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Books > Business & Economics > Economics > Microeconomics
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Risk, Organizations, and Society (Paperback, Softcover reprint of the original 1st ed. 1991)
Loot Price: R2,861
Discovery Miles 28 610
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Risk, Organizations, and Society (Paperback, Softcover reprint of the original 1st ed. 1991)
Series: Studies in Risk and Uncertainty, 2
Expected to ship within 10 - 15 working days
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Growth of the electric industry Electric generating stations and
the associated transmission and distribu tion systems are high
ticket items as are the costs of fuel and of operating the
industry. The country presently spends about $150 billion annually
on electricity. It is the country's largest industry, with assets
of over $400 billion (Edison Electric Institute Statistical Year
book, 1985). The country's electric generating capacity and the end
use of electricity grew exponentially for about 70 years, starting
at the beginning of the century, with a doubling period of roughly
seven years (see figurelO-1). Over much of this period electric
utility planning could simply consist of laying a ruler on such a
logarithmic plot. The utilities could then, know ing plant
construction times, write out purchase orders. Improvements in
power generating technology allowed electric rates to decline,
which permitted the market to expand to accommodate the additional
supply. The prospective growth was a heady vision and provided much
of the stimulus for the supporters of nuclear power. An example of
such extra polation made in 1971 is shown in figure 10-2 (The U. S.
Energy Problem, 1971). Another forecast (Electrical Power Supply
and Demand Forecasts for the United States Through 2050, 1972)
projected an installed capacity of 1. 5 million MV(e) in the year
2000, of which 45 percent was to be nuclear. For the year 2050 the
installed capacity would have risen to 5. 2 million MW(e), of which
88 percent was to be nuclear."
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