Search Results for "from-edison-to-enron"

From Edison to Enron

From Edison to Enron

The Business of Power and what it Means for the Future of Electricity

  • Author: Richard Munson
  • Publisher: Northeast-Midwest Institute
  • ISBN: 9780275987404
  • Category: Business & Economics
  • Page: 206
  • View: 6125
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Where science, business, and policy meet--the intriguing story of electricity, the battles that have been waged over its control, and the challenges and opportunities that face consumers, industry entrepreneurs, and policymakers in the future.

Edison to Enron

Edison to Enron

Energy Markets and Political Strategies

  • Author: Robert L. Bradley, Jr.
  • Publisher: John Wiley & Sons
  • ISBN: 1118192516
  • Category: Political Science
  • Page: 602
  • View: 8784
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The oil industry in the United States has been the subject of innumerable histories. But books on the development of the natural gas industry and the electricity industry in the U.S. are scarce. Edison to Enron is a readable flowing history of two of America's largest and most colorful industries. It begins with the story of Samuel Insull, a poor boy from England, who started his career as Thomas Edison's right-hand man, then went on his own and became one of America's top industrialists. But when Insull's General Electric's energy empire collapsed during the Great Depression, the hitherto Great Man was denounced and prosecuted and died a pauper. Against that backdrop, the book introduces Ken Lay, a poor boy from Missouri who began his career as an aide to the head of Humble oil, now part of Exxon Mobil. Lay went on to become a Washington bureaucrat and energy regulator and then became the wunderkind of the natural gas industry in the 1980s with Enron. To connect the lives of these two energy giants, Edison to Enron takes the reader through the flamboyant history of the American energy industry, from Texas wildcatters to the great pipeline builders to the Washington wheeler-dealers. From the Reviews... "This scholarly work fills in much missing history about two of America's most important industries, electricity and natural gas." —Joseph A. Pratt, NEH-Cullen Professor of History and Business, University of Houston "... a remarkable book on the political inner workings of the U.S. energy industry." —Robert Peltier, PE, Editor-in-Chief, POWER Magazine "This is a powerful story, brilliantly told." —Forrest McDonald, Historian

Electrifying America

Electrifying America

From Thomas Edison to Climate Change

  • Author: I. David Rosenstein
  • Publisher: N.A
  • ISBN: 9781543901788
  • Category: Technology & Engineering
  • Page: 140
  • View: 9496
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On September 4, 1882, Thomas Edison flipped a switch and illuminated an office building in New York's financial district for the first time. But before Edison could achieve his goal of "lighting the world," he was challenged by George Westinghouse and his alternating current system. The ensuing War of the Electric Currents played out before the entire nation and became a vicious personal battle between Edison, Westinghouse, and Nicola Tesla. The War of the Electric Currents was only the first in a series of challenges to the reliable and affordable delivery of electricity in America. It was followed by the excesses of the Power Trusts of the 1920s, multiple large scale power blackouts, the 1973 Arab Oil Embargo, the Three Mile Island accident, California's misadventure with competitive electric supply, and Enron's bankruptcy. The challenges continue to this day with fears of cyberattacks on the electric grid, the aging energy infrastructure, and the need to respond to the threat of climate change. As part of his journey through the evolution of electric service, forty-year industry veteran, I. David Rosenstein, provides a fascinating insider's perspective on events from electric industry restructuring to the efforts to reduce greenhouse gas emissions from power plants. He shows that, no matter how daunting the challenges, the electric industry and its policy makers have always met the challenges head-on and ensured delivery of electric supply that meets the public interest.

Capitalism at Work

Capitalism at Work

Business, Government, and Energy

  • Author: Robert L. Bradley
  • Publisher: M & M Scrivener Press
  • ISBN: 098020948X
  • Category: Business & Economics
  • Page: 497
  • View: 3356
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Read the Intro Chapter (PDF) View the Ayn Rand Appendix View an interview with author Robert L. Bradley, Jr. at Reason.com Capitalism took the blame for Enron although the company was anything but a free-market enterprise, and company architect was hardly a principled capitalist. On the contrary, Enron was a politically dependent company and, in the end, a grotesque outcome of America's mixed economy. That is the central finding of Robert L. Bradley's "Capitalism at Work": The blame for Enron rests squarely with "political capitalism"--a system in which business firms routinely obtain government intervention to further their own interests at the expense of consumers, taxpayers, and competitors. Although Ken Lay professed allegiance to free markets, he was in fact a consumate politician. Only by manipulating the levers of government was he able to transform Enron from a $3 billion natural gas company to a $100 billion chimera, one that went in a matter of months from seventh place on Fortune's 500 list to bankruptcy. But "Capitalism at Work" goes beyond unmasking Enron's sophisticated foray into political capitalism. Employing the timeless insights of Adam Smith, Samuel Smiles, and Ayn Rand, among others, Bradley shows how fashionable anti-capitalist doctrines set the stage for the ultimate business debacle. Those errant theories, like Enron itself, elevated form over substance, ignored legitimate criticism, and bypassed midcourse correction. Political capitali

