![]() Lambert tells how Insull built an empire in a regulatory vacuum and how the government entered the electricity marketplace by making cheap hydropower available through the TVA. Lambert’s narrative focuses on seven important industry players: Samuel Insull, the principal industry architect and prime mover David Lilienthal, chairman of the Tennessee Valley Authority (TVA), who waged a desperate battle for market share Don Hodel, who presided over the Bonneville Power Administration (BPA) in its failed attempt to launch a multiplant nuclear power program Paul Joskow, the MIT economics professor who foresaw a restructured and competitive electric power industry Enron’s Ken Lay, master of political influence and market-rigging Amory Lovins, a pioneer proponent of sustainable power and Jim Rogers, head of Duke Energy, a giant coal-fired utility threatened by decarbonization. In The Power Brokers, Jeremiah Lambert maps this complex interaction from the late nineteenth century to the present day. The industry has sought to manage, co-opt, and profit from government regulation. Provision of an essential service to largely dependent consumers invited government oversight and ever more sophisticated market intervention. For more than a century, the interplay between private, investor-owned electric utilities and government regulators has shaped the electric power industry in the United States. ![]()
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