The US Consumes Close to 4 Billion Megawatt-Hours (MWh) of Electricity per year, about 50 Percent of which is Bought and Sold o
March 30 2006 - 9:20AM
Business Wire
Research and Markets
(http://www.researchandmarkets.com/reports/c35037) has announced
the addition of Electric Energy Distribution - Industry Profile to
their offering. Over 6,000 companies in the US are involved in the
wholesale trade and retail distribution of electricity, with
combined annual revenue of more than $220 billion. These include
owners of high voltage transmission lines and retail distribution
systems, and intermediaries like energy dealers and brokers. The US
consumes close to 4 billion megawatt-hours (MWh) of electricity per
year, about 50 percent of which is bought and sold on the wholesale
market. The electric energy industry in the US is currently in a
state- and federally-sponsored transition, or Electric
Restructuring. The traditional electricity industry consists of
large investor-owned utilities (IOUs); municipal utilities; rural
cooperatives; and government entities, like the Tennessee Valley
Authority (TVA) that own the generation, transmission, and retail
distribution facilities within a limited area, and serve all
customers within that area as tightly regulated 'natural
monopolies'. Under restructuring, the generation, transmission, and
distribution operations are carried out by separate companies, and
the owners of local distribution lines make their lines available
to competitors. About half the states have adopted restructuring
legislation, but only a third are actively engaged in
restructuring. The intended purpose of moving toward a less
regulated electricity market is to decrease the cost of electricity
by fostering competition among producers. The practical effect of
federal and state legislation has been the divestment of generation
facilities by local utilities. Despite restructuring, many local
electricity ... These easy-to-use, quarterly industry profiles
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