The Continuing Role For Antitrust Enforcement In the Electricity Sector
CPI Journal, 2013, vol. 9
William Stallings discusses some of the recent enforcement actions in the electricity sector, a highly regulated sector, where government has played an important role in enforcing competition policy. The recent Ã¢â‚¬Å“New York CapacityÃ¢â‚¬Â cases involving a power generator and its financial services firm, includes the use of a derivative agreement to bypass merger regulation and restrain trade. As Stalling notes, this is an example of a novel liability theory used by the Antitrust Division of the USDOJ and of disgorgement as an appropriate remedy in enforcement actions for these types of industries.
JEL-codes: G18 (search for similar items in EconPapers)
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