Abstract
Competition from decentralized energy companies using venture capital and renewable resources to generate electricity or to cogenerate steam and electricity is challenging the monopoly long held by utilities. Legal and financial incentives are replacing former barriers, although the tax changes are under court challenge. Utility lawsuits against Section 210 of the Public Utility Regulatory Policies Act (PURPA) eliminating the exclusive right of utilities to generate and sell electric power claim the Act is unconstitutional and favors small producers. Although the Act was passed three years ago, delays in setting regulations at the local level have meant that the impact of PURPA is just beginning to be felt. That it encourages alternative generation schemes is evident in Windfarms, Energetics, and other small energy companies that have recently formed. (DCK)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
