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.