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Utility Deregulation
Beginning of essay
The electric utility industry began in the late 1870's as street lighting and electric railway business by private electric companies. Through the years it has grown to become one of the nation's largest business enterprises. Some municipally owned electric systems were established to provide str ....
Middle of essay ....ts by forcing duplication of costly transmission and distribution networks.
Regulation is designed to serve as a substitute for competition so that the economies resulting from using a single supplier are passed onto the customers. A revolution is also occurring in the regulation of what was once viewed as natural monopolies. Public utilities used to receive a franchise to be the sole local supplier. In return, they had to provide virtually universal service at regulated rates and were guaran.... |
Number of words: 1295 |
Approximate pages: 5 |
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