Deregulation and mergers: Is consolidation inevitable?
As the electric power industry moves toward deregulation and a regime of competition, a giant regulatory inquest has begun, invoking antitrust principles to avoid allowing any anticompetitive concentration of ownership and control. The competition that is contemplated for the electric power industry is, of course, in the market for electric generation. But what has not been much addressed is the crucial circumstance that electric generation has never before operated in a competitive environment. We know little about the {open_quotes}natural{close_quotes} structure of the industry. And little of the discussion has looked to experience in other regulated industries that have been deregulated and where there is abundant evidence of the kind of structural change that typically follows upon deregulation.
- OSTI ID:
- 525923
- Journal Information:
- Fortnightly, Vol. 134, Issue 19; Other Information: PBD: 15 Oct 1996
- Country of Publication:
- United States
- Language:
- English
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And deregulation shall lead me to lie down in green pastures