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.

40



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