Understanding Electric Power Systems: An Overview of the Technology, the Marketplace,
and Government Regulation, 2 Edition

Technological advances and changes in government policy and regulation have altered the electric power industry
in recent years and will continue to impact it for quite some time. Fully updated with the latest changes to
regulation, structure, and technology, this new edition of Understanding Electric Power Systems offers a real-
world view of the industry, explaining how it operates, how it is structured, and how electricity is regulated
and priced. It includes extensive references for the reader and will be especially useful to lawyers, government
officials, regulators, engineers, and students, as well as the general public. The book explains the physical
functioning of electric power systems, the electric power business in today's environment, and the related
institutions, including recent changes in the roles of the Federal Energy Regulatory Commission and the North
American Reliability Company. Significant changes that are affecting the industry are covered in this new edition,
including:

* The expanded role of the federal government in the planning and operation of the nation's electric utilities
* New energy laws and a large number of FERC regulations implementing these laws
* Concerns over global warming and potential impacts on the electric industry
* Pressures for expansion of the electric grid and the implementation of "smart-grid" technologies
* The growing importance of various energy-storage technologies and renewable energy sources
* New nuclear generation technologies
* The 2009 economic stimulus package l

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