Policy Documents

Rethinking Electricity Restructuring

Peter Van Doren and Jerry Taylor –
November 30, 2004

In this Policy Analysis, the authors write that throughout most of the 20th century the electricity sector in the United States was characterized by balkanized regional and state supply systems with significiant barriers to trade between them. Those supply systems were vertically integrated (that is the same company owned the power generation facility, the ttansmission lines that delivered the power to local transfer stations, and the neighborhood power lines that brought electricity from transfer stations to the home", unchallenged by competitors, and regulated every step of the way by state public utility commissions.