College of Law

Regulating Public Utilities

Regulating Public Utilities

DATE: Thursday, November 7 2024
TIME: 12:15 pm - 1:15 pm MST
LOCATION: College of Law and Virtual Event
COST: Free and open to the public.
1 hour CLE (pending).

20th Annual Stegner Center Young Scholar Lecture with Joshua Macey


This presentation will discuss the legal and economic challenges to regulating public utilities. It analogizes public utility regulation to bank regulation, explains why it is difficult for regulators to use liability rules and other price-based deterrence mechanisms to discipline utilities ex post, and argues that regulators and policymakers should therefore apply principles from financial regulation to the regulation of electric utilities.



Joshua Macey is an Associate Professor of Law at Yale Law School. Macey teaches and writes about bankruptcy, environmental law, energy law, and the regulation of financial institutions. Macey’s latest work focuses on the fragility of the nation’s electric grid and offers strategies to improve grid reliability and accelerate the transition to new sources of energy.

In 2023, the American Bankruptcy Institute named Macey to its list of 40 Under 40 Emerging Leaders in Insolvency Practice. Macey has also won the Morrison Prize — awarded to the “most impactful sustainability-related legal academic paper published in North America during the previous year” — for three consecutive years (given, respectively, for “Zombie Energy Laws,” 73 Vanderbilt Law Review; “Long Live the Federal Power Act’s Bright Line,” 134 Harvard Law Review; and “Clean Energy Through Grid Reliability,” 74 Stanford Law Review).

Prior to his appointment at Yale Law School, Macey served as an Assistant Professor of Law at the University of Chicago LawSchool. He served on the University of Chicago Law School’s Journal and Faculty Appointments Committees, as well as the University of Chicago Business Law Review’s Faculty Advisory Board.

From 2019 to 2020, Macey was a Visiting Assistant Professor of Law at Cornell Law School. He previously worked at Morgan Stanley and clerked for Judge J. Harvie Wilkinson III of the U.S. Court of Appeals for the Fourth Circuit. Macey also co-authored the sixth edition of the leading energy law casebook, Energy, Economics, and the Environment.

Macey holds a B.A. from Yale College and an M.Sc. from the London School of Economics and Political Science. He earned a J.D. from Yale Law School, where he served as an Editor of the Yale Law Journal.


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