RTOs will perpetuate regional monopolies and political rate regulation.
Economists sometimes get confused - especially when the real world doesn't fit into their neat boxes.
Network industries like telephone and electricity are today's case in point. Economists have viewed these parts of the economy as requiring special attention from regulatory authorities. They're viewed as "natural" monopolies displaying "economies of scope" and characterized by risky "lock-in" or "path dependency" features. That supposedly makes them prone to abuse by their free-market owners, and therefore in need of impartial regulatory oversight.
The Ten Most Intriguing Business Decisions in the Post-Enron World.
Separating myth from reality in identifying DG applications.
A cost/benefit analysis of full interconnection of customer-owned standby generators.
The leaders of the electric power industry greatly want to put a positive spin on the current state of affairs in their business.
Post-Enron management philosophies for surviving uncertain times.
Compensation is still inconsistent, especially compared with other industries.
Understanding how the "normal purchase and sale exclusion" under FASB 133 affects earnings volatility.
Positioning the risk professional in the corporate hierarchy.