Towards a common energy future: Electric power and natural gas restructuring
While the symbiotic relationship between the natural gas and electric power industries is longstanding, the cycle of deregulation and restructuring that has swept both industries is now seen as driving them towards a common future. Until recently, this convergence theory was just that: a theory. Now, however, one is seeing tangible evidence that this convergence actually is occurring in the marketplace. Perhaps there is no greater evidence than the recently announced combination between Enron and Portland General Electric (not to mention the slightly more conventional combination between Houston Industries and NorAm). Without a doubt, there are multiple forces driving the electric power industry`s restructuring. Still, a strong case can be made that, at bottom, restructuring`s fundamental drivers are the combination of economic forces at work in the marketplace and technological innovation. And, with respect to both of these drivers, changes in the natural gas industry helped sow the seeds of electric restructuring.
- OSTI ID:
- 476827
- Journal Information:
- NRRI Quarterly Bulletin, Vol. 17, Issue 4; Other Information: PBD: Win 1996
- Country of Publication:
- United States
- Language:
- English
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