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The use of electronic communications in conjunction with electric power systems dates back to almost the beginning of electricity in the United States, not surprising given the geographically dispersed nature of electric power infrastructure. As power system technology advanced, communications shifted from analog to digital, and uses expanded to include grid state telemetry transport, protection and control, metering data transport, electricity market participation, interorganizational coordination, and customer communication.

Measured against the lofty expectation and goal that financial reform would prevent the next financial crisis, an objective observer would likely regard the U.S. financial reforms contained in the recently [...]

Banks need to comply with customer identification rules by October 1, 2003, as per the implementation of the USA PATRIOT Act by federal regulatory agencies. An overview of the requirements, development, and implementation of customer identification program is provided.

This article reviews the scope of the self-testing privilege as set forth in the Economic Growth and Regulatory Paperwork Reduction Act of 1996 and discusses the Federal Reserve Board's definition of self-test and the additional requirements imposed by Regulation B and the FRB's Official Staff Commentary. The author argues that the self-testing privilege will not have much effect on creditors and their compliance with the Equal Credit Opportunity Act.

The article focuses on utilizing advanced meter infrastructure (AMI) or smart meters in smart grids. It presents the limitations of AMI systems or low-voltage, residential meters as they lack the capacity to measure reactive power. However, it suggests that adequate planning on the communication and data-handling systems may increase the capabilities of AMI. Devices such as sensors and medium voltage (MV) feeders are also mentioned.

Examines the new Securities & Exchange Commission proposal that proposes new bank "pushout" rules under the Securities Exchange Act; How the agency suspended its original rules in May after complaints that the rules would disrupt a variety of established bank activities; Why the agency has failed in this issue; Background on the broker-deal regulations; The Gramm-Leach-Bliley Act which gave the agency the right to regulate bank securities but had to do so without unnecessarily disrupting traditional bank activities; How the rules try to address to conflicting considerations; Belief the end result will satisfy neither party.