Article: Implications for utilities of the National Energy Policy Act and other developments.

The electric industry today is undergoing fundamental change and restructuring--perhaps more so than at any time in its history. The industry that will emerge will be tar different from the one we have known.

The subjects I will address today--revisions to the Public Utility Holding Company Act (PUHCA), the role of independent power producers, transmission access, retail wheeling, and demand side management--are covered by the National Energy Policy Act of 1992. They are both a reflection of changes already occurring in the electric industry, and a stimulus to additional changes. All of these issues have a common theme: competitiveness, which must be an essential ...

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