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Regulating Power: The Economics of Electrictiy in the Information Age
Carl Pechman
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Description for Regulating Power: The Economics of Electrictiy in the Information Age
Paperback. Series: Topics in Regulatory Economics and Policy. Num Pages: 229 pages, biography. BIC Classification: KCD; RNF; THR. Category: (P) Professional & Vocational. Dimension: 235 x 155 x 13. Weight in Grams: 385.
Modem industrial society functions with the expectation that electricity will be available when required. By law, electric utilities have the obligation to provide electricity to customers in a "safe and adequate" manner. In exchange for this obligation, utilities are granted a monopoly right to provide electricity to customers within well-defmed service territories. However, utilities are not unfettered in their monopoly power; public utility commissions regulate the relationship between a utility and its customers and limit profits to a "fair rate of return on invested capital. " From its inception through the late 1970s, the electric utility industry's opera tional paradigm ... Read more
Modem industrial society functions with the expectation that electricity will be available when required. By law, electric utilities have the obligation to provide electricity to customers in a "safe and adequate" manner. In exchange for this obligation, utilities are granted a monopoly right to provide electricity to customers within well-defmed service territories. However, utilities are not unfettered in their monopoly power; public utility commissions regulate the relationship between a utility and its customers and limit profits to a "fair rate of return on invested capital. " From its inception through the late 1970s, the electric utility industry's opera tional paradigm ... Read more
Product Details
Format
Paperback
Publication date
2012
Publisher
Springer-Verlag New York Inc. United States
Number of pages
229
Condition
New
Series
Topics in Regulatory Economics and Policy
Number of Pages
229
Place of Publication
New York, NY, United States
ISBN
9781461364337
SKU
V9781461364337
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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