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Utility Deregulation
Beginning of paper
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 street lights and to replace arc lighting systems dur ....
Middle of paper .... electric power resulted from two basic factors. The consolidation in the early 1900s of competing utilities often produced price fixing, and attempts to introduce competition would increase unit costs by forcing duplication of costly transmission and distribution networks.
Regulation is designed to serve as a substitute for competition so that th.... |
Word count: 1295 |
Page count: 5 |
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