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privately owned nuclear power plants. The criticism being that privatization of companies tend to have the companies themselves cutting corners and costs for profits which has proven to be disastrous in the worst-case scenarios. This placed a strain on many other countries as many foreign governments felt pressured to close nuclear power plants in response to public concerns. Nuclear energy however still holds a major part in many communities around the world.
200:. They are less likely to approve compensation policies that include incentive-based pay. The compensation for electric utility executives will be the lowest in regulated utilities that have an unfavorable regulatory environment. These companies have more political constraints than those in a favorable regulatory environment and are less likely to have a positive response to requests for rate increases.
240:
The success in
Nicaragua may not be an easily replicated situation however. The movement was known as Energiewende and it is generally considered a failure for many reasons. A primary reason was that it was improperly timed and was proposed during a period in which their energy economy was under more
207:
has been shown to increase remuneration. The need to encourage risk-taking behavior in seeking new investment opportunities while keeping costs under control requires deregulated companies to offer performance-based incentives to their executives. It has been found that increased compensation is also
261:
Utilities have found that it isn't simple to meet the unique needs of individual customers, whether residential, corporate, industrial, government, military, or otherwise. Customers in the twenty-first century have new and urgent expectations that demand a transformation of the electric grid. They
224:
Oversight is typically carried out at the national level, however it varies depending on financial support and external influences. There is no existence of any influential international energy oversight organization. There does exist a World Energy
Council, but its mission is mostly to advise and
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removed previous barriers to wholesale competition in the electric utility industry. Currently 24 states allow for deregulated electric utilities: Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, Texas, Virginia, Arizona, Arkansas, California, Connecticut, Delaware, Illinois, Maine, Maryland,
189:. Just as regulated utilities and their governing bodies struggle to maintain a balance between keeping consumer costs reasonable and being profitable enough to attract investors, they must also compete with private companies for talented executives and then be able to retain those executives.
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has become more and more prevalent in recent times and as it is inherently independent of more traditional sources of energy, the market seems to have a very different structure. In the United States, to promote the production and development of alternative energies, there are many subsidies,
252:
Nuclear energy may be classified as a green source depending on the country. Although there used to be much more privatization in this energy sector, after the 2011 Fukushima district nuclear power plant disaster in Japan, there has been a move away from nuclear energy itself, especially for
109:
power system is a group of generation, transmission, distribution, communication, and other facilities that are physically connected. The flow of electricity within the system is maintained and controlled by dispatch centers which can buy and sell electricity based on system requirements.
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rewards, and incentives that encourage companies to take up the challenge themselves. There is precedent for such a system working in countries like
Nicaragua. In 2005, Nicaragua gave renewable energy companies tax and duty exemptions, which spurred a great deal of private investment.
216:
Massachusetts, Michigan, Montana, New
Hampshire, New Jersey, New Mexico, New York, and Washington D.C. As electric utility monopolies have been increasingly broken up into deregulated businesses, executive compensation has risen; particularly incentive compensation.
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are also considered electric utilities—these entities buy and sell electricity, acting as brokers, but usually do not own or operate generation, transmission, or distribution facilities. Utilities are regulated by local and national authorities.
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want a system that gives them new tools, better data to help manage energy usage, advanced protections against cyberattacks, and a system that minimizes outage times and quickens power restoration.
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Globally, the transition of electric utilities to renewables remains slow, hindered by concurrent continued investment in the expansion of fossil fuel capacity.
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652:"A global analysis of the progress and failure of electric utilities to adapt their portfolios of power-generation assets to the energy transition"
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in addition to base salaries. Executives in regulated electric utilities are less likely to be paid for their performance in bonuses or
357:
474:
Bryan, Stephen; Lee-Seok, Hwang; Lilien, Steven (2005). "CEO Compensation After
Deregulation: The Case Of Electric Utilities".
17:
168:
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Arya, Avinash; Sun, Huey-Lian (2004). "Impact of
Deregulation in CEO Compensation: The Case of Electric Utilities".
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Just as increased constraints from regulation drive compensation down for executives in electric utilities,
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received by the executives in utility companies often receives the most scrutiny in the review of
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393:"Political Constraints on Executive Compensation: Evidence From the Electric Utility Industry"
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435:"CEO Compensation In A Regulatory Environment: An Analysis Of The Electric Utility Industry"
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more likely to attract executives experienced in working in competitive environments.
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share new information. It does not hold any kind of legislative or executive power.
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58:. The electrical utility industry is a major provider of energy in most countries.
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In 2009, the French company EDF was the world's largest producer of electricity.
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707:"IEI event emphasizes efforts by utilities to serve diverse mix of customers"
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entities. They may be engaged in all or only some aspects of the industry.
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600:"Nicaragua's latest revolution: Becoming a green energy powerhouse"
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Regulated companies are less likely to use incentive-based
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Electric utilities are facing increasing demands including
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Utilities: Green tech good for planet, bad for business
552:"Electricity liberalisation: The beginning of the end"
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Joskow, Paul; Rose, Nancy; Wolfram, Catherine (1996).
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Consumer
Advocate for Customers of Public Utilities
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747:Economics of transport and utility industries
439:Journal of Accounting, Auditing & Finance
131:The examples and perspective in this article
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627:"Renewable energy's global growing pains"
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169:Learn how and when to remove this message
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508:. Allied Power Services. Archived from
433:Bryan, Stephen; Hwang, Leeseok (1997).
313:. Snavely King Majoros & Associates
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27:Type of electric power company
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331:By Candace Lombardi, CNET. “
229:Alternative energy promotion
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145:, discuss the issue on the
61:Electric utilities include
52:distribution of electricity
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676:10.1038/s41560-020-00686-5
452:10.1177/0148558X9701200303
211:In the United States, the
705:Riley, Kim (2018-03-08).
400:RAND Journal of Economics
213:Energy Policy Act of 1992
533:American Business Review
277:Electricity transmission
54:for sale generally in a
506:alliedpowerservices.com
40:electric power industry
183:executive compensation
114:Executive compensation
48:electricity generation
38:, is a company in the
335:.” February 23, 2010.
257:Customer expectations
711:Daily Energy Insider
502:"Deregulated States"
358:"Electricity Basics"
151:create a new article
143:improve this article
133:may not represent a
87:aging infrastructure
668:2020NatEn...5..920A
580:www.worldenergy.org
476:Journal of Business
79:Electricity markets
650:Alova, G. (2020).
287:Rate base (energy)
234:Alternative energy
187:operating expenses
101:Power transactions
46:) that engages in
18:Electrical utility
365:science.smith.edu
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512:on 10 May 2013
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96:Organization
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75:nationalized
71:cooperatives
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560:December 3,
539:(1): 27–33.
731:Categories
716:2018-03-16
636:2016-12-09
609:2016-12-09
585:2016-12-09
307:"Electric"
293:References
692:225179903
684:2058-7546
576:"Mission"
461:153498203
282:Rate Case
220:Oversight
147:talk page
42:(often a
420:85508770
266:See also
141:You may
107:electric
664:Bibcode
516:18 July
412:2555797
371:18 July
317:18 July
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149:, or
680:ISSN
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518:2014
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319:2014
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