The Changing Structure of the Electric Power Industry 2000: An ... - EIA

Contents
Executive Summary ............................................................................. ix
1. Introduction .............................................................................. 1
Part I: The U.S. Electric Power Industry as a Regulated Monopoly ...................................... 3
2. Historical Overview of the Electric Power Industry ............................................. 5
3. The U.S. Electric Power Industry Infrastructure: Functions and Components ....................... 9
Introduction ............................................................................ 9
Generation .............................................................................. 9
Transmission ........................................................................... 13
Distribution ............................................................................ 15
The Components of Electricity Supply � Utilities and Nonutilities ............................... 16
4. The Federal Statutory Background of the Electric Power Industry ................................ 29
Introduction ........................................................................... 29
The Public Utility Holding Company Act of 1935 ............................................. 29
The Public Utility Regulatory Policies Act of 1978 ............................................ 31
The Energy Policy Act of 1992 ............................................................. 33
Part II: The U.S. Electric Power Industry in Transition to Competition ................................. 39
5. Factors Underlying the Restructuring of the Electric Power Industry ............................. 41
Introduction ........................................................................... 41
Price Differences ........................................................................ 42
Technological Advances ................................................................. 44
6. Federal Legislative Initiatives .............................................................. 47
Introduction ........................................................................... 47
Major Issues Under Debate ............................................................... 48
The Administration’s Comprehensive Electricity Competition Proposal .......................... 52
7. Wholesale Power Markets and Restructuring the U.S. Power Transmission System ................ 61
Introduction ........................................................................... 61
FERC Promotes Wholesale Competition and Transmission Efficiency ............................ 61
Status of Regional Transmission Organizations ............................................... 74
Wholesale Electricity Trading Hubs and Power Exchanges ..................................... 78
Market Power In Wholesale Electricity Markets .............................................. 78
Conclusion ............................................................................. 79
8. The Role of the States in Promoting Competition ............................................. 81
Case Studies ........................................................................... 82
9. Mergers, Acquisitions, and Power Plant Divestitures of Investor-Owned Electric Utilities .......... 91
Energy Information Administration/ The Changing Structure of the Electric Power Industry 2000: An Update v
Page