AN ECONOMIC STUDY OF THE EFFECTS OF THE LIBERALIZATION OF THE ELECTRICAL POWER MARKET IN CALIFORNIA
Prepared by Global Economic Analysts Ltd. February
For Business Discount Plan, Inc. 2000
Regulated industries in all parts of the world are being deregulated, privatized, and otherwise liberalized in the contemporary period. An especially active area of such liberalization is the electric power industry. This report is designed to provide the individual or organization considering the investment potentials in liberalized utility markets with the information needed to make informed assessments of investment potentials in the electric power industry in the State of California, USA which are emerging in the wake of deregulation that was implemented in 1998.
To provide a logical flow of information to support an integrated assessment process by an investor, this report is structured in major sections, each of which provides information relevant to the potential investment opportunities in a sequence that leads from a basic familiarity with the issue of the liberalization of regulated industries to an in-depth review of the electric power market in California. To facilitate an the review and analysis of the information provided in this report, major sections and their sub-sections are identified both textually and numerically in the Report Contents page which follows this Introduction to the Report.
Sources of information presented in this report are identified through the use of a notation system. For the convenience of the reader of the report, notes are located at the end of each major section of the report and are identified as Section Notes. A Bibliography of all sources cited in the report is presented at the end of the report.
The findings of this report are presented five major sections reviewing the issues and presenting relevant data. The first of these fi...