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- W70540616 abstract "Like the airline, telecommunications, and natural gas industries before them, electric utilities now face rules changes that changes that will expose them to competition. The Federal Energy Regulatory Commission, which regulates the interstate aspects of electric utilities, estimated that a change in rules permitting open competition may cut the value of generating assets by between $10 billion and $200 billion. These rule changes will create large fortunes and enormous losses as the value of some utility assets plummets. The effects of these rule changes on the utilities are described. It is concluded that the rigidities that unchanging values introduce into the economy are more costly, in the long run, than is the creative destruction that rule changes promote." @default.
- W70540616 created "2016-06-24" @default.
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- W70540616 date "1994-11-01" @default.
- W70540616 modified "2023-09-26" @default.
- W70540616 title "What happens when the rules are changed and the plug is pulled on electric utilities" @default.
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