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Gas Pipelines and the Emergence of America's Regulatory State - A History of Panhandle Eastern Corporation, 1928-1993 (Paperback)
Loot Price: R1,130
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Gas Pipelines and the Emergence of America's Regulatory State - A History of Panhandle Eastern Corporation, 1928-1993 (Paperback)
Series: Studies in Economic History and Policy: USA in the Twentieth Century
Expected to ship within 10 - 15 working days
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The study of Panhandle Eastern's history shows the relationship
between regulatory policy and the modern corporation in the
twentieth century from a unique perspective, for it extends over
three eras in the growth of its industry and the US political
economy. The first era, in which the interstate pipeline industry
began, was characterised by minimal regulation or antitrust
activity. Then, New Deal regulatory reforms subjected the firms to
single industry regulation, but pipelines bought and sold gas and
enjoyed a long period of expansion in spite of the increasingly
complex regulations. Finally, the third era was characterised by
regulatory failure, energy crises, regulatory change, and industry
reorganisation as regulators took the traditional merchant
function, that of buying and selling gas, from pipelines and
transformed them into open access contract carriers.
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