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 multi-plant 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. How the interplay between government regulation and the private sector has shaped the electric industry, from its nineteenth-century origins to twenty-first-century market restructuring.įor 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. If you can’t find the resource you need here, visit our contact page to get in touch.Įstablished in 1962, the MIT Press is one of the largest and most distinguished university presses in the world and a leading publisher of books and journals at the intersection of science, technology, art, social science, and design. The MIT Press has been a leader in open access book publishing for over two decades, beginning in 1995 with the publication of William Mitchell’s City of Bits, which appeared simultaneously in print and in a dynamic, open web edition.Ĭollaborating with authors, instructors, booksellers, librarians, and the media is at the heart of what we do as a scholarly publisher.

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