In this month’s issue, Olga Gorstenko’s editorial letter locates recent U.S. electricity market trends, suggesting that the U.S. power industry is about to experience significant changes. Olga returns to the topic of the U.S. power industry in this month’s In Depth article, which addresses a possible movement towards consolidation in the U.S. Western electricity market as a result of recent environmental regulations and the expansion of CaISO’s Energy Imbalance Market. Numerous short articles provide updates on FERC’s planned revisions to pricing mechanisms for energy and ancillary markets, Argus’s new LNG assessments, and more.