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Mr Agraz

The Macroeconomics of Trade War - 4 views

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    Impact of tariffs and other protectionist measures
Jac Londe

Electricity FERC - 10 views

  • Regulatory Changes by the Federal Energy Regulatory Commission
  • FERC Orders 888 and 889
  • On April 24, 1996, FERC issued Orders 888 and 889, which encourage wholesale competition.  The primary objective of these orders is the elimination of monopoly power over the transmission of electricity.  To achieve this objective, FERC requires all public utilities that own, control, or operate facilities used for transmitting electric energy in interstate commerce to: file open access nondiscriminatory transmission tariffs containing minimum terms and conditions, take transmission service (including ancillary services) for their own new wholesale sales and purchases of electricity under open access tariffs, develop and maintain a same-time information system that will give existing and potential  users the same access to transmission information that the public utility enjoys, and separate the transmission from generating and marketing functions and communications.
  • ...1 more annotation...
  • Recovery of stranded costs is perhaps the most contentious issue confronting regulators in promoting competition.  Stranded costs (or assets) are costs that have been prudently incurred by utilities to serve their customers but cannot be recovered if the consumers choose other electricity suppliers. One study has estimated current stranded assets at $88 billion, and estimates of projected stranded costs range from $10 billion to $500 billion. In its Order 888, FERC reaffirmed "that the recovery of legitimate, prudent and verifiable stranded costs should be allowed." FERC's directive is grounded in the belief that the recovery of stranded costs "is critical to the successful transition of the electricity industry to a competitive, open-access environment." For this purpose, direct assignment of costs to departing customers was selected as the appropriate method for recovery of stranded costs.
Devin Page

Henry Clay and the American System for kids *** - 6 views

  • Taxing all foreign goods, to boost the sales of US products and protect manufacturers from cheap British goods
  • ● Introducing a protective Tariff to enable the nation to raise money from these taxes and at the same time protect the nation's goods from cheaper priced foreign items
    • Devin Page
       
      Which region of the country did not like tariffs that were meant to help manufacturers in the north?
  • The American System helped to fuel the belief in the Manifest Destiny of the United States
    • Devin Page
       
      So which region probably benefited from the American system?
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  • Roads and canals were built that enabled Americans to travel and the Cumberland Road, the Erie Canal were constructed
    • Devin Page
       
      Where did the Cumberland Road take travelers? How about the Erie Canal?
  • The American System helped to fuel the belief in the Manifest Destiny of the United States
  • ● Henry Clay's American System eventually ran out of steam during the administration of President Jackson
    • Devin Page
       
      Which region of the country seemed to most supprt Andrew Jackson?
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