Power Structure examines the effects on economic  performance of several key features of the U.S. electric power  industry. Paramount among these are public versus private ownership,  vertical integration versus deintegration, and retail competition  versus monopoly distribution. Each of these, as well as other  structural characteristics of utilities and their markets, are  analyzed for their effects on costs and price.   These issues are important for a number of reasons. The U.S. electric  power industry is presently embarking on a fundamental restructuring  in terms of integration and competition. In other countries,  privatization of state-owned enterprises is being viewed as the answer  to unsatisfactory performance. From a longer perspective, the question  of the relative performance of publicly owned versus privately owned  utilities in the U.S. has never been resolved. And despite much  speculation there is little reliable evidence as to the importance of  either vertical integration or competition.

Power Structure: Ownership, Integration, and Competition in the U.S. Electricity Industry PDF

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