Utility Industry Regulation

Paper Summary:

"Utilities in the United States have been regulated monopolies for decades. Overseen by state-run Public Utility Commissions (PUC), these power companies provided electricity, water and oil/gas to consumers at both the residential and commercial level, and all aspects of the utility, from acquisition through distribution, were regulated.

From the Paper:

"Utilities in the United States have been regulated monopolies for decades. Overseen by state-run Public Utility Commissions (PUC), these power companies provided electricity, water and oil/gas to consumers at both the residential and commercial level, and all aspects of the utility, from acquisition through distribution, were regulated. In spring 1998, California deregulated its electric utility and other states are in the process of doing the same. This research considers the history of regulation in the utility industry, the arguments for deregulation, and the effects that deregulation is expected to have on various groups in society."

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