U.S. Utility Mergers and the Restructuring of the New Global Power Industry - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook U.S. Utility Mergers and the Restructuring of the New Global Power Industry write by Edward B. Flowers. This book was released on 1998-05-30. U.S. Utility Mergers and the Restructuring of the New Global Power Industry available in PDF, EPUB and Kindle. Consume thy rival may be the new law of corporate survival in the U.S. utilities industry. This book describes close to $70 billion of global utility mergers stemming from the anticipated deregulation of the U.S. gas and electrical utilities industries. Occurring from 1995 to 1997, these mergers are completely restructuring U.S. power utilities. Thirty-seven billion dollars of these mergers, a full 53 percent, occurred abroad. About two-thirds of the foreign mergers were U.S. takeovers, while the remaining one-third was mergers, defensive and otherwise, of U.K. firms with other U.K. firms. This may be the first time U.S. industrial restructuring has generated more investment abroad rather than in domestic markets. Exploring the diversity of strategies and changes driving these mergers, the author concludes that although complex, the mergers can be explained by strategies traditionally used in domestic M&As. These very large U.S. utilities now consider themselves to be operating in a global industry of private, deregulated utilities, and they are determined to survive through mergers that help them cut costs, spread expenses, and increase profits.
Regulating Mergers and Acquisitions of U.S. Electric Utilities: Industry Concentration and Corporate Complication
Regulating Mergers and Acquisitions of U.S. Electric Utilities: Industry Concentration and Corporate Complication - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Regulating Mergers and Acquisitions of U.S. Electric Utilities: Industry Concentration and Corporate Complication write by Scott Hempling. This book was released on 2020-10-30. Regulating Mergers and Acquisitions of U.S. Electric Utilities: Industry Concentration and Corporate Complication available in PDF, EPUB and Kindle. What happens when electric utility monopolies pursue their acquisition interests—undisciplined by competition, and insufficiently disciplined by the regulators responsible for replicating competition? Since the mid-1980s, mergers and acquisitions of U.S. electric utilities have halved the number of local, independent utilities. Mostly debt-financed, these transactions have converted retiree-suitable investments into subsidiaries of geographically scattered conglomerates. Written by one of the U.S.’s leading regulatory thinkers, this book combines legal, accounting, economic and financial analysis of the 30-year march of U.S. electricity mergers with insights from the dynamic field of behavioral economics.
Power Loss
Power Loss - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Power Loss write by Richard F. Hirsh. This book was released on 2002-07-26. Power Loss available in PDF, EPUB and Kindle. In the late 1990s, the formerly staid and monopolistic electric utility industry entered an era of freewheeling competition and deregulation, allowing American consumers to buy electricity from any company offering it. In this book, Richard F. Hirsh explains how and why this radical restructuring has occurred. Hirsh starts by describing the successful campaign waged by utility managers in the first decade of the twentieth century to protect their industry from competition. The regulated system that emerged had the unanticipated consequence of endowing utility managers with great political and economic power. Seven decades later, a series of largely unanticipated events, including technological stagnation in traditional generating equipment, the 1973 energy crisis, and the rise of the environmental movement, undermined the managers' control of the system. New players, such as academics, environmental advocates, politicians, and potential competitors, wrested control from power company managers by challenging utilities' standing as "natural monopolies" and by questioning whether their firms provided universal benefits. In other words, the once-closed system came under increasing pressure to transform itself. Hirsh follows the flow of power as this transformation occurred. He also examines the relationship between technological change and regulation, showing how innovations such as cogeneration and renewable energy technologies stimulated questions about the value of government oversight of the system. And he shows how the increasing prominence of ideas such as conservation, energy efficiency, and free markets helped propel the system toward open competition. Though the new electric utility system is still in its infancy, Hirsh's perceptive account of its birth will help readers think more rationally about its future.
Electricity Restructuring in the United States
Electricity Restructuring in the United States - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Electricity Restructuring in the United States write by Steve Isser. This book was released on 2015-04-16. Electricity Restructuring in the United States available in PDF, EPUB and Kindle. The electric utility industry in the US is technologically complex, and its structure as a classic network industry makes it intricate in business terms as well, so deregulation of such a complicated industry was a particularly detailed process. Steve Isser provides a detailed and comprehensive analysis of the history of the transformation of this complex industry from the 1978 Energy Policy Act to the present, covering the economic, legal, regulatory, and political issues and controversies in the transition from regulated utilities to competitive electricity markets. The book is a multidisciplinary study that includes a comprehensive review of the economic literature on electricity markets, the political environment of electricity policymaking, administrative and regulatory rulemaking, and the federal case law that restrained state and federal regulation of electricity. Isser offers a valuable case study of the pitfalls and problems associated with the deregulation of a complex network industry.
The Restructuring of the Electric Power Industry
The Restructuring of the Electric Power Industry - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Restructuring of the Electric Power Industry write by . This book was released on 1998. The Restructuring of the Electric Power Industry available in PDF, EPUB and Kindle.
