Industry

Delivering Energy

Natural monopolies can be broken down into parts that are not natural monopolies. Or so the thinking goes. The New York Public Service Commission, after discussion of the issues, has opened the State's electricity industry to competition. The energy market has two elements: supply and delivery. Only the latter, the "pipes and wires," is a natural monopoly.

This point is clarified when we open our monthly statement: NYSEG is an energy delivery company.

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categories: Industry

Beyond Petroleum

BP looked at the world, merged with one oil company, bought another, rethought itself — and re-presented itself as bp, an energy company.

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categories: Industry