Effective Regulation of Public Utilities
Although theoretically the long term could extend into the infinite future, we believe the Legislature shared our recognition that the clearest of available crystal balls become translucent and eventually opaque as we look further into the future.
Southern California Edison, San Diego Gas & Electric, et al., 1991 Calif. PUC LEXIS 253 (interpreting statutory requirement that a merger produce benefits in both the short and long terms)
Infrastructure, Market Structure, and Utility Performance: Is the Law of Regulation Ready?
Infrastructure, market structure, and utility performance: three challenges for regulators, each one a multidisciplinary puzzle. What role can law play in finding solutions? This speech addresses three main questions: (1) Infrastructure Investment: How Do We Ensure Sufficiency and Prudence? (2) Market Structure: How Do We Produce the "Best Possible Mix of Inevitably Imperfect Regulation and Inevitably Imperfect Competition"? and (3) Utility Performance: How Do We Define It? How Do We Induce It?
Paper published by the National Regulatory Research Institute.