The Power Brokers: The Struggle to Shape and Control the Electric Power IndustryBy Jeremiah D. Lambert
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The Power Brokers: The Struggle to Shape and Control the Electric Power IndustryBy Jeremiah D. Lambert
Best PDF Ebook Online The Power Brokers: The Struggle to Shape and Control the Electric Power IndustryBy Jeremiah D. Lambert
[Read by Joe Barrett] For more than a century, the interplay between private, investor-owned electric utilities and government regulators has shaped the electric power industry in the United States. Provision of an essential service to largely dependent consumers invited government oversight and ever more sophisticated market intervention. The industry has sought to manage, co-opt, and profit from government regulation. In The Power Brokers, Jeremiah Lambert maps this complex interaction from the late nineteenth century to the present day. Lambert's narrative focuses on seven important industry players: Samuel Insull, the principal industry architect and prime mover; David Lilienthal, chairman of the Tennessee Valley Authority (TVA), who waged a desperate battle for market share; Don Hodel, who presided over the Bonneville Power Administration (BPA) in its failed attempt to launch a multiplant nuclear power program; Paul Joskow, the MIT economics professor who foresaw a restructured and competitive electric power industry; Enron's Ken Lay, master of political influence and market-rigging; Amory Lovins, a pioneer proponent of sustainable power; and Jim Rogers, head of Duke Energy, a giant coal-fired utility threatened by decarbonization. Lambert tells how Insull built an empire in a regulatory vacuum and how the government entered the electricity marketplace by making cheap hydropower available through the TVA. He describes the failed overreach of the BPA, the rise of competitive electricity markets, Enron's market manipulation, Lovins' radical vision of a decentralized industry powered by renewables, and Rogers' remarkable effort to influence cap-and-trade legislation. Lambert shows how the power industry has sought to use regulatory change to preserve or secure market dominance and how rogue players have gamed imperfectly restructured electricity markets. Integrating regulation and competition in this industry has proven a difficult experiment.
The Power Brokers: The Struggle to Shape and Control the Electric Power IndustryBy Jeremiah D. Lambert- Amazon Sales Rank: #6732434 in Books
- Published on: 2015-09-04
- Format: Audiobook
- Original language: English
- Number of items: 1
- Running time: 46800 seconds
- Binding: MP3 CD
- 1 pages
Review
It's imperative for the new generation of energy entrepreneurs to make sense of the forces that shaped today's electricity system. Bravo to Jeremiah Lambert for providing both an intriguing and compelling narrative and giving the reader a fighting chance to understand its complex history through the larger-than-life players that shaped it.
(H. James Koehler, Professor of Practice, Energy Structure and Markets, Edmund A. Walsh School of Foreign Service, Georgetown University)This book is a treasure trove of information about the development of our present-day electrical world in the US from its very beginnings in the immediate post-Edison era.
(Michael Brian Schiffer, author of Power Struggles: Scientific Authority and the Creation of Practical Electricity Before Edison)In The Power Brokers, Lambert develops an exquisite case for viewing the construction of state regulatory regimes as a fundamental activity in the creation of the electric power industry. He masterfully shows that the history of deregulation in the power sector was in fact the insertion of a regulated market into the power generation and distribution system. Indeed, Lambert's book -- presented in a wonderfully accessible biographical and straightforward historical style -- is truly radical.
(David C. Brock, Senior Research Fellow, Center for Contemporary History and Policy, Chemical Heritage Foundation)Lambert's "The Power Brokers: The Struggle to Shape and Control the Electric Power Industry," is a splendid overview of the history of the power business in the U.S.
(Power Magazine)About the Author Jeremiah D. Lambert is a lawyer in Washington, DC, whose practice focuses on clients in the energy business. He is the author of Energy Companies and Market Reform: How Deregulation Went Wrong and Creating Competitive Power Markets: The PJM Model. He is a magna cum laude graduate of Princeton University and a member of Phi Beta Kappa, was a Fulbright Scholar at the University of Copenhagen, and is a graduate of Yale Law School, where he was an editor of the Yale Law Journal.
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Most helpful customer reviews
0 of 0 people found the following review helpful. Jef holy recommended By Amazon Customer Great read for anyone interested in the energy industry and we got to where we are now. From Pearl St. to The PNW, a detailed account is presented.
1 of 3 people found the following review helpful. Narrowly, Power Brokers is the story of the men ... By Daniel R. Rasmussen Narrowly, Power Brokers is the story of the men who built and shaped America's electric power industry. Broadly, Power Brokers is a story of what is popularly derided as "crony capitalism" - how men of ambition manipulated government regulation to build vast empires insulated from competition. Lambert spares neither the left nor the right and shows how whether the government was attempting to create highly-regulated local monopolies or trying to deregulate under pressure from advocates of free markets, the winners were always the Power Brokers, who used campaign contributions and their own expertise to manipulate elected officials. From Samuel Insull to Ken Lay, Lambert brings to life the characters behind the industry, their rags-to-riches tales, their hubris, and their deft ear for the political causes of their times. The book is crisply written and packed with primary research and clever legal interpretations.
0 of 4 people found the following review helpful. Five Stars By F. Howland So far I have read the chapter on Samuel Insull. It was first-rate.
See all 3 customer reviews... The Power Brokers: The Struggle to Shape and Control the Electric Power IndustryBy Jeremiah D. Lambert
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