Select Committee on Trade and Industry First Report


APPENDIX 1

Meetings held during the visit and the major issues discussed

(Lunches, receptions, etc. have been excluded.)

WASHINGTON - SUNDAY DECEMBER 8TH

Briefing Supper with officials from the British Embassy, Washington


Topics: The heavy-handedness of US regulation
The `bright line' between State and Federal energy regulatory responsibilities
Moves towards further liberalisation in gas and electricity
Environmental standards and taxes
Nuclear generation, decommissioning and reprocessing of spent fuel


WASHINGTON - MONDAY DECEMBER 9TH

Breakfast meeting with Enron Corporation


Topics: Energy deregulation to date
Prospects for further deregulation in electricity retail sales.
Variations between individual States' regulatory regimes and progress towards deregulation
The structure and role of the Federal Energy Regulatory Commission
Natural Gas interstate pipelines
Unbundling
Consumer Protection

Meeting with Charles Grey, Assistant General Counsel, National Association of Regulatory Utility Commissioners


Topics: Stranded Investments
Variations between individual States' regulatory regimes and progress towards deregulation
Unprofitable customers
Nuclear power in a deregulated market
National Regulatory Research Institute
Regulation and environmental protection
Foreign investment and ownership in the US energy industry
Renewable technologies

Meeting with Commissioner Massey, Federal Energy Regulatory Commission (FERC)


Topics: Role, structure, staffing and workload of FERC
Requiring unbundling and divestment
Market share targets
Strategic fuel mix policy
Transparent regulation and commercial confidentiality
Unprofitable customers
Nuclear decommissioning

Meeting with Rep. Boucher (Democrat)


Topics: Congressional control over regulatory commissions
Public understanding of and concern over deregulation
Role of the House Sub-Committee on Energy and Power
Regulation and environmental protection
Industry restructuring and employment

Meeting with Edison Electric Institute


Topics: Deregulation and the Energy Policy Act 1992
The pros and cons of a collegiate system
Quality of regulatory staff
Variations in deregulation between States
Deregulation in California (stranded investment, domestic consumers,
RPI-X versus rate of return)
Energy efficiency


NEW YORK - TUESDAY DECEMBER 10TH

Meeting with Consolidated Edison


Topics: Scope of Federal regulation
State regulation and diversification
Security of supply
Rate of return and incentive-based price controls
Real time pricing experiment
Generation in New York
Financing investment

Meeting with New York City Department of Environmental Protection


Topics: Role of New York City Department of Environmental Protection
Water and sewerage regulation
Political appointment of commissioners
Determining price controls
Water quality programmes, fluoridization, filtration
Privatisation and employees

Meeting with PSE&G


Topics: Federal and State regulation
Ownership of the electricity industry
Independent system operators
Setting price controls
Variations in tax regimes from State to State and the effect on fair competition
Security of supply
Depreciation
Environmental and social concerns
Regulatory staff
Company resources devoted to regulation

New Jersey Public Utility Commission


Topics: Structure of the Commission, appointment of Commissioners
Power pools
Independent system operators
Consumer education
Cherry-picking/social dumping - `supplier of last resort'
Environmental protection and energy efficiency
Regulatory costs and resources
Prudent investment and stranded assets




BOSTON - WEDNESDAY DECEMBER 11TH

Meeting with Michael Donlan of Dangel, Donlan and Fine, (attorneys specialising in energy regulation), Prof Michael Best, University of Lowell, and Prof Henry Lee, Harvard School of Government


Topics: Energy prices and industrial competitiveness
Efficiency versus innovation
Technological management and planning
Nuclear generation
Fuel mix
Total quality management
Consequences of the Public Utility Regulatory Policy Act 1978 on generation
Environmental protection
FERC's Order 888
Stranded investment

Meeting with Commonwealth Energy Systems


Topics: Objectives of deregulation
Transitional period
Department of Public Utilities and price controls
Unbundling in the gas industry
New England Regional Transmission Group
Regulation in Massachusetts
Customer Service


BOSTON - THURSDAY DECEMBER 12TH

Meeting with Boston Edison


Topics: Statutory duties of State and Federal regulators
Rate setting
Demand side management and conservation programmes
Structure of the energy industry in New England
Investment and divestiture
Generation
Department of Public Utilities

Meeting with Xenergy Inc


Topics: Xenergy and energy auditing
Forces for deregulation in electricity
Wires ownership and transmission
Gas deregulation
Imprudent investment and stranded assets
New Hampshire electricity retail sales pilot
Smart billing

Meeting with the Department of Public Utilities (DPU)


Topics: Companies regulation by the DPU
DPU resources
Performance-based regulation
Consumer representation and protection
Demand side management and environmental protection


 
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© Parliamentary copyright 1997
Prepared 18 March 1997