Download or read book Regulating Mergers and Acquisitions of U S Electric Utilities Industry Concentration and Corporate Complication written by Scott Hempling and published by Edward Elgar Publishing. This book was released on 2020-10-30 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: What happens when electric utility monopolies pursue their acquisition interests—undisciplined by competition, and insufficiently disciplined by the regulators responsible for replicating competition? Since the mid-1980s, mergers and acquisitions of U.S. electric utilities have halved the number of local, independent utilities. Mostly debt-financed, these transactions have converted retiree-suitable investments into subsidiaries of geographically scattered conglomerates. Written by one of the U.S.’s leading regulatory thinkers, this book combines legal, accounting, economic and financial analysis of the 30-year march of U.S. electricity mergers with insights from the dynamic field of behavioral economics.
Download or read book Electric Utility Mergers written by Mark W. Frankena and published by Bloomsbury Publishing USA. This book was released on 1994-07-30 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition in the generation, transmission, and distribution of electricity is of increasing interest to policy makers as well as to buyers and sellers of power. The use of competition as a social policy tool to benefit consumers carries the necessity of preserving competition when it is threatened by mergers or other structural changes. The work explains central principles of antitrust economics and applies them to mergers in the electric power industry. This work focuses on mergers, but the economic principles explained here will be useful in analyzing many important issues flowing from growth of competition in electric power. For example, proper definition of markets and analysis of market power will be useful in decisions on whether to continue regulation.
Download or read book The Changing Structure of the Electric Power Industry 1999 written by and published by . This book was released on 1999 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Electric Utility Mergers and Regulatory Policy written by and published by . This book was released on 1992 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Changing Structure of the Electric Power Industry 1999 written by Brent Becker and published by . This book was released on 1999-04-01 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapters: organizational components of the electric power industry; mergers and acquisitions of investor-owned electric utilities; convergence mergers; joint ventures and strategic alliances in the electric power industry; divestiture of generation assets by investor-owned electric utilities; summary and conclusions; the Public Utility Holding Co. Act of 1935; three case studies of electric utility divestiture of power generation assets; 1994 merger of Cincinnati Gas and Electric Co., and PSI Resources, Inc. into CINergy Corp.; 1993 merger of Gulf States Utilities Co. into Entergy Corp.; and definitions of Corporate Combinations. Dozens of charts and tables.
Download or read book Regulating Mergers and Acquisitions of U S Electric Utilities written by Scott Hempling and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access title available under the terms of a CC BY-NC-ND 4.0 License. It is free to read, download and share on Elgaronline.com. What happens when electric utility monopolies pursue their acquisition interests--undisciplined by competition, and insufficiently disciplined by the regulators responsible for replicating competition? Since the mid-1980s, mergers and acquisitions of U.S. electric utilities have halved the number of local, independent utilities. Mostly debt-financed, these transactions have converted retiree-suitable investments into subsidiaries of geographically scattered conglomerates. Written by one of the U.S.'s leading regulatory thinkers, this book combines legal, accounting, economic and financial analysis of the 30-year march of U.S. electricity mergers with insights from the dynamic field of behavioral economics.
Download or read book Competitive Change in the Electric Power Industry written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 1997 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Men Money and Mergers written by George Luke Hoxie and published by . This book was released on 1932 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Electricity Supply written by United States. General Accounting Office and published by . This book was released on 1992 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Utility Mergers and the Restructuring of the New Global Power Industry written by Edward B. Flowers and published by Praeger. This book was released on 1998-05-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consume thy rival may be the new law of corporate survival in the U.S. utilities industry. This book describes close to $70 billion of global utility mergers stemming from the anticipated deregulation of the U.S. gas and electrical utilities industries. Occurring from 1995 to 1997, these mergers are completely restructuring U.S. power utilities. Thirty-seven billion dollars of these mergers, a full 53 percent, occurred abroad. About two-thirds of the foreign mergers were U.S. takeovers, while the remaining one-third was mergers, defensive and otherwise, of U.K. firms with other U.K. firms. This may be the first time U.S. industrial restructuring has generated more investment abroad rather than in domestic markets. Exploring the diversity of strategies and changes driving these mergers, the author concludes that although complex, the mergers can be explained by strategies traditionally used in domestic M&As. These very large U.S. utilities now consider themselves to be operating in a global industry of private, deregulated utilities, and they are determined to survive through mergers that help them cut costs, spread expenses, and increase profits.
Download or read book Legal and Policy Issues to Consider in Electric Utility Mergers and Acquisitions written by Maria L. Mone and published by . This book was released on 1989 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Electric Utility Industry Mergers and Acquisitions written by Resource Data International and published by . This book was released on 1993* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Ferc s Policy on Electric Mergers written by Hon. Richard D. Cudahy and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the Merger Policy Statement from the Federal Energy Regulatory Commission, the last obstacle to movement toward deregulation in the electric utility industry, which began as far back as 1973, seemed to dissolve. Following the pattern from other regulated industries such as airlines, railroads, telecommunications, and banking, the Merger Policy Statement encouraged consolidation among electric utilities to counter the increased risk of bankruptcy brought by increased deregulation. Consolidation, while often viewed as stifling competition, is the natural reaction from a utility company dealing with an industry with new risks brought on by the bedeviling risk of deregulation. Yet, as played out in other industries, especially the airlines and railroads, the end result is an entire industry consolidated in only a handful of powerful companies.
Download or read book Changing Structure of the Electric Power Industry An Update written by Rebecca A. McNerney and published by DIANE Publishing. This book was released on 1998-11 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intended for both lay & technical readers, this report serves as a basic reference tool that provides a comprehensive delineation of the electric power industry & its traditional structure, which has been based on its monopoly status. In addition, it describes the industry's transition to a competitive environment by providing a descriptive analysis of the factors that have contributed to the interest in a competitive market, proposed legislative & regulatory actions, & the steps being taken by the various components of the industry to meet the challenges of adapting to & prevailing in a competitive environment. Figures, tables, historical information.
Download or read book Electric Utility Mergers and Reorganization written by Charles J. Cicchetti and published by . This book was released on 1990 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Condition of the U S Electric Utility Industry written by and published by . This book was released on 1986 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Electric Power Industry in Nontechnical Language written by Denise Warkentin-Glenn and published by PennWell Books. This book was released on 1998 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electric power industry is undergoing the greatest transformation in its 100-year history. In readable, concise fashion, author Denise Warkentin explains how the electric industry works and what changes are in store. After briefly tracing the history of the industry, she details how different segments are structured and work together. Investor-owned, consumer-owned, and government-owned utilities are explained, as are rural cooperatives and independent power producers. Other issues addressed include deregulation, the emergence of energy marketers, and the impact of ongoing mergers, acquisitions, and consolidations.
