Affordability Crises in Industry's History
Each Produced Enormous Change. What About Now?
The first affordability crisis took place during the Panic of 1907, a devastating downturn in the nation’s economy. The broken banking system couldn’t continue to provide capital to the electric companies, bringing to a screeching halt the expansion of electric service beyond the wealthiest communities. Lowering the risk of the companies, albeit also lowering their profit potential, broke the logjam.










