A new study on the progress and impact of North American electric power industry deregulation uncovers many surprises, and points out the increasing necessity for the industry to adapt strategically to change. The report, Adapt ing to Surprise: The Challenge of Strategy in the Power Business, is among the first major studies to examine the results of electric power deregulation in the middle of the two-year process led by California.
The issues addressed include the consequences of flawed power market designs—transmission gridlock and political backlash; how formerly abnormal prices and volatility are becoming the norm; and stranded costs vs. stranded value, and how coal and nuclear plants are being revived.
Written by Cambridge Energy Research Associates (CERA) and Arthur Andersen, the report will be presented on Tuesday, September 19, 2000, at a National Press Club briefing. For more information, contact Tom Sommers at 713/222-1600.
Based on a report from ElectricNet
