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Economic, Political, and Social Influences on Electric Utility Regulation in the Georgia Public Service Commission
Academic journal article from The Journal of Social, Political, and Economic Studies, Vol. 25, No. 1
Beginning of article
Regulation is a dynamic and complex issue that has sparked controversy recently and deserves a closer look. While this paper concentrates on regulation in one state (Georgia) and in one specific industry (electric utilities), we believe that it has application for other states and other regulated industries. We find that economic, political, and social factors affect state regulation. The economic variables affect private efficiency relations, the political variables. affect governmental power relations, and the social variables affect private equity or fairness relations. In our opinion, for the short-run at least, some kind of regulation is still necessary. However, it is instructive to …
