We analyze the treatment and impact of idiosyncratic or firm-specific risk in regulation. Regulatory authorities regularly ignore firm-specific characteristics, such as size or asset ages, implying different risk exposure in incentive regulation. In contrast, it is common to apply only a single...

This paper investigates how the relationships between congestion, reliability, and uncertainty affect how electrical grid users value transmission system upgrades. The role that uncertainty plays in grid users' valuations of many of the congestion and reliability benefits of upgrades is...

Traditional electrical grid as the largest and most complex industry in the world is currently under fundamental development. According to the IEEE Std1547.4, large distribution systems can be clustered into a number of micro-grids (MGs) to facilitate the control and operation infrastructure in...

We analyze the treatment and impact of idiosyncratic or firm-specific risk in regulation. Regulatory authorities regularly ignore firm-specific characteristics, such as size or asset ages, implying different risk exposure in incentive regulation. In contrast, it is common to apply only a single...