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Serving the "Public Interest" - Traditional vs Expansive Utility Regulation |
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Consider the arguments for and against a new power plant. It will increase
the supply of power to the state’s customers and lower their energy bills
through competition. It will retain businesses and jobs that are on the verge of
leaving the state due to high power costs. At the same time, the plant will
increase pollution and greenhouse gas emissions. How does this plant fit within
the state’s new campaign to expand alternative energy production and create
sustainable “green” jobs? Should regulators evaluate the environmental impact
locally or on the cumulative impact of all existing and proposed power plants in
the state or region? Does the proposed plant conform to the state’s long-term
energy plan? Regulators must answer these questions as they work to determine:
Where does the public interest lie?
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full paper . . .
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