Market-driven regulation

✍ Scribed by Smith, William H.

• Publisher: John Wiley and Sons
• Year: 2007
• Weight: 321 KB
• Volume: 11
• Category: Article
• ISSN: 0743-5665
• DOI: 10.1002/gas.3410110709

✦ Synopsis

Market-Driven Regulation

overnment institutions react to election G returns, of course, but they are influenced in other ways by the public they serve. Public utility commissions are no exception. During 1775, look for some serious reexamination.

The Public Opinion Market

By design, multimember regulatory commissions change their complexion gradually. New members are appointed as terms end or as commissioners leave for other opportunities. This gradualism allows commissions to bend with the political wind, but still provides some stability and continuity.

In some states, the change may be more abrupt. For example, some governors have the authority to designate a new commission chair immediately, and in some states, it is customary for the chair or for all commissioners to offer their resignations to a new governor. But for the most part, membership changes are gradual, even when a number of governorships change parties.

Even without me changes, commissioners may

be more receptive to lessintrusive regulatory options.