Coordination, competition, and regulation in the electric utility industry

An investigation of the interrelated roles played by competition, coordinaton and regulation in the electric utility industry has been prepared by the Office of Antitrust and Indemnity of the Nuclear Regulatory Commission. The effect of coordinated planning and facilities on competition is contrasted with the effect on competition of the holding company or other forms of industry consolidation. Finally, the role of regulation, as it affects both coordination and competition, is discussed. The authors conclude that competition and coordination in the electric utility industry are compatible with one another, and that regulation should be aimed at encouraging opportunities for both. (GRA)