Convergence commoditization: A survival guide for corner grocery store owners (and the private power industry)
- Bingham Dana, Washington, DC (United States)
The Pacificorp acquisition of The Energy Company, last year, which is itself a fuel and power marketing amalgam, served to emphasize to the private power industry an ascending ladder of realities: the PURPA-based IPP industry is history (Old News); linkage of power marketers and fuel suppliers is a logical development (Accepted Wisdom); and Convergence of energy supply techniques will be the foundation of the new consolidated energy industry (Rapidly Accepted Wisdom). To cling to this newest rung of the ladder, private power industry members face a classic quandary: finding an appropriate response to the deregulation genie whose escape from the regulatory bottle it has so long promoted. The challenges are clear enough: prevent unfair exercise of competitive advantage by the new convergence mega-companies; facilitate merchant project financing in the new world of shorter term energy arrangements; reestablish a useful, functional role in the foreshortened energy food chain. In short: figure out what to sell from the corner grocery once the supermarket comes to town.
- OSTI ID:
- 653394
- Journal Information:
- Cogeneration and Competitive Power Journal, Vol. 13, Issue 3; Other Information: PBD: Sum 1998
- Country of Publication:
- United States
- Language:
- English
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