Emissions Trading, Electricity Industry Restructuring and Investment in Pollution Abatement

Table 1. Summary Statistics by Electricity Market Type¹

Variable	Restructured	Regulated
# Units	302	286
# Facilities	109	99
Capacity (MW)	277	273
	(245)	(266)
Pre-retrofit NOx emissions (lbs∕mmBtu)	0.51	0.55
	(0.20)	(0.23)
Pre-retrofit summer capacity factor (%)	64	67
	(16)	(14)
Pre-retrofit heat rate (kWh∕btu)	11,378	11,536
	(2176)	(1739)
Unit Age (years)	43	42
	(11)	(11)

¹Summary statistics generated using the data from the 588 units used to estimate the model.

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