The Regulation Of Shareholder-Owned Electric Companies.
Although the electric power industry is a diverse one with thousands of suppliers, not all of them are regulated in the same way. Some suppliers, such as shareholder- owned electric companies, are highly regulated at the federal and state levels; others, such as electric cooperatives and government-owned utilities, are not subject to the same regulatory requirements.
The promotion of wholesale electric competition by the Federal Energy Regulatory Commission and the introduction of retail choice in some states, beginning in the late 1990s, changed the regulatory landscape for utilities. The enactment of the Energy Policy Act of 2005 (EPAct 2005) in August 2005, meanwhile, mandated important regulatory changes to enhance reliability, promote investment and fuel diversity, modernize outdated federal electricity laws, and enhance consumer protections.
Material in this section from Key Facts About The Electric Power Industry, courtesy of Edison Electric Institute, 701 Pennsylvania Avenue, N.W., Washington, D.C. 20004-2696, www.eei.org.