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Understanding Electric Power Systems: An Overview of the Technology, the Marketplace, and Government Regulations
A comprehensive look in Layman's terms at the many aspects of the provision of electric power, by two veteran executives and respected experts. This volume is the second edition of a text originally published in 2003. Since its publication, significant changes have, and continue to, impact the electric utility industry including:rn• The 2003 northeast U.S. blackoutrn• New energy laws and a large number of FERC regulations implementing these lawsrn• A change in FERC's role in overseeing the industry's reliability rules and practicesrn• NERC's role in establishing these rules and in monitoring compliancern• The 2009 Economic Stimulus packagern• Concerns about global warming and efforts to limit the utility industry's contribution to greenhouse gasesrnThe purpose of this book is to help those in government, business, educational institutions, and the general public, have a better understanding of electric power systems, institutions, and the electric power business.rnThe first edition was used for instructional purposes in many courses for electrical engineers who were not power systems engineers, for lawyers, accountants, economists, government officials, and public interest groups. Since its publication, technological and institutional changes have occured. A major change has been the drastic increase in the government's role in the electric power industry, changing from emphasis on price regulation to an emphasis on increased control of planning, operation, design, and control of the system and the new technologies being developed. This second edition reflects this and other changes.rnIn recent years, the U.S. Congress has enacted a series of omnibus energy act in response to three national imperatives:rn1. Establishing a wholesale market for electricity while maintaining a reliable electric supply systemrn2. Reducing the country's reliance on imported oilrn3. Reducing the country's contribution to global warming by reducing reliance on carbon-based fuelsrnTechnological advances and changes in government policy and regulation have altered the electric power industry in recent years and will continue to impact it for quite some time. Fully updated with the latest changes to regulation, structure, and technology, this new edition of Understanding Electric Power Systems offers a real-world view of the industry, explaining how it operates, how it is structured, and how electricity is regulated and priced. It includes extensive refernces for the reader and will be especially useful to lawyers, government officials, regulators, engineers, and students, as well as the general public.rnThe book explain the physical functioning of electric power systems, the electric power business in today's environment, and related institution, including recent changes in the roles of the Federal Energy Regulatory Commission and the North American Reliability Company. Significant changes that are affecting the industry are covered in this new edition, including:rn• The expanded role of the government in the planning and operation of the nation's electric utilitiesrn• New energy laws and a large number of FERC regulations implementing these lawsrn• Concerns over global warming and potential impacts on the electricity industryrn• Pressures for expansion of the electric grid and the implementation of smart-grid" technologiesrn• The growing importance of various energy-storage technologies and renewable energy sources rn• New nuclear generation technologiesrn• The 2009 economic stimulus package"
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