Regulation and competition : the experience of american electric utilities and its implications for Latin American privatization.

By: Norton IV, Floyd LContributor(s): Baker, William TLanguage: English Publisher: California Institute of the Americas 1992Description: 41 pSubject(s): ENERGIA ELECTRICA | PRODUCCION DE ENERGIA | EMPRESAS ELECTRICAS | ESTADOS UNIDOS | USADDC classification: 332.67 Summary: The author of this paper indicates that there are some conclusions to be drawn from the American experience. First, a privately owned industry can produce and deliver an economic and reliable supply of electricity. Second, cost of service regulation may not always produce least cost electricity or satisfied investors. There seems to be a role for competition, at least in the procurement of new generating resource. Under any regulatory scheme, a balance must be struck between the interests of investors and those of consumers...
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The author of this paper indicates that there are some conclusions to be drawn from the American experience. First, a privately owned industry can produce and deliver an economic and reliable supply of electricity. Second, cost of service regulation may not always produce least cost electricity or satisfied investors. There seems to be a role for competition, at least in the procurement of new generating resource. Under any regulatory scheme, a balance must be struck between the interests of investors and those of consumers...

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