Table of Contents

Preface Participants Comments by James E. Nugent, Chairman, Railroad Commission of Texas Introduction: Natural Gas Policy in Turmoil by Joseph P. Kalt and Frank C. Schuller Part I. The Setting: Markets and Policy The Outlook for Domestic Supply and Demand by John C. Sawhill Comments by James R. Gattis, Manager, Natural Gas Planning, Shell Oil Company U.S. Links to North American Supply Markets by Henry Lee Comments by Robert B. Catell, Executive Vice President, The Brooklyn Union Gas Company Comments by Joseph E. Ramsey, Vice President, Rates and Strategic Planning, Tennessee Gas Transmission Company The Boundaries Between Regulation and Competition by William W. Hogan Part II. The Redesign of Regulatory Policy Market Power and the Possibilities for Competition by Joseph P. Kalt Comments by John B. Boatwright, Coordinator of Economics, Corporate Planning Department, Exxon Company, U.S.A. Comments by Frederick E. John, Vice President, Regulatory Affairs, Southern California Gas Company Deregulating Entry and Access to Pipelines by Harry G. Broadman Comments by Catherine G. Abbot, Vice President, Gas Supply and Marketing, Transwestern Pipeline Company Comments by Philip R. O'Connor, Chairman and Chief Executive Officer, Palmer Bellevue Corporation State Policies Under Pressure by Colin C. Blaydon Comments by Daniel E. Gibson, Vice President, Fuel Resources, Pacific Gas and Electric Company Comments by Robert Johnston, Chairman, Arkansas Public Service Commission and David Sullins, Arkansas Public Service Commission Staff Part III. Designing Strategies for Competition The Roles of Differentiation and Regulation by Frank C. Schuller Comments by Wayne D. Johnson, President, Entex, Inc. Comments by Frank M. Weisser, Principal, Morgan Stanley and Company, Inc. The Role of Regulation in Risk Allocation by Carmen D. Legato Comments by Joshua Bar-Lev, Attorney, Pacific Gas and Electric Company Getting Regulation from "Here" to "There" by George R. Hall Index

About the Author

JOSEPH P. KALT is Associate Professor of Economics at Harvard University and Research Fellow at the Energy and Environmental Policy Center, Kennedy School of Government, Harvard.

FRANK C. SCHULLER is Lecturer at the Amos Tuck School of Business Administration, Dartmouth College.

Reviews

?Few areas of public policy rival the complexity of the patchwork quilt of regulations and market forces that governs the production, transportation, and distribution of natural gas. Add to this inherent complexity the rather dramatic changes that this industry has undergone in the last few years and the need for a first-rate, up-to-date guide becomes clear. This excellent book fills the bill. A report from the Harvard Study on the Future of Natural Gas Policy, this publication reflects the ideas, discussions, and debates of nine distinguished authors and more than seventy experts from business, government, and academia. Divided into three major parts--The Setting: Markets and Policy, ' The Redesign of Regulatory Policy, ' and Designing Strategies for Completion'--the analysis in the ten chapters is penetrating and the disagreements among participants is openly documented. Virtually everyone with some interest in natural gas policy will find something of value in this book. College, university, and large public library collections.?-Choice

"Few areas of public policy rival the complexity of the patchwork quilt of regulations and market forces that governs the production, transportation, and distribution of natural gas. Add to this inherent complexity the rather dramatic changes that this industry has undergone in the last few years and the need for a first-rate, up-to-date guide becomes clear. This excellent book fills the bill. A report from the Harvard Study on the Future of Natural Gas Policy, this publication reflects the ideas, discussions, and debates of nine distinguished authors and more than seventy experts from business, government, and academia. Divided into three major parts--The Setting: Markets and Policy, ' The Redesign of Regulatory Policy, ' and Designing Strategies for Completion'--the analysis in the ten chapters is penetrating and the disagreements among participants is openly documented. Virtually everyone with some interest in natural gas policy will find something of value in this book. College, university, and large public library collections."-Choice