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Senior Fellow, Energy
R Street
Competition in Electric Power—What Does the Record Say? About 25 years ago the electric power industry was deep into debates over competition and monopoly. For most of the last century, nearly everyone agreed that monopoly was not only natural but even desirable in electric power as long as regulators ensured that the benefits of monopoly were shared with consumers. Toward the end of the century, the conventional view was under challenge—rates were rising, the industry had seen a few major blackouts and technological growth stalled. Dissatisfaction with the regulated electric power industry was intensified by the apparent success of deregulatory… [more]
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Managing Director
Resourcient
Struck by fire and flood, first from two hurricanes enhanced by climate change, and then by heat and drought enhanced fires, our urge is to rapidly assist, fix and rebuild. A more thoughtful response should also address what exactly should be fixed, and how and where to rebuild with greater resilience. For Houston, Florida, Puerto Rico, and Napa and Sonoma Counties, these are gut-wrenching questions with few easy answers. The typical and very human response — quick rebuilds — is attractive to construction companies looking for work and banks providing short-term construction loans. Politicians and communities like them because they… [more]
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