What`s new about the FERC`s new utility merger policy?
Marvin T. Griff
Abstract
Marvin T. Griff
Abstract
Order No. 592 of the US Federal Energy Regulatory commission regarding utility mergers is analyzed. Highlighted topics include effects on competition, relevant product markets, geographic markets, market concentration, remedial measures, effects on rates, and effects on regulations. The Order is generally depicted as an assembly of the commissions operative doctrines into one document, with little new regulations. However, increased litigation and the same or lengthier review times are predicted to result from the guidelines.
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Order No. 592 of the US Federal Energy Regulatory commission regarding utility mergers is analyzed. Highlighted topics include effects on competition, relevant product markets, geographic markets, market concentration, remedial measures, effects on rates, and effects on regulations. The Order is generally depicted as an assembly of the commissions operative doctrines into one document, with little new regulations. However, increased litigation and the same or lengthier review times are predicted to result from the guidelines.
Key concepts: Commission, Order (exchange), Competition (biology), Economics, Market definition, Remedial education, Deregulation, Competition policy