Selected Journal Articles

2006 'Exploiting the oil-GDP effect to support renewables deployment. Energy Policy, Volume 34, Issue 17, November 2006, Pages 2805-2819'
(with R. Sauter), Energy Policy In-press
Abstract : Publisher's download

2006 'Portfolio-Based Electricity Generation Planning: Policy Implications for Renewables and Energy Security,' Mitigation and Adaptation Strategies for Global Change, Volume 11, Number 3 / May, 2006
Publisher's download

2003 Book Review: Small Is Profitable: the hidden economic benefits of making electrical resources the right size, Amory B. Lovins, et. al. (with Anne-Marie Borbely-Bartis), Energy Policy, Vol. 31, No. 15, Pages 1705-08 (May).
Publisher's download

2003 A Note: The True Cost of Fossil-Fired Electricity in the EU, Modern Power Systems, (June).

2003 'The True Cost of Fossil-Fired Electricity in the EU: A CAPM-based Approach,' Power Economics, (May).

2003 'Determining the real cost: Why renewable power is more cost-competitive than previously believed,' Renewable Energy World, James & James, (March-April)
REW document (Word doc)

2000 'Investing in Photovoltaics: Risk, Accounting and the Value of New Technology,' Energy Policy, Special Issue, Vol. 28, No. 14 (November).
Abstract : Publisher's download

2000 'Regulation and Pricing for Distribution: Promoting DG Through Cost-Based Access and Usage Charges,' Public Utilities Fortnightly, (July) 1.

2000 'Getting It Right: The Real Cost Impacts of Renewables Portfolio Standard', Public Utilities Fortnightly, (February) 15

Applied Markowitz portfolio theory to show that contrary to widely held beliefs, a US Renewables Portfolio Standard will reduce expected generating cost.
2000 PUF Portfolio (Word doc)

1997 'Demystifying the Economic Realities of Securitization,' (with Leonard Hyman), The Electricity Journal, Vol. 10, No. 8 (October), 27-37.
Abstract : Publisher's download

1997 'The Virtual Utility– An Agenda,' Utility Automation, (September/October), 26-31.
The Virtual Utility (Website link)

1996 'Improving Resource Selection Under Restructuring: Risk, Accounting and the Value of New Technologies,' Energy, (September), 3-7.

1996 'Capital Budgeting, Technological Innovation and the Emerging Competitive Environment of the Electric Power Industry,' (with J. Dillard, T. Mouck, and A. Preston), Energy Policy, Vol. 24, No. 2, (February), 195-202.
Abstract : Publisher's download

1996 'Editor’s Introduction,' Energy Policy, Special Issue, 'Valuing the Benefits of Renewables,' Vol. 24, No. 2, (February).
Publisher's download

1995 'Market-Based IRP: It’s Easy!' Electricity Journal, Vol. 8, No. 3 (April), 50-67.
Abstract : Publisher's download

1995 'Do Consumers Discount the Future Correctly? A Market-based Valuation of Fuel Switching,' (with William Deehan), Energy Policy, Vol. 23, No. 1 (January) 57-69.
Abstract : Publisher's download

1993 'The Surprising Role of Risk and Discount Rates in Utility Integrated-Resource Planning,' The Electricity Journal, Vol. 6, No. 3, (April), 20-33.
Abstract : Publisher's download

1993 'Measuring the Costs of Photovoltaics in an Electric Utility Planning Framework,' Progress in Photovoltaics, Vol. 1, No. 2, (April), 153-164.

1992 'Depreciation For Regulated Firms Given Technological Pro-gress and a Multi-Asset Setting,' Utilities Policy, Volume 2, No. 3, (July), 228-239.
Abstract : Publisher's download

1992 'Depreciation and Profitability Under Rate of Return Regulation,' Journal of Regulatory Economics, Volume 4, 63-70.

1991 'A Fresh Look: Measuring Costs & Benefits of Photovoltaics,' Solar Today, Vol. 7, No. 1 (January/February) 1993; reprinted from, Proceedings, Solar World Congress 1991, Pergamon Press.

1988 'Accounting Rates of Return,' American Economic Review, (June) 581-587.
Full text available from JSTOR

1984 'Industrial Maturation, Market-to-Book Ratios and the Future of Electric Utilities,' Public Utilities Fortnightly, Vol. 113, No. 3 (February) 15-23.