The Merchant of Power

The Merchant of Power

Sam Insull, Thomas Edison, and the Creation of the Modern Metropolis

  • Author: John F. Wasik
  • Publisher: St. Martin's Press
  • ISBN: 1250089123
  • Category: History
  • Page: 288
  • View: 9438
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A timely rags-to-riches story, The Merchant of Power recounts how Sam Insull--right hand to Thomas Edison--went on to become one of the richest men in the world, pivotal in the birth of General Electric and instrumental in the creation of the modern metropolis with his invention of the power grid, which still fuels major cities today. John Wasik, awarded the National Press Club Award for Consumer Journalism, had unprecedented access to Sam Insull's archives, which include private correspondence with Thomas Edison. The extraordinary fall of a man extraordinary for his time is revealed in this cautionary tale about the excesses of corporate power.

The Power Brokers

The Power Brokers

The Struggle to Shape and Control the Electric Power Industry

  • Author: Jeremiah D. Lambert
  • Publisher: MIT Press
  • ISBN: 0262029502
  • Category: Business & Economics
  • Page: 400
  • View: 1050
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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.

When the Lights Went Out

When the Lights Went Out

A History of Blackouts in America

  • Author: David E. Nye
  • Publisher: MIT Press
  • ISBN: 0262288338
  • Category: Technology & Engineering
  • Page: 304
  • View: 6922
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Where were you when the lights went out? At home during a thunderstorm? During the Great Northeastern Blackout of 1965? In California when rolling blackouts hit in 2000? In 2003, when a cascading power failure left fifty million people without electricity? We often remember vividly our time in the dark. In When the Lights Went Out, David Nye views power outages in America from 1935 to the present not simply as technical failures but variously as military tactic, social disruption, crisis in the networked city, outcome of political and economic decisions, sudden encounter with sublimity, and memories enshrined in photographs. Our electrically lit-up life is so natural to us that when the lights go off, the darkness seems abnormal. Nye looks at America's development of its electrical grid, which made large-scale power failures possible and a series of blackouts from military blackouts to the "greenout" (exemplified by the new tradition of "Earth Hour"), a voluntary reduction organized by environmental organizations. Blackouts, writes Nye, are breaks in the flow of social time that reveal much about the trajectory of American history. Each time one occurs, Americans confront their essential condition -- not as isolated individuals, but as a community that increasingly binds itself together with electrical wires and signals.

Power to People

Power to People

The Inside Story of AES and the Globalization of Electricity

  • Author: Peter Grose
  • Publisher: Island Press
  • ISBN: 1610911547
  • Category: Business & Economics
  • Page: 186
  • View: 8686
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In the late 1990s, while Enron was flying high, a smaller power company flew under the radar. AES was founded in 1981 according to a different set of principles—fiscally conservative investment strategies paired with the belief that business can be both fun and socially responsible. When Roger Sant arrived in Washington, D.C., in 1974, industry and government were focused on securing ever more oil, gas, coal, and nuclear energy, not on efficiency. Sant, who left a teaching position at Stanford’s business school to become assistant administrator of the Federal Energy Administration, was committed to changing the focus. With his colleague Dennis Bakke and a handful of investors, Sant founded AES, an upstart energy service company that would ultimately help transform the industry. The company was built on Sant and Bakke’s ideals: a healthy work environment, a healthy natural environment, and efficient electricity generation and delivery at an affordable price. AES seized the opportunities created by deregulation of the electricity industry, breaking free of an energy infrastructure dating back to Thomas Edison’s day. While Enron and many others stumbled, AES proved itself able to survive and often to thrive. Rapid growth would become the company’s greatest challenge, yet through exhilarating highs and disappointing lows, AES has maintained its founders’ original vision of electricity generation that sustains workers, consumers, and the environment. Power to People is the story of electricity privatization, expanding global markets, and the transformation of an industry. It is also proof of the electrifying combination of innovation and good citizenship.

