Energy Law In A Nutshell

, by Tomain, Joseph P.; Cudahy, Richard D.

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ISBN: 9780314150585 | 0314150587
Cover: Paperback
Copyright: 11/18/2004

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Addresses the component parts of the energy fuel cycle, as well as the market and government policies that oversee it. Natural resource law consists of public lands, environmental law, environmental assessment, mineral law, timber law, and water law. Chapters cover the laws in the resources market, resource management, resource protection, resource production, distribution, and energy resources.

TABLE OF CASES

xiii

INTRODUCTION

CHAPTER 1. ENERGY ECONOMICS

A. Introduction

(9)

1. Behavioral Assumptions

(3)

2. Positive and Normative Economics

(1)

3. Understanding Property

(7)

a. Private Goods

(1)

b. Common Goods

(1)

c. Public Goods

(1)

B. Market Virtues

(3)

C. Market Operations

(9)

1. Demand

(1)

2. Supply

(1)

3. Equilibrium

(2)

4. Costs

(2)

5. Marginal Revenue

(2)

6. Price Elasticity of Demand

(1)

D. Market Failures

(6)

1. Monopoly

(3)

2. Rent Control

(1)

3. Externalities

(1)

4. Information Costs

(1)

5. Excessive Competition

(1)

6. Scarce Resource Allocation

(1)

7. Rationalization

(1)

8. Paternalism

(1)

9. Moral Hazard

(1)

E. Economics and Regulation

(1)

F. The Regulatory Life Cycle

(5)

CHAPTER 2. ENERGY POLICY

A. Energy Facts

(1)

B. Energy Overview

(9)

C. National Energy Policy

(16)

1. 1887-1900

(1)

2. 1900-1920

(4)

3. 1920-1933

(2)

4. The New Deal Era to World War II

(2)

5. Post-World War II to 1973

(5)

a. Coal

(1)

b. Natural Gas

(2)

c. Oil

(1)

d. Nuclear Energy

(1)

D. Presidents Carter and Reagan Test the Dominant Model, 1973-1988

(5)

1. President Carter and Centralized Energy Policy

(2)

2. President Reagan and Deregulation

(2)

E. 1992-Present

(3)

F. The Dominant Model of Energy Policy

(4)

CHAPTER 3. THE ADMINISTRATION OF ENERGY REGULATION

A. An Introduction to Administrative Law

(2)

B. A Critique of Administrative Law

(4)

C. The Administrative Procedure Act

(8)

1. Adjudication under the APA

(3)

2. Rulemaking

(3)

D. Judicial Review

(11)

E. Federal Energy Regulation

101

(6)

1. Department of Energy

102

(1)

2. The Federal Energy Regulatory Commission (FERC)

103

(1)

3. Other Energy-related Agencies

104

(3)

F. Energy Regulation by the States

107

(3)

1. The Historical Roots of State Regulation

107

(3)

G. Constitutional Principles Affecting Regulatory Jurisdiction

110

(7)

1. Commerce Clause

110

(2)

2. The Supremacy Clause

112

(1)

3. The Takings Clause

113

(4)

CHAPTER 4. ENERGY DECISIONMAKING

A. Public Utility Regulation

117

(3)

B. The Theory of Natural Monopoly

120

(2)

C. Ratemaking Goals

122

(8)

1. Capital-Attraction Function

123

(2)

2. Reasonably Priced Energy

125

(1)

3. The Efficiency Incentive Function

126

(1)

4. The Demand Control or Consumer Rationing Function

126

(2)

5. Income Transfer Function

128

(2)

D. The Rate Formula

130

(6)

1. Operating Expenses

130

(1)

2. Rate Base

131

(5)

3. Rate of Return

136

(1)

E. Contemporary Ratemaking Issues

136

(8)

1. Marginal Cost Pricing

137

(2)

2. Incentive Rates

139

(2)

3. Market-Based Rates

141

(1)

4. Stranded Costs

141

(3)

F. Cost-Benefit Analysis

144

(10)

1. Introduction

144

(3)

2. Applying CBA

147

(11)

a. Identification

147

(1)

b. Risk Analysis

148

(1)

c. Quantification

149

(2)

d. Presentation

151

(1)

e. Critiques of Cost-Benefit Analysis

151

CHAPTER 5. OIL

A. Industry Overview

154

(4)

B. Regulatory Overview

158

(9)

