Regulatory Rule Governing Indian Power Sector

The Indian Act document signed in 1876, resulted in the first nation people to give up their land, religion, culture, and rights. The government wanted the first nation people to give up their Indian status and be them, follow their culture.

The Regulators were a violent group. The leaders that were involved included Herman Husband, James Hunter, James Few, Charles Harrington, and Benjamin Merrill. They were dissatisfied with the colony’s wealthy, upper class leaders, who they considered corrupt and who imposed high taxes on the colonials. They rose up in rebellion against the Eastern tyrants. The culmination of their frustrations was directing their violence against the local and colonial leaders. After the battle, Tryon’s army traveled through Regulatory territory, where the Regulators sign loyalty oaths and destroyed properties of active Regulators. He raised taxes to pay for his militia’s defeat of the Regulators.

There have been positive attributes from the regulations. One of the positive effects on businesses is that enhanced environmental security has allowed for more investors to start trade in the regions with effective regulatory measures. This is because increased regulatory measures have resulted in the investors gaining not only positive returns, but also consumer trust due to their compliance (Lieberman, 2010). Therefore, there has been significant growth in investment; however, the negative influences have managed to cover these positive influences. The government has also managed to generate substantial amounts of money from the charges and used them in establishing a friendly environment for other potential investors.

The public interest theory of regulation, or economic theory of regulation states that industrial regulation is essential in maintaining a natural monopoly. Natural monopolies turning into a regular monopoly charging monopoly prices can be harmful to society. Something that everyone most generally uses or needs like public resources i.e. electricity and water. Almost every person in our society requires these resources. The initial cost for creating a firm that can provide these services is high. Some startup cost can include power stations as well as power lines, labor costs, the cost of producing the power, and many other costs. These naturally occurring costs can often bar entry or discourage entry into the industry. In the event that a firm does make it into the industry and starts producing these public resources such as

is duty bound to follow regulations and laws to ensure the safety of consumers by

Although the Ombudsman program has no authority to set or enforce specific standards of care, the program has been found to be a positive, if under-resourced, influence on quality of care. Take for example, the government enforcement of quality

Throughout the years there have been an influx of regulatory failures referenced to the government as “Regulation Dilemma’s” (Mills, 2010, p.8). The U.S. Securities & Exchange Commission (SEC) and Minerals Management Service (MMS) are two companies that have a high volume of regulatory violations. The SEC’s financial crisis and the MMS’ oil spill in the Gulf of Mexico have caused the government agencies to address the issues with the regulatory programs (Mills, 2010).

The Indian Gaming Regulatory Act was passed by the United States on October 17, 1988, to manage gaming on tribal lands. It provided the main framework by providing a legislative basis for operation of Indian gaming. It protected the right to game which encourages increases in revenue and economic development within tribes. It also ensured that the games were fair and honest. This law established the National Indian Gaming Commission, which is a independent federal regulatory agency within the Department of Interior. This commission is the only federal agency that is solely purposed to manage gambling, which sometimes involves other departments such as the U.S. Department of Justice. In my opinion, Indian gaming is positive and most likely

Tennessee Regulatory Authority regulates utilities. Specifically, it regulates energy, water, telecommunications, and gas sold through pipelines. One company that falls within these categories is the Piedmont Natural Gas. This company is a natural gas provider for more than 1 million residential and business customers in North Carolina, South Carolina, and Tennessee. This company is regulated because it is a natural gas company. Natural gas companies are regulated because there is supplier concentration in Tennessee. There are only 6 natural gas companies but Piedmont alone has more than 1 million customers. Natural gas is an important utility and Tennessee Regulatory Authority does not want that customers should be exploited by charging them

The Insurance industry is very heavily state regulated. According to the Government Accountability Office (GAO) study, the state run regulatory system is Federal verses State Regulation protecting the markets, insurance industry and policy holders and was evidenced during the financial crisis of 2008-09. The insurance business is highly profitable. “Well-run companies can make a lot of money, which breeds competition” from both “inside and outside competitors” (Property, 2013). Insurance companies were well “insulated” from the “severe” financial crisis of 2007-2008 that affected the banks and security firms, because the State regulations have the Insurance Industry “walled off” from Federal Regulations (Property, 2013). During the “Great Depression of the 1930s” “Insurance policy holders were protected by the states’ prudent supervision and regulation” (Property, 2013).

In both developed and underdeveloped economies, there is a need to put regulations which ensure that profits are not abnormally earned at the expense of the innocent clients. It is therefore the mandate of the territorial authorities to put in place measures that introduce checks and balances in all trades. The respective companies or business must also follow the same suit lest they find themselves in the crossroads of law. However,

Immediately identify CV as a licensed electricity supplier in the state who is not associated with the utility company.

S.B. 150 was presented by Senator Spearman. The purpose of this bill is to require the PUCN to establish annual goals for energy savings applicable to electric utilities in this state. The PUC originally stated that there would be no fiscal impact. After the bill was amended, the PUC submitted an “unsolicited” fiscal note of $487,618 over the biennium for a full time senior attorney, one part time senior attorney, and a part time regulatory economist.

The advantage to the regulated utility business is that its results are relatively stable and predictable because the government is basically making sure that you earn a certain amount of profit. One of the other advantages of regulated businesses is that you will be able to pass the costs of internal investments in improved infrastructure on to customers in the form of rate hikes. SJI plans to file its next rate case in 2016 with settlement in 2017. By contrast, unregulated businesses have results that can be extremely volatile, with this quarter's performance showing the impact that changing weather can have on year-over-year revenue and profits. It is expected that in 2015-2017, regulated business of SJI will contribute about 60-65% to its earnings and unregulated businesses would contribute about 35-40%. So South Jersey Industry plans to focus on regulated returns and thus building a foundation on demonstrated record of

The increase of market competition is gradually growing up. However, due to historical reasons the previous administrative system, official standard mechanisms of power began to seek a new variation. Therefore, relying on the existing administrative monopoly power is not a very healthy market mechanism to find new opportunities and operation model (Gottinger, 2013). The combined causes of administrative monopoly include the following main points: