Regulating Mergers and Acquisitions of U.S. Electric Utilities: Industry Concentration and Corporate Complication

Regulating Mergers and Acquisitions of U.S. Electric Utilities: Industry Concentration and Corporate Complication

Author: Scott Hempling

Publisher: Edward Elgar Publishing

Published: 2020-10-30

Total Pages: 576

ISBN-13: 1839109467

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What happens when electric utility monopolies pursue their acquisition interests—undisciplined by competition, and insufficiently disciplined by the regulators responsible for replicating competition? Since the mid-1980s, mergers and acquisitions of U.S. electric utilities have halved the number of local, independent utilities. Mostly debt-financed, these transactions have converted retiree-suitable investments into subsidiaries of geographically scattered conglomerates. Written by one of the U.S.’s leading regulatory thinkers, this book combines legal, accounting, economic and financial analysis of the 30-year march of U.S. electricity mergers with insights from the dynamic field of behavioral economics.


Book Synopsis Regulating Mergers and Acquisitions of U.S. Electric Utilities: Industry Concentration and Corporate Complication by : Scott Hempling

Download or read book Regulating Mergers and Acquisitions of U.S. Electric Utilities: Industry Concentration and Corporate Complication written by Scott Hempling and published by Edward Elgar Publishing. This book was released on 2020-10-30 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: What happens when electric utility monopolies pursue their acquisition interests—undisciplined by competition, and insufficiently disciplined by the regulators responsible for replicating competition? Since the mid-1980s, mergers and acquisitions of U.S. electric utilities have halved the number of local, independent utilities. Mostly debt-financed, these transactions have converted retiree-suitable investments into subsidiaries of geographically scattered conglomerates. Written by one of the U.S.’s leading regulatory thinkers, this book combines legal, accounting, economic and financial analysis of the 30-year march of U.S. electricity mergers with insights from the dynamic field of behavioral economics.

The Changing Structure of the Electric Power Industry 1999

The Changing Structure of the Electric Power Industry 1999

Author:

Publisher:

Published: 1999

Total Pages: 134

ISBN-13:

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Book Synopsis The Changing Structure of the Electric Power Industry 1999 by :

Download or read book The Changing Structure of the Electric Power Industry 1999 written by and published by . This book was released on 1999 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Electric Utility Mergers

Electric Utility Mergers

Author: Mark W. Frankena

Publisher: Bloomsbury Publishing USA

Published: 1994-07-30

Total Pages: 200

ISBN-13: 031338861X

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Competition in the generation, transmission, and distribution of electricity is of increasing interest to policy makers as well as to buyers and sellers of power. The use of competition as a social policy tool to benefit consumers carries the necessity of preserving competition when it is threatened by mergers or other structural changes. The work explains central principles of antitrust economics and applies them to mergers in the electric power industry. This work focuses on mergers, but the economic principles explained here will be useful in analyzing many important issues flowing from growth of competition in electric power. For example, proper definition of markets and analysis of market power will be useful in decisions on whether to continue regulation.


Book Synopsis Electric Utility Mergers by : Mark W. Frankena

Download or read book Electric Utility Mergers written by Mark W. Frankena and published by Bloomsbury Publishing USA. This book was released on 1994-07-30 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition in the generation, transmission, and distribution of electricity is of increasing interest to policy makers as well as to buyers and sellers of power. The use of competition as a social policy tool to benefit consumers carries the necessity of preserving competition when it is threatened by mergers or other structural changes. The work explains central principles of antitrust economics and applies them to mergers in the electric power industry. This work focuses on mergers, but the economic principles explained here will be useful in analyzing many important issues flowing from growth of competition in electric power. For example, proper definition of markets and analysis of market power will be useful in decisions on whether to continue regulation.

Changing Structure of the Electric Power Industry 1999

Changing Structure of the Electric Power Industry 1999

Author: Brent Becker

Publisher:

Published: 1999-04-01

Total Pages: 115

ISBN-13: 9780756700096

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Chapters: organizational components of the electric power industry; mergers and acquisitions of investor-owned electric utilities; convergence mergers; joint ventures and strategic alliances in the electric power industry; divestiture of generation assets by investor-owned electric utilities; summary and conclusions; the Public Utility Holding Co. Act of 1935; three case studies of electric utility divestiture of power generation assets; 1994 merger of Cincinnati Gas and Electric Co., and PSI Resources, Inc. into CINergy Corp.; 1993 merger of Gulf States Utilities Co. into Entergy Corp.; and definitions of Corporate Combinations. Dozens of charts and tables.


Book Synopsis Changing Structure of the Electric Power Industry 1999 by : Brent Becker

Download or read book Changing Structure of the Electric Power Industry 1999 written by Brent Becker and published by . This book was released on 1999-04-01 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapters: organizational components of the electric power industry; mergers and acquisitions of investor-owned electric utilities; convergence mergers; joint ventures and strategic alliances in the electric power industry; divestiture of generation assets by investor-owned electric utilities; summary and conclusions; the Public Utility Holding Co. Act of 1935; three case studies of electric utility divestiture of power generation assets; 1994 merger of Cincinnati Gas and Electric Co., and PSI Resources, Inc. into CINergy Corp.; 1993 merger of Gulf States Utilities Co. into Entergy Corp.; and definitions of Corporate Combinations. Dozens of charts and tables.

The Restructuring of the Electric Power Industry

The Restructuring of the Electric Power Industry

Author:

Publisher:

Published: 1998

Total Pages: 36

ISBN-13:

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Download or read book The Restructuring of the Electric Power Industry written by and published by . This book was released on 1998 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Competitive Change in the Electric Power Industry

Competitive Change in the Electric Power Industry

Author: United States. Congress. Senate. Committee on Energy and Natural Resources

Publisher:

Published: 1997

Total Pages: 442

ISBN-13:

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Book Synopsis Competitive Change in the Electric Power Industry by : United States. Congress. Senate. Committee on Energy and Natural Resources

Download or read book Competitive Change in the Electric Power Industry written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 1997 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt:

U.S. Utility Mergers and the Restructuring of the New Global Power Industry

U.S. Utility Mergers and the Restructuring of the New Global Power Industry

Author: Edward B. Flowers

Publisher: Praeger

Published: 1998-05-30

Total Pages: 0

ISBN-13: 1567201636

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Consume thy rival may be the new law of corporate survival in the U.S. utilities industry. This book describes close to $70 billion of global utility mergers stemming from the anticipated deregulation of the U.S. gas and electrical utilities industries. Occurring from 1995 to 1997, these mergers are completely restructuring U.S. power utilities. Thirty-seven billion dollars of these mergers, a full 53 percent, occurred abroad. About two-thirds of the foreign mergers were U.S. takeovers, while the remaining one-third was mergers, defensive and otherwise, of U.K. firms with other U.K. firms. This may be the first time U.S. industrial restructuring has generated more investment abroad rather than in domestic markets. Exploring the diversity of strategies and changes driving these mergers, the author concludes that although complex, the mergers can be explained by strategies traditionally used in domestic M&As. These very large U.S. utilities now consider themselves to be operating in a global industry of private, deregulated utilities, and they are determined to survive through mergers that help them cut costs, spread expenses, and increase profits.


Book Synopsis U.S. Utility Mergers and the Restructuring of the New Global Power Industry by : Edward B. Flowers

Download or read book U.S. Utility Mergers and the Restructuring of the New Global Power Industry written by Edward B. Flowers and published by Praeger. This book was released on 1998-05-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consume thy rival may be the new law of corporate survival in the U.S. utilities industry. This book describes close to $70 billion of global utility mergers stemming from the anticipated deregulation of the U.S. gas and electrical utilities industries. Occurring from 1995 to 1997, these mergers are completely restructuring U.S. power utilities. Thirty-seven billion dollars of these mergers, a full 53 percent, occurred abroad. About two-thirds of the foreign mergers were U.S. takeovers, while the remaining one-third was mergers, defensive and otherwise, of U.K. firms with other U.K. firms. This may be the first time U.S. industrial restructuring has generated more investment abroad rather than in domestic markets. Exploring the diversity of strategies and changes driving these mergers, the author concludes that although complex, the mergers can be explained by strategies traditionally used in domestic M&As. These very large U.S. utilities now consider themselves to be operating in a global industry of private, deregulated utilities, and they are determined to survive through mergers that help them cut costs, spread expenses, and increase profits.

Electricity Supply

Electricity Supply

Author: United States. General Accounting Office

Publisher:

Published: 1992

Total Pages: 46

ISBN-13:

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Book Synopsis Electricity Supply by : United States. General Accounting Office

Download or read book Electricity Supply written by United States. General Accounting Office and published by . This book was released on 1992 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Men, Money and Mergers

Men, Money and Mergers

Author: George Luke Hoxie

Publisher:

Published: 1932

Total Pages: 256

ISBN-13:

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Book Synopsis Men, Money and Mergers by : George Luke Hoxie

Download or read book Men, Money and Mergers written by George Luke Hoxie and published by . This book was released on 1932 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Condition of the U.S. Electric Utility Industry

Financial Condition of the U.S. Electric Utility Industry

Author:

Publisher:

Published: 1986

Total Pages: 104

ISBN-13:

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Download or read book Financial Condition of the U.S. Electric Utility Industry written by and published by . This book was released on 1986 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: