Electric power industry restructuring

U.S. Department of Energy (2002a), Electric Power Industry Restructuring Fact Sheet, http.7/www.eia.doc.gov/cneaf/electricitv/page/fact sheets/restructuring.html. Washington, D.C. 

In the U.S., the electric power industry is currently in the midst of two kinds of rcstmcturing - restructuring of the industry players in the market in response to - and in anticipation of -competition and restructuring of the legal and regulatory rules of the game. 

Deregulation - The process of changing regulatory policies and laws to increase competition among suppliers of commodities and service. The process of deregulating the electric power industry was initiated by the Energy Policy Act of 1992. (See also Restructuring)... 

Restructuring - The process of changing the structure of the electric power industry from one of guaranteed monopoly over service territories, as established by the Public Utility Holding Company Act of 1935, to one of open competition between power suppliers for customers in any area. 

Restructuring is the process of completely reorganizing the electric power indiistiy. The generation portion of the industry will become more competitive, while the transmission and distribution portion... 

JohnG. Strand,Michigan Public Service Commission Nuclear Power and Electric Industry Restructuring ... 

In the remainder of this chapter, we examine the experiences of the case study industries in critical safety-related areas to help determine how the ongoing deregulation or restructuring of the electricity industry is likely to affect future operations, safety, and financial performance of nuclear power plants. In particular, we examine the following issues ... 

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