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  • Author: Peter Van Doren, Jerry Taylor
  • Publication Date: 11-2004
  • Content Type: Working Paper
  • Institution: The Cato Institute
  • Abstract: Electric utility restructuring was initiated in the 1990s to remedy the problem of relatively high electricity costs in the Northeast and California. While politicians hoped that reform would allow low-cost electricity to flow to highcost states and that competition would reduce prices, economists wanted reform to eliminate regulatory incentives to overbuild generating capacity and spur the introduction of real-time prices for electricity.
  • Topic: Economics, Energy Policy, Government, Politics
  • Political Geography: California