The Virtual Utility

The Virtual Utility : Accounting, Technology & Competitive Aspects of the Emerging Industry

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In the winter of 1996, after 4 years of planning and research, the Symposium on the Virtual Utility was held in Saratoga Springs, New York. It was sponsored by Niag- ara Mohawk Power Corporation, Co-sponsored by CSC Index and the New York State Energy Research and Development Authority and hosted by Rensselaer Poly- technic Institute, Troy, NY. The symposium sought to identify new areas of inquiry by presenting cutting-edge academic and practitioner research intended to further our understanding of the strategic, technologically-driven issues confronting the elec- tricity production and distribution process. The program sought to offer new in- sights into rapid changes in the utility industry, in part, by examining analogues from manufacturing and telecommunications. In addition to identifying new research areas, the symposium yielded a number of important findings and conclusions. This volume contains the presented papers of the meeting, the discussant reports and two special papers prepared by the meet- ing rapporteurs who performed superbly in analyzing, synthesizing, explaining and generally bringing a cohesive perspective to the interesting yet complex set of ideas presented at this unique meeting. We would like to acknowledge the people and organizations that contributed to this effort. We thank Niagara Mohawk Power Corporation and Albert Budney, its President & Chief Operating Officer for sponsoring this project, and Andrew Vesey, Vice President, I whose vision, support and championing made this project possible.
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Product details

  • Paperback | 409 pages
  • 154.94 x 234.95 x 25.15mm | 662.24g
  • New York, NY, United States
  • English
  • Softcover reprint of the original 1st ed. 1997
  • XXII, 409 p.
  • 1461378273
  • 9781461378273

Table of contents

Part I: Introduction. Editors' Introduction and Reader's Guide to This Book; S. Awerbuch. Part II: Historic and Strategic Perspective: From Monopoly Service to Virtual Utility. Consensus, Confrontation and Control in the American Electric Utility System; R. Hirsh. The Virtual Utility: Strategic and Managerial Perspectives; A. Vesey. Being Virtual: Beyond Restructuring and How We Get There; K. Rabago. Part III: The Virtual Utility: Planning and Strategic Investment Analysis. The Virtual Utility: Some Introductory Thoughts on Accounting, Learning and the Valuation of Radical Innovation; S. Awerbuch. Justifying Capital Investments in the Emerging Electric Utility: Accounting for an Uncertain and Changing Industry Structure; R. Aggarwal. Part IV: Risk Management, Options and Contracting for a Virtual Utility. Integrating Financial and Physical Contracting in Electric Power Markets; P. Kleindorfer. Capacity Prices in a Competitive Power Market; F. Graves, J. Read. Managing Risk Using Renewable Energy Technologies; T. Hoff. Part V: Industrial Organization, Technological Change and Strategic Response to Deregulation. Monopoly and Antitrust Policies in Network-Based Markets such as Electricity; W. Shepherd. Services in an Unbundled and Open Electric Services Marketplace; S. Oren. Technological Change and the Electric Power Industry: Insights from Telecommunications; B. Mitchell, P. Spinney. Part VI: Network Architecture and Standardization. Interconnected System Operations and Expansion Planning in a Changing Industry: Coordination vs. Competition; M. Ilic, et al. Rules of the Road and Electric Traffic Controllers: Making a Virtual Utility Feasible; F. Alvarado. Part VII: From Monopoly Services to Virtual Utility. The Future Structure of the North American Utility Industry; N. Nohria, et al. Part VIII: Perspectives. The Bottom Line: A Summary and Analysis of the Virtual Utility Conference; L. Hyman. The Virtual Utility and Environmental Stewardship; C. Weinberg.
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