BECOMING PROACTIVE ABOUT ENVIRONMENTAL RISKS - REGULATORY REFORM AND RISK MANAGEMENT IN THE US ELECTRICITY SECTOR

被引:6
作者
ANDREWS, CJ [1 ]
GOVIL, S [1 ]
机构
[1] ENVIRON CORP,HOUSTON,TX 77077
关键词
REGULATION; ELECTRICITY; ENVIRONMENT;
D O I
10.1016/0301-4215(95)00068-T
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页码:885 / 892
页数:8
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