CONTENTS xi Preface xiii Acknowledgements xv Foreword INAUGURAL SESSION 3 Welcome address R K Pachauri 6 Independent regulation and infrastructure development Deepak Parekh 9 Keynote address Developments in competition and regulation of the British electricity industry Stephen C Littlechild 18 Inaugural address Jagmohan 22 Special address Linda K Breathitt 23 Vote of thanks Leena Srivastava PLENARY SESSIONS Plenary session 1 Policy and legal framework for regulation 27 Policy and legal framework for regulation S L Rao 33 Research in a transitional regulatory environment Raymond W Lawton 39 Framework for regulation: the Indian experience S Sundar and S K Sarkar Plenary session 2 Issues in tariff/pricing 54 Issues in tariff/pricing: future directions for regulation of India's infra-structure sectors R K Pachauri 63 Tariff reform and regulation Rakesh Mohan POWER 69 Background paper K Ramanathan and Gaurav Bhatiani Session 1 Regulatory framework 99 Regulatory reform in the state electricity sector M G Ramachandran 104 Basic issues of regulation in the Indian power sector D KRoy 114 Evolution of energy regulation in the United States Linda K Breathitt Session 2 Market structure 121 Transition to a liberalized environment: regulation and market structure R V Shahi 128 Choice of a power market model for India K Ramanathan 137 Reform and regulation in the Indian power sector Sarah P Voll and Michael B Rosenzweig 157 Deregulation, privatization, and promotion of competition: an Australian success story Sohail Hasnie 183 Creating a competitive electricity industry: restructuring in Massachusetts James Connelly Session 3 Tariff setting 187 Tariff setting for power: the Israeli experience Chaim Elata, David Assous, and Moshe Tsur 198 Tariff reform in India: a review of directions and issues Sanjeev S Ahluwalia 215 Availability tariff: an overview Bhanu Bhushan 219 Power: tariff setting Mary Clark Webster Session 4 Regulatory reforms: present and future strategies 224 Effectiveness of regulatory reforms: present and future strategies Manubhai Shah 228 Regulatory reforms: expectations of rural energy and renewable energy sectors B S K Naidu 233 Regulating technological change in the electricity sector: thinking beyond today Ajay Mathur 238 Regulation in India: the next step Jim Bever 240 Recent reforms in the Australian electricity supply industry Allan Asher 250 Summary of question and answer sessions PORTS 255 Background paper S Sundar and S K Sarkar Session 1Regulatory framework 263 Regulation in the transition to liberalized economy S. Venkiteswaran 265 Australian port authority reform Allan Asher Session 2 Market structure 277 Transition to liberalized integrated infrastructure development Nikhil Gandhi 281 Ports: market structure R R Sinha 282 Indian ports: transition to a liberalized environment Amal Chakravorty Session 3Tariff setting 287 Application of revenue yield price control to Victorian ports Sohail Hasnie 305 Tariff setting: changes in port pricing Swapan Chakrabarti Session 4 Regulatory reforms: present and future strategies 308 Regulation in the port sector M P Pinto 312 Regulatory reforms: present and future strategies Nikhil Gandhi 316 Summary of question and answer sessions TELECOM 321 Background paper Rakesh Kapur Session 1 Regulatory framework 330 Experiences and issues in telecom regulation T H Chowdary 334 Regulatory frameworks for developing countries Mahesh Uppal 337 Regulatory aspects: industry's view T V Ramachandran 341 NewTelecom Policy 1999: suggestions for formulation S Kulkarni 343 Regulatory framework Virat Bhatia Session 2 Market structure 346 Competitive multi-operator environment in developing markets M Z Doja 351 Optimizing investments without compromising competitive benefits Ashok Barat 355 Market structure Richard D French 362 From monopoly to competitive market regulation: the Massachusetts experience James Connelly Session 3 Tariff setting 365 Tariff setting: a Canadian regulatory perspective Fred G Bigham 367 Tariff setting and cost separations: a company's point of view Dave Lindsay 368 Tariff settings S P Punvar 372 Tariff policy: some considerations Harsha Vardhana Singh Session 4 Regulatory reforms: present and future strategies 374 Impact of the new telecom policy KVijay Rao 380 Current scenario and recommendations for the future Hemant Luthra 393Microeconomic analysis of Indian market conditions Eric Buerkler 395 The Australian Competition and Consumer Commission in the open competitive telecommunications market Allan Asher OlL AND GAS 411 Background paper: issues in the deregulation of the oil and gas sector R K Narang, Ardhendu Sen, and Leena Srivastava Session 1 Regulatory framework 427 Legal and regulatory framework for the oil and gas sector in India Jyoti Sagar 431 Regulatory framework R K Narang 436 Regulatory authority M S Ramachandran 440 Need for an integrated regulatory authority for the hydrocarbons sector J MB Baruah 443 Implementation of a regulatory framework: the Indian gas industry R P Sharma Session 2Market structure 450 Oil marketing reforms: concerns P Raghavendran 453 Market issues R K Batra 456 Market structure after deregulation: promoting competition among public sector oil companies S Behuria 464 Market structure SNJha Session 3 Tariff setting 468 Regulatory framework for the gas industry in India J. K Jain 475 Tariff setting and pricing: oil and gas sector Larry B Morse 479 Tariff and price setting in the oil sector V. K. Chawla Session 4 Regulatory reforms: present and future strategies 481 Regulatory reforms: implementing strategies Subir Raha 496 Can the tortoise always win? Petroleum deregulation in India Leena Srivastava 501 Transition to a liberalized environment: comment on implementation strategies Joanne M Kauffman 505 Australian gas reform Allan Asher 516 Summary of question and answer sessions CONCLUDING SESSION 521 Presentation of session discussions: power Gaurav Bhatiani 523 Presentation of session discussions: ports C.S. Venkatraman 526 Presentation of session discussions: telecom M Karuppasamy 528 Presentation of session discussions: oil and gas Rahul Deep Singh 530 Panel discussion 540 Concluding remarks R K Pachauri 543 Vote of thanks S. K. Sarkar 545 Index 573 Appendix 1 Programme 579 Appendix 2 List of speakers 585 Appendix 3 List of participants