(September 2011) Hawaiian Electric Industries CEO selected to serve on National Infrastructure Advisory Council; PPL Corp. names new president; FirstEnergy Nuclear Operating Company names...
Breaking the Bulk-Power BottlenecksWallace Edward Brand
add an isolated system; the addition would give competitors greater incremental economy and reliability benefits of pooling (at wholesale or retail) than pool members will receive. Exclusion from institutional arrangements necessary to overcome technological barriers creates an artificial barrier that can be remedied under the antitrust laws. See, Associated Press v. U.S., supra.
Access to a traditional pool gives an entrepreneur access to the factors of production not
otherwise available at a reasonable price in a concentrated market:
s Reserve sharing on Gainesville terms
s Contracts for the coordinated development of base load units
s Contacts for wheeling.
With these factors available, anyone of skill and character can compete on price and quality in the market for firm wholesale power.7
Those favoring alternatives to traditional power pooling should be required to show by standard economic analysis of discrete product and geographic markets that the proposal would en-hance and not adversely affect competition. t
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