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Electric Utility Deregulation Could Prompt 'Unimagined Innovation' And 'Corner-Store Competition,' Cornell Economist Predicts

Date:
September 5, 1997
Source:
Cornell University
Summary:
Now that deregulation is increasing competition in the power generation part of the electric utility industry and is beginning to offer consumers a choice through their local distribution companies, innovation lightning could strike again, a Cornell University economist and engineer predicts.

ITHACA, N.Y. -- Twenty years ago, when the Public Utility Regulatory Policy Act (PURPA) was written and large central-station steam-turbine facilities were the best way to generate electricity, no one expected the technological development of the small-scale, super-efficient, combined-cycle gas turbines that independent power producers and many utilities use today.


Story Source:

The above story is based on materials provided by Cornell University. Note: Materials may be edited for content and length.


Cite This Page:

Cornell University. "Electric Utility Deregulation Could Prompt 'Unimagined Innovation' And 'Corner-Store Competition,' Cornell Economist Predicts." ScienceDaily. ScienceDaily, 5 September 1997. <www.sciencedaily.com/releases/1997/09/970905041434.htm>.
Cornell University. (1997, September 5). Electric Utility Deregulation Could Prompt 'Unimagined Innovation' And 'Corner-Store Competition,' Cornell Economist Predicts. ScienceDaily. Retrieved April 19, 2014 from www.sciencedaily.com/releases/1997/09/970905041434.htm
Cornell University. "Electric Utility Deregulation Could Prompt 'Unimagined Innovation' And 'Corner-Store Competition,' Cornell Economist Predicts." ScienceDaily. www.sciencedaily.com/releases/1997/09/970905041434.htm (accessed April 19, 2014).

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