Deregulation, Consolidation, And Efficiency: Evidence From U.S. Nuclear Power

For the first four decades of its existence the U.S. nuclear power industry was run by regulated utilities, with most companies owning only one or two reactors. Beginning in the late 1990s electricity markets in many states were deregulated and almost half of the nation's 103 reactors were sold to independent power producers selling power in competitive wholesale markets. Deregulation has been accompanied by substantial market consolidation and today the three largest companies control more than one-third of all U.S. nuclear capacity.

Provided by: National Bureau of Economic Research Topic: Project Management Date Added: Aug 2011 Format: PDF

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