April 18, 2012
Catherine Wolfram, associate professor and co-director of the Energy Institute at the University of California Berkeley’s Haas School of Business, will discuss her research about how the deregulation and consolidation of the nuclear power industry has led to increased operating efficiency, saving money and reducing carbon dioxide emissions.
The event is sponsored by the Center for Business and Public Policy at Georgetown University’s McDonough School of Business as part of its Evolution of Regulation Series. The series invites economists, lawyers, business people, and policy makers to reflect on the evolution of regulation, focusing on identifying regulatory policy changes that can improve economic outcomes.
Friday, April 20, 9 a.m.
Breakfast will be served.
Georgetown University Law Center
McDonough Hall Room 588
600 New Jersey Avenue, NW
Washington, DC
RSVP: http://cbppevofregenergy.eventbrite.com
Media who are interested in covering the event should contact Teresa Mannix, director of media relations, at (202) 687-4080 or tmm53@georgetown.edu.
For the first four decades of its existence, the U.S. nuclear power industry was run by regulated utilities, with most companies owning only one or two reactors. Beginning in the late 1990s, electricity markets in many states were deregulated and almost half of the nation’s 103 reactors were sold to independent power producers selling power in competitive wholesale markets. Deregulation has been accompanied by substantial market consolidation, and today the three largest companies control more than one-third of all U.S. nuclear capacity. Wolfram’s research finds that deregulation and consolidation are associated with a 10 percent increase in operating efficiency, achieved primarily by reducing the frequency and duration of reactor outages. At average wholesale prices the value of this increased efficiency is approximately $2.5 billion annually and implies an annual decrease of almost 40 million metric tons of carbon dioxide emissions.
About the Georgetown Center for Business and Public Policy
The Georgetown Center for Business and Public Policy is an academic, non-partisan research center whose mission is to engage scholars, business people and policymakers in relevant inquiries and dialogue to impact key business, economic and public policy issues confronting American and international businesses today. Housed at Georgetown University's McDonough School of Business, the Georgetown Center was created in 2002 to encourage thoughtful discussion and to document and disseminate knowledge on a range of issues in the public interest.
About Georgetown University’s McDonough School of Business
Georgetown University’s McDonough School of Business is a premier business school located at the center of world politics and business in Washington, D.C. Some 1,400 undergraduates, 1,000 MBA students, and 1,200 participants in executive education programs study business with an intensive focus on leadership and a global perspective. Founded in 1957, the business school today resides in the new Rafik B. Hariri Building, a state-of-the-art facility that blends the tradition of Georgetown University with forward-thinking functionality. For more information about Georgetown’s McDonough School of Business, visit http://msb.georgetown.edu.