The End of a Natural Monopoly: Deregulation and Competition in the Electric Power Industry

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Summary

This book addresses the fundamental issues underlying the debate over electric power regulation and deregulation.

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Introduction
Is anything naturally a monopoly?
The origins and development of electric power regulation
The "Regulatory Contract"
The Zenith of the natural monopoly system
Whither natural monopoly?
Universal service in competitive retail electric markets
Stranded benefits vs. stranded costs in utility deregulation
Why the music is off-key when lawyers sing from economists' songbooks or why public utility deregulation will fail
Does the end of a natural monopoly mean deregulation?
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