Tesla: Inventor of the Modern

Tesla: Inventor of the Modern

  • Author: Richard Munson
  • Publisher: W. W. Norton & Company
  • ISBN: 0393635457
  • Category: Biography & Autobiography
  • Page: 320
  • View: 5199
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Tesla’s inventions transformed our world, and his visions have continued to inspire great minds for generations. Nikola Tesla invented the radio, robots, and remote control. His electric induction motors run our appliances and factories, yet he has been largely overlooked by history. In Tesla, Richard Munson presents a comprehensive portrait of this farsighted and underappreciated mastermind. When his first breakthrough—alternating current, the basis of the electric grid—pitted him against Thomas Edison’s direct-current empire, Tesla’s superior technology prevailed. Unfortunately, he had little business sense and could not capitalize on this success. His most advanced ideas went unrecognized for decades: forty years in the case of the radio patent, longer still for his ideas on laser beam technology. Although penniless during his later years, he never stopped imagining. In the early 1900s, he designed plans for cell phones, the Internet, death-ray weapons, and interstellar communications. His ideas have lived on to shape the modern economy. Who was this genius? Drawing on letters, technical notebooks, and other primary sources, Munson pieces together the magnificently bizarre personal life and mental habits of the enigmatic inventor. Born during a lightning storm at midnight, Tesla died alone in a New York City hotel. He was an acute germaphobe who never shook hands and required nine napkins when he sat down to dinner. Strikingly handsome and impeccably dressed, he spoke eight languages and could recite entire books from memory. Yet Tesla’s most famous inventions were not the product of fastidiousness or linear thought but of a mind fueled by both the humanities and sciences: he conceived the induction motor while walking through a park and reciting Goethe’s Faust. Tesla worked tirelessly to offer electric power to the world, to introduce automatons that would reduce life’s drudgery, and to develop machines that might one day abolish war. His story is a reminder that technology can transcend the marketplace and that profit is not the only motivation for invention. This clear, authoritative, and highly readable biography takes account of all phases of Tesla’s remarkable life.

Lights Out

Lights Out

A Cyberattack, a Nation Unprepared, Surviving the Aftermath

  • Author: Ted Koppel
  • Publisher: Crown
  • ISBN: 055341996X
  • Category: Political Science
  • Page: 279
  • View: 1319
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A nation unprepared : surviving the aftermath of a blackout where tens of millions of people over several states are affected.

Jim Cramer's Getting Back to Even

Jim Cramer's Getting Back to Even

  • Author: James J. Cramer
  • Publisher: Simon and Schuster
  • ISBN: 9781439163542
  • Category: Business & Economics
  • Page: 368
  • View: 8137
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Jim Cramer, host of CNBC's Mad Money and bestselling author and financial guru, offers specific advice about how to overcome your fear of the markets and put your investments back on track to recover from the financial debacle of 2008-2009. You don't even look at your 401(k) statements any longer. When mail comes from your broker or your mutual fund, you throw it in a drawer unopened. You know how bad things are and you're just waiting for them to improve before you start thinking about your money again. But how long will that take? How many opportunities will you miss while you hide your head in the sand? Shouldn't you be doing something? Jim Cramer says that there are positive steps you can take to start the financial healing process. You can start to get back to even, then go from there. Cramer explains how to make the best of the bad situation you're in, and how not to succumb to fear and panic. He tell you what steps to take depending on your age and your financial goals. Getting Back to Even will include advice on refinancing a mortgage, recovering from job loss or downsizing, and making a new financial plan. It will include twenty new rules for investing that fit the current economic climate. Jim Cramer believes that the stock market is still the best long-term investment anyone can make. He'll offer guidance on which stocks to select, or how to find a reliable and successful mutual-fund manager, and how to spot the economic recovery when it happens. Whether you're 25 and investing to build wealth or 65 and hoping to restore your retirement savings, you'll need the advice Jim Cramer offers in Getting Back to Even.

Wall Street

Wall Street

A History, Updated Edition

  • Author: Charles R. Geisst
  • Publisher: Oxford University Press
  • ISBN: 0195396219
  • Category: Business & Economics
  • Page: 528
  • View: 5293
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An economic historian presents the first, wide-ranging chronicle of the rise of Wall Street, tracing how the Street fueled the development of the U.S. into a world economic power and how it was increasingly subjected to government involvement. UP.

