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Electric Utility Restructuring: Implications for Electricity R&D

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Report Type Reports and Testimonies
Report Date March 31, 1998
Report No. T-RCED-98-144
Subject
Summary:

Historically, utilities have operated as monopolies in protected geographic areas regulated by state public utility commissions. These commissions have allowed utilities to recoup their expenditures on electricity research and development (R&D) from their customers. Today, the electricity industry is experiencing a large-scale restructuring that will promote competition among electricity providers. Because electricity rates will no longer be set by regulation but rather by competitive forces in the marketplace, funding for electricity R&D will likely be affected. This testimony discusses funding for electricity R&D and the implications for electricity R&D arising from initiatives to restructure electric utilities.

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