Electric power is one of the last major regulated industries to undergo some form of ?liberalization.? One of the most important steps has been creating regional transmission organizations (RTOs) in major regions of the country. RTOs are independent non-profit entities that operate utility-owned transmission networks. They are intended to increase competition and efficiency in the market for wholesale power, which should lead to lower wholesale prices. This paper tests whether RTOs have, in fact, achieved this goal.
Posts by Stephen McGonegal
Lenard, Thomas M. and Stephen McGonegal. “The Streamlined Sales Tax Project: An Initiative Whose Time has Not Yet Come.” Milken Institute Review, May 2005.