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Power interruptions of the scale of the North American Blackout of 2003 are rare, but they still loom as a possibility. Will the aging infrastructure fail because deregulated monopolies have no financial incentives to upgrade? Is centralized planning becoming subordinate to market forces? Understanding Electric Utilities and DeRegulation, Second Edition provides an updated, nontechnical description that sheds light on the nature of the industry and the issues involved in its transition away from a regulated environment.The book begins by broadly surveying the industry, from a regulated utility structure to the major concepts of deregulation to the history of electricity, the technical aspects, and the business of power. Then, the authors delve into the technologies and functions on which the industry operates; the many ways that power is used; and the various means of power generation, including central generating stations, renewable energy, and singlehousehold size generators. The authors then devote considerable attention to the details of regulation and deregulation. To conclude, one new chapter examines aging infrastructures and reliability of service, while another explores the causes of blackouts and how they can be prevented.Based on the authors' extensive experience, Understanding Electric Utilities and DeRegulation, Second Edition offers an uptodate perspective on the major issues impacting the daily operations as well as the longterm future of the electric utilities industry.
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