Electricity Market Structure and Infrastructure

"Infrastructure investment is a common focus of energy policies proposed for the United States. Initiatives to improve energy security, meet growing demand, or address climate change and transform the structure of energy systems all anticipate major infrastructure investment. Long lead times and critical mass requirements for these investments present chicken-and-egg dilemmas. Without the necessary infrastructure investment, energy policy cannot take effect. And without sound policy, the right infrastructure will not appear. Acting in time to provide workable policies for infrastructure investment requires a framework for decisionmaking that identifies who decides and how choices should be made."