Electricity Restructuring in the United States
Markets and Policy from the 1978 Energy Act to the Present

This book is a generalist history of electricity policy from the 1978 Energy Policy Act to the present.

Steve Isser (Author)

9781107498228, Cambridge University Press

Paperback / softback, published 16 May 2019

525 pages, 5 b/w illus.
22.9 x 15.3 x 3.3 cm, 0.7 kg

'In Steve Isser's Electricity Restructuring in the United States, readers will find a rich resource that delves deeply into the story of energy law's evolution. The book covers the particulars of nearly every development in US energy law and policy related to electricity restructuring from 1978 until about 2014. It documents the kinds of details that are lost over time: names, squabbles, and strange bedfellows that contributed to energy law as we know it. For researchers, such details provide texture and an ample array of sources for further exploration.' Emily Hammond, Yale Journal on Regulation

The electric utility industry in the US is technologically complex, and its structure as a classic network industry makes it intricate in business terms as well, so deregulation of such a complicated industry was a particularly detailed process. Steve Isser provides a detailed and comprehensive analysis of the history of the transformation of this complex industry from the 1978 Energy Policy Act to the present, covering the economic, legal, regulatory, and political issues and controversies in the transition from regulated utilities to competitive electricity markets. The book is a multidisciplinary study that includes a comprehensive review of the economic literature on electricity markets, the political environment of electricity policymaking, administrative and regulatory rulemaking, and the federal case law that restrained state and federal regulation of electricity. Isser offers a valuable case study of the pitfalls and problems associated with the deregulation of a complex network industry.

Introduction
1. The regulated electricity industry
2. The EPA steps in
3. The rise and fall of demand side management
4. Congress acts, investors react
5. The economists are coming, the economists are coming
6. The Energy Policy Act of 1992
7. Jump into the power pool
8. What hath FERC wrought?
9. Reorganization on the eve of deregulation
10. The emergence of independent power producers
11. The politics of electricity deregulation
12. The creation of wholesale electricity markets
13. Pushing markets – order 2000
14. Great expectations
15. Darkness, darkness
16. California and market power
17. FERC and market power in California
18. Two steps forward, one step back
19. The FERC cracks the whip
20. The Energy Policy Act of 2005
21. Wired
22. Playing the piper
23. Leave the lights on
24. How much is too much?
25. From small things big things one day come
26. Blinded by the light
Conclusion.

Subject Areas: Energy industries & utilities [KNB], Economic history [KCZ], Economics of industrial organisation [KCD]