Business Law – Public Utilities Regulation Research Paper This paper is due by May 12, 2020, by 11:59 p.m. which is the date of our final exam. Papers will be given no credit if received after the due date given time constraints for final grades. If you would like to submit a draft of your paper to me for review and feedback prior to the May 12, 2020 due date, please submit by May 1, 2020 and I will be sure to get the paper back to you well before the May 12th due date. Please upload your paper in Blackboard as a Word® document. If you have trouble uploading the paper, it could be due to the browser you’re using. Grading Criteria: ? Your paper must have a cover page and a separate reference page. It should be double- spaced and between 750 – 1000 words in length. This word count does not include references or title page. Please include page numbers. ? Your research must include between 3 – 5 different sources. Of course, you may use more. An effective and in-depth use of these sources must be evident with proper APA formatting of references in the reference section. Further, the use of in-text citations when paraphrasing or using direct quotes must be evident. Points will be deducted when citations and references are not in proper format and/or not used where it is evident that citations were appropriate and/or needed. ? The body of your paper must adequately answer and develop the prompts outlined below. Course terms should be applied appropriately and examples should be used to illustrate the topics in the prompts below. ? Correct grammar must be evident throughout the paper. Paper should appear to have been well-proofread. Your first indication of grammatical errors can sometimes be the blue or red lines that MS Word places under certain words – please pay attention to these indicators and double check them for possible grammatical errors. Consider running your paper through a site like “grammarly.com” using some of its free resources, prior to submission. Your paper should address the following prompts – they are not optional; you must answer/address all four prompts below, in your paper. 1. Discuss the evolution of public utilities regulation and law. When tracing its history be sure to identify the industries that were once heavily or exclusively monopolized and how some of those industries have evolved away from their monopolistic natures and how some have not. 2. Identify and discuss some of the most important reasons this body of law and regulations exist – in other words, describe some of the rights they protect and the remedies they provide. When describing the area of public utility regulation, be sure to discuss the concept of a natural monopoly and why there is a need for regulation by authorities like PURA in CT for example. 3. How does regulation and the administrative process attempt to imitate the economic concepts of supply and demand and competition? Why is it necessary for regulatory authorities such as the CT Public Utilities Regulatory Authority (PURA) under the Department of Energy and Environmental Protection (DEEP) to promote the simulation of these economic market forces? 4. Choose a public utility company and provide a brief overview of the company and describe a regulatory issue involving the company. For example, PURA in CT investigated Direct Energy for allegations that it made misleading statements in its marketing campaign with regard to kilowatt hours that it was billing and that it misrepresented the savings that customers could realize and made misleading statements regarding its early termination fee.
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