Negotiated settlements and intergenerational equity in the pipeline service market: borrowing from Pete jr. to pay Paul sr.

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dc.contributor.advisorHollis, Aidan
dc.contributor.advisorAuld, M. Christopher
dc.contributor.authorFellows, Garret Kent
dc.date.accessioned2017-12-18T22:04:48Z
dc.date.available2017-12-18T22:04:48Z
dc.date.issued2010
dc.descriptionBibliography: p. 137-140en
dc.description.abstractThe movement from traditional regulatory hearings to negotiated settlements represents both a departure from cost of service regulation and a relaxation of regulatory oversight in the regulation of oil and gas pipeline tolls. Under negotiated settlements pipelines and shippers are able to renegotiate inclusions in their cost of service while simultaneously creating a profit margin for the pipeline where none existed under the cost of service outcome of a traditional hearing. Predicated on the observed preference of pipelines and shippers for negotiated settlements; most economic literature assumes that these settlements represent increased efficiency over hearings. Various claims have been made as to why negotiated settlements are more efficient than hearings but little attention is paid to other elements that affect these preferences without increasing efficiency. This thesis constructs a model to illustrate the existence of positive gains to pipeline and shipper from the re-allocation of expenses through time. This inter-temporal reallocation implies higher tolls for future shippers which is a concern for the National Energy Board (responsible for regulating Canadian oil and gas pipelines) as it places an unfair burden on future shippers and future end consumers of oil and gas. Behaviour consistent with the model is observable in anecdotal and econometric evidence provided in this thesis. Empirical investigation by Littlechild (2007) into settlement procedures in the Florida electricity market reveal similar findings; however, this analysis represents the first attempt to model the behaviour formally and provide econometric results. The econometric analysis uses new data collected and compiled specifically for this thesis.
dc.format.extentix, 145 leaves : ill. ; 30 cm.en
dc.identifier.citationFellows, G. K. (2010). Negotiated settlements and intergenerational equity in the pipeline service market: borrowing from Pete jr. to pay Paul sr. (Master's thesis, University of Calgary, Calgary, Canada). Retrieved from https://prism.ucalgary.ca. doi:10.11575/PRISM/3366en_US
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/3366
dc.identifier.urihttp://hdl.handle.net/1880/104367
dc.language.isoeng
dc.publisher.institutionUniversity of Calgaryen
dc.publisher.placeCalgaryen
dc.rightsUniversity of Calgary graduate students retain copyright ownership and moral rights for their thesis. You may use this material in any way that is permitted by the Copyright Act or through licensing that has been assigned to the document. For uses that are not allowable under copyright legislation or licensing, you are required to seek permission.
dc.titleNegotiated settlements and intergenerational equity in the pipeline service market: borrowing from Pete jr. to pay Paul sr.
dc.typemaster thesis
thesis.degree.disciplineEconomics
thesis.degree.grantorUniversity of Calgary
thesis.degree.nameMaster of Arts (MA)
ucalgary.item.requestcopytrue
ucalgary.thesis.accessionTheses Collection 58.002:Box 1924 627942767
ucalgary.thesis.notesUARCen
ucalgary.thesis.uarcreleaseyen
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