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However, today the system and market is much different: the market has open-access transmission and there is a wholesale market that allows utilities to buy power from independent generators at competitive market prices. Today, most energy production based on renewable resources does not require reliance on PURPA. [10]
In the United States, where many industries classified as public utilities are either private businesses or publicly traded corporations, ratemaking is typically carried out through the authority of a state regulatory body, most often a public utilities commission in an administrative law format.
A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of public control and regulation ranging from local community-based groups to statewide government monopolies.
Rate-of-return regulation (also cost-based regulation) is a system for setting the prices charged by government-regulated monopolies, such as public utilities.It attempts to set prices at efficient (non-monopolistic, competitive) levels [1] equal to the efficient costs of production, plus a government-permitted rate of return on capital.
In Canada, a public utilities commission (PUC) is a public utility regulator, typically a semi-independent quasi-judicial tribunal, owned and operated within a municipal or local government system under the oversight of one or more elected commissioners. [1] Its role is analogous to a municipal utility district or public utility district in the US.
Iowa business groups want lawmakers to change how investor-owned utilities get rate hikes. ... pointed to an Alliant’s rate increase that could be as high as 15%. Based on the groups' research ...
The states affect energy in numerous ways, including taxes, land use controls, regulation of energy utilities, and energy subsidies. States may establish environmental standards stricter than those set by the federal government. Regulation of oil and gas production, particularly on non-federal land, is largely left up to the states.
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