A Brief History of the Electric Utility Industry

Richard D. Pomp, A Brief History of the Electric Utility Industry, in Impacts of Electric Utility Deregulation on Property Taxation (2000)

23 Pages Posted: 17 Jul 2017

See all articles by Richard D. Pomp

Richard D. Pomp

University of Connecticut - School of Law

Date Written: 2000

Abstract

Technological advances in electricity and energy led to the rapid growth of the electric utility industry. This chapter explains the history of the industry. The chapter begins by explaining the structure of the market in the late 1800s and early 1900s, with private companies servicing the cities and government-owned companies servicing non-urban areas. The chapter continues by examining how technological advances and government policies drastically reduced the number of electric companies by encouraging consolidation. This consolidation led to the rise of holding companies in the 1920s. Federal laws and regulations like PUHCA arose to blunt the dangerous economic practices of holding companies. The structure of the industry, however, was not greatly affected after the dissolution of holding companies, as private power companies continued to dominate. Next, the chapter discusses national energy legislation in the late 1970s and early 1990s, and the effects of these laws on the industry. Finally, the chapter concludes by discussing the push for deregulation at the state and federal level, and pending legislation.

Suggested Citation

Pomp, Richard D., A Brief History of the Electric Utility Industry (2000). Richard D. Pomp, A Brief History of the Electric Utility Industry, in Impacts of Electric Utility Deregulation on Property Taxation (2000), Available at SSRN: https://ssrn.com/abstract=2999134

Richard D. Pomp (Contact Author)

University of Connecticut - School of Law ( email )

65 Elizabeth Street
Hartford, CT 06105
United States
860-570-5251 (Phone)

HOME PAGE: http://www.law.uconn.edu/faculty/rpomp/

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