During the next several years, the U.S. electricity industry is likely to change dramatically. Instead of an industry dominated by vertically integrated companies that are regulated primarily by state public utility commissions, we may see an industry with many more participants and less...

In this report, we identify and define the key public-policy values, objectives, and actions that the US electricity industry currently meets. We also discuss the opportunities for meeting these objectives in a restructured industry that relies primarily on market forces rather than on...