Review of Industrial Organization 13: 371–379, 1998. Book Reviews Power Structure – Ownership, Integration, and Competition in the U.S. Electric Utility Industry. John E. Kwoka, Jr. Dordrecht/Boston/London: Kluwer Academic Publishers, 1996, 209 pages, $99.00. The electric utility industry’s restructuring is beginning to absorb the resources of both state and federal policy makers. Signiﬁcant restructuring has already occurred in California, Pennsylvania and Rhode Island, with many other states soon to follow. The main idea of restructuring is to introduce competition into key parts of electric power supply. Almost all policy makers aim to open the generation function to competition, allowing many suppliers to compete in power sales to the local grid. Most policy makers are also starting to recognize the need to provide competition at crucial distribution points such as metering, customer service, and customer accounts. The fresh competition is meant to decrease prices and increase the quality and variety of service, removing the burdens of a long history of rate of return regulation. Professor Kwoka’s book is an extensive empirical investigation into the eco- nomic facts underpinning the U.S. electric utility industry. As such, it sheds light on several important issues associated with restructuring. Many of the empirical tests
Review of Industrial Organization – Springer Journals
Published: Oct 6, 2004
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