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Environmental Law: Energy & Climate Change

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Environmental Law
Energy & Climate Change

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LAW 455

Energy Law

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[ Academia ] [ Litigation ] [ Regulatory & Policy ] [ Transactional ] Environmental Law: Energy & Climate Change

Why it is relevant for ...

[ Academia ] [ Litigation ] [ Regulatory & Policy ] [ Transactional ] as a Key Elective : Energy lawyers need to understand the very large role played by regulation in the energy industry, whether they represent energy suppliers or clients who deal with those suppliers. Electricity suppliers in particular are heavily regulated, in view of the critical need in the U.S. economy for a supply of reliable, low-cost and clean energy. This course offers an overview of the electricity supply system, a comprehensive focus on current and prospective federal and state regulation in this area, and an examination of incentives for energy efficiency and energy investment.

General course Description:

The supply of a reliable, low-cost, clean energy supply for the United States is a key determinant of current and future prosperity. Perhaps as a result, electricity suppliers are among the most heavily regulated of large firms. In this course, students will acquire a basic understanding of the electricity supply system, of rate based regulation of electric utilities, and of deregulated wholesale electricity markets. We will also interrogate the role of siting and cost recovery in development of a workable transmission grid. The course will then focus on various attempts at reform of both rate-regulated and wholesale market-based structures. In particular, we will examine various attempts to strengthen incentives for utility investment in energy efficiency. Finally, students will be familiarized with various approaches to subsidization of renewable energy. Throughout, the course will focus on the sometime cooperative, sometimes competing, but ever evolving federal and state roles in regulating the supply of electricity.

Course Style: A Substantive course teaches the law, theory, and policy in a particular area of law

Course Frequency: Varied, check w/ registrar

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