Becoming proactive about environmental risks. Regulatory reform and risk management in the US electricity sector

Clinton J. Andrews; Shivani Govil

doi:10.1016/0301-4215(95)00068-T

Becoming proactive about environmental risks. Regulatory reform and risk management in the US electricity sector

Clinton J. Andrews, Shivani Govil

Research output: Contribution to journal › Article › peer-review

8 Scopus citations

Abstract

Future environmental requirements are an important component of investment risk for long-lived facilities such as electric power plants. Yet the industry's current regulatory compact discourages proactive environmental investments, and thus encourages suboptimal long-term compliance strategies. This paper develops an indicative estimate of the resulting inefficiency by analysing a typical US power system. It argues that market-oriented regulatory reform can encourage environmental risk management by utilities.

Original language	English (US)
Pages (from-to)	885-892
Number of pages	8
Journal	Energy Policy
Volume	23
Issue number	10
DOIs	https://doi.org/10.1016/0301-4215(95)00068-T
State	Published - Oct 1995
Externally published	Yes

All Science Journal Classification (ASJC) codes

General Energy
Management, Monitoring, Policy and Law

Keywords

Electricity
Environment
Regulation

Access to Document

10.1016/0301-4215(95)00068-T

Cite this

@article{e6d4786c14664a0faad1fb34f74f8799,

title = "Becoming proactive about environmental risks. Regulatory reform and risk management in the US electricity sector",

abstract = "Future environmental requirements are an important component of investment risk for long-lived facilities such as electric power plants. Yet the industry's current regulatory compact discourages proactive environmental investments, and thus encourages suboptimal long-term compliance strategies. This paper develops an indicative estimate of the resulting inefficiency by analysing a typical US power system. It argues that market-oriented regulatory reform can encourage environmental risk management by utilities.",

keywords = "Electricity, Environment, Regulation",

author = "Andrews, {Clinton J.} and Shivani Govil",

year = "1995",

month = oct,

doi = "10.1016/0301-4215(95)00068-T",

language = "English (US)",

volume = "23",

pages = "885--892",

journal = "Energy Policy",

issn = "0301-4215",

publisher = "Elsevier B.V.",

number = "10",

}

TY - JOUR

T1 - Becoming proactive about environmental risks. Regulatory reform and risk management in the US electricity sector

AU - Andrews, Clinton J.

AU - Govil, Shivani

PY - 1995/10

Y1 - 1995/10

N2 - Future environmental requirements are an important component of investment risk for long-lived facilities such as electric power plants. Yet the industry's current regulatory compact discourages proactive environmental investments, and thus encourages suboptimal long-term compliance strategies. This paper develops an indicative estimate of the resulting inefficiency by analysing a typical US power system. It argues that market-oriented regulatory reform can encourage environmental risk management by utilities.

AB - Future environmental requirements are an important component of investment risk for long-lived facilities such as electric power plants. Yet the industry's current regulatory compact discourages proactive environmental investments, and thus encourages suboptimal long-term compliance strategies. This paper develops an indicative estimate of the resulting inefficiency by analysing a typical US power system. It argues that market-oriented regulatory reform can encourage environmental risk management by utilities.

KW - Electricity

KW - Environment

KW - Regulation

UR - http://www.scopus.com/inward/record.url?scp=0029486927&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0029486927&partnerID=8YFLogxK

U2 - 10.1016/0301-4215(95)00068-T

DO - 10.1016/0301-4215(95)00068-T

M3 - Article

AN - SCOPUS:0029486927

SN - 0301-4215

VL - 23

SP - 885

EP - 892

JO - Energy Policy

JF - Energy Policy

IS - 10

ER -

Becoming proactive about environmental risks. Regulatory reform and risk management in the US electricity sector

Abstract

All Science Journal Classification (ASJC) codes

Keywords

Access to Document

Other files and links

Fingerprint

Cite this