Gas Pipelines and the Emergence of America''s Regulatory State : A History of Panhandle Eastern Corporation, 1928–1993
Book Details
Format
Paperback / Softback
ISBN-10
0521567327
ISBN-13
9780521567329
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Oct 30th, 2003
Print length
324 Pages
Weight
510 grams
Dimensions
22.90 x 15.30 x 2.30 cms
Ksh 6,250.00
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Panhandle Eastern's history shows the relationship between regulatory policy and the modern corporation. Entrepreneurs competed in an unregulated industry that became increasingly regulated and profitable, until finally in an era of business reorganization and deregulation, regulators changed the structure of the industry.
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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