SELECTED RECENT PUBLICATIONS

Robert J. Michaels

Three volumes for the Texas Public Policy Foundation, 2007:  A Primer on Electricity,  Electricity in Texas, and Competition in Texas Electric Markets. 

"Merchant Transmission Redux:  Why Financial Transmission Rights Have Not Induced Investment,"  Public Utilities Fortnightly, Sept. 2006.

Vertical Integration and the Restructuring of the U.S. Electric Industry, Cato Institute Policy Analysis, July 2006

Watching the Watchers:  Can RTO Market Monitors Really Be Independent," Public Utilities Fortnightly, July 15, 2003.

"Market Power in California:  Misunderstanding the Opportunities," (co-author), Electricity Journal, Vol. 15 (May 2002).

"Venues and Markets:  Regulating Competitive Electricity in the West," Energy Law Journal, Vol. 21, No. 2 (2001). [Lexis-Nexis text]

"Can Non-Profit Transmission be Independent?" Regulation, Vol. 23, No. 3 (2000).

"The Governance of Transmission Operators," Energy Law Journal, Vol. 20, No. 2 (1999). [Lexis-Nexis text]

"Electricity:   Price Spikes by Design," Regulation, Vol. 22, No. 2 (1999).  

"Electricity Passes the Market Test:  Price Spikes in the Summer of 1998. (George Mason University Monograph, 1998).[Word format, cover pages not present]

"Securitized Stranded Costs:  Rethinking Who Wins and Who Loses,"  Electricity Journal, Vol. 11 (June, 1998).

"MW Gamble:  the Missing Market for Capacity," Electricity Journal, Vol. 10 (Dec. 1997).

"Would Anyone Invent Public Power Today?  Can Anyone Reinvent it?" Electricity Journal, Vol. 10 (Nov. 1997).

"Stranded in Sacramento:  California Tries Legislating Competitive Electricity," Regulation, Vol. 13 (Spring, 1997).

"Market Power in Electric Utility Mergers:  Access, Energy, and the Guidelines," Energy Law Journal, Vol. 17, No. 2 (1996). [Lexis-Nexis text]

"Market-Based Rates for Interstate Gas Pipelines:  the Relevant Market and the Real Market," (co-author) Energy Law Journal, Vol. 16, No. 2 (1995). [Text from Lexis-Nexis]

"PoolCo:  Inventing the Wrong Market," Public Utilities Fortnightly, July 1, 1995. [Text from Lexis-Nexis]

"Market-Based Rates for Interstate Gas Pipelines:  The Relevant Market and the Real Market," Energy Law Journal, Vol. 16, No. 2 (1995). [Text from Lexis-Nexis]

"The New Age of Natural Gas:  How the Regulators Brought Competition," Regulation, Vol. 16 (Win. 1993).

"The Costs of Rent-Seeking:  Evidence from Cellular Telephone License Lotteries," (co-author), Southern Economic Journal, Vol. 59 (Jan. 1993).

"Does Drug Use Decrease Wages?" (co-author), Industrial and Labor Relations Review, Vol. 45 (April 1992).