Title
Power Loss: The Origins of Deregulation and Restructuring in the American Electric Utility System,New
Delivery time: 8-12 business days (International)
In the late 1990s, the formerly staid and monopolistic electric utility industry entered an era of freewheeling competition and deregulation, allowing American consumers to buy electricity from any company offering it. In this book, Richard F. Hirsh explains how and why this radical restructuring has occurred. Hirsh starts by describing the successful campaign waged by utility managers in the first decade of the twentieth century to protect their industry from competition. The regulated system that emerged had the unanticipated consequence of endowing utility managers with great political and economic power. Seven decades later, a series of largely unanticipated events, including technological stagnation in traditional generating equipment, the 1973 energy crisis, and the rise of the environmental movement, undermined the managers' control of the system. New players, such as academics, environmental advocates, politicians, and potential competitors, wrested control from power company managers by challenging utilities' standing as 'natural monopolies' and by questioning whether their firms provided universal benefits. In other words, the onceclosed system came under increasing pressure to transform itself. Hirsh follows the flow of power as this transformation occurred. He also examines the relationship between technological change and regulation, showing how innovations such as cogeneration and renewable energy technologies stimulated questions about the value of government oversight of the system. And he shows how the increasing prominence of ideas such as conservation, energy efficiency, and free markets helped propel the system toward open competition. Though the new electric utility system is still in its infancy, Hirsh's perceptive account of its birth will help readers think more rationally about its future.
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⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
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Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Frequently Asked Questions
- Q: What is the main topic of 'Power Loss' by Richard F. Hirsh? A: The book discusses the origins of deregulation and restructuring in the American electric utility system, exploring the transition from a monopolistic industry to a competitive marketplace.
- Q: Who is the author of this book? A: The author of 'Power Loss' is Richard F. Hirsh, an expert in the field of electric utility regulation.
- Q: What are the key themes explored in this book? A: Key themes include the historical context of electric utility regulation, the impact of technological change, and the challenges posed by environmental movements and new competitors.
- Q: When was 'Power Loss' published? A: 'Power Loss' was published on September 15, 2002.
- Q: What is the length of the book? A: 'Power Loss' has 418 pages.
- Q: Is this book suitable for readers without a background in economics? A: Yes, while it covers complex topics, the book is written to be accessible to a general audience interested in understanding the electric utility system.
- Q: What type of binding does this book have? A: 'Power Loss' is available in paperback binding.
- Q: Can this book help me understand the future of electricity markets? A: Yes, the book provides insights into the factors that have shaped the electric utility industry and encourages readers to consider the implications for the future.
- Q: What edition of the book is available? A: The available edition of 'Power Loss' is a reprint.
- Q: Are there any notable events discussed that influenced the electric utility industry? A: Yes, the book discusses events like the 1973 energy crisis and technological stagnation that challenged the traditional utility model.