ABSTRACT

De-Regulation: What Emerged A good deal of this book discusses “what went wrong” with de-regulation, or more properly, “what went different” because de-regulation did not fail as much as evolve into something slightly different than originally envisioned. The discussion here will not dwell on many of those details or the numerous variations and subtle differences in goals and structures tried in various countries. In a few places around the world, something very close to the structure shown in Figure 2.2 was implemented and has been made to work. However, Figure 2.3 shows what is perhaps the mainstream approach, that toward which most of the US is evolving. Again, it is important to realize that goals, policy, and structures vary greatly from state to state and even more widely outside the US. That said, Figure 2.3 depicts, as much as any one drawing can, the current structure of the electric industry operation throughout most of United States, and in many other countries, as it would affect Big State Power and Light.