ADFITs: Not a Phantom
In his article, "Phantom Taxes: The Big Payback" (Courts and Commissions, 7/1/96, p. 41), David Wise argues that utility recovery of stranded facility costs...
inevitably maintain a strong interest in stifling competition, because real competition increases risks and reduces profits. t
Steve Thomas is a senior fellow in the Science Policy Research Unit at the University of Sussex in the United Kingdom.
1. For a fuller account of the history of the British electricity supply industry and its restructuring, see A.J. Surrey (ed.) The British Electricity Experiment, Earthscan: London (1996).
2. The structure described here applies only to England and Wales. Other, less competitive, structures were adopted for Scotland and Northern Ireland.
3. Several former ministers in Thatcher Governments have stressed the deep animosity between the National Union of Mine Workers (NUM) and the Government and the Government's strategic objective of breaking NUM power. See, for example, N. Ridley, My Style of Government, Hutchinson: 1991; P. Walker, Staying Power, Bloomsbury Publishing: 1991; C. Parkinson, Right at the Centre, Weidenfeld & Nicolson: 1991; and N. Lawson, The view from No. 11, Bantam Press: 1992.
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