Ships at a distance: Energy choice and economic challenge
Several restructurings of Vermont`s electric utilities were attempted earlier. At best, the successes were compromises, whose benefits were a fraction of what might have been achieved. At worst, monopoly power triumphed outright, leaving Vermonters and Vermont economy in thrall to distant energy and financial forces. To understand the interplay between today`s restructuring and the Vermont economy, the author examines those earlier restructuring. They establish that electricity really is different from other industries, not just because it cannot be stored or because the strandable investment is so much larger or the monopoly linkages are so much more extensive. More important is the extent of the electric industry`s place in the national political consciousness and its environmental impact.
- OSTI ID:
- 329202
- Journal Information:
- NRRI Quarterly Bulletin, Vol. 18, Issue 3; Other Information: DN: Paper presented at the George D. Aiken Lecture, Burlington, VT (US), April 21, 1997; PBD: Fal 1997
- Country of Publication:
- United States
- Language:
- English
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