After the Fall

After the Fall

Saving Capitalism from Wall Street and Washington

  • Author: Nicole Gelinas
  • Publisher: Encounter Books
  • ISBN: 1594035415
  • Category: Political Science
  • Page: 256
  • View: 1879
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Robust financial markets support capitalism, they don't imperil it. But in 2008, Washington policymakers were compelled to replace private risk-takers in the financial system with government capital so that money and credit flows wouldn't stop, precipitating a depression. Washington's actions weren't the start of government distortions in the financial industry, Nicole Gelinas writes, but the natural result of 25 years' worth of such distortions. In the early eighties, modern finance began to escape reasonable regulations, including the most important regulation of all, that of the marketplace. The government gradually adopted a "too big to fail" policy for the largest or most complex financial companies, saving lenders to failing firms from losses. As a result, these companies became impervious to the vital market discipline that the threat of loss provides. Adding to the problem, Wall Street created financial instruments that escaped other reasonable limits, including gentle constraints on speculative borrowing and requirements for the disclosure of important facts. The financial industry eventually posed an untenable risk to the economy -- a risk that culminated in the trillions of dollars' worth of government bailouts and guarantees that Washington scrambled starting in late 2008. Even as banks and markets seem to heal, lenders to financial companies continue to understand that the government would protect them in the future if necessary. This implicit guarantee harms economic growth, because it forces good companies to compete against bad. History and recent events make clear what Washington must do. First, policymakers must reintroduce market discipline to the financial world. They can do so by re-creating a credible, consistent way in which big financial companies can fail, with lenders taking their warranted losses. Second, policymakers can reapply prudent financial regulations so that markets, and the economy, can better withstand inevitable excesses of optimism and pessimism. Sensible regulations have worked well in the past and can work well again. As Gelinas explains in this richly detailed book, adequate regulation of financial firms and markets is a prerequisite for free-market capitalism -- not a barrier to it.

Executioner's Current

Executioner's Current

Thomas Edison, George Westinghouse, and the Invention of the Electric Chair

  • Author: Richard Moran
  • Publisher: Vintage
  • ISBN: 0307425800
  • Category: History
  • Page: 304
  • View: 9395
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In this amazing story of high stakes competition between two titans, Richard Moran shows how the electric chair developed not out of the desire to be more humane but through an effort by one nineteenth-century electric company to discredit the other. In 1882, Thomas Edison ushered in the “age of electricity” when he illuminated Manhattan’s Pearl Street with his direct current (DC) system. Six years later, George Westinghouse lit up Buffalo with his less expensive alternating current (AC). The two men quickly became locked in a fierce rivalry, made all the more complicated by a novel new application for their product: the electric chair. When Edison set out to persuade the state of New York to use Westinghouse’s current to execute condemned criminals, Westinghouse fought back in court, attempting to stop the first electrocution and keep AC from becoming the “executioner’s current.” In this meticulously researched account of the ensuing legal battle and the horribly botched first execution, Moran raises disturbing questions not only about electrocution, but about about our society’s tendency to rely on new technologies to answer moral questions. From the Trade Paperback edition.

Renewable Energy Law and Policy

Renewable Energy Law and Policy

  • Author: Jack Jacobs
  • Publisher: LexisNexis
  • ISBN: 1522114459
  • Category: Law
  • Page: N.A
  • View: 9777
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Renewable Energy Law and Policy covers the aspects of most renewable energy deals, including issues pertaining to structuring, real estate, finance, land use, contracts, environmental, corporate, tax, and securities law. As this nascent industry matures, and technology makes it increasingly more efficient to create electricity from the sun, wind, and geothermal resources, lawyers have begun seeing an increase in questions from landowners, project developers and non-renewable energy producers that are looking to grow in, or break into, the renewable energy sector. Legislators have also taken notice of the unprecedented potential and real growth over the last decade. This book helps practitioners, students, and laypeople navigate the complex and ever changing landscape of this new area of law. It was written to help the reader deal with this evolving reality by explaining the dynamics of the industry and the existing and developing regulatory and competitive environment. Among the important areas addressed are the following: • Legal and policy issues that impact the development, implementation and commercialization of renewable energy projects. • Structuring, land use, siting, and finance issues encountered by developers of renewable energy projects. • Investing in renewable energy projects. • Renewable energy development in other countries. • Building a renewable energy project. • Selling renewable energy. • Tips for drafting and negotiating key renewable energy documents

