The economic and financial impact of government deregulation on the U.S. natural gas industry PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The economic and financial impact of government deregulation on the U.S. natural gas industry PDF full book. Access full book title The economic and financial impact of government deregulation on the U.S. natural gas industry by Nai-chiang Chou. Download full books in PDF and EPUB format.
Author: Nai-chiang Chou
Publisher:
ISBN:
Category : Gas industry
Languages : en
Pages : 414
Get Book Here
Book Description
Author: Nai-chiang Chou
Publisher:
ISBN:
Category : Gas industry
Languages : en
Pages : 414
Get Book Here
Book Description
Author: Naijiang Zhou
Publisher:
ISBN:
Category : Gas industry
Languages : en
Pages : 414
Get Book Here
Book Description
The recent changes in the structure of the U.S. natural gas industry include consolidation of operations among oil and gas producers, a revised role for major interstate natural gas pipelines from merchants to common carriers, emergence of natural gas spot and futures markets, and increased gas-to-gas competition and competition from alternative energy sources. Particularly, FERC Order 636, issued in 1992, directed a sweeping restructuring of the natural gas transmission industry. The FERC's intent was to bring about the final deregulation of the gas industry, creating a market place that would promote competition, give consumers more choices, and provide more efficient and market-sensitive gas supplies and transportation services. As a result, the way of doing business in the U.S. natural gas industry has been permanently changed. Changes in the governmental regulations have affected not only the structure of the gas industry, but also the economics of natural gas companies and end users. During the regulatory transition, major interstate natural gas pipelines incurred significant costs, and their overall financial performance was less than satisfactory. On the other hand, however, local distribution companies enjoyed growth in asset base, operating revenues, and net income. In general, industrial and electric utility customers have benefited more from the recent changes in the U.S. natural gas market than captive residential and commercial customers. Facing these unprecedented developments, producers, pipelines, and local distribution companies restructured their operations. They laid off employees, spun off assets, consolidated operations, reduced long-term debt, and adjusted capital spending in an effort to cut down costs and improve operating efficiency. The outlook of the gas industry can be characterized by sustained gas demand and tight supply, with the greatest opportunity for gas market growth coming from electric power generation and natural gas vehicles. The market share of Canadian gas in the U.S. is expected to increase. Governmental regulations will continue to play an important role in stimulating increased use of natural gas. To adapt to an increasingly competitive environment, the future strategies of the gas companies should emphasize efficiency, supply reliability, R&D, and risk management
Author: United States. Congress. House. Committee on Government Operations. Environment, Energy, and Natural Resources Subcommittee
Publisher:
ISBN:
Category : Natural gas
Languages : en
Pages : 312
Get Book Here
Book Description
Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Natural gas
Languages : en
Pages : 572
Get Book Here
Book Description
Author: United States. Congress. Joint Economic Committee. Subcommittee on International Trade, Finance, and Security Economics
Publisher:
ISBN:
Category : Natural gas
Languages : en
Pages : 488
Get Book Here
Book Description
Author: United States. Department of the Interior. Office of Economic Analysis
Publisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 614
Get Book Here
Book Description
Author: Jerome R. Ellig
Publisher: Bloomsbury Publishing USA
ISBN: 0313366608
Category : Science
Languages : en
Pages : 303
Get Book Here
Book Description
In the natural gas industry, competition and contracting are gradually replacing monopoly and regulation. In this volume, many leading economists who follow the gas industry present their views on current and future industry trends. To help regulators and industry leaders better understand these changes and to reform regulation, the authors apply economic theories of contestable markets, public choice, transaction costs and dynamic entrepreneurship to the gas industry. The issues addressed in this work are crucial, not just for the gas industry, but for all industries that have traditionally been treated as regulated monopolies.
Author: Jose Ricardo Davila-Sanchez
Publisher:
ISBN:
Category : Natural gas
Languages : en
Pages : 129
Get Book Here
Book Description
Author: Alice Gerster Breed
Publisher: Ayer Publishing
ISBN: 9780405119866
Category : Business & Economics
Languages : en
Pages : 155
Get Book Here
Book Description
This doctoral dessertation examines the change in social welfare under the hypothesis that deregulation of the natural gas industry would result in a oligarchy instead of a monopoly.
Author: United States. Congress. House. Committee on Government Operations
Publisher:
ISBN:
Category : Natural gas
Languages : en
Pages :
Get Book Here
Book Description
