces the decline of
consensus in utility regulation and delineates current controversies.
It presents the theory and practice of alternative dispute resolution in
utility regulation and offers a framework for evaluating the successes
and failures of attempts to employ these processes. Four
regulatory cases are analyzed in detail: the Pilgrim nuclear power plant
outage settlement; the use of DSM collaboratives; the New Jersey
resource bidding policy; and the formation of integrated resource
management rules in Massachusetts.
An invaluable resource for anyone
involved in utility issues, this book should also be useful to those
interested in applying alternative dispute resolution techniques to
other public policy disputes.
Review:
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“None of us knows what
America’s electric power industry will look like in ten years.
[This book] suggests some very practical techniques for reducing the
amount of figurative blood and real money that could be wasted in our
mutual struggles over how to get there.”
Michael Dworkin,
Vermont Public Service Board
The Electricity Journal
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