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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.

Michaelmas,

In the second quarter of 1374 Chaucer lived in a whirl of prosperity.

During the next twelve or fifteen years there is no question that Chaucer was constantly engaged in literary work,

bundant f

In October 1385 Chaucer was made a justice of the peace for Kent.

Philippa Chaucer

In August 1386 he was elected one of the two knights of the shire for Kent, and with this dignity, though it was one not much appreciated in those days, his good fortune reached its climax.

While on the king's business, in September 1390, Chaucer was twice robbed by highwaymen,

In 1397 he received from King Richard a grant of a butt of wine yearly. For this he appears to have asked in terms that suggest poverty, and in May 1398 he o

btained letters of protection against his creditors, a step perhaps rendered necessary by an action for debt taken against him earlier in the year.

he died, on the 25th of the following October. He was buried in Westminster Abbey, and his tomb became the nucleus of what is now known as Poets' Corner.

the king granted him a pitcher of wine daily,

The development of his genius has been attractively summed up as comprised in three stages, French, Italian and English,

Boccaccio's

Petrarch's sonnets,

occaccio's Decamerone, a book which there is no proof of his having seen.

avour was shown him by the new king

On the 8th of June he was appointed Comptroller of the Custom and Subsidy of Wools, Hides and Woodfells and also of the Petty Customs of Wine in the Port of London.

ars old, and that he was still unma