1. State Regulation

158

(2)

2. Early Federal Regulation

160

(7)

C. The Era of Price, Allocation and Entitlement Controls, 1970-1980

167

(12)

1. Price Controls

167

(5)

2. Allocation Controls and Entitlements Controls

172

(3)

3. Enforcement

175

(2)

4. Price Decontrol

177

(2)

D. Federal Lands

179

(4)

1. Onshore Oil

179

(1)

2. Offshore Lands

180

(3)

E. Oil and the Environment

183

(7)

CHAPTER 6. NATURAL GAS

A. Industry Overview

190

(9)

B. Regulatory Overview

199

(14)

1. Early Regulation

200

(1)

2. Traditional Federal Regulation

201

(5)

3. Phillips Petroleum Co.

206

(3)

4. The Natural Gas Policy Act of 1978 (NGPA)

209

(2)

5. Public Utility Regulatory Policies Act

211

(2)

C. Post NGPA Regulation

213

(7)

1. Take-or-Pay Contracts

213

(1)

2. FERC Natural Gas Initiatives

214

(6)

D. The Future of the Natural Gas Industry and Its Regulation

220

(4)

CHAPTER 7. COAL

A. Industry Overview

224

(6)

B. Regulatory Overview

230

(10)

1. Federal Lands

230

(2)

2. Coal Conversion

232

(1)

3. Mine Health and Safety

233

(3)

4. Land Reclamation

236

(4)

C. Clean Air

240

(5)

D. Coal Transportation

245

(4)

1. Rail Transportation

245

(2)

2. Coal Slurry Pipelines

247

(2)

E. Global Warming

249

(4)

F. The Future of Coal

253

(4)

CHAPTER 8. ELECTRICITY

A. Industry Overview

257

(7)

B. Regulatory Overview

264

(10)

1. Competition 1882-1905

265

(1)

2. Concentration: 1920-1935

266

(1)

3. Regulation: 1935-1965

266

(4)

4. Regulatory Failure: 1965-1980

270

(1)

5. PURPA's Surprise: Increased Competition

271

(3)

C. The Current Situation in the Electric Industry

274

(11)

1. The Energy Policy Act of 1992

275

(1)

2. FERC Initiatives

276

(9)

D. An Industry in Crisis

285

(11)

1. California

285

(4)

2. Enron

289

(5)

3. Blackout

294

(2)

E. The Electricity Future

296

(3)

CHAPTER 9. NUCLEAR POWER

A. Industry Overview

299

(2)

B. Regulatory Overview

301

(7)

1. Legislation

301

(5)

2. Nuclear Power and the Courts

306

(2)

C. Licensing

308

(2)

D. Reactor Safety

310

(5)

E. Radioactivity

315

(9)

1. Low-Level Waste

315

(2)

2. Uranium Mill Tailings

317

(1)

3. High-Level Waste

318

(1)

4. Transportation

319

(1)

5. Nuclear Waste Policy Act

320

(4)

6. Decommissioning

324

(1)

F. Plant Cancellations and Abandonments

324

(5)

G. The Future of Nuclear Power

329

(3)

CHAPTER 10. HYDROPOWER

A. Industry Overview

332

(3)

B. Regulatory Overview

335

(3)

C. Federal Jurisdiction

338

(3)

D. Licensing

341

(14)

1. Federal Power Act

341

(4)

2. Environmental Laws

345

(3)

3. Small Hydropower Projects and the Public Utility Regulatory Policies Act

348

(2)

4. The Electric Consumer Protection Act

350

(5)

CHAPTER 11. ALTERNATIVE ENERGY SOURCES

A. Renewable Resources

355

(12)

1. Solar Energy

358

(2)

2. Wind Energy

360

(2)

3. Biomass and Alcohol Fuels

362

(2)

4. Geothermal

364

(3)

B. Conservation and Energy Efficiency

367

(3)

1. Conservation

367

(2)

2. Energy Efficiency

369

(1)

C. Alternatives to Traditional Energy Sources

370

(4)

1. Distributed Generation

370

(1)

2. Synthetic Fuels

371

(3)

D. Alternative Energy Policies

374

(8)

1. Energy Futures

377

(3)

2. An Alternative Energy Policy: The Sustainable Development Model

380

(2)

E. Conclusion

382

(3)

INDEX

385

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Energy Law In A Nutshell

Summary

Table of Contents

Supplemental Materials