| | |
| | |
|
| | |
|
|
|
| | | |
| |
| | |
The idea behind deregulation is that competition -- in any industry -- will drive down prices and create a more efficient market. After deregulation of the
electricity market was implemented in California, rates did fall briefly, but
have since spiraled higher than ever before, sparking a renewed debate over the
application of free market principles to the power industry. This debate echoes
those heard during the deregulation of the natural gas, telecommunications, and
airline industries. Here's a primer on the ideology behind deregulation, and
an overview of the arguments of opponents who say that some commodities are too
precious to be left to the open market.
|
| |
| | |
Some advocates have called electricity the "oxygen of industrial society."
Should such a vital commodity be subject to the open market? Or will a
deregulated market gouge consumers? Here are the views of Enron Chairman Ken
Lay; consumer advocate Nettie Hoge; FERC Chairman Curt Hebert; California's
chief regulator, Loretta Lynch; FERC Commissioner Pat Wood; business professor
Severin Borenstein; U.S. Vice President Dick Cheney; David Freeman, energy
advisor to Gov. Gray Davis; Robert Glynn, CEO of PG&E Corp.; Enron CEO Jeff
Skilling; FERC economist Ron Rattey; and Stanford economics professor Frank
Wolak.
|
| |
| | |
The Department of Energy offers an interactive map detailing the status of
electric industry restructuring in each state.
|
| |
| | |
Established in 1977, the Federal Energy Regulatory Commission controls the
country's natural gas industry, hydroelectric projects, electric utilities, and
oil pipelines and has played a critical role in the deregulation of these
industries. Here's an explanation of the origins of the agency, what it does,
and its role in the California crisis.
|
| |
| | |
The accusations of "market manipulation" hurled at many of today's power
companies echo the criticisms made in the 1920s by FDR, who made reining in the
power monopolies an integral part of his New Deal. Here's an overview tracing
the rise and fall of state and federal intervention in the U.S. electricity
industry.
|
|
home - california - my bill - new business - regulation - the future - new york times reports
video - interviews - glossary - discussion - synopsis - press - tapes & transcripts - credits
FRONTLINE - wgbh - pbs online
power lines photo ©2001 entropy media/images
web site copyright WGBH educational foundation
|
|