Suchergebnisse

A short history of deregulation -- Recent regulatory history -- Enron -- Deregulation -- Notes -- Corporate self-regulation: form versus substance -- The monitoring board -- Northeast Utilities: a failed competitive strategy -- Cost containment -- Cost containment versus safety regulation -- Short-term earnings increase -- Shutdown and financial crisis -- Enron: abdication of the board -- Background -- Financial engineering -- The Enron board -- Subcommittee findings -- High-risk accounting -- Conflicts of interest -- Inadequate public disclosure -- Royal Dutch Shell Group: management by committee -- The Davis, Polk & Wardwell report -- The Knight Vinke Institutional Partners memorandum -- The financial service authority final notice -- SEC enforcement -- Epilogue -- Observations -- Notes -- Corporate self-regulation: the accountant as gatekeeper -- Introduction -- Auditor acquiescence -- Generally accepted principles and standards -- The audit process -- CMS Energy Corp.: revenue inflation through round-trip trading -- Background -- Auditor's guidance -- Restatement -- Aftermath -- Accounting rules -- Enron: mark-to-market accounting writ large -- History -- Accounting guidance -- Enron seizes the day -- Accounting rules and accounting firms -- Observations -- Notes -- FERC's shortfall as market regulator -- Background -- FERC's legal mandate -- The filed-rate doctrine -- Hub-and-spoke system -- Electric industry mergers -- Observations -- Notes -- The deregulated gas supply market -- Emerging problems -- El Paso: affiliate abuse and market manipulation -- Manipulation of the California energy market -- Settlement and aftermath -- Enrononline: trading platform as manipulation tool -- FERC staff's initial inquiry -- Final report -- Market manipulation of published natural gas indexes -- Dynegy -- AEP -- Williams -- El Paso -- Other companies -- Epilogue -- Observations -- Notes -- Implosion of the California electricity market-Part I -- Background -- The calm before the storm -- Crisis onset -- FERC proceedings -- Notes -- Implosion of the California electricity market-Part II -- Enron's trading schemes -- Load shift -- Ricochet, or megawatt laundering -- Fat boy, or inc-ing load -- Nonfirm exports, death star, and wheel out -- Get shorty -- Selling nonfirm power as firm power -- The investigations widens -- Withholding -- Submitting false load schedules -- Megawatt laundering -- Congestion games -- Ancillary services scams -- Uninstructed generation games -- Sharing nonpublic outage information-and collusion -- Root cause -- Refunds for overcharges -- California goes to court -- Remedial action and settlements at FERC -- FERC revisits market-based rates -- Observations -- Notes -- Market design -- Background -- Order 2000 -- The ramp-up to standard market design -- Standard market design -- Industry reaction and FERC response -- Observations -- Notes -- Changing the ground rules -- Energy Policy Act -- PUHCA repeal -- Merger review authority -- Electricity market transparency, manipulation, and enforcement -- Market transparency -- Manipulation -- Enforcement -- Economic dispatch, native load, and locational installed capacity -- Transmission siting and incentives -- Transmission siting -- Incentive-based transmission rates -- Long-term transmission rights -- Reliability -- PURPA -- Notes -- Conclusion -- The competitive power market brief -- Market design -- Rethinking electricity restructuring -- Real-world response -- A holistic view -- Notes

The Anointed -- The Past Remembered -- An Ancient Rivalry -- "Morgan's Attorney General" -- Railroads & Railroad Reorganizations -- Age of Trusts & The Progressive Era -- William Nelson Cromwell & The Panama Canal -- Sullivan & Cromwell, National & International -- The Cravath System and Cravath the Man -- Early Cravath Alumni -- Robert Swaine and Cravath's Reorganization Practice -- he Creation of Davis Polk & Wardwell -- John W. Davis's Law Firm -- Sullivan & Cromwell and Opportunity in the Aftermath of War -- The Advent of Regulation -- Fighting the New Deal -- The Dulles Brothers and the Postwar World -- Change Comes to Davis Polk -- Back to the Future.