Discretionary Evolution: Restucturing the Electric Utility Industry

Rodney E. Stevenson and David W. Penn

Land Economics, 1995, vol. 71, issue 3, 354-367

Abstract: The electric utility industry is changing. But unlike the evolution of species, conscious collective choice can influence the evolutionary drift of the industry. The direction that many propose is one of placing greater reliance on market forces for directing the deployment and utilization of electric power resources. The purpose of this article is to consider the market-oriented paths that may be pursued. We address the problems of the market-oriented proposals given the social concerns and technological realities associated with the electric power industry. We consider institutionalist concerns with regard to transition options and the process of transition.

Date: 1995
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