Fuel cost adjustments: An ideal whose time has gone

✍ Scribed by Robert J. Michaels

• Book ID: 103995259
• Publisher: Elsevier Science
• Year: 1994
• Tongue: English
• Weight: 752 KB
• Volume: 7
• Category: Article
• ISSN: 1040-6190
• DOI: 10.1016/1040-6190(94)90159-7

✦ Synopsis

and a consultant with JurEcon, Inc. He has served as consultant to the electric and gas industries, and is author of the entries on electric and gas regulation in the Fortune Encyclopedia of Economics (Warner Books, 1993).

Fuel Cost Adjustments: An Idea Whose Time Has Gone

Fuel adjustment clauses, now clearly unneeded, are a disincentive to efficient utility planning and operation. They have no place in a competitive marketplace and should not be turned into incentive regulation as some would do.

Robert J. Michaels l 'n the relative calm of 1985, the .California Public Utilities Commission looked back at the Fuel Adjustment Clauses (FACs) that it first put into electric rates during the chaos of 1972.