What Went Wrong at Enron

What Went Wrong at Enron

Everyone's Guide to the Largest Bankruptcy in U.S. History

  • Author: Peter C. Fusaro,Ross M. Miller
  • Publisher: John Wiley & Sons
  • ISBN: 0471423254
  • Category: Business & Economics
  • Page: 256
  • View: 443
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Blackout

Blackout

How the Electric Industry Exploits America

  • Author: Gordon L. Weil
  • Publisher: Basic Books
  • ISBN: 9781560258124
  • Category: Political Science
  • Page: 249
  • View: 2080
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Documenting the widespread August 2003 blackout that affected countless residents and businesses in the northeast and Canada, a history of what the author believes to be exploitative actions on the part of the electric industry describes the founding of the original electric monopoly by Edison and Insull, the failures of industry regulators, and the author's recommendations for more appropriate practices. Original.

Simply Electrifying

Simply Electrifying

The Technology that Transformed the World, from Benjamin Franklin to Elon Musk

  • Author: Craig R. Roach
  • Publisher: BenBella Books
  • ISBN: 1944648275
  • Category: Business & Economics
  • Page: 481
  • View: 2923
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Imagine your life without the internet. Without phones. Without television. Without sprawling cities. Without the freedom to continue working and playing after the sun goes down. Electricity is at the core of all modern life. It has transformed our society more than any other technology. Yet, no book offers a comprehensive history about this technological marvel. Until now. Simply Electrifying: The Technology that Transformed the World, from Benjamin Franklin to Elon Musk brings to life the 250-year history of electricity through the stories of the men and women who used it to transform our world: Benjamin Franklin, James Watt, Michael Faraday, Samuel F.B. Morse, Thomas Edison, Samuel Insull, Albert Einstein, Rachel Carson, Elon Musk, and more. In the process, it reveals for the first time the complete, thrilling, and often-dangerous story of electricity’s historic discovery, development, and worldwide application. Electricity plays a fundamental role not only in our everyday lives but in history’s most pivotal events, from global climate change and the push for wind- and solar-generated electricity to Japan’s nuclear accident at Fukushima and Iran’s pursuit of nuclear weapons. Written by electricity expert and four-decade veteran of the industry Craig R. Roach, Simply Electrifying marshals, in fascinating narrative detail, the full range of factors that shaped the electricity business over time—science, technology, law, politics, government regulation, economics, business strategy, and culture—before looking forward toward the exhilarating prospects for electricity generation and use that will shape our future.

Understanding Electric Power Systems

Understanding Electric Power Systems

An Overview of the Technology, the Marketplace, and Government Regulation

  • Author: Frank Delea,Jack Casazza
  • Publisher: John Wiley & Sons
  • ISBN: 1118211375
  • Category: Technology & Engineering
  • Page: 344
  • View: 8317
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Technological advances and changes in government policy and regulation have altered the electric power industry in recent years and will continue to impact it for quite some time. Fully updated with the latest changes to regulation, structure, and technology, this new edition of Understanding Electric Power Systems offers a real-world view of the industry, explaining how it operates, how it is structured, and how electricity is regulated and priced. It includes extensive references for the reader and will be especially useful to lawyers, government officials, regulators, engineers, and students, as well as the general public. The book explains the physical functioning of electric power systems, the electric power business in today's environment, and the related institutions, including recent changes in the roles of the Federal Energy Regulatory Commission and the North American Reliability Company. Significant changes that are affecting the industry are covered in this new edition, including: The expanded role of the federal government in the planning and operation of the nation's electric utilities New energy laws and a large number of FERC regulations implementing these laws Concerns over global warming and potential impacts on the electric industry Pressures for expansion of the electric grid and the implementation of "smart-grid" technologies The growing importance of various energy-storage technologies and renewable energy sources New nuclear generation technologies The 2009 economic stimulus package

They Made America

They Made America

From the Steam Engine to the Search Engine: Two Centuries of Innovators

  • Author: Harold Evans,Gail Buckland,David Lefer
  • Publisher: Back Bay Books
  • ISBN: 9780316070348
  • Category: Technology & Engineering
  • Page: 496
  • View: 471
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An illustrated history of American innovators--some well known, some unknown, and all fascinating-- by the author of the bestselling The American Century.